Fyers stands out as one of the highly sought-after stockbrokers in the nation. The business has expanded tremendously since launching its NRI trading and demat services in 2022.

If you are an NRI and want to try your hand in the Indian stock market, check out this Fyers NRI Account Review.

We have thoroughly explained every detail about the company, its products, services, hidden charges, etc.

Nevertheless, you can also learn about Fyers NRI Account Charges from this page. So, promptly, delve into the article.

Broker Type Discount Broker
Account Opening Charges Free
AMC Free
Delivery Trading Allowed
MF Investment Allowed

Why Invest with Fyers NRI Account?

Below are some of the top reasons for investing in a Fyers NRI account:

  • Fyers promotes an easy process to open an NRI demat account through its NRI trading and investing platform. Moreover, it is free to open.
  • The regulated stock broking platform offers 2-in-1 accounts, i.e., trading and demat accounts.
  • With Fyers, you can open your demat account in under 5 minutes.
  • This discount broker charges only Rs.50 per order for trading in equity delivery and F&O, which is very low.
  • The stockbroker promotes multiple modes of business interaction, like a web trading platform, mobile trading app, and desktop trading terminal.
  • Through trading and investing with Fyers NRI Account, NRIs can experience best-in-class technology.
  • In addition, the discount broker has numerous financial products to offer its NRI customers.

Fyers NRI Account Opening Charges

Account Opening Charges

Free

Annual Maintenance Charges (AMC)

Free

If you have already decided to open an NRI account with Fyers, it is recommended that you check Fyers NRI Account AMC charges first.

The stock broker doesn’t charge any fee for account opening, which means you can set up an NRI account with Fyers without investing a single buck.

Furthermore, the company doesn’t charge anything to maintain the account, which means the annual maintenance charge is zero. So, you can start your trading journey with Fyers free of cost.

Fyers NRI Account Brokerage Charges

Equity Delivery (PIS)

0.5% or Rs.50 per Trade (whichever is low)

Equity Delivery (Non-PIS)

0.5% or Rs.50 per Trade (whichever is low)

Equity Intraday

NA

Equity Future

Rs.50 per trade (only Non-PIS)

Equity Option

Rs.50 per trade (only Non-PIS)

Commodity Future

NA

Commodity Option

NA

Currency Future

NA

Currency Option

NA

Brokerage charges are standard in any stock broking business. However, the charges differ from firm to firm. The Fyers NRI Account Brokerage for different stocks is given here for the unfamiliar.

The firm accepts Rs.50 of the total transaction value to trade Equity Delivery PIS and Non-PIS. The NRI must pay Rs.50 per trade to trade in the future equity option and equity option for non-PIS.

However, the firm doesn’t support trading in commodity options, commodity futures, currency options, currency futures, and equity intraday.


How to Open Fyers NRI Account?

Here is the exact procedure for opening your Fyers NRI account:

  1. Click on the “Open NRI Account” tab on the page below.
  2. Enter all your details in the pop-up form.
  3. You will receive a link from the Fyers executive & it will have a sign-up page.
  4. The signup page will open, where you must enter your phone number and click continue.
  5. Verify your mobile number by entering the OTP.
  6. Select the account type, enter your email ID and click on continue.
  7. Again, verify your OTP in this step.
  8. Enter your PAN and verify.
  9. Now enter your DOB and click on continue.
  10. Link your bank account by filling in your bank details and clicking continue.
  11. Select the trading segment and add additional information in the next step.
  12. Select your trading experience and choose your nominee.
  13. Verify your selfie and signature and click on submit.
  14. Review your details and click on proceed to e-sign.

Your NRI Demat & Trading account is now open, and within two days, you can start your trading journey with Fyers.

Documents required to Open Fyers NRI Demat & Trading Account

NRI Account Opening Form

Mandatory (Signed by NRI)

PAN Card of NRI

Mandatory

Overseas Address Proof

Mandatory (Driving License, Bank Statement, Overseas Passport)

Indian Address Proof

Mandatory (Aadhaar, Driving License, Indian Passport)

NRE or NRO Bank a/c Cancelled Cheque

Mandatory

OCI / PIO Card

Mandatory

Valid Passport

Mandatory

Valid VISA

Mandatory (Work/Student/Employment/Resident Premit)

PIS Letter from Bank

Mandatory

Passport Size Photograph

Mandatory

Account Opening Charges Cheque

Mandatory

Demat Opening Fee Cheque

Mandatory

Similar to its competitors, Fyers requests specific documents from NRIs to open Fyers’ non-resident Indian accounts. The below documents are mandatory to open an account with the firm.

