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India’s leading Discount broker
FYERS broking account opening charges are FREE
FYERS Account Opening Charges
| Trading Account Opening Charges | Rs. Zero |
| Demat Account Opening Charges | Rs. Zero |
FYERS Brokerage Charges
| Trading Segment | Brokerage Charges |
| Equity Delivery | Rs 0 (Zero) |
| Equity Intraday | Rs. 20 per order |
| Equity Future | Rs. 20 per order |
| Equity Options | Rs. 20 per order |
| Currency Futures | Rs. 20 per order |
| Currency Options | Rs. 20 per order |
| Commodity | Rs. 20 per order |
Open account by online within minutes
Click for AccountIncorporated 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 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 Rs 20 per executed order. No matter how big your order, Fyers charge maximum of Rs 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 Charges 2021
Fyers Account Opening Charges
| Trading and Demat Account Opening Charges | Rs 0 (Free) |
|---|---|
| Demat Account Annual Maintenance Charges (AMC) | Rs 300 per year* |
* Demat AMC waived for 1st quarter of year 1.
Fyers Brokerage Charges
| Segment | Brokerage Fees |
|---|---|
| Equity Delivery | Free (No Brokerage) |
| Equity Intraday | Rs 20 per executed order of 0.01% whichever is lower |
| Futures (Equity, Currency, Commodity) | Rs 20 per executed order of 0.01% whichever is lower |
| Options (Equity, Currency, Commodity) | Rs 20 per executed order |
Fyers Equity Brokerage Charges Explained
| Fyers Charges | Equity Delivery | Equity Intraday |
|---|---|---|
| Brokerage | Rs 0 (Free) | Rs 20 per executed order or 0.01% (whichever is lower) |
| Securities Transaction Tax (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 | Rs 5/Crore | Rs 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 | Rs 20 per executed order or 0.01% (whichever is lower) | Rs 20 per executed order |
| Securities Transaction Tax (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 | Rs 5/Crore | Rs 5/Crore |
| Stamp Charges* | State wise | State wise |
Fyers Fee Structure Explained:
- Securities Transaction Tax (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 Rs 5 per Crore.
Other Charges (Fyers Hidden Charges):
- Call & Trade is available at an extra cost of Rs 20 per order.
- Admin Square Off is charges additional at Rs 20 per executed order. This is applicable for all MIS/BO/CO positions which are not square off by the customer.
- Digital Contract notes are sent via Email. Physical copies of contract notes can be ordered at additional charge of Rs 20 per contract. Courier charges are extra.
- DP transaction charges for delivery based equity selling - Rs 10 per transaction + depository charges.
Visit Fyers Brokerage Charges Review for more detail.
Fyers Trading Software (Fyers Trading Platforms)
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:
- 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.
- 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.
- 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.