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Zerodha Vs Upstox (Compare Zerodha and Upstox)

Zerodha Logo

About Zerodha
Zerodha is India's leading stockbroker. It is among the largest and most reputed brokers offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO, Futures & Options, Bonds, Govt. Securities, and Direct Mutual Funds. Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and Futures, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. Further, for Options trades, it charges Flat Rs. 20 per executed orde... Know more about Zerodha

Upstox Logo

About Upstox
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 Web and Upstox Pro Mobile trading platforms. Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix. Upstox trading platform offers trading, analysis, charting and many more rich trading features. This platfo... Know more about Upstox

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Zerodha Vs Upstox

Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India. Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India.

  Zerodha Upstox
Type of Broker Discount Broker Discount Broker
Exchnage Membership NSE, BSE, MCX and NCDEX BSE, NSE, MCX
Year of Incorporation 2010 2012
Number of Branches 22 4
Open Zerodha AccountOpen Upstox Account

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Zerodha Vs Upstox Charges & AMC

Zerodha trading account opening charges is Rs 200 while Upstox account opening changes is Rs 0 (Free). Zerodha Demat Account AMC Charges is Rs 300 and Upstox Demat Account AMC Charges is Rs 150.

  Zerodha Upstox
Trading Account Opening Charges Rs 200 Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free) Rs 0 (Free)
Demat Account Opening Charges Rs 0 Rs 0 (Free)
Demat Account AMC Charges Rs 300 Rs 150

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Zerodha Vs Upstox Brokerage

Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas Upstox brokerage charges for equity is Rs 20 per executed order or 2.5% whichever is low and intraday is Rs 20 per executed order or 0.05% whichever is lower.

Account Type Zerodha Flat Brokerage Plan Upstox Default
Fixed Charges NA
Equity Delivery Rs 0 (Free) Rs 20 per executed order or 2.5% whichever is low
Equity Intraday Rs 20 per executed order or .03% whichever is lower Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 20 per executed order or .03% whichever is lower Rs 20 per executed order or 0.05% whichever is lower
Equity Options Rs 20 per executed order Rs 20 per executed order
Currency Futures Rs 20 per executed order or .03% whichever is lower Rs 20 per executed order or 0.05% whichever is lower
Currency Options Rs 20 per executed order Rs 20 per executed order
Commodity Futures Rs 20 per executed order or .03% whichever is lower Rs 20 per executed order or 0.05% whichever is lower
Commodity Options Rs 20 per executed order Rs 20 per executed order
Special Offer
Special Offer: Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.
Special Offer: Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

Zerodha Charges Vs Upstox

Minimum Brokerage 0.03% in Intraday and F&O 0.05%
Other Charges Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS Auto Square-off Charges: Rs 50
Call & Trade Charges Rs 50 per executed order Rs 20 per trade

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Zerodha Vs Upstox Transaction Charges

Zerodha transaction charges for options is NSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) (on premium) while Upstox exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (on premium).

  Zerodha Upstox
Equity Delivery NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (sell side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 NSE Rs 190 per Cr (0.0019%) | BSE Rs 0
Equity Options NSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) (on premium) NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (on premium)
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)
Currency Options NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium) NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity Group A - Rs 260 per Cr (0.0026%) Group A - Rs 290 per Cr (0.0029%)
Open Zerodha AccountOpen Upstox Account

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Zerodha Vs Upstox Leverage (Margin)

Zerodha margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Upstox margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Zerodha Upstox
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
Open Zerodha AccountOpen Upstox Account

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Compare Zerodha and Upstox Features

The trading platforms offered Zerodha include Kite Web, Kite Mobile for Android/iOS and Coin. Upstox offers Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola trading software.

  Zerodha Upstox
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes Yes
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio No No
Margin Trading Funding No Yes
Margin Against Shares (Equity Cash) Yes No
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform Kite Web, Kite Mobile for Android/iOS and Coin Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close 3:00 PM
Trading In SME Shares Allowed? Yes Yes
Referral Program Yes Yes
Other Features Direct Mutual Funds, APIs for Algo Trading Option strategy builder
Open Zerodha AccountOpen Upstox Account

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Zerodha Vs Upstox Review

Zerodha is rated 3.7 of 5 based on 476 customer reviews whereas Upstox is rated 2.4 of 5 based on 142 customer reviews.

