Check out unbiased Fyers Review here. Founded in 2015, Fyers Securities is a private online discount broker.

Tejas Khoday, Yashas Khodey, and Shreyas Khodey are the co-founders of this Bangalore-based company. Fyers is abbreviated for ‘Focus Your Energy & Reform the Self.’

With low Fyers Charges, you can trade and invest in Equity, Future & Option, Cash, Derivatives, and Currency at NSE, BSE, MCX, and CDSL.

The main idea behind incorporating the firm was to build a transparent and low-trading cost platform.

The Fyers Review covers everything from charges, trading platforms, SWOT analysis, Demat account, and more.

Broker Type Discount Broker
Active Clients 1.62 Lakh+
Account Opening Charges Free
AMC Free (limited period offer)
Delivery Charges Free
Intraday Charges Rs.20 per Trade or 0.03% (whichever is Low)

Fyers - Company Overview

Company Type

Private

Headquarters

Bangalore

Founder

Tejas Khoday, Shreyas Khodey & Yashas Khodey

Establishment Year

2015

Why Trade or Invest with Fyers?

Below explained are the reasons to open a Fyers Account to trade or invest with the firm:

  • It’s among the leading online discount brokers that charge ultra-low brokerage. Fyers charge Rs.20 for each trade or 0.03% (whichever is lower) brokerage to trade in different investment options, regardless of the trade’s size.
  • Thematic investment is the brokerage house’s unique offering. Customers can choose from hundreds of pre-defined themes to invest in the stock market. Each theme features a set of stocks based on specific ideas.
  • Fyers provides multiple flexible in-house build trading platforms that allow users to implement new features and services quickly.

Fyers Brokerage Charges

Brokerage Plan

Standard Plan

Subscription Charges

Zero

Equity Delivery

Free

Equity Intraday

Rs.20 per Trade or 0.03% (whichever is Low)

Equity Future

Rs.20 per Trade or 0.03% (whichever is low)

Equity Option

Rs.20 per Trade

Commodity Future

Rs.20 per Trade or 0.03% (whichever is low)

Commodity Option

Rs.20 per Trade

Currency Future

Rs.20 per Trade or 0.03% (whichever is low)

Currency Option

Rs.20 per Trade

You can avail of the ‘Standard’ Fyers Brokerage plan at zero subscription charges. Moreover, traders and investors can leverage Equity Delivery with no charges.

Regarding Equity Intraday, Equity Future, Commodity Future, and Currency Future, Fyers charges Rs.20/trade or 0.03% brokerage, whichever is the lower amount.

Furthermore, it charges Rs. 20/trade brokerage for Equity, Commodity, and Currency Option.


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How to Open Fyers Demat Account?

Here is the step-wise process for opening the Fyers Demat Account:

  1. First, fill out our form as given below to get expert advice.
  2. Next, visit the Flyers website and click the ‘Sign Up Now’ tab.
  3. Enter your mobile number and email and receive an OTP to verify these details.
  4. Next, upload your PAN card or KYC documents to submit your identity details.
  5. You can fetch KYC documents from DigiLocker by providing your Aadhaar card number and OTP.
  6. Provide personal information and address proof.
  7. Select the choice of the segment by adding bank account details.
  8. Upload your photo and sign. Moreover, you need to sign the form digitally.
  9. Complete the live video or in-person verification process.

Types of Fyers App, Trading Platforms & Tools

Web Trading Platform

Trading Terminal

Available

Algo Trading Platform

Available

Foreign Stocks Trading Platform

NA

Basket Trading Platform

Available

Mutual Fund Investment Platform

Available

Digital Gold Investment Platform

NA

Bonds Investment Platform

NA

Flyers 2.0 mobile trading app is an updated version available on Android and iOS smartphones.

This updated version loads much faster on mobile devices and has more compelling features with an enhanced user interface.

