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).
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 more than 20branches across India. Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India.
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: 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 newSEBI policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2022. Brokers cannot offer ‘additional margin’ like 40x in any segment. All brokers will offer the same margin exposure or leverage.
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 relatively older trading company whereas Upstox is newer and is trying to establish itself in the top league of trading firms in india.
Contact Broker / Request A Call Back
| Zerodha Enquire | Upstox Enquire | |
|---|---|---|
| Contact Broker | 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. | 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 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 availableOnline 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 FundsBrokerage-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 FundsPay 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 |
Frequently Asked Questions
- 1. Why Zerodha is better than upstox? While both Zerodha and Upstox have their positives, Zerodha scores over Upstox on following counts:
- Zerodha continues making massive investments in technology.
- Zerodha offers a range of excellent trading platforms and tools.
- Zerodha offers online IPO application services.
- Zerodha offers a free direct mutual fund platform to its customers.
- Zerodha management decision-making is faster as it doesn’t have investors on board.
- 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.
- 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 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.ConclusionZerodha is better than Upstox because of its strong focus on technology, clarity in business strategies, strong management and a very trusted pool of employees.
- 4. Which is best Upstox vs Zerodha?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
- 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
- 6. Is Zerodha safe for trading?Zerodha is a safe, genuine, and reliable broker for trading for the below-stated reasons reflecting its safety.
- India’s No.1 Broker.
- SEBI registered Stock Broker.
- Member of BSE and NSE.
- Debt-free company.
- No Proprietary
- Trusted by millions of happy customers.
- No Margin funding by the broker.Thus, Zerodha is as safe as any other broker in the market for trading.