1. Homepage
  2. Featured
  3. Compare
  4. Fyers vs Upstox review

Fyers vs Upstox review

A look at Fyers vs. Upstox: which one is better?

You may have come across Fyers and Upstox if you are looking for a trustworthy and cheap online broker in India. You can use both of these platforms to trade stocks because they each have many useful tools and services. Which one is better for you? I’ll talk about a lot of different things in this blog post, like pricing, trading platforms, customer service, research and education, and more. After reading this post, you’ll have a good idea of which broker fits your needs and tastes.

Fyers vs Upstox Pricing

The price is one of the most important things to think about when picking a broker. How much do they charge to open an account, keep it open, and pay other fees? Here is a quick look at how much Fyers and Upstox cost:

Both Upstox and Fyers charge ₹0 for opening an account.

  • Brokerage: Fyers doesn’t charge any fees for equity delivery trades, but Upstox does. Upstox charges ₹20 or 2.5% whichever is lower. Both brokers charge ₹20 per executed order or 0.05% (whichever is lower) for intraday trades.
  • AMC charges: Both Upstox and Fyers charges ₹0 per month for demat account maintenance.
  • Other fees: As required by the government, both brokers charge GST, STT, SEBI fees, stamp duty, and transaction fees.

You can see that Fyers is better than Upstox when it comes to investing for long term and brokerage fees for trades in stocks that are delivered. Upstox does have a slight edge when it comes to reliability, though. In general, both brokers offer low-cost trading services and have prices that are pretty competitive.

Fyers vs Upstox Platforms for trading

The trading platform is another important thing to think about when picking a broker. How fast, safe, easy to use, and full of features are their platforms? Here is a quick look at how the trading platforms of Fyers and Upstox compared:

Web-based platform

Fyers has a web-based platform called Fyers Web that lets you trade from any browser without having to download any software. It has a sleek and easy-to-use interface that lets you get to many widgets, charts, indicators, watchlists, scanners, and other things. It’s also possible to change the layout and settings to suit your tastes.

Upstox also has a web-based platform called Upstox Pro Web that lets you trade from any browser without having to download any software. You can get to different charts, indicators, watchlists, orders, positions, and more through a clean and simple interface. There are also keyboard shortcuts and light and dark themes that you can use to trade faster.

Mobile app

You can trade from your phone or tablet with the Fyers Markets app in your mobile device. The interface is smooth and quick to respond. You can get to live market data, charts, indicators, watchlists, scanners, alerts, and more. To keep things safe, you can also use voice commands to place orders and biometric authentication.

Upstox also has a mobile app called Upstox Pro that lets you trade from your phone or tablet. It lets you get to live market data, charts, indicators, and more quickly and easily.

Company Overview

Fyers review and brokerage chargesUpstox app review India in 2024: Brokerage Charges list, AMC & Rating
Company name FYERS Securities Private Limited Upstox- RKSV Securities India Private Limited (RSIPL)
Headquarters Bengaluru Delhi
Founder Tejas Khoday, Yashas Khoday, and Shreyas Khoday Ravi Kumar
Establishment Year 2015 April 6, 2009

Account opening & AMC

Fyers review and brokerage chargesUpstox app review India in 2024: Brokerage Charges list, AMC & Rating
Account Opening Fee The account opening fee, also known as account setup charges, refers to the one-time charge levied by a brokerage firm when you open a new Demat and trading account to invest in securities like stocks, bonds, or ETFs. These fees can vary depending on the type of account, the brokerage firm, and any current promotions or offers. ₹0 ₹0
Annual Maintenance Charges (AMC) This is a yearly fee levied by the depository participant (DP) to maintain your Demat account, where your shares are held electronically. ₹0 ₹0

