Fyers Intraday Trading – Benefits, Process, Charges, Margin & more
In this article, you will get to know all information about Fyers Intraday Trading. Fyers is a growing Stock broking company which started off in 2015 by a group of young budding entrepreneurs.
It is a Gen-next organisation built with a philosophy of providing seamless trading experience to customers. The company’s Co-founder and CEO – Tejas Khoday himself is probably the youngest team member who started his trading journey at the age of 16 and ideated this organisation with a team of innovators.
In such a short span of time, they have managed to take the company to great success due to their customer centric approach and passion for trading.
Here, we will talk more about Fyers Intraday Trading solutions as they are the market leaders in offering some great solutions in this area.
We shall explain to you the features and benefits this company’s trading account offers, the kind of brokerage charges you would need to pay during intraday transactions and we will also guide you on how you could start your Intraday trading journey with them.
Fyers Intraday Trading & Benefits
If you are a regular in the trading world, I am sure you would certainly know the difference between Intraday Trading and other segments. Many companies offer some extra benefits to Intraday traders just to boost up trade across the exchange.
Fyers Securities is no exception in this. They also offer many benefits along with their Intraday Trading services. Let’s have a detailed look at what all you could get with Fyers Intraday Trading:
- Free Trading account: To start with, you can get started with Fyers Securities with a free Trading account. You can simply go to their website and start a free trading account with them and get started with Intraday Trading.
- World Class Trading Platforms: Being a technology focused stock broking company; they have designed and deployed some extremely high performing Trading Platforms which can make sure you have an enjoyable trading experience.
- 30 – Day Challenge: They have a 30 day challenge on their brokerage charges to give you an opportunity to save all your brokerage amount across all segments.
- High Margins: They are amongst those stock brokers who offer a great Margin and exposure benefit to the traders so that they could go all out there and trade without any fear.
Real-time Screeners and Analytics: Fyers Securities has a backend team that provide complete assistance and recommendations on stock trending and probable investments you could do to build a healthy portfolio. The Fyers Intraday trading Tips can be extremely beneficial to you as a trader, especially if you are a first-timer.
Open Fyers Trading Account Now! – Fill up the Form
How to do Intraday Trading in Fyers?
Intraday trading is mostly considered to be a professional’s game and not something that rookies would try their hands on. This is generally because people feel that they would end up losing rather than earning money.
However, Fyers Intraday Trading systems are extremely easy to understand and with their research and analytics team’s assistance, you could also end up building some good corpus for yourself.
In this article, we have also given you step-by-step procedure on how you can start your journey of Intraday Trading in Fyers. You must through the below process thoroughly and get started:
- The first step to start your Intraday trading journey is to get your Fyers Trading Account opened. It is very simple to do that.
- On their homepage you can see a tab that says “Open an Account”. Click on that and fill in your details like Name, Email ID and Mobile Number. The company will follow up on you in order to guide you through the account creation procedure. You may refer to other sites, wherein we have mentioned the entire account creation step by step.
- When your account is created, you will receive your Trading account ID and password on your registered email id.
- Open the trading account by logging into their Trading Portal and the first thing you should do is to change your password. This is important so that no one else can open your trading account except you.
- Just when you are logged in to the portal, you will be able to take a demo of the Portal on the process of using it. You could also take a look at the stock tips and market live streaming that would be populated on your Home screen.
If you want to start off your Intraday Trading in Fyers right away, you can get started with selection of shares you want to trade in and then select the “Intraday Trading or Day Trading” Option. You could choose either from the Buy / Sell sections. And here you are, you can get started simply by clicking on it.
Know more about other Intraday Trading Brokers
Fyers Intraday Charges
|Fyers Intraday Charges|
|Intraday Brokerage Charge||0.03% or Rs.20 per Trade|
|Intraday Brokerage Calculator||Fyers Brokerage Calculator|
Since Fyers Securities is a discount broker, their brokerage charges are extremely low and competitive with other market players. The Fyers Intraday brokerage charges are 0.03% or Rs.20 per trade irrespective of the trade value.
Other Fyers Intraday charges are broken down into the following categories:
- There is a Transaction charge which is charged on the overall trade value.
- The brokerage charge is charged as per the segment and value.
- The STT or the Securities Transaction Tax is an amount that is charged as per government’s jurisdiction.
- There is also a standard Stamp Duty which is charged as per the respective State’s law.
- A GST amount is also charged on the Transaction charge.
- SEBI Turnover charge is charged as stated by SEBI.
These charges may look really humungous, but let us explain to you by illustration through an example so that you can relate to it in a much better way.
Let’s take an example that you buy 1000 shares at a Buying price of Rs.5 and you sell them off at Rs.8. which means you invested Rs.5000 and you got Rs.8000. This means that, you’ve had a profit of Rs.3000 on this trade.
