Brokerage - Average Account Maintenance Fees - Above Average Website Usability - Below Average Customer Service - Average Overall Experience - Below Average
Its better than Zerodha, but certainly lacks many important things in an trading platform similar to Tradestation or MetaTrader4 or MetaTrader5. Execution speed far less than MT4/MT5.
Ratings:
Brokerage - Excellent Account Maintenance Fees - Above Average Website Usability - Below Average Customer Service - Average Overall Experience - Average
I have opened account with fyers in Oct 2020 and within 1 month i had to close my account with bad experience i got. When u call customer service, some times it's never connect even it's connect it disconnects intermediately. Margins also very low compare to any other brokerages and they will not give CO/BO on options where all brokers provide same. They boast trading view charts can be accessed with fyers, But i don't see significance as now a days most of brokers provide trading view charts.
Ratings:
Brokerage - Average Account Maintenance Fees - Average Website Usability - Below Average Customer Service - Very Poor Overall Experience - Very Poor
Fyers levy hidden charges when they trade with them. They loot at least 20 to 30 rupees for a Cash trade of about 1.5 Lakhs using Bracket Order. Their brokerage calculator shows the taxes and brokerage values very similar to Zerodha''s calculator. But, they say that when bracket orders get executed in multiple trenches they charge extra. It is simply cheating, because Zerodha doesn''t do that. They will charge anything extra than what they show in their Brokerage calculator.
Ratings:
Brokerage - Very Poor Account Maintenance Fees - Average Website Usability - Above Average Customer Service - Below Average Overall Experience - Below Average
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Ratings:
Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor