Fyers Stock Trading, Demat, Brokerage and Reviews 2020



Fyers Stock Trading, Demat, Brokerage and Reviews 2020


Fyers Account Opening Enquiry/Get a call Back

Incorporated in 2015, Fyers Securities is a Bangalore based online discount stock broker. Fyers offers trading in Equity Cash, F&O and Currency Derivatives segments at NSE. FYERS word is an acronym of "Focus Your Energy & Reform the Self", representing the core values of the company.

The company is founded by young entrepreneurs who believes in building the best trading platforms, being transparent and keeping the cost of trading at its lowest in India.

Fyers is a low brokerage stock broker in India. They are among the cheapest stock broker online. Fyers simple pricing model offers trading across segments for same flat brokerage fee of maximum ₹20 per executed order. No matter how big your order, Fyers charge maximum of ₹20 per executed order. Fyer doesn't charge any brokerage in Equity Delivery segment.

Fyers offer in-house build web trading platform, installable desktop trading terminal and mobile trading app, all for free to its customers.

Thematic Investing at FYERS

Thematic (pronounced as THe'madik) Investment is about "investing in ideas" (i.e. group of stocks related to the idea) instead of choosing individual stocks. Fyers offers 100's of predefined themes (or portfolios) which customer can choose from to invest in stock market. Each theme has set of stocks which relates to the idea.

The closest comparison of thematic investment is Exchange Traded Funds (ETF's). The thematic investment offers lot more flexibility over etf's as the companies to invest in a theme are identified by the broker, fund-manage or even a group of people in a community.

How does Thematic investing works?

  • The broker provides set of themes representing ideas i.e. I want to invest in industries in Gujrat.
  • The broker identifies a list of companies matching the theme. Each theme includes number of stocks.
  • Investor choose a theme and invest in it.
  • The broker invest the money in to the individual stocks part of the theme in the proposition identified in theme.

Example:

  • Theme: Muthoot Group of Companies
  • Stocks in this theme:
    • Muthoot Finance Limited - 50%
    • Muthoot Cap Serv Ltd - 50%

If customer invests in this theme, the money gets invested in 2 stocks, 50% in each one of them.

Fyers Thematic Investing platform is a unique offering by Fyers. The key features includes:

  • Themes are available for free to use for Fyers customers. Customer pays only the brokerage at regular price.
  • A theme can be bought and sold in a single click. Investors can also sell or buy by modifying the theme and its constituents.
  • 100+ themes are available
  • Each theme has less than 20 stocks
  • Over 1500 stocks are covered

Fyers Special Offers

Fyers offer FREE Trading Account (₹0 account opening fee). Equity delivery trades are FREE (no brokerage), for other segments you pay ₹20 per trade flat broekrage fee.

This is a limited time offer. Simply leave your contact information with us and Fyers representatives will contact you.


Fyers Charges 2020

Fyers Account Opening Charges

Trading and Demat Account Opening Charges

₹400

Demat Account Annual Maintenance Charges (AMC)

₹300 per year

Fyers Brokerage Charges

Segment Brokerage Fees

Equity Delivery

Free (No Brokerage)

Equity Intraday

₹20 per executed order of 0.01% whichever is lower

Futures (Equity, Currency, Commodity)

₹20 per executed order of 0.01% whichever is lower

Options (Equity, Currency, Commodity)

₹20 per executed order

Fyers Equity Brokerage Charges Explained

Fyers Charges Equity Delivery Equity Intraday
Brokerage ₹0 (Free) ₹20 per executed order or 0.01% (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 ₹5/Crore ₹5/Crore
Stamp Charges* State wise State wise

Fyers F&O Brokerage Charges Explained

Charges for Equity, Currency and Commodity F&O Trading at NSE and MCX.

Fyers Charges Futures Options
Brokerage ₹20 per executed order or 0.01% (whichever is lower) ₹20 per executed order
STT 0.01% on Sell Side 0.05% on Sell Side(on Premium)
Transaction / Turnover Charges NSE: 0.0021% NSE: 0.053%
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge)
SEBI Charges ₹5/Crore ₹5/Crore
Stamp Charges* State wise State wise

Fyers Fee Structure Explained:

  • STT: Charged only on the sell side for intraday and F&O trades. It is charged on both sides for delivery trades in equity segment.
  • *Stamp Duty for all states in India and NRIs: Charged based on the state where customer lives.
  • Goods and Services Tax (GST): This is charged at 18% of the total cost of brokerage plus transaction charges.
  • SEBI Charges: This is charged at ₹5 per Crore.