In addition to Fyers App, the company provides a platform for investing in mutual funds along with Algo, Foreign Stocks, and Basket trading platforms.

A user can use any of these trading platforms free of cost.

Fyers App, Trading Platforms & Tools - Features

Wishlist

Yes

Real Time Updates

Yes

Portfolio Details

No

Online MF Buy

No

Research Reports

Yes

Global indices

No

Customised Recommendations

Yes

Stock tips

Yes

Interactive charts

Yes

Live market

Yes

Multi Profile Management

No

Robust & Secure Platform

Yes

Fyers offer one-of-its-kind mobile-based, web-based, and desktop trading platforms. All these trading platforms contribute majorly to the Fyers Review.

Fyers App

Mobile trading enables clients to trade and invest anytime, anywhere. Fyers have developed a new app version, i.e., Fyers 2.0 App.

This app features an improved user interface with a faster load time. Moreover, you can avail of more compelling features.

Here are some of its fundamental features:

  • The app contains over 24 years of historical data and 4+ years of intraday charts information.
  • You can access over 100 technical indicators.
  • The app is completely synced with the company’s web platform.
  • In addition, it facilitates unlimited watchlists with over 30 pre-defined watchlists.
  • You can analyze real-time market data and view 8 charts on one screen.
  • The 2.0 version offers advanced option chain analytics with Theta, delta, Rho, Gamma, and Vega.

Fyers One

Fyers One is a terminal trading software that simultaneously enables technical and fundamental trading. There is no need to install or upload this application on the computer.

Here are some attractive features of Fyers One:

  • It facilitates 10+ years of historical EOD data with 60+ indicators.
  • You can access an advanced graphic chart functionality for 30 days of Intraday.
  • Stock Screeners functionality is available to research, track, and filter stocks according to the trader’s preferences.
  • Real-time stock market and exchange updates and important board meeting announcements.
  • Fyers One is a fast and accurate software for trading Derivatives.
  • One-click trading feature considers the time aspect of trade and enables users to place an order with a single click.

Fyers Web Trader

The Fyers Web Trader is a lightweight, compact trading app that offers minimal features to provide a more straightforward and seamless trading experience.

  • Some of its fundamental features are as follows:
  • Portfolio monitoring is available with resource allocation.
  • Advanced charts with over 70 indicators.
  • Calculator to calculate SIPs of innovative stocks.
  • Intraday traders can access price ladder trading.
  • You can place, cancel, alter, and keep track of your trades via the charts.
  • Inbuilt automatic option technique that makes it easier to understand.

Fyers Thematic Investing

The theme behind Thematic investment is ‘investing in ideas.’ Rather than investing in individual stocks, the firm offers personalized portfolios and themes that clients can select to invest in the stock market.

Here are some basic features of Thematic Investing:

  • It is available for free, without any fixed subscription fees.
  • Moreover, there are no commitments or hidden charges.
  • The diverse landscape of investment help traders diversify their investment strategies and problems.

Fyers Offers

Free Account Opening

Yes

Free AMC

Yes

Free Brokerage

Yes, Limited

Flat Brokerage

Yes

Flexible Brokerage Plans

No

Happy Trading Hours

No

Free Delivery Trading

Yes

Free Intraday Trading

No

Free F&O Trading

No

Free Research Reports

No

Free Trading calls

No

Referral Offers

20% of Revenue

Margin Funding / Pledging

Yes

Brokerage Cashback

No

Zero Brokerage for Loss Making Trades

No

One of the most lucrative Fyers offers is free account opening and maintenance facilities. In addition, you can avail of these attractive offers:

  • Free but limited brokerage.
  • Flat brokerage plans make trading more cost-effective.
  • Flyers don’t charge for Intraday and F&O trading.
  • Earn 20% of revenue as the firm’s referral agent.
  • The organization facilitates margin funding and pledging.

Fyers SWOT Analysis

Find out the SWOT Analysis of Fyers below.

