FYERS

4 Overall

Fyers is the recent login into the crew. Though it is a newbie, it has evolved with a big number of clients they have a revolutionary trading platforms, Cutting-edge Tools, competitive brokerage structure. They have introduced a new concept called thematic investing which is a huge eye catcher

Brokerage Charges3.5
Platforms & Tools 4.5
Customer Service 3.0
Cons
  • Don't provide Commodity trading
  • No own DP Service
  • Initial deposit of Rs 10,000 is required while account opening

FYERS Overview

FYERS is an acronym for Focus Your Energy & Reform the Self (FYERS) is a revolutionary name in Discount Brokers fraternity. It was founded in the year 2015 by Tejas Khoday and other crew having a primary focus of providing retail traders with top class trading platforms for less brokerage.

Fyers is headquartered at Bangalore and is a  member of NSE India. Fyers has partnered with IL&FS Securities Services Limited.  Fyers allows you to trade in Equity, F&O and Currency on NSE.


FYERS Brokerage Charges

The Brokerage rates of Fyers Securities are simple and low but not as cheap as other discount brokers. They will charge a maximum of Rs.20/ executed trade.

Equity Delivery

0.1% or Rs 20 Which ever is lower per Executed Order

 Equity Intraday

0.01% or Rs 20 Which ever is lower per Executed Order

 Equity Futures

0.01% or Rs 20 Which ever is lower per Executed Order

 Equity Options

Rs 20 Per Executed Order

 Currency Futures

0.01% or Rs 20 Which ever is lower per Executed Order

 Currency Options

Rs 20 Per Executed Order 

 

Fyers Securities charges max Rs 20/ executed order for all segments is equal to Zerodha (Rs 20),RKSV (Rs 20),Tradejini (Rs 20) but slightly expensive than SASOnline(Rs 9) & RK Global (Rs 9),Prostocks(Rs 9) & Trade Smart Online(15 Rs).


FYERS Other Charges

  • DP charges for delivery based equitywill be charged only on sell side is Flat Rs.20 along with Depository Charges .
    Digital Contract notes will be sent by Email. Physical copies of contract notes can be received at Rs 20/- per contract and courier charges extra
    Instant payment gateway charges will be Rs 10/ fund transfer.
    Account Opening Charges - 

    Trading Account Opening Charges (One Time)will be Zero
    Demat account Opening Charges (One Time)will beZero
    Trading Annual maintenance charges (AMC)will beZero
    Demat Account Annual Maintenance Charges (AMC)will be Rs 400 Per Year


FYERS Platforms & Tools

FYERS has all three types of trading platform like Web based trading platform, Desktop based trading platform and Mobile based application for executing trades hassle free and on the go.

  • Desktop Terminal : Fyers One
  • Web-based : Fyers Web Trader
  • Mobile App : Fyers Market

Fyers One : Fyers One is an installable desktop trading terminal with advanced charting and next generation trading options which will have constant updates for client comforts .  like Amibroker, MT4, Spider, Falcon which will cost the client money to use, FYERS ONE is free of cost and is  available for  FYERS clients exclusively.

Fyers One features for better trading

  •  Stock screeners, heat maps, advanced charts are available 
  •  buy and sell signals, FII/DII data, RBI interest rates on the trading screen for better understanding
  •  world market data, Macro-Economic data, quarterly results and company announcements etc. are all provided in real-time
  • You get historical charts of 5 years of any company . It is  the only trading platform in India that shows spot charts for both historical and intraday trading.

Fyers Web Trader : Fyers Web Trader is a web-based lightweight trading platform that allows the client without prior installation. If you are not allowed to install any softwares for trading in your office computer or you might b e using an old pc Fyers  Web Trader is your best bet to consider.
It is intentionally designed with minimal features to keep things easy and smooth for traders. Some of the basic fatures this application includes:

  • Options Strategies Calculator
  • Margin Calculators
  • SIP Calculators
  • Brokerage Calculators
  • Buy or sell signals 
  • Advanced charting 
  • Tips and value suggestion
  • World market data, Macro-Economic data, quarterly results and company announcements etc. are all provided in real-time
  • You get historical charts of 5 years of any company . It is  the only trading platform in India that shows spot charts for both historical and intraday trading.

Fyers Market : Fyers market is the  mobile trading app of FYERS is sculpted to the core perfection with  lot of features. The highly responsive charts can be used just rolling your finger tips on the screen. The application uses less bandwith so no connection and execution delays. Fyers market application is no less of a fully loaded desktop trading terminal with different indices, heat maps and charts which helps you to follow the market action.

 Corporate action of companies listed on the exchange can be observed for better decision making.  Overall it is heavyweight in features but functions better than a lightweight.


FYERS Education & Research

Fyers don't provide any free tips service. They also don't provide any educational initiation about the stock market for new customers. But you can read a lot about their Thematic investment initiation.

Thematic investment is a great visionary where you can find  bunch of thoroughly researched company stocks which fits the criteria. So the client will not have any hassle as the research team has already concluded the best picks.

Apart from Thematic investment, Fyers doesn't provide any other recommendation service.


FYERS Customer Service

There is no toll free number for Fyers. But they do have a helpline number where the customers can choose their queries. They are also very responsive for email. You can also walk in to their registered office located at Bangalore. 
Contact Phone Number/helpline: 080–4625-1111/9591-82-1111
Contact email: sales@fyers.in
Registered Office:No. 19 & 20, 3rd Main, Gandhinagar, Bangalore - 560009


FYERS Closing Thoughts

 Fyers achievement till date is only the Thematic investment model. It has out worked all the mutual fund investments by 50%. But we have seen so many mutual funds giving 50% growth in a year but will show only 9- 15% in the long run. 
Thematic investment is only 1 year old so we need to look at the future. 
No doubt that Fyers is evolving day by day but is an infant for now. 
Trading terminal and mobile application bugs are a common scenario and needs a great improvement. 
Even Zerodha, the online discount broker giant in the Indian market is also a newbie in 2010. But now it is one of the top 5 brokers. Let Us see Fyers might be next Big broker. 
But for now Fyers is not highly recommended as they cannot handle high volatile markets.