FYERS, a stock broking platform, launches NRI Demat Account

By Leandra Monteiro

FYERS, one of India’s fastest-growing trading and investing platforms, launches Demat Account for NRIs. FYERS is determined to expand its reach worldwide and enable international customers to trade and invest in India.

The launch of the FYERS Demat Account will enable NRIs to seamlessly trade and invest in equities, mutual funds, ETFs, Futures, and Options. It is a cost-effective platform with zero account opening and annual maintenance charges. Interestingly, one can get a single account access to trade and invest simultaneously, along with value-added features like access to research reports, economic calendar, fundamental and technical analysis. NRIs can open a portfolio investment scheme (PIS) account by approaching any one of FYERS’ banking partners.

Speaking on the launch, Tejas Khoday, CEO and Co-founder, FYERS said, “Our mission is to empower new-age traders and investors with the best-in-class technology and platforms. Launching NRI Demat Account is a step towards our commitment to make investing and trading seamless and effortless for all our users internationally. Indian capital markets have been on a bull run over the last few years. Our NRI Demat Account is the most seamless way for NRIs to participate in the India growth story. 60% of our customers are below the age of 35, which shows that millennials and young investors are making beeline for capital markets both for the purpose of income generation & wealth creation. We expect to see a similar trend when it comes to NRIs as well.”

Currently, with 3,00,000+ customers, it has shown tremendous growth and widened its customer base extensively year-on-year.