  Zerodha Upstox
  476 Customer Reviews    Rate Zerodha 142 Customer Reviews    Rate Upstox
Fees 3.7 3.4
Brokerage 4.2 3.4
Trading Platform 3.6 2.6
Customer Service 3.4 2.3
Research Capabilities 2.8 2.2
Overall Ratings Rated 3.7 stars Rated 2.4 stars
Broker Rating Zerodha is rated 3.7 of 5 based on 476 customer reviews Upstox is rated 2.4 of 5 based on 142 customer reviews

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Contact Broker / Request A Call Back

  Zerodha Enquire Upstox Enquire
Contact Broker Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today. Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

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Zerodha Vs Upstox Investment Options

  Zerodha Upstox
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes No
Bond / NCD No No
Debt No No
Other Investment Options

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Zerodha Vs Upstox Order Type Offered

  Zerodha Upstox
Bracket Order No No
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) No No
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes
Open Zerodha AccountOpen Upstox Account

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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 Yes Yes
Active Investor Yes Yes
Trader Yes Yes

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Zerodha Vs Upstox - Pros and Cons

  Zerodha Upstox
Pros
  • India's leading broker in terms of the number of active clients, exchange volume and brokerage revenue.
  • Safe, reliable, and most technologically advance broker in India.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Flat Rs 20 per trade brokerage for all other segments.
  • Excellent trading platforms (Kite) available for free.
  • Direct Mutual Fund Investment is available.
  • Good Till Triggered (GTT) orders are available. These are similar to GTC orders.
  • NRI Trading account is available.
  • Zero account opening fee.
  • Zero brokerage for Mutual Fund investment.
  • Flat Rs 20 per trade brokerage for all other segments including equity delivery.
  • Offer direct mutual funds.
  • One app for trading in equity, currency, and commodity.
  • Margin Trading Facility (MTF) is available at interest rate of Rs 20/day for slabs of Rs 40,000.
  • Margin Against Share is available
  • Online IPO, FPO, Bonds, and NCD's are available.
  • Good-Till-Triggered (GTT) orders are available.
Cons
  • It does not provide stock tips, research, and recommendations.
  • Call & Trade is charged an extra Rs 50 per order.
  • Auto Square off is charged at an extra Rs 50 per order.
  • It does not offer a 3-in-1 account.
  • It does not offer monthly unlimited trading plans.
  • It does not offer an AMC Free Demat account.
  • No margin funding.
  • Equity delivery brokerage fee is Rs 20 per trade. Other brokers like Zerodha offers brokerage-free equity delivery trades.
  • Doesn't offer unlimited trading plans.
  • Doesn't offer margin funding for delivery trades.
  • Doesn't offer stock tips or recommendations.
  • Doesn't offer a 3-in-1 account.
  • Doesn't offer 24/7 customer support.
  • Doesn't offer API access for automated trading.
  • Doesn't offer NRI Trading and Demat account.
  • Doesn't offer BTST
  • Doesn't offer digital gold.
  • Call-and-trade fee is Rs 20 per executed order extra.
  • Automatic settlement charges an additional Rs 50 per executed order.
  • Higher Demat Debit Transaction charges (Rs 18.5 per ISIN). Zerodha charges Rs 13.5.
  • Intraday square-off at 3 PM. Most other brokers do it at 3:15 PM.
Reviews
Promo / Offers

Zerodha Special Offer

Free stock trading and mutual funds

  • Brokerage-free share delivery trades and flat Rs 20 per trade for Intraday & F&O +
  • Brokerage-free Direct Mutual Fund investment + +
  • Trade with the best trading platform in India.

This is a limited time offer. Open an instant Zerodha account online and start trading today.

Upstox Special Offer

Exclusive offer by Upstox

  • Pay flat Rs 20 for Eq Delivery, Intra-day and F&O Trades.
  • Pay Rs 0 commission for Mutual Funds.

It is a limited-time offer. Open Instant Account and start trading the same day.

Open Zerodha AccountOpen Upstox Account

Frequently Asked Questions

  1. 1. Why Zerodha is better than upstox?

    While both Zerodha and Upstox have their positives, Zerodha scores over Upstox on following counts:

    1. Zerodha continues making massive investments in technology.
    2. Zerodha offers a range of excellent trading platforms and tools.
    3. Zerodha offers online IPO application services.
    4. Zerodha offers a free direct mutual fund platform to its customers.
    5. Zerodha management decision-making is faster as it doesn't have investors on board.

