In this Fyers Vs Upstox Comparison we will compare all the different services and features offered by both brokers and try to find out who is best among both stockbrokers in 9 simple comparison points.

Before We begin let me tell you a quick fact about both the stockbrokers, as per the latest data on NSE, Upstox have more than 7.8 million active clients whereas Fyers have more than 500,000 active clients.

Although the number do speak for themselves but one should never consider this as a benchmark before choosing any stock broker.

There are many criteria such as best trading platform and mobile apps, lowest brokerage, good customer service, lower or no cost for opening trading/demat account etc.

By the way you can read the separate review of Upstox and Fyers Here..

Just to let you know this review guide is going to be long, you can switch from table of contents to look for the relevant info you want to know.

However below is overall comparison points between Fyers Vs Upstox  to tell you in short about who is best by which you can make instant decision to open account.

 

Fyers Vs Upstox Overall Comparison:

I have already used both their services as well as wrote the reviews about them in detailed way separately, based on my experience and facts below are things you can consider before opening an account with them.

1. You can trade and invest in all segments i.e. stocks (equity) FnO, Commodity, Currency, at NSE, BSE, MCX on both fyers and upstox.
2. Both stock brokers Fyers and Upstox, have fantastic trading platform for desktop/mobile app, you can do fundamental as well as technical analysis quite easily.
3. Upstox trading platform have also partnered with third party service integration as well such as Smallcase for portfolio based investments and, Sensibull for option based strategies, tickertape, sentinel etc. these are not available with Fyers as of now.
4. Moreover, upstox does send free market reports everyday to its users on registered email and one can also invest in digital gold, no such thing as of now with fyers.
5. Upstox also gives Margin Trading Facility for up to 4X leverage (50% funds) from Upstox for Equity Delivery trading or buying certain stocks and holding them this service is not available at Fyers.
6. Fyers and Upstox , both offers free equity delivery trades hence no brokerage. Charges at Fyers and upstox are quite low and decent, fyers are still charging little lower as they charging Rs.20 or 0.03% whereas upstox is charging Rs.20 or 0.05% (whichever is lower).
7. Fyers as well as Upstox offers brokerage or say commission free mutual funds investment and platform for its users.
8. Call and trade if you use than charges are Rs.20 for Upstox as well as Fyers, Other charges such as stamp duty, DP, transactions charges remains same for both.
9. You can expect good customer service from both stock brokers. Personally speaking, Upstox customer service is better than fyers.
10. If we talk about Margin at Upstox vs Fyers, after SEBI Rules on Intraday margin every stockbroker is giving same margin 5X throughout India, hence this does not matter anymore.
11. With Upstox and Fyers you can also invest and trade in IPO’s, NFO’s, ETF, SGB, and many other financial products with so much ease.
12. Other than this you can make investment in T-Bills, SDLs, Fixed Income Bonds & NCDs with Upstox but this is not available as of now with Fyers.
13. Upstox do charges one time account opening fee of Rs.149 and Rs.25 p.m. for AMC (Annual Maintenance Charge) at the year end. However, for a limited time period you can open a free upstox account here.
14. Where as Fyers usually charges Rs.300 for account opening and Rs.400 P.A for AMC.
15. Overall, Upstox when compared on all parameters is still have an edge over Fyers as of now.

 

Now, it is up to you to decide which one you choose as both have everything that is needed to trade and invest in stock market hassle free online.

Overall, Upstox is better stockbroker than Fyers if you want to invest and trade in stock market without any doubt.

💡 Whether you’re just getting started or scaling your trades, Upstox gives you the edge with lower costs and powerful features.

👉 Join Upstox today and start your investing journey with a winning platform!
Click here to open your FREE account now

🔗 Don’t miss out—start smart, trade smarter with Upstox!

Let us now know some of the reason to open an trading and demat account with Upstox:

 

Reason To Open Upstox Demat & Trading Account?

India’s Highest-Rated Stock Market App with 1.3 Cr+ users and growing 🚀

Looking for a powerful and feature-rich trading platform? Whether you’re a pro trader or a long-term investor, Upstox offers everything you need in one place.