Other Charges (Fyers Hidden Charges):

  1. Call & Trade is available at an extra cost of ₹20 per order.
  2. Admin Square Off is charges additional at ₹20 per executed order. This is applicable for all MIS/BO/CO positions which are not square off by the customer.
  3. Digital Contract notes are sent via Email. Physical copies of contract notes can be ordered at additional charge of ₹20 per contract. Courier charges are extra.
  4. DP transaction charges for delivery based equity selling - ₹10 per transaction + depository charges.

Fyers Trading Software

Unlike most other brokers, Fyers has developed its own trading platform. This includes front end as well as backend (including risk management engine and order management system). The trading platform is still in evolution and tons of new features are being added every month.

Fyers trading platform has 3 major applications:

  1. Fyers One (Trading Terminal)

    Build for profession traders, Fyers installable trading terminal is loaded with industry standard features including advanced charting, flexible workspaces, F&O Analysis tools, stock screeners, advanced end-of-day reporting and portfolio tracker.

  2. Fyers Markets (Mobile Trading App)

    Built for traders and investors who likes to trade on the mobile phones, Fyers Markets is an advance mobile trading app with rich features. The mobile app is available for Android and iOS devices. Key feature of Fyers trading app includes multiple watch list, stock screener, pre-loaded options strategies, technical indicator and live stock quotes. Customers can also transfer funds to & from Fyers through this mobile app.

  3. Fyers Web Trader

    Build for investors/traders who are comfortable with website based trading, the Fyers Web Trader is fully functional online trading application. The Fyers Web Trader can be accessed from any web browsers. The feature of this application include portfolio tracker, auto-screened option strategies (multi-leg Orders) and live data feed.

 


Fyers Margin / Exposure

Fyers leverage for intraday, delivery, options, currency and commodities.

Segment Margin
Equity Delivery 1 times
Equity Intraday Up to 16x (based on the stock)
Equity Future Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x
Currency Future Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling)
Commodity Future NA
Commodity Options

Fyers Ratings

Overall Rating Rated 4.0 stars 4.0/5
Fees Rated 3.6 stars 3.6/5
Brokerage Rated 4.0 stars 4.0/5
Usability Rated 3.6 stars 3.6/5
Customer Service Rated 4.3 stars 4.3/5
Research Capabilities Rated 2.0 stars 2.0/5

Based on 14 Votes by Fyers Customers

Do you trade with Fyers? Rate Fyers


Fyers Complaint

The number of Fyers customer complaint received by the exchanges. The Fyers consumer complaint report helps understanding the Fyers Securities Ltd quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints**
NSE 2019-20 7,099 3
NSE 2018-19 4,805 4
NSE 2017-18 1,827 6

* The number of active customers reported by the broker.

** The total number of complaints received against the broker at the given exchange.


Fyers Exposures (Margin)

  1. Intraday Trading: Fyers offers upto 16 times margin (or leverage or exposure) in Equity Intra-day segment. Margins are given only for Intraday trading. The actual margin depends on the script. Fyers doesn't offer any margin on delivery trades.
  2. Fyers Exposure for trading in Futures (Index or stocks) - Fyers lets clients take MIS (Margin Intraday Squareoff) positions with following margin:
    • Equity & Index futures - 4 times of NRML(Normal) margin (Order squared off at 3:20pm)
    • Currency futures - 2 times of NRML(Normal) margin (Order squared off at 4.30pm)
  3. Fyers Margin for Options - 4 times of NRML(Normal) margin (Order squared off at 3:20pm)

Fyers Margin Examples

  1. Equity: For example, assuming the leverage/margins is 16x on TCS stocks, it means that with ₹10,000 in your trading account, you can take a position of up-to ₹1,60,000.
  2. Futures & Options selling: Let's assume that the SPAN + Exposure margins for 1 lot of Nifty futures are ₹60,000. A leverage of 4 times (4x) means that you will be able to take a position with just ₹15,000 (15,000*4 = 60,000).
  3. Options Buying: For option buyers, SPAN + Exposure margins are not applicable. To initiate a trade, you will have to pay the entire premium for 1 lot. However, Fyers provided some leverage for near-month Nifty contracts. Normally, to buy Nifty 10800CE you'll have to pay the entire premium of ₹5250. (70 Price* 75 Lot Size). However, if you use cover orders to buy, you will get some margins/leverage and you can buy it for a lesser amount. With a leverage of 1.3x, you will be able to buy 1 lot with just ₹4040 (5250/1.3).

Fyers Membership Information

  1. Fyers SEBI Registration Number: INZ000008524 (Aug 06, 2015)
  2. Fyers NSE Member ID: 90061 (Aug 24, 2015)