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IPO Index

Fyers Review 2026

Free
A/C Opening
Free (Lifetime)
Demat AMC
0.03% or ₹20 per order
Futures
Flat ₹20 per order
Options
4★ Overall

🎯 Open Free Groww Account – Lifetime Zero AMC

Paperless KYC | ₹20 Brokerage | 5000+ Direct Mutual Funds
Overview
Charges
Products & Services
Account Opening
Best Trading Apps
IPO
MTF
NRI
FAQ

Quick Fyers Overview

INZ000008524

Top Highlights

Market Position
Discount Broker
Account Setup
100% Digital
Maximum Fee
₹20 Per Order
Active Users
Top 10
Debt Status
–
Direct MF
Zero Commission
Leverage Limit
Up-to 4x

Ratings

Fees
4.8/5
App
4/5
Support
3.85
Trust
4.2/5
Ease of Use
4.3/5
Platform Performance
4.2/5
Beginner Friendliness
4/5

Charges Overview

Trading Account Opening / AMC
Free
Demat Account Opening
Free
Demat Account AMC
Free
Equity Delivery Brokerage
Free (or 0.30% / ₹20 maximum)
Intraday / Futures
0.03% or ₹20 maximum per order
Options
Rs 20 Flat
Hidden Costs
0
Equity Cash
Currency/Commodity
F&O
IPO
MF/ETF
Bond/NCD
Equity & MF SIP
Banking/Insurance
Portfolio Management

Fyers Brokerage, Demat, and Other Charges (2026)

This section explains each Fyers fee type in detail.

Account Opening/AMC Charges

You do not have to pay any money to open your trading and demat accounts with this firm. The platform provides a completely free setup process along with lifetime zero maintenance fees.

Operational ProcessFee Value
Trading Setup Rs 0
Demat Setup Rs 0
Trading Maintenance Rs 0
Demat Maintenance Free
Important Note: New customers enjoy a lifetime free demat account maintenance facility with no hidden renewal charges.
Demat Account

The company partners with CDSL to manage your electronic share holdings in a highly secure environment. You pay zero fees when shares are credited to your profile, but a transaction charge applies when you sell delivery stocks.

Activity TypeApplicable Fees
Inward Shares (Buy) Rs 0
Outward Market Trades (Sell) ₹7 + ₹5.50 (CDSL Charges) per transaction
Off-Market Debits –
Cheque Bounce –
Physical Statement –
CML Modification –
KRA Processing –
Important Note: The platform keeps your share storage completely free as there are no administrative costs for holding assets.
Equity Charges

Trading in company shares requires you to pay standard brokerage and government duties. These fees change based on your trading activites.

Fee ComponentDelivery SegmentIntraday SegmentFutures SegmentOptions Segment
Brokerage0.30% or ₹20 Max0.30% or ₹20 Max0.30% or ₹20 Max Flat ₹20 per order
Exchange Fee (NSE)₹297 Per Crore₹297 Per Crore₹173 Per Crore ₹3503 Per Crore on premium
Exchange Fee (BSE)₹375 Per Crore₹375 Per CroreRs 0 ₹3250 Per Crore on premium
STT0.1% on buy and sell0.025% (Sell side)0.05% on sell side 0.15% on sell side
Stamp Duty₹1500 Per Crore on buy₹300 Per Crore on buy₹200 Per Crore on buy ₹300 Per Crore on buy
Important Note: The broker charges a flat 18% Goods and Services Tax (GST) calculated on your total brokerage and exchange transaction fees.
Commodity Charges

You can execute commodity trades across different segments using your single consolidated margin account balance. This section carries standard structural fees along with the statutory Commodity Transaction Tax (CTT).

Cost TypeRate Structure
Brokerage Flat ₹20 per order
Exchange Turnover MCX: ₹4180 Per Cr | NSE: ₹100 Per Cr
CTT 0.15% on Sell side
Commodity Options STT –
Stamp Duty 0.002%
Options: 0.003% (Buy only) –
Important Note: You can view live commodity market charts directly powered by the premium TradingView charting system.
Currency Charges

You can’t trade in foreign currency pairs on the Groww platform right now.

