Compare 3 Brokers

Zerodha Vs Upstox: Which one is better?

The brokerage of Zerodha Max Rs 20 per trade while the brokerage of Upstox Max Rs 20 per trade. Both the brokers are Discount Brokers. Overall rating for both the brokers are also equal with rating 4.5 out of 5.

Here we present side-by-side comparison of Zerodha vs Upstox share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Zerodha vs Upstox's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Compare Zerodha vs Upstox on Service

  Zerodha Compare
Zerodha
Upstox Compare
Upstox
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX-SX and MCX BSE, NSE, MCX
Broker Overview With high-class technology, unique trading tools, and three-way trading platform, Zerodha is giving its clients an edge in trading and decision making. Pioneer in introducing low brokerage scheme, Zerodha manages to satisfy both casual and active inv... Know more about Zerodha From innovative tools to free trade opportunity to education and prioritizing customer service, Upstox, the cheapest stock broker provides clients everything they need and more to succeed in Indian share market.
Broker Enquiry Open an Online Trading Account with Zerodha. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Upstox. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare Zerodha vs Upstox on Trading & Demat Account Opening Charges

In this section we have compared Zerodha with Upstox on trading & demat account opening charges and AMC. Trading account opening charges - Zerodha charges Rs 200 for account opening where Upstox charges Rs 150 Equity/ Rs 150 Commodity for account opeing. Demat AMC charges - Zerodha charges Rs 300 PA AMC for Demat account where Upstox charges Rs 150 PA (Waived for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Zerodha with Upstox
Charges Zerodha Upstox
Trading Account Opening Fees Rs 200 Rs 150 Equity/ Rs 150 Commodity
Trading AMC Free Free
Demat Account Opening Fees Rs 100 Rs 150
Demat AMC Rs 300 PA Rs 150 PA (Waived for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Zerodha vs Upstox on Plan Options

Plans are the most important feature you look when compare Zerodha with Upstox. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Upstox provides Multiple Plans where Zerodha doesn't offer Monthlay Plans - Both the brokers don't have Monthly Plans.

Compare Zerodha with Upstox on Plan Options
Plan Types Zerodha Upstox
Multiple Plans No Yes
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Upstox
Account Opening Request
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Brokerage Charges

Compare Zerodha vs Upstox on Brokerage Charges

Zerodha Brokerage Plan detail - Zerodha offers Rs 20 or .01% whichever is lower for equity intraday, F&O, commodity and currency on NSE, BSE, MCX and MCX-SX. No upfront brokerage or turnover commitments on your trade. Rs 20 is the maximum brokerage you need to pay per executable order. Zero brokerage on equity delivery trading.

Upstox Brokerage Plan detail - Equity Delivery Free and Rs 20 Per executable order for others

Brokerage Charges - Compare Zerodha with Upstox
Brokerage Charges Compare Zerodha Upstox
Plan Name Max Rs 20 per order Trading Plan Max Rs 20 Per Order Trading Plan
Equity Delivery Free Free
Equity Intraday 0.01% or Rs 20 whichever is lower 0.01% or Rs 20 whichever is lower
Equity Futures 0.01% or Rs 20 whichever is lower Flat Fee Rs 20
Equity Options Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.01% or Rs 20 whichever is lower Flat Fee Rs 20
Currency Options Flat Fee Rs 20 Flat Fee Rs 20
Commodity Trading Flat Fee Rs 20 Flat Fee Rs 20
Minimum Brokerage NIL NIL
Hidden Charges No Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges Rs 20 Per Executable Order Rs 20 Per Executable Order
Brokerage Calculator Brokerage Calculator for Zerodha Brokerage Calculator for Upstox
SPAN Margin Calculator SPAN Margin Calculator for Zerodha SPAN Margin Calculator for Upstox
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Share Broker's Transaction Charges

Compare Zerodha vs Upstox on Transaction Charges

Compare Zerodha with Upstox on transaction charges and PCM fee by segment.

