FYERS Securities vs Upstox

A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.

FYERS Securities
FYERS Securities
Discount Broker · since 2015
VS
Upstox
Discount Broker · since 2009
Upstox

FYERS Securities vs Upstox — quick verdict

Choose FYERS Securities if

You want low-cost, self-directed trading

Built for Those Who Are Born to Trade.

Choose Upstox if

You want low-cost, self-directed trading

Modern discount broker offering fast trading platforms, flat brokerage and investment products for traders and investors.

Company overview

FYERS Securities is a discount broker incorporated in 2015; Upstox is a discount broker incorporated in 2009.

ParameterFYERS SecuritiesUpstox
Type of broker Discount Broker Discount Broker
Exchange membership NSE · BSE · MCX —
Year of incorporation 2015 2009 older
Number of branches 98+ Online-first broker
Active clients 10 Lakh+ 30+ lakh (approx.) larger

Charges & AMC

Account-opening and maintenance charges for FYERS Securities and Upstox compared side by side.

ParameterFYERS SecuritiesUpstox
Trading a/c opening ₹0 ₹0 (Online)
Trading a/c AMC ₹0 ₹0 (First Year)*
Demat a/c opening ₹0 ₹0
Demat a/c AMC ₹0 lower ₹300 + GST/year (applicable after promotional period for eligible accounts)
DP charges (per ISIN, sell) ₹12.5 + GST per ISIN on sell transactions lower ₹20 per scrip per day (on sell transactions)

Brokerage charges

How FYERS Securities and Upstox price each trading segment, per executed order.

ParameterFYERS SecuritiesUpstox
Equity Delivery ₹0 (Free) ₹20 per executed order
Equity Intraday ₹20 or 0.03% per executed order (whichever is lower) ₹20 or 0.1% (whichever is lower)
Equity Futures ₹20 or 0.03% per executed order (whichever is lower) ₹20 or 0.05% (whichever is lower)
Equity Options ₹20 per executed order Flat ₹20 per executed order
Currency F&O ₹20 or 0.03% per executed order (whichever is lower) ₹20 or 0.05% (whichever is lower)
Commodity F&O ₹20 or 0.03% per executed order (whichever is lower) ₹20 or 0.05% (whichever is lower)
Call & Trade ₹50 per executed order ₹75 + GST per order

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by FYERS Securities and Upstox, per segment.

ParameterFYERS SecuritiesUpstox
Equity Delivery NSE: 0.00297% • BSE: 0.00375% NSE: 0.00307% (BSE as applicable)
Equity Intraday NSE: 0.00297% • BSE: 0.00375% NSE: 0.00307%
Equity Futures NSE: 0.00173% NSE: 0.00183%
Equity Options NSE: 0.03503% (on premium) NSE: 0.03553% (Premium)
Currency Futures NSE: 0.00035% As per exchange
Currency Options NSE: 0.03110% (on premium) —
Commodity Futures MCX: 0.00210% —
Commodity Options MCX: 0.04180% (on premium) —
Commodity — As per exchange

Demat & DP charges

Depository (demat) charges for FYERS Securities and Upstox — AMC, debit transactions, pledging and remat.

ParameterFYERS SecuritiesUpstox
Demat Account Opening ₹0 ₹0
Annual Maintenance Charges (AMC) ₹0 —
Debit Transaction Charges ₹12.5 + GST per ISIN on sell transactions —
Pledge / Unpledge Charges ₹12.5 + GST per ISIN —
Dematerialisation (Demat) ₹150 per certificate + GST —
Rematerialisation (Remat) ₹150 per certificate + GST —
Failed Transactions Nil Nil
Demat Account AMC — ₹300 + GST/year*
DP Charge (Sell) — ₹20 per scrip per day
Pledge Creation — ₹20 + GST per request
Rematerialisation — ₹100 per certificate + applicable charges
Off-market Transfer — ₹20 + GST per ISIN

Margin & leverage (MTF)

Intraday and delivery margin / leverage offered by FYERS Securities and Upstox.

ParameterFYERS SecuritiesUpstox
Equity Delivery 100% of trade value (1x) 100% of trade value (1x)
Equity Intraday VAR + ELM Margin (Up to 5x*) Up to 20% of trade value (Up to 5x)
Equity Futures SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (1x)
Equity Options (Buy) Premium Value (Not Applicable) SPAN + Exposure Margin (1x)
Equity Options (Sell) SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (1x)
Currency Futures & Options SPAN + Exposure Margin (As per available margin) —
Commodity Futures & Options SPAN + Exposure Margin (As per available margin) —

Features & account

Account type and feature availability across FYERS Securities and Upstox.

ParameterFYERS SecuritiesUpstox
3-in-1 account ✕ No ✕ No
Automated / API trading ✓ Yes ✓ Yes
Margin Trading (MTF) ✓ Yes ✓ Yes
Trading in SME shares ✕ No ✓ Yes better
Trading platforms FYERS Web, FYERS Mobile App, FYERS One Upstox Pro Web, Upstox Mobile App, Upstox Developer API
Intraday square-off 3:15 PM 3:15 PM
Other TradingView Charts, Free Trading API, Algo Trading, Option Chain, Basket Orders, Market Scanner, Advanced Charting, Price Alerts, eDIS, Margin Trading Facility (MTF) GTT Orders, API Trading, Margin Trading Facility (MTF), IPO, Mutual Funds, Option Chain, Advanced Charts, Basket Orders, etc.

Trading platforms & apps

Trading terminals, web platforms and mobile apps offered by FYERS Securities and Upstox.

