Fyers Brokers Review
- No brokerage is charged by fyers on cash and carry trades and hence provides free equity delivery trading.
- Trading softwares are free of cost.
- Mobile app available for Android and iOS devices as well.
- Trading platforms are flexible and can adapt to changes quickly.
- Commodity trading is not available.
- Fyers does not offer toll-free customer service.
FYERS ACCOUNT OPENING CHARGES
|Online trading account opening fee||Rs 0|
|Trading Account Annual Maintenance Charge||Rs 0|
|Online demat account opening fee||Rs 0|
|Demat account annual maintenance charge||Rs 400|
FYERS BROKERAGE CHARGES
|Equity Delivery||No brokerage charged|
|Equity Intraday||Rs 20/executive order|
|Equity Futures||Rs 20/executive order|
|Equity Options||Rs 20/executive order|
|Currency Futures||Rs 20/executive order|
|Currency Options||Rs 20/executive order|
FYERS TRANSACTION CHARGES
|Equity Delivery||Rs 325/crore (0.00325%)|
|Equity Intraday||Rs 325/crore (0.00325%)|
|Equity Futures||Rs 240/crore (0.0024%)|
|Equity Options||Rs 5900/crore (0.059%)(on premium)|
|Currency Futures||Rs 240/crore (0.0024%)|
|Currency Options||Rs 5900/crore (0.059%)(on premium)|
LEVERAGE GIVEN BY FYERS
- Intraday Trading- In equity intraday segment, fyers provides up to 16 times leverage. No leverage is given on delivery trades.
- Futures (Index or stocks)-
- Equity and Index futures- 4x of Normal Margin
- Currency Futures- 2x of Normal Margin
- Options- 4x of Normal Margin
FYERS- Focus your energy and reform the self.
Fyers is an online discount stock broker based in Bangalore. Fyers was consolidated in 2015 and is a low stockbroker firm, that is, it is one of the cheapest online stock brokers in India.
Through Fyers’s services, one can invest in the following:
- Mutual funds
Fyers promotes Thematic investing, meaning investing in ideas, that is, an investment made in a group of stocks and not in individuals. Fyers has organized 100s of portfolios based on themes from which customers can choose and invest
Thematic Investing has features such as:
- Themes are free of cost for fyers’s customers.
- Provides more than 100 themes.
- Each theme constitutes less than 20 stocks.
- Overall 1500 stocks included.
FYERS TRADING PLATFORM
Fyers One (Trading Terminal)
- 1 minute
- 5 minute
- 10 minute
- 15 minute
- 30 minute
- 60 minute
- Custom time framesThe platform displays historical data of the last 5 years and also intraday data for the last 30 days.
- Users can add up to 10 market watch lists across different segments, industry, etc.
- Constant market information available on the news, world market, IPO performance and more.
- A feature called Stock Screeners will help you find specific information from a bunch of market information.
- Trading signals are given so that users can make desired investment decisions.
Fyers Market- Mobile App
Upstox pro web is a browser-based application launched by upstox. There is no need to download or install this application and users can get access to trading through this application on any screen such as a laptop, mobile or tablet.
Upstox pro web possesses highly advanced features such as API integration with third-party applications, advanced charts, algo trading and much more that enable users to carry on their analysis and understanding of the market in a proper way, gaining insights into a market in depth.
This also provides an interactive user interface through the use of HTML 5. Also, this application is lightweight and the broker ensures regular updates so that new features and advancements are introduced frequently.
UPSTOX PRO MOBILE APP
FYERS WEB TRADER
Following communication channels are offered by Fyers:
- Phone (9am to 8pm)
- Social media
- Play store
Fyers provide great customer service to its customers. Resolution for the concerned issue is given well on time and turnaround time is quick as well.
HOW TO OPEN AN ACCOUNT
There are 5 steps you need to follow to open a trading and demat account: