Upstox⭐ 9.2/10
Fyers⭐ 9.4/10Upstox vs Fyers Comparison
Compare brokerage charges, trading platforms, technical features, pros, cons, and account opening times to see which Demat account is best for you.
Upstox vs Fyers: Too Close to Call
Upstox (rated 9.2) and Fyers (rated 9.4) are highly competitive. If you want to minimize upfront charges, choose Upstox (pricing is Free vs Free). If you prefer a platform built for technical charting, choose Upstox.
📊 Charges & Pricing Comparison
| Fee / Segment | Upstox | Fyers |
|---|---|---|
| Account Opening Fee | Free | Free |
| Account AMC (Annual) | Rs 150 / year | Free |
| Equity Delivery | Rs 20 or 0.1% | Rs 0 |
| Intraday Brokerage | Rs 20 or 0.05% | Rs 20 or 0.03% |
| Futures & Options | Rs 20 per order | Rs 20 per order |
| Commodity Trading | Rs 20 per order | Rs 20 per order |
| Other / DP Charges | Standard DP charges | DP charges apply |
| Account Opening Time | 10 Minutes | 15 Minutes |
💻 Trading Tools & Platforms
| Platform Feature | Upstox | Fyers |
|---|---|---|
| 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. |
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
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
❓ FAQs: Upstox vs Fyers
Which is cheaper between Upstox and Fyers?
Upstox charges Rs 20 or 0.1% for delivery trades and Rs 20 or 0.05% for intraday, with an AMC of Rs 150 / year. Meanwhile, Fyers charges Rs 0 for delivery and Rs 20 or 0.03% for intraday, with an AMC of Free. In terms of onboarding costs, Upstox is Free compared to Fyers's Free.
Who has a better mobile app: Upstox or Fyers?
Upstox's mobile app offers: "Highly rated mobile app available on iOS and Android with biometric login.". In comparison, Fyers'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 Upstox safer to use than Fyers?
Both Upstox and Fyers are SEBI-registered brokers regulated in India, meaning your shares are safely held with central government-backed depositories (NSDL/CDSL). However, Upstox has a rating of 9.2/10, reflecting their complaint ratio and client size, while Fyers has a rating of 9.4/10.