Charge NameCurrency FuturesCurrency Options
Core Brokerage0.03% or ₹20 Max Flat ₹20
Exchange TurnoverNSE: ₹35 Per Cr | BSE: ₹45 Per Cr NSE: ₹3110 Per Cr | BSE: ₹100 Per Cr
Statutory Stamp Duty₹10 Per Cr on Buy only –
STT LevyNo STT No STT
Important Note: Cross-currency trading is automatically available once you activate your general currency derivatives division.
MTF

The Margin Trading Facility lets you purchase eligible equity shares by deploying just a tiny portion of your total trade capital. The platform blocks your purchased stocks as security until you clear the remaining loan balance.

MetricCondition
Daily Interest Calculated daily based on loan slabs
Share Pledging ₹12 per stock scrip
Share Unpledging ₹12 per stock scrip
Important Note: The yearly interest rate for this funding system operates on a slab structure ranging between 12.49% and 16.49%.
IPO

Applying for new corporate share listings is a simple process through the dedicated portal. The firm does not charge any service fee or brokerage from you during public issue submissions.

Process TypeCharge
Application Fee Free
Platform Usage Rs 0
Demat AMC Free
Important Note: You can choose between the online UPI channel or the traditional net banking route to send your applications.
Mutual Funds

You can explore and purchase hundreds of direct mutual fund schemes using the dedicated platform. The broker does not collect any commission from your investments.

Service NameCost
Account Activation Free
Subscription Commission Free
Important Note: Every mutual fund you purchase gets directly credited into your demat account for easy tracking.
NRI Trading

Non-Resident Indians (NRI) can easily trade in multiple segments at highly affordable rates on this system. The firm provides a zero-fee account opening for them.

Account PathOpening CostAnnual AMCDelivery BrokerageF&O Brokerage
NRE AccountFreeFree0.05% or ₹50 Max –
NRO AccountFreeFree0.05% or ₹50 Max –
Non-PIS NROFreeFree0.05% or ₹50 Max Flat ₹50
Important Note: Futures and options trading for NRI clients is strictly limited to NRO account structures using a flat fee system.
Transaction Charges

Stock exchanges collect a fixed turnover fee based on your buy and sell transactions. These fees shift slightly across the NSE and BSE networks.

SegmentVenue and Rate
Cash Delivery NSE: ₹297 Per Crore
Cash Intraday NSE: ₹297 Per Crore
Index Futures NSE: ₹173 Per Crore
Index Options NSE: ₹3503 Per Crore
Important Note: Options transaction charges are always calculated on your total options premium value rather than the absolute strike value.
Demat & Remat Charges

Physical share conversion into digital records or requesting physical prints carries no operational fee burdens here. The firm keeps these conversion lines entirely free.

Action TypeOperational Base CostCourier Surcharge
Dematerialisation₹0 –
Rematerialisation₹0 –
Important Note: You do not pay any standard handling fee when processing your digital or physical certificate adjustments.
Trading Taxes

SEBI and government bodies charge multiple fixed statutory costs on all market transactions. These rates are same with all brokers in India.

Legal LevyStandard Regulatory Rate
SEBI Turnover Fee ₹10 Per Crore% (Rs 10 Per Crore) of total volume
Exercise Transaction Tax –
Right Entitlement Tax –
Important Note: The broker provides a transparent fee calculator tool to check your exact government taxes before executing your trades.
Pledge Charges

The company does not collect any operational fees when you create or close stock pledges for margin benefits. All pledge stages remain free.

Request StageOperational CostDepository Fee
Setup RequestNil –
Confirmation StepNil –
Invocation ActionNil –
Important Note: You can pledge your delivery stocks to get extra trading margin without paying any process fees.
Other Charges

The broker collects higher processing fees when your trades require manual assistance or automatic safety square-offs. This happens when you do not close your intraday trades on time.

EventAssociated Expense
Call & Trade Order ₹50 Per Order
Auto-Square Off Action ₹50 Per Order
Net Banking Deposit –
Corporate Buybacks/OFS –
Smallcase Purchases –
Failed Instructions –
Important Note: You can fully avoid the call desk charges by utilizing the free online mobile or web interfaces.

