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Abstract:Discover FYERS trading account options, their features, minimum deposit, and supported services. Explore trading accounts tailored for individuals, corporates, and minors.
FYERS offers a unified trading account structure, supported by NSE, BSE, and MCX exchanges. While it doesn't segment accounts into typical “standard” or “pro” types, it provides distinct access for retail individuals, corporate entities, and minors. All accounts include access to equity, derivatives, mutual funds, bonds, and IPOs via advanced web, app, and API platforms.
The core differences between FYERS accounts lie in user classification and supported features. Here's a detailed comparison:
Account Type | Target Users | Key Features | Minimum Deposit | Notes |
Individual | Retail traders/investors | Trade equity, F&O, commodities, mutual funds, IPOs | ₹0 | Online onboarding, KYC required |
Corporate | LLPs, Pvt Ltd, Trusts | Multi-user access, API trading, pledge system, GST-compliant | Custom | Offline support required; enhanced compliance checks |
Minor | Under-18 individuals | Guardian-controlled account, gifting shares, no buy trades | ₹0 | Transitions to individual account at 18 |
All accounts support UPI/bank funding, portfolio tracking, and reporting via “My Account”.
Q1: Can I open a trading account online with FYERS?
Yes, FYERS offers fully digital onboarding for individual accounts. Corporate and minor accounts require additional documentation.
Q2: Is there a minimum deposit to open a FYERS account?
No, individual accounts can be opened with ₹0 deposit. You fund only when ready to trade.
Q3: Are corporate accounts charged higher fees?
No, FYERS charges flat ₹20 per trade for all accounts unless customized under institutional terms.
Q4: Does FYERS support joint accounts?
FYERS currently only supports individual, minor, and institutional/enterprise accounts.
Q5: Can I convert my minor account to an adult account later?
Yes. Upon turning 18, the minor account must undergo KYC to convert into a regular account.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.