Fyers Review 2025 - App, Brokerage Charges, Demat Account Opening Fee
FYERS, founded in 2015, has quickly gained attention in the Indian brokerage market with its technology-driven platform and affordable brokerage model. Catering to both beginners and experienced traders, FYERS provides a wide range of features that make it a competitive choice in the discount brokerage industry. This review covers the core features of FYERS, its account opening and brokerage charges, and evaluates customer feedback—both positive and negative.
1. Features of FYERS
a. User-Friendly Platforms
FYERS provides two main trading platforms:
- FYERS Web: A robust and efficient web-based trading platform that offers advanced charting tools, multi-watchlists, and a user-friendly interface.
- FYERS Mobile: FYERS Mobile app brings trading on the go, providing similar functionality as the web platform, with live market data and analysis tools.
b. Free Investment Learning
FYERS offers comprehensive educational content through FYERS School, which is designed to help traders of all levels understand market dynamics and trading strategies.
c. Seamless Trading Across Multiple Segments
FYERS allows trading in a variety of segments including:
- Equity
- Derivatives (Futures and Options)
- Commodities
- Currencies
This multi-segment functionality makes it convenient for traders to diversify their portfolios.
d. Charting Tools and Technical Indicators
FYERS platforms come with over 65 technical indicators and advanced charting options, making them ideal for traders who rely heavily on technical analysis.
e. FYERS Direct Mutual Fund Platform
FYERS Direct is a platform for direct mutual fund investments, offering users a chance to diversify into mutual funds with zero commission and full transparency.
2. Account Opening and Brokerage Charges
a. Account Opening Charges
FYERS offers competitive account opening charges:
- Equity Account Opening: ₹400 (one-time fee)
- Commodity Account Opening: ₹400 (one-time fee)
- Demat Account Opening: ₹400 (one-time fee)
The total cost for opening an equity, commodity, and demat account is ₹1,200, making it relatively affordable for new traders.
b. Brokerage Charges
FYERS employs a flat fee brokerage model, similar to other discount brokers:
- Equity Delivery Trades: ₹0 (Zero brokerage)
- Equity Intraday Trades: ₹20 or 0.03% of trade value, whichever is lower
- Equity Futures: ₹20 or 0.03% of trade value, whichever is lower
- Equity Options: ₹20 per order
- Commodity Trading: ₹20 or 0.03% of trade value, whichever is lower
- Currency Futures: ₹20 or 0.03% of trade value, whichever is lower
- Currency Options: ₹20 per order
Additional charges include exchange transaction fees, SEBI turnover fees, and GST. The transparent pricing model makes it easy to track trading costs.
3. Customer Reviews: A Balanced Perspective
a. Positive Feedback
- Low Brokerage Costs: FYERS' low brokerage fees, especially for intraday traders, are highly appreciated by users looking for cost-effective trading solutions.
- Advanced Charting Tools: Traders have praised FYERS for its comprehensive and easy-to-use charting tools, which are crucial for technical analysis.
- Fast Account Setup: Users appreciate the quick and seamless account opening process, which can be completed within a few hours.
- Educational Resources: FYERS School has received positive feedback for offering valuable educational content for both beginners and experienced traders.
- Responsive Customer Support: FYERS has been recognized for its prompt and helpful customer support services, addressing issues in a timely manner.
b. Negative Feedback
- Platform Downtime Issues: Some users have reported occasional downtimes during peak trading hours, which can be disruptive.
- Lack of Research Tools: FYERS does not provide extensive research or advisory services, which is a limitation for traders who depend on expert opinions.
- No Branch Support: FYERS operates primarily online, which may be a drawback for users who prefer face-to-face interactions.
- Limited Third-Party Integrations: Traders looking for third-party software integrations for analysis or trading strategies may find FYERS to have limited options in this area.
Conclusion
FYERS offers an impressive set of features with low brokerage fees, making it a strong contender in the discount brokerage space. Its advanced platforms and educational resources are particularly attractive for new traders and those who rely on technical analysis. However, the lack of research services and occasional platform downtimes may deter some users. Overall, FYERS is a solid choice for traders looking for a cost-effective and technologically advanced brokerage solution.