Fyers Vs Upstox (Compare Fyers and Upstox)

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 Account	Open Upstox Account

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 300.

	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 300

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 0 (Free) and intraday is Rs 20 per executed order or 0.05% whichever is lower.

	Fyers	Upstox
Account Type	Flat Fee Brokerage Plan	Default
Fixed Charges	NA	NA
Equity Delivery	Rs 0 (Free)	Rs 0 (Free)
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: Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online 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

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 Account	Open Upstox Account

Fyers Vs Upstox Leverage (Margin)

Fyers margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Upstox margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	Fyers	Upstox
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
	Open Fyers Account	Open Upstox Account

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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
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	3:00 PM
Other Features	Brokerage free thematic investing is available	Option strategy builder
Referral Program
	Open Fyers Account	Open Upstox Account

Fyers Vs Upstox Review

Fyers is rated 3.2 of 5 based on 21 customer reviews whereas Upstox is rated 2.4 of 5 based on 117 customer reviews.

	Fyers	Upstox
	21 Customer Reviews	117 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Fyers is rated 3.2 of 5 based on 21 customer reviews	Upstox is rated 2.4 of 5 based on 117 customer reviews

Fyers Vs Upstox Investment Options

	Fyers	Upstox
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options

Fyers Vs Upstox Order Type Offered

	Fyers	Upstox
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
	Open Fyers Account	Open Upstox Account

Fyers Vs Upstox Research Report

	Fyers	Upstox
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Fyers Vs Upstox Suitable For Investor Type

	Fyers	Upstox
Casual Investor
Active Investor
Trader

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 and digital gold 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 Against Share is available Online IPO, FPO, Bonds, and NCD's are available.
Cons	Depository services are offered through another company (IL&FS). Higher demat charges. No branch offices. No good 'til canceled (GTC) orders.	No margin funding. It does not offer the 'Good Till Canceled (GTC) order type. 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.
Reviews
Promo / Offers	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.	Free Equity Delivery Trading & Mutual Funds Pay Rs 0 Brokerage for Equity Delivery, Mutual Funds, and Digital Gold. Pay flat Rs 20 for Intra-day and F&O Trades. Trade with the best trading platform. It is a limited-time offer. Open Instant Account online and start trading the same day.
	Open Fyers Account	Open Upstox Account