Fyers Securities is a leading Discount Broker based out of Bangalore. Let us have a detailed understanding of Fyers Review, Fyers Demat Account & Brokerage Charges.
Fyers Securities is a revolutionary name in discount brokerage space founded in 2015 by young entrepreneurs. The broker is based in Bangalore and the member of NSE India and for demat, it has partnership with IL&FS Securities Services Limited. One can trade in Equity, F&O, and Currency on NSE.
The broking house has introduced a new way of investing in stocks called “thematic investing” where a bunch of stocks are picked based on certain specific ideas called themes. The logic behind it is to focus on investing in the group of shares that suits your priority and preferences rather than investing in any single stocks. It is very much similar to that of mutual fund investment.
ACCOUNT OPENING CHARGES:
| Demat services | Charges |
| Trading Account Opening Charges | NIL |
| Trading Account Annual Maintenance Charges | Rs 700 |
| Demat Account Opening Charges | NIL |
| Demat Account Annual Maintenance Charges | Rs 400 |
BROKERAGE CHARGES:
| Brokerage | Charges |
| Equity Delivery | Free |
| Equity Intraday | 0.01% or Rs 20 |
| Equity Futures | 0.01% or Rs 20 |
| Equity Options | Rs 20 |
| Currency Futures | Rs 20 |
| Currency Options | Rs 20 |
| Commodity | NA |
TRADING PLATFORMS:
| Trading Platforms | Features |
| FYERS ONE | 1. Advanced charting functionality with up to 30 days of Intra-dayand of up to 5 years of historical EOD data with more than 60indicators. The platform also provides intra-day charts for indices(they claim to be the only one to do that).2. “Stock Screeners” functionality helps to track, filter and researchstocks as per user’s preferences.3. Get a 360-degree view of the world market with minimal clicks.4. Real-time exchange updates and announcements of crucialboard meetings and market happenings.5. Advanced features such as “Heat Maps” can save a good amountof time that might get wasted in going over the numbers one by one at crucial moments. |
| FYERS MARKETS | 1. Data Analytics with maximum relevant informationand less data cluttering that can be confusing.2. Stock screener allows to analyze and find trading opportunitiesacross different sectors and indices at the same time.3. Get access to more than 43 different options strategies.4. Highly interactive charting available. |
| FYERS WEB TRADER | 1. Portfolio tracking available with fund allocation.2. Innovative equity SIP calculator.3. Inbuilt option strategies that are auto-screened tomake it easy to understand. |
PRO’S & CON’S:
| Advantages | Disadvantages |
| High Performance Trading Platforms | No Commodity Trading |
| Low Brokerage Charges | Customer Service can be Improved |
| Free Account Opening |
