Account Opening and Maintenance Fees
Fyers does not charge any fees for opening a trading account. However, there may be nominal maintenance fees depending on the specific account type and the services utilized.
Equity Trading Charges
When trading equities, Fyers applies a brokerage fee based on the transaction volume. Typically, the charges are competitive, and discounts may be available for high-frequency traders.
Forex Trading Fees
Forex trading with Fyers entails spreads and potential rollover fees. It is important to understand the spread costs as well as any additional charges for maintaining positions overnight.
CFD Trading Charges
For Contracts for Difference (CFDs), Fyers charges are based on the spread and may include financing costs for leveraged positions. Traders should be aware of all associated fees before engaging in CFD trading.
Additional Costs
Other possible charges include withdrawal fees, inactivity fees for dormant accounts, and fees for accessing premium trading tools and advanced analytics.
Conclusion
Understanding Fyers' fee structure is crucial for effective trading strategies. Always review the latest charges on Fyers' official platform to stay informed about any updates or changes.
