Is Fyers regulated by the SEBI?

What the SEBI licence means

According to our records, Fyers holds a licence from the Securities and Exchange Board of India (SEBI), the financial regulator for India. We classify the SEBI as tier 2 — strong regulation. Credible regulators with real rulebooks, but fewer safeguards than tier 1 (e.g. no compensation scheme or looser leverage rules).

For Fyers clients whose account is held by its SEBI-regulated entity, the key protections are: compensation — Exchange Investor Protection Funds; retail leverage — Exchange-set margins on currency derivatives; negative balance protection — not a regulatory requirement (may be offered contractually); client money — Exchange clearing and client collateral rules. Disputes can be taken to SEBI SCORES / SMART ODR.

Protection at a glance

Regulator tier

Tier 2 — Strong regulation

Compensation scheme

Exchange Investor Protection Funds

Retail leverage

Exchange-set margins on currency derivatives

Negative balance protection

Not a regulatory requirement

Client money

Exchange clearing and client collateral rules

Complaints

SEBI SCORES / SMART ODR

How to verify this licence

1. Open Fyers's client agreement or website footer and note the exact company name and SEBI licence number.
2. Search that name or number on the official SEBI register. Check the status is current, not cancelled or suspended.
3. Confirm the website domain you're using (fyers.in) is the one listed on the register — clone firms copy genuine licence numbers.
4. Search the SEBI warnings page and IOSCO I-SCAN for the brand name.