Fyers

Fyers is a low brokerage stock broker in India. They are among the cheapest stock broker online. Fyers Securities is a Bangalore based online discount stock broker. It was incorporated in 2015.

No matter how big your order, Fyers charge maximum of ₹20 per executed order. Fyer doesn’t charge any brokerage in Equity Delivery segment.

Fyers’s Trading Platforms

Unlike most other brokers, Fyers has developed its own trading platform. This includes front end as well as backend (including risk management engine and order management system). The trading platform is still in evolution and tons of new features are being added every month.

Fyers trading platform has 3 major applications:

  1. Fyers One (Trading Terminal) It is an advanced trading platform that will help you make informed trading decisions. Some of the unique features in Fyers One are heatmaps, stock screeners, intraday scanners, support & resistance filters, real-time market wide analytics and other key information like FII/DII data, RBI key rates, global markets performance etc. For F&O traders, we have live options chain, options greeks and market wide and stock specific open interest analysis.
  2. Fyers Markets (Mobile Trading App) Is a robust mobile trading app designed to help you trade quickly while you are on the go. You can track the performances of all major equity indices in real-time, add 25 scrips in your watchlist and you can create up to 5 different watchlists. We also have some useful screeners which can help you make trading decisions. Some of them include resistance and support, high/low breakers, trending screeners etc.
  3. Fyers Web Trader Using TradingView charts, we have developed a world-class trading platform on the web. Its multi-chart setup allows you to view up to 8 charts simultaneously. For the first time in India, we have introduced Price ladder (DOM) trading and trading directly from charts. It has more than 20 years of historical EOD data, extensive intraday historical data and all F&O historical prices since inception.

Fyers Special Offers

Fyers offer FREE Trading Account (₹0 account opening fee). Equity delivery trades are FREE (no brokerage), for other segments you pay ₹20 per trade flat broekrage fee.

This is a limited time offer. Simply Register here with us and Fyers representatives will contact you.

Fyers Account Opening Charges

Trading Account Opening Charges₹0 (Free)
Demat account Opening Charges₹0 (Free)
Trading Annual maintenance charges (AMC)₹0 (Free)
Demat Account Annual Maintenance Charges (AMC)₹400 per year

Fyers Brokerage Charges

SegmentBrokerage Fees
Equity DeliveryFree (No Brokerage)
Equity Intraday₹20 per executed order
Equity Future₹20 per executed order
Equity Options₹20 per executed order
Currency Futures₹20 per executed order
Currency Options₹20 per executed order

Fyers Equity Brokerage Charges Details

Fyers ChargesEquity DeliveryEquity Intraday
Brokerage₹0 (Free)₹20 per executed order or 0.01% (whichever is lower)
Securities Transaction Tax (STT)0.1% on both Buy and Sell0.025% on the Sell Side
Transaction / Turnover ChargesNSE: 0.00325%NSE: 0.00325%
Goods and Services Tax (GST)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI Charges₹15/Crore₹15/Crore
Stamp Charges*State wiseState wise

Fyers F&O Brokerage Charges Details

Charges for Equity, Currency and Commodity F&O Trading at NSE and MCX.

Fyers ChargesFuturesOptions
Brokerage₹20 per executed order or 0.01% (whichever is lower)₹20 per executed order
Securities Transaction Tax (STT)0.01% on Sell Side0.05% on Sell Side(on Premium)
Transaction / Turnover ChargesNSE: 0.0021%NSE: 0.053%
Goods and Services Tax (GST)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI Charges₹15/Crore₹15/Crore
Stamp Charges*State wiseState wise

Fyers Fee Structure Details:

  • Securities Transaction Tax (STT): Charged only on the sell side for intraday and F&O trades. It is charged on both sides for delivery trades in equity segment.
  • *Stamp Duty for all states in India and NRIs: Charged based on the state where customer lives.
  • Goods and Services Tax (GST): This is charged at 18% of the total cost of brokerage plus transaction charges.
  • SEBI Charges: This is charged at ₹15 per Crore.

Other Charges of Fyers:

  1. Call & Trade is available at an extra cost of ₹20 per order.
  2. Admin Square Off is charges additional at ₹20 per executed order. This is applicable for all MIS/BO/CO positions which are not square off by the customer.
  3. Digital Contract notes are sent via Email. Physical copies of contract notes can be ordered at additional charge of ₹20 per contract. Courier charges are extra.
  4. DP transaction charges for delivery based equity selling – ₹20 per transaction + depository charges.

Fyers Exposure Margin

Fyers leverage for intraday, delivery, options, currency and commodities are as below

SegmentExposure Margin
Equity Delivery1 times
Equity IntradayUp to 16x (based on the stock)
Equity FutureIntraday – 4 Times, Carry forward – 100%(1x) of Total margin (Span+ Exposure)
Equity OptionsIntraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward – 1x
Currency FutureIntraday – 40% (2.5x), Carry forward – 100%(1x) of Total margin (Span+ Exposure)
Currency OptionsIntraday – 40% (2.5x), Carry forward – 100%(1x) of Total margin (Span+ Exposure) (Options selling)
Commodity FutureNA

Fyers Exposures (Margin)

  1. Intraday Trading: Fyers offers upto 16 times margin (or leverage or exposure) in Equity Intra-day segment. Margins are given only for Intraday trading. The actual margin depends on the script. Fyers doesn’t offer any margin on delivery trades.
  2. Fyers Exposure for trading in Futures (Index or stocks) – Fyers lets clients take MIS (Margin Intraday Squareoff) positions with following margin:
    • Equity & Index futures – 4 times of NRML(Normal) margin (Order squared off at 3:20pm)
    • Currency futures – 2 times of NRML(Normal) margin (Order squared off at 4.30pm)
  3. Fyers Margin for Options – 4 times of NRML(Normal) margin (Order squared off at 3:20pm)

Fyers Margin Examples

  1. Equity: For example, assuming the leverage/margins is 16x on RELIANCE stocks, it means that with ₹10,000 in your trading account, you can take a position of up-to ₹1,60,000.
  2. Futures & Options selling: Let’s assume that the SPAN + Exposure margins for 1 lot of Nifty futures are ₹80,000. A leverage of 4 times (4x) means that you will be able to take a position with just ₹20,000 (20,000*4 = 80,000).
  3. Options Buying: For option buyers, SPAN + Exposure margins are not applicable. To initiate a trade, you will have to pay the entire premium for 1 lot. However, Fyers provided some leverage for near-month Nifty contracts. Normally, to buy Nifty 11800CE you’ll have to pay the entire premium of ₹7500. (100 Price* 75 Lot Size). However, if you use cover orders to buy, you will get some margins/leverage and you can buy it for a lesser amount. With a leverage of 1.3x, you will be able to buy 1 lot with just ₹5770 (7500/1.3).
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