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Fyers vs Upstox (Compare Fyers and Upstox)

So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.

Here we provide side by side comparison between Fyers vs Upstox, Below comparison of Fyers vs Upstox highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.

One on One comparison of Fyers vs Upstox is given below:

Fyers

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Upstox

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	Fyers	Upstox

About The Brokers

Fyers :

"FYERS is the revolutionary name in the stockbroker industry who has bought crisp technology and smooth trading platform along with the concept of thematic investment" >>> more

Upstox :

"Founded in 2009, Upstox is one of the reliable stock trading brokers with low brokerage and excellent facilities. Two young successful entrepreneurs who opened the co >>> more

Find More Information about the Broker :

Fyers :

OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING

Upstox :

OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING

Type of Broker

Fyers :

Discount Broker

Upstox :

Discount Broker

Promo/offers

Fyers :

Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.

Upstox :

Special Offer: Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

Advantage

Fyers :

✔ What Fyers Does Well

✓	TradingView-native charts — best charting in Indian retail broking
✓	₹12.50 DP charge — lowest among major discount brokers
✓	₹0 AMC for lifetime (limited period offer)
✓	Tiered MTF interest — as low as 12.49% p.a. for large amounts
✓	NRI accounts available at ₹50/order
✓	GTT orders supported — unlike Groww and Angel One
✓	Free API with no monthly subscription fee
✓	30-day profitability challenge — brokerage refund up to ₹10,000
✓	Thematic investing baskets — sector/theme-based stock groups in one click
✓	Bracket orders, cover orders, GTT, AMO, basket orders
✓	School of Stocks — free structured education platform

Upstox :

✔ What Upstox Does Well

✓	Flat ₹20 per order — simple, transparent pricing
✓	First year demat AMC completely free
✓	Pro Web — fast TradingView charting with Chart360
✓	Backed by Ratan Tata & Kalaari Capital — credible
✓	Account opens in 15 minutes — among fastest in India
✓	Well-documented API for algorithmic traders
✓	150+ technical indicators on Pro platform
✓	IPO applications free via UPI/ASBA
✓	SEBI-registered, CDSL custody — securities safe
✓	Call & Trade at ₹20/order — cheaper than Zerodha's ₹50

Disadvantage

Fyers :

✘ Where Fyers Falls Short

✗	Delivery brokerage: ₹20 or 0.3% — high % cap for small trades
✗	Call & Trade ₹50/order — highest among major discount brokers
✗	Admin square-off ₹50 — higher than Upstox & Angel One (₹20)
✗	No research or stock tips — chargeable only
✗	Smaller client base (~2.45L active) vs Zerodha / Groww
✗	AMC free offer is "limited period" — not permanently committed
✗	No branches — 100% online only
✗	Customer support slower than expected given premium positioning
✗	No digital gold or US stocks
✗	Not ideal for beginners — platform depth can be overwhelming

Upstox :

✘ Where Upstox Falls Short

✗	₹20 charged on delivery trades — unlike Zerodha's ₹0
✗	NRI trading accounts NOT available
✗	Mutual funds: regular plans only (not direct plans)
✗	No education resource like Zerodha Varsity
✗	No public platform outage disclosure page
✗	DP charge ₹20/scrip — applies on every delivery sell
✗	No phone support — chat and email only
✗	No research or stock recommendations
✗	No 3-in-1 integrated banking account
✗	Platform slows on high-volatility expiry days

Why This

Fyers :

They Charge Flat brokerage of ₹20/- per executed order.
Brokerage free Equity delivery Trade & Mutual Fund Investment.
No proprietary trading. Pure brokerage firm.
The distinguishing feature of Fyers- "Thematic investing".
Technological advance online trading platforms are provided to its customers.
They have customer support above average, and referral programmes are also worth investing your valuable time.
Provide various researching tools like Margin, Brokerage, brokerage comparison calculator, option strategy.
Trade profitably for 30 days & get your brokerage refunded.
Trade from charts, get the most popular technical indicators, drawing tools, multiple charts and many other functions.
Maximum Historical data- Get 24+ years of historical EOD & 4+ years of historical intraday charts with 100+ technical indicators.
IPOs and FPOs through UPI payments.

Upstox :

Upstox offers zero brokerage on equity mutual fund Investment and a mere ₹20 per transaction on Equity Delivery,intraday and F&O trades.
After Market Order (AMO), Cover Order and BO are available on both web and mobile
Trailing-Stop/Stop-Loss (SL) is available in both web and mobile.
Zero Demat AMC, Free demat account for life.
Offers NRI trading.
Offers Mutual Fund Investment, SIP Investement.
Upstox is backed by top investors with the likes of Ratan Tata, Kalaari Capital & GVK Davix
Upstox offers the best of technology to traders. The Upstox Platform on mobile and web is one of the best platforms for the Indian stock market.

