Table of Contents
Fyers Account Opening Charges 2024
Fyers Equity Brokerage Charges 2024
Fyers F&O Brokerage Charges 2024,
Fyers Securities is a Bangalore-based online discount stock broker. Incorporated in 2015, it is catering to the dynamic needs of traders in the Indian market. The name ‘Fyers’ is an acronym for ‘Focus Your Energy & Reform the Self,’ which encapsulates the company’s commitment to empowering traders with transparency, innovation, and cost-effectiveness. Founded by a few young entrepreneurs, the company prides itself on providing the best trading platforms while keeping the cost of trading at its lowest in India. Read and find out all about the Fyers charges for the year 2024, including account opening charges, brokerage charges, hidden charges etc, as well as about the trading platforms that it has on offer.
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Fyers Account Opening Charges 2024
Opening an account with it incurs no charges. Keep in mind that online account opening with this broker is free of cost.
Also, there is no Demat account Annual Maintenance Charge (AMC). This makes it a cost-effective option for investors.
If you seek to begin your investment journey with minimal financial outlay, this broker can be a good choice. With a simple pricing model, it has earned its reputation as one of the lowest brokerage stock brokers in India.
Also check out – Zerodha Charges – Account Opening Charges, Account Maintenance Charges etc.
Fyers Brokerage Charges 2024
Fyers operates on a fixed brokerage model. The broker charges a flat fee of Rs 20 or 0.03% (whichever is lower) per executed order across segments. Equity delivery trading incurs zero brokerage charges.
On the other hand, for equity intraday, futures, and options trading in equity, currency, and commodity segments, the broker applies the same Rs 20 per executed order or 0.03% charge, whichever is lower.
It is important to note here that the maximum brokerage chargeable per order remains capped at Rs 20. This ensures cost-effectiveness for traders across various trading activities on the platform.
The broker assures transparent and competitive brokerage fees. It aims to provide accessible and reliable trading services.
At the same time, it allows flexibility to traders in managing their transaction costs across different market segments.
Fyers Equity Brokerage Charges 2024
It imposes various charges on equity brokerage transactions.
- For Equity Delivery, brokerage is Rs 0 (Free), while for Equity Intraday, it is Rs 20 per executed order or 0.03% (whichever is lower).
- Securities Transaction Tax (STT) stands at 0.1% on both Buy and Sell for Equity Delivery and 0.025% on the Sell Side for Equity Intraday.
- Transaction or Turnover Charges on NSE are 0.00325% for both Equity Delivery and Intraday.
- Goods and Services Tax (GST) amounts to 18% on the total sum of Brokerage and Transaction Charge for both types of transactions.
- SEBI Charges are 0.0001% (Rs 10/Crore) for Equity Delivery and Intraday. Stamp Charges, applicable on the buy-side, are 0.015% (Rs 1500 per crore) for Equity Delivery and 0.003% (Rs 300 per crore) for Equity Intraday.
Fyers F&O Brokerage Charges 2024
- It charges a flat rate of Rs 20 per executed order or 0.03% (whichever is lower) for F&O brokerage.
- Alongside this, traders are subject to various taxes including STT, Transaction Fee, GST, SEBI charges, and Stamp Duty.
- For Futures, the broker levies Rs 20 per executed order or 0.01%, while for Options, it is Rs 20 per executed order.
- STT for Futures is 0.01% on the sell side and for Options it is 0.05% on the premium.
- Transaction charges for NSE stand at 0.0019% for Futures and 0.05% for Options. GST, at 18%, applies to the sum of Brokerage and Transaction Charge for both Futures and Options.
- SEBI charges 0.0001% (Rs 10/Crore) and Stamp Charges stand at 0.002% (Rs 200 per crore) on the buy-side for Futures, and 0.003% (Rs 300 per crore) for Options.
Fyers Hidden Charges 2024
Fyers brokerage conceals several charges, including Call & trade fees, Broker-initiated position squared-offs, and SMS trade alerts.
- Call & Trade services incur an extra cost of Rs 50 per order.
- Admin Square Off charges an additional Rs 50 per executed order, applicable for all MIS/BO/CO positions not squared off by customers.
- Digital contract notes are sent via email.
- Physical copies incur an additional Rs 20 per contract, with additional courier charges.
- DP transaction charges for delivery-based equity selling amount to Rs 10 per transaction plus depository charges.
- These hidden charges can significantly impact traders’ overall costs and should be carefully considered when evaluating the brokerage services of Fyers.
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Fyers Trading Platforms 2024
The trading platforms of Fyers offer a comprehensive suite of tools. These are tailored to the needs of traders and investors. These are evolving continuously, to integrate new features and enhance user experience.
The platforms include:
- Fyers App, designed for mobile traders and investors, providing advanced features such as multiple watch lists, stock screening, and live quotes.
- Fyers Web, which caters to website-based trading. It offers a portfolio tracker and live data feed accessible from any browser.
- Fyers One, a trading terminal, which targets professional traders with advanced charting, F&O analysis tools, and portfolio tracking capabilities.
- Fyers Next, a desktop terminal, which boasts real-time widgets, TradingView integration, and 360-degree stock analysis features.
- Further, it provides platforms for safe investments in Sovereign Gold Bonds, Offer for Sale, and Bonds, alongside a vibrant community forum and the School of Stocks app for interactive learning and knowledge sharing.
With its commitment to innovation and user-centric design, Fyers offers powerful trading platforms that are aimed to empower traders. Each of these platforms helps them to overcome the complexities of the market efficiently and effectively.
Also read: Angel One Vs Fyers: Trading and Demat Account Opening, Charges, Brokerage Charges etc.
Conclusion
Fyers continues to redefine the landscape of online trading in India. It is offering a simple and cost-effective pricing model, along with a range of free trading platforms. The broker empowers traders to focus their energy on making informed investment decisions and reforming their financial futures. As a trader, you can expect to have a seamless and rewarding trading experience with the broker for years to come.
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