FYERS Securities entered the discount brokerage industry comparatively late in 2015. By that time many companies had already established themselves. But still FYERS is able to make space for itself and has onboarded quite a lot of customers.
In this review of FYERS, we will take you through their background, brokerage charges, trading platforms and Pros and cons of the brokerage firm..
About FYERS Securities
FYERS Securities, an online discount brokerage firm headquartered in Bangalore, India, has garnered attention from the Indian trading and investing community since its establishment by Tejas Khoday in 2015.
The company’s primary objective is to deliver a powerful and cost-effective trading platform that meets the diverse needs of Indian traders and investors.
FYERS Securities offers an array of cutting-edge trading tools and capabilities, including advanced charting tools, technical analysis, order management, and a complete suite of educational resources, among other capabilities.
These features make FYERS Securities an appealing choice for traders of varying expertise levels. Moreover, the platform’s affordable brokerage fees and straightforward user interface have contributed significantly to its popularity in the trading community.
Additionally, FYERS Securities has earned a solid reputation for providing outstanding customer support via email, phone, and live chat channels.
Therefore, FYERS Securities is the ideal selection for traders searching for a simple yet outstanding demat account with strong features, affordable brokerage fees, and exceptional customer service.
FYERS Brokerage Charges
The brokerage charges of FYERS is almost same as that of Zerodha
FYERS Account Opening and AMC Charges
- FYERS Demat Account opening charges : Rs Zero
- FYES AMC Charges : Nil
FYERS Trading Platforms
FYERS Securities offers a variety of trading platforms, each with unique features designed to cater to traders and investors with varying levels of experience.
The flagship platform is the FYERS Web Trader, a browser-based interface designed to provide an intuitive and user-friendly trading experience.
With a broad range of advanced features, such as customizable charting, technical analysis tools, and multi-asset trading capabilities, the platform is optimized for desktops and laptops, providing traders with a dependable and powerful trading platform that can be accessed from anywhere with an internet connection.
Furthermore, FYERS Securities provides the FYERS Markets mobile trading app, available for both Android and iOS users, that enables traders to experience seamless trading on-the-go.
Equipped with advanced charting tools, technical analysis indicators, and real-time market data, the app allows traders to access their accounts, place trades, and monitor their portfolio right from the palm of their hands.
Moreover, FYERS Securities also offers an application programming interface (API) that permits traders to develop custom trading algorithms and integrate their trading strategies with the FYERS platform.
As a result, it is an excellent choice for traders who require a high level of customization and automation in their trading strategies.
Pros and Cons of using FYERS Securities
Cons:
- Limited offline presence, which may not be suitable for traders who prefer to have a physical office for support.
- Research and analysis tools may be inadequate for traders who rely heavily on fundamental analysis.
- Limited range of financial instruments available on the platform, which may not suit the needs of all traders.
- Limited global presence, which may not be ideal for traders who wish to trade in international markets.
- No mobile app available for iOS devices
Pros:
- Powerful and intuitive trading platform with advanced trading tools and features.
- Low brokerage fees, making it an affordable option for traders of all experience levels.
- Advanced charting tools that allow traders to analyze price movements and trends over time.
- Educational resources that can help traders improve their trading skills and knowledge.
- Multiple customer support options, including email, phone, and live chat.
Key Features of FYERS Securities
- Trading Platform: FYERS Securities offers a powerful and intuitive trading platform that provides advanced trading tools and features like charting, technical analysis, and order management.
- Low Brokerage Fees: FYERS Securities offers one of the lowest brokerage fees in the industry, making it an affordable option for traders of all experience levels.
- Advanced Charting: FYERS Securities offers advanced charting tools that allow traders to analyze price movements and trends over time. The platform offers a range of technical indicators, chart types, and drawing tools to help traders make informed decisions.
- Educational Resources: FYERS Securities offers a range of educational resources, including webinars, video tutorials, and articles on various topics related to trading and investing.
- Multiple Customer Support Options: FYERS Securities offers a range of customer support options, including email, phone, and live chat, to help traders with any issues they may face while using the platform.
