FYERS Mobile Application Review
Fyers Track Record Of Best Online Stock Broker In India
FYERS Mobile App Review
FYERS Securities Private Limited is a discount broking firm based in Bangalore, Karnataka which offers discount broking plans to the clients with flat brokerage schemes. Their keen focus is to provide their users latest technology in order to make the stock trading experience fluent and convenient. FYERS assists their clients to make investment in Equities, Derivatives, Currencies and Thematic investing services.
FYERS Markets (Mobile Trading App)
In order to provide the best trading platform to its users, FYERS launched its mobile app called FYERS Markets which is a modern trading application, available for android and iOS supported devices. This app is specially designed for the active traders who enter and exit positions quickly. This application is loaded with a number of unique features which are explained in detail below.
Features of FYERS Markets
i. Advanced Charts: This application provides advanced charting features with more than 65 technical indicators and historical data support of more than 22 years. In addition, 2 years of historical intraday charts are also made available to help the users in stocks analysis.
ii. Complete Synchronization: Integration of watchlists, chart settings, and all other trading related functions of FYERS web with the application has made the trading even easier. Both web and app can be accessed simultaneously without disruption.
iii. Seamless User Experience: The optimized user-interface enables the traders to multitask and manage trading easily. Users can slide through watchlists, orderbook, positions and trades fluently without any issues. It is specially designed to increase speed which is a big value for seasoned and active users.
iv. Highly Secure: FYERS Markets has passed all the regulatory requirements tests and has a very high level of security protocol. Moreover, it has been tested by one of the top application testing companies in India.
v. Multiple Watchlists: Various watchlists can be created and tracked separately according to customers requirement. These watchlists can be set according to different market situations.
vi. Quick Updates: All the latest updates from regulators, stock exchange and market information are provided by this application in the form of notices.
vii. Back Office Support: Back office can be directly accessed for any historical trade related information, costs and holdings. In case of any queries, the support portal can be accessed by traders for quick answers.
Benefits of FYERS Mobile Application
i. Data Analytics Tool: Clients can get critical market insights with this data analytics tool from FYERS Markets application. This provides the analysis of various charts which has to be studied by the clients, manually in the absence of this feature.
ii. Stock Screener: The stock screener feature helps the clients screen stocks across different markets and sectors. It assists in finding new trade opportunities that could be profitable for their portfolio.
iii. Stimulate Option Strategies: FYERS mobile app provides around 43 different predefined options strategies for new stock traders which can be applied while trading. This helps the user decide the best strategy for the situation.
FYERS Market Demo
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.