Pledge Charges

Fyers review and brokerage chargesUpstox app review India in 2024: Brokerage Charges list, AMC & Rating
Pledge Creation Charges ₹0 ₹20 + GST per scrip for Equity & ₹50 + GST per scrip for pledging Futures buy and sell and Options Sell orders only
Pledge Invocation Charges ₹0 ₹50 + GST per scrip for unpledging
Interest on Margin Trading Does not provide ₹20/day for every slab of ₹40,000 taken as MTF
Margin Re-Pledge ₹0 ₹20 + GST per scrip for Equity

Brokerage charges & Fees

Fyers review and brokerage chargesUpstox app review India in 2024: Brokerage Charges list, AMC & Rating
Brokerage Plan Standard account Standard
Equity Delivery Charges ₹0 ₹20 or 2.5% whichever is lower
Equity Intraday Charges ₹20 or 0.03% per executed order, whichever is lower ₹20 per executed order or 0.05% (whichever is lower)
Equity Futures charges ₹20 or 0.03% per executed order, whichever is lower ₹20 per executed order or 0.05% (whichever is lower)
Equity Options charges Flat ₹20 per executed order Flat ₹20 per executed order
Currency Futures charges ₹20 per executed order or 0.03% of the transaction value, whichever is lower ₹20 per executed order or 0.05% (whichever is lower)
Currency Options charges Flat ₹20 per executed order Flat ₹20 per executed order
Commodity Futures charges ₹20 per executed order or 0.03% of the transaction value, whichever is lower ₹20 per executed order or 0.05% (whichever is lower)
Commodity Options charges ₹20 per executed order Flat ₹20 per executed order

Customer services offered

Fyers review and brokerage chargesUpstox app review India in 2024: Brokerage Charges list, AMC & Rating
Demat Services ✅Yes ✅Yes
Trading Services ✅Yes ✅Yes
Intraday Services ✅Yes ✅Yes
F&O Services ✅Yes ✅Yes
IPO Services ✅Yes ✅Yes
Share Pledging ✅Yes ✅Yes
NRI Services ✅Yes ✅Yes
Referral Program ✅Yes ✅Yes

Customer Support

Fyers review and brokerage chargesUpstox app review India in 2024: Brokerage Charges list, AMC & Rating
Call Support 080-600 01 111 (9:00AM - 11:55PM) 022-41792999: All Trading Days – 8 am to 5 pm
Email Support support@fyers.in (9:00AM - 11:55PM) support@upstox.com: All Trading Days – 8 am to 5 pm
Whatsapp Support ⛔No No
Website Support ✅Yes, Articles only. No Chat support Yes, 8AM - 7PM IST, Monday - Saturday

Leverage (Margin) Offered

Fyers review and brokerage chargesUpstox app review India in 2024: Brokerage Charges list, AMC & Rating
Equity Delivery Margin Leverage No leverage available; you need the full purchase value in your account. No leverage available; you need the full purchase value in your account.
Equity Intraday Margin Leverage Upto 5x depending on the stock (lower leverage for volatile stocks) Leverage ranges from 1x to 5x depending on the stock (lower leverage for volatile stocks)
Equity F&O Intraday Margin Leverage No leverage available; requires full margin upfront Leverage is 1.3x across all Equity F&O contracts
Equity F&O Carry Forward Margin Leverage No leverage available; requires full margin upfront No leverage available; requires full margin upfront
Currency F&O Margin Leverage No leverage available; requires full margin upfront Leverage is 1.3x across all Currency F&O contracts
Commodity F&O Intraday Margin Leverage No leverage available; requires full margin upfront Leverage is 1.3x across all Commodity F&O contracts
Commodity F&O Carry Forward Margin Leverage No leverage available; requires full margin upfront No leverage available; requires full margin upfront

