Upstox Vs Fyers – Comparison | Which Discount Broker is Better For Traders & Investor

Upstox Vs Fyers – Comparison

Upstox Vs Fyers – Both of these are famous broking companies in the share market. They provide all the trading and investment-related services. A clear comparison of Upstox vs Fyers can lead you to a better option.

Upstox started as a stockbroker in the year 2009 with backend support from notable and renowned stock traders like Ratan Tata, GVK Davix and Capital Kalaari and is a member of BSE, NSE, MCX and MCX-SX and lets one trade in Equity, Futures, Options, Currency and Commodity.

FYERS (Focus Your Energy & Reform the Self) started their journey after a few years, post they realized that there was a big gap between what traders or investors want and what brokers actually offer them. In the year 2015, they started as an online discount brokerage industry.

Today they are a team of 100, catering to over 30,000 customers. They launched their in-house trading platforms in the year 2016 with the intention to change the process of trading.

Comparison of Organisational Overview: 

Established in the year 2009, with a vision to explore how trading can be made easier and cheaper, Upstox was formed.

Going forward, the company became the first in its kind to introduce unlimited plans for trading with a fixed price with a traded turnover that hit 4000 Cr. at NSE in February 2016.

A discount broker, headquartered in Mumbai and founded by Raghu Kumar, Ravi Kumar and Shrinivas Vishvanath.

Fyers is a discount broker based at in Bangalore and was started by 3 partners Tejas Khoday, Shreyas Khodey & Yashas Khodey.

Upstox Vs Fyers Customer Ratings: 

When we compare Upstox and Fyers, it can be very well noticed that Fyers have marginal low points in customer rating parameter, except their products and services are good along with stock reaches and an advisory is quite better than Upstox

However, we see that Star Ratings are the same for both.

Upstox Vs Fyers AMC & AOC: 

For AMC & AOC of Upstox vs Fyers, we find that Fyers is providing free account, while Upstox charges an amount of Rs.150. Also, in the case of DEMAT AMC Charges, Fyers is charging double the amount charged by Upstox.

Upstox Vs Fyers Brokerage Charge: 

Brokerage is an integral part of this industry. The table below is pretty clear that Upstox has a policy of fixed charge, while Fyers charges on the basis of percentage. It is also noticeable that Upstox and Fyers both does not charge any amount on Equity Delivery Trading.

Comparison of Other Charges: 

The charges are exactly the same for both Upstox and Fyers. We have compared both the brokers here below based on the other charges: 

Comparison of Offers & Discount: 

The table below shows that Upstox gives leverage for getting a free Trading Account and discounts on Brokerage, whereas Fyers provides a free DEMAT Account, A Free Trading Account as well as Discount on Brokerage.

Comparison on Services Offered: 

In terms of services, both provide equal services, except Upstox provides an additional service of Robotic Advisory. Here below we have compared Upstox vs Fyers based on their service offering:

Upstox Vs Fyers Research & Advisory: 

As we know, for growth and performance, researches and advice with proper reporting play a critical role which leads to a systematic workflow. It’s astonishing to see, Upstox doesn’t have any such activities, and Fyers provides only Free Stock Tips.

Upstox Vs Fyers Margin / Exposure/ Leverage

A clear and simple table below itself is self-explanatory with a clear view of the mix and match of the leverage system by Upstox and Fyers.

Comparison of Products: 

The Comparative table below shows that Fyers has more product range than Upstox. These products can make your trading easier and comfortable.

Upstox Vs Fyers Trading Platform: 

With the rapid grown in technology, being techie while using the best Trading Platform is the most important aspect and art of doing business in terms of profitability as well as customer experience. The table below has a clear picture that Upstox uses technology more than Fyers. The only thing common is, none of them uses mobile App technology at this mobile age.

Upstox Vs Fyers Customer Support: 

In the present world, better customer support, better will be customer satisfaction along with customer retention and in turn better business. The below table shows, both Upstox and Fyers share the same customer support parameters.

Upstox Vs Fyers Complaints Handled: 

We can clearly find that the total number of complaints of Fyers is almost one third than that of Upstox in both BSE and NSE.

Account Opening Request Contact Broker

Upstox Call back Request

Fyers Call back Request

Conclusion: 

If we do an assessment from all the discussions above, we can conclude that both Upstox and Fyers have their own pros and cons but one thing to be noted is that even by not using fewer technology tools, Fyers have lesser complaints in both BSE and NSE and the resolution rate is very high.

But again, choosing Upstox or Fyers, completely depends on the individual with their exact need.