ParameterFYERS SecuritiesUpstox
Trading platforms offered FYERS Web, FYERS Mobile App, FYERS One Upstox Pro Web, Upstox Mobile App, Upstox Developer API, Upstox Developer Console
Number of platforms 3 4 more choice
Platforms (summary) FYERS Web, FYERS Mobile App, FYERS One Upstox Pro Web, Upstox Mobile App, Upstox Developer API
Mobile / desktop apps Web, Mobile, Desktop Web, Android & iOS, API

User ratings

User ratings for FYERS Securities and Upstox across the key parameters.

Rated onFYERS SecuritiesUpstox
Fees 4.9 better 4.4
Brokerage 4.9 better 4.5
Trading platform 4.9 better 4.7
Customer service 4.4 better 4
Research 4.2 better 3.8
Overall 4.7 better 4.4

Investment options

Which investment products FYERS Securities and Upstox let you access.

ParameterFYERS SecuritiesUpstox
Stocks / Equity ✓ Yes ✓ Yes
Commodity ✓ Yes ✓ Yes
IPO ✓ Yes ✓ Yes
Mutual Funds ✓ Yes ✓ Yes
Bonds / NCD ✓ Yes ✓ Yes

Order types offered

Advanced order types supported by FYERS Securities and Upstox.

ParameterFYERS SecuritiesUpstox
Bracket Order ✕ No ✕ No
Cover Order ✕ No ✕ No
BTST ✓ Yes ✓ Yes
After Market (AMO) ✓ Yes ✓ Yes
GTC / GTT ✓ Yes ✓ Yes

Safety & credibility

SEBI registration, financial strength and complaint record for FYERS Securities and Upstox.

ParameterFYERS SecuritiesUpstox
SEBI registration INZ000166137 INZ000185137
NSE member code 12768 13942
Year of incorporation 2015 2009 longer track record
Net worth ₹1,348+ Cr Upstox Securities Pvt. Ltd.
Exchange memberships NSE · BSE · MCX —
Latest complaint ratio 0.002% fewer complaints 0.038%

Complaints record

Exchange complaint data for FYERS Securities and Upstox — the ratio matters more than the raw count.

ParameterFYERS SecuritiesUpstox
Latest financial year 2025–26 2025–26
Exchange NSE NSE
Active clients 10,87,436 32,45,678 larger base
Complaints filed — 1,245
Complaint ratio 0.002% fewer complaints 0.038%

Pros & cons

The main advantages and drawbacks of each broker.

FYERS Securities

▲ Pros

  • ✓ Zero brokerage on Equity Delivery.
  • ✓ TradingView-powered advanced charting.
  • ✓ Free API access for algorithmic trading.
  • ✓ Supports stocks, F&O, commodities, currencies, IPOs, mutual funds, and ETFs.
  • ✓ Fully digital and paperless account opening.
  • ✓ Powerful web and mobile trading platforms with advanced order types.

▼ Cons

  • ✕ No physical branch network comparable to full-service brokers.
  • ✕ Research and advisory services are limited.
  • ✕ Call & Trade service is chargeable.
  • ✕ Margin availability depends on SEBI peak margin regulations.
  • ✕ Beginners may find the advanced trading interface slightly complex.
Upstox

▲ Pros

  • ✓ Flat brokerage model with a maximum brokerage per executed order on eligible segments.
  • ✓ Paperless online Demat and Trading account opening.
  • ✓ Feature-rich web and mobile trading platforms.
  • ✓ Supports investing in Stocks, ETFs, IPOs, Mutual Funds and more.
  • ✓ Margin Trading Facility (MTF) available for eligible stocks.
  • ✓ GTT (Good Till Triggered) order facility.
  • ✓ Developer APIs available for algorithmic trading and third-party integrations.
  • ✓ Supports multiple order types and advanced charting tools.

▼ Cons

  • ✕ Call & Trade service is chargeable.
  • ✕ Physical branch presence is limited compared to traditional full-service brokers.
  • ✕ Some advanced services and pricing depend on the selected account plan.
  • ✕ Certain trading facilities are available only for eligible exchanges or approved securities.
Open FYERS Securities Account Open Upstox Account

Explore more comparisons

Compare FYERS Securities with

FYERS Securities vs Zerodha FYERS Securities vs Angel One FYERS Securities vs Groww FYERS Securities vs ICICI Direct FYERS Securities vs Kotak Neo FYERS Securities vs HDFC Securities FYERS Securities vs SBI Securities FYERS Securities vs Motilal Oswal FYERS Securities vs Paytm Money FYERS Securities vs Mirae Asset Sharekhan FYERS Securities vs Axis Direct FYERS Securities vs 5paisa FYERS Securities vs Choice Broking FYERS Securities vs m.Stock FYERS Securities vs Sahi FYERS Securities vs SMC Global FYERS Securities vs Anand Rathi FYERS Securities vs Jainam Broking Limited

Compare Upstox with

Upstox vs Zerodha Upstox vs Angel One Upstox vs Groww Upstox vs ICICI Direct Upstox vs Kotak Neo Upstox vs HDFC Securities Upstox vs SBI Securities Upstox vs Motilal Oswal Upstox vs Paytm Money Upstox vs Mirae Asset Sharekhan Upstox vs Axis Direct Upstox vs 5paisa Upstox vs Choice Broking Upstox vs m.Stock Upstox vs Sahi Upstox vs SMC Global Upstox vs Anand Rathi Upstox vs Jainam Broking Limited
Disclaimer: Investments in the securities market are subject to market risks; read all related documents carefully before investing. This page is for information only and is not investment advice. Brokerage, AMC and other charges change frequently — always verify against the broker's official website before opening an account. Affiliate disclosure: "Open account" links are affiliate links and we may earn a commission at no extra cost to you; this does not influence our ratings.