Fyers is a Private Discount Broker in India, established in 2015, and headquartered in Bangalore. Over the years, the broker has positioned itself as a reliable platform for traders and investors looking for a seamless and cost-effective trading experience in the Indian stock market. Through its advanced trading ecosystem, Fyers enables users to participate in Equity, Commodity, Currency and Futures & Options, providing access to major exchanges like NSE and BSE. The platform is designed to cater to both beginners and experienced traders by offering an intuitive interface, fast order execution, and essential tools required for market analysis and decision-making. In addition to trading services, the broker focuses on delivering a smooth user experience through its technology-driven platforms, ensuring that users can track market movements, manage portfolios, and execute trades efficiently. Its offerings are structured to meet the evolving needs of modern investors who seek flexibility, transparency, and performance in their trading journey.
Fyers stock broker is backed by Fyers Capital Limited, a reputed public company promoted by the founders of none other than IIFL. The broker started its operations in 2015. The stockbroker reached new heights of success quickly which is an example for others.
Fyers has headquarters in Bangalore. The stockbroking company was founded by Tejas Khoday, Shreyas Khodey & Yashas Khodey. The stockbroker offers different subscription plans – Regular, Power Investor, and Ultra Trader.
Since its inception, the stockbroker has established itself as a competitive Discount Broker by providing a user-centric trading platform, reasonable brokerage, and high-end research tools. Along with this, Fyers offers steadfast customer support and educational support, making it a great choice for investors and traders.
Fyers A Comprehensive Company Overview
| Company Overview | Fyers |
|---|---|
| Company Type | Private |
| Broker Type | Discount Broker |
| Headquarters | Bangalore |
| Founder | Tejas Khoday, Shreyas Khodey & Yashas Khodey |
| Establishment Year | 2015 |
Fyers has Free account opening charges for both trading and Demat accounts. For trading account, the AMC charges are Free but the AMC for the Demat Account is Rs. Free (limited period offer).
If you are looking to invest in stock through Fyers, you would have to open a 2-in-1 account which includes a Demat account and a trading account.
Account Opening and Demat Charges
| Broker | Fyers |
|---|---|
| Trading Account Opening Charges | Free |
| Demat AMC (Annual Maintenance Charges) | Free (limited period offer) |
| Depository |
The brokerage refers to an amount that is charged by a stockbroker against the services offered.
Brokerage of Fyers
| Brokerage | Fyers |
|---|---|
| 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 |
To provide assistance to traders and investors in the utilization of margin money for trading, Fyers offers margin exposure. You may manage bigger holdings with lesser sums of money when you use margin money. You can increase your trading potential and seize market opportunities with this product.
Fyers Exposure
| Exposure | Fyers |
|---|---|
| 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 |
Apart from charging brokerage charges, there are several other charges levied by Fyers. These charges come under the purview of other charges. These include stamp duty, STT, SEBI turnover charges, GST, transaction charges, and others. As an investor or trader, you must need to be aware of these charges before going ahead.
Other charges of Fyers
| Charges | Fyers |
|---|---|
| STT Equity Delivery | 0.1% on buy & sell |
| Stamp Duty Equity Delivery | 0.015% on buy |
| Transaction Charges Equity Intraday | 0.00325% (NSE) 0.00375% (BSE) |
| STT Equity Intraday | 0.025% on sell |
| Stamp Duty Equity Intraday | 0.003% on buy |
| Transaction Charges Equity Futures | 0.0019% (NSE & BSE) |
| STT Equity Future | 0.0125% on sell |
| Stamp Duty Equity Future | 0.002% on buy |
| Transaction Charges Equity Options | 0.05% (on premium) |
| STT Equity Options | 0.0625% on sell (on premium) |
| Stamp Duty Equity Options | 0.003% on buy |
| SEBI Turnover Charges | Rs.10/ Crore (All Segment) |
| GST | 18% on (Brokerage + SEBI + Transaction charges) |
Fyers offers different trading platforms for both mobile and desktop users. All these trading platforms are high on user-friendliness and advanced features. Whether you are new to stock trading or a seasoned trader, these trading platforms offer exemplary trading experience. Some of the features offered by Fyers trading platforms are:
Fyers – Trading Platforms
| Trading Platforms | Fyers |
|---|---|
| Android App | Fyers Android App Link |
| iOS App | Fyers iOS App Link |
| Web Trading Platform | Fyers Web Trading Link |
| 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 |
In order to entice investors, a lot of stockbrokers make alluring offers. For instance, some might provide a free account opening procedure, while others might provide free trading and delivery. Brokers utilize these offerings to set themselves apart from the competition and to draw in new business while keeping hold of their current clientele. Brokers increase the desirability of their services in comparison to rivals by emphasizing these advantages.
