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YIYE broker Accounts

Fyers Account Type

Fyers offers several types of accounts tailored to different trading needs, including:

  • Demat Account: This account is used to hold securities in electronic form. It is essential for trading in stocks, as it allows for the seamless transfer of shares without physical certificates.

  • Trading Account: This account is necessary for executing buy and sell orders in the stock market. Fyers provides a flat brokerage fee of ₹20 per executed order for intraday and derivatives trading, while equity delivery trading is free.

  • 3-in-1 Account: This account combines a trading account, demat account, and bank account, allowing for easy fund transfers and seamless trading.

  • Margin Account: Fyers also offers margin trading, enabling traders to borrow funds to increase their purchasing power. This account type can amplify both potential returns and risks.

  • Fyers Broker Account Opening Process

    Opening an account with Fyers is a straightforward process that can be completed online. Heres a step-by-step guide:

    • Visit Fyers Website: Go to the official Fyers website and click on the "Open an Account" option.

    • Mobile Verification: Enter your mobile number and email address, then verify through OTPs sent to both.

    • Identity Details: Provide your PAN number and date of birth for verification.

    • Bank Account Linking: Link your bank account using UPI or IFSC code for fund transfers.

    • Personal Information: Fill in your personal details, including occupation, annual income, and trading experience.

    • Nomination Details: Add nominee information if desired.

    • Selfie and Signature: Upload a live selfie and your signature.

    • E-sign Process: Review all details and proceed to e-sign with Aadhaar OTP verification.

    • Completion: Your application will be processed, and you will receive your account login details via email.

    • Account Activation: Typically, the account is activated within 24-48 hours after successful submission of documents.

    • For more details, you can visit the official Fyers website: Fyers Account Opening

YIYE accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
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