Fyers vs Upstox Comparison: 2024

About Fyers

Fyers Securities is a team of young, enthusiastic business people with over 10 years of trading and security industry experience. They are also associated with IL&FS Securities Services Limited for their demat account services and mutual fund services.

One interesting fact about this stock broker is that it pioneered a new method in investing stock called ‘Themed Investment’ providing the ability to invest in similar category of stocks. The closest similar practice would be with Exchange Traded Funds (ETFs).  However, Thematic Investment offers more flexibility than ETFs, because the companies to invest in a particular theme are identified by the broker, even the community sometimes.

Fyers : Overview

Based out of Bangalore, Karnataka, Fyers was launched in 2015, and in this limited time period, it has become one of the popular discount brokers in India. Found by Tejas Khoday, Shreyas Khodey & Yashas Khodey, FYERS is basically an acronym for ‘Focus Your

About Upstox

Upstox, another name to be included in the list of fastest growing discount brokers in India. We wonder, how much longer the list of stock brokers in India will eventually get. Every other day you hear a lot of new entrants, or existing players modifying their strategies to survive and succeed in the stock broking world.

Uptstox, formerly known as RKSV Securites, is one of the biggest discount brokers in India, funded by the likes of  Ratan Tata, Kalaari Capital and GVK Davix, making the firm a dependable and safe broker for all of your investment and trading needs. Based out of Mumbai, Upstox is a wide-range broker. This stock broking platform offers a huge range of trading products and services.

Using Upstox has huge advantages, especially for traders, given its plans and cheap brokerage despite volume. Also, Upstox also offers one of the quickest trading terminals, which, any trader could tell

Fyers vs Upstox Account Opening Charges: 2024

ChargeFyersUpstox
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹400 ₹249
Trading Account AMC₹0₹0
Demat Account AMC₹300 ₹300 per year (paid monthly)

Fyers vs Upstox Brokerage Charges and Plans : 2024

ChargeFyersUpstox
Plan NameFlat Fee PlanBasic
Equity Delivery₹0₹0 (FREE)
Equity Intraday₹20 per executed order or 0.03% whichever is less₹20 per trade or 0.05% (whichever is lower)
Equity Futures₹20 per executed order or 0.03% whichever is less₹20 per trade or 0.05% (whichever is lower)
Equity Options₹20 per executed order₹20 per trade or 0.05% (whichever is lower)
Currency Futures₹20 per executed order or 0.03% whichever is less₹20 per trade or 0.05% (whichever is lower)
Currency Options₹20 per executed order₹20 per trade or 0.05% (whichever is lower)
Commodity OptionsFutures: ₹20 per executed order or 0.03% whichever is less, Options: ₹20 per executed order₹20 per trade or 0.05% (whichever is lower)
Mutual FundN/AN/A

Fyers vs Upstox Margin / Exposure: 2024

SegmentFyersUpstox
Equity Delivery1x1x (no margin)
Equity IntradayUpto 5xBasic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x
Equity FutureUpto 4xBasic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x
Equity OptionsUpto 5xBasic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x
Currency FutureUpto 3xBasic:4x | Priority:4x | Basic CO:4x | Priority CO:5x
Currency OptionsUpto 3xBasic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x
Commodity FutureUpto 3xBasic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x
Commodity OptionsUpto 3xN/A

Fyers vs Upstox Currency Charges and Plans: 2024

Fyers charge ₹20 per executed order or 0.03% whichever is less for Currency Futures and ₹20 per executed order for Currency Options whereas Upstox Charges ₹20 per trade or 0.05% (whichever is lower) for Currency futures and ₹20 per trade or 0.05% (whichever is lower) for Currency options.

Fyers vs Upstox Commodity Charges and Plans: 2024

Fyers charge Futures: ₹20 per executed order or 0.03% whichever is less, Options: ₹20 per executed order for commodity and Upstox charge ₹20 per trade or 0.05% (whichever is lower) for commodity.
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