Fyers API Algo Review

Fyers is an entrepreneurial broker from Bangalore known for tech products. We provide you a summary to help you decide trading with Fyers.

Fyers Overall Highlights

  • Discount broker with great customer service.
  • First broker in India to provide TradingView charts. Also the cleanest charts using in-house clean database.
  • Provides better platforms than most other discount brokers. Fyers One desktop app is good for analysis. Fyers Web is easy for trading. New Fyers mobile app has very sleek design. Fyers APIBridge is well documented in Fyers KnowledgeBase..
  • Defensive in providing leverage and also has good backend RMS. It makes them a safe broker.
  • Also Fyers maintains a telegram support group for API and APIBridge.

Fyers API Algo Trading Highlights

API Sessions are not bound to new mobile app. Which means you can see/manage trades in new mobile app which are placed using Fyers API. Each client needs to separately generate and approve API Key/Secret for APIBridge.

Fyers API Features

FeatureDetails
API NameFyers API
API TypeIn-house
CostFree
Auto Order CancellationYES
MaxProfit/MaxLossYES
SLL, SLM OrdersYES
COYES
BOYES
Trail SL in BONO
MCX FuturesYES
NSE CurrencyYES
NSE Weekly OptionsYES

Fyers API Rating

Very High = Ranks among top 10% comparative to other Brokers; High = Ranks in top one-third among other Brokers; Average = Ranks in mid-way among other brokers; Poor = Ranks in bottom one-third among other brokers.

FeatureRating
Session StabilityAverage
Order Placement StabilityVery high
Order Status StabilityAverage
BO StabilityHigh
CO StabilityHigh
MTM/PnL StabilityAverage
Order Cancellation StabilityAverage
Get Net PositionsHigh
API Response SpeedHigh

Account Opening: Click here to open account. Note that Algoji does not take any brokerage commissions from Fyers. See here more on Algoji principles.

Fyers APIBridge link https://fyers.in/fyers-api-bridge

Last update: July 26, 2020. Join our Telegram channel for all updates https://t.me/algoji