Transaction Charges - Compare Zerodha with Upstox
Transaction Charges Compare Zerodha Upstox
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 190 Per Cr Rs 210 Per Cr
Equity Options Rs 5000 Per Cr Rs 5500 Per Cr
Currency Futures Rs 135 Per Cr Rs 150 Per Cr
Currency Options Rs 4400 Per Cr Rs 6000 Per Cr
Commodity Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for zerodha Complete Brokerage Plans for upstox
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Account Features

Compare Zerodha vs Upstox on Account Features

Compare Zerodha with Upstox on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo tradig/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - both brokers dont have margin funing facility. NRI Trading - both brokers provides NRI Trading facility.

Account Features - Zerodha with Upstox
Account Features Compare Zerodha Upstox
3 in 1 Account No Zerodha have 2-in-1 account. Only Demate and Trading account. No Zerodha have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available No No
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Zerodha vs Upstox on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Zerodha and Upstox. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.

Trading Platform - Compare Zerodha with Upstox
Trading Platform Compare Zerodha Upstox
Desktop Trading Platform Zerodha PI DartStock/Nest Trader/Fox Trader
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://kite.zerodha.com/ https://pro.upstox.com/
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Zerodha Kite Upstox
Mobile Trading App Demo Zerodha Kite Demo Upstox Demo
Android Mobile App Yes Yes
Android App Download Andriod Zerodha Kite Download Andriod Upstox Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Zerodha Kite Download iOS Upstox Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Zerodha Equity Intraday and Delivery Brokerage Calculator for Upstox
Futures Brokerage Calculator Futures Brokerage Calculator for Zerodha Futures Brokerage Calculator for Upstox
Options Brokerage Calculator Options Brokerage Calculator for Zerodha Options Brokerage Calculator for Upstox
Detail Detail on Trading Platforms for zerodha Detail on Trading Platforms for upstox

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Broker Ratings by Users

Compare Zerodha vs Upstox on User Rating

  Zerodha Upstox
  154 Customer Reviews    Rate Zerodha 8 Customer Reviews    Rate Upstox
Fees Ratings 4.0 3.3
Trading Brokerage Rating 4.5 3.8
Trading Platform Usability 3.7 3.3
Customer Service Ratings 3.8 3.1
Overall Ratings Rated 3.9 stars Rated 3.3 stars
Broker Rating Zerodha is Rated 3.9 / 5 based on 154 customer reviews Upstox is Rated 3.3 / 5 based on 8 customer reviews
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Investment Offerings

Compare Zerodha vs Upstox on Investment Offerings

Compare Zerodha with Upstox on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - both brokers offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - both brokers offers trading options in Commodity (MCX). Online Mutual Fund Investment - both brokers offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Zerodha with Upstox
Investment Offerings Compare Zerodha Upstox
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking No No
Insurance No No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Zerodha vs Upstox on Order Types

Order Type - Compare Zerodha with Upstox on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After-market Orders (AMO)- both offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders- Zerodha offers Good Till Cancelled (GTC) orders where Upstox doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Zerodha with Upstox
Order Type Compare Zerodha Upstox
CNC Ordre Yes Yes
MIS Ordre Yes Yes
NRML Ordre Yes Yes
Cover Ordre Yes Yes
Bracket Ordre Yes Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Margin/Leverage

Compare Zerodha vs Upstox on Margin/Leverage

Comapre Zerodha with Upstox on Exposure/Margin offered by broker. We have compared Margin/Exposure in Equity Delivery, Intraday Products, Futures, Options, Equity Cover Orders, Futures & Options Cover Orders and Commodity Trading.

