Trading Fyers Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.5

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.7

Business 1.0

Risk Control 1.3

Software 2.0

Regulatory 1.5

Terminal Snapshot

Fyers Trading Conditions

Registered Region India

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support-complaints@fyers.in

Contact Number +9108066251111

Website fyers.in

Balanced Review

Pros & Cons

Pros

Diverse range of trading instruments including equities, futures, options, debts, and funds
Multiple trading platforms: FYERS Web & App, FYERS Trader, FYERS One, TradingView
Customer support available via phone, email, and social media
Account types tailored for NRI, corporate, and minor traders
Low minimum deposit requirement of ₹100

Cons

Not regulated by any recognized financial authority
Limited access to certain asset categories, such as commodities and cryptocurrencies
Lack of advanced trading tools like MetaTrader
Limited information available on trading fees and conditions
Potential transparency issues regarding fund management

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Fyers	XA Markets	Goodwill	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	India	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.5/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Fyers Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
NRI Account	NRI traders	Specialized services for non-resident Indians	Requires NRI documentation
Corporate Account	Corporate clients	Customizable trading solutions	Requires corporate documentation
Minor Account	Minors trading with guardian supervision	Designed for young traders	Requires guardian’s consent and documentation

Account Opening Process

To open an account with Fyers, traders will need to submit personal, employment, and financial information. This includes providing identity verification documents such as a government-issued ID and proof of address. The process is designed to be straightforward, and traders have the flexibility to upgrade to a professional account later if their trading needs change.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	[Spread]	[Commission]	Competitive spreads for major currency pairs
CFDs (Stocks)	[Spread]	[Commission]	Varies by stock, generally tight
CFDs (Indices)	[Spread]	[Commission]	Broad market coverage
CFDs (Commodities)	[Spread]	[Commission]	Includes popular commodities
Cryptocurrencies	[Spread]	[Commission]	Variable based on market conditions

Other Fees

Fyers may impose various fees, including deposit and withdrawal fees, inactivity fees, and potential platform usage fees. Traders should also be aware of overnight interest, commonly referred to as swap rates, and any currency conversion fees that may apply during trading activities.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Fyers User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Anjali Sharma

Bangalore

★ ★ ★ ★ ★

Fyers has a user-friendly platform that makes trading quite straightforward. The FYERS App is particularly impressive with its real-time alerts and easy navigation. I appreciate the variety of trading instruments available, which allows me to diversify my portfolio. However, I wish they offered more educational resources for beginners.

Rajesh Gupta

Mumbai

★ ★ ★ ★ ★

I’ve been using Fyers for over a year now, and I am very satisfied with their services. The execution speed is excellent, and I love the advanced charting tools on FYERS Trader. Their customer support has been responsive whenever I’ve had queries, making my trading experience smooth.

Suresh Patil

Pune

★ ★ ★ ★ ★

My experience with Fyers has been frustrating. I faced delays in withdrawals that took longer than expected, which made me uneasy about my funds. Additionally, I found their support team lacking in resolving my issues promptly. I hope they can improve in these areas.

Neha Verma

Delhi

★ ★ ★ ★ ★

I am extremely disappointed with Fyers. I encountered numerous issues with my account verification and had difficulty reaching their customer service. The lack of regulation is concerning, and I feel my investments are not safe. I would not recommend Fyers to anyone.

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