Fyers Offers
| Offers | Fyers |
|---|---|
| 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 |
Additionally, Fyers provides sophisticated trading tools for both novice and seasoned traders. From fundamental elements like portfolio tracking and real-time market data to more sophisticated choices like investment research, tailored recommendations, and charting tools, these features cover the gamut.
Comparison of Fyers – Trading Features
| Trading Features | Fyers |
|---|---|
| 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 |
The platform offers numerous financial services. Core services include trading in stocks, derivatives, and IPOs. The platform also offers in-depth market research, investment recommendations, and tools to help traders make informed decisions. For those seeking more hands-on management, Fyers provides portfolio management services as well. While it doesn't offer a traditional 3-in-1 account, it covers most other essential financial services.
Fyers – Services Provided
| Services Provided | Fyers |
|---|---|
| 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 |
For traders and investors, Fyers offers a comprehensive range of financial products and investment solutions designed to suit different trading styles and experience levels. With its platform, users can actively participate in stocks, futures & options, currency trading, commodity trading, foreign equities and mutual funds, enabling them to explore multiple opportunities in the financial markets. The broker focuses on providing a smooth and efficient trading experience through its technology-driven platforms, helping users execute trades quickly and monitor market movements effectively. It is particularly suitable for both beginners and active traders who are looking for flexibility, cost-effective trading, and access to essential market tools. In addition to trading, the platform also supports long-term wealth creation by offering investment options like mutual funds, allowing users to diversify their portfolios and reduce risk exposure. Furthermore, it provides access to international markets through foreign stock investments, giving investors an opportunity to expand beyond domestic equities. Overall, Fyers aims to deliver a balanced trading and investment ecosystem by combining multiple asset classes, user-friendly platforms, and essential tools to meet the needs of modern investors.
Fyers – Products Provided
| Products Provided | Fyers |
|---|---|
| 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 provides strong customer service to guarantee a seamless and trouble-free experience for its customers. For assistance with any questions or problems, their committed support staff is accessible via phone, email, and live chat.
Customer Support of Fyers
| Customer Support | Fyers |
|---|---|
| Trading Support | Available, Chargeable |
| Dedicated Dealer | NA |
| Call Support | 080-60001111 |
| Email Support | [email protected] |
| Whatsapp Support | NA |
| Website Support | Website Link |
| Facebook Support | Facebook Support Link |
| Twitter Support | Twitter Support Link |
| Telegram Support | Telegram Support Link |
| Branches / Offices | NA |
The BSE and NSE regularly receive and address complaints in order to maintain a rigorous check and balance on fair-trade opportunities for all traders and investors. Investors have the option to file complaints regarding brokers, trading members, and index-listed businesses. In order to address them, the BSE and NSE give them a deadline to correct their error; if they don't, harsh action is taken against them. The total number of complaints filed with the BSE or NSE is listed below. You may also see the percentage of those complaints that were settled. Another helpful indicator to evaluate a stock broker is the proportion of lodged vs resolved cases.
Fyers Complaints
| Complaints | Fyers |
|---|---|
| Total Complaints Lodged | 132 |
| Total Complaints Resolved | 118 |
| % of Resolved Complaints | 89.39% |
| Non Actionable Complaints | 10 |
| % of Non Actionable Complaints | 7.58% |
Traders and investors generally prefer Fyers because of its easy account opening process, reliable trading platforms, and transparent brokerage structure. Based on user feedback and industry experience, here is the overall trading experience with Fyers.