These benefits of Fyers are listed below.
Online account opening is free
No brokerage fees for equity delivery trading. No brokerage fees for cash and carry trades.
Ultra-low brokerage rates for discount stock brokers Fyers charges flat Rs 20 per trade maximum brokerage for all trading segments, irrespective of trade size.
No hidden charges. No hidden fees or charges
The flexibility of an in-house build platform allows for rapid implementation of new features and services.
All trading software is available free of cost.
Single margin account.
Refer friends to earn 20% of the revenue generated by them for life
Fyers' unique offering of Thematic Investment allows customers to invest in a group of stocks. These companies are grouped together (as a theme), based on certain criteria.
A demat account with no POA
There are a few downsides to this company that you should also know about.
Fyers does not offer a paperless method of opening an account.
There is no depository service owned. They offer Demat accounts to customers through IL&FS. The Demat fees are therefore higher.
Their trading platform does not support Cover or Bracket orders
Fyers is not the place for investors looking to trade commodity commodities. This company does not offer commodity trading on its platforms such as MCX and NCDEX.
The Exchange Transaction Charges are significantly higher than those charged by other Indian discount brokers.
Fyers is a discount broker in India and has many new and traditional things to offer its investors. Fyers is one of India's most affordable discount brokers. Their innovative ways of making trading in India more popular are the most important aspect of this company. They believe in combining traditional trading with technology, which is why they have developed their trading platforms, features, and other services. Minute for the same.