Fyers vs Upstox
Comparison of charges, features, and platform quality. Both Fyers and Upstox are popular choices, but they cater to slightly different types of investors. Let's see which platform offers better value for your trading style.
Our Verdict
Both Fyers and Upstox are top-rated Discount brokers.
Fyers Wins on:
Best For IntradayBetter choice if you prioritize excellent charting (tradingview) and need tradingview, charting.
Upstox Wins on:
Best For IntradayBetter choice if you prioritize fast trading platform (pro) and need fast app, pro tools.
At a Glance Comparison
| Feature | | |
|---|---|---|
| Broker Type | Discount | Discount |
| Account Opening | ₹0 (Free) | ₹0 (Free) |
| AMC (Yearly) | ₹300/year | ₹150/year |
| Equity Delivery | ₹0 | ₹20 or 2.5% |
| Intraday Tradng | ₹20 | ₹20 or 0.05% |
| Active Clients | 4 Lakhs+ | 30 Lakhs+ |
| Rating | 4.4 | 4.6 |
| Best For | Intraday, Options | Intraday, Options |
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Brokerage Charges Explained
Fyers Fees
For equity delivery, ₹0 applies. If you trade Intraday, you pay ₹20 per order.
This makes it suitable for frequent traders.
Upstox Fees
For equity delivery, ₹20 or 2.5% applies. If you trade Intraday, you pay ₹20 or 0.05% per order.
This makes it suitable for frequent traders.
Trading Platform & App
FyersFyers's platform is known for being comprehensive. It is generally considered robust for advanced analysis.
UpstoxUpstox's platform focuses on research and data. Users find it powerful for detailed tracking.
Choose Fyers if:
- You are looking for the best platform for Intraday.
- You are looking for the best platform for Options.
- You prefer tradingview features.
Choose Upstox if:
- You are looking for the best platform for Intraday.
- You are looking for the best platform for Options.
- You prefer fast app features.
Pros & Cons Comparison
Fyers
Advantages
- Excellent Charting (TradingView)
- Drag and drop trading
- Community driven features
Disadvantages
- Back office reports can be better
- Occasional login issues
Upstox
Advantages
- Fast trading platform (Pro)
- Good charting tools
- Margin against shares
Disadvantages
- Delivery is charged (₹20)
- Customer support mixed reviews
- Downtime issues occasionally
