Pricing, Charges & Taxation
Why does FYERS not give zero brokerage for trading?
At FYERS, we prioritize providing our clients with a premium trading experience, which encompasses advanced technological platforms, comprehensive market insights, and exceptional customer support. Our decision to levy a ₹20 brokerage fee per order ...
Why Does FYERS Block an Extra Amount on Real-time Orders?
At FYERS, our aim is to keep trading processes transparent and straightforward for our valued customers. When you initiate an order, we earmark a nominal sum from your balance to accommodate the brokerage charges for that specific transaction. This ...
What is the IPFT Charge on NSE Trades?
IPFT, or Investor Protection Fund Trust, is an initiative by the National Stock Exchange (NSE). It's designed to safeguard investors against potential defaults by trading or clearing members. The primary objective of IPFT is to compensate any losses ...
Why might the actual charges differ from estimated charges on order execution?
Price break up is the estimated pricing chart which contains break up of brokerage and other charges to be levied if you place a specific order. The charges levied in the contract note might vary from the price break up table due to any of the ...
Are there Annual Maintenance Charges (AMC) at FYERS?
No, FYERS does not impose any Annual Maintenance Charges (AMC). However, it's essential to note that clients who opened their accounts between 1st April 2020 and 4th June 2021 were subjected to AMC charges until 30th September.
Do I need to pay DP charges for Buy Today Sell Tomorrow (BTST) transactions at FYERS?
Yes, from 19th July 2021 onwards, DP charges will apply to BTST trades due to changes in the settlement process. Previously, DP charges were not levied on such trades. Let’s delve into understanding the impact of these changes and how DP charges have ...
What are the DP charges at FYERS?
At FYERS, we continually strive to provide competitive pricing. Initially, we charged a DP fee of ₹10 + ₹5.5 (CDSL charges) + 18% GST on the sum of ₹15.5 for the sale-side of delivery transactions settled on T+2 days. However, effective from 5th ...
What are the Demat service charges at FYERS?
Good news! Opening a Demat Account with FYERS is free and there's no Annual Maintenance Charge (AMC). A detailed breakdown of charges related to our Demat services can be found in the Charges List. Additionally, the tariff sheet in the Demat account ...
What are the Clearing Member charges?
A Clearing Member (CM) is a member of the Clearing Corporation responsible for clearing and settling trades. They might work on their own account or for their clients, based on the terms set by the Clearing Corporation. The charges for a CM can ...
What is the Security/Commodity Transaction Tax (STT/CTT) at FYERS?
Securities/Commodities Transaction Tax (STT/CTT) is a charge levied by the government during transactions on exchanges. For equity delivery trades, these charges are applicable for both buy and sell transactions. However, for intraday trading, ...
Which statutory charges are imposed by the government and regulatory authorities on trades?
When you conduct a trade in any segment, you're responsible not only for the brokerage but also for specific statutory charges. These may include STT (Security Transaction Tax) for equity transactions, CTT (Commodity Transaction Tax) for commodities, ...
Are charges applicable for cancelling Trades/Orders at FYERS?
No, we do not impose any charges for cancelling trades or orders. This applies regardless of whether cancellations are made via any FYERS platform or our Call & Trade service. Our charges are based on executed orders. Consequently, cancelling a ...
How is the Goods and Services Tax (GST) computed on total charges at FYERS?
GST, or Goods and Services Tax, is a unified tax applied to goods and services. It's levied from the manufacturer or service provider right through to the end consumer. In the securities market, the standard GST rate is set at 18% across all ...
How do we determine stamp duty at FYERS?
Stamp duty is charged on the value of shares being transferred. According to the Indian Stamp Act, it's applied to purchases, sales of goods, shares, futures contracts, or commodities traded via an association at prescribed rates. Historically, ...
What is the SEBI Turnover fee at FYERS?
The Securities and Exchange Board of India (SEBI) imposes fees on all buy and sell transactions across various securities. The term 'turnover' encompasses the value of trades executed by a client in a particular segment. At FYERS, the SEBI Turnover ...
Why does FYERS impose a fee for Call & Trade?
At FYERS, we're committed to offering our clients efficient and straightforward access to the market, even over the phone. Our Call & Trade service, however, entails a certain effort on our part to place or adjust the required order, which is why ...
What are Admin Square Off charges at FYERS?
Admin Square Off charges relate to trades that we, at FYERS, square off on your behalf. These are trades you haven't squared off by the day's end, where required. Typically, our Admin Square-off procedure is conducted between 3:15 and 3:30 PM, ...
What Charges Apply to Same-Day Equity Delivery Squaring Off?
If you initiate and conclude a position in equities within the same day, it's categorized as an intraday transaction. Accordingly, the brokerage charged will be either ₹20 per executed order or 0.01%, whichever suits the trade's nature - be it ...
Is there a subscription fee for accessing FYERS platforms?
Absolutely not! We do not levy any subscription fees for our platforms. All of Fyers' platforms are accessible free of cost to our clients. If you have queries about renewing subscriptions, especially for Fyers One, you can refer to our guide on How ...
What are the brokerage charges for currency Futures & Options at FYERS?
At FYERS, for currency futures, we adopt a flat pricing policy, similar to equity futures. You will be charged either ₹20 per executed order or 0.03% of the transaction value, whichever is lower. For currency options, a fixed charge of ₹20 is levied ...
How does FYERS charge for commodity trading?
For those venturing into commodity futures trading with FYERS, our pricing mirrors that of equity futures. Specifically, we charge ₹20 per executed order or 0.03% of the transaction value, opting for the lesser of the two. When it comes to commodity ...
Does FYERS have hidden charges during trading?
Absolutely not! At FYERS, we believe in transparent operations, ensuring our clients are never in the dark. All our charges are explicitly stated, and should you ever require clarification on any levied fee, we're always here to explain. Our ...
Why aren't DP charges included in the contract note at FYERS?
Depository Charges, often referred to as DP charges, are fees imposed by depositories for equity share transactions in your Demat account. On the other hand, the contract note lists all the trading-related and transactional costs, such as brokerage, ...
How is brokerage structured for Equity F&O at FYERS?
At FYERS, when it comes to futures trading in Equity F&O, our pricing model is simple: a flat ₹20 per executed order or 0.03% of the transaction value, choosing the lesser amount. For options trading in the same segment, the brokerage is a ...
What's FYERS' brokerage for equity intraday trading?
For those engaging in equity intraday trading with FYERS, the brokerage levied is ₹20 per executed order or 0.03% of the transaction's total value, with the lower amount being applied. For a detailed view on other segments, consider examining our ...
Does FYERS charge differently for HUF, Partnership Firms, or LLPs?
Not at all! Whether you open an account as an HUF, Partnership Firm, or LLP, the process is completely free. Additionally, there's no Annual Maintenance Charge (AMC) to bear. Our pricing model is consistent across the board, meaning traders and ...
What does FYERS charge for equity delivery trades?
At FYERS, equity delivery trades come with a delightful advantage: zero brokerage. This applies irrespective of turnover magnitude or any upper cap. To further comprehend our charging mechanism across various segments, please check our detailed ...
How much does it cost to open a Corporate Account (Private Limited Company) with FYERS?
Opening a Corporate Account with FYERS is free, and there's no Account Maintenance Charge (AMC) either. For trading, we have a flat brokerage fee, which is either ₹20 per executed order or 0.03% of the trade value, whichever is lower. For a ...