🔁 Modes for Every Type of User

🧠 1. Upstox PRO – For Active Traders

Trade in F&O, Currency, Commodity, and Equity with advanced tools and insights:

🔍 Discover Trades with Ease:

• Option Chain Tool with customizable Greeks, Max Pain, PCR & more
• Smartlists: Top Traded, OI Gainers/Losers, Most Active
• Futures Heatmap: Visualize market trends
• Ready-Made Option Strategies built right into the app
• Currency & Commodity Futures in one platform

📊 Advanced Trade Analysis:

• TradingView + ChartIQ integration with 100+ indicators
• In-depth Open Interest (OI) analysis for indices
• Accurate FII + DII data for smarter decisions

⚙️ Powerful Order Tools:

• Place 20-leg Basket Orders instantly
• Automate risk with GTT + Trailing Stop-Loss
• Margin Pledge: Get up to 90% collateral margin
• 4X Leverage for Equity Delivery
• 5X Intraday Margin on stocks

📈 2. Upstox – For Long-Term Investors

Invest in Stocks, Mutual Funds, ETFs, IPOs, Bonds & more

📌 Stock Investing:

• Browse 5,000+ stocks with curated lists (Top Gainers, Movers, Sector-based)
• Fundamentals: PE ratio, dividend yield, analyst ratings
• Stock SIPs & 365-day limit orders
• 6-point checklist for better decisions
• Easy intraday and delivery trading

📊 Mutual Funds & ETFs:

• 15+ Mutual Fund categories, SIPs from ₹100
• Save more with Direct Plans
• Built-in SIP Return Calculators
• Smart ETF tracking: error, liquidity & more

🪙 Gold & Govt-Backed Investments:

• Sovereign Gold Bonds: 2.5% interest + tax-free maturity
• Access to T-Bills, SDLs, Fixed Income Bonds & NCDs

🚀 IPOs:

• Pre-apply for upcoming IPOs
• Track recently listed IPOs
• Easy UPI payments (GPay, BHIM, etc.)

 

💼 What Makes Upstox the Best Choice?

• ✅ Limited Time Free Account Opening – Zero AMC, online KYC
• ✅ ₹0 Brokerage on Mutual Funds, IPOs, Gold Bonds
• ✅ Flat ₹20/order on Equity, F&O, Currency & Commodity
• ✅ Access to UpLearn – Learn strategies, trading & more
• ✅ Invest in P2P Lending & Fixed Deposits
• ✅ Tools for every level – from beginner to pro

 

🏁 Ready to Get Started?

🎯 Open Your Free Demat + Trading Account in Just 5 Minutes!

✅ 100% Online | ⏱ Quick Setup | 💰 ₹0 Opening Fee

 

Now, let us go dive deep to cover all different services and features of Fyers and Upstox step by step and see who is best between Upstox and Fyers by doing in-depth analysis.

 

About Fyers Vs Upstox:

Let us start by knowing about both the stock brokers in brief.

Established in Aug, 2015 fyers is a discount broker co-founded by Tejas Khoday, who is also the CEO of the company. Tejas khoday, does have an interesting background before founding the fyers. He has worked with Zerodha, a leading discount broker in India in 2011.

Of-course he has worked with several other companies after that and also as an investment advisor, managing portfolios and advising clients on various investment.

Fyers is registered at SEBI by Fyers Securities Pvt Ltd, headquartered in Bangalore and member of all three major exchanges, NSE, BSE, MCX in India.

As of today fyers have more than 500,000 + clients and more than Rs. 5000 Cr. Daily turnover across NSE, BSE & MCX within a span of just 6.9 years of launch.

Many say they will be going to give tough competition to zerodha in future looking at their growth and technological advancement in tools and resources.

After experiencing their services I have no doubt about the bright future of this company at all.

 

 

RKSV Securities later changed to Upstox was founded in 2011, it was founded by Ravi Kumar, Raghu Kumar and Shrinivas Viswanath. RKSV stands for the initials of their names (RK for Ravi and Raghu Kumar and SV for Shrinivas Viswanath) later in 2016 the name has been changed to Upstox.