Strength

  • The firm offers free and flat brokerage.
  • Provides a single margin account enabling traders and investors to use funds from a single pool for different asset classes.
  • Clients can access the most extensive collection of historical EOD data on stocks.
  • With the Fyers trading platform, you can leverage a wide selection of time frames for stock’s high and low prices.
  • You can generate additional income by participating in Fyers’ referral program.

Weakness

  • Non-availability of foreign stock trading platforms makes trading in foreign financial products difficult.
  • There is no free Intraday and F&O Trading.
  • The firm doesn’t provide stock research or recommendations.

Opportunities

  • Fyers can include Banking, Insurance, Bonds, or Digital Gold in its product breadth.
  • Offering NRI Services is a great way to attract international clients.
  • Releasing IPO Reports will help traders and investors learn about companies undergoing Initial Public Offering.

Threat

  • Full-service discount brokers having a diverse product breadth constitute a significant threat.
  • Limited technological innovation can lead to a shutdown in this technologically evolving age.
  • Strict SEBI rules and regulations.

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Fyers Review - Products Offered

Equity Delivery

Yes

Equity Intraday

Yes

Equity Option

Yes

Equity Future

Yes

Commodity Option

Yes

Commodity Future

Yes

Currency Option

Yes

Currency Future

Yes

Foreign Stocks

No

Mutual Funds

Yes

Banking

No

Insurance

No

Corporate Bonds

No

Govt. Bonds

Yes

Digital Gold

No

Fyers Review - Services Provided

Demat Services

Yes

Trading Services

Yes

Intraday Services

Yes

F&O Services

Yes

IPO Services

Yes

3 in 1 Account

No

Stock Research

No

Stock Recommendations

No

Trading Institution

Yes, School of Stocks

Share Pledging

Yes

PMS or PCG

No

NRI Services

No

Fyers Research & Advisory

Fundamental Reports

Yes

Research Reports

Yes, chargeable

Company Reports

Yes, chargeable

Annual Reports

No

IPO Reports

No

Technical Reports

No

Stock Tips

Yes, chargeable

Daily Top Stock Picks

Yes, chargeable

Daily Market Review

Yes, chargeable

Monthly Review

No

Weekly Review

Yes, chargeable

Relationship Manager

No

Robo Advisory

No

Traders and investors with Fyers Trading Account can have limited and chargeable research support.

  • Fundamental reports are available to provide information about stock market trends, different stock pricing, and the company’s financial statements.
  • Research and company reports are available only to the clients ready to pay for them.
  • Furthermore, you can also make profitable investments with expert stock tips, daily top stock picks, and daily or weekly market reviews. Remember that these research support facilities are also chargeable.

Fyers Margin or Exposure or Leverage

Equity Delivery

1x

Equity Intraday

Upto 5x (Depends on Stocks)

Equity F&O Carry Forward

1x

Equity F&O Intraday

1.3x

Commodity F&O Carry Forward

1x

Commodity F&O Intraday

1.3x

Currency F&O

1x

As a trader, you can keep the following Fyers Margin or leverage or exposure:

  • The exposure for Equity Delivery is 1x.
  • The company offers up to 5x margin or exposure to trade in Equity Intraday.
  • For trading in Equity F&O in the Carry Forward and Intraday market, Fyers offer 1x margin or exposure.
  • 1x is the exposure for Commodity F&O Carry Forward and Currency F&O.
  • You can get 1.3x exposure to trade in Commodity F&O Intraday.

Fyers Review - Programs

Sub Broker Program

Yes, Limited

Partner Program

Yes

Referral Program

Yes

Fyers Review & Rating by Finec.in

Overall Rating

8.20 / 10

Customer Support

8.16 / 10

Technology

8.29 / 10

Charges

8.23 / 10

Products & Service

8.15 / 10

Experience

8.13 / 10

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Fyers Customer Support

Trading Support

Available, Chargeable

Dedicated Dealer

NA

Call Support

080-60001111

Email Support

support@fyers.in

Whatsapp Support

NA

Website Support

Facebook Support

Twitter Support

Telegram Support

Branches / Offices

NA

You can contact Fyers Customer Care support desk via multiple channels, like the helpline number, email, social media, and website.