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Fyers vs Upstox Account Opening & AMC Charges

Fyers Trading Account Opening Fee is Rs 0 (Free) and Upstox Trading Account Opening Fee is Rs 0 (Free) . Fyers Demat Account AMC is Rs 0 (Free) and Upstox Demat Account AMC is Rs 150 .

	Fyers	Upstox
Trading Account Opening Fee	Trading Account Opening Fee : Rs 0 (Free)	Trading Account Opening Fee : Rs 0 (Free)
Demat Account Opening Fee	Demat Account Opening Fee : Rs 0 (Free)	Demat Account Opening Fee : Rs 0 (Free)
Demat Account AMC	Demat Account AMC : Rs 0 (Free)	Demat Account AMC : Rs 150
Trading Account AMC	Trading Account AMC : Rs 0 (Free)	Trading Account AMC : Rs 0 (Free)
	Open Account	Open Account

Fyers vs Upstox Brokerage Charges

Fyers Brokerage Charges Equity Delivery is Rs 0 (Free) and Equity Intraday is Rs 20 per executed order or .03% whichever is lower and Equity Options is Rs 20 per executed order . Upstox Brokerage Charges Equity Delivery is Rs 20 per executed order or 2.5% whichever is low and Equity Intraday is Rs 20 per executed order or 0.05% whichever is lower and Equity Options is Rs 20 per executed order .

	Fyers	Upstox
Plan Name	Plan Name : Fyers	Plan Name : Basic Plan
Equity Delivery	Equity Delivery : Rs 0 (Free)	Equity Delivery : Rs 20 per executed order or 2.5% whichever is low
Equity Intraday	Equity Intraday : Rs 20 per executed order or .03% whichever is lower	Equity Intraday : Rs 20 per executed order or 0.05% whichever is lower
Equity Future	Equity Future : Rs 20 per executed order or .03% whichever is lower	Equity Future : Rs 20 per executed order or 0.05% whichever is lower
Equity Options	Equity Options : Rs 20 per executed order	Equity Options : Rs 20 per executed order
Currency Futures	Currency Futures : Rs 20 per executed order or .03% whichever is lower	Currency Futures : Rs 20 per executed order or 0.05% whichever is lower
Currency Options	Currency Options : Rs 20 per executed order	Currency Options : Rs 20 per executed order
Monthly Fee	Monthly Fee : NA	Monthly Fee : NA
Margin Trading	Margin Trading : -	Margin Trading : -
Commodity Futures	Commodity Futures : Rs 20 per executed order or .03% whichever is lower	Commodity Futures : Rs 20 per executed order or 0.05% whichever is lower
Commodity Options	Commodity Options : Rs 20 per executed order	Commodity Options : Rs 20 per executed order
	Open Account	Open Account

Fyers vs Upstox Exchange Transaction Charges

Fyers Exchange Transaction Charges Equity Future is NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 and Equity Options is NSE Rs 5000 per Cr (0.05%) (on premium) . Upstox Exchange Transaction Charges Equity Future is NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 and Equity Options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (on premium) .

	Fyers	Upstox
Equity Delivery	Equity Delivery : NSE Rs 325 per Cr (0.00325%) \| BSE Rs 375 per Cr (0.00375%) (each side)	Equity Delivery : NSE Rs 325 per Cr (0.00325%) \| BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday	Equity Intraday : NSE Rs 325 per Cr (0.00325%) \| BSE Rs 375 per Cr (0.00375%) (sell side)	Equity Intraday : NSE Rs 325 per Cr (0.00325%) \| BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Future *	Equity Future : NSE Rs 190 per Cr (0.0019%) \| BSE Rs 0	Equity Future : NSE Rs 190 per Cr (0.0019%) \| BSE Rs 0
Equity Options *	Equity Options : NSE Rs 5000 per Cr (0.05%) (on premium)	Equity Options : NSE Rs 5000 per Cr (0.05%) \| BSE Rs 3750 per Cr (0.0375%) (on premium)
Currency Futures *	Currency Futures : NSE Rs 90 per Cr (0.0009%) \| BSE Rs 90 per Cr (0.0009%)	Currency Futures : NSE Rs 90 per Cr (0.0009%) \| BSE Rs 22 per Cr (0.00022%)
Currency Options	Currency Options : NSE Rs 3500 per Cr (0.035%) (on premium)	Currency Options : NSE Rs 3500 per Cr (0.035%) \| BSE Rs 100 per Cr (0.001%) (on premium)
Commodity	Commodity : NA	Commodity : Group A - Rs 290 per Cr (0.0029%)
	Open Account	Open Account

Fyers vs Upstox Other Charges

Fyers Minimum Brokerage is Intra-day: Rs 7 or 2.5% whichever is lower and Call & Trade is Rs 20 per trade . Upstox Minimum Brokerage is 0.05% and Call & Trade is Rs 20 per trade .