Upstox is backed by none other than Ratan Tata, Kalaari Capital, GVK Davixa and Tiger Global, recently they have announced building technology and platform to trade in US markets as well by next year. Upstox is a SEBI registered discount broker and member of NSE, BSE, MCX.

You can trade and invest in different segments such as Equity, Derivatives, Commodity, Currency Futures, Mutual Funds, IPOs. They are depository participant (DP) for both NSDL and CDSL.

As I have already told you they have more than 6.8.million active client base and total client is near about 9+ million which makes them one of the reliable and best brokers for both trades and investors.

There office is registered at New Delhi and also has a correspondence office in Mumbai.

Recently Upstox have announced building technology and platform to trade in US markets as well.

 

Fyers Vs Upstox Brokerages Comparison:

Brokerage is the most important factor when you trade and invest, both upstox and Fyers have quite low brokerages.

Let us first know about the brokerage of upstox,

What they mean is, suppose you bought stock xyz priced at Rs.100, quantity 100 on intraday basis,

so the total turnover would be bought 100, sold 100(100*200)=  20,000 on this amount they will charge either whichever amount is lower as 0.05% of 20000, is Rs.10 so they will charge that instead of flat Rs.20.

Moreover for investing in mutual funds there are no brokerage or commission is charged at upstox at all.

Let us now move on check the brokerage at Fyers.

Fyers charge no brokerage for equity delivery based trades as well as zero charges for any investment in pre-build portfolios which is called as thematic investing at fyers.

Whereas for intraday trades across equity, currency futures, commodity futures, it is Rs.20 or 0.03%(whichever is lower).

What they mean is, suppose you bought stock xyz priced at Rs.100, quantity 100 on intraday basis,

so the total turnover would be bought 100, sold 100(100*200)=  20,000 on this amount they will charge either whichever amount is lower as 0.03% of 20000, is Rs.6 so they will charge that instead of flat Rs.20.

Overall the brokerage charges at Fyers and upstox are quite low and decent, still fyers are still charging little lower as they charging 0.03% whereas upstox is charging 0.05%.

 

Fyers Vs Upstox Trading and Demat Account Opening Charges:

The account opening charges at upstox 

Demat and Trading account – Rs 149

Keep in mind this charges are only a one time fee for opening the account

There will be a monthly maintenance charge of Rs 25 (excluding GST), which will be charged at the end of year.

However, for a limited time you can

🎯 Open Your Free Demat + Trading Account in Just 5 Minutes!

✅ 100% Online | ⏱ Quick Setup | 💰 ₹0 Opening Fee

 

If we talk about Fyers:

Account Opening charge for fyers is Rs.400 

However AMC (annual maintenance charges) of ₹ 300 + GST will be levied per annum.

This amount will be debited from your Trading Account Ledger on a quarterly basis. Each quarter, an amount of ₹75 + GST (₹88.5) will be debited from your FYERS account.

 

Fyers Vs Upstox Account Opening Process Online:

The account opening process is online and it’s very seamless and smooth. Here is what you need to do:

To open an account with Upstox online, you can sign up using your mobile number

Similarly, To open an A/c online with Fyers go to their website and first enter your mobile number.

You will receive an OTP to your number and you can get started with the process.

You will be required to enter your PAN, Bank account details and personal details to continue with the sign-up.

Once you sign up you need to upload certain documents listed below:

1. Your PAN card

2. Your Aadhaar

3. To complete the e Sign process, you will have to authenticate it with an OTP. So, make sure you have the number linked to your Aadhaar handy. If not, you will not be able to complete the process. If the number linked to your Aadhaar is inactive, or if you don’t have any number linked, then you can visit your nearest Aadhaar Seva Kendra to get it updated.

4. A photo or scanned copy of your signature proof will be required to be uploaded.

6. Income proof –
It is mandatory to submit income proof if you wish to trade in Futures and options – Equity, Commodity, and Currency.  You can submit one of the below documents.

1. Form-16
2. Income tax returns acknowledgment
3. 6-month Bank statement
4. Latest salary slip
5. Demat holding statement, or
6. A CA certifying your net worth

Note: The documents mentioned are for a Resident Individual Account.

