FYERS Brokerage Charges Review | STT and Transaction Charges
FYERS Securities Private Limited is a Bangalore based stock-broker house which was established in August 2015. The organization has created a benchmark in providing low-prices and risk management without interest related disputes. Brokerage in Fyers is also minimal, it charges 0 fee brokerage or no fee brokerages for Equity delivery, Thematic investments and normal brokerage fees @₹20 per executed order in rest of the segments are some of the key offerings by FYERS.
What is Brokerage Charge?
Whenever stocks/commodities are bought and sold, a charge is executed by the broker as commission. This commission is generally known as Brokerage charge. It charges this Fyers trading charges generally known as Fyers brokerage charges. Users can find Fyers brokerage charges calculator on the official website of Fyers.
FYERS Brokerage Charges Details
Trading and Demat account services are provided by FYERS, where customer have to pay fees, commission, Fyers trading account charges and taxes while trading. Fyers Brokerage details including Brokerage charges of Fyers and Trading commission rates & fee structure of FYERS brokerage charges list is given below:
PARTICULARS
CHARGES
Equity Delivery
₹0/-
Equity Intraday
₹20 per executed order or 0.03% (whichever is lower)
Futures (Equity, Currency, Commodity)
₹20 per executed order or 0.03% (whichever is lower)
Reconversion of MF units in to SOA or Redemption/Restatmentisation Per SOA
Nil
Stamp Charges
₹50
Failed / Rejected Transactions
Nil
Periodic Statement
Nil charges by Email. ₹ 50 + courier charges at actuals for physical statements
Adhoc / Non-Periodic Statement Requests
Nil
Additional Delivery Instruction Book (5 leaves)
₹100 + courier charges at actuals
Modification in Client Master List (CML)
₹50
Modification in KRA / Download
₹50
Transfer of shares form Fyers demat account to other demat account
₹12.50 + GST per scrip
Transfer of shares from other Demat to Fyers
Nil
FYERS Brokerage Charges Explained
Fyers brokerage plans is already given above as there is flat brokerage charges in Fyers segment wise. Fyers brokerage charges intraday and Fyers brokerage charges for options & futures (all segments) is ₹20 per executed order. Fyers also provides NRI account services and facility, Fyers Brokerage charges NRI starts from ₹100 per executed order and so on, check detailed Fyers NRI account charges.
Fyers brokerage charges equity for Fyers delivery brokerage is zero. Fyers mutual fund brokerage charges are also zero. Fyers brokerage charges MCX and currency is also ₹20 per executed order.
Fyers Thematic Investing Charges
Fyers thematic investment is free but there is some charge levied given below:
Buy
FREE
Fyers Charges for Sell/ Exit, Re-balance, Modify
₹100 or 2% (Whichever is lower)
FYERS Brokerage Charges STT and Transaction Charges
Fyers Brokrage may be zero
but there is DP charges @ 14.75 per script per day (on sell side of delivery)
look on their pricing page it is shown as Demat Debit Charges ₹7 + ₹5.5 (CDSL Charges)
They have very smartly hidden these charges. They do not show these in their brokerage calculator also. They quietly deducted these charges at the financial year end in my account.
it is not written any where , they will not send bill also to your mail id , they will just deduct it from your account silently
when asked they showed this page which is hidden in their FAQ
https://support.fyers.in/portal/en/kb/articles/what-are-the-dp-charges-levied-by-fyers
Our DP charges are among the lowest in comparison to the market standards; Earlier, we used to charge ₹ 10/- + ₹5.5 (CDSL charges) + GST (18% on ₹15.5) on the sell-side for delivery transactions which are settled on T+2 days. With effect from 5th August 2021, the charges have been further reduced to ₹7 + ₹5.5 (CDSL Charges) + GST (18% on ₹12.5). DP charges are applicable whenever you sell any shares from your DEMAT account.
Fyers Brokrage may be zero
but there is DP charges @ 14.75 per script per day (on sell side of delivery)
look on their pricing page it is shown as Demat Debit Charges ₹7 + ₹5.5 (CDSL Charges)
They have very smartly hidden these charges. They do not show these in their brokerage calculator also. They quietly deducted these charges at the financial year end in my account.
it is not written any where , they will not send bill also to your mail id , they will just deduct it from your account silently
when asked they showed this page which is hidden in their FAQ
https://support.fyers.in/portal/en/kb/articles/what-are-the-dp-charges-levied-by-fyers
Our DP charges are among the lowest in comparison to the market standards; Earlier, we used to charge ₹ 10/- + ₹5.5 (CDSL charges) + GST (18% on ₹15.5) on the sell-side for delivery transactions which are settled on T+2 days. With effect from 5th August 2021, the charges have been further reduced to ₹7 + ₹5.5 (CDSL Charges) + GST (18% on ₹12.5). DP charges are applicable whenever you sell any shares from your DEMAT account.
