Fyers Brokerage

With the growing interest of people towards stock market investment, many brokers are coming forward to offer better services to their clients. One such stockbroker on the list is Fyers. To begin your trading journey with the broker, here is the complete review of Fyers Brokerage. 

Fyers Brokerage Charges 

Fyers, a discount broker, is quite a popular option in the market. Being a discount broker, the prices are very minimal. In fact, they are one of the most affordable and cheap brokers in the Indian stock market. 

They charge a flat ₹20 brokerage on every trade, irrespective of the size of your order and do not charge any fees to trade in equity delivery. 

Now since you can trade across different segments with Fyers including Equity, commodity and currency so let’s delve into to find the exact brokerage you need to pay to execute the trade with the broker. 

Fyers Delivery Charges 

If you are planning to trade in equity delivery, then opening a Fyers Demat Account proves to be beneficial as the broker does not charge any fees for equity delivery. 

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Fyers Intraday Brokerage

Although there are no fees to trade in equity delivery in Fyers, still you need to pay a small amount as SEBI charges, Stamp Charges, and STT. It is good to consider these fees beforehand to avoid any confusion. 

Apart from delivery trading, you can trade intraday in the equity segment. For intraday trading, the broker charges the fees equals ₹20 or 0.03% whichever is lower. 

 

To understand this, let’s assume that you trade in the Infosys shares with the total turnover value of ₹1,25.000. 

Here, to find the brokerage, perform the calculation as below:

0.03%*125000= ₹37.5

Now since the broker imposes the maximum fees of ₹20, thus you need to pay only ₹20 to execute the trade. 

On the other hand, if the turnover value is 50,000

0.03%*50000= ₹15

Here you have to pay only ₹15 to trade intraday. 

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Fyers Commodity Brokerage

Along with the Equity segment, the traders are also provided with an option to trade in commodities after Fyers Account Opening. 

Now commodities are traded in the derivative market and thus the brokerage further depends on whether you trade in commodity futures or options. 

Here is the detail of commodity brokerage in the table below: 

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Fyers Currency Brokerage 

You can trade across different currencies with Fyers. Again the currency is being traded-in derivatives and thus the brokerage varies according to the Futures or Options segment. 

Similar to commodities, the brokerage for Currency Futures is ₹20 or 0.03% of trade and for Currency options, the brokerage is charged per lot which is equal to ₹20 per lot. 

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Fyers Brokerage Calculator

As already discussed above, apart from brokerage, the broker charges additional fees like SEBI charges, STT, GST etc.

The exact brokerage, therefore, differs from the plan provided by Fyers. To get the perfect evaluation of the fees we provide you a brokerage calculator. 

By just entering your buy/sell quantity and price you would be able to get the total brokerage including additional fees and taxes. 

Also, the calculator helps you to get an idea of the profit or loss you can make by executing a particular trade. 

Conclusion 

Fyers is a discount broker and brings the best services at an affordable price. It is one of the cheapest online brokers available in the market. 

With its flat brokerage fees and other additional benefits, it has gained the trust of many traders. 

To reap the benefit of investment by opening a demat account now. You can start from here: