Broker profile

Fyers Review (2026): Brokerage, Platforms, API & Execution - The Published Facts

Q: What brokerage does Fyers charge?

Per its official pricing at our last review: delivery ₹0 (free); intraday ₹20 or 0.03% per order (whichever is lower); F&O ₹20 per order (flat). Statutory charges apply on top. Verify the current schedule on the official pricing page, as rates change without notice.

Q: Does Fyers offer a trading API?

Yes - Fyers API. Published pricing: Free (per official API page). See the official documentation for rate limits and terms.

Q: How fast is Fyers's order execution?

The published figure is p99 < 7 ms (processing, self-reported), self-reported by the broker on its own blog. It is approximate, not independently audited, and varies with device, network and market conditions.

Q: Who is Fyers best suited for?

Chart-driven and algorithmic traders who live in TradingView.

Fyers is a Bengaluru-based discount broker popular with technical and algorithmic traders. Its platforms are built around TradingView charting, its API is free, and equity delivery carries no brokerage - a combination that shows up repeatedly in third-party "best for traders" lists. Fyers reports p99 order-processing latency of 4-5 ms on its app/web and 5-7 ms via API - about 7 ms of the roughly 65 ms a trader typically experiences, with the remainder being network travel - and says a CISA-certified independent firm audited the figure against real customer orders in December 2025. Because it measures the broker’s internal processing rather than a full round-trip, it is not directly comparable to the AlgoTest medians.

By the Indian Broker Test editorial desk · Published 8 July 2026 · Data last reviewed 9 July 2026 · Independent

At a glance

Fyers brokerage calculator · Compare Fyers with other brokers

Type: Discount broker
Official website: https://fyers.in
Delivery brokerage: ₹0 (free)
Intraday brokerage: ₹20 or 0.03% per order (whichever is lower)
F&O brokerage: ₹20 per order (flat)
Account opening: Free (₹0 account opening)
AMC: ₹0 (zero AMC)
Platforms: Fyers app, Fyers Web, TradingView charts
Trading API: Fyers API - Free (per official API page) (docs)
Products: Equity, F&O, Currency, Commodity, ETFs, IPO
Exchanges: NSE, BSE, MCX
Algo support: Yes - free API; TradingView-based platform
Reported execution speed: p99 < 7 ms (processing, self-reported)self-reported
Margin: Intraday leverage per SEBI peak-margin rules
Research: Screeners and thematic baskets; no advisory

Strengths (published)

Free delivery and free API
TradingView-powered charting across platforms
Free API with historical data and multi-segment access
Reports low order-processing latency (p99 4-7 ms) and says it commissioned a CISA-certified independent audit of the figure in December 2025

Limitations

Smaller active-client base than the top five brokers
Fewer physical touchpoints
Headline figure is the broker’s internal processing time (≈ 7 ms of a ≈ 65 ms typical round-trip), not a full client-to-exchange latency

Who is it best for?

Chart-driven and algorithmic traders who live in TradingView.

This profile is compiled only from the sources listed below. Fields marked Not Disclosed mean no verifiable published figure existed at review time - we never estimate or infer. This is information, not investment advice, and this site has no relationship with Fyers.

Frequently asked questions

What brokerage does Fyers charge?

Per its official pricing at our last review: delivery ₹0 (free); intraday ₹20 or 0.03% per order (whichever is lower); F&O ₹20 per order (flat). Statutory charges apply on top. Verify the current schedule on the official pricing page, as rates change without notice.

Does Fyers offer a trading API?

Yes - Fyers API. Published pricing: Free (per official API page). See the official documentation for rate limits and terms.

How fast is Fyers's order execution?

The published figure is p99 < 7 ms (processing, self-reported), self-reported by the broker on its own blog. It is approximate, not independently audited, and varies with device, network and market conditions.

Who is Fyers best suited for?

Chart-driven and algorithmic traders who live in TradingView.

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Sources

Fyers - official website - https://fyers.in
Fyers - official pricing page - https://fyers.in/pricing/
Fyers - official API page - https://myapi.fyers.in
Fyers - official blog - https://fyers.in/community/blogs-gdppin8d/post/the-hidden-cost-of-milliseconds-how-we-optimised-your-order-execution-gmWa5Hnr1rhb6tw (Self-reported by Fyers, which states p99 order-processing latency of 4–5 ms on its app/web and 5–7 ms via API (about 7 ms of the ≈ 65 ms a trader typically sees; the rest is network travel). Fyers says a CISA-certified independent firm audited its order processing against real customer orders in December 2025 (load test: 1.2 ms average, p95 < 7 ms, p99 < 13 ms). This measures the broker’s internal processing rather than a full round-trip and is not directly comparable to the AlgoTest medians.)