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Today we’ll review one of the most important parts of Fyers business, the Fyers Charges. This will include Fyers Brokerage charges, Trading Charges, Demat and even the taxes they levy on behalf of the government. All you need to do to absorb this information is to stay with us till the very end.

Fyers represents the new era of discount brokers. The company is run by a team of proactive professionals with huge experience in stock broking industry. They provide Demat related services in association with IL & FS Broker Securities Services Ltd.

It began its operations post incorporation in 2015. It presently operates from its Bengaluru, Karnataka based office and has no other branches. However, its online trading platforms work rather well for its clients.

Fyers offers

Fyers Brokerage Charges

The table underneath represents an ensemble of all Fyers brokerage charges

Brokerage Charges
Equity Delivery Trading Free
Equity Intraday Trading Rs.20 per executed order or 0.03% (Whichever is lower)
Equity Futures Trading Rs.20 per executed order or 0.03% (Whichever is lower)
Equity Options Trading Rs.20 per executed order
Currency Futures Trading Rs.20 per executed order or 0.03% (Whichever is lower)
Currency Options Trading Rs.20 per executed order
Commodity Trading Rs.20 per executed order or 0.03% (Whichever is lower)
Minimum Brokerage Rs.20 per executed order
Demat AMC Charges Free for 1st year & Rs.300
Trading AMC Charges Free
Margin Money Zero Margin
Brokerage Calculator Fyers Brokerage Calculator

The table above showcases all of Fyers Brokerage charges beginning with Equity Delivery Trading. The company does not levy any specific charge for these services. They even allow their clients to use Trading Accounts without any AMC.

However, there are certain services they provide that require paying brokerage. Also, we must inform you that, even these services come with a flexible brokerage plan. Services related to Equity Futures, Commodity, Currency Futures and Equity Intraday, all fall under this category.

The company levies either Rs.20 per executed order or 0.03% (Whichever is lower) for these services. Services for Equity Options and Currency Options Trading, are however provided at Rs.20 per executed order. The company has some interesting offers for their Demat Accounts as well.

These accounts are provided for free throughout the first year. However, the clients are required to pay Rs.300 as AMC from second year onwards. They do not need to maintain any specific Margin Money balance nonetheless.

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    Fyers Account Opening Charges

    You can easily assimilate all about Fyers Account Opening Charges. In fact, we’ve curated the exact rates at which the company levies charges for their platforms. All you need to do now is to take a glance at the table below.

    Account Opening Charges
    Trading Charges [One Time] Free
    Trading AMC [Yearly] Free
    Demat Charges [One Time] Free
    Demat AMC [Yearly] Free for 1st year & Rs.300
    Margin Money Zero Margin

    The charges as mentioned in the table above are levied in a different manner. They do not concern any specific service as provided by the company. In fact, they’re levied based on the usage of company’s platforms. You need not pay anything as Fyers Trading Charges or Demat Charges.

    In fact, even the Fyers AMC Charges for Trading Accounts is free. Moreover, the Demat Account is free to be used for the 1st year. However, the company does levy a charge worth Rs.300 per annum post the 1st year usage on Demat AMC.

    The clients are even not forced to maintain any specific Margin Money balance. In fact, they may even maintain the Margin Money at zero rupees.

    Find Account Opening Charges of other Stock Brokers

    Fyers Transaction Charges

    Fyers Transaction Charges are yet another set of charges the clients must pay. And, we’ve mentioned each of such charge in the table below.

    Transaction Charges
    Equity Delivery 0.00275% of Total Turnover
    Equity Intraday 0.00275% of Total Turnover
    Equity Futures 0.00275% of Total Turnover
    Equity Options 0.00275% of Total Turnover
    Currency Futures 0.00275% of Total Turnover
    Currency Options 0.00275% of Total Turnover
    Commodity 0.00275% of Total Turnover

    Fyers charges their clients in terms of per transaction basis. This amount is basically an add on to the base brokerage value. Anyway, as you might observe from the table above, these charges are levied in a uniform manner.

    The company requires a transaction charge worth 0.00275% of total turnover for all their services. By all, we mean Equity Delivery, Equity Intraday, Equity Futures, Equity Options, Commodity, Currency Options and Currency Futures Trading services.

