FYERS

[Creep]

Hello Creep, our transaction charges are ₹240 per crore (12.5% more than Zerodha, theirs is ₹210) in futures & ₹5900 per crore (11.3% more than Zerodha, theirs is ₹5300). By the way, these charges are levied by the clearing member and not us. We don't make any income out of it and don't have any internal arrangement with the clearing member for kickbacks. If you look at other brokers, their transaction charges are way higher than ours.

With higher volumes, it is certainly going to reduce in the future.

Clearing fees is Rs 20 and Rs 200 with Zerodha, Rs 20 and Rs 500 with Upstox. With you it will be Rs 50 and Rs 900 . So between 2 to 3 times. Why is DP charges so much higher? 25 is definitely the highest among all discount brokers isn't it? Check out TPs excel sheet. Also when will BSE and MCX start?

 

[Tejas Khoday]

Clearing fees is Rs 20 and Rs 200 with Zerodha, Rs 20 and Rs 500 with Upstox. With you it will be Rs 50 and Rs 900 . So between 2 to 3 times. Why is DP charges so much higher? 25 is definitely the highest among all discount brokers isn't it? Check out TPs excel sheet. Also when will BSE and MCX start?

DP charges and Turnover charges are levied by IL&FS. Yes it's higher but it will reduce. We already reduced brokerage as you must know. MCX and BSE can be expected by year end. We're positive on that.

 

[cloudTrader]

There is some basic level custom search available in Trend Scanner as of now. You can't code as yet.

No Issues... FyersOne is very interesting so curiosity arose about customisation.

 

[headstrong007]

With higher volumes, it is certainly going to reduce in the future.

Thanks.
As far as I remember Zerodha transaction charges in NSE F&O was around Rs 440/Cr in earlier days. They reduced that charges to current 210 slowly as volumes are increased.

 

[Tejas Khoday]

Thanks.
As far as I remember Zerodha transaction charges in NSE F&O was around Rs 440/Cr in earlier days. They reduced that charges to current 210 slowly as volumes are increased.

Was just going through the thread "Discount Broker Comparison" as suggested by @timepass. The turnover charges were ridiculously high across brokers. Hidden charges galore! We don't believe in doing that.

 

[Tejas Khoday]

No Issues... FyersOne is very interesting so curiosity arose about customisation.

Thanks, but you can tell me what sort of scanners you would find useful in the course of this thread. I'd love to make it happen. Going forward, we'll try to incorporate a lot of features on Fyers Web.

 

[headstrong007]

Leonoid is probably talking of 3 day, 5 day high low (break out scanners where we can set custom day like custom time frame).
Just like fyersone have yesterday day high low lines, we are using similar 3-day and 5-day break out lines with many charting platforms. These lines are also powerful than yesterday high low lines.

 

[Tejas Khoday]

Leonoid is probably talking of 3 day, 5 day high low (break out scanners where we can set custom day like custom time frame).
Just like fyersone have yesterday day high low lines, we are using similar 3-day and 5-day break out lines with many charting platforms. These lines are also powerful than yesterday high low lines.

Hmmm.. got it.

 

[headstrong007]

@Tejas Khoda,
have you got the link and ideas like
Live intraday NSE Advance and decline interactive ratio chart which is very useful for traders and some more useful fundamental/economic analysis charts?
Just check your pm (click top inbox to see the links).

 

[headstrong007]

@Tejas Khoda
Here is the sample charts (more details inside your inbox):-
Basic

And the interactive chart:-

Many traders monitor above charts live. Even the basic chart like top can serve the purpose.