Unique Offerings

Fyers review and brokerage chargesUpstox app review India in 2024: Brokerage Charges list, AMC & Rating
Free Account Opening ✅Yes ✅Yes
Free Brokerage On Stock delivery, Mutual Funds and IPOs only On Mutual Funds and IPOs only
Free AMC ✅Yes ✅Yes
Free Equity Delivery ✅Yes ⛔No
Free F&O Trading ⛔No ⛔No
Free Intraday Trading ⛔No ⛔No
Free Trading calls ⛔No ⛔No
Happy Trading Hours ⛔No ⛔No
Flexible Brokerage Plans ⛔No ⛔No
Referral Offers ✅Yes ✅Yes
Margin Funding (MTF)/ Pledging ✅Yes ✅Yes
Brokerage Cashback ⛔No ⛔No
Zero Brokerage for Loss Making Trades ⛔No ⛔No
Relationship Manager ⛔No ⛔No

Services Provided

Fyers review and brokerage chargesUpstox app review India in 2024: Brokerage Charges list, AMC & Rating
Equity Delivery ✅Yes ✅Yes
Equity Intraday ✅Yes ✅Yes
Equity Futures ✅Yes ✅Yes
Equity Options ✅Yes ✅Yes
Currency Futures ✅Yes ✅Yes
Currency Options ✅Yes ✅Yes
Commodity Futures ✅Yes ✅Yes
Commodity Options ✅Yes ✅Yes
Foreign Stocks ⛔No ⛔No
Mutual Funds ✅Yes ✅Yes
Banking ⛔No ⛔No
Insurance ⛔No ⛔No
Corporate Bonds ⛔No ⛔No
Govt. Bonds ⛔No ⛔No
Digital Gold ⛔No ⛔No

Order Types

Fyers review and brokerage chargesUpstox app review India in 2024: Brokerage Charges list, AMC & Rating
Market Order ✅Yes ✅Yes
Limit Order ✅Yes ✅Yes
Bracket Order ✅Yes ✅Yes
Cover Order ✅Yes ✅Yes
After Market Order (AMO) ✅Yes ✅Yes
Good Till Cancelled (GTC) ✅Yes ✅Yes
Buy Today Sell Tomorrow (BTST) ⛔No ⛔No
Sell Today Buy Tomorrow (STBT) ⛔No ⛔No

Research & Reports

Fyers review and brokerage chargesUpstox app review India in 2024: Brokerage Charges list, AMC & Rating
Annual Reports ✅Yes ⛔No
Company Reports ✅Yes ✅Yes, Basic only
Research Reports ✅Yes ⛔No
Fundamental Reports ✅Yes ✅Yes, Basic only
IPO Reports ✅Yes ✅Yes
Technical Reports ✅Yes ✅Yes, Basic only
Stock tips ⛔No ⛔No
Daily Market Review ✅Yes ✅Yes
Monthly Review ✅Yes ✅Yes
Weekly Review ✅Yes ✅Yes
Robo Advisory ⛔No ⛔No

STT & CTT Charges

Fyers review and brokerage chargesUpstox app review India in 2024: Brokerage Charges list, AMC & Rating
Equity Delivery STT & CTT 0.1% on Buy and Sell 0.1% on buy & sell
Equity Intraday STT & CTT 0.025% on Sell 0.025% on the sell side
Equity Futures STT & CTT 0.0125% on Sell 0.0125% on sell side
Equity Options STT & CTT 0.0625% on Sell 0.0625% on sell side (on premium)
Currency Futures STT & CTT No STT No STT
Currency Options STT & CTT No STT No STT
Commodity Futures STT & CTT 0.01% on sell side (Non-Agri) 0.01% on sell trade (Non-Agri)
Commodity Options STT & CTT 0.05% on sell side 0.05% on sell trade

Trading Features

Fyers review and brokerage chargesUpstox app review India in 2024: Brokerage Charges list, AMC & Rating
Watchlist ✅Yes ✅Yes
Real Time Updates ✅Yes ✅Yes
Portfolio Details ✅Yes ✅Yes
Price Alert ✅Yes ✅Yes
Online Mutual Fund Buy ✅Yes ✅Yes
Global indices ⛔No ⛔No
Customized Recommendations ✅Yes ⛔No
Advanced charting ✅Yes ✅Yes
Live market ✅Yes ✅Yes
Multiple Profile Management ⛔No ⛔No
Secure Platform ✅Yes ✅Yes

