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Upstox Vs Fyers – Indian Share Brokers Comparison
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Upstox Vs Fyers
Here is a point by point comparison of Upstox Vs Fyers.
FYERS is a discount broker launched recently in April 2015. It stands for “Focus Your Energy & Reform the Self” and is known for its advanced trading platforms with different unique features. On the other hand, RKSV (or Upstox) is a discount broker as well launched by 3 co-founders in 2012. Today, Upstox does a daily turnover of ₹5000 Crore with a customer base of around 20,000. The firm has been backed up by some of the prominent names such as Ratan Tata, Kalaari Capital and GVK Davix.
It can become very difficult to decide between two discount brokers who are almost similar in their propositions but still are different in areas that can make or break for customers. Thus, to make things easy for you, we have listed out the comparison between Upstox Vs Fyers to help you find which of the two suits your needs better. The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
Generally, above mentioned aspects are good enough to make a decision based on your preferences, but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stockbroking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
 |  | |
| Fyers Review | Upstox Review | |
| OVERVIEW | ||
| Broker Type | Discount Broker | Discount Broker |
| Incorporated In the Year | 2015 | 2012 |
| Number of branches across India | 1 | 3 |
| Exchanges | BSE, NSE | NSE, BSE, MCX and MCX – SX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹150 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹400 | ₹150 |
| Transaction Charges | Fyers Transaction Charges | Upstox Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹20 per executed order | ₹0 |
| Intraday Delivery | ₹20 per executed order | ₹20 per executed order |
| Equity Futures | ₹20 per executed order | ₹20 per executed order |
| Equity Options | ₹20 per executed order | ₹20 per executed order |
| Currency Futures | ₹20 per executed order | ₹20 per executed order |
| Currency Options | ₹20 per executed order | ₹20 per executed order |
| Commodity | NA | ₹20 per executed order |
| Brokerage Calculator | Fyers Brokerage Calculator | Upstox Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 15 times for Intraday, 3 to 5 times for Delivery | Upto 20 times Intraday |
| Equity Futures | Upto 5 times | Upto 4 times for Intraday |
| Equity Options | Upto 5 times | Upto 4 times for Intraday |
| Currency Futures | Upto 5 times | Upto 4 times for Intraday |
| Currency Options | Upto 5 times | Upto 4 times for Intraday |
| Commodities | NA | Upto 3 times for Intraday |
| RESEARCH | ||
| Daily Market Reports |  | |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts |  | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | FYERS One, FYERS Markets, FYERS Web Trader | NEST, Upstox, Upstox Pro |
| Total BSE+NSE Complaints %age | 0.06% | 0.12% |
| OVERALL RATING |  |  |
Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with Upstox Vs Fyers for the benefits of other readers. Please feel free to share in the comments below. Your experiences can work as learning for others.
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Date
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Upstox Vs Fyers
Overall Rating
