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 No. 1 stockbroker. It is largest and most popular broker offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds.
Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is Rs 20 for an order (of any size, amount or segment).
Ze...
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...
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 |
![]() |
![]() |
Enquire Zerodha | Enquire Upstox |
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 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 | 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 |
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 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%) |
Enquire Zerodha | Enquire Upstox |
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 Zerodha | Enquire Upstox |
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 | ![]() |
![]() |
Enquire Zerodha | Enquire Upstox |
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 | |
---|---|---|
Bracket Order | ![]() |
![]() |
Cover Order | ![]() |
![]() |
Buy Today Sell Tomorrow (BTST) | ![]() |
![]() |
Sell Today Buy Tomorrow (STBT) | ![]() |
![]() |
After Market Order(AMO) | ![]() |
![]() |
Good Till Cancelled (GTC) | ![]() |
![]() |
Enquire Zerodha | Enquire Upstox |
Zerodha | Upstox | |
---|---|---|
Pros |
|
|
Cons |
|
|
Reviews | ||
Promo / Offers | Free Equity Delivery TradingGet 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 TradingJoin 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 |
Enquire Zerodha | Enquire Upstox |
While both Zerodha and Upstox have their positives, Zerodha scores over Upstox on following counts:
Both Upstox and Zerodha are popular online discount brokers. Upstox is better than Zerodha in following ways:
Upstox and Zerodha are quite similar in terms of product and services offers, pricing and trading software.
Upstox and Zerodha offer similar products and services, charge the same brokerage and both have an excellent trading platform.
Upstox Vs Zerodha Difference
Upstox Vs Zerodha Similarities
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.
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:
Overall Zerodha is better than Upstox in terms of following facts:
Best of
Top Stock Brokers in India Top 10 Discount Brokers Top 10 Full-Service Brokers Lifetime Free Demat Account Best Broker for Beginners More Reports...Reviews (Discount Broker)
Zerodha (₹20/trade) Edelweiss (₹10/trade) Upstox (₹20/trade) 5paisa (₹20/trade) ProStocks (₹899 Unlimited) More Brokers...Reviews (Full-service)
ICICI Direct Motilal Oswal HDFC Sec Sharekhan IIFL Securities More Brokers...Compare Brokers
Broker Articles / Tutorials Compare Share Brokers Side-by-Side Comparison Broker Complaints Monitor Broker Glossary Special OffersTrading Platform Reviews
Zerodha Kite Review Sharekhan TradeTiger Omnesys NEST Review ODIN Review NSE NOW Review More Reviews...Options Basics
Options Trading HomepageBroker Reviews
Zerodha Review 5paisa Review ProStocks Review Sharekhan Review Angel Broking Review ICICI DirectOptions Trading Platform
Kite Zerodha Trade Tiger Sharekhan Omnisys NEST Upstox RKSV Fyers One Fyers ScalperT FinvasiaBest of
NRI HomepageNRI Trading Guide
Trading Account Basics Trading Requirements Demat Account Explained USA NRI Trading Account Trading in Derivatives More Articles...History of Chittorgarh
History of Chittorgarh Maharana Pratap Meera Bai Panna Dhai Rani Padmini Jainism & Chittor (Hindi)Chittorgarh City Info
Chittorgarh City Map Hotels / Resorts Sainik School Chittorgarh Cement Industry Hindustan Zinc