     

  2. 2. Why Upstox is better than Zerodha?

    Both Upstox and Zerodha are popular online discount brokers. Upstox is better than Zerodha in following ways:

    • Upstox provides access to 3rd party trading software like Dartstock, NEST Trader and Fox Trader for advance traders. Zerodha only offers Kite as a trading platform.
    • Upstox offers prepaid plans which are valid for 2 years. These plans make your brokerage cheaper than Rs 20 per trade. i.e. Rs. 249 plan gives you brokerage credit of Rs 400.

    Upstox and Zerodha are quite similar in terms of product and services offers, pricing and trading software.

     

  3. 3. Which is better Upstox vs Zerodha?

    Upstox and Zerodha offer similar products and services, charge the same brokerage and both have an excellent trading platform.

    Upstox Vs Zerodha Difference

    • Zerodha has strong management and consistent business strategy since 2010. Upstox management and business strategy change frequently.
    • Upstox offers integration to 3rd party trading platforms like Dartstock, Fox Trader and NEST Trader. Zerodha only offers Kite as a trading platform.
    • Customer of Upstox has to buy a mandatory prepaid plan of minimum Rs 249 (Rs 400 brokerage credit). If you only want to trade equity delivery, which is brokerage free, you still have to buy a prepaid plan. Zerodha doesn't have any mandatory prepaid plan.
    • Upstox offers priority brokerage plan (at Rs 30 per trade) which has up to 25x leverage on Intraday, Futures & Options. Zerodha has one simple plan for all customers.
    • Zerodha has much stronger focus and investment in technology which results in a better trading platform, trading tools and customer support.
    • Zerodha has self-serving support portals, forums, q&a and education initiatives like varsity.

    Upstox Vs Zerodha Similarities

    • Online trading available at BSE, NSE and MCX.
    • Invest in direct mutual funds.
    • Brokerage free equity delivery trades.
    • Flat Rs 20 per trade brokerage for intraday and F&O.
    • Excellent trading platforms.
    • Customer-friendly and transparent business model.
    • No research reports, tips or recommendations.
    • No relationship managers.

    Conclusion

    Zerodha is better than Upstox because of its strong focus on technology, clarity in business strategies, strong management and a very trusted pool of employees.

     

  4. 4. Which is best Upstox vs Zerodha?

    Both Upstox and Zerodha are leading online discount stock brokers in India. Zerodha is ranked 1st and Upstox is ranked 2nd. The services offered, brokerage charged and business model of these brokers are quite similar.

    But if we have to choose between them, Zerodha is the best stock broker in India. Following are a few facts which make Zerodha the best:

    • Superior and more stable trading platform
    • Technology focused fin-tech company
    • Clear business strategy
    • First to launch many products in India. This includes discount brokerage, direct mutual funds, brokerage free equity delivery and mutual funds.
    • Excellent support forums and self-serving portals and education initiatives.
    • Happy employees who are always ready to help customers.
    • Zerodha reported a profit of Rs 350 crore in FY19

     

  5. 5. Is Upstox better than Zerodha?

    Overall Zerodha is better than Upstox in terms of following facts:

    • Zerodha is first in India to introduce many revolutionary products in the brokerage industry. This includes flat-rate discount brokerage services, brokerage free equity delivery trading, commission-free direct mutual fund investment and free online trading platform to all.
    • Zerodha's business focus is clear and consistent. Upstox frequently changes its business strategy, brokerage fee and other charges.
    • Zerodha employees are among the most loyal employees in India. This results in better services.
    • Zerodha has advance and stable trading platforms and tools in comparison to other brokers including upstox.
    • Zerodha's customer base is 4 times larger than Upstox. Both started retail brokerage services almost at the same time.

     

  6. 6. Is Zerodha safe for trading?

    Zerodha is a safe, genuine, and reliable broker for trading for the below-stated reasons reflecting its safety.

    1. India's No.1 Broker.
    2. SEBI registered Stock Broker.
    3. Member of BSE and NSE.
    4. Debt-free company.
    5. No Proprietary
    6. Trusted by millions of happy customers.
    7. No Margin funding by the broker.

    Thus, Zerodha is as safe as any other broker in the market for trading.

     


1 Comments

1. Bhaskara Sarma Peddibhotla   I Like It. |Report Abuse|  Link|November 25, 2022 10:13:00 PMReply
Account opening is very simple in Upstox.Promptly reviewed and good guidance at every stage.

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