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.
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.
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.
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:
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.
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.
Product Name |
Fyers review and brokerage chargesUpstox app review India in 2024: Brokerage Charges list, AMC & Rating |
Product Image | |
Price | |
Our Rating | |
Brand | Fyers Upstox |
Category | Stock brokers Stock brokers |
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 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 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 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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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% |
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 |
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 |