Any feedback on them?

Anyone got any feedback on their services and plateform.

Look interesting in screenshots. But haven't seen any ad/promotion of them on web or any one talking about them here, may be they have been just hatched

Anyways just searching for good trading platform in India and bumped into this.
What do you guys think.
*CEO is EX-Zerodha

Https://www.fyers.in

They have overall good reviews and their platform is known to be stable. Their knowledgebase and articles are intelligently and informatively written.

However, they insist that you have a demat a/c with IL&FS (i.e., you can't open just a trading a/c -- see screenshot from their FAQs below). For me, that's kind of a dealbreaker.

From the initial assessment, seems to be 'just another broker' Website creates the first impression, so was surprised as I could not see even the vertical screen down button, so to read details below the screen, had to highlight the entire page text to read further details on the page!!!

They say 'save brokerage' May be true compared to full service brokers stealing from customers. But compared to other discount brokers it seems higher. E.g Their charges for futures is 0.01% or 100 per order (whichever is lower) and for options 10 per lot or 100 per order (whichever is lower) This is about 500% higher if one is trading 10 lots of options as compared to RKSV.

However, I guess more brokers and more competition, is better for traders. In that respect atleast, brokers will be competing for customers!!!

however charting/trading platform is still in beta means charting data is 5 years for eod and 3 days ONLY for ieod

and NO OMS( order management system) from charts like "pi"..

brokerage is very high compared any discount broker (100rs/order)..

i think NO BO/CO for trading..


PRESENT CONDITION NO MORE ADV...compared to other discount

if they implemented OMS IN charting & reduce their broking charges will be consider..

Happy trading..:thumb: