Fyers

Written by How we review

Fyers forex broker offers access to currency markets, stocks, and derivatives in India through intuitive web and mobile platforms, with charting, order types, and straightforward account management for self-directed traders.
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Key facts

8.5/10
Our rating
#38
Trust rank
2015
Founded
5
Licences
1
Countries accepted
HeadquartersIndia
Broker typeDMA
RegulationSEBI
PlatformsProprietary, TradingView
InstrumentsCommodities, Forex
Fee levelLow

Updated

Pros

  • • SEBI-regulated, exchange-traded currency F&O access (NSE/BSE)
  • • Flat Rs 20 per executed order brokerage for currency derivatives
  • • TradingView-integrated platforms with advanced charting and order execution
  • • API trading (REST/WebSocket) for algorithmic strategies
  • • Cross-platform apps (Web/Mobile/Desktop) with real-time market data

    • Cons

  • • No spot/CFD forex
  • • Limited currency pairs and Indian market hours
  • • Restricted leverage
  • • No MT4/MT5 support
  • • No global forex regulatory licenses

    • Key Features

  • • SEBI regulated exchange traded currency derivatives
  • • Currency futures and options trading
  • • TradingView powered web platform with advanced charting
  • • API trading and algorithmic integration
  • • Multi platform access web desktop mobile
  • • Two factor authentication and client funds segregation

    • Similar Brokers

    Where This Broker Ranks

    Fyers is not in the top 10 for any country or territory we rank yet. Each list shows the ten highest-rated brokers that accept clients there. How we rate brokers · All rankings by country

    How we review: We rate brokers on regulation, safety of client funds, trading costs, platforms and tools, execution, and reputation, using independent research and hands-on platform testing where possible. Partners cannot buy higher scores. This content is informational only, not investment advice.

    See our Methodology and Risk Disclosure for full details.

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    We will review issues related to the information shown on BrokerCatalogue (fees, features, data, wording). For account, deposit, or withdrawal problems, please contact the broker directly. We cannot access your funds or fix platform-side issues.

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    Frequently Asked Questions

    Fyers lets you trade exchange-traded currency derivatives in India. You place orders in permitted currency pairs as futures or options. It does not offer over-the-counter spot forex or contracts for difference. You use a trading account with the currency segment enabled, and orders settle under local market rules. You control order types, position sizing, and risk. Review product notes, margin policies, and settlement mechanics before you start so you understand how pricing, fills, and charges work for currency products on this platform.

    You sign up online, complete electronic KYC, and request activation for the currency segment. You link a domestic bank account to move funds. After approval, add money via accepted transfer methods and check your available balance in the platform. You can then place currency derivative orders during market hours. You may need identity and address proofs, and processing times can vary. Review the broker's funding, withdrawal, and cut-off policies so you know timings, limits, and any applicable charges.

    You can trade currencies on Fyers via web, mobile, and API-based platforms. Core features include watchlists, charts, depth, and risk checks. Common order types like market, limit, and stop are available, along with options to set alerts and view margin impact before sending an order. You can track positions and P&L live and download reports for reconciliation. Features may change and some tools may require activation, so review platform guides and test your workflow with care.

    Costs can include brokerage, exchange and clearing fees, regulatory charges, and applicable duties. Platform or API usage fees may apply if you use advanced features. Funding, withdrawal, and call-and-trade services can also carry charges. Market-driven costs such as spreads and slippage affect your total result. Review the broker's rate card, policies, and contract notes to understand how each fee applies to your orders. Fee schedules can change, so check the latest before you place trades.

    Currency derivatives involve significant risk. Prices can move fast and gaps can occur. Leverage can amplify both gains and losses, and you may face square-offs if margin is insufficient. Liquidity varies by contract and time of day, and slippage or order rejections can happen. Technology or connectivity issues are possible. Read the risk disclosure, learn how settlement and mark-to-market work, and use only funds you can afford to have at risk. This information is general and not advice.

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