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HomeStock BrokerFyers vs Upstox

Fyers vs Upstox

Side-by-side view of features, pricing context, and platform fit.

Fyers

Fyers

Active Clients: 2,00,780

Established in 2015, Fyers Securities is a Bangalore-based online discount stock brokerage firm. Fyers facilitates trading in Equity Cash, F&O, and Currency Derivatives segments. The term FYERS stands for "Focus Your ...

Upstox

Upstox

Active Clients: 20,36,413

Upstox is a technologically advanced low-cost brokerage firm in India, offering trading services in equities, commodities, currency, futures, and options via web and mobile platforms. Upstox has received investment fr...

Side-by-Side Compare Table

CategoryFyersUpstox
Basic Details
  • •Broker Type: Discount broker
  • •Founded: 2015
  • •Broker Type: Discount broker
  • •Founded: Legacy RKSV/Upstox retail broking entity
Charges & AMC
  • •Trading and Demat Account Opening: Rs 0
  • •Trading AMC: Rs 0 (lifetime as stated)
  • •Account Opening: Rs 0
  • •Demat AMC: Rs 150 per year (first-year concessions may apply in offers)
Brokerage
  • •Equity Delivery: Rs 20 or 0.03% (whichever is lower)
  • •Equity Intraday: Rs 20 or 0.03% (whichever is lower)
  • •Equity Delivery: Rs 20 or 2.5% (whichever is lower)
  • •Equity Intraday: Rs 20 or 0.05% (whichever is lower)
Other Charges
  • •Call and Trade: additional charge (referenced as Rs 50/order)
  • •Admin square-off charges may apply for auto close positions.
  • •Call and Trade: Rs 20 per executed order
  • •Instant money transfer fee and physical statement fees may apply
Leverage (Margin)
  • •Margin products include MTF offerings in promotional messaging.
  • •Practical leverage and margin depend on segment, risk, and exchange norms.
  • •Margin/leverage is segment specific and governed by exchange/risk policies.
  • •Delivery generally follows full margin and intraday can provide lower upfront margins.
Features
  • •In-house built trading stack.
  • •Insta Options for strategy building and payoff analysis.
  • •Digital-first execution with mobile/web stack.
  • •Strong derivatives support and low brokerage positioning.
Trading Platforms
  • •Fyers App (mobile)
  • •Fyers Web
  • •Upstox Pro web platform
  • •Upstox mobile app
Reviews & Ratings
  • •Marketed as a low-brokerage technology-first platform.
  • •In this source extract, a single numeric overall rating is not prominently presented.
  • •Commonly viewed as low-cost, trader-friendly platform.
  • •In this extract, no final single consolidated numeric rating table is shown.
Investment Options
  • •Equity cash
  • •F&O
  • •Equity
  • •F&O
Order Types Offered
  • •Standard equity and derivatives order types
  • •Intraday and delivery order handling
  • •Standard market and limit orders
  • •Delivery/intraday/F&O execution flows
Suitable For (Investor Type)
  • •Active traders focused on low brokerage and platform tools.
  • •Users who prefer in-house charting and options strategy interfaces.
  • •Cost-sensitive active traders.
  • •App-first users who want strong F&O workflow.
Pros and Cons
  • •Pros:
  • •Very competitive flat-fee structure.
  • •Pros:
  • •Competitive low-cost brokerage model.

Detailed Comparison

Basic Details

FyersUpstox
  • •Broker Type: Discount broker
  • •Founded: 2015
  • •SEBI Registration: INZ000008524
  • •NSE Member Code: 90061
  • •Net Worth: Rs 175.61 Cr
  • •Broker Type: Discount broker
  • •Founded: Legacy RKSV/Upstox retail broking entity
  • •SEBI Registration: INZ000315837
  • •NSE Member Code: 13942
  • •Net Worth: Rs 839.83 Cr

Charges & AMC

FyersUpstox
  • •Trading and Demat Account Opening: Rs 0
  • •Trading AMC: Rs 0 (lifetime as stated)
  • •Demat AMC: Rs 0 (lifetime as stated)
  • •Account Opening: Rs 0
  • •Demat AMC: Rs 150 per year (first-year concessions may apply in offers)
  • •App/web platform model with low-cost pricing

