Fyers Securities is an online discount stock broker based in Bangalore. At the NSE, Fyers provides trading in the Equity Cash, F&O, and Currency Derivatives segments. FYERS is an acronym that stands for ‘Focus Your Energy & Reform the Self,’ and it represents the company’s core values.
The company was founded by young entrepreneurs who believe in creating the best trading platforms, being transparent, and keeping trading costs as low as possible in India.
Fyers is an Indian stockbroker with low commissions. They are one of the most affordable stock brokers available online. Fyers’ simple pricing model allows for trading across segments for the same flat brokerage fee of up to Rs 20 per executed order. Fyers charges a maximum of Rs 20 per executed order, regardless of the size of the order. Fyer does not charge any brokerage fees in the Equity Delivery segment.
Fyers – Company Highlights
| Headquarters | Bengaluru |
| Industry | Finance, Stock Exchange |
| Founders | Tejas Khoday |
| Founded | 2015 |
| Registered client | 172,712 |
| Website | Fyers.com |
Fyers Account Opening Charges
| Transaction | Charges |
| Account opening charges | Free |
| Amc charges | Free |
Fyers Brokerage Charges
| Fyers Charges | Equity Delivery | Equity Intraday |
| Brokerage | Rs 0 (Free) | Rs 20 per executed order or 0.03% (whichever is lower) |
| STT | 0.1% on both Buy and Sell | 0.025% on the Sell Side |
| Transaction / Turnover Charges | NSE: 0.00325% | NSE: 0.00325% |
| Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
| Stamp Charges | 0.015% (Rs 1500 per crore) on buy-side | 0.003% (Rs 300 per crore) on buy-side |
Fyers Advantages & disadvantages
Fyers Pros (Advantages)
Fyers has the following advantages. Before opening an account with Fyers, you should read the benefits and drawbacks. Fyers pros and cons can help you determine if it is a good investment for you.
- Free online account creation.
- Trading in free equity delivery. There is no brokerage for cash and carry trades.
- A discount stock broker with extremely low brokerage. Fyers charges a maximum brokerage of Rs 20 per trade across all trading segments and regardless of the size of the trade.
- In-house build trading platform offers flexibility to quickly implement new features/services.
- There are no hidden fees. Fees and charges are very clear
- All trading software is provided free of charge.
- Account with a single margin.
- Fyers’ unique offering of thematic investment allows customers to invest in groups of stocks. The businesses are grouped together (as a theme) based on concepts (certain criteria).
- Demat account without POA.
- Refer your friends and you will receive 20% of their revenue for life!
Fyers Disadvantages
- Exchange transaction fees are higher than those charged by other discount brokers.
Fyers Complaint
| Exchange | Financial Year | Number of Clients* | Complaints** | % |
| NSE | 2022-23 | 172,712 | 159 | 0.09% |
| BSE | 2022-23 | 14,683 | 3 | 0.02% |
Additional information
| Offline no. brokerage / registered AP. | NA |
| Research & advisory services | NA |
| Referral amount | 20% of the Brokerage |
| API charges | Free |
| Call & Trade charges | Rs. 50 per order |
