FYERS Brokerage Charges, Transaction Charges, STT and SEBI Charges
FYERS Securities Private Limited is a Bangalore based stock broker company which was established in August 2015. The organization has created a benchmark in providing low-prices and risk management without interest related disputes.
Zero brokerage per executed order for Equity delivery, Thematic investments and Flat ₹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.
FYERS Brokerages and Charges:
Trading and Demat account services are provided by FYERS, where customer have to pay fees, commission and taxes while trading. Trading commission rates and fee structure of FYERS 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)
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’.
When a customer places an order over the phone through a dealer, Fyers charge an additional ₹20 as Call & 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.
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 Bridge is designed for Algo Trading. With this API, clients can develop and execute their trading strategies using their choice of 3rd party trading platform or design their own trading software.
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.