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Fyers Vs Upstox Share Broker Comparison

The side-by-side comparison of Fyers Securities Ltd and Upstox stock brokers in India. The comparison below highlights the similarities and differences between Fyers and Upstox's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Fyers and Upstox.

  Fyers Securities Ltd Upstox
 
Fyers Securities Ltd Logo Upstox Logo
About the Broker Incorporated in 2015, Fyers Securities is a Bangalore based online discount stock broker. Fyers offers trading in Equity Cash, F&O and Currency Derivatives segments at NSE. FYERS word is an acronym of "Focus Your Energy & Reform the Self", representi... Know more about Fyers Securities Ltd Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro ... Know more about Upstox
Type of Broker Discount Broker Discount Broker
Supported Exchnage NSE, MCX BSE, NSE, MCX
Account Type Flat Fee Brokerage Plan Upstox Basic
Broker Enquiry Open an Online Trading Account with Fyers. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Upstox. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Fyers Securities Ltd Upstox
Trading Account Opening Fees ₹0 (Free) ₹150 (Eq and F&O), ₹150 (MCX)
Trading Account AMC ₹0 (Free) ₹0
Demat Account Opening Fees ₹0 (Free) ₹0
Demat Account AMC ₹400 ₹150
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Fyers Securities Ltd Upstox
Account Type Flat Fee Brokerage Plan Upstox Basic
Fixed Charges NA
Equity Delivery Brokerage ₹0 (Free) ₹0
Equity Intraday Brokerage ₹20 per executed order or .01% whichever is lower ₹20 per trade or 0.01% (whichever is lower)
Equity Futures Brokerage ₹20 per executed order or .01% whichever is lower ₹20 per trade or 0.01% (whichever is lower)
Equity Options Brokerage ₹20 per executed order ₹20 per trade or 0.01% (whichever is lower)
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹20 per trade or 0.01% (whichever is lower)
Currency Options Trading Brokerage ₹20 per executed order ₹20 per trade or 0.01% (whichever is lower)
Commodity Futures Trading Brokerage NA ₹20 per trade or 0.01% (whichever is lower)
Commodity Options Trading Brokerage

Brokerage Plan 2

  Fyers Securities Ltd Upstox
Account Type Flat Fee Brokerage Plan Upstox Priority
Fixed Charges NA ₹0
Equity Delivery Brokerage ₹0 (Free) ₹0
Equity Intraday Brokerage ₹20 per executed order or .01% whichever is lower ₹30 per trade or 0.05% (whichever is lower)
Equity Futures Brokerage ₹20 per executed order or .01% whichever is lower ₹30 per trade or 0.05% (whichever is lower)
Equity Options Brokerage ₹20 per executed order ₹30 per trade or 0.05% (whichever is lower)
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹30 per trade or 0.05% (whichever is lower)
Currency Options Trading Brokerage ₹20 per executed order ₹30 per trade or 0.05% (whichever is lower)
Commodity Futures Trading Brokerage NA ₹30 per trade or 0.05% (whichever is lower)
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹0
Other Brokerage Charges Square-off by Fyers - ₹20 per trade, NRI Brokerage: ₹100 per executed order (For all segments)
Call & Trade Charges ₹20 per trade ₹20 per trade
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Taxes

  Fyers Securities Ltd Upstox
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  Fyers Securities Ltd Upstox
Equity Delivery ₹325 per crore (0.00325%) NSE ₹325 | BSE ₹275
Equity Intraday ₹325 per crore (0.00325%) NSE ₹325 | BSE ₹275
Equity Futures ₹240 per crore (0.0024%) NSE ₹210
Equity Options ₹5900 per crore (on premium) (0.059%) NSE ₹5500
Currency Futures ₹240 per crore (0.0024%) ₹150
Currency Options ₹5900 per crore (on premium) (0.059%) ₹6000
Commodity NA MCX ₹260/Cr
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Exposure

  Fyers Securities Ltd Upstox
Equity Delivery 1 times 2.5x
Equity Intraday Up to 16x (based on the stock) Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x
Equity Futures Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure) Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6x
Equity Options Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Futures Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Options Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling) Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Commodity NA Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x
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Share Broker Features

  Fyers Securities Ltd Upstox
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts No No
Online Demo No Yes
Online Portfolio Yes No
Margin Trading Funding Available No No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Fyers One (In-house build) Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time 3:20 PM 3:15 PM
Other Features Brokerage free thematic investing is available Option strategy builder
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Broker Ratings (Average User Rating)

  Fyers Securities Ltd Upstox
  8 Customer Reviews    Rate Fyers 49 Customer Reviews    Rate Upstox
Fees Ratings 3.1 3.8
Trading Brokerage Rating 3.9 3.6
Trading Platform Usability 3.0 2.9
Customer Service Ratings 4.0 2.5
Overall Ratings Rated 3.6 stars Rated 2.6 stars
Broker Rating Fyers is Rated 3.6 / 5 based on 8 customer reviews Upstox is Rated 2.6 / 5 based on 49 customer reviews
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Contact Broker / Request A Call Back

  Fyers Securities Ltd Upstox
Contact / Request Call Back
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Investment Options Available

  Fyers Securities Ltd Upstox
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) No No
Mutual Funds No No
Bond / NCD No No
Debt No No
Other Investment Options
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Customer Service Offered

  Fyers Securities Ltd Upstox
24/7 Customer Service No No
Onine Live Chat No No
Through Branches No No
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Order Type

  Fyers Securities Ltd Upstox
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No No
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Research / Tips / Reports Published

  Fyers Securities Ltd Upstox
Daily Market Report No No
Free Tips No No
Quarterly Result Analysis No No
News Alerts No No
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Suitable for Investor Category

  Fyers Securities Ltd Upstox
Casual Investor
Active Investor Yes Yes
Trader Yes Yes

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Pros, Cons and Other Review Comments

  Fyers Securities Ltd Upstox
Pros
  • Free equity delivery trades and thematic investments. No brokerage for this segment.
  • Very low brokerage charges of maximum ₹20 per trade.
  • No software charges.
  • State of art trading platforms.
  • Thematic investment is available
  • Refer your friends and earn 20% of the revenues generated by your friends, for life!

More Advantages...

  1. Upstox basic plan offers brokerage free trading in Equity Delivery segment.
  2. No brokerage for equity delivery trades.
  3. Free trading software including mobile and web trading app.
  4. Advance orders including AMO, CO and BO are available.
  5. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all.
  6. AmiBroker connector available for Algo Trading.
  7. Mutual Funds are available for investment.
  8. Higher leverage is available under different brokerage plan.

More Advantages...

Cons
  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.

More Disadvantages...

  • No margin funding.
  • No equity 'good till cancelled' orders.
  • Unlimited monthly plans not available.
  • Additional fee for call & trader.
  • Additional fee for square off done by the broker.
  • Higher demat debit transaction charges.
  • Online IPO, FPO, Bonds and NCD's are not available.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and Demat Account.

More Disadvantages...

Reviews Useful articles about Upstox:
Promo / Offers

Fyers offer FREE Trading Account (₹0 account opening fee). Equity delivery trades are FREE (no brokerage), for other segments you pay ₹20 per trade flat broekrage fee.

This is a limited time offer. Simply leave your contact information with us and Fyers representatives will contact you.

Limited Time Offer - Free Account Opening (₹300 waived) until May 17th 2019

Open Upstox Trading Account and get FREE Trading, Demat and Mutual Fund Account + FREE Equity Delivery Trades (no brokerage) + Intraday and F&O Trades at flat ₹20 per order.

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Enquire about Fyers Enquire about Upstox
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