Fyers⭐ 9.4/10
Upstox⭐ 9.2/10Fyers vs Upstox Comparison
Compare brokerage charges, trading platforms, technical features, pros, cons, and account opening times to see which Demat account is best for you.
Fyers vs Upstox: Too Close to Call
Fyers (rated 9.4) and Upstox (rated 9.2) are highly competitive. If you want to minimize upfront charges, choose Fyers (pricing is Free vs Free). If you prefer a platform built for technical charting, choose Fyers.
📊 Charges & Pricing Comparison
| Fee / Segment | Fyers | Upstox |
|---|---|---|
| Account Opening Fee | Free | Free |
| Account AMC (Annual) | Free | Rs 150 / year |
| Equity Delivery | Rs 0 | Rs 20 or 0.1% |
| Intraday Brokerage | Rs 20 or 0.03% | Rs 20 or 0.05% |
| Futures & Options | Rs 20 per order | Rs 20 per order |
| Commodity Trading | Rs 20 per order | Rs 20 per order |
| Other / DP Charges | DP charges apply | Standard DP charges |
| Account Opening Time | 15 Minutes | 10 Minutes |
💻 Trading Tools & Platforms
| Platform Feature | Fyers | Upstox |
|---|---|---|
| Margin Trading (MTF) | ✅ Available | ✅ Available |
| Advisory & Tips | ❌ No | ❌ No |
| Trading API Access | ✅ Free API | ✅ Free API |
| Advanced Charts | ✅ Yes | ✅ Yes |
| Web Interface | Modern, fast, browser-based trading platform with TradingView charts. | Modern, fast, browser-based trading platform with TradingView charts. |
| Mobile Trading App | Highly rated mobile app available on iOS and Android with biometric login. | Highly rated mobile app available on iOS and Android with biometric login. |
Fyers Pros & Cons
Pros
- ✅ Excellent TradingView integration (Fyers Web)
- ✅ Free API
- ✅ Thematic investing included
Cons
- ❌ No mutual fund SIPs integrated natively
- ❌ Smaller community vs Zerodha
Upstox Pros & Cons
Pros
- ✅ Backing of top investors
- ✅ Fast order execution
- ✅ Pro and Invest modes in app
Cons
- ❌ Customer support can be slow
- ❌ Delivery is not completely free
❓ FAQs: Fyers vs Upstox
Which is cheaper between Fyers and Upstox?
Fyers charges Rs 0 for delivery trades and Rs 20 or 0.03% for intraday, with an AMC of Free. Meanwhile, Upstox charges Rs 20 or 0.1% for delivery and Rs 20 or 0.05% for intraday, with an AMC of Rs 150 / year. In terms of onboarding costs, Fyers is Free compared to Upstox's Free.
Who has a better mobile app: Fyers or Upstox?
Fyers's mobile app offers: "Highly rated mobile app available on iOS and Android with biometric login.". In comparison, Upstox's mobile app offers: "Highly rated mobile app available on iOS and Android with biometric login.". If you require advanced charting tools directly on your phone, both platforms support TradingView integrations but execution layouts vary.
Is Fyers safer to use than Upstox?
Both Fyers and Upstox are SEBI-registered brokers regulated in India, meaning your shares are safely held with central government-backed depositories (NSDL/CDSL). However, Fyers has a rating of 9.4/10, reflecting their complaint ratio and client size, while Upstox has a rating of 9.2/10.