Open an account
- Account opening
- ₹0
- Demat AMC
- ₹0
Apply for IPOs
- Mainboard IPOs
- Yes
- SME IPOs
- Not stated
Sell your IPO shares
- Delivery brokerage
- ₹20 or 0.3%, lower
- DP charge on a sale
- ₹12.50 plus GST per scrip
- Cost to sell ₹15,000 of IPO shares
- ₹38.35Brokerage and DP with GST, ours
FYERS: strengths and things worth checking
Worth checking
- Brokerage on delivery
Up to ₹20 per order (₹15 on Prime).
- MTF on small amounts
16.49% a year on funding up to ₹1 lakh.
Strengths
- ₹0 AMC and account opening
No yearly maintenance charge.
- IPO applications free
₹0 brokerage on IPOs.
- Low DP charge
₹12.50 plus GST per sale.
Company and registration
| Company | FYERS Securities Private Limited |
|---|---|
| SEBI stockbroker registration | INZ000008524 |
| Depository participant | IN-DP-432-2019 |
| Website | fyers.in |
FYERS account opening and AMC charges
| Charge | As published by FYERS |
|---|---|
| Account opening | ₹0 |
| Demat maintenance (AMC) | ₹0 for trading and demat accounts |
FYERS brokerage charges
| Segment | Brokerage |
|---|---|
| Equity deliveryWhen you sell IPO shares | ₹20 or 0.3% per executed order, whichever is lower (Prime: ₹15 or 0.3%) |
| Equity intraday | ₹20 or 0.03% per executed order, whichever is lower (Prime: ₹15) |
| Futures | ₹20 or 0.03% per executed order, whichever is lower (Prime: ₹15) |
| Options | ₹20 per executed order (Prime: ₹15) |
| Mutual funds and IPOs | ₹0 brokerage |
Other FYERS charges
| Charge | As published by FYERS |
|---|---|
| DP charge on selling delivery sharesWhen you sell IPO shares | ₹12.50 plus GST per scrip (ISIN) |
| Call and trade | ₹50 plus GST per executed order |
| Admin square-off | ₹50 plus GST per executed order |
| Pledge for margin | ₹5 per request; unpledge ₹0; MTF pledge ₹12 |
| Margin trading (MTF) interest | 16.49% a year up to ₹1 lakh, falling to 12.49% from ₹25 lakh to ₹50 lakh |
Sources: FYERS pricing, FYERS support: IPO applications, FYERS charges list, read on 23 Oct 2026. GST at 18% applies on brokerage and most charges unless stated. Charges change; check FYERS's page before you open an account.
Government and exchange charges
These are set by the government, SEBI and the exchanges, and are the same at every broker.
| Charge | Equity delivery | Equity intraday |
|---|---|---|
| Securities transaction tax (STT) | 0.1% on buy and sell | 0.025% on sell |
| Exchange transaction charge | NSE 0.00307%, BSE 0.00375% | NSE 0.00307%, BSE 0.00375% |
| SEBI fee | ₹10 per crore | ₹10 per crore |
| Stamp duty (buy side) | 0.015% | 0.003% |
| GST | 18% on brokerage, exchange and SEBI charges | 18% on brokerage, exchange and SEBI charges |
Government and exchange rates as listed on the Zerodha and Indiabulls Securities charges pages, read on 23 Oct 2026.
What it costs to sell your IPO shares on FYERS
Applying for an IPO carries no brokerage. Costs come when you sell. For IPO shares worth ₹15,000 sold from your demat account (our calculation):
| FYERS brokerage | ₹20.00 |
| GST on brokerage | ₹3.60 |
| DP charge with GST | ₹14.75 |
| Charged by FYERS | ₹38.35 |
|---|---|
| STT (0.1%) | ₹15.00 |
| Exchange and SEBI charges | ₹0.48 |
| All charges on the sale | ₹53.92 |
FYERS brokerage calculator
Enter a trade to see every charge. The example is one SME lot of 800 shares bought at ₹179 and sold at ₹190.
| Charge | FYERS |
|---|
Our calculation from each broker's published charges and the government and exchange rates above (NSE). For delivery, the DP charge is added once on the sale. Where a broker does not publish a charge, it shows as not published.
Applying for IPOs on FYERS
| Mainboard IPOs | Yes, on the FYERS web and mobile platforms, with ₹0 brokerage |
|---|---|
| SME IPOs | The help page lists applications by type (mainboard or SME) in the IPO section |
How to apply for an IPO on FYERS
- Find the IPO. Open the IPO section of the FYERS app or website while bidding is open, and pick the IPO.
- Enter your bid. Enter the number of lots and either tick cut-off price or enter a price within the band. SME IPOs need a price; cut-off is not allowed.
- Approve the UPI mandate. Approve the mandate in your UPI app before 5 pm on the closing day. The money is blocked, not debited, until allotment.
- Check allotment and sell if you choose. Allotted shares reach your FYERS demat account the next working day. You can sell from the listing day.
Any demat account also lets you apply through ASBA in your bank's net banking. See the IPOs open this week.
How to open a FYERS account
- Keep your documents ready. PAN, Aadhaar linked to your mobile number, a bank account with a cancelled cheque or statement, and your signature on white paper.
- Start on fyers.in. Sign up on the FYERS website or app with your mobile number and email, and verify the OTPs.
- Complete KYC online. Enter your PAN and Aadhaar details, link your bank account, and upload a photo and signature. Most brokers also do in-person verification by video or selfie.
- E-sign the form. Sign the account opening form with an Aadhaar OTP. The account is usually active within one or two working days.
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Frequently asked questions
What are the FYERS account opening charges?
₹0. Demat AMC: ₹0 for trading and demat accounts.
What is the FYERS brokerage on delivery?
₹20 or 0.3% per executed order, whichever is lower (Prime: ₹15 or 0.3%). Intraday: ₹20 or 0.03% per executed order, whichever is lower (Prime: ₹15).
What is the FYERS DP charge?
₹12.50 plus GST per scrip (ISIN). The DP charge is collected each time you sell shares from your demat account, including IPO shares.
Can I apply for SME IPOs on FYERS?
FYERS's own pages we checked do not say whether SME IPOs can be applied for. Ask FYERS before the IPO opens.
How do I apply for an IPO on FYERS?
Open the IPO section of the FYERS app, pick the IPO, enter the lots and price (or cut-off for mainboard IPOs), and approve the UPI mandate before 5 pm on the closing day.
What does it cost to sell IPO shares on FYERS?
Selling ₹15,000 of IPO shares costs ₹38.35 in FYERS brokerage and DP charge with GST, and ₹53.92 in all after STT, exchange and SEBI charges (our calculation).
Is FYERS registered with SEBI?
Yes. FYERS Securities Private Limited is registered with SEBI as a stockbroker, INZ000008524, and as a depository participant, IN-DP-432-2019. You can confirm it on the SEBI website.
What is the FYERS margin trading (MTF) interest rate?
16.49% a year up to ₹1 lakh, falling to 12.49% from ₹25 lakh to ₹50 lakh.
Is FYERS good for IPO investors?
It depends on how you invest. Compare the yearly AMC, the cost to sell IPO shares and SME IPO access below with other brokers. We list facts from FYERS's own website and do not rate or rank brokers.