Brokerage

FyersUpstox
  • •Equity Delivery: Rs 20 or 0.03% (whichever is lower)
  • •Equity Intraday: Rs 20 or 0.03% (whichever is lower)
  • •Futures: Rs 20 or 0.03% (whichever is lower)
  • •Options: Flat Rs 20 per executed order
  • •Equity Delivery: Rs 20 or 2.5% (whichever is lower)
  • •Equity Intraday: Rs 20 or 0.05% (whichever is lower)
  • •Equity Futures: Rs 20 or 0.05% (whichever is lower)
  • •Equity Options: Flat Rs 20 per order
  • •Currency/Commodity: Similar low-cost flat-fee pattern as per segment tables

Other Charges

FyersUpstox
  • •Call and Trade: additional charge (referenced as Rs 50/order)
  • •Admin square-off charges may apply for auto close positions.
  • •Usual statutory charges apply across segments.
  • •Call and Trade: Rs 20 per executed order
  • •Instant money transfer fee and physical statement fees may apply
  • •DP sell charges and statutory charges are additional

Leverage (Margin)

FyersUpstox
  • •Margin products include MTF offerings in promotional messaging.
  • •Practical leverage and margin depend on segment, risk, and exchange norms.
  • •Margin/leverage is segment specific and governed by exchange/risk policies.
  • •Delivery generally follows full margin and intraday can provide lower upfront margins.

Features

FyersUpstox
  • •In-house built trading stack.
  • •Insta Options for strategy building and payoff analysis.
  • •Low-cost fixed brokerage proposition.
  • •Digital-first execution with mobile/web stack.
  • •Strong derivatives support and low brokerage positioning.
  • •Direct mutual fund access with zero commission.

Trading Platforms

FyersUpstox
  • •Fyers App (mobile)
  • •Fyers Web
  • •Fyers One desktop terminal
  • •Upstox Pro web platform
  • •Upstox mobile app

Reviews & Ratings

FyersUpstox
  • •Marketed as a low-brokerage technology-first platform.
  • •In this source extract, a single numeric overall rating is not prominently presented.
  • •Commonly viewed as low-cost, trader-friendly platform.
  • •In this extract, no final single consolidated numeric rating table is shown.

Investment Options

FyersUpstox
  • •Equity cash
  • •F&O
  • •Currency derivatives
  • •Mutual funds (direct)
  • •Equity
  • •F&O
  • •Commodity
  • •Currency
  • •Mutual funds

Order Types Offered

FyersUpstox
  • •Standard equity and derivatives order types
  • •Intraday and delivery order handling
  • •Option strategy workflow through Insta Options tools
  • •Standard market and limit orders
  • •Delivery/intraday/F&O execution flows
  • •Call-and-trade assisted execution

Suitable For (Investor Type)

FyersUpstox
  • •Active traders focused on low brokerage and platform tools.
  • •Users who prefer in-house charting and options strategy interfaces.
  • •Cost-sensitive active traders.
  • •App-first users who want strong F&O workflow.
  • •Investors needing discount pricing across major segments.

Pros and Cons

FyersUpstox
  • •Pros:
  • •Very competitive flat-fee structure.
  • •Lifetime-free account opening and AMC in listed plan context.
  • •Strong options/trader-focused tooling.
  • •Cons:
  • •Assisted channels (call and trade/admin square-off) add extra charges.
  • •Product breadth is narrower than some full-service bank-backed brokers.
  • •Pros:
  • •Competitive low-cost brokerage model.
  • •Broad segment coverage across equity, derivatives, commodity, and currency.
  • •Free account opening and strong digital onboarding.
  • •Cons:
  • •Assisted services add extra charges.
  • •Some advanced full-service advisory expectations may not be met.

Final Note

Use this side-by-side comparison as a starting point and verify the latest brokerage and compliance details on official broker pages before taking decisions.

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