  • Get an account opening form from the firm’s accepted banks and sign it before submitting it to the firm.
  • A PAN card, which acts as an identification document, must be submitted.
  • As proof of overseas address, you must submit supporting documents, like a driver’s license or passport.
  • Documents supporting Indian address proof like Aadhaar, Indian passport, driving license, etc, are to be submitted.
  • Cancelled cheques from NRE or NRO bank A/C to link bank account with Fyers.
  • Must submit OCI or PIO card.
  • Valid VISA, whichever you have in hand, includes work, student, employment, or resident permit.
  • PIS letter from the RBI permitting the NRIs to trade in the Indian stock market.
  • A recent passport-size photograph.
  • Account opening charges and demat opening fees cheques are mandatory, too.

Fyers NRI Account – Top Features

Here are some of the top features you should know about Fyers NRI account:

  • Fyers for NRIs use multiple technologically advanced trading platforms. An NRI can trade on almost any firm platform, such as a mobile app, algo trading, trading terminal, web platform, or basket trading.
  • Customers can use 2-in-1 accounts offered by the stock broker, such as trading and demat accounts.
  • The company also promotes a dedicated helpline number and email support for the customers and responds to queries as soon as they are submitted.
  • It charges no fees for account opening and account maintenance.

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Fyers NRI Demat Account - Products Provided

Equity Delivery

Yes

Equity Intraday

No

Equity Option

Yes

Equity Future

Yes

Commodity Option

No

Commodity Future

No

Currency Option

No

Currency Future

No

Mutual Funds

Yes

Here is the vast list of products offered at Fyers for Fyers NRI Demat Account holders. Equity delivery is a commonly provided trading segment in the firm.

However, if you are looking for quick trading, you cannot do so, as the firm doesn’t support Equity intraday.

Nonetheless, you can seamlessly trade in equity futures and options. The company has a dedicated mutual funds investment platform for mutual funds enthusiasts.

NRIs cannot trade in commodity futures, commodity options, currency futures, and currency options at Fyers.

Fyers NRI Trading Account - Services Provided

Demat Services

Yes

Trading Services

Yes

Intraday Services

No

F&O Services

Yes

IPO Services

Yes

PMS or PCG

No

Let us look at the services offered to NRIs with Fyers NRI Trading Account. Trading and demat services are prominent services provided by the firm.

Nevertheless, the company doesn’t lend assistance for intraday services. You can receive excellent support in Futures and Options (F&O) trading from the firm.

You are in luck if you want to trade in Initial Public Offerings (IPOs). The stockbroker doesn’t provide Portfolio Management Services (PMS) or Personalized Portfolio Creation (PCG) if you want one.

Fyers NRI Desk Helpline & Support

NRI Customer Care Number

080-60001111

NRI Email Support

support@fyers.in

Trading Support

Yes, Chargeable

Dedicated Dealer

No

Website Support

Facebook Support

Whatsapp Support

NA

Twitter Support

Telegram Support

You get excellent support at Fyers from the committed staff, who can address any of your questions. For Fyers NRI Support, you can call the customer care number – 080-60001111.

Alternatively, you can send a mail to support@fyers.in with your queries. The best part about Fyers is that NRIs can receive trading support for free.

However, the dealer support is chargeable. If you want to leave your comments or suggestions directly, you can visit Fyers’ official website.

Furthermore, stockbrokers can be reached through popular social media platforms like Twitter, Facebook, and Telegram.

Fyers NRI App & Trading Platforms

Web Trading Platform

Trading Terminal

Available

Algo Trading Platform

Available

Foreign Stocks Trading Platform

NA

Basket Trading Platform

Available

Mutual Fund Investment Platform

Available

Fyers is quite tech-savvy and has entirely digitalized its trading operations. NRIs can now access all their products and services on multiple digital platforms and applications introduced by Fyers.:

Fyers Web: Fyers is the most unique trading platform, built using the TradingView library.

It has numerous features, such as price ladder trading, drag-and-drop charts, and advanced charts with 24+ years of data.

Fyers App: Thanks to its unique features, the Fyers NRI App allows NRIs to trade like a pro.

These include faster order placement, watch-list-specific news, trading view charts, and more. The app is compatible with both Android and iOS platforms.

Fyers One: Fyers One is a Fyers NRI Trading Platform designed for desktops. The platform boasts advanced features like analytical tools, F&O Analysis, technical screeners, and EOD reports.

Fyers Next: If you are looking for accelerated trading, look no further than Fyers Next, which is exclusively designed for this purpose.

It has astonishing features like custom columns, advanced filters, a market watch, and an option chain.

Fyers Pledge: As the name suggests, pledge your assets and earn additional gains in Futures and Options trading.

The stockbroker also supports the mutual fund’s investment, basket, and algo trading platforms.

Fyers NRI Account - Research & Advisory

Fundamental Reports

Available

IPO Reports

NA

Technical Reports

NA

Stock Tips

Available, chargeable

Daily Top Stock Picks

Available, chargeable

Relationship Manager

NA

Robo Advisory

NA

An NRI must know the trading rules and regulations of SEBI and the concerned stock broker. Fyers Advisory for NRI is different from other stockbrokers.

