⚠️ Affiliate Disclosure: This page contains affiliate links. We may earn a commission at no extra cost to you. This does not influence our reviews. Read full disclosure →
Get Started

Fyers Review

Fyers logo

Fyers Review

Fyers Review
Contact Us Try Fyers

What is Fyers?

Fyers is a technology-first discount broker based in Bangalore, India, offering trading and investing in equities, derivatives, commodities, currencies, and mutual funds. Known for its powerful desktop and web trading platforms, advanced charting, low brokerage, and developer-friendly API, Fyers is a favorite among active traders, algo traders, and quant enthusiasts who want professional tools at retail prices.

Powerful Trading Platforms

Fyers offers Web, Desktop (Fyers One), and mobile apps with TradingView integration, 100+ indicators, drawing tools, and workspace customization built for serious technical traders.

Zero Brokerage Equity Delivery

Buy and hold stocks for the long term without paying a single rupee in brokerage. Fyers charges zero on equity delivery trades, making it a cost-effective option for investors.

Flat Rs 20 Per Order

For intraday, futures, options, commodities, and currencies, Fyers charges a flat Rs 20 per executed order or 0.03 percent, whichever is lower, keeping costs predictable for active traders.

Free API and Algo Trading

Fyers offers a fully featured REST and WebSocket API at no extra cost, making it a top choice for developers and quants building automated trading strategies.

Options Strategy Builder

Build, test, and deploy multi-leg options strategies with a visual builder, payoff charts, and real-time Greeks, all integrated into the Fyers platform.

Direct Mutual Funds

Invest in zero-commission direct mutual funds through Fyers, with higher returns compared to regular plans and a clean dashboard for SIPs and lump-sum investments.

Advanced Order Types

Place brackets, covers, GTT (good till triggered), AMO, and basket orders to manage risk and execute sophisticated strategies from one dashboard.

Strong Security and Compliance

As a SEBI-registered broker and NSE, BSE, MCX member, Fyers follows strict regulatory standards and keeps your funds and holdings safe in SEBI-compliant systems.

Instant Sign Up

Fyers Features – What You Get?

Fyers packs serious trading firepower into a simple pricing structure that traders of every level can appreciate:

  • Zero brokerage on equity delivery trades
  • Flat Rs 20 per order for intraday, F&O, commodities, and currencies
  • Powerful desktop platform with TradingView charts
  • Fast mobile app for Android and iOS with advanced order types
  • Free API access for algo and systematic trading
  • Built-in options strategy builder and analytics
  • Direct mutual funds with zero commission
  • Transparent pricing with no hidden charges
  • FIA — India’s first AI trading assistant for screeners, stock analysis and portfolio insights
  • Scalper terminal, Smart Orders and no-code trade automation
  • Trade Stocks, ETFs, F&O, Commodities, Mutual Funds and IPOs in one app

See Fyers in action through these walkthroughs covering platform features, trading, and account opening:

FYERS trading platform review
FYERS app tutorial
FYERS charting demo
FYERS demat account demo
Instant Sign Up

Pros and Cons of Fyers

Pros

  • ₹0 equity delivery brokerage and a flat ₹20 per order on intraday and F&O
  • Zero account opening and zero annual maintenance charges
  • Direct TradingView integration with advanced, customizable charts
  • FIA AI assistant, scalper terminal and no-code automation for active traders
  • Trade stocks, ETFs, F&O, commodities, mutual funds and IPOs in one app
  • ISO 27001-certified security; SEBI-registered and trusted by 1M+ traders

Cons

  • Feature-rich tools can feel overwhelming for absolute beginners
  • Fully digital — no physical branch network for in-person support
  • Geared toward active traders more than passive long-term investors
  • Margin (MTF) funding carries interest from around 12.49% p.a.
Instant Sign Up

Fyers Alternatives

While Fyers excels for traders who want advanced tools and API access, there are other strong Indian discount brokers worth considering: Zerodha (market leader with Kite platform), Upstox (backed by Ratan Tata, competitive pricing), Angel One (full-service with research), Groww (beginner-friendly mutual fund focus), and ICICIdirect (bank-integrated brokerage).

Token Metrics Review

Token Metrics Review

Explore More
Fusion Markets Review

Fusion Markets Review

Fusion Markets Review – Low-Cost ASIC Forex Broker With Raw Spreads & $2.25 Commissions
Explore More
Upstox Review

Upstox Review

Explore More
Trade.com Review

Trade.com Review

Explore More
Tickmill Review

Tickmill Review

Explore More
Propmoney Review

Propmoney Review

Explore More
Fyers NRI Review

Fyers NRI Review

Fyers NRI Review
Explore More
Finviz Review

Finviz Review

Explore More
Trendspider Review

Trendspider Review

Top Rated Features
  1. Multi-Timeframe Analysis
  2. Backtesting Capabilities
  3. Integration Options
Explore More
Instant Sign Up
FAQs

Frequently Asked Questions About Fyers

Got questions about Fyers? Here are answers to the most common ones from Indian traders considering the platform.

Fyers is a SEBI-registered discount broker headquartered in Bangalore, India. It is a member of NSE, BSE, and MCX and follows strict regulatory standards. Client funds are held in SEBI-compliant segregated accounts and shares are held in demat accounts with CDSL, making it a safe choice for Indian traders.

Fyers typically offers free account opening with zero account opening charges. Annual maintenance charges (AMC) vary by plan, with options for zero-AMC demat accounts. Check the Fyers website for current promotional offers.

Fyers charges zero brokerage on equity delivery trades. For intraday, futures, options, commodities, and currencies, the charge is a flat Rs 20 per executed order or 0.03 percent, whichever is lower. There are no hidden fees.

Yes. Fyers provides free REST and WebSocket APIs to all account holders, making it one of the best Indian brokers for algo traders, quants, and developers. You can automate strategies, pull historical data, and execute trades programmatically.

Fyers offers three platforms: Fyers Web (browser-based), Fyers One (desktop with TradingView charts), and Fyers Mobile (Android and iOS). All platforms sync in real-time and include advanced charting, order types, and analytics.

Absolutely. Fyers includes a full options trading suite with a visual strategy builder, multi-leg order placement, real-time Greeks, payoff charts, and options chain analysis, making it ideal for options traders.

Yes. Fyers lets you invest in direct mutual funds with zero commission. You can set up SIPs, manage lump-sum investments, and track your portfolio from the same dashboard used for stocks and derivatives.

Fyers is feature-rich and tends to suit intermediate and active traders more than complete beginners. However, beginners who want to grow into advanced trading benefit from starting on a platform that will not feel limiting later. The interface is clean and onboarding resources are available.

Fyers provides customer support via phone, email, and ticket system during market hours. It also has an active community forum and extensive documentation covering platform features, APIs, and troubleshooting. Support for API and algo issues is generally responsive.

You can open a Fyers account fully online in about 10 to 15 minutes. You will need your PAN card, Aadhaar card, bank details, and a signature. The process is paperless with eKYC verification. Use the link on this page to start your application.

⚠️ Affiliate Disclosure: This site contains affiliate links. We may earn a commission when you purchase through our links at no extra cost to you. Results are not typical.