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Enjoy hassle free trade along with competitive trading charges.
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Focus Your Energy & Reform the Self
About Fyers
Fyers was incorporated in 2015, Fyers Securities is a Bangalore based online discount stock broker. The company was founded by young entrepreneurs who believe in building the best trading platforms, being transparent and keeping the cost of trading at its lowest in India. Fyers is a lowest brokerage stock broker in India. They are among the cheapest stock brokers in whole online discount broker industry. Fyers follow simple price model that you offer trading across all the segments for the same brokerage fee of a maximum of Rs 20 per executed order. No matter how big your order, Fyers charge a maximum of Rs 20 per executed order. Fyers doesn't charge any brokerage in the Equity Delivery segment for the lifetime for all Age group.
Fyers Products
Fyers One
Our cutting-edge analytics tools make Fyers One the best desktop trading platform one can ask for.
Fyers Web
Trade smarter and more efficiently with advanced charting tools and realtime market data
Fyers App
Trade Stocks, Options, Futures, ETFS, and More on Your Mobile with Ease and Convenience.
Fyers Alert
Stay Update with get alert of latest price for Equity, F&O, and more.
Trading view
Check out the trading ideas, strategies, opinions, analytics at absolutely no cost with Fyers in premium version!
Insta option
Tools specifically tailored for Futures and Options analysis, and execution Free of cost.
Fyers Investment Plans
Fyers IPO
Be the first to apply for IPOs and FPOs listed on the NSE and BSE.
Fyers Direct
Easily invest in Mutual fund/SIP directly without no Commission.
Government Securities
Get easily invest in Govt Bonds, Treasury bills and SDL Bonds without any commission.
Fyers OFS
Apply for an Offer for Sale (OFS) of companies listed on the BSE/ NSE hassle free.
Fyers Learnings Ideas
Fyers Journals
Maintain your trading records, thoughts, and emotions with ease in personal dairy.
Fyers Community
Become part of our Fyers community inside trader and investors network.
Fyers Schools of Stocks
Learn about stock market from basic to expert levels, these courses are designed by market experts.
Fyers Developers Tools
Fyers API bridge
Customize and test your trading strategies seamlessly.
Fyers API
Get historical data, real time data and use the power of algo trading for absolutely free.
Algo Fox
Utilize custom algorithms with full of potential to execute trades and achieve targeted outcomes.
Fyers My Account
Go insight and manage seamless Backoffice profiles, reports and P&L etc.
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Founders
Tejas Khoday
Co-founder & CEO
In 2015, FYERS was formed as a crusade to change the way stock investments are made in the country and as a technology-focused brokerage firm, the goal is to transform the trading/investment landscape for everyone.
At the age of 18 he started trading and after experiencing the complacency of traditional brokerages in India, he embarked upon a journey to solve the problems faced by traders and investors.
Yashas Khoday
Co-founder & CEO
As a keen explorer & problem solver, Yashas has his interest spread across technology & financial markets. His ability to overcome difficult tech challenges and building highly scalable & robust platforms has played a pivotal role in our success. In 2021, he was featured in BW Disrupt "30 Under 30" for his achievements as a successful bootstrapped entrepreneur & the youngest stockbroker in India, With his formidable team, Yashas is focused on delivering the best experience to new-age traders/investors
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Documents are required to Open Demat Account with Fyers
Online
- A Signature required as per PAN Card on white paper.
- Proof of identification (POI) - PAN CARD, or Voter ID, or Passport, any ID card issued by the central or state government with applicant's photo.
- Proof of Address (POA): ADHAR Card, or Ration card, or Passport, or Voter ID, verified copies of electricity bills.
- Bank Proof- Cancel cheque, or Bank Passbook or 6-month Bank statement
- Income Proof - 6-month Bank statement, or ITR with income Computation, or Salary Slip, or Net worth certificate or Copy of Form 16 or demat holding you may attach for derivatives segments.
Offline
- Self-attested photocopy of the PAN.
- Self-attested photocopy of the Adhaar card.
- 2 Passport size photo (Color).
- Original personalizes cancel cheque.
- Income Proof - Self attested photocopy required with your signature of 6 months bank statements, or ITR with Income Computation, or Salary Slip.
Note :
- A-These documents are necessary for the KYC (Know Your Customer) process and to verify your identity and address.
- B- It is important to link your Aadhar number with demat account because it is mandatory by government of India.
- C- PAN and Adhar Linking should be done it is also mandatory by government of India.