 

 

 

Fyers Vs Upstox Trading Platform Comparison:

The most important part of any trading platform is the tools and resources it has to technical analysis. Fyers and Upstox both has all the indicators and types of chart required to make it possible.

 

 

Whether you want to use:

MACD indicator

Bollinger Bands indicator

RSI indicator

Volume Indicator

Support and Resistance indicator

Different Candlestick patterns etc. you name the indicator and it will be there, so all in all Fyers and Upstox  has everything what is needed for a hassle-free trading platform. You can add- withdraw funds directly, create or back-test trading strategies and lot more.

The reason I am not involving all the features of different trading platform, because unnecessary post will be long, however you can read them in detail if you want here for Upstox trading platform for Fyers trading platform.

Having said that Upstox trading platform offers much better user interface as well as they have many other services integrated within the platform such as Sensibull, small case, Tickertape etc.

Whereas Fyers have one of the best trading platforms for traders and investors in India, you can easily do technical and fundamental analysis.

Having said that they do not have signed up as of now with any third party services as in case of upstox, still they have their own thematic investing platform very much similar to Smallcase.

Overall, if you see Both have great tools and resources equipped in trading terminals for their users.

 

My Opinion On Fyers Vs Upstox:

I hope you have now thoroughly understood most of the services offered by Fyers and Upstox,  if you ask me in Fyers Vs Upstox who is better?

Upstox is better option as an stockbroker in comparison to Fyers as it has made its place in the Indian stock broker industry with their fast and efficient trading platforms, sophisticated charting software’s combined with speed and reliability as well ease of opening the account online paperless.

The charges and brokerages are very much reasonable in comparison to Fyers, if you are thinking of opening a trading/demat/mutual fund combined account, than do not put any second thought.

If I have to rate upstox overall as an leading discount broker I will give it 9.4 out of 10

Whereas if we talk about Fyers, expressing my opinion in terms of all technological tools, advanced platforms, robust management, margin brokerage:

I would rate Fyers 8.5 out of 10.

A company which is just 6+ years old, have made itself a brand within this period. There are more than 300 stockbrokers in India which are working from so long, but Fyers has created its own place.

This a significant example of how a startup should work.

Upstox is the best choice as it is no longer just a low-cost broker—it’s evolved into a smart, trader-focused ecosystem. Whether you’re a beginner, swing trader, or options expert, it offers tools that grow with you.

If you’re tired of minimal tools or outdated workflows, Upstox gives you the perfect edge in the fast-moving world of Indian stock markets.

Upstox is much better than fyers If we do a overall comparison of various charges, features hence I would advise anyone to go with upstox and avoid fyers any day.

and if you’re serious about trading—especially in derivatives, intraday, or using market tools—Upstox is clearly the better platform.

It offers a perfect balance of affordability, functionality, and professional-grade tools that fyers lacks.

So, if you are more of a trader making intraday trades on daily basis and looking for investing and trading in other segments than you should go with Upstox without any doubt.

👉 Ready to switch or start fresh? Click here to open your free Upstox account now and experience the next generation of trading!

🎯 Open Your Free Demat + Trading Account in Just 5 Minutes!

✅ 100% Online | ⏱ Quick Setup | 💰 ₹0 Opening Fee

 

 

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Here is the list of things as a beginner you should know, if you are thinking for doing intraday trading.

A brief understanding of

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Learn about the basics of candlestick chart patterns and how to use them for intraday trading and investing. You should also learn about the best moving averages to use for better trading result.

Checkout Mastering Intraday Trading: A Beginner’s Guide to Profitable Strategies in the Indian Stock Market

If you are a beginner in trading and investing, please read this amazing guide on How stock market works in India?

Learn the basics of option trading step by step here.

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If, you have liked the content please do share it with your friends or on social media, as sharing do bring the good karma. If you have any questions or feedback you can leave them in comment box below.

Note: Please do your own research and make investment. Moneycontain will not be responsible for any of your losses at all. The point made is for educational purpose only and intended to give information. All investments are subject to risks, which should be considered prior to making any investments.