Fyers review
Updated September 28, 2026 · BrokerCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Fyers suits experienced traders who want a low cost account with nothing at all to pay to open or hold. Stock trades cost INR 20 and the account fee is INR 0, so the charges only bite on traders who place many orders each month.
Key facts
- Best for
- Experienced traders who want no account fee, no minimum deposit and a flat per trade charge.
- Minimum deposit
- ₹0 (Source, checked September 26, 2026)
- Stock trade fee
- ₹20 (Source, checked September 26, 2026)
- Account fee
- ₹0 (Source, checked September 26, 2026)
- Markets
- Stocks, ETFs, Futures, Options, Bonds, Funds (Source, checked September 26, 2026)
- Margin rate
- 12.49% to 16.49% (Source, checked September 26, 2026)
- Options contract fee
- ₹20 (Source, checked September 26, 2026)
- Features
- Demo account, Mobile app
- Pricing model
- Low fees
- Audience
- Experienced traders, Day traders
- Official website
- fyers.in
Apps and profiles
- Get the app
- App Store
Pros and cons
Pros
- The account fee is INR 0 and the minimum deposit is INR 0, so holding the account costs nothing.
- It runs on a low fee model, with a stock trade at INR 20 and options at INR 20.
- A single account covers stocks, etfs and futures, with a demo account and a mobile app included.
Cons
- A stock trade costs INR 20 against $0 at eToro, so frequent traders pay more.
- The stated audience is experienced and day traders, so a first time investor gets little guidance.
- Borrowing to trade attracts a margin rate of 12.49% to 16.49%, a cost the cash account does not carry.
Who it suits
- Anyone who wants no minimum deposit, since it is INR 0
- Traders who hold stocks, etfs and futures in a single account
- Cost watchers who trade often, at INR 20 a stock trade
Who should look elsewhere
- eToro users, whose stock trade fee is $0 against INR 20 here
- Vantage users who expect a set minimum deposit, since Vantage lists $5
- First time investors who want hand holding, as the audience is experienced and day traders
Fees and costs
The account fee is INR 0 and the minimum deposit is INR 0, so you can open and hold an account free. A stock trade costs INR 20 and an options contract INR 20. Borrowing is the part to watch: the margin rate runs 12.49% to 16.49%.
How it compares on our data
Fyers sits at 1 of 138 brands on the account fee, and 1 of 213 on the minimum deposit. The stock trade fee is the weaker spot at 99 out of 161. Those top placements sit on the cost of holding an account, while the per order charge sits lower down, so frequent traders should weigh it more heavily.
How Fyers compares
9.3 vs 9.0
9.3 vs 9.4
9.3 vs 8.7
MarketScreener
9.3 vs 9.4
9.3 vs 8.7
9.3 vs 9.0
9.3 vs 9.3
9.3 vs 8.7
9.3 vs 8.6
9.3 vs 9.2eToro lists a stock trade fee of $0 against the INR 20 here.
9.3 vs 8.7
Kitco
9.3 vs 9.1
9.3 vs 9.0
9.3 vs 9.0Pepperstone
Vaulted
wikifolio.com
Intellectia
Winvest
Libertex International
XM VN
Where Fyers is available
- Available
- India
Countries from the brand (Source, checked September 29, 2026)
Frequently asked questions
What does it cost to trade stocks and options?+
A stock trade costs INR 20 and an options contract costs INR 20. Both are per order charges, so a trader who places many small orders pays more than one who holds a longer position. The account fee does not add to that.
Is there an account fee or a minimum deposit?+
The account fee is INR 0 and the minimum deposit is INR 0, so there is nothing to pay to open an account and nothing to hold one. You can add money in the amount and on the timescale that suits you.
What can I trade on a Fyers account?+
A single account covers stocks, etfs and futures. A longer holding and a shorter position can sit side by side without a second sign up, which suits anyone who mixes a long term view with shorter term trades on the same screen.
What does margin cost?+
The margin rate runs 12.49% to 16.49%. It applies only if you borrow to trade instead of using settled cash. The order charge stays INR 20 either way, so the borrowing interest, not the fee, is the extra cost.
Which platform do I use to place orders?+
You get a mobile app and a demo account, listed as demo account and mobile app. The demo account lets you walk through the order flow before putting real money at risk, and the app is where orders are placed day to day.
Who is Fyers aimed at?+
The stated audience is experienced and day traders and the pricing model is low fees. That points to people who already know what they are trading and who watch the size of each charge. A new investor gets less from the pricing than from guidance.
How does it compare with a cheaper per trade broker?+
Fyers charges INR 20 for a stock trade while eToro lists $0. The saving at Fyers sits in the account fee and the minimum deposit rather than in the cost of each order, and active traders feel that first.
What do retail accounts usually lose?+
The cost of trading is small next to the risk itself. Across brokers on the site, retail accounts that lose money sit at 70.15%. A low charge such as INR 20 keeps fees out of the picture but does not change market outcomes.
Sources
- fyers.in checked September 26, 2026
Backs: Audience, Features, Markets
“Built for Those Who Are Born to Trade - Standard Equity delivery plan”
- fyers.in/charges-list checked September 26, 2026
Backs: Margin rate, Options contract fee, Stock trade fee
“16.49% p.a. for funding Rs1,000.01 to Rs1,00,000 - Standard MTF plan”
- fyers.in/pricing checked September 26, 2026
Backs: Account fee, Minimum deposit, Pricing model
“Rs0 AMC - Standard Equity delivery plan”
Compiled from 3 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Inactivity fee, Regulators, Investor protection, Retail accounts that lose money.
Fyers
Experienced traders who want no account fee, no minimum deposit and a flat per trade charge.