NIFTY24,173.050.84%
SENSEX77,664.001.09%
BANKNIFTY56,305.001.43%
NIFTY IT30,124.301.22%
PHARMA22,986.352.36%
AUTO25,828.102.35%
FMCG51,140.500.11%
METAL12,786.250.82%
REALTY788.651.83%
ENERGY39,996.750.25%
NIFTY24,173.050.84%
SENSEX77,664.001.09%
BANKNIFTY56,305.001.43%
NIFTY IT30,124.301.22%
PHARMA22,986.352.36%
AUTO25,828.102.35%
FMCG51,140.500.11%
METAL12,786.250.82%
REALTY788.651.83%
ENERGY39,996.750.25%

Side-by-Side Compare Table

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

Detailed Comparison

Basic Details

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

Charges & AMC

UpstoxFyers
  • 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
  • Trading and Demat Account Opening: Rs 0
  • Trading AMC: Rs 0 (lifetime as stated)
  • Demat AMC: Rs 0 (lifetime as stated)

Brokerage

UpstoxFyers
  • 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
  • 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

Other Charges

UpstoxFyers
  • 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
  • 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.

Leverage (Margin)

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

Features

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

Trading Platforms

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

Reviews & Ratings

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

Investment Options

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

Order Types Offered

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

Suitable For (Investor Type)

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

Pros and Cons

UpstoxFyers
  • 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.
  • 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.

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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