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Fyers Vs Upstox (Compare Fyers and Upstox)

Fyers Securities Ltd Logo

Fyers
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', representing the core values of the company. The company is founded by young entrepreneurs who believes in building the best trading platforms, being transparent and keeping the cost of trading at its lowest in India. Fyers is a low brokerage stock broker in... Know more about Fyers Securities Ltd

Upstox Logo

About Upstox
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 Web and Upstox Pro Mobile trading platforms. Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix. Upstox trading platform offers trading, analysis, charting and many more rich trading features. This platfo... Know more about Upstox

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Fyers Vs Upstox

Incorporated in 2015, Fyers is a Discount Broker. It offers trading at NSE, MCX. It has 0 branches across India. Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India.

  Fyers Upstox
Type of Broker Discount Broker Discount Broker
Exchnage Membership NSE, MCX BSE, NSE, MCX
Year of Incorporation 2015 2012
Number of Branches 0 4
Open Fyers AccountOpen Upstox Account

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Fyers Vs Upstox Charges & AMC

Fyers trading account opening charges is Rs 0 (Free) while Upstox account opening changes is Rs 249. Fyers Demat Account AMC Charges is Rs 300 and Upstox Demat Account AMC Charges is Rs 0 (Free).

  Fyers Upstox
Trading Account Opening Charges Rs 0 (Free) Rs 249
Trading Account AMC Charges Rs 0 (Free) Rs 0 (Free)
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 300 Rs 0 (Free)

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Fyers Vs Upstox Brokerage

Fyers brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas Upstox brokerage charges for equity is Rs 20 per executed order or 2.5% whichever is low and intraday is Rs 20 per executed order or 0.05% whichever is lower.

Account Type Fyers Flat Fee Brokerage Plan Upstox Default
Fixed Charges NA NA
Equity Delivery Rs 0 (Free) Rs 20 per executed order or 2.5% whichever is low
Equity Intraday Rs 20 per executed order or .03% whichever is lower Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 20 per executed order or .03% whichever is lower Rs 20 per executed order or 0.05% whichever is lower
Equity Options Rs 20 per executed order Rs 20 per executed order
Currency Futures Rs 20 per executed order or .03% whichever is lower Rs 20 per executed order or 0.05% whichever is lower
Currency Options Rs 20 per executed order Rs 20 per executed order
Commodity Futures Rs 20 per executed order or .03% whichever is lower Rs 20 per executed order or 0.05% whichever is lower
Commodity Options Rs 20 per executed order Rs 20 per executed order
Special Offer
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.
Special Offer: FREE Account Opening + Rs 1000 brokerage credit + Rs 0 Demat AMC + Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

Fyers Charges Vs Upstox

Minimum Brokerage Intra-day: Rs 7 or 2.5% whichever is lower 0.05%
Other Charges Square-off by Fyers - Rs 20 per trade, NRI Brokerage: Rs 100 per executed order (For all segments) Auto Square-off Charges: Rs 50
Call & Trade Charges Rs 20 per trade Rs 20 per trade

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Fyers Vs Upstox Transaction Charges

Fyers transaction charges for options is Rs 5900 per Cr (on premium) (0.059%) while Upstox exchange transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium).

  Fyers Upstox
Equity Delivery Rs 325 per Cr (0.00325%) NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday Rs 325 per Cr (0.00325%) NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures Rs 240 per Cr (0.0024%) NSE Rs 200 per Cr (0.002%)
Equity Options Rs 5900 per Cr (on premium) (0.059%) NSE Rs 5300 per Cr (0.053%) (on premium)
Currency Futures Rs 240 per Cr (0.0024%) NSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%)
Currency Options Rs 5900 per Cr (on premium) (0.059%) NSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium)
Commodity NA Group A - Rs 290 per Cr (0.0029%)
Open Fyers AccountOpen Upstox Account

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Fyers Vs Upstox Leverage (Margin)

Fyers margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Upstox margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Fyers Upstox
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
Open Fyers AccountOpen Upstox Account

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Compare Fyers and Upstox Features

The trading platforms offered Fyers include Fyers One (In-house build). Upstox offers Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola trading software.

