Broker comparison

Upstox vs Fyers (2026): Brokerage, API, AMC & Execution Compared

Q: Upstox vs Fyers: which has lower delivery brokerage?

At our last review, Upstox published delivery brokerage as "₹20 per order (flat)" and Fyers as "₹20 or 0.3% per order (whichever is lower)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.

Q: Does Upstox or Fyers have a trading API?

Both have documented APIs at review time: Upstox (Upstox API), Fyers (Fyers API). Compare pricing and rate limits on each broker's developer page.

Q: Which is faster — Upstox or Fyers?

Upstox publishes ≈ 135 ms (median); Fyers publishes p99 < 7 ms (processing, self-reported). Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.

Q: Is Upstox cheaper than Fyers?

On our four example trades (intraday, delivery, options and futures), Upstox is cheaper on 0, Fyers on 0, and 4 are tied. Statutory charges are identical, so any difference comes from brokerage.

Q: Are these comparisons independent?

Yes. Indian Broker Test is not affiliated with, sponsored by, or endorsed by any broker. Rankings and comparisons use only published official data; gaps are shown as Not Disclosed.

Side-by-side comparison of Upstox and Fyers from published official pricing and features — no affiliation with either broker.

By the Indian Broker Test editorial desk · Published 8 July 2026 · Data last reviewed 14 November 2026 · Independent

0 – 0Cheaper on example trades (Upstox – Fyers)
5 – 6Published features (of 9)

Upstox vs Fyers — published pricing and features (official sources at last review)
Metric	Upstox	Fyers
Delivery brokerage	₹20 per order (flat)	₹20 or 0.3% per order (whichever is lower)
Intraday brokerage	₹20 or 0.1% per order (whichever is lower)	₹20 or 0.03% per order (whichever is lower)
F&O brokerage	₹20 per order (options); ₹20 or 0.05% per order for futures (whichever is lower)	₹20 per order (options); ₹20 or 0.03% per order for futures (whichever is lower)
AMC	₹0 first year, then ₹300 + GST per year	₹0 (zero AMC)
Account opening	Free (online)	Free (₹0 account opening)
Trading API	Upstox API — Free (per official developer page)	Fyers API — Free (per official API page)
Reported execution speed	≈ 135 ms (median)	p99 < 7 ms (processing, self-reported)self-reported
Algo support	Yes - via Upstox API	Yes - free API; TradingView-based platform
Platforms	Upstox app, Upstox web (Pro)	Fyers app, Fyers Web, TradingView charts
Best for (published)	Intraday and options traders who prioritise app speed and a free API.	Chart-driven and algorithmic traders who live in TradingView.

Statutory charges (STT, exchange fees, GST, etc.) are not included. Figures are from official pricing pages at our last review — verify before opening an account.

Cost face-off: what real trades cost

Total charges per round trip, brokerage + all statutory charges (NSE)
Trade	Upstox	Fyers	Cheaper
Intraday: ₹1 lakh buy & sell	₹82.97	₹82.97	Tie
Delivery: ₹50,000 buy & sell	₹178.98	₹178.98	Tie
Options: premium ₹100 × 75	₹66.43	₹66.43	Tie
Futures: ₹24,000 × 75	₹1,067.15	₹1,067.15	Tie

Illustrative quantities. Try your own trade in the compare-all brokerage calculator.

Feature check

Feature	Upstox	Fyers
Free delivery	–	–
Zero AMC	–	✓
Free API	✓	✓
TradingView	–	✓
MCX commodity	✓	✓
Mutual funds	✓	–
IPO	✓	✓
Research desk	–	–
Published speed	✓	✓

What the published data shows

Both publish execution-speed figures (Upstox: ≈ 135 ms (median); Fyers: p99 < 7 ms (processing, self-reported)) — methodologies differ; see each profile before comparing on speed alone.

Tools & profiles

Related comparisons

Frequently asked questions

Upstox vs Fyers: which has lower delivery brokerage?

At our last review, Upstox published delivery brokerage as "₹20 per order (flat)" and Fyers as "₹20 or 0.3% per order (whichever is lower)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.

Does Upstox or Fyers have a trading API?

Both have documented APIs at review time: Upstox (Upstox API), Fyers (Fyers API). Compare pricing and rate limits on each broker's developer page.

Which is faster — Upstox or Fyers?

Upstox publishes ≈ 135 ms (median); Fyers publishes p99 < 7 ms (processing, self-reported). Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.

Is Upstox cheaper than Fyers?

On our four example trades (intraday, delivery, options and futures), Upstox is cheaper on 0, Fyers on 0, and 4 are tied. Statutory charges are identical, so any difference comes from brokerage.

Are these comparisons independent?

Yes. Indian Broker Test is not affiliated with, sponsored by, or endorsed by any broker. Rankings and comparisons use only published official data; gaps are shown as Not Disclosed.

Sources

Upstox - official website - https://upstox.com
Upstox - official pricing - https://upstox.com/brokerage-charges/
Fyers - official website - https://fyers.in
Fyers - official pricing - https://fyers.in/pricing/