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FYERS Consumer Complaints

Fyers Track Record Of Best Online Stock Broker In India

  • Life

    3.9

    Company Rating

  • Life

    40+

    Cities Covered

  • Life

    2.5 Lacs+

    Orders Per Day

  • Life

    10K Lacs+

    Daily Turnover

  • Life

    55000+

    Our Client Base

  • Life

    4.1

    Mobile App Rating

  • Life

    3.9

    Company Rating

  • Life

    40+

    Cities Covered

  • Life

    2.5 Lacs+

    Orders Per Day

  • Life

    10K Lacs+

    Daily Turnover

  • Life

    55000+

    Our Client Base

  • Life

    4.1

    Mobile App Rating

 
 
 

Fyers Account Opening Enquiry

 
 
 
 

FYERS Consumer Complaints

The complaint report from FYERS brokerage provides the details about the number of complaints received by the stock exchange from the customers. The consumer complaint report analyses the online complaint data provided by BSE and NSE. This helps to determine the health of the broker.
Customers files these legal complaints with the stock exchange when the broker is not able to resolve the issues for a long time. The broker report also shows the number of active clients.

Below we have the details of FYERS consumer complaints:

FYERS Consumer Complaints

Exchange

Financial Year

Number of Clients

Total Complaints

BSE

2020-21

491

2

NSE

2020-21

23,846

36

NSE

2019-20

7,099

3

NSE

2019-20

14,189

24

NSE

2018-19

4,805

4

NSE

2017-18

1,827

6

FYERS Complaints at NSE

Particulars

2020-21

2019-20

2019-20

Defaulter Yes/No

No

No

No

No. of clients at the beginning of the year

 

 

 

No. of active clients

23846

7099

14189

No. of complaints received *

36

3

24

Resolved through the exchange

29

2

19

Non actionable **

5

0

0

Advised / Opted for arbitration

0

0

0

Pending for redressal with exchange

2

1

5

No. of arbitration filed by clients

1

 

 

Decided by arbitrators in favour of the clients

0

 

 

Decided by the arbitrators

0

 

 

Pending for redressal with arbitrators

1

 

 

% of No. of complaints as against No. of active clients

0.15

0.04

0.16

% of complaints resolved as against complaints received

94.44

66.66

79.16

FYERS Complaints at BSE

Particulars

2020-21

Defaulter Yes/No

No

No. of clients at the beginning of the year

7757

No. of active clients

491

No. of complaints received *

2

Resolved through the exchange

1

Non actionable **

0

Advised / Opted for arbitration

0

Pending for redressal with exchange

1

No. of arbitration filed by clients

0

Decided by arbitrators in favour of the clients

0

Decided by the arbitrators

0

Pending for redressal with arbitrators

0

% of No. of complaints as against No. of active clients

0.41

% of complaints resolved as against complaints received

50

 

FYERS Active Clients

Years

FYERS Active Clients

Total Active Clients (NSE)

Client Share

FY 20-21

23,846

1,42,21,650

0.17%

FY 19-20

14,189

1,07,95,660

0.13%

FY 18-19

5,323

87,82,207

0.06%

FY 17-18

1,827

82,89,801

0.02%


Frequently Asked Questions

To buy either calls or puts, the margin requirement is only to the extent of the premium. Margin for buying options = Premium * Total Quantity.
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 offers multiple modes to add funds in the traders trading account. They can add funds via IMPS/NEFT/RTGS, UPI and internet banking.
Proof of Identity, Proof of Address, PAN card, Bank statement, cancelled cheque and photographs are required to open an account with Fyers.
No, fund withdrawal is only processed through bank transfers.
No, fund withdrawals are credited only to the primary bank account.
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.
In that case, the client is obligated to clear all the dues to the broker immediately. Failing which, the client will be charged a penalty.
Yes, Fyers provides algo trading.
Yes, with Fyers you can place MIS order.
Yes, the minimum balance amount can be utilized to enter into any position.
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.
Anyone who has an account with Fyers is eligible for Thematic investments. It can be used by new and experienced investors alike.
Yes, FYERS provides "Good till Canceled" (GTC) or "Good till Date" (GTD) or "Valid till Date" (VTD) order.
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.
A theme index represents the value of the particular theme/portfolio of stocks.
It is a mutual contract between two parties which derives its value from an underlying asset.
Yes indeed, as it is a regulatory requirement.
Yes, already existing Demat accounts can be linked with FYERS trading accounts. For further details, customers can contact their sales executive.
Yes, It provides market updates and news alerts.
Yes, it is mandatory to have a Demat account in order to make Thematic investments.
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.
Yes, Fyers offer advanced technical charts on its free trading terminal.
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.
Yes, Fyers provides After Market Order (AMO).
The details will be communicated to the traders within 3 days from the date of transaction.
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.

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