Fyers broker Accounts

Fyers Account Type

　　Fyers offers a variety of account types for traders in the Indian stock market, primarily focusing on discount brokerage services. The main types of accounts available are:

　　Trading Account: This account allows you to trade in various segments including equity delivery, intraday trading, equity futures, equity options, currency futures, and currency options. Fyers provides advanced trading platforms such as Fyers One (desktop app) and Fyers Markets (mobile app) that facilitate seamless transactions in the Indian stock market.
　　Demat Account: A demat account is essential for holding securities in electronic form, eliminating the need for physical certificates. It is linked to your trading account and is required for the delivery of shares. Opening a demat account involves signing a demat form and a power of attorney, which allows Fyers to manage your account as per your instructions.
　　Commodity Account: This account type is specifically for trading commodities across various markets, such as MCX.
　　Thematic Investment Account: Fyers also offers thematic investing, which allows clients to invest in curated portfolios based on specific themes or sectors, providing an alternative to traditional mutual funds.

Fyers Broker Account Opening Process

　　Opening an account with Fyers is a straightforward and paperless process. Heres a step-by-step guide on how to open a trading and demat account:

　　Visit the Fyers Website: Go to the official Fyers website and click on the "Open an Account" button.
　　Enter Your Details: Fill in your name, email address, and mobile number, then click on "Generate OTP." An OTP will be sent to your mobile for verification.
　　Upload Documents: You will need to upload scanned copies of essential documents, including:

PAN Card
Aadhaar Card (for address proof)
Bank statement or cancelled cheque (for bank details)
Income proof (if trading in derivatives)

　　In-Person Verification (IPV): If you are in Bangalore, you can visit the Fyers office for IPV. For others, this can be done via a web camera.
　　E-signing: Complete the e-signing process using your Aadhaar number, which requires entering an OTP sent to your registered mobile number.
　　Confirmation: Once all steps are completed, your application will be reviewed, and you will receive a welcome email with your account details within 24 hours.

　　Account Opening Charges: