Fyers is an Indian stockbroker that has received attention for using technology to provide fast and easy trading platforms, while offering a low-cost investing model. Fyers offers commission-free equity delivery along with competitive brokerage for intraday and F&O business. Fyers has some powerful charting features with thematic investing and an uncomplicated and user-friendly interface that is suitable for novice traders or active traders. Fyers enables trading in equities, derivatives, currencies, and mutual funds, which is seamless from one asset class to another. Fyers has an established reputation for having reliable customer support and innovating through the main applications of the technologies on which its business is centered. Traders seeking a cool, efficient, and low-cost experience in the Indian stock markets have gravitated towards Fyers due to its modern technologies.
| Services Rating | Fyers |
|---|---|
| Overall Rating | ★★★★★ |
| Brokerage Charges | ★★★★★ |
| Trading Platform | ★★★★★ |
| Investments Offering | ★★★★★ |
| Customer Service | ★★★★★ |
| Broker Type | Discount Broker |
| Exchanges Supported | NSE, BSE, MCX |
| Active Clients | 3.01 Lakh |
| Broker Overview | Fyers Review |
Account Opening Charges and AMC
Fyers offers a free trading account and demat account opening and charges an Annual Maintenance Charge (AMC) of 0.
| Charges | Fyers |
|---|---|
| Trading Account Opening | 0 |
| Trading AMC | 0 |
| Demat Account Opening | 0 |
| Demat AMC | 0 |
| Provide DP Service | Yes |
Brokerage Plans
Fyers offers multiple brokerage plans, including both monthly and yearly options — giving traders flexibility based on their trading volume.
| Plan Types | Fyers |
|---|---|
| Multiple Plans | - |
| Monthly Plans | - |
| Yearly Plans | - |
Brokerage Charges
Fyers charges Rs 20 or 0.1% for equity delivery and intraday and Rs 20 for futures and options. Fyers does not provide trades on currency and commodity. It has zero hidden charges.
| Brokerage Charges | Fyers |
|---|---|
| Plan Name | - |
| Equity Delivery | ₹20 or 0.03% per executed order |
| Equity Intraday | ₹20 or 0.03% per executed order |
| Equity Futures | ₹20 or 0.03% per executed order |
| Equity Options | ₹20 per executed order |
| Currency Futures | ₹20 or 0.03% per executed order |
| Currency Options | ₹20 per executed order |
| Commodity Futures | ₹20 per executed order |
| Commodity Options | ₹20 per executed order |
| Hidden Charges | No |
| Call & Trade Charges | ₹50 + GST per executed order |
| Auto Square off Charges | ₹50 + GST per executed order |
| Brokerage Calculator | Fyers Brokerage Calculator |
Transactions Charges
| Transactions Charges | Fyers |
|---|---|
| Equity Delivery | NSE: 0.00297% | BSE: 0.00375% |
| Equity Intraday | NSE: 0.00297% | BSE: 0.00375% |
| Equity Futures | NSE: 0.00173% |
| Equity Options | NSE: 0.03503% |
| Currency Futures | NSE: 0.00035% | BSE: 0.00045% |
| Currency Options | NSE: 0.0311% | BSE: 0.001% |
| Commodity | MCX- Non-Agri: 0.0418% |
Account Features
Fyers provides advanced account features including advanced charting and analysis tools, algo trading support for automation, instant SMS alerts for market updates, online demo sessions and video tutorials, an online portfolio accessible anytime, NRI trading and investment access, making it a complete trading and investment platform suitable for both beginners and professionals. Overall, Fyers provides advanced account features including easy account setup, smart trading tools, interactive charts, algo trading, online demo guidance, and a personalized online portfolio, making it a complete trading and investment platform for all users.
| Compare Account Features | Fyers |
|---|---|
| 3-in-1 Account | No |
| Charting | Yes |
| Algo Trading | Yes |
| SMS Alerts | Yes |
| Online Demo | Yes |
| Online Portfolio | Yes |
| Margin Trading Funding Available | Yes |
| Combined Ledger for Equity and Commodity | Yes |
| Intraday Square-off Time | 3:20 PM |
| NRI Trading | Yes |
Trading Platforms
Fyers provides a seamless trading experience across multiple platforms including a modern web-based trading platform, a mobile-friendly trading interface, an Android trading app, an iPhone trading app, an Android tablet app, an iPad trading app. Traders can access their accounts anytime, whether on web or mobile devices. The software ensures fast execution, stability, and real-time performance for all users.