Derivative contracts which are going to expire in the current month are called ‘Near Month Contracts’, those which expire next month are called ‘Next Month Contracts’ and those which expire after the month are called ‘Far Month Contracts’.
FYERS offer 3 trading platform for seamless trading experience i.e., Fyers one, Fyers app and Fyers web traders for all users. All of this trading software are best according to their features. Find the detailed information of Fyers trading software above.
When a customer places an order over the phone through a dealer, Fyers charge an additional ₹20 as Call and Trade Fee. Being an online stock broker, it prefers that the customer uses its online trading platform to execute orders. All trading software including an installable trading terminal, website and mobile application are made available free of charge to customers.
Yes, Fyers allow investors to take Intraday future positions with lesser margin requirements than carry forward future transactions. But it is mandatory to square off such positions on the same day.
IPV (In-Person Verification) is conducted through web camera after either collecting the account opening form or once all necessary documents are received by the FYERS’ executive.
After Fyers Trading software login, you can use the Fyers trading software. Login to Fyers Trading software using your Fyers account’s login credentials.
Traders can only nominate one person per mutual fund folio. In case, a client holds more than one folio then different nominees can be appointed for each folio.
It is a facility that enables the investor to carry forward his/her futures positions beyond the expiry of contract. Basically, it’s a two-legged transaction. In the first leg the investor needs to square off the near month position, subsequently in the second leg he/she will have to take a fresh position in the same direction in the next or far month.
Fyers API is an algo trading tool provided by Fyers. It is a set of rest APIs that will provide integration with Fyers in-house trading platform with which the customers can build their own customised trading applications. Users can get signals for manual or automatic trading signal based on the strategy chosen by the user.
Fyers API is an algo trading tool provided by Fyers. It allows users to get signals for manual or automatic trading signal based on the strategy chosen by the user.
This cycle refers to the period in which the buyer and seller of shares settle their obligation to each other. In India, we follow the T+2 settlement cycle. So, if the transaction takes place on Monday, the settlement will be done on the second trading day, which is Wednesday, if the transaction takes place on Tuesday, the settlement will take place on Thursday, so on and so forth.
Minimum margin is the margin amount that the investor should have allocated towards the open positions. If the minimum margin level is breached, the system will automatically block further funds. In case an investor does not have sufficient funds in his/her account, the position will be squared off.
It charges only for an executed order. So even if an order is executed in 5 different trades then it is considered only 1 executed order and you need to pay only ₹20.
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gaurav
Fyers Brokrage may be zero but there is DP charges @ 14.75 per script per day (on sell side of delivery) look on their pricing page it is shown as Demat Debit Charges ₹7 + ₹5.5 (CDSL Charges) They have very smartly hidden these charges. They do not show these in their brokerage calculator also. They quietly deducted these charges at the financial year end in my account. it is not written any where , they will not send bill also to your mail id , they will just deduct it from your account silently when asked they showed this page which is hidden in their FAQ https://support.fyers.in/portal/en/kb/articles/what-are-the-dp-charges-levied-by-fyers Our DP charges are among the lowest in comparison to the market standards; Earlier, we used to charge ₹ 10/- + ₹5.5 (CDSL charges) + GST (18% on ₹15.5) on the sell-side for delivery transactions which are settled on T+2 days. With effect from 5th August 2021, the charges have been further reduced to ₹7 + ₹5.5 (CDSL Charges) + GST (18% on ₹12.5). DP charges are applicable whenever you sell any shares from your DEMAT account.
gaurav
Fyers Brokrage may be zero but there is DP charges @ 14.75 per script per day (on sell side of delivery) look on their pricing page it is shown as Demat Debit Charges ₹7 + ₹5.5 (CDSL Charges) They have very smartly hidden these charges. They do not show these in their brokerage calculator also. They quietly deducted these charges at the financial year end in my account. it is not written any where , they will not send bill also to your mail id , they will just deduct it from your account silently when asked they showed this page which is hidden in their FAQ https://support.fyers.in/portal/en/kb/articles/what-are-the-dp-charges-levied-by-fyers Our DP charges are among the lowest in comparison to the market standards; Earlier, we used to charge ₹ 10/- + ₹5.5 (CDSL charges) + GST (18% on ₹15.5) on the sell-side for delivery transactions which are settled on T+2 days. With effect from 5th August 2021, the charges have been further reduced to ₹7 + ₹5.5 (CDSL Charges) + GST (18% on ₹12.5). DP charges are applicable whenever you sell any shares from your DEMAT account.