  Fyers 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 No Yes
Margin Against Shares (Equity Cash) No
Margin Against Shares (Equity F&O) Yes
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 3:00 PM
Trading In SME Shares Allowed?
Referral Program Yes Yes
Other Features Brokerage free thematic investing is available Option strategy builder
Open Fyers AccountOpen Upstox Account

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Fyers Vs Upstox Review

Fyers is rated 3.1 of 5 based on 30 customer reviews whereas Upstox is rated 2.4 of 5 based on 132 customer reviews.

  Fyers Upstox
  30 Customer Reviews    Rate Fyers 132 Customer Reviews    Rate Upstox
Fees 3.3 3.4
Brokerage 3.6 3.4
Trading Platform 3.2 2.6
Customer Service 3.1 2.3
Research Capabilities 2.3 2.2
Overall Ratings Rated 3.1 stars Rated 2.4 stars
Broker Rating Fyers is rated 3.1 of 5 based on 30 customer reviews Upstox is rated 2.4 of 5 based on 132 customer reviews

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Contact Broker / Request A Call Back

  Fyers Enquire Upstox Enquire
Contact Broker 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. FREE Account Opening + Rs 1000 brokerage credit + Rs 0 Demat AMC + Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

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Fyers Vs Upstox Investment Options

  Fyers Upstox
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO No Yes
Mutual Funds No No
Bond / NCD No No
Debt No No
Other Investment Options

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Fyers Vs Upstox Order Type Offered

  Fyers Upstox
Bracket Order Yes No
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes No
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No Yes
Open Fyers AccountOpen Upstox Account

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Fyers Vs Upstox Research Report

  Fyers Upstox
Daily Market Report No No
Free Tips No No
Quarterly Result Analysis No No
News Alerts No No

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Fyers Vs Upstox Suitable For Investor Type

  Fyers Upstox
Casual Investor Yes
Active Investor Yes Yes
Trader Yes Yes

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Fyers Vs Upstox - Pros and Cons

  Fyers Upstox
Pros
  • Free equity delivery trades and thematic investments. No brokerage for this segment.
  • Very low brokerage charges of maximum Rs 20 per trade.
  • Free account opening.
  • 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!
  • Zero account opening fee.
  • Zero brokerage for trading in Equity Delivery (Cash & Carry).
  • Zero brokerage for Mutual Fund investment.
  • Flat Rs 20 per trade brokerage for all other segments.
  • Offer direct mutual funds.
  • Free trading software for mobile and web browsers.
  • One app for trading in equity, currency, and commodity.
  • Margin Trading Facility (MTF) is available at interest rate of Rs 20/day for slabs of Rs 40,000.
  • Margin Against Share is available
  • Online IPO, FPO, Bonds, and NCD's are available.
  • Good-Till-Triggered (GTT) orders are available.
Cons
  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.
  • It does not offer BTST facility.
  • Unlimited monthly plans not available.
  • No stock tips or recommendations.
  • It charges an additional fee for call & trade.
  • It charges an additional fee of Rs 50 for auto-square-off done by the broker.
  • Higher demat debit transaction charges.
  • Upstox doesn't offer NRI Trading and Demat Account.
  • Intraday square-off at 3 PM. Most other brokers do it at 3:15 PM.
  • Doesn't offer digital gold.
Reviews
Promo / Offers

Fyers Special Offer

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O.
  • Brokerage-free Direct Mutual Fund investment.
  • Trade with one of the best trading platforms in India.

This is a limited-time offer. Open FREE Fyers Account online and start trading today.

Upstox Special Offer

Exclusive offer by Upstox

  • FREE Account Opening.
  • Get Rs 1000 brokerage credit.
  • Rs 0 Demat AMC.
  • Pay flat Rs 20 for Eq Delivery, Intra-day and F&O Trades.
  • Pay Rs 0 commission for Mutual Funds.

It is a limited-time offer. Open Instant Account and start trading the same day.

Open Fyers AccountOpen Upstox Account

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