Indian retail traders are spoiled with choices when it comes to discount brokers. While Zerodha and Upstox dominate, FYERS has carved its own niche in advanced charting tools, stock trading APIs, and transparent pricing.
This review breaks down FYERS features, API access, and costs to help you decide if it’s worth switching in 2025.
Charts & Platform
- FYERS Web + FYERS App: Built with TradingView charts — giving traders 100+ indicators, multiple timeframes, and drawing tools.
- Multi-Chart View: Users can track up to 8 charts on one screen.
- Cloud Sync: Charts saved on one device can be accessed on another.
- Advanced Orders: Bracket orders, cover orders, and GTT support.
Verdict: For technical traders who rely on charts, FYERS offers one of the best setups in India.
FYERS API Access
- Trading API: Allows algo trading, automated execution, and backtesting.
- Free API: Unlike Zerodha Kite API which charges monthly, FYERS API is free with account.
- Integration: Works with Python, Excel, and third-party algo platforms.
- Target Users: Quant traders, developers, and serious scalpers.
Conclusion: If you’re into automation, FYERS is cost-effective compared to other brokers.
Pricing & Brokerage
| Segment | Brokerage | Notes |
|---|---|---|
| Equity Delivery | ₹0 | Free delivery trades |
| Equity Intraday | ₹20 per executed order | Flat pricing |
| F&O | ₹20 per executed order | Equity, Currency & Commodity |
| AMC | ₹0 | No annual charges |
FYERS is free for delivery trades and flat ₹20/order for others — in line with top discount brokers.
Why Traders Love FYERS
- Free delivery trades. Pay ₹0 brokerage on equity delivery orders, ideal for swing/long-term positions.
- TradingView-powered charts. Get 100+ indicators, multi-timeframe views, and clean drawing tools on web & app.
- Free stock trading API. Build algos/backtests without monthly API fees — great for quants & automations.
- Clean web + mobile app. Fast, minimal interface with synced layouts and saved chart templates.
What You Should Know
- No mutual fund option. If you want direct mutual funds under one roof, you’ll need a separate platform.
- Smaller client base. Community/tools ecosystem is growing but smaller than Zerodha/Upstox.
- Margin products limited. Fewer leverage/loan products compared to some competitors.
eBharat.com
Who Should Use FYERS?
- Best For: Active equity/F&O traders, technical analysts, algo traders.
- Not For: Long-term investors looking for mutual funds, beginners who need advisory.
Open Your FYERS Trading Account
Start trading with FYERS today. Use eBharat Tools to track brokerage savings and strategy performance.
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