Investment Types & Trading Platforms

The firm offers multiple platforms, technology, and a various financial assets to fulfill your trading requirements.

Equity Cash
You can acquire long-term delivery shares or execute rapid intraday stock trades.
Free delivery trading
Derivatives Segment
Traders can access index and stock futures or options contracts across multiple segments.
Advanced options analysis
Commodity Markets
You can invest directly in items like metals and energy products through the MCX exchange.
TradingView chart execution
Currency Pairs
The platform supports cross-currency trading in major global currency setups like USD and EUR.
Low entry barriers.
Mutual Funds
You can invest in various direct asset programs with zero commission commissions.
Single account tracking
Sovereign Gold Bonds
You can invest your idle cash into government-backed gold schemes directly through the platform.
Fixed income stream
Debt Instruments
The broker permits direct investments in Government Securities, T-Bills, and development loans.
Portfolio risk management
Fyers 2.0 Mobile App
An in-house developed portable application designed for speedy multi-segment trading on your phone.
Password-less OTP login
Fyers 1.5 Beta Web
A next-generation browser-compatible website built with highly advanced charting adjustments.
Multi-chart simultaneous view
Fyers Next Terminal
A fast installable desktop software designed to minimize order delays for volume traders.
Very low execution time
Fyers One Software
A professional computer application built specifically for technical analysis and screeners.
In-built market screeners
Execution APIs
A set of developer tools that let algorithmic traders deploy automated trading systems without charges.
Zero subscription fee
Thematic Investment Portal
A unique investment channel that lets you purchase customized stock baskets based on sector ideas.
Sector idea tracking
Single Margin Account
A unified account that lets you trade equity and commodity segments together using one common balance.
No balance splitting
NRI Trading Account
A specialized low-cost profile that enables overseas Indian citizens to invest in domestic equity shares.
Zero Costs
Mutual Fund Account
A built-in portal that allows you to buy direct schemes without external registration steps.
Zero commission leakage
Open Account Now →

Fyers Account Opening (Onboarding Guide)

The firm offers a 100% onlineand paperless account creation that completes within ten minutes. It has the official eKYC registry to fetch your files automatically.

Online Registration Step-by-Step

  1. Click on the registration button on the portal and enter your mobile number along with your email ID.
  2. Provide the received verification code to move forward into the central identity window.
  3. Input your PAN card serial number and your exact date of birth to check your KRA data records.
  4. Fill in your personal profile parameters and select your desired trading segments like equity or commodities.
  5. Provide your core bank account number and branch details like the IFSC code to facilitate transfers.
  6. Complete your identity verification steps and digitally sign your profile using the Aadhaar OTP route.
  7. Upload clear digital photos of your bank proof, signature, and PAN card to finish the request.
Seamless Trading Experience

Trading Platforms

All platforms provided by the company are fully integrated with premium systems to offer a supreme trading journey.

Android Mobile Application

4.4★
10L+ Downloads
  • Multi-segment unified terminal
  • Custom primary UI screens
  • Live related news tickers
  • Advanced TradingView charts integration
  • Multi-asset strategy basket orders
  • Pre-defined index market watchlists
  • Multilingual system support choices
Download App

iOS Mobile Application

4.1★
10M+ Downloads
  • Biometric pattern profile protection
  • Rapid single-click trade actions
  • Direct chart trade placement
  • Instant push price alerts
  • Advanced options chain Greeks
  • Continuous real-time index tracking
  • Seamless back-office profile access
Download App

Web Interface Terminal

4.1★
Browser-Based
  • Advanced custom timeframes layout
  • 8 chart simultaneous viewing
  • Direct canvas order icons
  • Custom watchlist export tools
  • Extensive historical price charts
  • Price ladder scalping boards
  • Simple interactive navigation design
Launch Site

Fyers Core System Features

Native TradingView chart connection
Automated algorithmic developer tools
Fifty-level deep market books
Integrated digital trader journals
Single margin balance utility
Comprehensive in-built stock filters
Free school learning applications

Order Types Available

GTT Orders

Good Till Trigger orders that allow you to set your target purchase points well in advance.

Basket Orders

An advanced feature that lets you group multiple option strategies and run them together in one click.

Cover Orders

High-exposure intraday trade forms that carry an attached safety stop-loss point to cap risks.

