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Upstox Vs Fyers: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Upstox Max Rs 20 per trade while the brokerage of Fyers Max Rs 20 per trade. Both the brokers are Discount Brokers. Upstox is having overall higher rating compare to Fyers. Upstox is rated 4.5 out of 5 where Fyers is rated only 4 out of 5. Number of active customer for Upstox is 38,64,087 where number of active customer for Fyers is 1,62,734. Upstox is serving more customer compare to Fyers.

Here we present side-by-side comparison of Upstox vs Fyers share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Upstox vs Fyers's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Upstox vs Fyers share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Upstox vs Fyers's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Upstox vs Fyers on Service

  Upstox Compare
Upstox
Fyers Compare
Fyers
Overall Rating Rated 4.5 stars Rated 4 stars
Brokerage Charges Rated 4.5 stars Rated 3.5 stars
Trading Platform Rated 4.5 stars Rated 4 stars
Investments Offering Rated 4 stars Rated 4 stars
Customer Service Rated 4.5 stars Rated 4 stars
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX BSE, NSE, MCX
Active Clients 38,64,087 1,62,734
Broker Overview One of the best discount brokers in India 2023 with ₹20 flat brokerage charges, free mutual fund investment, fantastic feature-rich Upstox pro trading platform in web and app versions, and reliable customer service. Rs. 0 delivery trade, Rs. 20 per order brokerage plan, zero brokerage mutual fund investment, & Fyers One, Fyers App, and Fyers Web-based advanced technology trading platform make Fyers the best broker for traders and investors.
Broker Enquiry Request call back from Upstox Request call back from Fyers
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Account Opening Charges and AMC

Compare Upstox vs Fyers on Trading & Demat Account Opening Charges

Comparison of Upstox with Fyers on trading & demat account opening charges and AMC. Trading account opening charges - Fyers offer Free account opening where Upstox charges Promotion offer: Free for account opening. Demat AMC charges - Both broker don't charge any AMC for Demat Account.

Trading & Demat Account Opening Charges - Compare Upstox with Fyers
Charges Upstox Fyers
Trading Account Opening Fees Promotion offer: Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Upstox vs Fyers on Plan Options

Plans are the most important feature you look when compare Upstox with Fyers. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Upstox with Fyers on Plan Options
Plan Types Upstox Fyers
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Upstox Fyers
Account Opening Request
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Brokerage Charges

Compare Upstox vs Fyers on Brokerage Charges

Upstox Brokerage Plan detail - Equity Delivery Free and Rs 20 Per executable order for others

Fyers Brokerage Plan detail - Trade in any segment with Free delivery trading and competitive brokerage of max Rs 20 in all other segments.

Brokerage Charges - Compare Upstox with Fyers
Brokerage Charges Compare Upstox Fyers
Plan Name Max Rs 20 Per Order Trading Plan Max Rs 20 Per Order Trading Plan
Equity Delivery 2.5% or Rs 20 whichever is lower Free
Equity Intraday 0.05% or Rs 20 whichever is lower 0.03% or Rs 20 whichever is lower
Equity Futures 0.05% or Rs 20 whichever is lower 0.03% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 20 Flat Rs 20 per order
Currency Futures 0.05% or Rs 20 whichever is lower 0.03% or Rs 20 whichever is lower
Currency Options Flat Fee Rs 20 Flat Rs 20 per order
Commodity Trading Flat Fee Rs 20 0.03% or Rs 20 whichever is lower
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available No
Funding Info Not Available No
Call & Trade Charges Rs 20 Per Executable Order Rs 50 Per Order
Auto Square off Charges Rs 20 Per Executable Order Rs 50 Per Order
Brokerage Calculator Brokerage Calculator for Upstox Brokerage Calculator for Fyers
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Share Broker's Transaction Charges

Compare Upstox vs Fyers on Transaction Charges

Compare Upstox with Fyers on transaction charges and PCM fee by segment.

Transaction Charges - Compare Upstox with Fyers
Transaction Charges Compare Upstox Fyers
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 210 Per Cr Rs 240 Per Cr
Equity Options Rs 5500 Per Cr Rs 5900 Per Cr
Currency Futures Rs 150 Per Cr Rs 175 Per Cr
Currency Options Rs 6000 Per Cr Rs 6500 Per Cr
Commodity Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr NA
Brokerage Charges Complete Brokerage Plans for upstox Complete Brokerage Plans for fyers
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Account Features

Compare Upstox vs Fyers on Account Features

Compare Upstox with Fyers on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Upstox offers 3-in-1 account where Fyers offers only 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Both broker dont have a margin funding facility. NRI Trading - both doesn't offer NRI Trading facility.

Account Features - Upstox with Fyers
Account Features Compare Upstox Fyers
3 in 1 Account Yes, Upstox have 3-in-1 accounts. Bank Account, Demat and Trading account. No Upstox have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available No No
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15 PM
NRI Trading No No
Other Features NIL Fyers 30 Day Challenge
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Trading Platform

Compare Upstox vs Fyers on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Upstox and Fyers. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Upstox with Fyers
Trading Platform Compare Upstox Fyers
Desktop Trading Platform Upstox Pro Fyers One
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://pro.upstox.com/ Fyers Web
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App Upstox Fyers Mobile App
Mobile Trading App Demo Upstox Demo Fyers Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod Upstox Download Andriod Fyers Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Upstox Download iOS Fyers Mobile App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Upstox Equity Intraday and Delivery Brokerage Calculator for Fyers
Futures Brokerage Calculator Futures Brokerage Calculator for Upstox Futures Brokerage Calculator for Fyers
Options Brokerage Calculator Options Brokerage Calculator for Upstox Options Brokerage Calculator for Fyers
Detail Detail on Trading Platforms for upstox Detail on Trading Platforms for fyers

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Broker Ratings by Users

Compare Upstox vs Fyers on User Rating

  Upstox Fyers
  12 Customer Reviews    Rate Upstox 10 Customer Reviews    Rate Fyers
Fees Ratings 3.5 3.5
Trading Brokerage Rating 3.8 3.6
Trading Platform Usability 3.7 3.6
Customer Service Ratings 3.5 3.4
Overall Ratings Rated 3.7 stars Rated 3.2 stars
Broker Rating Upstox is Rated 3.7 / 5 based on 12 customer reviews Fyers is Rated 3.2 / 5 based on 10 customer reviews
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Investment Offerings

Compare Upstox vs Fyers on Investment Offerings

Compare Upstox with Fyers on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Upstox with Fyers
Investment Offerings Compare Upstox Fyers
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD No No
ETF Yes Yes
Banking No No
Insurance No No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Upstox vs Fyers on Order Types

Order Type - Compare Upstox with Fyers on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Fyers offers Good Till Cancelled (GTC) orders where Upstox doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Upstox with Fyers
Order Type Compare Upstox Fyers
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No Yes
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Customer Service Offered

Compare Upstox vs Fyers on Customer Service

Compare Upstox with Fyers on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Upstox with Fyers
Customer Service Compare Upstox Fyers
24/7 Customer Service Upstox vs Fyers - 24x7 customer support No No
Email Support Upstox vs Fyers - Email Support Yes Yes
Onine Live Chat Upstox vs Fyers - Onine Live Chat Yes No
Phone Support Upstox vs Fyers - Phone Support Yes Yes
Toll Free Number Upstox vs Fyers - Toll Free Number No No
Through Branches Upstox vs Fyers - Through Branches Yes No
Customer Care Number Upstox vs Fyers - Customer Care Number +91 22 6130 9999 080 4625 1111
Account Opening Process Upstox vs Fyers - Account Opening Process Online/Paperless 100% online and paperless proc
Customer Support Email Upstox vs Fyers - Customer Support Email [email protected]  [email protected]
Knowledge Center/Education Upstox vs Fyers - Knowledge Center/Education https://upstox.com/help-center/ https://fyers.in/school-of-stocks/
Head Office Address Upstox vs Fyers - Head Office Address/Corporate Address Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore – 560009
Website Upstox vs Fyers - Company Website https://upstox.com/ https://fyers.in/
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Tips/Research/Reports Published

Compare Upstox vs Fyers on Research Reports, Tips

Compare Upstox with Fyers on research reports and tips provided by the broker.

