TRADE FAST & SMART WITH FYERS APP!

Feature-Rich Platform: Web, Desktop & Mobile

Cutting-edge Trading Tools

Trade on TradingView with FYERS

Equity, Commodity, Currency, F&O, MF & more…

Sign Up

FYERS: Trading & Demat Account Review 2024

FYERS SECURITIES – Established in 2015 by the Khoday brothers based in Bangalore, India, FYERS stands for “Focus Your Energy & Reform Self” FYERS has swiftly gained recognition for its user-friendly attractive interface, advanced trading tools, and commitment to empowering traders. Here’s our unbiased review of Fyers securities, where you’ll find its features along with its pros, cons, charges, and more.

FYERS has been gaining popularity rapidly and is now trusted by over 500,000 happy users creating 1,50,000 Cr.+ daily turnover with 15% MoM growth.

The main objective of this broker is to ‘Empower New-age Traders & Investors With the Best-in-class Technology and Platforms’

Fyers is discount broker registered with SEBI and is a member of NSE, BSE, CDSL & MCX. Fyers provides a simple and transparent pricing model that offers trading across segments for the same flat brokerage fee of maximum Rs 20 per executed order. No matter how big your order, Fyers charge a maximum of Rs 20 per executed order. Fyer doesn’t charge any brokerage in the stocks equity delivery segment.

FYERS is one of the best discount broker available in the market. So, if you find yourself uncertain about which broker to choose and prioritize speed and efficiency, choosing FYERS SECURITIES is a no-brainer you can go with FYERS.

In this FYERS review post, I am going to discuss my in-depth experience with FYERS Securities, its features, charges, pros, cons, and available alternatives in the market.

Let’s dive into the details.

FYERS Overview

Fyers is an Indian stock broking company that allows you to trade and invest in various financial segments of the Indian stock market, such as stocks, IPO, mutual fund, futures and options, and currency derivatives. It is a member of NSE, BSE, MCX, and CDSL and is regulated by SEBI.

FYERS Platforms

FYERS offers a range of various products and services to empower active traders and investors to navigate the Indian markets with confidence. Here’s a glimpse of what they provide:

Fyers Web

A robust web trading platform built using the world-class user-friendly TradingView library.

• Trade Directly From Charts: Now Drag & drop to place, modify and cancel orders from the charts.
• Price Ladder Trading: Visualize price action & trade by observing live bid/offers on this real-time ticker.
• Multi Chart Setups: View up to 8 charts on a single screen with 20+ preference settings.
• Saved Charts: Save your technical analysis on charts for future reference or share it with your friends to discuss more.
• Advanced Charts Setup: There are more than a dozen unique drawing tools, over 100+ chart indicators including CRP indicator on TradingView, Historical EOD data of 24+ years & 4+ years of intraday charts to get more information.

Fyers Web Charts 1.5 (Beta)

• Dive Deeper with New Chart Types: Choose from fresh additions, including Columns, Line with Markers, Step Line, HLC Area, High Low and more access just one click.
• Your Order Window, Your Rules: Choose whether to auto-close the order window after placement.
• Options at Your Fingertips: Swiftly access popular option chains under the search.
• Full-Screen Efficiency: Access the top menu bar and drawing toolbar even in full-screen mode to get an amazing experience.
• Streamlined Trading: Access Buy/Sell with just a glance, ensuring a smooth trading flow.

Fyers Mobile App

FYERS offers mobile trading applications for both Android and iOS users, Fyers 2.0 App is completely designed for new-age traders and investors to get top-notch seamless experience with advanced technology and innovation. 1 Mn+ App Downloads & Trusted by 5lakh+ traders.

• Faster order placement
• TradingView Charting along with trade from charts
• Symbol Details with Fundamentals & Technicals
• Customizable UI
• Use App & Web simultaneously
• Advanced Option chain with Greeks

Trade Directly on Tradingview with FYERS

Use your FYERS broker account to access TradingView Dashboard & Tools.

TradingView is a leading platform that offers advanced charting solutions, analysis, and trading tools for stocks, indices, commodities, forex, and cryptocurrency. TradingView offers a comprehensive suite of tools to cater to the needs and expectations of all traders.

• The World’s Leading Сharts: Trade with highly interactive 15+ chart types, 100+ indicators & 50+ drawing tools.
• Responsive Order Panel: Examine the best entry and exit points to reduce risks.
• FYERS traders can take benefit of powerful features like pine script editor, strategy tester, bar replay and more and enhance the trading skills.
• Join a powerful TradingView community of traders and investors to learn and share your knowledge and keep yourself informed.

How can you access TradingView?

1. Open FYERS Account
2. Choose FYERS on TradingView Panel & Connect your Account
3. Authorize TradingView Connection

TradingView integration with FYERS is a game-changer movement for all traders, revolutionizing how they analyze global markets, develop strategies, and execute trades. With a diversified range of features available across the platform, this integration provides a holistic trading experience to every day traders and is also helpful for investors.

Trade Faster With Fyers Next – Fyers Next

Lightning-fast on-time execution for accelerated trading and investing, as fast as 50 milliseconds!

• Real-time Widgets: Now stay in control of all your trades with real-time alerts, customized triggers prices, and quotes.
• Advanced Options Calculator: Discover the power of options strategies with accurate theoretical pricing and implied volatility calculations.
• Trigger Order Book: A dedicated order book to refer and study your GTT orders.
• Snap Quote: Get real-time 360 degree price quotes of any instrument to stay ahead.

