Fyers Review 2023: Know everything about it in detail

Created on 13 Oct 2023

Wraps up in 6 Min

Read by 958 people

Updated on 29 Nov 2023

Fyers is an online stockbroker who has made a significant impact on the world of trading and investing in India. Established in 2015, Fyers stands for "Focus Your Energy & Reform Self" and has become a popular choice among traders and investors. It is committed to empowering individuals with the necessary tools and knowledge to succeed in the financial markets. As a customer-centric and technology-driven brokerage firm, Fyers offers a wide range of trading and investment solutions, including equity trading, commodity trading, derivatives trading, and more.

What sets Fyers apart is its focus on providing cutting-edge technology and a user-friendly platform to help both novice and experienced traders make informed decisions. With competitive pricing, advanced charting tools, educational resources, and a simplified approach to complex financial concepts, Fyers has become a go-to choice for those looking to venture into the world of stock trading and investing.

In this article, we will explore the various features and offerings of Fyers, delving deeper into how it has earned its reputation as an innovative and customer-centric stockbroker in the Indian market.

Overview of Fyers

Fyers is a stock broking company that allows you to trade and invest in various segments of the Indian stock market, such as equity cash, equity delivery, futures and options, and currency derivatives. It is a member of NSE, BSE, MCX, and CDSL and is regulated by SEBI. Fyers claims to offer the lowest brokerage charges in India, with a flat fee of ₹20 per executed order across all segments. It also offers free equity delivery trading and direct mutual fund investments.

One of the unique features of Fyers is its thematic investing platform, which lets you invest in predefined portfolios of stocks based on certain themes or ideas. For example, you can invest in a theme called "Hamara Bajaj’ which comprises companies from the Bajaj Group. You can also create your own themes or follow the ones created by other investors. Thematic investing is a way of diversifying your portfolio and aligning it with your interests and goals.

Fyers also provides various trading platforms for its customers, such as a web-based platform and a mobile app. All these platforms are designed to be fast, user-friendly, and feature-rich. You can access real-time market data, advanced charting tools, technical indicators, scanners, screeners, alerts, and more on these platforms. You can also integrate your trading account with third-party platforms like TradingView and Quantiply for more analysis and automation.

What are the benefits of Fyers?

Fyers has many benefits for traders and investors who are looking for a low-cost broker with thematic investing. Some of the benefits are:

What are the drawbacks of Fyers?

Following are a few drawbacks of Fyers that you should be aware of before opening an account with it: 

Trading Tools by Fyers

Fyers also offers an array of trading tools and features to ease the trading experience. Some of them are:

Fyers, in comparison with other discount brokers in India






Account Opening Charges



₹0 ₹0

Account Maintenance Charges





Call & Trade Charges





Equity Delivery




₹20 or 0.05% per order  

Equity Intraday




 20 or 0.05% per order  


Our Verdict

Fyers is a trading platform that stands out for its cost-effective structure, as it does not charge any account opening or maintenance fees. This makes it an attractive option for traders and investors who want to minimise their trading costs. The platform has a user-friendly interface that simplifies trading activities, enabling users to interact seamlessly with chart data, place orders, and access technical indicators. However, Fyers' customer service falls short, with reports of unhelpful responses and delays in issue resolution. Although Fyers offers flexibility in account opening, with online and offline options available, the offline process can be slower due to document verification requirements. On the other hand, the online account opening process is streamlined and user-friendly, validated through In-Person Verification (IPV), which accelerates the account opening process. It's important to note that Fyers currently does not provide NRI account openings, limiting its reach in the market. 

Therefore, Fyers is a suitable option for traders and investors who are looking for a low-cost broker with thematic investing. 

If you're interested in opening an account with Fyers, you can do so through Select by Finology, a comparison platform that helps you compare and choose the best stock broker in India with its advanced features. 

So, why wait? Visit Select by Finology today to open your Demat account with Fyers, or choose from over 20 other brokers.