Always remember that Fyers’ customer support lines close by 5 pm on Saturday. In addition, you can’t access branch-based support.

The broker’s customer care helpline number is 080-60001111, and its email id is support@fyers.in.

Moreover, you can also reach out for customer support on WhatsApp, Facebook, Telegram, and Twitter.

Fyers Complaints & Feedback

Total Complaints Lodged

132

Total Complaints Resolved

118

% of Resolved Complaints

89.39%

Non Actionable Complaints

10

% of Non Actionable Complaints

7.58%

You should research the total registered and resolved complaints to decide whether to trade or invest with the company.

Last year, the total Fyers Complaints lodged were 132, and 118 were fixed. Resolved complaints percentage was 89.39% which is quite decent.

The firm received 10 non-actional complaints. Therefore, 7.58% of total complaints were non-actionable.


Fyers Charges

Here is the list of fees charged by Fyers.

Account Opening Charges

  • Account opening and maintenance are free of cost. However, AMC is free for a few years.

STT & CTT Charges

  • STT & CTT charges for Equity Delivery on the buy and sell side are 0.1%
  • Equity Intraday’s STT & CTT charges are 0.025% on the sell side.
  • 0.05% is charged for Commodity Option on the sell side.
  • Non-agricultural Commodity Future’s STT & CTT charges are 0.01% on the sell side.

Stamp Duty Charges

Fyers fixes Stamp Duty charges for the buy side of all investment options.

  • 0.015% stamp duty charges for Equity Delivery
  • Equity and Commodity in the Future market are available for 0.002% stamp duty charges.
  • Stamp duty charges for Equity and Commodity in the Options market is 0.003%.

Transaction Charges

Fyers’s transaction charges, according to BSE and NSE, are as follows:

  • Transaction charges for Equity Delivery and Equity Intraday are 0.00325%
  • Equity and Commodity in the Options market can be transacted for 0.05% charges.
  • You can transact Currency Option by paying 0.035% transaction charges.

Pledge Charges

  • Fyers don’t levy Pledge Creation and Invocation Charges and Interest on Margin Trading.

Fyers Hidden Charges

  • SEBI Turnover Charges for the firm’s clients are Rs. 10 per crore for all segments.
  • It charges 18% GST by considering Brokerage, SEBI, and Transaction charges.

Fyers Account Opening Charges

Account Opening Charges

Free

Annual Maintenance Charges (AMC)

Free (limited period offer)

Fyers STT & CTT Charges

Equity Delivery

0.1% on buy & sell

Equity Intraday

0.025% on sell

Equity Future

0.0125% on sell

Equity Option

0.0625% on sell (on premium)

Commodity Future

0.01% on sell (Non-Agri)

Commodity Option

0.05% on sell

Currency Future

Nil

Currency Option

Nil

Fyers Stamp Duty Charges

Equity Delivery

0.015% on buy

Equity Intraday

0.003% on buy

Equity Future

0.002% on buy

Equity Option

0.003% on buy

Commodity Future

0.002% on buy

Commodity Option

0.003% on buy

Currency Future

0.0001% on buy

Currency Option

0.0001% on buy

Fyers Transaction Charges

Equity Delivery

0.00325% (NSE) 0.00375% (BSE)

Equity Intraday

0.00325% (NSE) 0.00375% (BSE)

Equity Future

0.0019% (NSE & BSE)

Equity Option

0.05% (on premium)

Commodity Future

0.0026% (Non-Agri)

Commodity Option

0.05% (Non Agri)

Currency Future

0.0009% (NSE)

Currency Option

0.035% (NSE)

Fyers Pledge Charges

Pledge Creation Charges

Nil

Pledge Invocation Charges

Nil

Interest on Margin Trading

Nil

Fyers 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 Review – Conclusion

The discount broker has evolved reasonably well in such a short period, majorly due to well-functioning trading platforms and quick customer support service.

