Charges at a glance
About FYERS
FYERS is a technology-first discount broker operated by Fyers Securities Private Limited, founded in 2015 by Tejas Khoday, Yashas Khoday and Shreyas Khoday. Headquartered in Bengaluru, it is registered with SEBI (INZ000008524) and holds membership with NSE, BSE, MCX, NSDL and CDSL, serving over a million customers.
Built for traders who take charting and automation seriously, FYERS runs on a brokerage model capped at ₹20 per executed order across equity, F&O and commodity segments, with TradingView-powered charts built directly into its web and mobile platforms, a free algo-trading API for automated strategies, and a dedicated Scalper Terminal for fast options execution.
Platforms
FYERS Web
Browser-based trading terminal with TradingView charts built in, option chain analysis, strategy tools and the FYERS Automate no-code automation builder.
FYERS App
Mobile app for equity, F&O, commodity, currency and mutual fund investing, with real-time charts, watchlists and one-tap order execution.
FYERS Scalper Terminal
Dual-chart, single-screen mode built for fast options execution with drag-and-drop stop loss and target, alongside a free trading API for algo and third-party integrations.
Regulatory & statutory charges
Besides brokerage, every trade attracts STT/CTT, exchange transaction charges, SEBI charges, GST and stamp duty. These are fixed by the government/exchanges and are the same across brokers.
Calculate the exact charges for any trade upfront using our brokerage calculator.
Equity
| Charge | Equity delivery | Equity intraday | F&O – Futures | F&O – Options |
|---|---|---|---|---|
| Brokerage | Lower of ₹20 or 0.3%/order | Lower of ₹20 or 0.03%/order | Lower of ₹20 or 0.03%/order | Flat ₹20 per executed order |
| STT/CTT | 0.1% on buy & sell | 0.025% on sell side | 0.05% on sell side | 0.15% on sell side (premium) |
| Transaction charges | NSE 0.00297% / BSE ~0.00375% | NSE 0.00297% / BSE ~0.00375% | NSE 0.00173% / BSE 0% | NSE 0.03503% / BSE 0.005–0.0325% (on premium) |
| SEBI charges | ₹10 / crore | ₹10 / crore | ₹10 / crore | ₹10 / crore |
| Stamp duty | 0.015% (buy side) | 0.003% (buy side) | 0.002% (buy side) | 0.003% (buy side) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | |||
Currency & commodity
FYERS offers commodity futures & options on MCX at the same capped brokerage as equity F&O (lower of ₹20 or 0.03% per order). Currency derivatives are also supported in principle, but access has periodically been restricted by exchange/regulatory notices — check current availability on the platform before trading.
Mutual funds
- Mutual fund investing is available directly through the FYERS app and web platform at ₹0 brokerage, alongside equity, F&O and IPO applications.
- Stamp duty of 0.005% applies on the purchase (buy) side of mutual fund units, as mandated by the government.
- STT of 0.001% applies only on redemption (sell) of equity-oriented mutual fund units.
Charges for account opening
| Type of account | Charges |
|---|---|
| Individual account (resident) | free |
| Minor account | free |
| NRI account | free |
| HUF, Partnership & Corporate accounts | free |
Demat AMC (Annual Maintenance Charge)
FYERS does not tier AMC by holding value or account type — it is a flat ₹0, for the lifetime of the account:
By account type
| Account type | AMC |
|---|---|
| Individual, HUF, NRI, Corporate & Partnership | free (₹0, lifetime) |
Every account type pays zero AMC for the life of the account — there's no tiering by portfolio value, holding size or account category.
Penalties & other charges
Charges that apply only in specific situations — good to know upfront so nothing catches you off guard.
Penalties
Other charges
Pros & cons
What users like
- TradingView-powered charts built directly into FYERS Web and the mobile app, plus a dedicated Scalper Terminal for fast options execution
- Free algo-trading API for building automated strategies via Python, Amibroker, NinjaTrader and other third-party tools
- ₹0 account opening and ₹0 lifetime AMC across individual, HUF, NRI and corporate accounts
- Brokerage capped at ₹20 per executed order across equity, F&O and commodity, plus ₹0 brokerage on mutual funds and IPOs
What to watch for
- Equity delivery isn't fully brokerage-free — it's capped at the lower of ₹20 or 0.3% per order, higher than brokers offering true zero-brokerage delivery
- No in-house research desk or advisory services — built as a self-directed platform for traders who plan their own strategies
- Call & Trade and admin auto square-off both carry a ₹50 + GST charge per order
Read what customers say about FYERS
Overall rating 3.0/5 based on 1 customer reviews — or share your own experience.