Fyres One

Fyers One Review

Started in the year 2015, Fyers is one of the freshly launched discount brokers in India. Having its base in Bangalore, the broking house claims to offer unparalleled trading experience through its inquitively designed trading platforms.

Fyers means “Focus Your Energy & Reform the Self”. This clearly reflects the level of quality the brand is focused on. The discount broker is a member of NSE and MCX.

The broking house is known to revolutionize the trading industry by transporting thematic investing, advisory and recommendation services for rapid and easy investment. It has joined with IL&FS Securities Services Limited and enables trading in Equity, F&O and Currency on NSE.

Being a tech-focused discount broking firm, Fyers revolutionized the segment with free investment opportunity for its clients. Despite being a freshplayer in the market, Fyers has brought in its in-house trading platforms for traders. Their flagship product, Fyers One has garnered greatresponse from the traders as one of the most preferred desktop trading platforms in India.

The trading platform is primarily known for its superb performance and speed to go along with some really worthy features. Clients are needed to download the software and install on their desktop or laptop to continue trading.

Fyers One is known for enabling setting favorable for technical and fundamental analysis with the help of various charting, display and number-based features that are distinctive to this specific software and have not yet been brought in other trading terminal softwares.

Fyers One Features

The most advanced and user-centric features of Fyers One make it one of the most widely accepted stock trading apps in the country. Some of its popular features are:

  • Charting with the use of over 60 indicators for technical analysis. It also gives historical EOD data of up to 5 years and intraday data of the last 30 days. Charts can be used even for spot indices. Charts are available in different time frames:
  • 1 Minute
  • 5 Minute
  • 10 Minute
  • 15 Minute
  • 30 Minute
  • 60 Minute
  • Custom time frames
  • Option to add up to 10 market watchlists across segments, industries, and trading products
  • ‘Stock Screeners‘ featureenables users to find out the relevant information from huge market data shown. They can view intraday movements, levels of support & resistance, gauge trend etc. using these stock screeners.
  • Free access to market details with the latest info on IPOs performance, news, world market, board meeting updates etc
  • ‘Market Meter‘ helpstraders to check which stocks are taking the market up and which ones are bringing it down.
  • Rapid info on top gainers and losers of the day
  • Intuitive trading indicators for steadfast decision making and order placement
  • Trend Scanner lets you gauge market and stock trends.
  • Fyers one makes real-time exchange announcements along with details on the upcoming board meetings the companies have scheduled. This helps you prepare for the possible future changes in the stock valuation in either direction based on these meetings.

Advantages of Fyers One

Some of the major advantages of Fyers One trading application include:

  • Users can easily perform quick technical analysis using tools like Heatmap, Index meters, stock screeners etc. This are found to be very helpful in case of making the best of the market opportunities at the perfect time. With Heatmaps, you should be able to find outwhat is working the most and the least across sectors and industries.
  • The ‘Portfolio Simulation‘featureenables traders to learn about stock market trading without any charges. It’s essentially a simulation of the stock market that gives to a real-time experience of stock trading.
  • Data displayed is much more precise than most of the other trading platforms offered by stockbrokers.
  • Lease number of crash reports reported as compared to other trading platforms.
  • ‘Intraday Recovery‘ feature helps intraday traders to get a quick ideas of stocks with optimum intraday falls and recovery trends. This feature is helpful for traders who want to make rapid gains but don’t have resources to take easy judgements.
  • One of the most sought-after trading applications out there that help you to perform your technical analysis. No need for integrating third-party softwares anymore.

 Disadvantages of Fyers One

There are few issues in using Fyers One software:

  • Heavy sized trading application, therefore, requirescomparatively better configuration for easy functioning
  • Relatively latest in the market as compared to other establishedterminal-based trading softwares such as Trade tiger or Zerodha Pi.
  • Mac iOS version not available yet. So, clients with apple desktop or computers cant access the software.