Secure & Regulated: Fyers platforms use 128-bit SSL encryption, 2FA, and biometric authentication. SEBI registered broker (INZ000008524).

Pros and Cons – Fyres

The firm stands out as an industry leader for technical chart traders. It provides powerful tools and zero-fee accounts. However, active users must compare all functional advantages with some cons.

Pros

  • It gives you native TradingView charts to modify trades directly with single clicks.
  • You pay zero account opening fees and zero lifetime annual maintenance costs.
  • Long-term equity delivery investments do not carry any core brokerage fees.
  • Intraday and derivative segment fees remain capped at a competitive flat ₹20 rate.
  • Developers can access premium automated trading execution APIs completely for free.
  • The platform features advanced internal tools like fifty-level market depth and trader journals.
  • It offers a reliable and swift fund payout system straight to your bank account.

Cons

  • Occasional interface lag or chart freezing during volatile market opening minutes.
  • Delivery stock sales carry higher depository fees compared to standard bank brokers.
  • The platform does not offer any in-house research tips or investment advisory assistance.

Apply IPO in Fyers

The company provides a clean digital interface to participate in incoming public listings using your bank funds via a UPI ID link. Your capital remains blocked within your chosen bank profile until the official allotment date passes.

IPO Process on Kite Application

  1. Go onto the official online IPO portal link listed on the main company website.
  2. Go through the active corporate public issues list and hit the apply option.
  3. Feed in your exact lot volume requirements in multiple sets of the designated sizes.
  4. Supply the price numbers within the corporate price boundary or choose the minimum rate.
  5. Type your personal bank-linked UPI identifier into the specified input slot and submit.
  6. Complete the incoming money block request inside your portable smartphone payment application.

Timing and Operational Windows –

You can check the IPO details and place your bid anytime between 10:00 AM and 5:00 PM on the days the IPO is open. Make sure you log into your UPI payment app (like GPay or PhonePe) and approve the fund block request before 5:00 PM on the final closing day of the IPO. The bank will automatically unblock your frozen money within 1 to 2 working days after the share allotment date.

Fyers Margin Trading Facility (MTF)

The Margin Trading Facility lets you buy exchange-approved stocks by funding just a minor section of the trade value. The broker provides the remaining cost support as a short-term credit line to increase your market positions.

Core Parameters

  • Leverage Multiplying Factor: Up to 4x purchasing power boost for delivery.
  • Approved Stock List: Available across more than 1600+ selected market equities.
  • Annual Loan Interest: Slab-based annual rates ranging from 12.49% to 16.49%.
  • Collateral Setup Levy: ₹12 per company scrip for running a stock pledge.
  • Collateral Unpledge Levy: ₹12 per company scrip during stock release steps.
  • Maximum Credit Value: Up to ₹50 Lakh funding capacity per single trading profile.
  • Automatic Pledging Rule: Assets bought via this loan automatically function as collateral security.

Fyers NRI Trading

The broker offers a highly affordable trading platform for Non-Resident Indians to invest in Indian stock markets.

Core Features

  • Zero account opening fees apply for building an overseas profile.
  • Low brokerage caps fixed at a maximum of ₹50 per order.
  • Support for both NRE and NRO structural account links.
  • Derivatives trading is permitted exclusively using NRO account paths.
  • Full integration with standard depository services for holding shares.
  • Access to digital support channels for tracking international account issues.

NRE PIS Setup

Overseas clients can connect their Non-Resident External accounts to invest their foreign savings into Indian equities. Fyers keeps the core equity delivery charges capped at 0.05% or a maximum of ₹50 per order, making it highly affordable.

NRO Non-PIS Setup

The Non-PIS NRO setup allows overseas citizens to trade in the domestic derivatives segment. Under this route, you can execute futures and options contracts at a competitive flat fee of ₹50 per order.

FAQ
1. Is Fyers free?

Opening your trading and demat profiles on this system is completely free of cost. The platform also gives you a lifetime free annual maintenance facility, meaning you pay zero recurring account upkeep fees.

2. How to open Fyers account online?

You can register by going to their portal, verifying your mobile number via an OTP, and supplying your identity proofs. Then, you fetch your KRA database records, link your bank details, upload soft copies of your documents, and complete the Aadhaar digital signature step.

