Fyers review
Independent review of Fyers — brokerage, app, account opening, customer support and the kind of investor it actually fits. Fyers is a Bangalore-based SEBI-registered discount broker (founded 2015).
Verdict
Active and tech-savvy traders who want advanced charting, options analytics and automation/API tools with flat-fee brokerage and zero demat AMC.
Brokerage at a glance
Headline brokerage on the default Fyers standard plan. On top of brokerage you also pay STT, exchange transaction charges, SEBI fee, stamp duty, GST and DP charges — see full charges for the breakdown.
About Fyers
Fyers is a Bangalore-based SEBI-registered discount broker (founded 2015). Equity delivery is charged at ₹20 or 0.3% per executed order (whichever is lower); intraday and futures are ₹20 or 0.03%; options are flat ₹20.
The FYERS trading app
- Trade stocks, futures, options, commodities, mutual funds, ETFs, IPOs and bonds in one app
- Apply for IPOs and FPOs using UPI
- F&O trading with Option Greeks analysis and prebuilt strategies
- Charts with TradingView integration and technical analysis tools
- Free Demat account opening via paperless KYC
- Multilingual interface (Hindi, Gujarati, Marathi, Kannada, Tamil, Telugu)
Opening a Fyers account
Account opening is fully online for Indian residents. Keep your PAN, Aadhaar (with mobile linked for OTP), a bank cancelled cheque or statement, a passport-size photo and a signature on white paper handy. Aadhaar e-KYC, in-person video verification and e-sign typically take 1–3 working days end-to-end. Start at fyers.in.
Customer support
Fyers support is available customer support mon-fri 8:30 am - 11:55 pm, sat 8:30 am - 5:30 pm; account opening line 080-6413 4999. For complete contact details, the four-level SEBI escalation path (broker desk → compliance officer → SCORES → SMART ODR), and what to have ready before escalating, see the Fyers customer care page.
Pros and cons
How we judge this: these pros and cons are drawn from Fyers’s published charges and platform features, its app-store ratings — cross-checked against its SEBI registration and NSE / BSE membership. They are our editorial assessment, not a sponsored placement, and not financial advice.
What users say about Fyers
Paraphrased themes from public app-store reviews and forums — these are users’ opinions, not our testing, and not financial advice. Sampled 2026-06-14.
- Trade stocks, F&O, commodities, mutual funds, ETFs, IPOs and bonds in one app
- Advanced charting with TradingView integration and up to 50-market depth
- Options analytics and strategy builder for F&O traders
- No-code workflow automation (Automate) and trading API for algo traders
- Smart SIP and consolidated portfolio tracking across stocks, mutual funds and ETFs
- Multilingual interface across several Indian languages
- Fund withdrawal / payout processing can feel slow compared with how quickly deposits are taken
- Profit-and-loss reporting lacks detailed per-transaction cost breakdowns
- Requests for additional charting capabilities such as pre-market price display and backtesting tools
- Some users find newer features hard to locate within the interface
Alternatives to Fyers
By active client count, Fyers is the #19 largest of 38 retail brokers on the NSE (as of 2026-04-30). If you're weighing it against the field, these are the brokers people most often compare it with:
Side-by-side head-to-head comparisons:
See the full ranked list of every retail broker in India on the stock brokers in India page, or compare exact landed cost on a typical trade with the brokerage calculator — switch brokers in the dropdown without leaving the page.
Frequently asked
What people ask about Fyers.
Fyers is SEBI-registered and holds NSE / BSE membership, so it meets the regulatory bar every Indian broker must clear. Whether it is a good fit depends on what you trade. Active and tech-savvy traders who want advanced charting, options analytics and automation/API tools with flat-fee brokerage and zero demat AMC.
Equity delivery is ₹20 / 0.3%. Equity intraday is ₹20 / 0.03%. Equity options is Flat ₹20. On top of brokerage you pay STT, exchange transaction charges, SEBI fee, stamp duty, GST and DP charges. The brokerage calculator on this site shows the all-in landed cost for a sample trade.
Fyers is registered with SEBI and a trading member of NSE / BSE. Demat accounts are held with CDSL or NSDL — the broker does not hold your shares, the depository does. Funds are held in a SEBI-regulated client bank account separate from the broker's own funds. The risk to investors from broker failure is limited; the larger risk to manage is account fraud via phishing and OTP sharing.
Trade stocks, futures, options, commodities, mutual funds, ETFs, IPOs and bonds in one app. Apply for IPOs and FPOs using UPI. For a full feature list and download links see the Fyers app page.
Account opening is fully online for Indian residents. You need PAN, Aadhaar (with mobile linked for OTP), a bank cancelled cheque or statement, a passport-size photo and a signature on white paper. Aadhaar e-KYC, in-person video verification and e-sign typically take 1–3 working days. Apply via https://fyers.in.
Discount brokers comparable to Fyers include Zerodha, Groww, Upstox, Dhan and Angel One. Full-service alternatives include ICICI Direct, HDFC Securities, Kotak Securities and Sharekhan. Compare brokerage rates side-by-side on the brokerage calculator before switching.