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

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	Default
Fixed Charges		NA
Equity Delivery	Rs 0 (Free)	Rs 0 (Free)
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 or .03% whichever is lower	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 or .03% whichever is lower	Rs 20 per executed order
Special Offer	Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today.	Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online 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

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%)
	Open Zerodha Account	Open Upstox Account

Zerodha Vs Upstox Leverage (Margin)

Zerodha margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Upstox margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	Zerodha	Upstox
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
	Open Zerodha Account	Open Upstox Account

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
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	3:00 PM
Other Features	Direct Mutual Funds, APIs for Algo Trading	Option strategy builder
Referral Program
	Open Zerodha Account	Open Upstox Account

Zerodha Vs Upstox Review

Zerodha is rated 3.7 of 5 based on 434 customer reviews whereas Upstox is rated 2.4 of 5 based on 115 customer reviews.

	Zerodha	Upstox
	434 Customer Reviews	115 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Zerodha is rated 3.7 of 5 based on 434 customer reviews	Upstox is rated 2.4 of 5 based on 115 customer reviews

Zerodha Vs Upstox Investment Options

	Zerodha	Upstox
Stock / Equity
Commodity
Currency
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)
	Open Zerodha Account	Open Upstox Account

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	India's No. 1 broker in terms of the number of active clients and exchange volume. 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 trading in Equity Delivery (Cash & Carry). Zero brokerage for Mutual Fund and digital gold investment. Flat Rs 20 per trade brokerage for all other segments. Offer direct mutual funds. Free trading software for mobile and web browsers. One app for trading in equity, currency, and commodity. Margin Against Share is available Online IPO, FPO, Bonds, and NCD's 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.	No margin funding. It does not offer the 'Good Till Canceled (GTC) order type. It does not offer BTST facility. Unlimited monthly plans not available. No stock tips or recommendations. It charges an additional fee for call & trade. It charges an additional fee of Rs 50 for auto-square-off done by the broker. Higher demat debit transaction charges. Upstox doesn't offer NRI Trading and Demat Account. Intraday square-off at 3 PM. Most other brokers do it at 3:15 PM.
Reviews
Promo / Offers	Free Equity Delivery Trading and Mutual Funds Brokerage-free Equity Delivery 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 Instant Zerodha Account online and start trading today.	Free Equity Delivery Trading & Mutual Funds Pay Rs 0 Brokerage for Equity Delivery, Mutual Funds, and Digital Gold. Pay flat Rs 20 for Intra-day and F&O Trades. Trade with the best trading platform. It is a limited-time offer. Open Instant Account online and start trading the same day.
	Open Zerodha Account	Open Upstox Account

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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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.

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