Founded in 2015, Fyers Securities is an online discount broker based in Bangalore. Fyers provides cash, F&O and foreign exchange derivatives business in NSE. FYERS is an acronym for Focus Your Energy and Change Yourself and represents the company’s core values.

The company was founded by young entrepreneurs who believe in creating the best trading platform, transparency and lowest transaction costs in India.

Fyers is a low-level stockbroker in India. They are one of the cheapest stockbrokers on the Internet. Fyers’ simple pricing model provides transactions in all market segments with the same uniform brokerage fee, up to 20 rupees per executed order. Fyers charges up to 20 rupees for each completed order. Fyer does not charge any brokerage commissions for the Equity delivery of shares.

Fyers offers its customers an in-house web trading platform, an installable desktop trading terminal and a mobile trading app free of charge.

Thematic investment in FYERS 

Thematic investment is “investing in an idea” rather than a selection of individual stocks. Fyers provides hundreds of predefined themes from which customers can choose to invest in the stock market. Each topic has a series of actions related to an idea.

The closest comparison to investment is the exchange-traded fund (ETF). Thematic investing provides greater flexibility than ETFs, because the company that invests in a specific theme is determined by a broker, fund manager, or even a group of people in the community.

How does thematic investment work? 

• If I want to invest in any industry, the broker provides many topics as ideas.
• The broker defines a list of companies suitable for the subject. Each topic contains a series of actions. 
• Investors choose a theme and invest. 
• The broker invests funds in individual stocks that are part of the theme specified in the theme offer.

Example:

Subject: Muthoot Group of Companies 

Shares on this subject: 

Muthoot Finance Limited-50% 

Muthoot Cap Serv Ltd-50% 

When a client invests in this subject, the funds will be invested in 2 shares of 50% each. 

The themed investment platform is a unique product of Fyers. Main features: 

• Fyers customers can use the theme for free. The client pays the broker only at the normal price.
• You can buy and sell themes with one click. Investors can also buy and sell by changing the theme and its components. 
• More than 100 themes are available. 
• There are less than 20 actions per topic. 
• Covered more than 1,500 stocks. 

Advantages of Fyers 

The following are the benefits of Fyers. Before opening a Fyers account, you should be familiar with the pros and cons of Fyers. The pros and cons of Fyers will help you determine whether it is suitable for your investment needs.

• Free online account opening.
• No hidden charges. Very obvious fees/charges.
• In-house built buying and selling platforms gives the flexibility to quickly put in force new features/services.
• Single margin account. 
• Refer your buddies and earn 20% of the sales generated via the means of your buddies, for life!
• Thematic investment (a unique provision via the means of Fyers) lets clients spend money on a set of stocks. 
• Demat account without a POA.

Disadvantages of Fyers

The following are the disadvantages of Fyers. Check out Fyers’ list of weaknesses. 

• Commissions for stock exchange transactions are higher than other discount brokers.