Now let’s see how much brokerage or other charges you had to pay for this trade considering this trade happened in Delhi:
- Brokerage: Rs.20/- (flat charge)
- Securities Transaction Tax (STT): Rs.1.638
- SEBI Turnover Fees: Rs.0.026
- Stamp Duty: Rs.0.260
- Transaction charge: Rs.0.357
- GST: Rs.3.664
- Brokerage with Tax: Rs.25.946
- Overall Turnover: Rs.13000
- Total Profit (excluding all charges): 2974.054
Hence, these charges look great by their percentile but actually add up to a very small amount if calculated in a proper way.
Fyers Intraday Margin
|Fyers Intraday Exposure|
|Intraday Margin Funding||Up to 16x (based on the stock)|
|Intraday Margin Calculator||Fyers Margin Calculator|
Fyers Intraday Margin is another benefit that you can enjoy as a trader with them. Whether you are a new trader or a professional, at some point in time, you would come across a situation wherein you wish to purchase some shares of a certain value but you wouldn’t have that much funds available instantly.
You surely wouldn’t want to lose out the opportunity of earning profits just because of the lack of funds.
For this kind of situation, the stock brokers generally offer a Leverage feature on the margin placed with them.
The Fyers Intraday Limits leverage is Up to 16x (based on the stock) which is very competitive to other players as well. This means that you can trade up to 16 times the amount stored in your Margin bucket with Fyers Securities.
You could avail this Margin Leverage facility from the company through your trading portal itself and then return the money back to the company with specified interest sums as declared by the company.
Find out Intraday Trading Details of other Stock Brokers
Fyers Trading – Types
With Fyers Trading, you can take advantage of their advanced trading tools and enjoy seamless trading experience from any location at anytime. They have all three options of the Trading portal i.e Web Based known as Fyers Web, Desktop Based known as Fyers ONE and Mobile App based called Fyers Market.
With these high-tech tools, one can relax at the comfort of their home and trade without any fear of losing out on anything with Fyers online Trading options.
Fyers Intraday Trading – Conclusion
Fyers Intraday Trading is the most popular and most reviewed trading option that we have in the Indian stock broking industry. Researches and customer surveys conveys the same.
The company has a strong infrastructure, great trading tools, a robust research and analytics unit and a very holistic approach to things. Hence they are amongst the fastest growing broking houses in the country today.
If you plan to have your Intraday dealings with them, you will surely not be disappointed.
Fyers Intraday Trading FAQs
Ques – Is Intraday Trading safe in Fyers?
Answer – Yes, Intraday trading is completely safe in Fyers. A growing Stock broking company built with a philosophy of providing seamless trading experience to customers, Fyers showcases a customer centric approach and passion for trading which makes it a reliable option.
Ques – What is Intraday Exposure at Fyers?
Answer – The Fyers Intraday Exposure is Up to 16x (based on the stock) which is very competitive to other players as well. This means that you can trade up to 16 times the amount stored in your account. You could avail this from the company and then return the money back to the company with specified interest.
Ques – What are Intraday Charges in Fyers?
Answer – The Fyers Intraday brokerage charges are 0.03% or Rs.20 per trade, whichever is low. Then there is a Transaction charge which is charged on the overall trade value, the STT charged as per government’s jurisdiction, a Stamp Duty which is charged as per the respective State’s law, GST and SEBI turnover charge as stated by SEBI.
Ques – How to do Day Trading in Fyers?
Answer – The first step to open your Fyers Trading Account. Then, open the trading account by logging into their Trading Portal. You can get started with a selection of shares you want to trade in and then select the “Intraday Trading or Day Trading” Option. You could choose either from the Buy / Sell sections.
Ques – Does Fyers provides Day Trading?
Answer – Yes, Fyers does provide day trading. Fyers Intraday Trading systems are extremely easy to understand and with their research and analytics team’s assistance, you could also end up building some good profits for yourself.
Ques – Is Intraday Trading Free in Fyers?
Answer – No, while intraday trading in Fyers is not free of cost, but since Fyers Securities is a discount broker, their brokerage charges are extremely low and competitive with other market players. The different charges when cumulated, add up to a very small amount if calculated in a proper way.
Ques – Does Fyers has App for Intraday?
Answer – Yes, Fyers does have a mobile based application called Fyers Market. Their in-house trading app is specifically designed to suit the needs of active traders that enter & exit positions quickly. The intuitive user experience helps you to your valuable time and energy during the rush hours of the market.
Ques – Is Intraday Profitable at Fyers?
Answer – Yes, with the right experts helping you at Fyers, combined with their all time low charges and good margins, intraday trading at Fyers is profitable for clients. The company has a strong infrastructure, great trading tools, a robust research and analytics unit and a very holistic approach to things.
Ques – Do Fyers provide Intraday Tips?
Answer – Fyers Securities has a backend team that provides complete assistance and extensive recommendations on stock trending and probable investments to help build a healthy portfolio. The Fyers Intraday trading Tips can be extremely beneficial to you as a trader, especially if you are a first-timer.
Ques – What is Fyers Intraday mean?
Answer – Intraday trading involves taking long or short positions in securities and squaring off the positions before the end of the trading day. Fyers is a Gen-next discount brokerage house that allows clients to carry out intraday trading with ease and robust analytics.
Open Fyers Trading Account Now! – Fill up the Form
Know in detail about Intraday Trading of other brokers
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