Upstox vs Zerodha| Which Is Better for Trading | Updated 2024

In this guide, we will compare Upstox vs Zerodha share brokers in India. This article will help you clarify which stock broker is good for you.

In case you are in hurry and want a quick comparison of Upstox vs Zerodha, here it is:

Upstox vs Zerodha| Which Is Better for Trading | Updated 2024

While comparing Upstox vs Zerodha, Zerodha is a discount broker in India and charges a flat fee of Rs. 20 per trade across segments, irrespective of the trade value.

Upstox also offers discounted brokerage rates ranging from Rs. 20 to Rs. 30 per trade. In terms of brokerage charges, Zerodha has a slight edge.

Zerodha vs Upstox Overview 

About Zerodha

Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India. Zerodha is primarily a discount brokerage firm that offers a wide range of investment services. It provides trading and investment options in stocks, mutual funds, commodities, currency derivatives, bonds, and more.

The account opening charges for Zerodha are Rs 200, and Zerodha imposes an annual AMC (Annual Maintenance Charge) of Rs 300 for its Demat Account.

About Upstox

Incorporated in 2012, Upstox is a prominent online discount brokerage firm in India. It offers a platform for trading in various financial instruments, including stocks, commodities, derivatives, and more. It offers trading at BSE, NSE, MCX. It has 4 branches across India.

Upstox trading account opening charges are Rs 0 (Free) and Upstox Account AMC Charges are also Rs 0 (Free).

ParticularsZerodhaUpstox
FoundersNithin KamathRavi Kumar
Year of Incorporation 20102012
Type of Broker Discount BrokerDiscount Broker
Exchange Membership NSE, BSE, MCX and NCDEXNSE, BSE, and MCX
Number of Branches 224
HeadquarterBangalore, IndiaMumbai, India

What is Demat Account?

A Demat account is used for holding securities/shares in electronic form, and the securities are deposited through National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).

Zerodha charges Online Rs 200 (Equity +Currency) and Rs 300 (Equity +Currency +Commodities) for account opening, whereas upstox Upstox account opening changes is Rs 0 (Free)

What is Demat AMC Charges?

When you open a Demat account with a Depository Participant (DP) or a stockbroker, you are required to pay an annual fee for the maintenance of your Demat account. This fee is known as the Demat AMC charge.

Zerodha AMC charges for demat account is Rs 300 per annum, whereas Upstox Demat Account AMC Charges is Rs 150.

Particulars ZerodhaUpstox
Trading Account Opening Charges Rs 200Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free)Rs 0 (Free)
Demat Account Opening Charges Rs 0Rs 0 (Free)
Demat Account AMC Charges Rs 300Rs 150

Upstox vs Zerodha Brokerage Charges

Account TypeZerodhaUpstox
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 lowerRs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 20 per executed order or .03% whichever is lowerRs 20 per executed order or 0.05% whichever is lower
Equity Options Rs 20 per executed orderRs 20 per executed order
Currency Futures Rs 20 per executed order or .03% whichever is lowerRs 20 per executed order or 0.05% whichever is lower
Currency Options Rs 20 per executed orderRs 20 per executed order
Commodity Futures Rs 20 per executed order or .03% whichever is lowerRs 20 per executed order or 0.05% whichever is lower
Commodity Options Rs 20 per executed orderRs 20 per executed order

Upstox vs Zerodha other charges

Other Brokerage ChargesZerodhaUpstox
Minimum Brokerage 0.03% in Intraday and F&O0.05%
Other Charges Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMSAuto Square-off Charges: Rs 50
Call & Trade Charges Rs 50 per executed orderRs 20 per trade

Upstox vs Zerodha Transaction Charges

Type ZerodhaUpstox
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)NSE Rs 325 per Cr (0.00325%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)NSE Rs 325 per Cr (0.00325%) (each side)
Equity Futures NSE Rs 190 per Cr (0.0019%)NSE Rs 190 per Cr (0.0019%)
Equity Options NSE Rs 6250 per Cr (0.0625%) (on premium)NSE Rs 5000 per Cr (0.050%) (on premium)
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 25 per Cr (0.00025%)NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)
Currency Options NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium)NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity Group A – Rs 260 per Cr (0.0026%)Group A – Rs 290 per Cr (0.0029%)