The company furnishes fundamental reports to the NRI to offer them the most essential information about its operations and financial stature.

However, the stockbroker doesn’t provide technical reports to the NRIs. Also, no IPO reports are provided to the customers.

Furthermore, daily top stock picks and tips are available, but you must pay the price to get them. No dedicated relationship manager is assigned to take care of your trading account.


Fyers NRI Charges

Other than the transparent brokerage charges, there are some hidden charges that the NRI must be aware of. Take a look at the Fyers Hidden Charges for NRI below.

  • SEBI Turnover Charges: The firm charges Rs. 10/crore in all trading segments from the NRI.
  • DP Charges: NRIs are responsible for paying Rs.15 to the stockbroker for each share they sell.
  • GST: The GST will be 18% on (Brokerage + SEBI + Transaction charges)
  • Account Closure Charges: If you want to quit the stockbroker, you can do it for free without any charges.
  • Reactivation Charges: The reactivation charges are nil if you want to reactivate the account with the stockbroker.
  • Dematerialization Charges: Also, for dematerialization, the firm charges are Nil.
  • Call & Trade Charges: The stockbroker charges Rs.50 for trades made over the phone.

Fyers NRI Demat Account - STT Charges

Equity Delivery

0.1% on buy & sell

Equity Intraday

NA

Equity Future

0.0125% on sell

Equity Option

0.0625% on sell (on premium)

Commodity Future

NA

Commodity Option

NA

Currency Future

NA

Currency Option

NA

Fyers NRI Trading Account - Stamp Duty Charges

Equity Delivery

0.015% on buy

Equity Intraday

NA

Equity Future

0.002% on buy

Equity Option

0.003% on buy

Commodity Future

NA

Commodity Option

NA

Currency Future

NA

Currency Option

NA

Fyers NRI Account - Transaction Charges

Equity Delivery

0.00325% (NSE) 0.00375% (BSE)

Equity Intraday

NA

Equity Future

0.0019% (NSE & BSE)

Equity Option

0.05% (on premium)

Commodity Future

NA

Commodity Option

NA

Currency Future

NA

Currency Option

NA

Fyers NRI Account - Pledge & Margin Charges

Pledge Creation Charges

Nil

Pledge Invocation Charges

Nil

Interest on Margin Trading

Nil

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Fyers NRI Account Hidden Charges

SEBI Turnover Charges

Rs.10/ Crore (All Segment)

DP Charges

Rs.15 per Scrip on Sell

GST

18% on (Brokerage + SEBI + Transaction charges)

Account Closure Charges

Nil

Reactivation Charges

Nil

Dematerialisation Charges

Nil

Call & Trade Charges

Rs.50 per Trade


Fyers NRI Account Review – Conclusion

Before opening a demat account with the company, an NRI needs to know all the critical facts we have compiled in this Fyers NRI Account Review.

We discussed all the possible pros and cons of the stockbroker, and the decision rests with you on whether you’d like to proceed with it for your trading business in the Indian stock market.

All potential investors can consider Fyers a reliable stockbroking firm because of its experience and service in the industry so far.


FAQs on Fyers NRI Account Review

Here, we have composed some of the frequently asked questions related to the Fyers NRI account:

How do you open an NRI Demat Account in Fyers?

You must have the required documents to open an NRI demat account in Fryers. However, opening an NRI account online takes less than 5 minutes.

How to Convert Fyers Account to NRI?

Converting a Fyers account to an NRI is pretty simple. You must complete a form and submit it to the stockbroker for future processing.

What is AMC for NRIs in Fyers?

Unlike most of its peers, Fyers also doesn’t charge any amount to maintain the account of the NRI. This means NRI can maintain the NRI account free of charge.

What is Account Opening Fees for NRIs in Fyers?

At Fyers, NRIs do not need to pay any account opening fee. They can open an account freely, and deactivation and reactivation are free.

Which assets are restricted from trading in Fyers for NRIs?

Fyers does not support trading in a few segments, and NRIs are restricted from trading in those segments. They are intraday equity, commodity futures, commodity options, and currency futures.

Can an NRI invest in a Mutual Fund in Fyers?

Yes, absolutely. An NRI can happily invest in mutual funds with Fyers. Though there is no dedicated app, you can use the web platform to invest in funds at Fyers.

What is the Brokerage for Fyers NRI?

At Fyers, brokerage charges are affordable. The firm accepts Rs.50 per trade for equity delivery and Rs.50 per trade for equity options and futures.

Can Fyers NRI Account be Opened Online?

Yes, it is possible to open an NRI account online with Fyers. The clear-cut procedure is given on the page above.

What is the Helpline Number for Fyers NRI?

For any queries, NRIs can contact the official helpline number of Fyers, i.e., 080-60001111.

Which documents are required to open a Fyers NRI Account?

A dedicated section on this page specifies the documents required to open a Fyers NRI account. Keep them ready while opening the account online.


 

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