- Mutual Fund Investment: FYERS Securities also offers mutual fund investment options on their platform, providing traders with an additional avenue for investment.
- Margin Trading: FYERS Securities provides margin trading facilities, which enable traders to trade with borrowed funds, thereby magnifying their potential profits (as well as losses).
- Multiple Order Types: FYERS Securities supports multiple order types, such as market orders, limit orders, and stop-loss orders, providing traders with greater flexibility in executing their trades.
- Security and Regulations: FYERS Securities is a SEBI registered broker, providing traders with a sense of security and protection while trading. Additionally, the platform uses advanced security measures like two-factor authentication to ensure the safety of user data and transactions.
FYERS Securities Contact Details :
- Customer Support: +91 80 4625 1111 (Mon-Fri, 9:00 am to 6:00 pm) or support@fyers.in
- Sales: +91 80 4625 1112 (Mon-Fri, 9:00 am to 6:00 pm) or sales@fyers.in
- Compliance: +91 80 4625 1114 (Mon-Fri, 9:00 am to 6:00 pm) or compliance@fyers.in
- Corporate Office Address: #19 & 20, Third Floor, Amarjyothi HBBCS Layout, Domlur, Bengaluru, Karnataka 560071, India
FYERS User Reviews and Customer Ratings
| FYERS Customer Ratings | |
| Brokerage Charges & Fees | 9.1/10 |
| Trading Platforms | 9.2/10 |
| Products & Services | 9.3/10 |
| Experience | 8.6/10 |
| Overall Ratings | 9.05/10 |
| Star Ratings | ★★★★ |
FYERS Review – Final Thoughts
FYERS Securities is a potent and cost-effective trading platform that presents an extensive range of advanced trading tools and features.
The platform’s remarkably affordable brokerage fees make it an attractive alternative for traders of all skill levels, and its state-of-the-art charting tools and educational resources make it an exceptional choice for traders who wish to develop their trading skills and knowledge.
However, FYERS Securities has some limitations that are worth noting, such as its severely limited offline presence and somewhat inadequate research and analysis tools.
Traders who rely on fundamental analysis may find the platform’s research tools to be insufficient for their requirements.
To conclude, FYERS Securities is a robust and dependable choice for traders searching for a cost-effective and dynamic trading platform that provides a broad spectrum of advanced features.
Nonetheless, it may not be the best option for traders who need comprehensive research and analysis tools or who prefer having a physical office for support.
Therefore, if you’re considering using FYERS Securities, make sure to assess your trading needs carefully to determine whether it’s the right platform for you.
Also if you already have account with them, please provide review of FYERS and ratings for the same.
FYERS Securities FAQs
Q. Is FYERS SEBI Approved?
A. Yes, FYERS Securities is a SEBI registered and regulated broker in India with registration no INZ000008524. SEBI stands for the Securities and Exchange Board of India, which is the regulatory body for the securities market in India. Being registered with SEBI means that FYERS Securities complies with all the rules and regulations set forth by the regulatory body, which helps ensure that the broker is trustworthy and operates with transparency and integrity.
Q. Who is the owner of FYERS
A. FYERS is owned by a Bangalore-based company called "The Phoenix & The Dragon." The co-founders of FYERS are Tejas Khoday and Shreyas Khoday.
Q. Is FYERS good for beginners?
A. Yes, FYERS can be a good option for beginners as it provides a user-friendly platform with a comprehensive suite of educational resources. The platform's intuitive interface and advanced charting tools make it easy for beginners to learn the basics of trading and investing. Additionally, the low brokerage fees make it an affordable option for those who are just starting out and want to minimize their trading costs
Q. Does FYERS has unlimited trading plan?
A. No, FYERS Securities does not offer an unlimited trading plan. However, the platform does have a fixed pricing model that charges traders a flat fee of ₹20 per order traded in all segments. This pricing model makes FYERS Securities an affordable option for traders who frequently execute large orders.
Dont Miss to Read Article Related to FYERS Demat Account: