Zerodha vs Upstox vs Fyers 2025 - Brokerage Charges, Demat Account Opening Fee
Account Opening Fees
Zerodha | Upstox | Fyers |
---|---|---|
₹200 (Equity) + ₹100 (Commodity) | ₹249 | ₹0 |
Annual Maintenance Charges (AMC)
Zerodha | Upstox | Fyers |
---|---|---|
₹300/year | ₹300/year | ₹0 |
Brokerage for Equity Delivery
Zerodha | Upstox | Fyers |
---|---|---|
₹0 (free) | ₹0 (free) | ₹0 (free) |
Brokerage for Equity Intraday
Zerodha | Upstox | Fyers |
---|---|---|
₹20 per executed order or 0.03% | ₹20 per executed order | ₹20 per executed order or 0.03% |
Brokerage for Option Trading
Zerodha | Upstox | Fyers |
---|---|---|
₹20 per order | ₹20 per order | ₹20 per order |
Brokerage for Futures Trading
Zerodha | Upstox | Fyers |
---|---|---|
₹20 per order | ₹20 per order | ₹20 per order |
Trading Platforms
Zerodha | Upstox | Fyers |
---|---|---|
Kite (web, mobile) | Upstox Pro (web, mobile) | Fyers One, Fyers Markets (web, mobile) |
Customer Support
Zerodha | Upstox | Fyers |
---|---|---|
Email, phone (business hours) | Email, phone (business hours) | Email, phone (business hours) |
Investment Options
Zerodha | Upstox | Fyers |
---|---|---|
Equity, derivatives, commodities, mutual funds, bonds | Equity, derivatives, mutual funds, digital gold | Equity, derivatives, commodities |
Research & Advisory Services
Zerodha | Upstox | Fyers |
---|---|---|
Basic charts, data | Basic research, news | Basic research, charts |
User Interface & Experience
Zerodha | Upstox | Fyers |
---|---|---|
Simple, fast interface | Clean, user-friendly interface | Feature-rich, fast interface |
Additional Features
Zerodha | Upstox | Fyers |
---|---|---|
Coin (direct mutual funds), Console (reporting) | Free tools, trading API | Advanced charting tools, API |
Zerodha vs Upstox vs Fyers - Overall Summary
Category | Zerodha | Upstox | Fyers |
---|---|---|---|
Account Opening Fees | ★★★★☆ | ★★★★☆ | ★★★★★ |
Annual Maintenance Charges (AMC) | ★★★☆☆ | ★★★☆☆ | ★★★★★ |
Brokerage for Equity Delivery | ★★★★★ | ★★★★★ | ★★★★★ |
Brokerage for Equity Intraday | ★★★★☆ | ★★★★☆ | ★★★★☆ |
Brokerage for Option Trading | ★★★★☆ | ★★★★☆ | ★★★★☆ |
Brokerage for Futures Trading | ★★★★☆ | ★★★★☆ | ★★★★☆ |
Trading Platforms | ★★★★☆ | ★★★★☆ | ★★★★☆ |
Customer Support | ★★★★☆ | ★★★★☆ | ★★★★☆ |
Investment Options | ★★★★☆ | ★★★★☆ | ★★★☆☆ |
Research & Advisory Services | ★★★☆☆ | ★★★☆☆ | ★★★☆☆ |
User Interface & Experience | ★★★★☆ | ★★★★☆ | ★★★★☆ |
Additional Features | ★★★★☆ | ★★★★☆ | ★★★★☆ |
*Above star rating is just for reference while comparing above brokers with each other. Above rating can be wrong as well and we do not take any liability for same.
Zerodha vs Upstox vs Fyers: Comprehensive Comparison
When comparing the leading discount brokers in India—Zerodha, Upstox, and Fyers—each has its own set of strengths, weaknesses, and features that cater to different types of investors and traders. This article delves into the detailed comparison of these three platforms across various categories such as account opening fees, brokerage charges, trading platforms, and more, to help users make informed decisions.