Fyers Insta Options

Create and Analyse your own trades & strategies and Find profitability using advanced user-friendly analytical tools & data.

Fyers & InstaOptions Dashboard

• Strategy Builder with Payoff Graph: Create, analyze, and execute your strategies seamlessly with strategy builder’s complete toolkit.
• Readymade Strategies with a Market Trend: Benefit from Insta Options’ ready-to-go strategies tailored to market trends like bullish, bearish, and neutral.
• Combined Premium Charts with Analysis: Plot strategy price charts , and perform your favorite analysis for the same using the combined premium chart feature.

InstaOptions, a revolutionary platform developed in partnership with Quantman, is designed to empower traders through a variety of comprehensive tools for options analysis and execution. Designed specifically for FYERS users, it combines cutting-edge technology with deep market insight, enabling them to identify trading opportunities in futures and options.

Fyers IPO

You can apply instantly for Equity, SME and Corporate bond Initial Public Offers (IPOs) in companies that are listing/listed on NSE & BSE

• Apply for IPOs directly from your Fyers account
• Simple Process: Their platform provides streamlines and straightforward IPO application process
• No Additional Fees: Fyers typically doesn’t charge extra fees for IPO applications

Fyers Direct (Mutual Fund Investment)

Fyers Direct is the platform offered by the discount broker Fyers that allows you to invest direct with mutual funds without paying any brokerage commissions.

• Invest in direct mutual Funds MF
• ₹ 0 Brokerage & Commissions
• One-click Investing: Invest in mutual funds through DEMAT account
• Portfolio Tracker: Get track of all the details of your MF portfolio holdings
• Instant Redemption: Redeem your mutual fund corpus in just single-click

Fyers Direct offers both lump sum investments (One-time Investment) and SIP (Systematic Investment Plan) options. SIP allows you to invest a fixed amount regularly, which can inculcate financial discipline. Overall, Fyers Direct is a great option for investors in India seeking a commission-free and convenient way to invest in mutual funds.

Fyers SGB (Sovereign Gold Bonds)

Sovereign Gold Bonds (SGBs) are Indian government securities denominated in grams of gold. These bonds are substitutes for holding physical gold. Investors shall pay the issue price in cash, and the bonds will be redeemed in cash on the maturity date with tax benefits. SGB is issued by RBI on behalf of the Government of India so investors get more trust.

Charges Details

Equity Charges:

Commodity Charges:

Currency Charges:

Pros & Cons of FYERS

Let’s find out the pros and cons of using FYERS

Pros, Advantages and Strengths of this broker

• Instant paperless account opening process, open account within 5 Minutes.
• Opening and maintaining a FYERS account is completely free. ZERO AMC charges.
• ZERO brokerage charges for equity delivery trading
• Transparent fees and charges with no hidden costs.
• Fyers provides a single-margin account that simplifies your trading experience.
• A unique thematic investment option allows investing in pre-built groups of stocks based on specific criteria. This simplifies portfolio diversification for beginners.
• FYERS offers a variety of user-friendly platforms including Fyers web, Fyers App, TradingView, Instaoptions, Fyers Direct, Trading Journal & more..
• It is extremely easy to use as it offers an intuitive layout which helps you use the pretty much out of the box.
• School of Stocks by fyers provides powerful educational resources and research tools to learn beginner to advanced trading concepts.
• Helpful support as they have a dedicated forum as well to contact immediately

Cons and Disadvantages of this broker

• No mobile app for the Direct mutual fund platform.
• FYERS does not offer a 3-in-1 account facility, which means that users use banking services from other banks.

TradeMint Ratings & Reviews for FYERS

Ratings are provided based on customer service, usability, fees, and overall charges. Reviews are based on the positive and negative aspects of the broker that help you understand this broker better and deeper.

Overall Average Rating 4.0

Charges Reviews

• Fyers does not charge A/c opening charges or Maintenance Charges also they offer transparent and minimal brokerage charges which may vary based on trading activities.
• Fyers does not charge payment gateway charges, pledge charges, dematerialization charges or check bounce charges.

Customer Service Reviews

• FYERS provides customer support through various channels such as email, phone & raising tickets through the web portal but most users face some delays for resolution.

Verdict

Fyers is one of the successful discount brokers that have made a mark in the domain in lesser time and achieve 500k+ happy active users milestone. The easy applicability of its trading platforms across different devices and exceptional customer service are the major reasons behind its success.

The broker provides simple and transparent pricing, so as to encourage more investors to make investments. Fyers is working hard to include more financial and trading products to expand its portfolio. Fyers offers online brokerage services under multiple financial instruments such as equities, mutual funds, and derivatives. In general, it is a platform that has a great scope of development in India where stock trading is yet to boom.

TradingView integration with FYERS is a game-changer movement for all traders, this integration provides a holistic trading experience to every trader and is also helpful for investors to track all markets.

Today, Fyers is known for its advanced features, quick order execution and a fast, reliable trading experience with intuitive navigation.

Final Thoughts on FYERS Review

Whether you are a newbie trader or an investor, Fyers can definitely help you to start a seamless journey from beginner to advanced.

So far we tried a lot of brokers on TradeMint but FYERS is by far the BEST Trading and Investing platform. I have been using Fyers trading account since 2022, and haven’t encountered any issues up to the present day.

So which Trading account are you currently using? Do you have any more questions about the FYERS? Let us know your thoughts in the comments.

Happy Trading!