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.
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Zerodha |
Upstox |
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| About the Broker |
Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage Company) for trading in Stock, Commodity and Currency Derivative. It charges a brokerage of 0.01% or Rs 20 per executed...  |
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
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Discount Broker |
Discount Broker |
| Supported Exchnage
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NSE, BSE, MCX and NCDEX |
BSE, NSE, MCX |
| Account Type
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Standard Plan |
Upstox Basic |
| Broker Enquiry |
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Stock Broker Fees / Charges
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Zerodha |
Upstox |
| Trading Account Opening Fees
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₹300 |
₹150 (Eq and F&O), ₹150 (MCX) |
| Trading Account AMC
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₹0 (Free) |
₹0 |
| Demat Account Opening Fees
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₹100 |
₹0 |
| Demat Account AMC
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₹300 |
₹150 |
| Demat Account is Mandatory?
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No |
No |
Trading Brokerage Charges
Brokerage Plan 1
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Zerodha |
Upstox |
| Account Type |
Standard Plan |
Upstox Basic |
| Fixed Charges
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| Equity Delivery Brokerage
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₹0 (Free) |
₹0 |
| Equity Intraday Brokerage
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₹20 per executed order or .01% whichever is lower |
₹20 per trade or 0.01% (whichever is lower) |
| Equity Futures Brokerage
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₹20 per executed order or .01% whichever is lower |
₹20 per trade or 0.01% (whichever is lower) |
| Equity Options Brokerage
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₹20 per executed order or .01% whichever is lower |
₹20 per trade or 0.01% (whichever is lower) |
| Currency Futures Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
₹20 per trade or 0.01% (whichever is lower) |
| Currency Options Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
₹20 per trade or 0.01% (whichever is lower) |
| Commodity Futures Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
₹20 per trade or 0.01% (whichever is lower) |
| Commodity Options Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
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Brokerage Plan 2
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Zerodha |
Upstox |
| Account Type |
Standard Plan |
Upstox Priority |
| Fixed Charges
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₹0 |
| Equity Delivery Brokerage
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₹0 (Free) |
₹0 |
| Equity Intraday Brokerage
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₹20 per executed order or .01% whichever is lower |
₹30 per trade or 0.05% (whichever is lower) |
| Equity Futures Brokerage
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₹20 per executed order or .01% whichever is lower |
₹30 per trade or 0.05% (whichever is lower) |
| Equity Options Brokerage
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₹20 per executed order or .01% whichever is lower |
₹30 per trade or 0.05% (whichever is lower) |
| Currency Futures Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
₹30 per trade or 0.05% (whichever is lower) |
| Currency Options Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
₹30 per trade or 0.05% (whichever is lower) |
| Commodity Futures Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
₹30 per trade or 0.05% (whichever is lower) |
| Commodity Options Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
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Other Charges
| Minimum Brokerage Charges
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₹0 |
₹0 |
| Other Brokerage Charges
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Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS |
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| Call & Trade Charges
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₹20 per executed order |
₹20 per trade |
Taxes
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Zerodha |
Upstox |
| Securities Transaction Tax (STT)
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- 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)
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- 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)
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| Exchange Transaction Charges
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Check table below |
Check table below |
| SEBI Charges
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Rs 15 per Crore |
Rs 15 per Crore |
| Goods and Services Tax (GST)
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18% on (brokerage + transaction charges) |
18% on (brokerage + transaction charges) |
| Stamp Duty
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Charged as per the state of the client's correspondence address. |
Charged as per the state of the client's correspondence address. |
Transaction Charges
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Zerodha |
Upstox |
| Equity Delivery
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NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) |
NSE ₹325 | BSE ₹275 |
| Equity Intraday
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NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) |
NSE ₹325 | BSE ₹275 |
| Equity Futures
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NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side) |
NSE ₹210 |
| Equity Options
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NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium) |
NSE ₹5500 |
| Currency Futures
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NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%) |
₹150 |
| Currency Options
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NSE ₹4000 per Cr (0.04%) | BSE ₹100 per Cr (0.001%) (on premium) |
₹6000 |
| Commodity
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Group A - ₹260 per Cr (0.0026%) |
MCX ₹260/Cr |
Exposure
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Zerodha |
Upstox |
| Equity Delivery
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1x (no margin) |
1x |
| Equity Intraday
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Up to 20x (based on the stock) |
Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x |
| Equity Futures
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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
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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
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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
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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
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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
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Zerodha |
Upstox |
| 3 in 1 Account
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| Charting
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| Automated Trading
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| SMS Alerts
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| Online Demo
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| Online Portfolio
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| Margin Trading Funding Available
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| Margin Against Shares (Equity Cash)
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| Margin Against Shares (Equity F&O)
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| Trading Platform
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Kite Web, Kite Android/iOS, Pi, Coin |
Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola |
| Intraday Square-off Time
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3:10 PM |
3:15 PM |
| Other Features
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Direct Mutual Funds |
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Broker Ratings (Average User Rating)
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Zerodha |
Upstox |
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329 Customer Reviews  |
49 Customer Reviews |
| Fees Ratings |
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| Trading Brokerage Rating |
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| Trading Platform Usability |
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| Customer Service Ratings |
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| Overall Ratings |
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| Broker Rating |
Zerodha is Rated 3.8 / 5 based on 329 customer reviews |
Upstox is Rated 2.6 / 5 based on 49 customer reviews |
Contact Broker / Request A Call Back
Investment Options Available
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Zerodha |
Upstox |
| Stock / Equity
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| Commodity
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| Currency
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| Initial Public Offers (IPO)
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| Mutual Funds
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| Bond / NCD
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| Debt
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| Other Investment Options
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Customer Service Offered
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Zerodha |
Upstox |
| 24/7 Customer Service
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| Onine Live Chat
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| Through Branches
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Order Type
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Zerodha |
Upstox |
| Bracket Order
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| Cover Order
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| Buy Today Sell Tomorrow (BTST)
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| Sell Today Buy Tomorrow (STBT)
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| After Market Order(AMO)
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| Good Till Cancelled (GTC)
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Research / Tips / Reports Published
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Zerodha |
Upstox |
| Daily Market Report
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| Free Tips
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| Quarterly Result Analysis
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| News Alerts
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Suitable for Investor Category
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Zerodha |
Upstox |
| Casual Investor
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| Active Investor
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| Trader
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Pros, Cons and Other Review Comments
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Zerodha |
Upstox |
| Pros
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- 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
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- 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.
- Upstox doesn't offer NRI Trading and Demat Account.
More Disadvantages... |
| Reviews
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Useful Articles about Zerodha:
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Useful articles about Upstox:
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| Promo / Offers
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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.
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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.
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Enquire about Zerodha
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Enquire about Upstox
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Zerodha
Zero Account Opening Fee