Fyers is a favorite among tech-focused traders who care about speed, charts, and clean execution. But pricing matters just as much as features.
Like every broker, your actual cost = brokerage + DP charges + taxes + occasional service fees.
Here’s a complete breakdown:
What is Fyers?
Fyers is a discount broker built for traders, offering:
- Advanced charting tools
- Fast order execution
- Zero-cost investing options
It stands out because of zero AMC + low DP charges + clean pricing.
1. Account Opening & AMC Charges
Fyers follows a zero fixed-cost model.
Account Opening:
- ₹0 (Free)
Annual Maintenance Charges (AMC):
- ₹0 (Lifetime Free)
Key Insight:
- No AMC ever
- No platform subscription charges
👉 This makes Fyers very attractive for both investors and traders.
2. Fyers Brokerage Charges (Segment-wise)
Fyers uses a flat + percentage hybrid model, similar to Zerodha and Dhan.
Brokerage Structure
| Segment | Brokerage |
| Equity Delivery | ₹0 |
| Equity Intraday | Lower of ₹20 or 0.03% |
| Futures | Lower of ₹20 or 0.03% |
| Options | ₹20 per order |
| Mutual Funds | ₹0 |
| IPO / ETFs | ₹0 |
Important Notes:
- Delivery investing → completely free
- Intraday/Futures → capped at ₹20
- Options → flat ₹20
Minimum Brokerage Logic:
- For very small trades → capped at 03% of trade value
👉 Ensures charges don’t exceed micro trade profitability
Key Insight (Very Important)
Fyers is ideal when:
- You want advanced charts + low cost
- You trade intraday or F&O regularly
- You want zero AMC + free delivery investing
3. Depository Participant (DP) Charges
DP charges apply when you sell delivery shares.
Standard DP Charges:
- ₹12.50 + GST per stock (per scrip per day)
Why This Matters:
- Lower than many brokers (₹15–₹20 range)
- Helps reduce cost for frequent sellers
Important Points:
- Charged only on sell side
- Not applicable for intraday/F&O
- Per stock, not per quantity
👉 Selling 1 or 100 shares = same DP charge
4. Statutory Taxes & Regulatory Charges (2026 Update)
These are fixed across all brokers.
(A) STT – Securities Transaction Tax
| Segment | STT |
| Equity Delivery | 0.1% (Buy & Sell) |
| Intraday | 0.025% (Sell only) |
| Futures | 0.05% (Sell only) |
| Options | 0.15% (On premium) |
👉 2026 Update:
 Higher STT in F&O → trading cost increased
(B) Exchange Transaction Charges
- Equity: ~0.00297%
- Futures: ~0.00173%
- Options: ~0.03503%
(C) GST
- 18% on:
- Brokerage
- DP charges
- Transaction charges
(D) SEBI Charges
- ₹10 per crore turnover (0.0001%)
(E) Stamp Duty
| Segment | Stamp Duty |
| Delivery | 0.015% (Buy only) |
| Intraday | 0.003% |
| Futures | 0.002% |
| Options | 0.003% |
5. Other Service Charges
These apply in specific cases.
- Call & Trade: ₹50 + GST per order
- Auto Square-off: ₹20 + GST
- Pledge/Unpledge: ₹12.50 + GST per ISIN
- Physical Statement: ₹50 + courier
- Demat/Remat: ₹150 + courier
- Payment Gateway:
- UPI/IMPS → Free
- Net banking → ~₹10 + GST
6. Real Cost Example
Let’s take a delivery trade:
- Buy ₹1,00,000 stock
- Sell later
Charges:
- Brokerage → ₹0
- DP charge → ₹12.50
- STT → 0.1% buy + sell
- GST & others → small
👉 Total ≈ ₹50–₹120 (very low overall cost)
7. Summary Table
| Feature | Charge |
| Account Opening | Free |
| AMC | Free |
| Delivery Brokerage | ₹0 |
| Intraday/Futures | Max ₹20 |
| Options | ₹20 |
| DP Charges | ₹12.50 + GST |
| GST | 18% |
Pros of Fyers Charges
- Zero AMC (lifetime free)
- Free delivery investing
- Low DP charges
- Advanced charting tools included
- Clean and transparent pricing
Cons (Reality Check)
- No research/advisory like full-service brokers
- ₹20 still applies for active trading
- Beginner support is limited compared to Groww
Final Verdict
Fyers is one of the best platforms for serious traders in 2026.
- Long-term investors → excellent (₹0 cost structure)
- Traders → strong (fast + low cost)
- Chart-focused users → top choice
If your focus is performance + low cost + advanced tools, Fyers is easily among the top-tier brokers right now.