	Fyers	Upstox
Minimum Brokerage	Minimum Brokerage : Intra-day: Rs 7 or 2.5% whichever is lower	Minimum Brokerage : 0.05%
Call & Trade	Call & Trade : Rs 20 per trade	Call & Trade : Rs 20 per trade
Stamp Duty *	Stamp Duty : -	Stamp Duty : -
DP Charges (on sell side)	DP Charges (on sell side) : ₹7 + ₹5.5 (CDSL Charges)	DP Charges (on sell side) : ₹13 plus ₹5.50 (CDSL charges) per scrip.
Other Miscellaneous Charges	Other Miscellaneous Charges : Square-off by Fyers - Rs 20 per trade, NRI Brokerage: Rs 100 per executed order (For all segments)	Other Miscellaneous Charges : Auto Square-off Charges: Rs 50
	Open Account	Open Account

Fyers vs Upstox Features

Fyers and Upstox both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

	Fyers	Upstox
Trading Platform	Trading Platform : Fyers One (In-house build)	Trading Platform : Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Placing orders through charts	Placing orders through charts : Yes	Placing orders through charts : -
Trading Alerts	Trading Alerts : Yes	Trading Alerts : Yes
Research and Advice / Trading Tips	Research and Advice / Trading Tips : No	Research and Advice / Trading Tips : No
Detailed Education Initiatives	Detailed Education Initiatives : Yes	Detailed Education Initiatives : No
Unique features & Offers	Unique features & Offers : -	Unique features & Offers : -
Referral Program	Referral Program : 1	Referral Program : 1
Margin Against Shares (Equity Cash) *	Margin Against Shares (Equity Cash) : Yes	Margin Against Shares (Equity Cash) : No
Margin Against Shares (Equity F&O) *	Margin Against Shares (Equity F&O) : Yes	Margin Against Shares (Equity F&O) : Yes
	Open Account	Open Account

Fyers vs Upstox Demat Account Charges

A comparative table of various demat account charges between Fyers and Upstox is below:

	Fyers	Upstox
Depository Service Provider	Depository Service Provider : CDSL	Depository Service Provider : CDSL
Account Opening Fee	Account Opening Fee : â‚¹0	Account Opening Fee : Rs 249
Advance Deposit	Advance Deposit : â‚¹0	Advance Deposit : Nil
AMC	AMC : â‚¹0	AMC : Rs 150
Dematerialisation Charges	Dematerialisation Charges : â‚¹0	Dematerialisation Charges : Rs 2.00 per certificate plus courier charges of Rs 35 per demat request
Rematerialisation Charges	Rematerialisation Charges : â‚¹0	Rematerialisation Charges : Rs 25 per certificate or 0.05% of the value whichever is higher.
Transaction Charges (Credit)	Transaction Charges (Credit) : -	Transaction Charges (Credit) : -
Transaction Charges (debit)	Transaction Charges (debit) : â‚¹7 + â‚¹5.50 flat for every debit transaction	Transaction Charges (debit) : Rs 13 + Rs 5.50 (CDSL charges) per scrip.
Pledge Creation Charges	Pledge Creation Charges : â‚¹0	Pledge Creation Charges : 0.02% of the transaction charges subject to a minimum of Rs 50 plus NSDL / CDSL charges at actual.
Pledge Creation Confirmation Charges	Pledge Creation Confirmation Charges : â‚¹0	Pledge Creation Confirmation Charges : 0.02% of the transaction charges subject to a minimum of Rs 50 plus NSDL / CDSL charges at actual.
Pledge Invocation Charges	Pledge Invocation Charges : â‚¹0	Pledge Invocation Charges : 0.05% of the transaction charges subject to a minimum of Rs 50
Failed Instruction Charges	Failed Instruction Charges : â‚¹0	Failed Instruction Charges : Rs 50 per transaction
Other Charges	Other Charges : Adhoc / Non Periodic Statement Requests: â‚¹0 + courier charges at actuals,Conversion of MF Units / Destatementisation: â‚¹100 per certificate, Modification in Client Master List (CML): â‚¹50,Modification in KRA: â‚¹50,Stamp Charges: â‚¹50	Other Charges : Demat Rejection Charges: Rs 35 per rejection for every 500 gms. Adhoc / Non periodic statement requests: Rs 25 (Rs 500 for foreign address) per request upto 10 pages. Every additional 5 pages or a portion thereof will be charged at Rs 10 plus courier / postage charges. Cheque Bounce charges: Charges will be applied based on charges as determined by our bankers.
	Open Account	Open Account