- D- If you want open joint demat and trading account then all members are required to submit self-attested photocopy of the documents and passport size photo.
Charges(Few charges are revised from 01.Oct.2024)
| Segment | Brokerage |
|---|---|
| Trading & Demat Account Opening | Free |
| Annual Maintenance Charges (AMC) | Lifetime Free in Limited period offer,(400/- year) |
| DP Charges | Male: 3.5 per script Female: 3.25 per script |
Brokerages
| Segment | Brokerage |
|---|---|
| Intraday | 0.03% or Rs 20 per order which is lower. |
| Delivery | Revised to 0.3% or ₹20 per executed order, whichever is lower. |
| Future | 0.03% or Rs 20 per order which is lower. |
| Option | Flat Rs 20 per order |
| Currency | 0.03% or Rs 20 per order which is lower. |
| MCX (Future) | 0.03% or Rs 20 per order which is lower. |
| MCX (Option) | Flat Rs 20 per order |
| Mutual Fund | Free |
| Call and Trade | ₹50 per executed order |
| Admin Square Off | ₹50 per executed order |
Note: - Brokerage charges are applicable when your order executes successfully.
Statutory Charges - Equity
| Charges | Delivery | Intraday | Futures | Options |
|---|---|---|---|---|
| STT/CTT | 0.1% on Buy and Sell value | 0.025% on Sell value | 0.02% on Sell valuee | 0.1% on Sell value (Premium) |
| Exchange Transaction Charges | NSE: 0.00297% BSE: 0.00375% | NSE: 0.00297% BSE: 0.00375% | NSE: 0.00173% | NSE: 0.03503% (On premium) BSE: Sensex: 0.0325% Bankex: 0.0325% Sensex 50: 0.005% Stock: 0.005% |
| Clearing Charges | 0 | 0 | 0.0005% | 0.009% |
| SEBI Turnover Fee | ₹10/Crore | ₹10/Crore | ₹10/Crore | ₹10/Crore |
| GST | 18% on (Brokerage + Exchange Transaction charges + Clearing charges + SEBI Turnover Fee) | 18% on (Brokerage + Exchange Transaction charges + Clearing charges + SEBI Turnover Fee) | 18% on (Brokerage + Exchange Transaction charges + Clearing charges + SEBI Turnover Fee) | 18% on (Brokerage + Exchange Transaction charges + Clearing charges + SEBI Turnover Fee) |
| Stamp Duty | 0.015% | 0.003% | 0.002% | 0.003% |
| NSE IPFT | ₹10/Crore | ₹10/Crore | ₹10/Crore | ₹50/Crore (on premium) |
Statutory Charges – Currency
| Charges | Futures | Options |
|---|---|---|
| STT/CTT | 0 | 0 |
| Exchange Transaction Charges | NSE: 0.00035% BSE: 0.00045% | NSE: 0.0311% BSE: 0.001% |
| Clearing Charges | 0.0005% | NSE: 0.009% & BSE: 0.0005% |
| SEBI Turnover Fee | ₹10/Crore | ₹10/Crore |
| GST | 18% on (Brokerage + Exchange Transaction Charges + Clearing Charges + SEBI Turnover Fee) | 18% on (Brokerage + Exchange Transaction Charges + Clearing Charges + SEBI Turnover Fee) |
| Stamp Duty | 0.0001% on Buy side | 0.0001% on Buy side |
Statutory Charges - Commodity
| Charges | Futures | Options |
|---|---|---|
| STT/CTT | 0.01% on sell side (non-Agri) | 0.05% on sell side |
| Exchange Transaction Charges | MCX- Non-Agri: 0.0021%, NSE- 0 | MCX- Non-Agri: 0.0418%, NSE- 0 |
| Clearing Charges | 0.0018% | 0.05% |
| SEBI Turnover Fee | NON-Agree: ₹10/Crore + GST | NON-Agree: ₹10/Crore + GST |
| GST | 18% on (Brokerage + Exchange Transaction Charges + Clearing Charges + SEBI Turnover Fee) | 18% on (Brokerage + Exchange Transaction Charges + Clearing Charges + SEBI Turnover Fee) |
| Stamp Duty | 0.002% on Buy side | 0.003% on Buy side |
Other Charges
| Physical Contract Note Charges | ₹20 per physical contract note + courier charges |
| Physical Delivery | 0.2% of the contract value |
| Expires / Exercised / Assigned Futures & Options Contracts | 0 |
| Cheque Bounce Charges | 0 |
| Payment Gateway Charges | 0 |
| Pledge Request | ₹5 |
| Unpledge Request | 0 |
| Pledge Invocation | ₹5 |
| Margin Re-pledge | ₹1 |
| MTF Pledge Request | ₹12 |
| MTF Unpledged Requestn | ₹12 |
| Dematerialization Charges | 0 |
| Rematerialization Charges | Fee For every 100 securities ₹10/- Part there of; subject to maximum ₹5,00,000/- Or Flat fee ₹10/- per certificate, whichever is higher |
| Stamp Charges | ₹100/- |
| Failed / Rejected Transactions | ₹0 |
| Periodic Statement | ₹0 charges by email. ₹50 + courier charges at actuals for physical statements |
| Delivery Instruction Book (5 leaves) | ₹150 + courier charges at actuals |
| Modification in Client Master List (CML) | ₹50/- |
| Transfer of shares from Fyers Demat to other Demat | ₹12.5+ GST per scrip |
| Transfer of shares from other Demat to FYERS | ₹0 |
| Online DDPI Activation | ₹150 onetime |
Charges
Explanation
There are two types of charges are applied on trading or investing segments through Fyers
- Brokerage charges – Which goes to broker only who provide you trading facility, like Brokerage charges only.
