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Zerodha Vs Upstox (Compare Zerodha and Upstox)

The side-by-side comparison of Zerodha and Upstox. Compare Zerodha Vs Upstox brokerage, charges, exposure margin, demat account. Read Upstox and Zerodha review.

Find out Zerodha Vs Upstox which is better and Zerodha Vs Upstox which is best.

Our Zerodha comparison with Upstox highlights the major differences between two brokers. Find the best between Zerodha and Upstox.

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Zerodha Vs Upstox

  Zerodha Upstox
 
Zerodha Logo Upstox Logo
About the Broker Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage Company) for trading in Stock, Commodity and Currency Derivative. It charges a brokerage of 0.01% or Rs 20 per executed... Know more about Zerodha Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro ... Know more about Upstox
Type of Broker Discount Broker Discount Broker
Supported Exchnage NSE, BSE, MCX and NCDEX BSE, NSE, MCX
Account Type Standard Plan Upstox Basic
Broker Enquiry Open an Online Trading Account with Zerodha. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Upstox. Leave your contact info and we will get in touch with you.
Year of Incorporation 2010 2012
Number of Branches 22 4
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Zerodha Vs Upstox Charges

  Zerodha Upstox
Trading Account Opening Fees ₹300 ₹150 (Eq and F&O), ₹150 (MCX)
Trading Account AMC ₹0 (Free) ₹0
Demat Account Opening Fees ₹100 ₹0
Demat Account AMC ₹300 ₹150
Demat Account is Mandatory? No No
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Zerodha Vs Upstox Brokerage

Brokerage Plan 1

  Zerodha Upstox
Account Type Standard Plan Upstox Basic
Fixed Charges
Equity Delivery Brokerage ₹0 (Free) ₹0
Equity Intraday Brokerage ₹20 per executed order or .01% whichever is lower ₹20 per trade or 0.01% (whichever is lower)
Equity Futures Brokerage ₹20 per executed order or .01% whichever is lower ₹20 per trade or 0.01% (whichever is lower)
Equity Options Brokerage ₹20 per executed order or .01% whichever is lower ₹20 per trade or 0.01% (whichever is lower)
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹20 per trade or 0.01% (whichever is lower)
Currency Options Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹20 per trade or 0.01% (whichever is lower)
Commodity Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹20 per trade or 0.01% (whichever is lower)
Commodity Options Trading Brokerage ₹20 per executed order or .01% whichever is lower

Brokerage Plan 2

  Zerodha Upstox
Account Type Standard Plan Upstox Priority
Fixed Charges ₹0
Equity Delivery Brokerage ₹0 (Free) ₹0
Equity Intraday Brokerage ₹20 per executed order or .01% whichever is lower ₹30 per trade or 0.05% (whichever is lower)
Equity Futures Brokerage ₹20 per executed order or .01% whichever is lower ₹30 per trade or 0.05% (whichever is lower)
Equity Options Brokerage ₹20 per executed order or .01% whichever is lower ₹30 per trade or 0.05% (whichever is lower)
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹30 per trade or 0.05% (whichever is lower)
Currency Options Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹30 per trade or 0.05% (whichever is lower)
Commodity Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹30 per trade or 0.05% (whichever is lower)
Commodity Options Trading Brokerage ₹20 per executed order or .01% whichever is lower

Other Charges

Minimum Brokerage Charges ₹0 ₹0
Other Brokerage Charges Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges ₹20 per executed order ₹20 per trade
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Zerodha Vs Upstox Taxes

  Zerodha Upstox
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Zerodha Vs Upstox Transaction Charges

  Zerodha Upstox
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) NSE ₹325 | BSE ₹275
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) NSE ₹325 | BSE ₹275
Equity Futures NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side) NSE ₹210
Equity Options NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium) NSE ₹5500
Currency Futures NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%) ₹150
Currency Options NSE ₹4000 per Cr (0.04%) | BSE ₹100 per Cr (0.001%) (on premium) ₹6000
Commodity Group A - ₹260 per Cr (0.0026%) MCX ₹260/Cr
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Zerodha Vs Upstox Exposure Margin

