Upstox₹20 per order on options · delivery ₹20 per order
- Options brokerage
- ₹20 per order
- Account opening
- ₹0
- Demat AMC
- Free in year 1; then ₹300 + GST a year
Broker comparison
Upstox vs.
FYERS
Which broker fits your needs?
Platforms, products and fees side by side.
Checked on Thu, 5 Nov, 2026
See comparisonUpstox
FYERSVS
Summary
Your goal decides
Both charge ₹20 per options order, and statutory charges such as STT are the same at both, so the choice comes down to delivery charges, AMC, platform and tools. Upstox: Discount broker with a clean app and a pro trading terminal. FYERS: Discount broker with flat ₹20 options pricing, TradingView charts and its own options tools.
UpstoxDiscount broker with a clean app and a pro trading terminal.
FYERSDiscount broker with flat ₹20 options pricing, TradingView charts and its own options tools.
At a glance
The key differences
| Criterion | Upstox | FYERS |
|---|---|---|
| Platforms | Upstox Pro App, Upstox Pro Web | FYERS app and web, TradingView on FYERS, FYERS API |
| Product types | Indian Stocks, F&O, Commodities, Currency, Mutual Funds, IPOs | Indian Stocks, F&O, Commodities |
| Options trading | Yes: NSE and BSE index and stock options | Yes: NSE and BSE index and stock options |
| Fee model | ₹20 per order on options · delivery ₹20 per order | ₹20 per executed order on options · delivery ₹20 or 0.3%, whichever is lower |
| Account opening | ₹0 | ₹0 |
| Demat AMC | Free in year 1; then ₹300 + GST a year | ₹0 |
| Regulation | SEBI INZ000315837 | SEBI INZ000008524 |
| More information | Details | Details |
Platforms
Upstox
Upstox Pro App, Upstox Pro Web
FYERS
FYERS app and web, TradingView on FYERS, FYERS API
Product types
Upstox
Indian Stocks, F&O, Commodities, Currency, Mutual Funds, IPOs
FYERS
Indian Stocks, F&O, Commodities
Options trading
Upstox
Yes: NSE and BSE index and stock options
FYERS
Yes: NSE and BSE index and stock options
Fee model
Upstox
₹20 per order on options · delivery ₹20 per order
FYERS
₹20 per executed order on options · delivery ₹20 or 0.3%, whichever is lower
Account opening
Upstox
₹0
FYERS
₹0
Demat AMC
Upstox
Free in year 1; then ₹300 + GST a year
FYERS
₹0
Regulation
Upstox
SEBI INZ000315837
FYERS
SEBI INZ000008524
Product access and costs depend on market, account and permissions.
Detailed comparison
Comparing fees
Compare total costs, not just the order fee.
UpstoxFYERS₹20 per executed order on options · delivery ₹20 or 0.3%, whichever is lower
- Options brokerage
- ₹20 per executed order
- Account opening
- ₹0
- Demat AMC
- ₹0
The relevant costs depend on market, currency, order size and trading style.
Real costs
What 20 options trades a month cost
Upstox
- Brokerage per order
- ₹20
- All charges, 20 round trips
- ₹1,252
- Per year
- ₹15,027
FYERS
- Brokerage per order
- ₹20
- All charges, 20 round trips
- ₹1,252
- Per year
- ₹15,027
Illustrative: one Nifty lot (65) bought and sold at ₹100, 20 times a month, including STT, exchange charges, SEBI fee, stamp duty and GST. Use your own numbers.
Execution quality
Order type, venue and liquidity affect execution.
UpstoxCheck the provider’s execution policy and available order types for your account.
Provider informationFYERSCheck the provider’s execution policy and available order types for your account.
Provider informationProduct range
UpstoxIndian StocksF&OCommoditiesCurrencyMutual FundsIPOs
FYERSIndian StocksF&OCommodities
Categories come from broker profiles. Check specific markets and permissions before deciding.
Trading platforms
UpstoxUpstox Pro App · Upstox Pro Web
Option chain for stocks and indices such as NIFTY, FINNIFTY and BANK NIFTY, opened from the instrument page. Options strategy builder on the app and web that places up to four orders at a time, so hedged positions can get the exchange margin benefit. GTT (Good Till Triggered) orders. Upstox trading and market data APIs are offered free of cost, with SDKs and sample code.
Explore platformFYERSFYERS app and web, TradingView on FYERS, FYERS API
Discount broker with flat ₹20 options pricing, TradingView charts and its own options tools.
Explore platformRegulation does not prevent market losses. The relevant authority depends on the contracting entity.
Your investor profile
Who might it suit?
UpstoxDiscount broker with a clean app and a pro trading terminal.
- Simple flat pricing
- Pro terminal for active traders
- Delivery trades cost ₹20 each
- AMC after the first year
FYERSDiscount broker with flat ₹20 options pricing, TradingView charts and its own options tools.
- No AMC on the trading and demat account
- Strategy builder and option chain on its own platform
- Delivery trades are not free
- An optional paid Prime membership changes the per-order rate
Your questions
Frequently asked questions
Is Upstox or FYERS cheaper for options trading?
Both charge ₹20 per options order. STT and other statutory charges are the same at every broker; differences are in delivery charges, AMC and tools.
Are Upstox and FYERS regulated?
Both are SEBI-registered stock brokers and members of NSE and BSE.
Can I have accounts with both Upstox and FYERS?
Yes. You can hold demat and trading accounts with more than one broker; each charges its own AMC.
Does the broker change STT or exchange charges?
No. STT (0.15% of premium on the sell side), exchange charges, the SEBI fee and stamp duty are the same at every broker. Only brokerage and account charges differ.
Your next step
Your next step
UpstoxDiscount broker with a clean app and a pro trading terminal.
Open accountRead reviewFYERSDiscount broker with flat ₹20 options pricing, TradingView charts and its own options tools.
Open account