- Government charges & Regulatory Charges – These are multiple kind of charges who are applicable on each transaction who goes to government body and regulatory authorities.
- STT/CTT (Securities/Commodities Transaction Tax):
Imposed on transactions on exchanges. STT is applicable on both buy and sell in equity delivery, and on the sell side in intraday. CTT applies for commodities.
- Exchange Transaction/Turnover Charges:
These are fees charged by exchanges like NSE, BSE, or MCX based on transaction value.
- GST (Goods and Services Tax):
GST at 18% is applicable on (brokerage + transaction charges + Demat charges).
- Stamp Duty Charges:
State-specific charges applicable on trading of securities and commodities.
- DP (Depository Participant) Charges:
A fee of ₹12.5 + 18% GST is charged by the depository for selling equity stocks, applied per script sold.
- SEBI Charges:
A fee of ₹10 per crore is levied by SEBI for regulating the market.
- Call & Trade Charges:
An additional fee of ₹50 per order is applied for orders placed through Fyers' call center or dealer, including auto square-off orders.
- STT/CTT (Securities/Commodities Transaction Tax):
Charges for NRI Account Services at FYERS
| Segment | NRE | NRO | NRO Non-PIS |
|---|---|---|---|
| Account Opening Charges | FREE | FREE | FREE |
| AMC | FREE | FREE | FREE |
| Equity Delivery | 0.5% or ₹50* | 0.5% or ₹50* | 0.5% or ₹50* |
| F&O | 0.5% or ₹50* | 0.5% or ₹50* | 0.5% or ₹50* |
Fyers Pros and Cons
| Pros | Cons |
|---|---|
| Free online account opening. | No offline branches. |
| No brokerage on equity delivery trades. | No 3-in-1 account. |
| No hidden charges, cheaper than other brokers. | |
| Smooth and robust trading platform. |
Fyers Registration Details
| SEBI Registration No | INZ000008524 |
| DP Registration No | IN-DP-432-2019 |
| NRE TM Code | 90061 |
| NRO TM Code | 6697 |
| CDP L Member Code | 12089400 |
SEBI Risk disclosures on derivatives -
- •9 out of 10 individual traders in the equity Futures and Options segment incurred net losses.
- •On average, loss makers registered a net trading loss of close to ₹50,000.
- •Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
- •Those making net trading profits incurred between 15% to 50% of such profits as transaction costs.
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Attention: Don't share login credentials or OTP to anyone even the Fyers team also.
Notes:
Rematerialization - In this process you can get your electronically held securities converted into physical certificates by processing your request via Fyers.
- Depository - In India, there are two depositories that hold your stock accounts: CDSL (Central Depository Services Limited) and NSDL (National Securities Depository Limited). Fyers is part of the CDSL depositories.
- DDPI - SEBI introduced DDPI (Demat Debit and Pledge Instruction) to mitigate risks associated with Power of Attorney (PoA). DDPI allows investors to authorize the sale or pledge of shares held in a Demat account.
- DDPI is optional, and clients can continue to sell shares by entering the T-PIN for each transaction.
- DDPI can be used for selling stocks without TPIN, pledging/unpledging shares, Margin Trade Facility, debit of mutual fund units, and tendering shares for buyback, takeover, or delisting.
Open Your Demat Account
Investments in the securities market are subject to market risks; read all the related documents carefully before investing.