Fyers Review Stock broking’s new horse, startling the veterans with its technical niche.

Fyers, incorporated in 2015, under the aegis of founder and CEO Tejas Khoday, has caught the stock brokerage market by storm.

Based out of Bangalore, the broking house claims to offer the best-in-class trading experience through its smartly designed trading platforms.

Fyers has a team of individuals who’ve already worked with giants with whom they are currently locking horns, very well knowing the intricacies and shortcomings involved in online stockbroking.

Fyers review, Demat A/C , Brokerage Charges, Platform & More

With innovative trading concepts like ‘Thematic Investment’, that involves investing in ideas and sectors of the future, and ’30 Days Challenge’, wherein if you have traded profitably for 30 days then your brokerage will be refunded, they have revolutionised the trading industry.

Fyers offers services in Equity Cash, F&O, and Currency Derivatives segments at NSE.

Recently Fyers tied up with True Data for providing Data feeds through their trading API, enabling them to provide real-time market data and easing customers for Algo trading.

Fyers Advantage and Disadvantage 

Fyers Pros:-

• Offers free equity delivery trading. 
• Cheapest stockbroker offering ultra-low brokerage, charging flat ₹20 per trade maximum brokerage across trading segments, irrespective of the size of the trade. 
• ’30 Days Challenge’ awards you with brokerage refund for staying profitable until 30 days. 
• No hidden charges, ethos transparency. 
• Best in class Trading platforms with advanced features.

Fyers Cons:-

• Doesn’t offer the facility of a 3-in-1 Demat account. 
• Exchange transaction charges are higher as compared to other discount brokers. 
• No toll-free customer service.
  

Brokerage Charges of Fyers

Transparency is one feature that clearly reflects in Fyers costing system. The brokerage charged for various facilities are

Fyers also offers the Best to there Customer

Free Demat Account from Lowbrokers.com

How much Trading Expertise of fyers as a broker.

Though Fyers was launched in 2015, the broking house has attained great levels of expertise in the area of discount trading and has brought in some innovative things like “Thematic Investing”.

Under this, a bunch of stocks is chosen based on specific ideas and sectors known as themes.

These themes are nothing but economy-oriented companies with good business prospects that are expected to perform well in times ahead.

You can consider it like investing in equity mutual fund schemes that are related to a specific theme/sector over mutual funds that invest in an array of stocks irrespective of the sector/field.

Technology of Fyers 

Being a tech-enabled discount broking firm, Fyers changed the game with the free investment opportunity and ultra-low brokerage for its clients. Cutting edge technology is the USP of Fyers, wherewith an array of widgets like Trading view and API, it has made online trading a cakewalk for newbies as well as relieved the prodigies.

Fyers has introduced its in-house trading platforms for traders, making its presence felt on desktops and smartphones ad well.

With ‘FYERS One’ installable software for computers, ‘FYERS Markets’ mobile trading application available across Android and iOS devices, and ‘FYERS Web Trader’ for browser-based trading, it is making its presence felt everywhere and making trading hassle-free for its customers.

Usability of Fyers :-

Fyers offers unique tools and interactive widgets for trading, with new features being added every month. It promises its users a remarkable trading experience.

For example, there are calculators like for option strategies and margin calculations that ease users when it comes to trading smoothly.

With the newly added TradingView widgets, you can get a glimpse of the latest information on a company’s market data. 

The platform also has a referral program wherein you refer your friend to the website and once he/she begins trading with the platform then the platform shares with the referrer 10% of the total revenue generated by the referred clients on the monthly basis.

The silver lining is that there is no upper limit to the amount that the referrer can earn and once a client is mapped under a referrer he’ll be mapped for life, making each successful referral is potentially a permanent source of passive income. 

Mobile Applications of fyers:

Fyers Markets is the leading mobile trading app by Fyers available on Android and iOS devices.

The best part of this app is it consumes low internet bandwidth and convenient interface with only necessary information.

The also boasts of fund transfer with more than 25 banks can be done right within the mobile app.