The firm’s active clients appreciate its innovative approach to technology.

Moreover, Fyers cover some top-performing financial products, including Stocks, Currency, Derivatives, Cash, F&O, etc. Traders and investors can also leverage flat, ultra-low brokerage plans.

Overall, Fyers Review proves it is one of the well-growing brokerage houses in India.


FAQs on Fyers

Here are various FAQs related to Fyers Review.

Is Fyers a Safe Broker?

Fyers is a trust discount broker of SEBI that lets its clients trade at NSE, BSE, MCX, and CDSL.

There are multiple reasons why Fyers is a safe discount broker, including no debts, transparent brokerage charges, no proprietary trading, and standard policies.

Is Fyers Good for Beginners?

A new trader or investor often looks for low brokerage, robust analysis tools, trading and investing guidance, and quick customer support service.

Fyers is a good discount broker that covers all these requirements of newbie traders and investors.

How many active clients does Fyers have?

More than 1.62 active clients are trading and investing with Fyers.

Who is the Founder of Fyers?

Tejas Khoday, Yashas Khodey, and Shreyas Khodey are the co-founders of Bangalore-based Fyers.

Do Flyers provide Free Delivery Trading?

Fyers’ active clients can opt for delivery trading without paying a single penny.

What are Intraday Trading Charges in Fyers?

Regarding Equity Intraday, Fyers charges Rs.20/trade or 0.03% brokerage, whichever is the lower amount.

What are Fyer’s F&O Charges?

Fyers F&O charges for Equity Future are Rs.20/trade or 0.03%, whichever is the lower amount. And for Equity Option, the company charges a fixed amount, i.e., Rs.20 per trade.

Do Flyers Charge for Commodity Trading?

It’s a must for traders to pay for Commodity Trading. The charges for Commodity Future are Rs.20/trade or 0.03%, whichever is the lower amount.

And for Commodity Option, the charges are Rs.20 per trade.

Do Flyers Charge for Currency Trading?

Fyers’ charges for Currency Trading are similar to Equity and Commodity Trading.

You must pay Rs.20/trade or 0.03% (the lower amount) for Currency Future and Rs. 20/trade for Currency Option.

Do Flyers provide Research?

When trading or investing with Fyers, you can have limited and chargeable research support.

The brokerage house provides fundamental research and company reports after charging a fixed amount.

How to contact Fyers Customer Care?

Fyers’ customer care helpline number is 080-60001111, and its email is support@fyers.in.

Moreover, you can also reach out for customer support at the company’s WhatsApp, Facebook, Telegram, and Twitter profile.

How much is AMC in Fyers?

Account Maintenance Charges (AMC) are zero for a limited period.

What are Account Opening Fees in Fyers?

You can open Demat, trading, and NRI account with Fyers without paying from your pocket.

What are Pledge Creation Charges in Fyers?

Fyers do not charge a single penny as Pledge Creation fees.

How much are Pledge Invocation Fees in Fyers?

Pledge Invocation fees in Fyers are nil.

Does Fyers levy any Interest on Margin Trade Funding?

There is no Interest on Margin Trade Funding with Fyers.

What are DP Charges in Fyers?

Fyers’ active clients need to pay Rs. 15 for each Scrip on the sell side as Depository Participant (DP) charges.

Does Fyers levy any Account Closure Fees?

Fyers do not charge any fees for closing the Demat and trading account.

What are Account Reactivation Fees in Fyers?

Traders need not pay a single penny to reactivate their account with Fyers.

What are Call & Trade Charges in Fyers?

Fyers charge Rs. 50 for each trade when a client utilizes Call & Trade facility.


 

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