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Zerodha Vs Upstox (Compare Zerodha and Upstox)

Zerodha Logo

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% (whichever is lower) per trade. Further, for Options trades, it charges Flat Rs. 20 per executed o... Know more about Zerodha

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Upstox Logo

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 trading platform offers trading, analysis, charting and many more rich trading features. This platfo... Know more about Upstox

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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.

 ZerodhaUpstox
Type of BrokerDiscount BrokerDiscount Broker
Exchnage MembershipNSE, BSE, MCX and NCDEXBSE, NSE, MCX
Year of Incorporation20102012
Number of Branches224
Open Zerodha AccountOpen Upstox Account
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Zerodha Vs Upstox Charges & AMC

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.

 ZerodhaUpstox
Trading Account Opening ChargesRs 0Rs 0 (Free)
Trading Account AMC ChargesRs 0 (Free)Rs 0 (Free)
Demat Account Opening ChargesRs 0Rs 0 (Free)
Demat Account AMC ChargesRs 300Rs 150
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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 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 TypeZerodha Flat Brokerage PlanUpstox Default
Fixed ChargesNA
Equity DeliveryRs 0 (Free)Rs 20 per executed order or 2.5% whichever is low
Equity IntradayRs 20 per executed order or .03% whichever is lowerRs 20 per executed order or 0.05% whichever is lower
Equity FuturesRs 20 per executed order or .03% whichever is lowerRs 20 per executed order or 0.05% whichever is lower
Equity OptionsRs 20 per executed orderRs 20 per executed order
Currency FuturesRs 20 per executed order or .03% whichever is lowerRs 20 per executed order or 0.05% whichever is lower
Currency OptionsRs 20 per executed orderRs 20 per executed order
Commodity FuturesRs 20 per executed order or .03% whichever is lowerRs 20 per executed order or 0.05% whichever is lower
Commodity OptionsRs 20 per executed orderRs 20 per executed order
Special Offer
Special Offer: Invest with zero brokerage in Equity Delivery and Direct Mutual Funds. Pay a flat ₹20 per trade for Intraday and F&O. Open an instant account (FREE) with Zerodha and start trading today.
Special Offer: Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

Zerodha Charges Vs Upstox

Minimum Brokerage0.03% in Intraday and F&O0.05%
Other ChargesPhysical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMSAuto Square-off Charges: Rs 50
Call & Trade ChargesRs 50 per executed orderRs 20 per trade
Open Zerodha AccountOpen Upstox Account
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Zerodha Vs Upstox Leverage (Margin)

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.

 ZerodhaUpstox
Equity Delivery100% of trade value (1x leverage)100% of trade value (1x leverage)
Equity IntradayUp 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 AccountOpen Upstox Account
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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.

 ZerodhaUpstox
3 in 1 AccountNoNo
Automated TradingYesYes
Margin Trading FundingYesYes
Margin Against Shares (Equity Cash)YesNo
Margin Against Shares (Equity F&O)YesYes
Trading PlatformKite Web, Kite Mobile for Android/iOS and CoinUpstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off TimeEq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close3:00 PM
Trading In SME Shares Allowed?YesYes
Referral ProgramYesYes
Other FeaturesDirect Mutual Funds, APIs for Algo TradingOption strategy builder
Open Zerodha AccountOpen Upstox Account
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Zerodha Vs Upstox Review

Zerodha is rated of 5 based on 491 customer reviews whereas Upstox is rated of 5 based on 149 customer reviews.

 ZerodhaUpstox
 491 Customer Reviews    Rate Zerodha149 Customer Reviews    Rate Upstox
FeesRated 3.6 starsRated 3.3 stars
BrokerageRated 4.2 starsRated 3.3 stars
Trading PlatformRated 3.6 starsRated 2.6 stars
Customer ServiceRated 3.4 starsRated 2.3 stars
Research CapabilitiesRated 2.8 starsRated 2.2 stars
Overall RatingRated 3.6 starsRated 2.4 stars
Broker RatingZerodha is Rated 3.6 / 5 based on 491 customer reviewsUpstox is Rated 2.4 / 5 based on 149 customer reviews
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Contact Broker / Request A Call Back

 ZerodhaUpstox
Contact Broker
Invest with zero brokerage in Equity Delivery and Direct Mutual Funds. Pay a flat ₹20 per trade for Intraday and F&O. Open an instant account (FREE) with Zerodha and start trading today.
Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.
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Zerodha Vs Upstox Investment Options

 ZerodhaUpstox
Stock / EquityYesYes
CommodityYesYes
IPOYesYes
Mutual FundsYesNo
Bond / NCDNoNo
DebtNoNo
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Zerodha Vs Upstox Order Type Offered

 ZerodhaUpstox
Bracket OrderNoNo
Cover OrderYesYes
Buy Today Sell Tomorrow (BTST)NoNo
Sell Today Buy Tomorrow (STBT)NoNo
After Market Order (AMO)YesYes
Good Till Cancelled (GTC)YesYes
Open Zerodha AccountOpen Upstox Account
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Zerodha Vs Upstox Suitable For Investor Type

 ZerodhaUpstox
Casual InvestorYesYes
Active InvestorYesYes
TraderYesYes
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Zerodha Vs Upstox - Pros and Cons

 ZerodhaUpstox
Pros
  • Free account opening for people under 25.
  • India's leading broker in terms of the number of active clients, exchange volume and brokerage revenue.
  • 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 Mutual Fund investment.
  • Flat Rs 20 per trade brokerage for all other segments including equity delivery.
  • Offer direct mutual funds.
  • One app for trading in equity, currency, and commodity.
  • Margin Trading Facility (MTF) is available at interest rate of Rs 20/day for slabs of Rs 40,000.
  • Margin Against Share is available
  • Online IPO, FPO, Bonds, and NCD's are available.
  • Good-Till-Triggered (GTT) orders 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.
  • Equity delivery brokerage fee is Rs 20 per trade. Other brokers like Zerodha offers brokerage-free equity delivery trades.
  • Doesn't offer unlimited trading plans.
  • Doesn't offer margin funding for delivery trades.
  • Doesn't offer stock tips or recommendations.
  • Doesn't offer a 3-in-1 account.
  • Doesn't offer 24/7 customer support.
  • Doesn't offer API access for automated trading.
  • Doesn't offer NRI Trading and Demat account.
  • Doesn't offer BTST
  • Doesn't offer digital gold.
  • Call-and-trade fee is Rs 20 per executed order extra.
  • Automatic settlement charges an additional Rs 50 per executed order.
  • Higher Demat Debit Transaction charges (Rs 18.5 per ISIN). Zerodha charges Rs 13.5.
  • Intraday square-off at 3 PM. Most other brokers do it at 3:15 PM.
Reviews
Promo / Offers

Zerodha Special Offer

Free Stock Trading and Mutual Funds

  • Free account opening for everyone
  • Zero brokerage on Equity Delivery trades
  • Flat ₹20 per trade for Intraday and F&O
  • Zero brokerage on Mutual Fund investments
  • Trade with India's leading trading platform

Limited-time offer!
Open your instant Zerodha account online and start trading today.

Upstox Special Offer

Exclusive offer by Upstox

  • Pay flat Rs 20 for Eq Delivery, Intra-day and F&O Trades.
  • Pay Rs 0 commission for Mutual Funds.

It is a limited-time offer. Open Instant Account and start trading the same day.

Open Zerodha AccountOpen Upstox Account

Frequently Asked Questions

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.
Discuss this question

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.

Discuss this question

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 3rd 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.

Discuss this question

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:

  • 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
Discuss this question

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.
Discuss this question

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.

Discuss this question
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