Fyers

According to WikiFX assessment, Fyers presents fundamental safety concerns. The broker holds a total score of 1.52 out of 10, reflecting a high-risk profile. This low score is primarily driven by a complete absence of valid regulatory oversight from any major financial authority. Operating without such oversight means the broker is not bound by established investor protection measures, such as segregated client funds or compensation schemes, which significantly elevates the risk profile for traders.

No, Fyers is not regulated. The broker, Fyers Securities Pvt Ltd, holds no valid licenses from any recognized financial regulatory authority. WikiFX data confirms that the regulatory index for this entity is zero, and there are no active licenses listed under standard categories like Forex License. A lack of formal regulation means the broker operates outside the established frameworks designed to protect investor capital and ensure market integrity.

The minimum deposit required by Fyers is not explicitly listed in publicly available documentation. This information gap can make it difficult for potential clients to assess the initial capital requirement and compare it with other brokers. It is advisable to verify this directly with the broker's customer service and to ensure any terms related to deposits are clearly understood before proceeding.

Specific platform information, including support for MetaTrader 4 (MT4) or MetaTrader 5 (MT5), is not publicly detailed for Fyers. While WikiFX data indicates a software index score of 4.0, the exact trading platforms offered are not specified. Traders should confirm platform availability, compatibility, and features directly with the broker, as the trading platform is a critical component of the user experience and execution quality.