Can I open two different Trading/Demat accounts at Fyers?

Can I open multiple trading/Demat accounts with FYERS?

No, you cannot open more than one trading and Demat account with FYERS using the same PAN. However, you're allowed to open accounts with other brokers or depository participants (DPs) if you wish to manage multiple portfolios.

Why only one account is allowed per broker?

SEBI regulations and depository rules permit only one active Demat/trading account per individual per broker, linked to a unique PAN number. This prevents duplication and ensures:

  • Simplified KYC tracking
  • Regulatory compliance
  • Better monitoring of individual investor activities

What are my options for multiple accounts?

While you can’t open two FYERS accounts under the same PAN:

  • You can open accounts with other brokers using the same PAN
  • Family members can each open separate FYERS accounts using their respective PANs
  • You may request a reactivation if an old FYERS account is closed
Use watchlists, baskets, and segregated portfolios within FYERS to manage multiple strategies under a single account.

What If...

ScenarioWhat You Should Know
I want separate accounts for trading and investingYou can manage this within a single FYERS account using different strategies or portfolios
I tried opening a second FYERS accountThe system will reject it if the PAN is already linked to an existing account
I hold joint accounts elsewhereFYERS offers joint Demat accounts through a manual application process. For process, refer to this article.

Last updated: 29 Jul 2025