FYERS is a Bengaluru-based fintech startup in India that provides a technology-based platform for trading and investing in Indian stock markets. Founded in 2015, it has grown to serve over 8.5 lakh customers.
Here's a breakdown of what Fyers offers:
Services and Products:
Trading Segments: Fyers is a member of NSE, BSE, MCX, CDSL & NSDL, allowing users to trade in:
Equity (Intraday and Delivery)
Futures & Options (F&O)
Currencies
Commodities
Investment Options:
Direct Mutual Funds (via Fyers Direct)
IPOs
Offer for Sale (OFS)
Sovereign Gold Bonds (SGB)
Debt Markets (G-Secs, T-Bills, SDL)
Thematic Investments (investing in a basket of stocks based on a particular theme or sector)
Trading Platforms: Fyers offers a suite of trading platforms designed for various needs:
Fyers Web & App: An all-in-one platform for trading and investing, featuring screeners, scalper terminal, smart orders, and a unified market view.
Fyers Trader: A web platform powered by TradingView, focusing on chart-driven trading and technical analysis. It offers drag & drop trading from charts, price ladder trading, and extensive historical data and indicators.
Fyers One: A robust desktop trading platform with advanced analytical tools, F&O analysis tools, technical screeners, portfolio tracker, and EoD reporting.
Insta Options: An options analytics platform.
Fyers Next: A platform known for lightning-fast execution (as fast as 50 milliseconds), custom columns, advanced filters, and real-time widgets.
Fyers API: For enterprise-grade algorithmic trading.
Other Features:
Fyers Pledge: Allows pledging of equities, ETFs, and mutual funds to get collateral margins.
Fyers Insights: A trading widget platform.
Fyers Alerts: For real-time updates and notifications.
Fyers Journal: A personal writing space for traders.
Calculators: Including Margin, Brokerage, SIP, Lumpsum, Average Share Price, and MTF calculators.
School of Stocks: A free online learning platform for stock market education.
Fyers Community: A forum for stock market insights and networking.
FIA (Fyers Intelligent Assistant): An AI-powered assistant to create screeners.
Call & Trade Facility: For placing orders over the phone (charges apply).
Brokerage Charges:
Fyers follows a discount brokerage model with competitive pricing:
Equity Delivery: ₹0 (free)
Equity Intraday: ₹20 per executed order or 0.03% of transaction value, whichever is lower.
Equity Futures: ₹20 per executed order or 0.03% of transaction value, whichever is lower.
Equity Options: Flat ₹20 per executed order.
Commodity Trading: Flat ₹20 per executed order.
Currency Trading: Flat ₹20 per executed order.
Mutual Funds & IPOs: ₹0 brokerage.
Account Opening Charges: ₹0
Demat Annual Maintenance Charges (AMC): ₹0 for the first quarter, then applicable charges.