Zerodha Vs Upstox (Compare Zerodha and Upstox)

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
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Zerodha Vs Upstox Charges & AMC

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

	Zerodha	Upstox
Trading Account Opening Charges	Rs 200	Rs 249
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 300

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 0 (Free) and intraday is Rs 20 per executed order or 0.05% whichever is lower.

	Zerodha	Upstox
Account Type	Flat Brokerage Plan	Upstox Basic
Fixed Charges		NA
Equity Delivery Brokerage	Rs 0 (Free)	Rs 0 (Free)
Equity Intraday Brokerage	Rs 20 per executed order or .03% whichever is lower	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage	Rs 20 per executed order or .03% whichever is lower	Rs 20 per executed order or 0.05% whichever is lower
Equity Options Brokerage	Rs 20 per executed order	Rs 20 per executed order
Currency Futures Trading Brokerage	Rs 20 per executed order or .03% whichever is lower	Rs 20 per executed order or 0.05% whichever is lower
Currency Options Trading Brokerage	Rs 20 per executed order or .03% whichever is lower	Rs 20 per executed order
Commodity Futures Trading Brokerage	Rs 20 per executed order or .03% whichever is lower	Rs 20 per executed order or 0.05% whichever is lower
Commodity Options Trading Brokerage	Rs 20 per executed order or .03% whichever is lower	Rs 20 per executed order
Special Offer	Special Offer: Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades. Get the offer	Special Offer: 30 days unlimited brokerage credit + Flat Rs 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	Rs 0 (Free)	Rs 0
Equity Intraday Brokerage	Rs 20 per executed order or .03% whichever is lower	Rs 30 per executed order or 0.10% whichever is lower
Equity Futures Brokerage	Rs 20 per executed order or .03% whichever is lower	Rs 30 per executed order or 0.10% whichever is lower
Equity Options Brokerage	Rs 20 per executed order	Rs 30 per executed order
Currency Futures Trading Brokerage	Rs 20 per executed order or .03% whichever is lower	Rs 30 per executed order or 0.10% whichever is lower
Currency Options Trading Brokerage	Rs 20 per executed order or .03% whichever is lower	Rs 30 per executed order
Commodity Futures Trading Brokerage	Rs 20 per executed order or .03% whichever is lower	Rs 30 per executed order or 0.10% whichever is lower
Commodity Options Trading Brokerage	Rs 20 per executed order or .03% whichever is lower	Rs 30 per executed order
	Enquire Zerodha	Enquire Upstox

Zerodha Charges Vs Upstox

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

Zerodha Vs Upstox Transaction Charges

Zerodha transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium) while Upstox exchange transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium).

	Zerodha	Upstox
Equity Delivery	NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)	NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday	NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)	NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures	NSE Rs 200 per Cr (0.002%)	NSE Rs 200 per Cr (0.002%)
Equity Options	NSE Rs 5300 per Cr (0.053%) (on premium)	NSE Rs 5300 per Cr (0.053%) (on premium)
Currency Futures	NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)	NSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%)
Currency Options	NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium)	NSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium)
Commodity	Group A - Rs 260 per Cr (0.0026%)	Group A - Rs 290 per Cr (0.0029%)
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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
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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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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	3:15 PM
Other Features	Direct Mutual Funds, APIs for Algo Trading	Option strategy builder
Referral Program
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Zerodha Vs Upstox Review

Zerodha is rated 3.7 of 5 based on 418 customer reviews whereas Upstox is rated 2.5 of 5 based on 106 customer reviews.

	Zerodha	Upstox
	418 Customer Reviews	106 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Zerodha is rated 3.7 of 5 based on 418 customer reviews	Upstox is rated 2.5 of 5 based on 106 customer reviews

Zerodha Vs Upstox Investment Options

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

Zerodha Vs Upstox Order Type Offered

	Zerodha	Upstox
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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Zerodha Vs Upstox Research Report

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

Zerodha Vs Upstox Suitable For Investor Type

	Zerodha	Upstox
Casual Investor
Active Investor
Trader

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 Rs 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.	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. 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 Rs 50 order. Auto Square off is charged at extra Rs 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. Doesn't offer BTST facility.
Reviews
Promo / Offers	Free Equity Delivery Trading Get free equity delivery trading (truly no brokerage) and pay flat Rs 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.	Get 30 Days Unlimited Trading Join over 20 lakh traders. Open an account and get 30 days unlimited brokerage credit. Trade in Intra-day and F&O Trades at flat Rs 20 per order. Request Callback
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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.

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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.

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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 3^rd 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.

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4. 4. Which is best Upstox vs Zerodha?

   Both Upstox and Zerodha are leading online discount stock brokers in India. Zerodha is ranked 1^st and Upstox is ranked 2^nd. 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

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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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