Fyers Securities is a Bangalore based discount stock brokerage firm. It was founded in 2015 by very young entrepreneurs Mr.Tejas Khoday, Mr. Yashas Khoday, and Mr. Shreyas Khoday. Fyers represents the value of “Focus Your Energy & Reform the Self”.
Fyers is one of the fastest-growing brokerage firms in India. As per NSE, Fyers has around 190000 active client accounts out of around 4 lakh clients.
Fyers offers the lowest brokerage in India. It offers zero brokerage in Equity delivery trades and Thematic Investment. For Equity Intraday, Futures & Options, Currency, and Commodity it offers flat brokerage of Rs 20 per executed order. Up to 20x margin provided by Fyers.It offers free Annual maintenance charges for the Demat account.
Fyers provides Fyers One, Fyers web trader, and Fyers Markets to its clients for trading.
Fyers One is .exe based software. Fyers Mobile is a mobile trading app that is available in android and iOS versions. Fyers Web is a web-based platform.
Fyers takes very low service charges from its clients in terms of brokerage. They charge a maximum brokerage of Rs 20/- or 0.03% per executed order whichever is low.
Segment | Fyers Brokerage Charges |
Equity Intraday | Rs. 20 per executed order or 0.03% (whichever is lower) |
Equity Delivery | Rs. 0 |
Equity Futures | Rs. 20 per executed order or 0.03% (whichever is lower) |
Equity Options | Rs. 20 per executed order |
Currency Futures | Rs. 20 per executed order or 0.03% (whichever is lower) |
Currency Options | Rs. 20 per executed order |
Commodity Futures | Rs. 20 per executed order or 0.03% (whichever is lower) |
Commodity Options | Rs. 20 per executed order |
Fyers Charges | Equity Intraday | Equity Delivery | Equity Futures | Equity Option | Currency Futures | Currency Options | MCX Futures | MCX Options |
STT/CTT | 0.025% on the sell side | 0.1% both buy & sell | 0.01% on sell side | 0.05% on sell side (on premium) | No STT | No STT | 0.01% on sell side | 0.05% on the sell side |
Turnover Charges | 0.00325% (NSE) | 0.00325% (NSE) | 0.0019% (NSE) | 0.05% (NSE) | 0.00115% (NSE) | 0.04% (NSE) | 0.0026% (NSE) | |
Clearing Charge | N/A | N/A | 0.0005% | 0.009% | 0.0005% | 0.009% | 0.0018% | 0.05% |
GST | 18% | 18% | 18% | 18% | 18% | 18% | 18% | 18% |
Stamp Duty | 0.003% | 0.015% | 0.002% | 0.003% | 0.0001% | 0.0001% | 0.002% | 0.003% |
Sebi Fee | 0.00005% | 0.00005% | 0.00005% | 0.00005% | 0.00005% | 0.00005% | 0.00005% | 0.00005% |
Fyers gives an opportunity to its clients to trade with higher intraday margins. Fyers gives up to 20 times intraday exposure to clients on their account balance.
Segment | Intraday | Overnight Positions | ||
MIS | C/O | B/O | ||
NSE Cash | Upto 10x | 20x | 20x | 1x |
BSE Cash | Upto 8x | 1x | 1x | 1x |
Equity/Index Futures | 3x | 3x | 3x | 1x |
Equity/Index Options Buying | 1x | 1x | 1x | 1x |
Equity/Index Options Writing (Selling) | 3x | 3x | 3x | 1x |
Currency Futures | 3x | 3x | 3x | 1x |
Currency Options Buying | 1x | 1x | 1x | 1x |
Currency Options Writing | 3x | 3x | 3x | 1x |
MCX Futures | 3x | 3x | 3x | 1x |
MCX Options | N/A | N/A | N/A | 1x |
Fyers offers an online account opening with a DIY (Do It Yourself) facility. Also, clients can share their contact details (Name, Email, and Mobile Number) for assistance in online account opening.
All documents should be self-attested.
Mobile number should be linked with Aadhar Card
Online account opening process takes maximum 24 hours to open a new account.
To open an account offline, clients need to send physical account opening forms with required documents to Fyers office address. Offline process takes 48 hours to open an account.
Fyers provides 3 trading platforms for traders and investors in India which are Fyers One, Fyers Markets and Fyers Web.
Despite being new in the market compared to other stock brokers, Fyers has made a lot of progress.
Fyers lowest brokerage model and thematic investments attract clients. But their call and trade and auto-square off charges cannot be ignored. Still, Fyers demat is a good option to invest in the stock market.