| Trading Platforms | Fyers |
|---|---|
| Web Trading Platform | Yes |
| Web Trading Detail | Fyers Web Trading |
| Mobile Trading | Yes |
| Mobile Trading App | Yes |
| Android Mobile App | Yes |
| Android App Download | Download |
| iPhone Mobile App (IOS) | Yes |
| iOS App Download | Download |
| Android Tablet App | Yes |
| iPad App (IOS) | Yes |
| Trading Software Charges | Nil |
Broker Ratings
Fyers maintains impressive ratings with fees rated 4, brokerage rated 4, platform usability rated 4, and customer service rated 4. The broker’s overall rating stands at 4 out of 5, reflecting its balanced performance across key areas. Overall, Fyers is recognized for offering dependable service, fair pricing, and a user-friendly trading experience.
| Broker Ratings | Fyers |
|---|---|
| Fees Ratings | 4 |
| Trading Brokerage Rating | 4 |
| Trading Platform Usability | 4 |
| Customer Service Ratings | 4 |
| Overall Ratings | 4 |
Investment Offerings
Fyers offers a wide range of investment options including equity cash and F&O, currency derivatives, commodity trading, online IPO applications, mutual funds, bonds and NCDs, and more — giving investors complete portfolio diversification across equity, debt, and alternative products. Overall, Fyers ensures a comprehensive investment experience — from IPOs and mutual funds to derivatives and commodities — enabling investors to diversify effortlessly.
| Investment Offerings | Fyers |
|---|---|
| Equity Cash and F&O | Yes |
| Currency Derivatives | Yes |
| Commodity | Yes |
| Online IPO Application | Yes |
| Mutual Funds | Yes |
| Bond / NCD | Yes |
| ETF | Yes |
| Banking | No |
| Insurance | No |
| Forex | Yes |
| MF SIP Investment | Yes |
| Equity SIP Investment | Yes |
| PMS Service | Yes |
| Other Investment Options | Yes |
Customer Support Offered
Explore the range of customer support services offered by Fyers.
| Customer Support | Fyers |
|---|---|
| 24/7 Customer Service | No |
| Email Support | Yes |
| Online Live Chat | Yes |
| Phone Support | Yes |
| Toll Free Number | No |
| Through Branches | No |
| Customer Care Number | 080-60001111 |
| Account Opening Process | Online |
| Customer Support Email | [email protected] |
| Knowledge Center/Education | |
| Head Office Address | Brigade Magnum, |
| Website | https://fyers.in/ |
Research and Reports
| Research | Fyers |
|---|---|
| Research Mutual Funds | Yes |
| Research Equity Reports | Yes |
| Research ETF | Yes |
| Daily Market Report | Yes |
| Free Tips | No |
| Quarterly Result Analysis | Yes |
| News Alerts | Yes |
Demat Account Charges
Fyers offers a Demat account with CDSL & NSDL as DP source. The annual maintenance charge (AMC) is 0, and transaction charges per ISIN are . Services like demat, remat, and pledge creation are available for seamless securities management. Demat account covers key aspects like DP source as CDSL & NSDL, pledge creation charge of ₹5, and remat charge of ₹10/- per certificate, ensuring efficient securities management.
| Demat Charges | Fyers |
|---|---|
| DP Source | CDSL & NSDL |
| DP ID | CDSL: 12089400 | NSDL: IN304502 |
| Demat Account Annual Maintenance Charges (AMC) | 0 |
| Advance Deposit | No |
| Transaction Charges on Debit (Per ISIN) | |
| Demat | 0 |
| Remat | ₹10/- per certificate |
| Pledge Creation | ₹5 |
| Pledge Creation Confirmation | - |
| Pledge Closure | ₹5 |
| Pledge Closure Confirmation | - |
| Pledge Invocation | ₹5 |
| Failed Instruction Charges | 0 |
| Other Charges | - |
Advantages and Disadvantages
| Broker | Pros | Cons |
|---|---|---|
| Fyers |
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FAQs on Fyers Review
Yes, Fyers is considered one of the safest brokers in India. It is a SEBI-registered stockbroker, a member of NSE, BSE, and MCX and has a strong track record of transparency and compliance.
Fyers offers competitive brokerage charges. Typically, it charges ₹20 or 0.03% per executed order for equity delivery and intraday trades and ₹Yes for F&O trades, making it one of the most affordable brokers in India.
Fyers provides multiple platforms for trading and investing including mobile and web platforms, offering a smooth, reliable, and user-friendly experience.
You can open an account with Fyers online through an eKYC process. Online Generally, the account gets activated within 24–48 hours once the documents are verified.
Yes, you can invest in direct mutual funds via Fyers platform. It allows you to buy and manage all your mutual funds online without paying commissions.