Fyers Broker - IPO JI

Fyers

Fyers

Discount Broker

About Broker

Founded in 2015 by the Khoday brothers, FYERS is one of the newer entrants in the discount broking market. As of October 2024, FYERS has an active client base of 2,43,204.


Product Basket

The segments in which you can invest (includes Equity, Commodity, Currency, Futures and Options) through this broker

Equity Commodity Currency Futures Options

Brokerage Plan

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.

Charges

account opening

Free

account maintenance

Free

call trade

₹50

Brokerage

equity delivery

Zero

equity intraday

0.03% up to Rs 20

equity futures

0.03% up to Rs 20

equity options

₹20 per order

currency futures

0.03% per order

currency options

₹20 per order

commodity futures

0.03% per order

commodity options

₹20

Margins

Equity Delivery

1x As per exchange

Equity Intraday

5x As per exchange

Equity Futures

1x As per exchange

Equity Options

1x As per exchange

Currency Futures

1x As per exchange

Currency Options

1x As per exchange

Commodity Futures

1x As per exchange

Commodity Options

1x As per exchange

Platforms Offered

Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.

Fyers Web Fyers App Fyers One Fyers Direct Fyers Thematic

Other Details

Pros

Advantages and Strengths of this broker.

Fyers offers a unified margin account that enables users to utilize funds from the same pool for various asset classes.

Traders on Fyers can place orders, track profit and loss, access support and resistance levels, and view corporate actions directly from the charts.

The platform boasts the largest collection of historical data on stocks, spanning up to 25 years.

Fyers provides a wide range of time frames for analyzing stock price highs and lows, including 1 day, 5 days, 1 month, 3 months, 6 months, 1 year, and Year to Date.

Cons

Disadvantages of this broker that it needs to improve upon.

Fyers lacks candlestick indicators for trading purposes.

The platform does not offer screeners for investors or traders.

In options trading, Greeks are not displayed on the chart itself.

Unlike some competitors that offer Whatsapp support for ensuring callbacks, Fyers does not provide this feature.


Additional Features

Extra features provided by the broker at little or no extra cost. Like research reports, SMS alerts etc.

3 in 1 Account
free trading calls
free research
sms alerts
margin funding
margin against share

Other Investment Options

Services provided by the broker for investing in other financial assets such as Mutual funds, Insurance, Bonds etc.

mutual funds
ipo platform
exchange traded funds

Equily Charges

transaction charges

BSE: 0.00375%

NSE:

clearing charges

--

dp charges

Sell-side, ₹ 7 & ₹ 5.5 CDSL

gst

18% on Brokerage + Exchange Turn Over Charges

stt

0.1%

sebi charges

₹ 10/Crore

transaction charges

BSE: 0.00375%

NSE:

clearing charges

--

dp charge

--

gst

18% on Brokerage + Exchange Turn Over Charges

stt

0.025% sell side

sebi charges

₹ 10/Crore

transaction charges

BSE: 0%

NSE:

clearing charges

dp charge

--

gst

18% on Brokerage + Exchange Turn Over Charges

stt

0.02 sell side%

sebi charges

₹ 10/Crore

transaction charges

BSE: 0.00375%

NSE:

clearing charges

dp charge

--

gst

18% on Brokerage + Exchange Turn Over Charges

stt

0.1% sell side

sebi charges

₹ 10/Crore