Research Reports - Compare Upstox with Fyers
  Upstox Fyers
Research Mutual Funds Upstox vs Fyers - Research Mutual Funds No No
Research Equity Reports Upstox vs Fyers - Research Equity Reports No No
Research ETF Upstox vs Fyers - Research ETF No No
Daily Market Report Upstox vs Fyers - Daily Market Report No No
Free Tips Upstox vs Fyers - Free Tips No No
Quarterly Result Analysis Upstox vs Fyers - Quarterly Results No No
News Alerts Upstox vs Fyers - No Yes
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Demat Account

Compare Upstox vs Fyers on Demat Account

Compare Upstox with Fyers on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Fyers is Free where for Upstox is ₹300 PA. Fyers is a better choice in terms of Demat AMC compare to Upstox.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Upstox is ₹13 + ₹5.50 CDSL charges where for Fyers is ₹10 + ₹5.50 (CDSL Charges) per transaction.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Upstox with Fyers
  Upstox Fyers
DP Source CDSL CDSL
DP ID Upstox vs Fyers - DP ID 81800 432-2019
Demat Account Annual Maintenance Charges(AMC) ₹300 PA Free
Advance Deposit NIL Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹13 + ₹5.50 CDSL charges ₹10 + ₹5.50 (CDSL Charges) per transaction
Demat ₹20 + ₹50 courier charges ₹100 per certificate
Remat ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) ₹100 per certificate + CDSL Charges
Pledge Creation 0.02% of the transaction value (Min ₹50) + CDSL charges ₹50 + ₹12 CSDL charges
Pledge Creation Confirmation 0.02% of the transaction value (Min ₹50) + CDSL charges Nil
Pledge Closure 0.02% of the transaction value (Min ₹50) + CDSL charges ₹50 + ₹12 CSDL charges
Pledge Closure Confirmation 0.02% of the transaction value (Min ₹50) + CDSL charges Nil
Pledge Invocation 0.05% of the transaction value (Min ₹50) ₹50
Failed Instruction Charges ₹50 Nil
Other Charges Nil Nil

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Special Offers,Advantages,Disadvantages

Compare Upstox vs Fyers on Special Offers and Promotion

Compare Upstox with Fyers on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Upstox vs Fyers on Special Offers and Promotion
  Upstox Fyers
Pay In and Pay Out Options Upstox vs Fyers - Pay In and Pay Out Options pay-in/adding funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro
Pau-out/Fund Withdrawal - Bank Transfer only
Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Fyers Mobile, Fyers One and Fyers Web.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Upstox vs Fyers - Payout Time Max 24 hrs except bank holidays Up to 24 Hrs except for Bank Holidays.
Bank Supported and Charges Upstox vs Fyers - Bank Supported and Charges Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service. 24+ banks connected via payment gateway, Free pay in and Free Pay Out.
Bank Detail HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
Fyers Securities,
Account Number:00090340002376
Bank and Branch: HDFC Bank,Kasturba Road, Bangalore
Account Type: Current Account
IFSC Code: HDFC0000009
Likes
  • Flat Rs. 20 brokerage across segments.
  • Invest across global companies in 25+ countries.
  • Apply for IPO and direct mutual funds for free.
  • Zero Demat AMC or annual maintenance charge.
  • Zero hidden costs.
  • Advanced orders like bracket order, cover order, and after-market order.
  • Advanced Pro web and mobile app-based trading platforms.
  • Upstox Developer Console to build your own trading platform using Python.
  • Upstox Bridge for AmiBroker to create and execute trading strategy.
  • Availability of margin against shares.

Detail Review...

  • Brokerage free delivery trading and investment in mutual funds.
  • Pay Rs. 20 flat brokerage fee on intraday and F&O trades.
  • Zero brokerage direct mutual fund investment.
  • Invest in an idea or theme-based portfolio with Fyers Thematic Investing.
  • Best-class trading platforms across web, app, and desktop software.
  • Advanced orders like bracket order, cover order, after-market order, and basket order.
  • Win upto Rs. 5,000 brokerage refund with Fyers 30-day challenge.
  • Fyers School of Stocks, a free stock market learning platform.
  • Get free access to Fyers API.
  • Zero payment gateway charges.
  • Zero pledge charges.
  • No proprietary trading.
  • No hidden cost.

Detail Review...

Dislikes
  • Equity delivery trading is not free and charged at a lower of Rs. 20 per order or 2.5%.
  • Upstox doesn’t have unlimited monthly trading plan.
  • Call & trade services are not free, charged at Rs. 20 per executed order.
  • Upstox doesn’t provide stock market trading tips and recommendations.
  • NRI trading is not available since Jan 2018.
  • 24/7 customer service is unavailable.

Detail Review...

  • Fyers Direct mutual fund platform is not available as a mobile app.
  • Fyers does not provide intraday tips, research, and advisory services.
  • It does not offer a 3-in-1 account opening facility.
  • Currently, it does not offer NRI trading services however, expected to launch soon.

Detail Review...

Special Offers/Promo Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs
Enquiry Open Upstox Account Now>> Open Fyers Account Now>>

Last Updated on 2023-01-16T04:23:11+00:00