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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 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) for trading in Stock, Commodity and Currency Derivative. It charges brokerage of 0.01% or Rs 20 per executed order, wh... 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 What is this parameter? Discount Broker Discount Broker
Supported Exchnage What is this parameter? NSE, BSE, MCX and NCDEX BSE, NSE, MCX
Account Type What is this parameter? 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.
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Stock Broker Fees / Charges

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

Brokerage Plan 1

  Zerodha Upstox
Account Type Standard Plan Upstox Basic
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? ₹0 (Free) ₹0
Equity Intraday Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower ₹20 per trade or 0.01% (whichever is lower)
Equity Futures Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower ₹20 per trade or 0.01% (whichever is lower)
Equity Options Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower ₹20 per trade or 0.01% (whichever is lower)
Currency Futures Trading Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower ₹20 per trade or 0.01% (whichever is lower)
Currency Options Trading Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower ₹20 per trade or 0.01% (whichever is lower)
Commodity Trading Brokerage What is this parameter? ₹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 What is this parameter? ₹0
Equity Delivery Brokerage What is this parameter? ₹0 (Free) ₹0
Equity Intraday Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower ₹30 per trade or 0.05% (whichever is lower)
Equity Futures Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower ₹30 per trade or 0.05% (whichever is lower)
Equity Options Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower ₹30 per trade or 0.05% (whichever is lower)
Currency Futures Trading Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower ₹30 per trade or 0.05% (whichever is lower)
Currency Options Trading Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower ₹30 per trade or 0.05% (whichever is lower)
Commodity Trading Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower ₹30 per trade or 0.05% (whichever is lower)

Other Charges

Minimum Brokerage Charges What is this parameter? ₹0 ₹0
Other Brokerage Charges What is this parameter? Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges What is this parameter? ₹20 per executed order ₹20 per trade
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Taxes

  Zerodha Upstox
Securities Transaction Tax (STT) What is this parameter?
  • 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 What is this parameter? Check table below Check table below
SEBI Charges What is this parameter? Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) What is this parameter? 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty What is this parameter? 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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Transaction Charges

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

  Zerodha Upstox
Equity Delivery What is this parameter? 1x (no margin) 1x
Equity Intraday What is this parameter? Up to 20x (based on the stock) Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x
Equity Futures What is this parameter? 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 What is this parameter? 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 What is this parameter? 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 What is this parameter? 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 What is this parameter? Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x
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Share Broker Features

  Zerodha Upstox
3 in 1 Account What is this parameter? No No
Mobile Trading What is this parameter? Yes Yes
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? Yes No
After Trading Hour Orders What is this parameter? Yes Yes
Good Till Cancelled (GTC) What is this parameter? No No
SMS Alerts What is this parameter? No No
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? No No
Margin Trading Funding Available What is this parameter? No No
Combined Ledger for Equity and Commodity What is this parameter? No No
Trading Platform What is this parameter? Kite Web, Kite Android/iOS, Pi, Coin Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time What is this parameter? 3:10 PM 3:15 PM
Other Features What is this parameter? Direct Mutual Funds
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Broker Ratings (Average User Rating)

  Zerodha Upstox
  316 Customer Reviews    Rate Zerodha 39 Customer Reviews    Rate Upstox
Fees Ratings 3.8 3.6
Trading Brokerage Rating 4.4 3.7
Trading Platform Usability 3.6 2.8
Customer Service Ratings 3.6 2.5
Overall Ratings Rated 3.8 stars Rated 2.5 stars
Broker Rating Zerodha is Rated 3.8 / 5 based on 316 customer reviews Upstox is Rated 2.5 / 5 based on 39 customer reviews
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Contact Broker / Request A Call Back

  Zerodha Upstox
Contact / Request Call Back
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Investment Options Available

  Zerodha Upstox
Stock / Equity What is this parameter? Yes Yes
Commodity What is this parameter? Yes Yes
Currency What is this parameter? Yes Yes
Initial Public Offers (IPO) What is this parameter? No No
Mutual Funds What is this parameter? Yes No
Bond / NCD What is this parameter? No No
Debt What is this parameter? No No
Other Investment Options What is this parameter?
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Customer Service Offered

  Zerodha Upstox
24/7 Customer Service What is this parameter? No No
Email Support What is this parameter? Yes Yes
Onine Live Chat What is this parameter? No No
Phone Support What is this parameter? Yes Yes
Toll Free Number What is this parameter? No No
Through Branches What is this parameter? No No
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Research / Tips / Reports Published

  Zerodha Upstox
Daily Market Report What is this parameter? No No
Free Tips What is this parameter? No No
Quarterly Result Analysis What is this parameter? No No
News Alerts What is this parameter? No No
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Suitable for Investor Category

  Zerodha Upstox
Casual Investor What is this parameter?
Active Investor What is this parameter? Yes Yes
Trader What is this parameter? Yes Yes

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Pros, Cons and Other Review Comments

  Zerodha Upstox
Pros What is this parameter?
  • 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 What is this parameter?
  • 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 What is this parameter? Useful Articles about Zerodha: Useful articles about Upstox:
Promo / Offers What is this parameter?

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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