Upstox vs Zerodha Leverage (Margin)/Equity Exposure

Leverage (Margin)/Equity ExposureZerodhaUpstox
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 (Equity, Currency, Commodity) 100% of NRML margin (Span + Exposure) (1x leverage)100% of NRML margin (Span + Exposure) (1x leverage)

Compare Zerodha And Upstox Features

FeaturesZerodhaUpstox
3 in 1 Account NoNo
Charting YesYes
Automated Trading YesNo
SMS Alerts NoNo
Online Demo YesYes
Online Portfolio NoNo
Margin Trading Funding NoYes
Margin Against Shares (Equity Cash) YesNo
Margin Against Shares (Equity F&O) YesYes
Trading Platform Kite Web, Kite Mobile for Android/iOS and CoinUpstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time Eq Cash: 3:15 PM, Equity F&O : 3:25 PM, and Currency: 4:45 PM3:00 PM

Customer Support – Compare Zerodha with Upstox

Customer Service ZerodhaUpstox
24/7 Customer Service NoNo
Email Support YesYes
Online Live Chat NoYes
Phone Support YesYes
Toll Free Number NoNo
Through Branches YesYes
Customer Care Number “+ 91 80 4040 2020”+91 22 6130 9999
Account Opening Process Online/PaperlessOnline/Paperless
Customer Support Email support@zerodha.comsupport@upstox.com 
Knowledge Center/Education https://zerodha.com/varsity/https://upstox.com/help-center/
Head Office Address Zerodha Headquater
#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore – 560078
Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai – 400 013
Website https://zerodha.com/https://upstox.com/
Broker EnquiryRequest a call backRequest a call back

 

Your next step : Start Learning Trading in Stock Market

Upstox vs Zerodha Investment Options

Investment OptionsZerodhaUpstox
Stock / Equity YesYes
Commodity YesYes
Currency YesYes
IPO YesYes
Mutual Funds YesNo
Bond / NCD NoNo
Debt NoNo

Upstox vs Zerodha Research Report

Research ReportsZerodhaUpstox
Daily Market Report NoNo
Free Tips NoNo
Quarterly Result Analysis NoNo
News Alerts NoNo

Upstox vs Zerodha – Pros and Cons

ZerodhaUpstox
Pros · 3-in-1 account, i.e., Demat + Trading + Bank A/c.

· Flat brokerage fee of Rs. 20 per trade across segments and exchanges.

· Free equity delivery trades. No brokerage charges for Cash-N-Carry (CNC) orders.

· Direct investment and Zero Brokerage in direct mutual funds on Coin.

· Superfast and feature-rich web and app trading platform Kite.

· Free UPI-based fund transfer process.

· Advanced order types, such as bracket order (BO), cover order (CO), after-market order (AMO), and GTT are available.

NRI Trading account is available.
Zero account opening fee.

Zero brokerage and direct investment for Mutual Funds.

Flat Rs 20 per trade brokerage across all other segments.

Margin Trading Facility (MTF) is available at interest rate of Rs 20 per day for slabs of Rs 40,000.

You can avail margin against share
Online IPO, FPO, Bonds, and NCD’s are available.
Good-Till-Triggered (GTT) orders are available.
Cons · No stock tips, research, and recommendations.

· High Call & Trade is charged an extra Rs 50 per order.

· High Auto Square off is charged at an extra Rs 50 per order.

No margin funding.
No margin funding for delivery trades.

Doesn’t offer stock tips or recommendations.

No 3-in-1 account facility.

Doesn’t offer API access for automated trading.

No NRI trading.

No BTST (Buy Today Sell Tomorrow) calls

Doesn’t offer digital gold.

Automatic settlement charges an additional Rs 50 per executed order.

Intraday square-off at 3 PM, where Zerodha allows square off at 3:15 PM.

5/5 - (1 vote)
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Hey, I'm Soniya Luthra (founder of financefundaa.com), a Chartered Accountant and seasoned stock market expert with extensive experience in trading and fundamental analysis. As an active participant in the market, I'm passionate about using my expertise to provide clear, actionable insights and guidance, helping readers make informed financial decisions.

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