  Zerodha Upstox
Equity Delivery 1x (no margin) 2.5x
Equity Intraday Up to 20x (based on the stock) Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x
Equity Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6x
Equity Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Commodity Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x
Commodity Options
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Zerodha and Upstox Feature Comparison

  Zerodha Upstox
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio No No
Margin Trading Funding Available No No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Kite Web, Kite Android/iOS, Pi, Coin, Kite mobile Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time 3:10 PM 3:15 PM
Other Features Direct Mutual Funds, APIs Option strategy builder
Referral Program Yes Yes
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Zerodha Vs Upstox Review

  Zerodha Upstox
  347 Customer Reviews    Rate Zerodha 50 Customer Reviews    Rate Upstox
Fees Ratings 3.8 3.7
Trading Brokerage Rating 4.4 3.6
Trading Platform Usability 3.6 2.8
Customer Service Ratings 3.5 2.4
Overall Ratings Rated 3.8 stars Rated 2.5 stars
Broker Rating Zerodha is Rated 3.8 / 5 based on 347 customer reviews Upstox is Rated 2.5 / 5 based on 50 customer reviews
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Contact Broker / Request A Call Back

  Zerodha Upstox
Contact / Request Call Back
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Zerodha Vs Upstox Investment Options

  Zerodha Upstox
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) No No
Mutual Funds Yes No
Bond / NCD No No
Debt No No
Other Investment Options
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Zerodha Vs Upstox Customer Service

  Zerodha Upstox
24/7 Customer Service No No
Onine Live Chat No No
Through Branches No No
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Zerodha Vs Upstox Order Type Offered

  Zerodha Upstox
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No No
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Zerodha Vs Upstox Research Report

  Zerodha Upstox
Daily Market Report No No
Free Tips No No
Quarterly Result Analysis No No
News Alerts No No
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Zerodha Vs Upstox Suitable For Investor Type

  Zerodha Upstox
Casual Investor
Active Investor Yes Yes
Trader Yes Yes
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Zerodha Vs Upstox - Advantages and Disadvantages

  Zerodha Upstox
Pros
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Excellent trading platforms made available for free to all its customers.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Brokerage is 0.01% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • 10% referral credit for reffering new customers.
  • Direct Mutual Fund Investment is available.
  • Over 7L+ customers and 8% of daily volume at BSE, NSE and MCX.

More Advantages...

  1. Upstox basic plan offers brokerage free trading in Equity Delivery segment.
  2. No brokerage for equity delivery trades.
  3. Free trading software including mobile and web trading app.
  4. Advance orders including AMO, CO and BO are available.
  5. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all.
  6. AmiBroker connector available for Algo Trading.
  7. Mutual Funds are available for investment.
  8. Higher leverage is available under different brokerage plan.

More Advantages...

Cons
  • Doesn't provide stock tips, research reports or recommendations.
  • Call & Trade is charged at extra Rs 20 order.
  • Doesn't provide options to invest in IPO, Bond and NCD's public offers.
  • Margin funding is not available.
  • GTC/GTD not available in Equity.

More Disadvantages...

  • No margin funding.
  • No equity 'good till cancelled' orders.
  • Unlimited monthly plans not available.
  • Additional fee for call & trader.
  • Additional fee for square off done by the broker.
  • Higher demat debit transaction charges.
  • Online IPO, FPO, Bonds and NCD's are not available.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and Demat Account.

More Disadvantages...

Reviews Useful Articles about Zerodha: Useful articles about Upstox:
Promo / Offers

Truly free equity delivery trading

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 brokerage for Intraday and F&O trades. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.

Limited Time Offer - Free Account Opening (₹300 waived) until May 17th 2019

Open Upstox Trading Account and get FREE Trading, Demat and Mutual Fund Account + FREE Equity Delivery Trades (no brokerage) + Intraday and F&O Trades at flat ₹20 per order.

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