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Zerodha Vs Upstox Share Broker Comparison

The side-by-side comparison of Zerodha and Upstox stock brokers in India. The comparison below highlights the similarities and differences between Zerodha and Upstox's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Zerodha and Upstox.

	Zerodha	Upstox
	Zerodha Review FAQs Brokerage Demat Acct Mobile App Account Opening Branches IPO	Upstox Review FAQs Brokerage Demat Acct Mobile App Account Opening Branches IPO

About the Broker	Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage) for trading in Stock, Commodity and Currency Derivative. It charges brokerage of 0.01% or Rs 20 per executed order, wh...	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 ...
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

Stock Broker Fees / 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 (paid upfront)
Demat Account is Mandatory?	No	No

Trading Brokerage Charges

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 Trading Brokerage	₹20 per executed order or .01% whichever is lower	₹20 per trade or 0.01% (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 Trading Brokerage	₹20 per executed order or .01% whichever is lower	₹30 per trade or 0.05% (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

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.

Transaction Charges

	Zerodha	Upstox
Equity Delivery	NSE ₹325 per crore \| BSE ₹1 per trade (each side)	NSE ₹325 \| BSE ₹275
Equity Intraday	NSE ₹325 per crore \| BSE ₹1 per trade (each side)	NSE ₹325 \| BSE ₹275
Equity Futures	NSE ₹210 per crore \| BSE ₹1 per trade (each side)	NSE ₹210
Equity Options	NSE ₹5300 per crore \| BSE ₹1 per trade (each side)	NSE ₹5500
Currency Futures	NSE ₹135 per crore (0.00135%)	₹150
Currency Options	NSE ₹4400 (on premium) per crore (0.044%)	₹6000
Commodity	Non-Agri ₹360 (0.0036%) \| Agri ₹275 per Crore	MCX ₹260/Cr

Exposure

	Zerodha	Upstox
Equity Delivery	1x (no margin)	1x
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	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span	Regular: 2.5x \| Priority Pack: 3x \| Regular CO: 3x \| Priority Pack CO: 4x

Share Broker Features

	Zerodha	Upstox
3 in 1 Account
Mobile Trading
Charting
Automated Trading
After Trading Hour Orders
Good Till Cancelled (GTC)
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Trading Platform	Kite Web, Kite Android/iOS, Pi, Coin	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

Broker Ratings (Average User Rating)

	Zerodha	Upstox
	316 Customer Reviews	39 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating	Zerodha is Rated 3.8 / 5 based on 316 customer reviews	Upstox is Rated 2.5 / 5 based on 39 customer reviews

Contact Broker / Request A Call Back

	Zerodha	Upstox
Contact / Request Call Back	Name Phone Number Email City Name State Are you a day trader?	Name Phone # Email City Name State Are you a day trader?

Investment Options Available

	Zerodha	Upstox
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options

Customer Service Offered

	Zerodha	Upstox
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches

Research / Tips / Reports Published

	Zerodha	Upstox
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Suitable for Investor Category

	Zerodha	Upstox
Casual Investor
Active Investor
Trader

Pros, Cons and Other Review Comments

	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...	Upstox basic plan offers brokerage free trading in Equity Delivery segment. No brokerage for equity delivery trades. Free trading software including mobile and web trading app. Advance orders including AMO, CO and BO are available. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all. AmiBroker connector available for Algo Trading. Mutual Funds are available for investment. 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. More Disadvantages...
Reviews	Useful Articles about Zerodha: Frequent Asked Questions about Zerodha The cost of share trading with Zerodha Flat Fee Stock Trading Broker in India Zerodha Fund Transfer (Deposit & Withdrawal) RKSV Vs Zerodha - Comparison of Brokerage Charges, Fees and Taxes	Useful articles about Upstox: Upstox Trading Platform by RKSV - Review, FAQ and Detail
Promo / Offers	Truly free equity delivery trading Get free equity delivery trading (truly no brokerage) and pay flat ₹20 intranet and F&O trade brokerage. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.	Get Account Opening Fee Refunded Get free equity delivery trading (truly no brokerage) and pay flat ₹20 intranet and F&O trade brokerage. In addition get you account opening fees refunded as brokerage cashback. To open an account with Upstox, simply leave your contact information with us and Upstox representatives will call you.
	Enquire about Zerodha	Enquire about Upstox
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