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FYERS

FYERS

FYERS is an Indian financial technology stockbroking firm which offers zero brokerage for equity transaction in certain circumstances.

FYERS is a discount broker that aims to reduce the cost barriers for equity investors. When the long term capital gains (LTCG) tax of 10% on equities was introduced in the Union budget of India 2018 the company reduced its brokerage fee to zero for thematic investments. It charges ₹20/- otherwise per executed order.



Through FYERS, customers can trade or invest in equity, equity derivatives, currency derivatives and mutual funds. It is a member of the National Stock Exchange of India, BSE Brokers Forum and Association of Mutual Funds of India (AMFI).

Products

FYERS Web

FRYERS Web is a web-based brokerage and trading service. This includes portfolio tracking, auto-screened option strategies and live data feed.

FYERS One

FYERS One is their downloadable trading terminal, through which users gain more charting options over their web-based trader, technical screeners, derivative information, more data and knowledge based tools in a flexible workspace. 

FYERS Markets

FYERs mobile app tool gives users many of the same tools as the web-based service but from their smart phone.

FYERS Thematic Investment

FYERS thematic investing platform allows its customers to create a theme-based investment strategy without actually looking at specific stocks. Their themes can be customized based on the users’ risk preferences. It offers over 100 unique investment portfolios and three investment profiles of users.

School of Stocks

FYERS School of Stocks is a free educational platform to help users and non-users understand trading, investments and the concepts involved in both to increase financial literacy. They launched their School of Stocks in 2019.

Multi Commodity Exchange (MCX)

Launched in September 2018, FYERS offers MCX trading on their platform. They were the only stock broker firm in India to offer MCX trading at the time of its launch. It allowed clients to trade indices, stocks, ETFs, equity derivatives, currency derivatives and commodities.

Timeline

People

Name
Role
LinkedIn

Chandrakiran Bogadi

Partner and Operations



Gopal Kavalireddi

Research



Shreyas Khoday

Co-Founder and Strategy



Tejas Khoday

Co-Founder and CEO



Trinadh Kumar

Partner, Compliance and Risk



Yashas Khoday

Co-Founder and Technology



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