Fyers securities private limited
Fyers securities private limited (Fyers)
Fyers Securities Private Limited (Fyers) is an online discount brokerage firm headquartered in Bangalore, India. The company was founded in 2015 by three entrepreneurs, Tejas Khoday, Shrinivas Viswanath, and Rahul Gupta, who wanted to create a platform to make trading accessible and affordable for the masses.
Fyers offers a range of services including equity, derivatives, currency, and commodity trading on the Indian stock exchanges, National Stock Exchange of India (NSE), and Bombay Stock Exchange (BSE). They also offer their clients Mutual Funds and Initial Public Offerings (IPOs). Fyers has developed its trading platform, Fyers One, designed to provide a smooth and hassle-free trading experience to its clients on the desktop. Fyers trading platform offers a range of advanced features like advanced charting tools, real-time market data, and a customizable interface.
Fyers is known for its low brokerage charges, which are among the lowest in the industry. They have a transparent pricing structure with no hidden charges. They charge a flat fee of Rs. 20 per order for equity, derivatives, and currency trading, irrespective of the order size. For commodity trading, they charge a flat fee of Rs. 100 per order. This makes them an attractive option for traders who want to keep their trading costs low.
Fyers Brokerage charges
|
PARTICULARS |
CHARGES |
|
Equity Delivery |
₹0/- |
|
Equity Intraday |
₹20 per executed order or
0.03% (whichever is lower) |
|
Futures (Equity, Currency,
Commodity) |
₹20 per executed order or
0.03% (whichever is lower) |
|
Options (Equity, Currency,
Commodity) |
₹20 per executed order |
|
Call & Trade Services |
₹50 per executed order |
|
Admin Square Off Charges |
₹50 per executed order |
|
Physical Contract Note Charges |
₹20 per physical contract note
+ courier charges |
|
Physical Delivery |
0.2% of the contract value |
|
Expires / Exercised / Assigned
Futures & Options Contracts |
Nil |
|
Cheque Bounce Charges |
Nil |
|
Payment Gateway Charges |
Nil |
|
Annual Maintenance Charges |
Nil |
|
Credit Charges (Buy Receive) |
Nil |
|
Demat Debit Charges |
₹7+ ₹5.50 (CDSL Charges) |
|
Pledge Request |
Nil |
|
Unpledged Request |
Nil |
|
Pledge Invocation |
Nil |
|
Dematerialization Charges |
Nil |
|
Rematerialization Charges |
Nil |
|
Conversion of MF Units /
Destatementisation |
Nil |
|
Reconversion of MF units in to
SOA or Redemption/Restatmentisation Per SOA |
Nil |
|
Stamp Charges |
₹50 |
|
Failed / Rejected Transactions |
Nil |
|
Periodic Statement |
Nil charges by Email. |
|
Adhoc / Non-Periodic Statement
Requests |
Nil |
|
Additional Delivery
Instruction Book (5 leaves) |
₹100 + courier charges at
actuals |
|
Modification in Client Master
List (CML) |
₹50 |
|
Modification in KRA / Download |
₹50 |
|
Transfer of shares form Fyers
demat account to other demat account |
₹12.50 + GST per scrip |
|
Transfer of shares from other
Demat to Fyers |
Nil |
In addition to their low brokerage charges, Fyers offers a range of tools and resources to help traders make informed investment decisions. Their website has a blog section where they regularly post articles on market trends, trading strategies, and investment ideas. They also have a knowledge center that provides comprehensive information on various trading topics like technical analysis, fundamental analysis, risk management, and more.
Fyers is a member of the National Stock Exchange of India (NSE), Bombay Stock Exchange (BSE), Multi Commodity Exchange of India (MCX), and National Commodity & Derivatives Exchange Limited (NCDEX). They are governed by the Securities and Exchange Board of India (SEBI), the country's securities regulatory body.
Conclusion
Fyers Securities Private Limited (Fyers) is an online discount brokerage firm that offers a range of trading services on the Indian stock exchanges at a low cost. Their proprietary trading platform, Fyers One, offers advanced features to provide a hassle-free trading experience to their clients. They also provide traders with various tools and resources to help them make informed investment decisions. With their transparent fyers pricing structure and low brokerage charges, Fyers has emerged as a popular choice for traders who want to keep their trading costs low.
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