Fyers Review 2019

Rated 4/5 by Top Share Brokers Team
Fyers Securities Review

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Incorporated in 2015, Fyers Securities with web portal www.fyers.in is a revolutionary name in discount brokerage space. The broker is based in Bangalore and the member of NSE, BSE, and MCX. For Demat, Fyers has a partnership with IL&FS Securities Services Limited. The broker falls right in line amongst the low brokerage discount brokers in India as it offers brokerage of flat Rs 20 per executed order for trading in equity intraday, F&O, currency, and commodity. In 2018, the broker moves to free investment zone by offering free equity delivery trading.

Fyers has introduced a new way of investing in stocks called "thematic investing" where a bunch of stocks is picked based on certain specific ideas called themes. The idea is to focus on investing in a group of shares that suits your preference rather than investing in individual stocks. It is similar to mutual fund investment. Thematic Investment is also part of free trading.

As the broker is a new entrant in the market, we can expect nice and satisfactory customer service from them. The broker has done a really good job in the last 4 years in terms of customer support and provides features customer need for trading and investment. The broker provides e-mail and phone support and built a strong online blog and FAQs. They also have a referral program where you can earn 20% of the brokerage generated by the clients referred by you.

Thematic Investing >>Detail Review

Review Summary

Fyers (Focus Your Energy & Reform the Self) is the fresh breeze in the online discount brokerage industry that differentiates themselves from others in line by taking one step ahead by introducing thematic investing.


Benefits

  • Free delivery trading and max Rs 20 for all other segments.
  • FYERS 30 Day Challenge.
  • Thematic investing at zero brokerage.
  • Innovative and advance in-house trading platforms across web, terminal and mobile.
  • High leverage, in-line with other top discount brokers.
  • No hidden cost and subscription charges.
  • Referral program and up to the mark customer support.
  • Advance order types cover orders and bracket order available.
  • NRI services offered.
  • Fyers trading and Demat account opening are free and no minimum balance is required to open the account.
  • Brokerage and Margin Calculator to calculate costs & margin requirements upfront.

Considerations

  • The broker doesn’t have own DP service, they have a tie-up with IL&FS for Demat services.
  • DP charges on selling are higher compared to other discount brokers.

Special Offer

Get FREE Trading for Limited Time + FREE Equity Delivery Trades (No Brokerage) + Rs 20 Max Trade in all other segments.

Simply leave your contact information with us and Fyers representatives will contact you.

Request call back from Fyers

Fyers Investment Options Compare

Here we are comparing Fyers with its 5 close competitors on investment options.

Broker Fyers Sharekhan 5paisa Zerodha SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading No Yes Yes Yes Yes
Mutual Funds Yes Yes Yes Yes No
MF SIP No Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance No Yes Yes No No

Fyers Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 3.5/5

Fyers Account Opening Charges

      »»  Trading Account Opening Charges: Free
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Free
      »»  Demat Account AMC: Rs 400 PA

Fyers Brokerage

Fyers offer only one brokerage plan which is a flat brokerage of Rs 20 per executed order across all the segments. Equity delivery trading is free, the same as offered by Zerodha and Upstox. The brokerage for currency future, currency option and commodity is also Rs 20.

NRIs can trade in all segments at Rs 100 per executed order.

Benefits

  • Max Rs 20 per executed order.
  • No limitation of order size and no hidden charges.

Considerations

  • No margin funding facility.

Fyers Other Charges

  • Call & Trade is Rs 20 per executed order.
  • Payment Gateway with 21+ Bank @ 10 Rs + GST.
  • DP charges for delivery based equity selling at Rs 20+ 5.5 CDSL charges.
  • RMS square off charges of Rs 20 per executed order.

Account Type

Fyers mainly offer 2-in-1 account and commodity trading account.

    Fyers Trading and Demat Account

    Fyers offers trading account to trade in equity cash, intraday, derivatives, and currency trading. Demat account is offered by IF&LS.

    Fyers Commodity Only Account

    You can open only commodity trading account with Fyers.

    Mutual Fund Account

    At current, Fyers doesn’t offer Mutual Fund Account.

    Fyers NRI Trading Account

    Fyers offer NRI trading account on discount brokerage price. A flat fee of Rs 100 per executed order for NRI customers in all segment. This is one of the lowest brokerage plans for NRI customers.

For complete brokerage charges and trading plans detail please visit Fyers Brokerage Charges.

Fyers with closest competitors

Here we are comparing Fyers with its 5 close competitors, who are currently market leader in brokerage industry.

Broker Fyers Sharekhan 5paisa Zerodha SAMCO
Service Type Discount Broker Full Service Broker Discount Broker Discount Broker Discount Broker
Brokerage Range Rs 20 0.1 to 0.5% Rs 10 Rs 20 Rs 20
Account Type 2 in 1 2 in 1 2 in 1 2 in 1 2 in 1
Equity Delivery Free 0.5% or 50 paisa Flat Fee Rs 10 Free 0.2% or Rs 20 whichever is lower
Equity Intraday 0.01% or Rs 20 whichever is lower 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Futures 0.01% or Rs 20 whichever is lower 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 20 2.5% of Premium or Rs 250 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Commodity NA 0.1% or 10 paisa Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.01% or Rs 20 whichever is lower 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Currency Options Flat Fee Rs 20 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Rating

Please refer unique and accurate Fyers Brokerage Calculator


Fyers Securities Margin Details

Fyers margin/exposures/leverage for MIS orders(Intraday only)

  1. Fyers intraday Equity Margin - Fyers offers up to 3x to 16x depending on the script. Margins are provided only for intraday trading.
  2. Fyers exposure for Index and Stock Futures - Fyers offers 4x for futures trades.
  3. Fyers exposure for Options Seller - Fyers offers 4x.
  4. Fyers exposure for Options Buyers(CO on Nifty near months contracts) - Fyers offers 1.3x.
  5. Fyers exposure for Currency Futures - Fyers offers up to 50% of NRML margin.

