Fyers vs Upstox
How Fyers and Upstox compare on brokerage, demat AMC and DP charges — verified as of Jun 2026.
By NexMaxo Editorial Team · Charges verified Jun 2026
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Quick take
Fyers charges ₹20 or 0.3%, lower and Upstox charges ₹20 per order on delivery — so intraday/F&O fees, the DP charge and AMC decide it.
Fyers — active, chart-focused traders who want tradingview-grade charting and free apis; less ideal for buy-and-hold delivery.
Upstox — active intraday/f&o traders who want a fast modern app and api, and don't mind ₹20 flat on delivery.
Charges side by side
| FyersOpen | UpstoxOpen | |
|---|---|---|
| Equity delivery | ₹20 or 0.3%, lower | ₹20 per order |
| Intraday | ₹20 or 0.03%, lower | ₹20 or 0.1%, lower |
| DP sell / scrip | ₹14.75 | ₹23.6 |
| Account opening | ₹0 | ₹0 |
| Demat AMC | ₹0 (currently free | ₹0 first year, then ₹300 + GST (₹354)/yr |
| Type | Discount | Discount |
Standard published equity plans, verified Jun 2026. Statutory STT, exchange, SEBI, stamp duty & GST are identical across brokers.
Fyers
- Free account opening and ₹0 demat AMC (currently), with no charge on MF and IPO investments
- TradingView-native charting on Fyers Web plus FYERS One desktop terminal and Insta Options
- Free, well-documented trading API and FYERS Automate for rule-based/algo strategies (no API subscription fee)
- Equity delivery is no longer free — ₹20 or 0.3% (lower) since 1 Oct 2024, so small delivery trades pay 0.3%
- Call & Trade costs ₹50 + GST per order — among the highest of the discount brokers
Upstox
- Flat, predictable pricing: ₹20 per order on delivery, ₹20-or-0.1%-lower intraday, ₹20 flat on options
- Fast, modern Upstox Pro platform with TradingView charts plus a well-documented trading/developer API
- Free account opening and zero AMC in the first year; large, established Tiger Global-backed broker
- Equity delivery is NOT free — ₹20 per executed order, unlike Zerodha/Dhan-style zero-delivery brokers
- Demat AMC of ₹300/yr + GST from the second year (non-BSDA)
Fyers vs Upstox — FAQs
Fyers charges ₹20 or 0.3%, lower and Upstox charges ₹20 per order on delivery — so intraday/F&O fees, the DP charge and AMC decide it. On intraday, Fyers charges ₹20 or 0.03%, lower and Upstox ₹20 or 0.1%, lower. The DP sell charge is ₹14.75 (Fyers) vs ₹23.6 (Upstox). Statutory charges are identical across brokers.
Fyers is a discount broker — active, chart-focused traders who want tradingview-grade charting and free apis; less ideal for buy-and-hold delivery. Upstox is a discount broker — active intraday/f&o traders who want a fast modern app and api, and don't mind ₹20 flat on delivery.
Either works to start. Look at the demat AMC (Fyers: ₹0 (currently free; Upstox: ₹0 first year, then ₹300 + GST (₹354)/yr), whether delivery is free, and which app you find simpler. Both hold your shares safely with CDSL/NSDL. This is information, not advice.
This is an informational comparison of published charges, not investment advice. Brokers change pricing and run promotions — confirm current rates on each broker's official charges page before opening. Investing carries market risk.