In a new, FYERS also announced accepting UPI Payments on FYERS Web and FYERS Market mobile app, now users won’t have to enter bank account related information or their net banking credentials, making transactions safe and hassle-free.

Product Offering by Fyers

Fyers primarily offers 4 stock trading platforms namely:

1. Fyers Web (Web-based Trading Platform) 
2. Fyers One (Trading platform for Desktop) 
3. Fyers Markets (Mobile Trading App) 
4. Thematic Investment (Stock Portfolio)

Fyers is a member of NSE and MCX and offers services in the following categories:

• Equity , Currency , Mutual Funds , Derivatives , IPOs

Fyers has also revised the intraday equity brokerage with the removal of seven-rupee minimum brokerage, making the process more compact and smoother.

News and Research of Fyers

Fyers always endeavors to keep their customers updated with the latest stock news, insights, and report. This is one area where Fyers emerges out a clear winner and most of its customers are happy with the tips and suggestions provided by the discount broker. Fyers also offers blogs on various market updates and the company’s developments.

Fyers blogs cover all kinds of topics from trading basics for rookies to advanced training psychology for experienced stock pandits, making it informative and business-friendly at the same time. Fyers also provide investment advisory, news, alerts etc. while other discount brokers only concentrate on low brokerage. 

Portfolio Analysis and Reports of Fyers 

Due to its technology-led approach and customer-centric methodology, Fyers provides the most comprehensive yet easy to digest portfolio analysis and reports.

For example, it gives highly advanced charting with EOD data of 20+ years, 70+ indicators, and intraday (1 min & 5 min) of up to 30 days.

The platform also has a feature called “Heat Map” which helps you to understand the potential leaders of the day, who is leading and losing the day’s stock market.

Fyers one has in-built stock screeners that help customers identify trends, supports and resistance levels, circuit breakers, etc.

The platform also features the “FnO Analysis” tool for quicker but sound investment decision making. There are customizable workspace and watchlists.

Customer Support of fyers 

When it comes to serving its customers, Fyers has an edge as it is new in the market and well aware of the bad reputation of other discount brokers in terms of customer service.

Fyers have enabled both emails as well as phone support like most of the other typical discount brokers.

Customer support is an area where the platforms need to pay heed to for aspects like unavailability of toll-free customer care helpline don’t go well with the reputation of the platform that boasts of making stock brokerage easy for customers

The available contact options are:

• Email , Phone (9 AM to 8 PM) , Web Chat , Play Store , Social Media (Facebook)

In terms of query resolution, Fyers shows an average performance.

Investor Education & Security of Fyers 

The platform has a one of a kind initiative that aims on increasing the knowledge of customers and promises to answer the prejudices and biases on stocks with its ‘School of Stocks’ initiative, claiming to expand the levels of financial literacy in India.

Fyers’s School of Stocks is an impressive trading education platform that comes for free and is regularly updated with the latest content to help people continually learn and discover more about the capital markets.

Fyers is committed to helping augment its customer’s knowledge about trading & investments and will regularly publish content in a systematic manner.

The module is designed and curated by industry experts, increasing the relevance and accuracy of course. The objective is to help you understand all the major concepts from ground-up. The material is structured in modules and chapters. 

As a customer, you can get a brief understanding of what you’re going to learn beforehand by reading the description mentioned in the table of contents.

While reading, if you want to bookmark or mark a reference to any particular section on the School of Stocks, click on any lesson, paragraph, or sub-heading to generate a unique URL (link). You can store or share this with your peers.

The Verdict of Fyers 

Fyers is one of the successful discount brokers that have made a mark in the domain in lesser time. The easy applicability of its trading platforms across different devices and exceptional customer service are the major reasons behind its success.

Although it registers you only at NSE limiting your chances of portfolio expansion but the accurately designed platform compensates for this.

The broker provides simple pricing so as to encourage investors to make investments. Fyers is working hard to include more financial trading products to expands its portfolio.

For example, they can introduce fixed monthly brokerage plans for their customers. In general, it is a platform that has a great scope of development in India where stock trading is yet to boom.

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