Fyers vs Upstox Basic Details

Fyers Year of Incorporation is 2015 and Total Number of Clients is 200780 and . Upstox Year of Incorporation is 2012 and Total Number of Clients is 2036413 and Total Number of Branches is 4 .

	Fyers	Upstox
Year of Incorporation	Year of Incorporation : 2015	Year of Incorporation : 2012
Active Exchange Memberships	Active Exchange Memberships : NSE, BSE, MCX	Active Exchange Memberships : BSE, NSE, MCX
Demat Services	Demat Services : Yes	Demat Services : No
Website	Website : http://fyers.in/	Website : www.upstox.com
Contact Details	Contact Details : 080-46251111	Contact Details : +91-22-6130-9999
Total Number of Clients	Total Number of Clients : 200,780	Total Number of Clients : 2,036,413
Total Number of Branches	Total Number of Branches : -	Total Number of Branches : 4
Products *	Products : -	Products : Upstox Pro Web,Upstox Pro Mobile, Nest Desktop.
	Open Account	Open Account

Fyers vs Upstox Orders

Orders

	Fyers	Upstox
Cover Orders (CO)	Cover Orders (CO) : Yes	Cover Orders (CO) : Yes
Bracket orders / One Cancels Other (BO / OCO)	Bracket orders / One Cancels Other (BO / OCO) : Yes	Bracket orders / One Cancels Other (BO / OCO) : No
After Market Orders (AMO)	After Market Orders (AMO) : Yes	After Market Orders (AMO) : Yes
Buy Today Sell Tomorrow (BTST) *	Buy Today Sell Tomorrow (BTST) : Yes	Buy Today Sell Tomorrow (BTST) : No
Sell Today Buy Tomorrow (STBT) *	Sell Today Buy Tomorrow (STBT) : No	Sell Today Buy Tomorrow (STBT) : No
Good Till Cancelled (GTC) *	Good Till Cancelled (GTC) : No	Good Till Cancelled (GTC) : Yes
	Open Account	Open Account

Fyers vs Upstox Research and Advice / Trading Tips

Research and Advice / Trading Tips

	Fyers	Upstox
Equity Trading Recommendation *	Equity Trading Recommendation : No	Equity Trading Recommendation : No
Equity Investment Recommendation *	Equity Investment Recommendation : No	Equity Investment Recommendation : No
Recommendation basis risk Profile *	Recommendation basis risk Profile : No	Recommendation basis risk Profile : No
Comparison *	Comparison : No	Comparison : No
Free Tips *	Free Tips : No	Free Tips : No
Daily Market report *	Daily Market report : No	Daily Market report : No
ETF research *	ETF research : No	ETF research : No
Quarterly Results *	Quarterly Results : No	Quarterly Results : No
	Open Account	Open Account

Fyers vs Upstox Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	Fyers	Upstox
Availability for franchisee / AP	Availability for franchisee / AP : Yes	Availability for franchisee / AP : -
Investment required for Franchisee / AP	Investment required for Franchisee / AP : Rs.10,000	Investment required for Franchisee / AP : -
	Open Account	Open Account

