We doubt that you might not be aware of the full form of this broker. Well, Fyers stands for Focus your Energy and Reform the Self.
This broker is a SEBI (Securities and Exchange Board of India) registered firm. This means that trading through this broker is completely safe as its activities are fully controlled and monitored by India’s Top Security Exchange.
Another key point to know is that all the stocks, shares, and other securities placed on the online trading platforms of Fyers are listed on NSE (National Stock Exchange), BSE (Bombay Stock Exchange), and MCX (Multi Commodity Exchange).
The Fyers account opening process is quite simple and hassle-free. In the account opening process, we are talking about the demat account as well as the trading account.
Before moving ahead, you must know Who can open a demat account in India. If you fall under the category that fulfills the demat account opening eligibility, then you can proceed with the below steps without any obstacle.
So, if you are thinking of opening an account with the broker then here we are with the complete information including its online, offline process, documents, and charges associated with the Fyers account opening process.
Fyers Account Opening Online
The online account opening in Fyers is the fastest way to register with this broker. This process saves you precious time, valuable money, and your strong efforts.
To make the process hassle-free, we have shared a registration form below-
To get started, here are the steps that can help you in proceeding successfully with the account opening process.
In this Registration form, kindly enter your full name and valid contact number to complete the procedure of Fyers account opening.
Now, within a short moment, a Business Executive from the Central Department of Fyers will give you a callback on the given number.
He will collect all your vital details needed for Fyers account opening and give you a token for the same.
After a verification check, within 12 hours your demat account will be opened with this broking firm.
Shortly, you will be welcomed with the login credentials- User ID and a unique password.
In this way, you can quickly complete the Fyers account opening process.
Now, let’s talk about the offline procedure of opening Fyers demat account.
Fyers Account Opening Offline
Fyers account opening offline method is a traditional way of opening an account. In this method, a customer must visit the nearest branch along with some necessary documents required for fyers account opening.
Also, you can download the form from the website, fill in all the necessary details and send it to the nearby branch or the main office branch of Fyers via courier. The account opens once all the details are verified by the executive.
We highly recommend you to opt for the online procedure since this method takes a long time of account opening along with some extra efforts.
For the online method, scanned copies will be required, and for the offline one, hard scanned copies of these documents must be hand over to the Branch executive.
Documents Required for Fyers Account Opening
As discussed earlier, you have to submit few essential documents to complete your account opening process. Make sure you keep them handy to avoid any delay in account opening process.
Wondering what are those documents!
Well! some of the basic documents like Address proof, Identity Proof, Bank Details, etc is all required to open an account with the broker.
To make it more simple here is the details of each document mentioned below:
Voter ID Card
Uploaded and scanned image of passbook
*In case you want to trade in the derivatives segment, you have to submit additional income proof along with the list of documents mentioned above. This includes salary slip and bank statement for the last 6 months.
Passport Size Photograph
Fyers Account Opening Login
Now, you might be curious to know what will happen once you have completed the Fyers account opening method.
The very step is to have access to the trading platforms of Fyers, which can only be achieved by going through the actions essential for Fyers account opening login.
Without any delay, let’s move ahead!
The login process for Fyers and Fyers Markets-
If you opt for the Mobile-based trading platforms of Fyers, then you will be required to download them via your iOS and Andriod application.
Once downloaded, open the application and enter your User ID or client ID along with the password. Extra two-factor security has been taken by the broker by asking the PAN or Date of Birth of the cardholder.
In this way, you can quickly start your trading journey with the Fyers!
If you find any difficulty while going through the login process after the Fyers account opening, you can connect with the local representative or connect with Fyers customer care.
Fyers Account Opening Charges
Understanding of Fyers account opening charges is a must. Before opening a demat account, you must know different kinds of fees that will be levied to you by Fyers.
Some charges are levied only once, and a few are liable to pay every year, such as the Annual Maintanece charges of AMC.
Fyers account opening can be done at the lowest cost of only Rs. 400, which is a one-time payment against your demat account.
Apart from this, every year, you will be required to pay Rs. 300 + GST as AMC in advance.
The given below table will give you a guide on the different charges required while undergoing Fyers account opening:
Fyers Account Opening Charges
Opening Demat account
Rs. 400 (one-time payment)
Annual Maintenance charges
Rs. 300 (per year) + GST
Opening Trading account
Besides these charges, you will be required to pay Fyers Transaction charges while buying or selling stocks, shares, bonds, debentures, or other securities.
Almost everyone is aware of this prominent discount broker in India, widely known for its cutting-edge technology, advanced trading platforms, and lowest brokerage charge.
If you wish to dive into the Fyers account opening, then it is important for you to know that there are two different methods of opening a demat account with them, namely online and offline.
The online method is quick, transparent, and highly secure. On the contrary, the offline method takes much more time and effort.
We have shared useful steps to proceed with both of these methods of Fyers account opening. Along with the same, we have shared different documents required for opening a demat account such as adhaar card, pan card, bank details like a statement, Form no. 16, canceled cheque, passport size photographs, etc.
Once you have opened an account, the next step will be to login into their trading platforms. The process of login is extremely easy and quick.
To trade at your fingertips, you can download their apps- Fyers and Fyers Market from your iOS or Andriod smartphones. Once you open the app, a login window will automatically display before you, where you only need to add your ID, password and PAN number, or Date of Birth.
A one-time fee of Rs. 400 will be charged from you for proceeding with Fyers account opening along with an Annual Maintenance Cost of Rs. 300 + taxes to keep your demat account safe, active, and secure.
We hope through this article, we have solved all your queries related to the Fyers account opening.
Wishing you a fortunate trading journey!
Thinking to open a Demat Account? Refer to the form below