3. What is the Groww API service?

The Groww API is a suite of tools from the Groww trading platform. Developers and automated systems can utilise Groww’s trading features via code. Further, these APIs provide access to live market data and you can place and manage orders and monitor your portfolio. This is done through software like a Python programme or a custom trading tool rather than manually within the Groww app or website. Get Trading APIs such as Portfolio API, Ordering API, Live Data API, Smart Order API, Historical Data APIs. API Charges are ₹499/month.

4. What is the Fyers API service?

This is a free set of online toolkits that let you connect your personalized algorithmic programs to your trading profile. It helps algo traders catch real-time data feeds and run automated order routines via languages like Python and Node.js without any subscription costs.

5. Does Fyers provide IPO?

Yes, the platform has a dedicated online IPO portal that lets you bid for any active public issue. You can place bids using your bank-linked UPI ID or use your traditional net banking portal via the ASBA path.

6. Does Fyers offer margin trading?

Yes, the broker offers a Margin Trading Facility that supplies up to 4x leverage on more than 1600 shares. Fyers covers the remaining cost balance up to ₹50 Lakh per account while charging interest daily.

7. What is Fyers Educational Platform?

The firm runs a free online learning network called the “School of Stocks” to improve your financial literacy. It offers 11 extensive modules covering deep market topics like technical analysis, fundamental evaluation, and options setups.

8. What are Fyers Account Opening Charges?

You do not have to pay any one-time onboarding fees to create your account. Both the trading profile and the demat profile setups are entirely free for retail clients.

9. How much is the brokerage fee in Fyers?

The company operates under a competitive flat billing model that caps your trade fees at a maximum of ₹20 per order. This fee cap applies across intraday cash, stock futures, options, currency pairs, and commodity divisions.

10. Does Fyers have annual charges?

No, the firm does not collect any recurring annual charges to handle your accounts. Both your central trading account and your CDSL demat storage carry lifetime free maintenance terms.

11. What is AMC for Fyers?

The annual maintenance charge for your demat account stands at absolute zero. Unlike traditional brokers who collect yearly fees, this platform keeps its demat account maintenance entirely free.

12. What are Fyers trading and demat account?

These are digital accounts where the trading account gives you access to place trades across multiple exchanges like NSE and BSE, while the demat account stores your purchased shares and mutual fund units securely in electronic form.

13. What is Fyers discount broker?

Fyers is a leading Bangalore-based discount stockbroker that provides advanced tech platforms at low flat rates instead of high asset percentage commissions. It focuses on delivering high-speed execution tools for new-age traders.

14. How much Fyers charge for delivery?

The broker provides completely free delivery trading on long-term equity investments. However, the core reference sheet mentions a structural boundary rate of 0.30% or ₹20 maximum per order.

15. How much Fyers charge for intraday?

Every intraday transaction carries a low brokerage rate of 0.03% or a maximum ceiling fee of ₹20 per order. You also cover the standard exchange transaction turnover taxes and government STT levies.

16. How much Fyers charge for futures?

Trading in stock or index futures costs 0.03% of your trade value or a maximum flat cap of ₹20 per executed order. An additional 18% GST applies to your core brokerage and exchange fees.

17. How much Fyers charge for options?

Options trades attract a flat brokerage rate of ₹20 for every executed contract across equity, currency, and commodity options divisions. Government STT taxes apply directly to your options sell side transactions.

18. What are the online and offline contact details of Fyers?

You can reach their online desk by dialing 08060001111 or sending an email to support@fyers.in. For physical documentation or offline queries, you can send mail to their head office based in Bangalore.

19. What is the Fyers 30 Day Challenge?

This is a unique product that rewards profitable traders by refunding their total executed brokerage fees up to a maximum cap of ₹10,000. A trader simply needs to stay in a net profitable zone for 30 consecutive trading days across equity or commodity segments.

20. What is the Fyers Single Margin Account?

This is a unified balance facility that allows you to trade across equity, derivatives, and commodity segments using a single fund limit. It removes the hassle of maintaining separate fund pools for stock and MCX commodity trading.

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