Fyers One (FO) is the Trading platform from Fyers Securities, which offers Zero Brokerage for equity delivery trading & also Zero Brokerage across all the segments if traders can win their 30-Day Challenge. As the company claims their terminal to be a world-class platform let us check into the platform and post our Fyers One with a demo of the platform including the download process, and login process. We will also check how powerful is the FO screener that made this the best intraday screener app.
Fyers One – Charting and Intraday Screener App Combined
Step 1 – Open an Account
The terminal is FREE to use, but you need to open an a/c with the company. The account opening is also FREE and hence you can just complete the account opening paper works and can start using FO terminal as well as this best intraday screener app absolutely free of cost. To open an account with Fyers click the image above and put your name, phone number and email id so that they can contact you and guide you on the account opening process.
Step 2 – Fyers One Download
Once your account is opened go to the download page.
Now click on the small download link and once you hover your mouse on the button it will pop out the text Fyers One in blue background. Click on the download link. This will open the download and installation guide saved in google drive.
There is the original download link of the terminal. Download it from there and save it to your desktop or best save it into a folder named Fyers-One. This will download the Fyers One.exe file in the folder. Right-click on the file and select Run As Administrator.
Step 3 – Installation of Fyers One
This will start installing the FO terminal on your PC. Just click next and follow the on-screen instructions.
So, now the FO terminal will get installed on your PC and you are ready to use the terminal. Click FINISH and launch the program. This will ask for the login instructions. Log in with your username, password and PAN or date of birth.
Step 4 – Usage
It can ask you to download updates if you have new updates. You can download or continue as you wish. Once the software is updated it will prepare for logging in. This will download and update the necessary data as shown in the image below.
Now the terminal will be logged in and if it is market hours you can see live scrips. The screen will also show you any admin messages and usage tips.
The terminal also provides flash data of the markets as well as information on board meetings, bulk or block deals, recent IPOs, EOD reports, FII & DII data, etc.
Step 5 – Order Entry
Traders can right-click on any symbols and can activate the order entry process. Check the image below to understand the order entry process.
Step 6 – Charts
Now let us check how to open a chart in the terminal. Clicking on any stock in the market watch will open its chart on the right side.
Traders can apply technical indicators on the chart. The image below shows how we attached the SuperTrend indicator to the chart.
The charts can be popped out for a better and bigger view. You can see 1-minute, 5-minute, 10-minute, 15-minute, 30-minute, 60-minute, daily, weekly or monthly charts on the terminal. Normal trading terminal features like orders, positions, fund transfers, watchlist, etc are already present on the Fyers One terminal.
Step 7 – Fyers One Intraday Screener App
So, we have discussed the major part of Fyers One through the demo of the terminal. Now let’s come to the best part of the FO terminal. It’s the Fyers One Screener. Once you use this piece of software you will understand this is the best intraday screener app at present. In the TOOLS section, the terminal also has the following:
- Heat Map
- Market Dynamics
- Mkt Breadth
- Market Meter
- Symbol Meter
- Index Meter
- Live Scanner
- Trend Scanner
- R and S Symbols Watch
- Intraday Recovery/Fall
- Circuit Breakers
- Opportunity Finder
- Unusual Volume
- Open vs High/Low
- Top Gainers and Losers
- End-of-Day Reports
Why Fyers One is the Best Intraday Screener App?
Some of the screeners are helpful for intraday traders and some are helpful for swing traders. We have checked the Trend Scanner is typically helpful for intraday traders. It scans for stocks which have gapped up by a certain percentage, above yesterday’s high by a certain percentage, breached important intraday pivot point levels etc.
The opportunity finder is again typically helpful for the fundamental players where traders can scan stocks with desired PE Ratio, Market Cap, YTD Returns, etc.
There is another useful tool called FnO Analysis. This section finds the following:
- Actions in Futures
- Live Scanner Futures
- Options Calculator
- Most Bullish and Bearish
- Open Interest Gainers and Losers
- Futures
- Option Chain with Tools
So, We have seen in this Fyers One that it is the best intraday screener app in the Indian stock market. The only disadvantage is that they do not have commodity trading.
Conclusion
So we have gone through the Fyers One and we found out that it is having many extra features that are not present in the terminals of other brokers. Though the charting and other features are at par with other brokers, this terminal is way ahead of the others in terms of stock screening. Hence our team has clearly stamped it as the best intraday screener app of 2018. On the final notes once again, this terminal is 100% free. You just need to open a trading and Demat account with Fyers. The account opening process is also FREE. To open an account in Fyers CLICK HERE.