    Find Transaction Charges of other Brokers

    Other Charges As Levied By Fyers

    Fyers charges the clients with some charges other than brokerage. We’ve mentioned all of such charges within the table underneath this part.

    Other Charges
    SEBI Turnover Charges 0.0002% of Total Turnover
    STT 0.0126% of Total Turnover
    Stamp Duty Depends on State (very minimal)
    GST 18% of (Brokerage + Transaction Charges)
    Margin Funding Charges 18% + GST
    Reactivation Charges Rs.50 per Segment
    Account Closure Charges Zero
    Dematerialisation Charges Rs.53

    Fyers Other charges include all the taxes as established by the government. These taxes are however, levied by the company on behalf of the government. To initiate with, we have SEBI Turnover Charges at the top of the table. This is charged at 0.0002% of Total Turnover.

    Then, we have the STT or the Securities Transaction Tax. This one is charged at 0.0126% of total turnover. The company even imposes a GST worth 18% over the sum of total brokerage and transaction charge. Another 18% + GST is imposed on the clients as Margin Funding Charge.

    At last, a certain amount of Stamp Duty comes into play. This one however, varies from state to state. In fact, it is a negligible value as compared to the rest of the taxes. The clients must even pay Rs.50 per segment for Reactivation purposes.

    They are charged with Rs.53 as Dematerialization Charge. There is no specific Account Closure Charges to be paid.

    Fyers Charges – Conclusion

    Now that you know all about Fyers Charges, it is upto you to decide whether the company suits your current requirements or not. You may gather further information about them from some of our other articles.

    Fyers Brokerage Charges FAQs

    Ques – Does Fyers Charge Brokerage?

    Answer – Yes, Fyers does charge a fee of brokerage from their clients and this is applicable for majority of the segments except the delivery segment which is free of any brokerage. Also, the perk here is that this stock broker is a discount broker and charges flat fee.

    Ques – What is Fyers Brokerage Charges?

    Answer – Fyers have a fixed fashion of charge for all the segments, however, there are two different options of brokerage. So, all the segments have the same charge of Rs.20 per executed order or 0.03% (Whichever is lower) except delivery which is free and Options where the brokerage of Rs.20 per Executed order is fixed.

    Ques – What is Intraday Brokerage of Fyers?

    Answer – This stock broker is a discount broker and hence they charge the same rate for all the segments including the intraday segment. As per the structure of this stock broking house, the charge is Rs.20 per executed order or 0.03% (Whichever is lower), just like other segments.

    Ques – What other Charges levied by Fyers?

    Answer – Fyers does levy other charges which are directed by the government, apart from charging the basic brokerage fee. The other charges alongside brokerage are SEBI Turnover Charges, STT, Stamp Duty, GST and Transaction.

    Ques – Is Fyers a discount broker?

    Answer – Yes, this stock broking firm is a discount broker and as a result they has pretty low brokerage charges as their name suggests. This gives rise to your possibility of incurring profits at higher pace where your expenses are put down by an extent.

    Ques – Does Fyers have Free Delivery?

    Answer – Yes, this is one of the many perks that Fyers extends to its clients. This stock broking house has waived off the brokerage for trading in the delivery segment, however the other charges incurred in the trade order go on as they are meant to.

    Ques – How much Fyers Charge for Options?

    Answer – Options investment in provided for 2 different segments, i.e. the equity options or the currency options segment. Both the segments have the same rate of brokerage, i.e. irrespective of which segment you invest in, the charge is Rs.20 per executed order.

    Ques – What are Fyers Transaction Charges?

    Answer – The transaction charges are as well the same for all the segments and the constant rate fashion is followed. Therefore, the transaction charge of 0.00275% of Total Turnover is levied on each of the segment investment.

    Ques – What is the Demat AMC in Fyers?

    Answer –AMC is the abbreviation of account maintenance charge which is levied once every year. So, the structure as followed by Fyers is that they have waived off the charges for the first year and then charge Rs.300 once every year thereafter.

    Ques – Is Fyers Brokerage Free?

    Answer – This is partially true as the stock broker has levied off the charges in relation with the delivery segment. However, charges are levied on the other segment, though they have simultaneously put a cheap flat rate structure for their clients.

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