FYERSSEBI INZ000008524
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 or 0.3%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹38.35Brokerage and DP with GST, ours
UpstoxSEBI INZ000315837
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹300/yr + GST
- SME IPOs
- Yes
- Delivery brokerage
- ₹20/order
- Cost to sell ₹15,000 of IPO shares
- ₹47.20Brokerage and DP with GST, ours
Where FYERS and Upstox differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | FYERS | Upstox |
|---|---|---|
| One mainboard lot, ₹15,000₹8.85 less at FYERS | ₹38.35 | ₹47.20 |
| Two SME lots, ₹2,50,000₹8.85 less at FYERS | ₹38.35 | ₹47.20 |
| A year: 12 mainboard lots sold₹106.20 less at FYERS | ₹460.20 | ₹566.40 |
Ours: brokerage and DP charge with 18% GST. STT and exchange charges are equal everywhere, so they are left out. SME bids are two lots.
- Demat maintenance (AMC): ₹0 for trading and demat accounts at FYERS, ₹0 in the first year for new customers, then ₹300 plus GST a year at Upstox.
- Equity delivery brokerage: ₹20 or 0.3% per executed order, whichever is lower at FYERS, ₹20 per executed order at Upstox.
- DP charge on selling shares: ₹12.50 plus GST per scrip at FYERS, ₹20 plus GST per scrip per day at Upstox.
- SME IPOs: The help page lists applications by type at FYERS, Yes, using the SME IPO filter in the IPO section. SME bids need a… at Upstox.
The same at both: account opening and Mainboard IPOs.
FYERS vs Upstox: charges side by side
Differs 5 of 7 charges differ between FYERS and Upstox. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | FYERS | Upstox |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹0 for trading and demat accounts | ₹0 in the first year for new customers, then ₹300 plus GST a year (BSDA accounts have separate terms) |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, on the FYERS web and mobile platforms, with ₹0 brokerage | Yes, in the IPO section of the app with a UPI mandate |
| SME IPOs | The help page lists applications by type (mainboard or SME) in the IPO section | Yes, using the SME IPO filter in the IPO section. SME bids need a price; cut-off is not allowed |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 0.3% per executed order, whichever is lower (Prime: ₹15 or 0.3%) | ₹20 per executed order |
| DP charge on selling shares | ₹12.50 plus GST per scrip (ISIN) | ₹20 plus GST per scrip per day (₹3.50 CDSL and ₹16.50 Upstox; ₹3.25 and ₹16.75 for women) |
| Registration | ||
| SEBI registration | INZ000008524 | INZ000315837 |
For other trading, equity intraday, Futures, Call and trade and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the FYERS and Upstox pages.
FYERS and Upstox strengths and things worth checking
FYERS
Strengths
- ₹0 AMC and account opening
- IPO applications free
- Low DP charge
Worth checking
- Brokerage on delivery
Up to ₹20 per order (₹15 on Prime).
- MTF on small amounts
16.49% a year on funding up to ₹1 lakh.
Upstox
Strengths
- Zero commission on IPOs
- ₹0 account opening
- SME IPOs in the app
Worth checking
- Flat ₹20 on delivery
Even a small sale of IPO shares costs ₹20 brokerage plus a ₹20 plus GST DP charge.
- Dealer orders cost more
Call and trade and auto square-off cost ₹75 plus GST each.
- AMC after the first year
₹300 plus GST a year.
Brokerage calculator: FYERS vs Upstox
| Charge | FYERS | Upstox |
|---|
Ours, with NSE rates. Change the trade to see what FYERS and Upstox would each charge.
Other comparisons
Every comparison with FYERS or Upstox, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, FYERS or Upstox?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹38.35 in broker charges at FYERS and ₹47.20 at Upstox (our calculation). For two SME lots worth ₹2,50,000: FYERS ₹38.35, Upstox ₹47.20 (our calculation, brokerage and DP charge with GST).
How much would the difference between FYERS and Upstox be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, FYERS costs ₹106.20 less in broker charges (our calculation). Add the yearly AMC: FYERS: ₹0 for trading and demat accounts; Upstox: ₹0 in the first year for new customers, then ₹300 plus GST a year.
Can I apply for SME IPOs on FYERS and Upstox?
Upstox lets you apply for SME IPOs; FYERS does not say so on the pages we checked.
What is the demat AMC at FYERS and Upstox?
FYERS: ₹0 for trading and demat accounts. Upstox: ₹0 in the first year for new customers, then ₹300 plus GST a year.
What brokerage do FYERS and Upstox charge when I sell IPO shares?
Selling allotted shares is a delivery trade. On a ₹15,000 sale the brokerage with GST is ₹23.60 at FYERS and ₹23.60 at Upstox (our calculation from their published rates).