About Zerodha
Zerodha is India's leading stockbroker. It is among the largest and most reputed brokers offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO, Futures & Options, Bonds, Govt. Securities, and Direct Mutual Funds.
Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and Futures, it charges flat Rs 20 or 0.03... 
About 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 tra...
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 trading account opening charges is Rs 0 while Upstox account opening changes is Rs 0 (Free). Zerodha Demat Account AMC Charges is Rs 300 and Upstox Demat Account AMC Charges is Rs 150.
| Zerodha | Upstox | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 | Rs 0 (Free) |
| 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 150 |
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 20 per executed order or 2.5% whichever is low and intraday is Rs 20 per executed order or 0.05% whichever is lower.
| Account Type | Zerodha Flat Brokerage Plan | Upstox Default |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | Rs 0 (Free) | Rs 20 per executed order or 2.5% whichever is low |
| 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 | 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 | Rs 20 per executed order |
| Special Offer | Special Offer:
₹0 Brokerage on Equity Delivery & Mutual Funds
India’s most trusted trading platform 💹 🔓 Open Account – FREE⏱ 5 min | 100% Online | Paperless | Special Offer: Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today. |
| 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 |
| Open Zerodha Account | Open Upstox Account |
Zerodha margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Upstox margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Zerodha | Upstox | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
| Open Zerodha Account | Open Upstox Account |
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 |  | |
| Automated Trading |  | |
| 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 |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | Direct Mutual Funds, APIs for Algo Trading | Option strategy builder |
| Open Zerodha Account | Open Upstox Account |
Zerodha is rated of 5 based on 492 customer reviews whereas Upstox is rated of 5 based on 150 customer reviews.
| Zerodha | Upstox | |
|---|---|---|
492 Customer Reviews  | 150 Customer Reviews | |
| Fees |  |  |
| Brokerage |  | |
| Trading Platform | |  |
| Customer Service |  |  |
| Research Capabilities |  |  |
| Overall Rating | |  |
| Broker Rating | Zerodha is Rated 3.6 / 5 based on 492 customer reviews | Upstox is Rated 2.4 / 5 based on 150 customer reviews |
| Zerodha | Upstox | |
|---|---|---|
| Contact Broker |
₹0 Brokerage on Equity Delivery & Mutual Funds
India’s most trusted trading platform 💹 🔓 Open Account – FREE⏱ 5 min | 100% Online | Paperless | Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today. |
| Zerodha | Upstox | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| 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 | Upstox | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Zerodha | Upstox | |
|---|---|---|
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| Reviews | ||
| Promo / Offers | Zerodha Special OfferFree Stock Trading and Mutual Funds
Limited-time offer! | Upstox Special OfferExclusive offer by Upstox
It is a limited-time offer. Open Instant Account and start trading the same day. |
| Open Zerodha Account | Open Upstox Account |
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:
Zerodha is a safe, genuine, and reliable broker for trading for the below-stated reasons reflecting its safety.
Thus, Zerodha is as safe as any other broker in the market for trading.
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