Fyers vs Upstox Product & Services

Fyers and Upstox both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

	Fyers	Upstox
Delivery Based Trading *	Delivery Based Trading : Yes	Delivery Based Trading : Yes
Margin Trading *	Margin Trading : No	Margin Trading : Yes
Call N Trade *	Call N Trade : Yes	Call N Trade : Yes
Trading in Both the exchanges *	Trading in Both the exchanges : Yes	Trading in Both the exchanges : Yes
Limit Order *	Limit Order : Yes	Limit Order : Yes
3-in-1 On-line Trading Account *	3-in-1 On-line Trading Account : No	3-in-1 On-line Trading Account : No
NRI Services *	NRI Services : Yes	NRI Services : No
SMS Alerts *	SMS Alerts : No	SMS Alerts : No
Offers Multiple Plan *	Offers Multiple Plan : No	Offers Multiple Plan : No
IPO Investment *	IPO Investment : Yes	IPO Investment : No
Portfolio Analysis *	Portfolio Analysis : No	Portfolio Analysis : Yes
Advanced Charting Features *	Advanced Charting Features : Yes	Advanced Charting Features : Yes
Brokerage Calculator *	Brokerage Calculator : Yes	Brokerage Calculator : Yes
Margin Calculator *	Margin Calculator : Yes	Margin Calculator : Yes
Stop Loss Order *	Stop Loss Order : Yes	Stop Loss Order : Yes
Bracket Orders & Trailing Stop Loss *	Bracket Orders & Trailing Stop Loss : Yes	Bracket Orders & Trailing Stop Loss : Yes
Equity Future & Option Trading *	Equity Future & Option Trading : Yes	Equity Future & Option Trading : Yes
Currency Future & Option Trading *	Currency Future & Option Trading : Yes	Currency Future & Option Trading : Yes
Market Trading *	Market Trading : Yes	Market Trading : Yes
Monthly & Yearly Plan *	Monthly & Yearly Plan : No	Monthly & Yearly Plan : No
Aumtomated Trading *	Aumtomated Trading : No	Aumtomated Trading : No
	Open Account	Open Account

Fyers vs Upstox Customer Services

Fyers and Upstox both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

	Fyers	Upstox
Toll Free Number *	Toll Free Number : No	Toll Free Number : No
Live Chat Facility *	Live Chat Facility : No	Live Chat Facility : Yes
Email Facility *	Email Facility : Yes	Email Facility : Yes
Branch Offices *	Branch Offices : No	Branch Offices : Yes
Customer Care *	Customer Care : Yes	Customer Care : Yes
Community Service *	Community Service : Yes	Community Service : Yes
Relationship Manager *	Relationship Manager : No	Relationship Manager : No
24/7 Support *	24/7 Support : No	24/7 Support : No
	Open Account	Open Account

Fyers vs Upstox Other Investement

Fyers and Upstox both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

	Fyers	Upstox
Commodity Trading *	Commodity Trading : Yes	Commodity Trading : Yes
Investment in ETFs *	Investment in ETFs : No	Investment in ETFs : Yes
Investment in Mutual Funds *	Investment in Mutual Funds : Yes	Investment in Mutual Funds : Yes
Investment in Bonds *	Investment in Bonds : No	Investment in Bonds : No
Investment in Corporate Debt instruments *	Investment in Corporate Debt instruments : No	Investment in Corporate Debt instruments : No
Insurance Services *	Insurance Services : No	Insurance Services : No
Banking Services *	Banking Services : No	Banking Services : No
	Open Account	Open Account

Fyers vs Upstox Trading Platform

Fyers and Upstox both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

	Fyers	Upstox
Web Platform *	Web Platform : Yes	Web Platform : Yes
Android Mobile App *	Android Mobile App : Yes	Android Mobile App : Yes
Desktop Windows *	Desktop Windows : Yes	Desktop Windows : Yes
Desktop Mac *	Desktop Mac : No	Desktop Mac : No
I-Pad App *	I-Pad App : Yes	I-Pad App : Yes
Virtual Trading *	Virtual Trading : No	Virtual Trading : No
iPhone Mobile App *	iPhone Mobile App : Yes	iPhone Mobile App : Yes
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	Open Account	Open Account

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Fyers

Upstox

Fyers vs Upstox (Compare Fyers and Upstox)

One on One comparison of Fyers vs Upstox is given below:

Fyers

Upstox

Fyers :

Upstox :

Fyers :

Upstox :

Fyers :

Upstox :

Fyers :

Upstox :

Fyers :

Upstox :

Fyers :

✘ Where Fyers Falls Short

Upstox :

✘ Where Upstox Falls Short

Fyers :

Upstox :

Fyers vs Upstox Account Opening & AMC Charges

Fyers vs Upstox Brokerage Charges

Fyers vs Upstox Exchange Transaction Charges

Fyers vs Upstox Other Charges

Fyers vs Upstox Features

Fyers vs Upstox Demat Account Charges

Fyers vs Upstox Basic Details

Fyers vs Upstox Orders

Fyers vs Upstox Research and Advice / Trading Tips

Fyers vs Upstox Franchisee / Authorized Person related information

Fyers vs Upstox Product & Services

Fyers vs Upstox Customer Services

Fyers vs Upstox Other Investement

Fyers vs Upstox Trading Platform

User Reviews

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