Zerodha Vs Upstox (Compare Zerodha and Upstox)

The side-by-side comparison of Zerodha and Upstox. Compare Zerodha Vs Upstox brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Zerodha vs Upstox?


Zerodha
Zerodha is India's largest and most popular stock broker. It offers online flat fee discount brokerage services to invest and trade in Equity, Currency, Commodity, IPO and Direct Mutual Funds. Zerodha charges ₹0 brokerage for equity delivery trades. For intraday and F&O, it charges flat ₹20 or 0.03% (whichever is lower) per executed order. With Zerodha, the maximum brokerage you pay for any transaction is ₹20 for an order (of any size and in any segment). Zerodha Review 2020- Quick Summary ... Know more about Zerodha


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
Supported Exchnages NSE, BSE, MCX and NCDEX BSE, NSE, MCX
Account Type Flat Brokerage Plan Upstox Basic
Year of Incorporation 2010 2012
Number of Branches 22 4
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.
Enquire ZerodhaEnquire Upstox
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Zerodha Vs Upstox Charges & AMC

Zerodha trading account opening charges is ₹200 while Upstox account opening changes is ₹249. Zerodha Demat Account AMC Charges is ₹300 and Upstox Demat Account AMC Charges is ₹300.

  Zerodha Upstox
Trading Account Opening Charges ₹200 ₹249
Trading Account AMC Charges ₹0 (Free) ₹0 (Free)
Demat Account Opening Charges ₹0 ₹0 (Free)
Demat Account AMC Charges ₹300 ₹300
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Zerodha Vs Upstox Brokerage Charges & Plans

Zerodha Vs Upstox Brokerage

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

  Zerodha Upstox
Account Type Flat Brokerage Plan Upstox Basic
Fixed Charges
Equity Delivery Brokerage ₹0 (Free) ₹0 (Free)
Equity Intraday Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order or 0.05% whichever is lower
Equity Options Brokerage ₹20 per executed order ₹20 per executed order
Currency Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order or 0.05% whichever is lower
Currency Options Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order
Commodity Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order or 0.05% whichever is lower
Commodity Options Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order
Special Offer
Special Offer: Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer
Special Offer:

FREE Equity Delivery Trading + Flat ₹20 per order for Intra-day and F&O. Get the Exclusive Offer

Zerodha Vs Upstox Brokerage Plan 2

  Zerodha Upstox
Account Type Flat Brokerage Plan Upstox Priority (Higher Margin)
Fixed Charges NA
Equity Delivery Brokerage ₹0 (Free) ₹0
Equity Intraday Brokerage ₹20 per executed order or .03% whichever is lower ₹30 per executed order or 0.10% whichever is lower
Equity Futures Brokerage ₹20 per executed order or .03% whichever is lower ₹30 per executed order or 0.10% whichever is lower
Equity Options Brokerage ₹20 per executed order ₹30 per executed order
Currency Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹30 per executed order or 0.10% whichever is lower
Currency Options Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹30 per executed order
Commodity Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹30 per executed order or 0.10% whichever is lower
Commodity Options Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹30 per executed order
Enquire ZerodhaEnquire Upstox

Zerodha Charges Vs Upstox

Minimum Brokerage Charges 0.03% in Intraday and F&O 0.05%
Other Brokerage Charges Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges ₹50 per executed order ₹20 per trade
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Zerodha Vs Upstox Transaction Charges

Zerodha transaction charges for options is NSE ₹5000 per Cr (0.05%) (on premium) while Upstox exchange transaction charges for options is NSE ₹5500 per Cr (0.055%) (on premium).

  Zerodha Upstox
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) NSE ₹325 per Cr (0.00325%) (each side)
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) NSE ₹325 per Cr (0.00325%) (each side)
Equity Futures NSE ₹190 per Cr (0.0019%) NSE ₹210 per Cr (0.0021%)
Equity Options NSE ₹5000 per Cr (0.05%) (on premium) NSE ₹5500 per Cr (0.055%) (on premium)
Currency Futures NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%) NSE ₹130 per Cr (0.0013%) | BSE ₹26 per Cr (0.00026%)
Currency Options NSE ₹3500 per Cr (0.035%) | BSE ₹100 per Cr (0.001%) (on premium) NSE ₹2900 per Cr (0.029%) | BSE ₹2600 per Cr (0.026%) (on premium)
Commodity Group A - ₹260 per Cr (0.0026%) Group A - ₹290 per Cr (0.0029%)
Enquire ZerodhaEnquire Upstox
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Zerodha Vs Upstox Leverage (Margin)

Zerodha provides the margin of Up to 20x (based on the stock) for intraday trades whereas the Upstox margin for intraday cash is Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x.

  Zerodha Upstox
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 20x (based on the stock) Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x
Equity Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x
Equity Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x
Currency Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x
Currency Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x
Commodity Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x
Commodity Options
Enquire ZerodhaEnquire Upstox
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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 No
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio No No
Margin Trading Funding Available No No
Margin Against Shares (Equity Cash) Yes Yes
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 3:10 PM 3:15 PM
Other Features Direct Mutual Funds, APIs for Algo Trading Option strategy builder
Referral Program Yes Yes
Enquire ZerodhaEnquire Upstox
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Zerodha Vs Upstox Review

Zerodha is rated 3.7 of 5 based on 386 customer reviews whereas Upstox is rated 2.5 of 5 based on 82 customer reviews.

  Zerodha Upstox
  386 Customer Reviews    Rate Zerodha 82 Customer Reviews    Rate Upstox
Fees 3.7 3.6
Trading Brokerage 4.3 3.6
Trading Platform Usability 3.6 2.7
Customer Service 3.4 2.4
Research Capabilities 2.6 2.3
Overall Ratings Rated 3.7 stars Rated 2.5 stars
Broker Rating Zerodha is rated 3.7 of 5 based on 386 customer reviews Upstox is rated 2.5 of 5 based on 82 customer reviews
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Contact Broker / Request A Call Back

  Zerodha Enquire Upstox Enquire
Contact Broker

Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer

FREE Equity Delivery Trading + Flat ₹20 per order for Intra-day and F&O. Get the Exclusive Offer

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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) 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 Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
Enquire ZerodhaEnquire Upstox
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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 - Pros and Cons

  Zerodha Upstox
Pros
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Excellent trading platforms (Kite) available for free.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Brokerage is 0.03% or ₹20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • Direct Mutual Fund Investment is available.
  • Over 10 lakha+ active customers and 10% of daily volume at BSE, NSE and MCX.
  • Zerodha Referral Program offers 10% broekrage share to clients you refer.
  • Good Till Triggered (GTT) order are available. These are simillar to GTC orders.
  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.
  9. Online IPO, FPO, Bonds and NCD's are available.
Cons
  • Doesn't provide stock tips, research reports or recommendations.
  • Call & Trade is charged at extra ₹50 order.
  • Auto Square off is charged at extra ₹50 order.
  • Doesn't offer 3-in-1 account.
  • Doesn't offer unlimited trading plans.
  • Doesn't offer AMC Free Demat account.
  • 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.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and Demat Account.
Reviews
Promo / Offers

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.

FREE Equity Delivery Trading

Open Upstox Trading Account and get brokerage FREE Equity Delivery Trades (₹0 brokerage). Trade in Intra-day and F&O Trades at flat ₹20 per order.

Request Callback
Enquire ZerodhaEnquire Upstox

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.

     

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