Fyers regulation & licences
Licences on record 1
2 Tier 2 — strong regulation
Licences are matched from public sources and regulator registers, and entities change over time. A licence held by one company in a group does not cover clients of another. Always confirm on the official register.
Regulatory profile
Fyers is an exchange-traded currency broker founded in 2015 and headquartered in India.
In our database Fyers is matched to 1 licence from SEBI. Its strongest licence comes from the SEBI, which we rate tier 2: credible supervision, but with fewer safeguards than the very strictest regulators.
Depending on the entity, eligible clients may be covered by Exchange Investor Protection Funds (SEBI).
Fyers supports its own proprietary platform and TradingView. The advertised minimum deposit starts at zero (no minimum) — minimums often vary by account type and entity.
Because Fyers offers exchange-traded currency derivatives rather than OTC forex, your trades are cleared through a recognised exchange clearing house, prices are transparent and there is no broker counterparty on the other side of your trade.
Regulatory strengths
- Holds tier-2 licence (SEBI)
- Compensation scheme available at SEBI entity
- Exchange-traded and centrally cleared — no broker counterparty
Points to check
- No specific concerns from our licence data
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Fyers regulation FAQ
Is Fyers regulated?
Yes — in our database Fyers is matched to 1 licence: SEBI (India). Which of these protects you depends on the legal entity you open an account with. Always confirm the licence on the regulator's official register.
Is Fyers a tier-1 regulated broker?
No. None of the licences we have matched to Fyers is from a tier-1 regulator. Its strongest licence is tier 2.
Does Fyers accept US clients?
Fyers is not matched to a CFTC/NFA registration in our database. Only CFTC-registered, NFA-member firms may offer retail forex to US residents, so Fyers generally cannot accept US retail forex clients.
Is my money protected with Fyers?
Clients of Fyers's SEBI-regulated entity may be eligible for statutory compensation (Exchange Investor Protection Funds). Clients of other entities rely on segregation of funds and the firm's financial strength.
What is the minimum deposit at Fyers?
Fyers advertises no fixed minimum deposit on its standard account, although some account types, payment methods or entities may require one.
How can I verify Fyers's licence?
Find the company name and licence number in Fyers's client agreement or website footer, then search it on the regulator's official register (linked from each licence on this page). Confirm that the website domain you use is listed on the register, and check the regulator's warning list for clones.