Trading Platforms

Fyers review and brokerage chargesUpstox app review India in 2024: Brokerage Charges list, AMC & Rating
Android App ✅Yes ✅Yes
iOS App ✅Yes ✅Yes
Web Trading Platform ✅Yes ✅Yes
Trading Terminal ✅Yes ✅Yes
Algo Trading Platform ✅Yes ✅Yes
Foreign Stocks Trading Platform ⛔No ⛔No
Basket Trading Platform ✅Yes ✅Yes
Mutual Fund Investment Platform ✅Yes ✅Yes
Digital Gold Investment Platform ⛔No ⛔No
Bonds Investment Platform ⛔No ⛔No

Transaction Charges

Fyers review and brokerage chargesUpstox app review India in 2024: Brokerage Charges list, AMC & Rating
Equity Delivery Transaction Charges NSE: 0.00325% | BSE: 0.00375% NSE 0.00325% per trade on buy & sell. BSE charges vary as per the scrip group
Equity Intraday Transaction Charges NSE: 0.00325% | BSE: 0.00375% NSE: 0.00325% per trade on buy & sell. BSE charges vary as per the scrip group
Equity Futures Transaction Charges 0.0005% NSE Exchange turnover charge: 0.0019%. BSE: Nil
Equity Options Transaction Charges 0.009% NSE Exchange turnover charge: 0.050% (on premium). BSE: 0.0375% (on premium)
Currency Futures Transaction Charges NSE- 0.0009% NSE: Exchange txn charge: 0.0009% & BSE: Exchange txn charge: 0.00022%
Currency Options Transaction Charges NSE- 0.035% | BSE- 0.001% NSE: Exchange txn charge: 0.035% & BSE: Exchange txn charge: 0.001%
Commodity Futures Transaction Charges MCX- Non-Agri: 0.0026% Non-Agri: Exchange turnover charge: 0.0026%
Commodity Options Transaction Charges MCX- Non-Agri: 0.05% Exchange turnover charge: 0.05%

Stamp Duty charges

Fyers review and brokerage chargesUpstox app review India in 2024: Brokerage Charges list, AMC & Rating
Equity Delivery Stamp Duty 0.015% 0.015% or ₹1500 / crore on buy side
Equity Intraday Stamp Duty 0.003% 0.003% or ₹300 / crore on buy side
Equity Futures Stamp Duty 0.002% 0.002% or ₹200 / crore on buy side
Equity Options Stamp Duty 0.003% 0.003% or ₹300 / crore on buy side
Currency Futures Stamp Duty 0.0001% on Buy Side 0.0001% or Rs 10 per crore on buy-side
Currency Options Stamp Duty 0.0001% on Buy Side 0.0001% or Rs 10 per crore on buy-side
Commodity Futures Stamp Duty 0.002% on Buy Side 0.002% or ₹200 per crore on buy-side
Commodity Options Stamp Duty 0.003% on Buy Side 0.003% or ₹300 per crore on buy-side

Other Charges

Fyers review and brokerage chargesUpstox app review India in 2024: Brokerage Charges list, AMC & Rating
SEBI Turnover Charges ₹10/Crore (For all segments) ₹10/crore (For all segments)
DP Charges ₹7 + ₹5.5 (CDSL Charges) ₹18.5 + GST per scrip (irrespective of quantity)
GST charges 18% of (brokerage + transaction charges + Demat) 18% of (brokerage + transaction charges + Demat)
Account Closure Charges Free Free
Reactivation Charges Free Free
Dematerialization Charges ₹0 ₹20 per Certificate
Call and Trade charges ₹50 per executed order ₹50 + 18% GST
AS SEEN ON
AND OVER 250 NEWS SITES
Verified by SEOeStore
Shopping cart