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. 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. 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.
Open an account with Angel One.
Fyers Account Opening and AMC 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.
With a simple pricing model and transparency in showing all brokerage charges on website, it is important to have a look at charges of fyers.
Also check out – Zerodha Charges – Account Opening Charges, Account Maintenance Charges etc.
Fyers Brokerage Charges 2024
Fyers operates on a fixed brokerage model. Equity delivery trading incurs zero brokerage charges. Mutual Funds and ETFs are also free of cost.
On the other hand, for equity intraday & futures, the broker applies the 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.
Option charges are flat Rs. 20 per order.
The brokerage charges of Fyers are exactly same as Zerodha and Angelone in all segments of Equity.
Regulatory charges – Equity
- 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.
- Exchange Transaction charges on NSE are 0.00325% and on BSE are 0.00375% for both Equity Delivery and Intraday.
- SEBI Charges are 0.0001% (Rs 10/Crore) for Equity Delivery and Intraday.
- Goods and Services Tax (GST) amounts to 18% on the total sum of Brokerage + Sebi fee and Transaction Charge for both types of transactions.
- 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.
Regulatory Charges- F&O
- STT for Futures is 0.01% on the sell side and for Options it is 0.05% on the premium.
- Exchange 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.
- Stamp Duty charges are 0.002% in futures and 0.003% in Options.
Fyers Hidden Charges 2024
Fyers brokerage reveales several charges, including Call & trade fees, Broker-initiated position squared-offs, and SMS trade alerts on their official website. People don’t pay attention to these charges generally but when they take that particular service this charge is applied and people think that it is some hidden charge.
- 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.
- 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 charges can significantly impact traders’ overall costs and should be carefully considered when evaluating the brokerage services of Fyers.
Open an account with Upstox.
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.
Q1. What are the disadvantages of Fyers?
Their app has received significant complaints about hags and lags at crucial times and Their customer support is also considered weak among customers.
Q2. Is Fyers lifetime free?
yes, they do not levy any annual maintenance charge for lifetime and Account opening is also available at Zero Cost.
Conclusion
Fyers brokerage charges are exactly equal to zerodha and angelone. Moreover Fyers does not charge account opening and account maintenance which makes its charges even more appealing than these two veteran brokers. But as a Relatively new broker than zerodha and Angelone you may have to compromise with Customer service a little bit. Though You can open demat account in Fyers.
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