Fyers
Discount Broker
About Broker
Founded in 2015 by the Khoday brothers, FYERS is one of the newer entrants in the discount broking market. As of February 2024, FYERS has an active client base of 219,169.
Product Basket
The segments in which you can invest (includes Equity, Commodity, Currency, Futures and Options) through this broker
Brokerage Plan
1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.
Charges
account opening
Freeaccount maintenance
Freecall trade
₹50Brokerage
equity delivery
Zeroequity intraday
0.03% up to Rs 20equity futures
0.03% up to Rs 20equity options
₹20 per ordercurrency futures
0.03% per ordercurrency options
₹20 per ordercommodity futures
0.03% per ordercommodity options
₹20Margins
Equity Delivery
1x As per exchangeEquity Intraday
5x As per exchangeEquity Futures
1x As per exchangeEquity Options
1x As per exchangeCurrency Futures
1x As per exchangeCurrency Options
1x As per exchangeCommodity Futures
1x As per exchangeCommodity Options
1x As per exchangePlatforms Offered
Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.
Other Details
Advantages and Strengths of this broker.
Fyers offers a unified margin account that enables users to utilize funds from the same pool for various asset classes.
Traders on Fyers can place orders, track profit and loss, access support and resistance levels, and view corporate actions directly from the charts.
The platform boasts the largest collection of historical data on stocks, spanning up to 25 years.
Fyers provides a wide range of time frames for analyzing stock price highs and lows, including 1 day, 5 days, 1 month, 3 months, 6 months, 1 year, and Year to Date.
Disadvantages of this broker that it needs to improve upon.
Fyers lacks candlestick indicators for trading purposes.
The platform does not offer screeners for investors or traders.
In options trading, Greeks are not displayed on the chart itself.
Unlike some competitors that offer Whatsapp support for ensuring callbacks, Fyers does not provide this feature.
Additional Features
Extra features provided by the broker at little or no extra cost. Like research reports, SMS alerts etc.
Other Investment Options
Services provided by the broker for investing in other financial assets such as Mutual funds, Insurance, Bonds etc.
Equily Charges
transaction charges
BSE: 0%
NSE:
clearing charges
--
dp charges
Sell-side, ₹ 7 & ₹ 5.5 CDSL
gst
18% on Brokerage + Transaction
stt
0.1%
sebi charges
₹ 10/Crore
transaction charges
BSE: 0%
NSE:
clearing charges
--
dp charge
--
gst
18% on Brokerage + Transaction
stt
0.025% sell side
sebi charges
₹ 10/Crore
transaction charges
BSE: 0%
NSE:
clearing charges
dp charge
--
gst
18% on Brokerage + Transaction
stt
0.01 sell side%
sebi charges
₹ 10/Crore
transaction charges
NSE:
clearing charges
dp charge
--
gst
18% on Brokerage + Transaction
stt
0.05% sell side
sebi charges
₹ 10/Crore
