Zerodha vs Upstox: Which is Best, Comparison Analysis

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Zerodha Vs Upstox
Zerodha Vs Upstox Comparison

Zerodha

Zerodha is India's largest and most popular stock broker. It offers online flat fee discount brokerage services to invest and trade in Equity, Currency, Commodity, IPO and Direct Mutual Funds. Zerodha charges ₹0 brokerage for equity delivery trades. For intraday and F&O, it charges flat ₹20 or 0.03% (whichever is lower) per executed order. With Zerodha, the maximum brokerage you pay for any transaction is ₹20 for an order (of any size and in any segment).

 

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.

 

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
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

Zerodha Vs Upstox Charges & AMC

Zerodha trading account opening charges is ₹200 while Upstox account opening changes is ₹249. Zerodha Demat Account AMC Charges is ₹300 and Upstox Demat Account AMC Charges is ₹300.

  Zerodha Upstox
Trading Account Opening Charges ₹200 ₹249
Trading Account AMC Charges ₹0 (Free) ₹0 (Free)
Demat Account Opening Charges ₹0 ₹0 (Free)
Demat Account AMC Charges ₹300 ₹300

Zerodha Vs Upstox Brokerage Charges & Plans

Zerodha Vs Upstox Brokerage

Zerodha brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order or .03% whichever is lower whereas Upstox brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order or 0.05% whichever is lower.

  Zerodha Upstox
Account Type Flat Brokerage Plan Upstox Basic
Fixed Charges
Equity Delivery Brokerage ₹0 (Free) ₹0 (Free)
Equity Intraday Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order or 0.05% whichever is lower
Equity Options Brokerage ₹20 per executed order ₹20 per executed order
Currency Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order or 0.05% whichever is lower
Currency Options Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order
Commodity Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order or 0.05% whichever is lower
Commodity Options Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order

Zerodha Vs Upstox Brokerage Plan 2

  Zerodha Upstox
Account Type Flat Brokerage Plan Upstox Priority (Higher Margin)
Fixed Charges NA
Equity Delivery Brokerage ₹0 (Free) ₹0
Equity Intraday Brokerage ₹20 per executed order or .03% whichever is lower ₹30 per executed order or 0.10% whichever is lower
Equity Futures Brokerage ₹20 per executed order or .03% whichever is lower ₹30 per executed order or 0.10% whichever is lower
Equity Options Brokerage ₹20 per executed order ₹30 per executed order
Currency Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹30 per executed order or 0.10% whichever is lower
Currency Options Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹30 per executed order
Commodity Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹30 per executed order or 0.10% whichever is lower
Commodity Options Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹30 per executed order
Enquire Zerodha Enquire Upstox

Zerodha Charges Vs Upstox

Minimum Brokerage Charges 0.03% in Intraday and F&O 0.05%
Other Brokerage Charges Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges ₹50 per executed order ₹20 per trade

Zerodha Vs Upstox Transaction Charges

Zerodha transaction charges for options is NSE ₹5000 per Cr (0.05%) (on premium) while Upstox exchange transaction charges for options is NSE ₹5500 per Cr (0.055%) (on premium).

  Zerodha Upstox
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) NSE ₹325 per Cr (0.00325%) (each side)
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) NSE ₹325 per Cr (0.00325%) (each side)
Equity Futures NSE ₹190 per Cr (0.0019%) NSE ₹210 per Cr (0.0021%)
Equity Options NSE ₹5000 per Cr (0.05%) (on premium) NSE ₹5500 per Cr (0.055%) (on premium)
Currency Futures NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%) NSE ₹130 per Cr (0.0013%) | BSE ₹26 per Cr (0.00026%)
Currency Options NSE ₹3500 per Cr (0.035%) | BSE ₹100 per Cr (0.001%) (on premium) NSE ₹2900 per Cr (0.029%) | BSE ₹2600 per Cr (0.026%) (on premium)
Commodity Group A - ₹260 per Cr (0.0026%) Group A - ₹290 per Cr (0.0029%)
Enquire Zerodha Enquire Upstox

Zerodha Vs Upstox Leverage (Margin)

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

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 No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio No No
Margin Trading Funding Available No No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
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 3:10 PM 3:15 PM
Other Features Direct Mutual Funds, APIs for Algo Trading Option strategy builder
Referral Program
Enquire Zerodha Enquire Upstox

Zerodha Vs Upstox - Pros and Cons

  Zerodha Upstox
Pros
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Excellent trading platforms (Kite) available for free.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Brokerage is 0.03% or ₹20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • Direct Mutual Fund Investment is available.
  • Over 10 lakha+ active customers and 10% of daily volume at BSE, NSE and MCX.
  • Zerodha Referral Program offers 10% broekrage share to clients you refer.
  • Good Till Triggered (GTT) order are available. These are simillar to GTC orders.
  1. Upstox basic plan offers brokerage free trading in Equity Delivery segment.
  2. No brokerage for equity delivery trades.
  3. Free trading software including mobile and web trading app.
  4. Advance orders including AMO, CO and BO are available.
  5. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all.
  6. AmiBroker connector available for Algo Trading.
  7. Mutual Funds are available for investment.
  8. Higher leverage is available under different brokerage plan.
  9. Online IPO, FPO, Bonds and NCD's are available.
Cons
  • Doesn't provide stock tips, research reports or recommendations.
  • Call & Trade is charged at extra ₹50 order.
  • Auto Square off is charged at extra ₹50 order.
  • Doesn't offer 3-in-1 account.
  • Doesn't offer unlimited trading plans.
  • Doesn't offer AMC Free Demat account.
  • 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.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and Demat Account.
Promo / Offers

Free Equity Delivery Trading

Get free equity delivery trading (truly no brokerage) and pay flat ₹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.

FREE Equity Delivery Trading

Open Upstox Trading Account and get brokerage FREE Equity Delivery Trades (₹0 brokerage). Trade in Intra-day and F&O Trades at flat ₹20 per order.

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