Account Opening Fees
Zerodha charges ₹200 for opening an equity account and an additional ₹100 if you want to trade in commodities. Upstox, on the other hand, has a slightly higher account opening fee at ₹249. Fyers, however, stands out in this regard by offering a zero account opening fee, making it an attractive option for cost-conscious investors.
Annual Maintenance Charges (AMC)
When it comes to annual maintenance charges, both Zerodha and Upstox charge ₹300 per year. In contrast, Fyers does not levy any annual maintenance charges, which is another cost-saving benefit for long-term investors who want to minimize recurring fees.
Brokerage for Equity Delivery
All three platforms—Zerodha, Upstox, and Fyers—offer free equity delivery trades, meaning no brokerage is charged when buying and holding stocks. This makes them equally favorable for investors who prefer to buy and hold stocks for the long term without incurring frequent trading costs.
Brokerage for Equity Intraday
For intraday traders, Zerodha, Upstox, and Fyers have similar pricing structures. Zerodha charges ₹20 per executed order or 0.03% of the trade value, whichever is lower. Upstox also charges a flat ₹20 per executed order, while Fyers follows a similar pattern, charging either ₹20 per order or 0.03%, depending on which is lower. This uniformity makes all three platforms suitable for frequent intraday traders.
Brokerage for Option and Futures Trading
When it comes to options and futures trading, the brokerage fees remain consistent across the platforms. Zerodha, Upstox, and Fyers all charge ₹20 per order for both options and futures trades. For traders interested in derivatives, this ensures that the cost structure is transparent and easy to compare across the platforms.
Trading Platforms
Each of the three brokers offers robust trading platforms. Zerodha’s Kite is widely recognized for its simple, fast, and user-friendly interface, available on both web and mobile. Upstox offers the Upstox Pro platform, also available on both web and mobile, known for its clean and intuitive design. Fyers provides two platforms: Fyers One, which is a desktop-based platform, and Fyers Markets for mobile trading. Fyers platforms are feature-rich and cater to traders who prefer advanced charting tools.
Customer Support
All three platforms—Zerodha, Upstox, and Fyers—offer customer support via email and phone during business hours. There are no significant differences in terms of support structure, making all three brokers comparable in terms of customer service accessibility.
Investment Options
Zerodha offers the widest range of investment options, including equity, derivatives, commodities, mutual funds, and bonds. Upstox provides equity, derivatives, mutual funds, and digital gold as part of its investment portfolio. Fyers, while slightly more limited, offers equity, derivatives, and commodities. If you are an investor looking for more diversity in investment options, Zerodha might be the best choice due to its broad range of offerings.
Research and Advisory Services
In terms of research and advisory services, none of these platforms provide in-depth market research or financial advisory services. Zerodha offers basic charts and data, while Upstox provides basic research and news. Fyers also provides basic research and charts. For investors looking for more comprehensive advisory services, they may need to rely on third-party tools or services in conjunction with their trading platforms.
User Interface and Experience
Zerodha’s Kite platform is known for its simple and fast interface, which appeals to both beginners and experienced traders alike. Upstox’s Pro platform is also user-friendly, with a clean and intuitive design, making it easy for new traders to navigate. Fyers, with its feature-rich platform, is better suited for advanced traders who require sophisticated charting tools and a fast interface. Overall, all three platforms offer a seamless trading experience, though Fyers may have a slight edge for those looking for more advanced features.
Additional Features
Each platform offers some unique features that set them apart. Zerodha has the Coin platform for direct mutual fund investments and Console for detailed reporting. Upstox provides free tools and a trading API for more tech-savvy users who want to automate their trading. Fyers also offers an API and advanced charting tools that cater to active traders who need more technical analysis features.
Conclusion
In summary, all three brokers—Zerodha, Upstox, and Fyers—offer competitive pricing and robust platforms, making them ideal choices for different types of investors. Zerodha shines with its wide range of investment options and additional features like mutual fund investments. Upstox is a great choice for those looking for a clean, user-friendly interface and simple cost structures. Fyers, with its free account opening and advanced trading tools, appeals to active traders looking for cost-efficiency combined with high-end charting capabilities. Each platform has its own set of advantages, and the choice ultimately depends on the specific needs and preferences of the trader.