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FYERS Review

Depends

Should I use FYERS?

Start trading in equities, f&o, etc. Access advanced charting, fast order execution, and APIs for smart trading by opening your free demat account with FYERS. - fyers.in

· 1 week ago

Good fit for active Indian traders doing F&O, algo, or API-based trading who want flat ₹15 orders and deep charting tools. Not for passive buy-and-hold investors or anyone who needs reliably reachable support.

Confidence

Medium. Based on 25+ public sources: Reddit, TradingView, Trustpilot, Ambitionbox, Moneycontrol, and official FYERS pages.

Ratings

  • Value for money
  • Ease of use
  • Feature depth
  • Support quality
  • Security posture

Pricing

Free

Account opening

ModelNot disclosed
Monthly feesNot disclosed
HardwareNot disclosed
Free tierYes
Brokerage₹15 per executed order

Best for

  • Active F&O traders
  • Algo/API traders
  • Cost-conscious Indian traders
  • Heavy charting users

Not for

  • Passive buy-and-hold investors
  • Traders needing premium phone support
  • Traders outside NSE/BSE/MCX markets
  • Users wanting the biggest, most battle-tested platform

Gotchas - check before you buy

medium

SEBI fined the broker ₹4 lakh (Feb 2025) over peak-load and disaster-recovery norms — a reliability signal.

medium

MTF margin funding carries flat 12.49% interest — leverage costs add up fast.

medium

Help-center article exists for users unable to reach support — expect possible slow resolution.

low

Bootstrapped and unfunded; smaller scale than Zerodha or Groww.

Pros and cons

Pros

  • Free demat account opening with flat ₹15 per executed order
  • Zero-commission direct mutual funds
  • Deep toolset: APIs, advanced charting, algo trading, order flow
  • Praised by active traders for options and algo trading
  • Member of NSE, BSE, MCX, CDSL — fully regulated Indian broker

Cons

  • SEBI fined FYERS ₹4 lakh for peak-load and disaster-recovery violations (2025)
  • Support access complaints documented in FYERS's own help center
  • Public account of trader losing money via faulty platform execution
  • Mixed internal reviews: 3.4/5 employee rating

Sources & method

- 10 sources - Bug bounty program in place; SEBI fined FYERS ₹4 lakh (2025) for peak-load and disaster-recovery norm violations.

official x4review x4security x1news x1
  • SEBI regulatory fine, SEBI fined FYERS ₹4 lakh in Feb 2025 for violating peak-load margin and disaster-recovery norms.
  • Unconfirmed CVE disclosure, A researcher gist for CVE-2025-69614 surfaced in Fyers-related security results; FYERS-specific scope is unconfirmed in these sources.

Key stats

  • Value for money: 4/5

    Rating

  • Free

    Starting price

  • 10

    Sources

  • Analyzed

  • Value for money: 4/5. Flat ₹15 orders, free opening, zero-commission funds
  • Ease of use: 4/5. Called beginner-friendly; some UX critiques exist
  • Feature depth: 5/5. APIs, algo tools, order flow, bonds, charting
  • Support quality: 2/5. Support-access complaints documented publicly
  • Security posture: 3/5. Bug bounty exists; 2025 SEBI regulatory fine
  • ₹15 Brokerage per executed order, flat
  • Free Account opening demat + trading account
  • 3.4/5 Employee rating 100+ Ambitionbox reviews
  • 2016 Founded Bengaluru; bootstrapped, no funding

Pricing

Account opening

Free

  • Free demat + trading account
  • Zero-commission direct mutual funds

Brokerage

₹15 per executed order

  • Flat fee
  • MTF margin funding at flat 12.49%

Security

Bug bounty program in place; SEBI fined FYERS ₹4 lakh (2025) for peak-load and disaster-recovery norm violations.

  • SEBI regulatory fineSEBI fined FYERS ₹4 lakh in Feb 2025 for violating peak-load margin and disaster-recovery norms.⁴
  • Unconfirmed CVE disclosureA researcher gist for CVE-2025-69614 surfaced in Fyers-related security results; FYERS-specific scope is unconfirmed in these sources.

What users say

Traders on Reddit and TradingView generally rate Fyers highly for options and algo trading, while some report difficulty reaching support.

“fayers is best broker for option trader.”
TradingView broker reviews
“Dhan and Fyers are far ahead of all”
Reddit, r/IndianStockMarket
Full analysis

Based on 25+ public sources: Reddit, TradingView, Trustpilot, Ambitionbox, Moneycontrol, and official FYERS pages.

Cheap, feature-rich Indian broker for active F&O and algo traders; passive investors and support-sensitive users should look elsewhere.

Methodology

Based on 25+ public sources: Reddit, TradingView, Trustpilot, Ambitionbox, Moneycontrol, and official FYERS pages.

Read how a report is made.

Sources

  1. FYERS official sitefyers.in
    official
  2. FYERS investments (zero-commission mutual funds)fyers.in
    official
  3. FYERS bug bounty programfyers.in
    security
  4. SEBI fines FYERS ₹4 lakh — Moneycontrolmoneycontrol.com
    news
  5. Fyers reviews — TradingViewtradingview.com
    review
  6. Fyers reviews — Trustpilottrustpilot.com
    review
  7. FYERS employee reviews — Ambitionboxambitionbox.com
    review
  8. My Trading Broker Review — Redditreddit.com
    review
  9. Why am I not able to connect with FYERS Support?support.fyers.in
    official
  10. FYERS company profile — Tracxntracxn.com
    official

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