About Fyers
Company Overview
Fyers (styled as FYERS) is an Indian stockbroker founded in 2013 and headquartered in Bangalore, Karnataka. The company operates under the trade name Fyers and is primarily focused on providing online trading and investment services to retail and corporate clients in India. Its registered address is No. 225, 14th Cross Rd, 1st Block, RT Nagar, Bangalore – 560032.
It is important to note that Fyers is not a regulated broker by any financial authority. Our records indicate that the company does not hold a license from the Securities and Exchange Board of India (SEBI) or any other regulatory body. This absence of regulation is a significant factor for traders to consider, as it means there is no formal oversight or investor protection mechanism in place.
Products and Instruments
Fyers offers access to a range of asset classes including equities, futures & options, commodities, exchange-traded funds (ETFs), mutual funds, and initial public offerings (IPOs). The broker facilitates trading on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and the Multi Commodity Exchange (MCX).
Customers can trade in equity delivery, intraday, and derivatives segments. The broker also provides a margin trading facility (MTF) that allows clients to take delivery positions by borrowing up to 4x their available capital, with interest charged on the borrowed amount. Intraday equity trading is supported with leverage ranging from 10 to 15 times on select liquid stocks.
Account Types and Fees
Fyers provides three account options: a standard Demat account for Indian residents, an NRI Demat account for non-resident Indians, and a Corporate Demat account. The account opening process is entirely digital and can be completed within minutes. The broker advertises zero account opening charges, zero annual maintenance charges, and zero dematerialisation charges.
Pricing is structured with a maximum brokerage fee of ₹20 per order for futures and options, while equity intraday trades are charged at 0.03% (up to ₹20). There is no brokerage for mutual funds and IPOs. The margin trading facility carries interest rates starting from 12.49% per annum.
Trading Platforms
Fyers offers a suite of proprietary trading platforms designed for different trading styles. The primary platform is FYERS Web & App, a browser and mobile application. FYERS Trader is a web-based terminal featuring TradingView charts, direct chart trading, and historical data spanning over 25 years. FYERS One and integration with standalone TradingView are also available.
The platforms include an AI-powered assistant called FIA (FYERS Intelligent Assistant) for stock screening and market analysis. Additionally, the broker provides a 'My Account' dashboard for fund transfers, portfolio tracking, and detailed profit and loss reports.
Funding and Withdrawals
Clients can fund their accounts through multiple channels: instant payment gateway, UPI, and net banking. Fyers states that transfers up to ₹25,00,000 per transaction are processed instantly and without additional fees. Withdrawals are claimed to be processed within 24 hours.
For direct transfers, the broker provides a virtual ID to ensure faster credit. It warns against transferring from NRI accounts to its main account number, as that may cause delays.
Target Audience and Suitability
Fyers markets itself to active traders and investors in India who seek low-cost, technology-driven trading solutions. Its low fee structure and range of platforms make it particularly appealing to day traders and those who trade frequently in the equity derivatives segment.
However, because Fyers is unregulated, it may not be suitable for risk-averse traders or those who prioritise regulatory protection. The lack of oversight means that in the event of a dispute, there is no external ombudsman or compensation scheme available.
Corporate Information
The company was incorporated on 8 March 2021, though it claims to have been operating since 2013. It maintains an active presence on social media platforms including Facebook, Instagram, LinkedIn, Twitter/X, and YouTube. Its official website, fyers.in, provides information on products, pricing, and account opening.
Fyers is a private limited company registered in India. Beyond the address provided, public records show no major corporate history or subsidiaries. The company's ownership structure is not publicly disclosed.
Overview compiled by FXCanary from regulatory records and public data. full Fyers review