No, each FYERS account must be opened and operated by the individual investor using their own mobile number, email address, and KYC documents. This ensures regulatory compliance and protects against unauthorized trading.
As per SEBI regulations, all trading accounts must be directly linked to the verified identity of the investor. This includes mobile number, email ID, and banking details. FYERS is required to enforce this strictly to prevent fraud, misuse, or proxy trading.
Using your own contact information—such as phone number or email address—to register another person’s account is considered a regulatory breach. It may result in permanent suspension or legal escalation.
If you want to assist a friend or family member in opening a FYERS account, guide them through the self-onboarding process. For step-by-step instructions, refer to this article. You may help them navigate the process, but all account actions—including registration, KYC upload, and login—must be completed using their own:
| Scenario | Resolution |
|---|---|
| You want to help a family member open an account | Assist them during onboarding, but ensure they use their own contact details and upload documents themselves. You may refer them to this article. |
| You’ve already used your number or email for another person | This may lead to account rejection or regulatory action. To correct the contact details, refer to this KYC update guide. If you're facing issues, contact our support. |
| You’re facing issues with your own verification | Reach out to our support for assistance. To update your contact details, follow this article. |
Last updated: 14 Aug 2025