What is FYERS?
FYERS is an Indian digital stockbroker focused on trading platforms, charting tools and investment services.
Best suited for: Active traders and investors.
Key highlights: Advanced Charting Tools and Trading Platforms & APIs.
FYERS Brokerage and Important Charges
The table below focuses on the costs most traders and investors should check first. Brokerage is not the total cost of a trade: taxes, exchange fees and other applicable charges may be additional.
| Charge | Amount |
|---|---|
| Account opening | Free |
| Demat AMC | Free |
| Equity delivery | ₹20 or 0.3%, whichever lower |
| Equity intraday | ₹20 or 0.03%, whichever lower |
| Equity futures | ₹20 or 0.03%, whichever lower |
| Equity options | ₹20/order |
| DP charges on delivery sell | ₹12.5 + GST per ISIN |
| Call & trade | ₹50 + GST |
| Auto square-off | ₹50 + GST |
Rates are drawn from the central broker database. Confirm the latest applicable tariff, taxes and account-specific conditions with the broker.
Understanding these charges
Brokerage is the broker's fee for executing a trade. DP charges can apply when shares are sold from a demat account, even where delivery brokerage is zero. AMC is an account maintenance fee that can vary by account category. Traders should also consider auto square-off fees, applicable taxes and financing costs before estimating their total expense.
FYERS Trading Platforms and Services
FYERS is designed around self-directed investing and active trading, with a chart-heavy experience, market discovery tools, options analytics and automation features.
FYERS Web, FYERS App and FYERS Trader
FYERS Web and App bring investments, market research, watchlists, charts, orders and portfolio views together. FYERS Trader provides another advanced chart-led workflow, including TradingView-based charts, multi-chart layouts, quick trades and price-ladder functionality.
TradingView Charts and Trade-from-Chart Orders
FYERS supports technical analysis using chart indicators, drawing tools, historical data and configurable layouts. On supported platforms, traders can place, modify and cancel eligible orders from charts rather than moving repeatedly between separate screens.
Option Scalper and Advanced Options Analytics
FYERS offers an Options Scalper workspace for fast chart-based options execution, with separate web and mobile experiences. Option-chain tools, Greeks, open-interest data, implied volatility and strategy-building features help traders assess contracts and positions. One-click trading can increase operational risk if order details are not checked carefully.
Screeners, Market Heatmaps and Smart Watchlists
Stock and derivatives screeners, market heatmaps, smart watchlists and fundamental information help users research opportunities. The FYERS intelligent assistant (FIA) also provides AI-assisted market research and screening tools; its outputs require independent review.
FYERS Automate, API and Risk Management
FYERS provides no-code automation workflows and API capabilities for more technical users. Supported order-management features include alerts, position monitoring and Smart Exit functionality. Automated systems require monitoring and clear controls for unexpected market or technical conditions.
Trading and Investment Products
FYERS supports stocks, derivatives, commodities and selected other trading segments, alongside ETFs, mutual funds and IPO applications. Its current standard pricing lists ₹0 AMC but applies brokerage to equity delivery transactions. MTF and securities pledging are additional services with their own terms.
How to Open a FYERS Account
Eligible applicants can start the FYERS account-opening process online. Review the account-opening fees, KYC requirements and eligible segments before submitting the application.
Documents and details to keep ready
- PAN: For identity and tax verification.
- Aadhaar and linked mobile number: For applicable online KYC and e-sign procedures.
- Mobile number and email: For registration and account communications.
- Bank account information: With bank proof if requested.
- Signature and photograph: If requested during verification.
- Income proof: May be needed to activate derivatives or other eligible trading segments.
Account-opening process
- Start the application: Open the FYERS account-opening link below.
- Verify contact details: Complete the requested mobile and email checks.
- Provide PAN and personal information: Enter the details accurately.
- Complete KYC: Follow the applicable identity and address verification steps.
- Link your bank account: Provide the requested details and proof.
- Select trading segments: Supply any additional documents needed for activation.
- Review, e-sign and submit: Check the displayed terms and await account confirmation.
FYERS Pros and Cons
FYERS's strongest benefits lie in charting, options workflows and platform tools, while its costs matter for delivery investors and users of assisted trading.
Advantages of FYERS
Advanced TradingView-based charts: FYERS Trader and supported web tools offer technical studies, multiple layouts and direct chart-based order management.
Options-specific trading tools: Option Scalper, strategy analysis, Greeks and open-interest views may appeal to active derivatives traders.
Smart discovery and analysis: Screeners, heatmaps, detailed symbol information and smart watchlists simplify research across market segments.
Automation and API tools: FYERS Automate and developer APIs provide avenues for systematic execution and monitoring.
Free account opening and AMC: The standard tariff lists ₹0 account-opening charges and ₹0 demat AMC.
Broad products in one ecosystem: Stocks, F&O, commodities, ETFs, mutual funds and IPO access serve both traders and investors.
Competitive standard trading pricing: Intraday and futures brokerage uses a capped percentage model, while options brokerage is generally ₹20 per executed order.
Disadvantages of FYERS
Equity delivery is not brokerage-free: The standard tariff charges ₹20 or 0.3%, whichever lower on executed delivery orders.
Call & Trade carries a higher fee: Assisted orders attract ₹50 + GST.
Broker-initiated square-off costs extra: Admin square-off costs ₹50 + GST.
Lower subscription brokerage is conditional: The advertised ₹15-per-order Prime rate requires a paid plan; traders should weigh subscription costs against savings.
Complexity for casual investors: Scalper tools, strategy analytics and automation may be unnecessary or harder to learn for simple long-term portfolios.
Who Should Consider FYERS?
FYERS may be worth comparing for self-directed traders who prioritise charts, digital trading interfaces, API access and a range of exchange segments. Long-term delivery investors should pay particular attention to brokerage and DP fees.
Our FYERS Review Verdict
FYERS is an option for traders who prioritise advanced charting, derivatives analysis, direct chart orders and automation tools. Zero standard AMC and a wide platform feature set are attractive, but delivery brokerage, assisted-order fees and paid-plan economics deserve scrutiny before choosing it.
View additional service and account charges
| Account Opening Charges | Free |
|---|---|
| AMC Charges | Free |
| DP Charges | ₹12.5 + GST per ISIN |
| Call & Trade Charges | ₹50 + GST |
| Auto Square-Off Charges | ₹50 + GST |
| Delayed Payment / Debit Balance | 0.041% per day |
| Intraday Auto Square-Off Time | Equity: 3:20 PM F&O (indices and stocks): 3:20 PM Currency: 4:50 PM Commodities: 11:20 PM / 11:45 PM, depending on seasonal market hours and daylight-saving adjustments |
| Payment Gateway / Netbanking | 0 |
| Instant Withdrawal | 0 |
| Stock Pledging | ₹5 + GST per ISIN |
| Stock Unpledging | ₹5 + GST per ISIN |
| API Subscription | Free |
| Buyback | ₹ 20 per executed order or 0.3% per executed order (whichever is lower) |
| Take Over | ₹ 20 per executed order or 0.3% per executed order (whichever is lower) |
| Offer for Sale (OFS) | ₹ 20 per executed order or 0.3% per executed order (whichever is lower) |
View additional platform and service specifications
| NRI Accounts | Yes |
|---|---|
| Non-Individual Accounts | Yes |
| Trading API | Yes |
| IPO Applications | Yes |
| Mutual Funds | Yes |
| MTF | Yes |
| Stock Pledging | Yes |
| Web Trading | Yes |
| Mobile App | Yes |
| Platform / App | FYERS |