Fyers margin/exposures/leverage for CO/BO orders

  1. Fyers exposure for intraday trading - Fyers offers up to 5x to 33x, this margin depends on your stop loss price. CO/BO orders are for Intraday only
  2. Fyers exposure for trading in futures - Fyers offers up to 8x to 44x, this margin depends on your stop loss price. CO/BO orders are for Intraday only

Fyers Exposures for CNC or NRML orders

  1. Fyers don't offer any margin for CNC(Cash n Carry) orders.
  2. Fyers margin for the F&O overnight position - as per exchange stipulated margins (SPAN + exposure)

Open Trading and Demat Account with Fyers Securities

For online trading with FYERS, investor has to open 2-in-1 account(Trading and Demat). Following are the ways to open an account with FYERS:

Contact Fyers

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Fyers Trading Platform and Tools

Trading Platforms Rated 4/5

    Fyers has the most advanced and in-house built trading platforms across web, mobile, and software-based at no additional fee for technical traders and fundamental investors. The platforms are geared to support algos, signal generation and lots more.

      Fyers One (trading software)

      Fyers One is the power pack downloadable trading software of Fyers Securities. The advanced features of this trading terminal are heatmaps, stock screeners, intraday scanners, support & resistance filters, real-time market-wide analytics and other key information like FII/DII data, RBI key rates, global markets performance, etc.

      Fyers Web Trader (web-browser)

      Web Trader (login.fyers.in) is the robust web portal of Fyers for seamless, smooth and flexible trading from home or work. The platform has advanced charts with 70+ indicators, 300+ interactive icons, and historical EOD data of 20+ years. Advance features like price ladder trading where clients can visualize price action before placing an order in intraday. The trading facility from charts, multi-charts setup, intuitive dashboard, and simple user interface.

      Fyers Markets (mobile-app)

      Fyers Markets is the smartphone app of Fyers Securities with all the advanced features and it even works at very low bandwidth. The features include adding up to 25 scrips in the watchlist and can create up to 5 different watchlists. Screeners like resistance and support, high/low breakers, trending screeners, etc. are available.

    For detail review of mobile app and download please visit Fyers Trading Platform Review.

Fyers Trading Platform Compare

Here we are comparing Fyers with its 5 close competitors on Trading Platform.

Broker Fyers Sharekhan 5paisa Zerodha SAMCO
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
Android Tablet App Yes Yes Yes Yes Yes
Android Mobile App Yes Yes Yes Yes Yes
iPhone App (iOS Mobile App) Yes Yes Yes Yes No
iPad App Yes Yes Yes Yes No
Mobile Site No Yes Yes Yes Yes

Final thought about Fyers

The broker is new to the stockbroking industry but entered in the market with all the important tools and ideas to make investing a smooth and easy experience for its clients.

Fyers will mostly suit people looking for some advice on investment, investment in IPOs and Mutual Funds along with Equity and Derivative Trading.

On and on a better broker at a decent brokerage and services and definitely falls under the cheapest online stockbroker.

If you like what you have read and want to open an trading and demat account with Fyers, leave your contact information with us and we will guide you.


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Fyers Securities User Reviews

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14. Sathishkumar Apr 25, 2019 8:31:04 AM IST Reply
Here in available tamil language talk borker
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13. kumar Jan 24, 2019 7:17:58 PM IST Reply
wonderful

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
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12. ghghgh Oct 20, 2018 2:22:14 PM IST Reply
Best Broker

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
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11. sambhaji Sep 30, 2018 10:28:05 PM IST Reply
sir i need information about mcx crudoil margin normal and mis order in 1 mega and 1 mini lot. Thanks
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11.1. CA Sachin jain Oct 2, 2018 8:54:51 AM IST
As of now, fyers is not in commodity trading. So for commodity account, you need to open an account with Zerodha or Upstox.
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10. Rameshwar A. Shelke May 14, 2018 11:17:15 PM IST Reply
Now free brokerage For Equity Delivery & Thematic Investments.
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9. Sanjay Nakrani Aug 23, 2017 11:07:52 PM IST Reply
very good app for mobile and also web trading platform is very good ...

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Above Average
avatar
8. Ayush Aug 12, 2017 8:25:42 AM IST Reply
Fyers Tading account was superb with much comprehensive tools but they are not updating there app and also charge excess in name DP charge and hidden cost charge over ₹980 for nothing fyers is trustworthy but there demat is not they deducted a hell lot of amount directly from my bank account on call they do not provide sufficient reply and did not understand the concern seriously

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
7. jawed Apr 9, 2017 12:55:09 AM IST Reply
its wonderful experience

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
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6. Rahul Jan 19, 2016 8:35:05 AM IST Reply
I''m option trader, I searched online for many broker how are best but finally my found Fyers Securities with offering Rs..10 Lot and no words about customer support, its fantastic. Now I''m very happy :-)

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
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6.1. Adrian Kasanoi Apr 29, 2016 2:36:41 PM IST
Seems like a paid comment
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6.2. vinit patil Feb 23, 2017 6:05:10 PM IST
haha ur right...
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5. Vipin Krishnan Aug 25, 2016 2:49:52 PM IST Reply
Worst experience for me.
Requested a payout 1 week before and still its not processed.
Nobody is there for customer support as well.

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