No, opening a Demat account with FYERS is mandatory for all clients who wish to trade or invest in equities, ETFs, or mutual funds. Your Demat account is essential for holding the securities you purchase.
A Demat account at FYERS is linked to your Trading account and enables you to buy, sell, and hold financial instruments in electronic form. Without it, you cannot participate in equity-based transactions or mutual fund investments.
When you open a Trading–Demat account with FYERS, you get access to these market segments:
| Scenario | Solution |
|---|---|
| I already have a Demat account with another broker | You’ll still need to open a FYERS Demat account, as we only support internal Demat accounts for equity and mutual fund trades. |
| I want to trade only in derivatives | You still need to open a Demat and Trading account with us. |
| I’m unsure how to proceed | You can contact us for help. |
Last updated: 02 Jan 2026