Exposure/margin - Compare Zerodha with Upstox
Margin Product Compare Zerodha Upstox
Equity Delivery Margin Zerodha vs Upstox - Equity Delivery Margin No Delivery margin. No Margin/Leverage for Equity Delivery.
Equity Intraday Margin Zerodha vs Upstox - Equity Intraday Margin Up to 12.5x margin for Intraday leverage for equity. Up to 15x for Equity Intraday in Base Plan, Up to 20x on Priority Plan.
Futures Margin Zerodha vs Upstox - Futures Margin Up to 2x leverage for future. Up to 4x for Index/Stock future (of NRML Margin), Priority Plan - up to 5x for Index and 4x for Stocks.
Options Margin Zerodha vs Upstox - Options Margin Up to 2x margin for options shorting, no leverage for option buying. Up to 4x (of NRML Margin) for Index/Stock Options Sell, Priority Plan - up to 5x for Index and 4x for Stock Options.No leverage on Options Buying.
Equity CO Margin Zerodha vs Upstox - Equity CO Margin Up to 20.8x margin/leverage in equity CO order for selected equity scripts. Up to 20x for NSE/BSE Cash in Base Plan, Up to 25x on Priority Plan.
Futures CO Margin Zerodha vs Upstox - Futures CO Margin Up to 33x margin/leverage (of complete order) in CO order for future contracts. Up to 4x for Index/Stock (of NRML Margin) future, Priority Plan - up to 7x for Index and 6x for Stocks.
Options CO Margin Zerodha vs Upstox - Options CO Margin Up to 20x margin/leverage (of complete order) in CO order for options contracts sell only, buying is enabled only for NIFTY. Up to 4x (of NRML Margin) for Index/Stock Options Sell, Priority Plan(PP) - up to 5x for Index and 4x for Stock Options, No leverage on Options Buying.
Commodity Margin Zerodha vs Upstox - Commodity Margin Up to 2x MIS Margin of SPAN, Complete SPAN is required for carry forward positions. Up to 2.5x MIS Margin of SPAN, 3x for Priority Pack, Complete SPAN is required for carry forward positions.
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Customer Service Offered

Compare Zerodha vs Upstox on Customer Service

Compare Zerodha with Upstox on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare Zerodha with Upstox
Customer Service Compare Zerodha Upstox
24/7 Customer Service Zerodha vs Upstox - 24x7 customer support No No
Email Support Zerodha vs Upstox - Email Support Yes Yes
Onine Live Chat Zerodha vs Upstox - Onine Live Chat No Yes
Phone Support Zerodha vs Upstox - Phone Support Yes Yes
Toll Free Number Zerodha vs Upstox - Toll Free Number No No
Through Branches Zerodha vs Upstox - Through Branches Yes Yes
Customer Care Number Zerodha vs Upstox - Customer Care Number "+ 91 80 4040 2020" +91 22 6130 9999
Account Opening Process Zerodha vs Upstox - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Zerodha vs Upstox - Customer Support Email [email protected] [email protected] 
Knowledge Center/Education Zerodha vs Upstox - Knowledge Center/Education https://support.zerodha.com/ https://upstox.com/help-center/
Head Office Address Zerodha vs Upstox - Head Office Address/Corporate 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 Zerodha vs Upstox - Company Website https://zerodha.com/ https://upstox.com/
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Tips/Research/Reports Published

Compare Zerodha vs Upstox on Research Reports, Tips

Compare Zerodha with Upstox on research reports and tips provided by broker.

Research Reports - Compare Zerodha with Upstox
  Zerodha Upstox
Research Mutual Funds Zerodha vs Upstox - Research Mutual Funds No No
Research Equity Reports Zerodha vs Upstox - Research Equity Reports Yes No
Research ETF Zerodha vs Upstox - Research ETF No No
Daily Market Report Zerodha vs Upstox - Daily Market Report No No
Free Tips Zerodha vs Upstox - Free Tips No No
Quarterly Result Analysis Zerodha vs Upstox - Quarterly Results No No
News Alerts Zerodha vs Upstox - No No
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Demat Account

Compare Zerodha vs Upstox on Demat Account

Compare Zerodha with Upstox on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare Zerodha with Upstox
  Zerodha Upstox
DP Source CDSL CDSL
DP ID Zerodha vs Upstox - DP ID 81600 81800
Demat Account Annual Maintenance Charges(AMC) ₹300 pa ₹150 pa
Advance Deposit Nil NIL
Statutory charges ₹50 Nil
Transaction Charges on Debit (Per ISIN) ₹8 + ₹5.50 (CDSL Charges) per transaction ₹13 + ₹5.50 CDSL charges
Demat ₹150 per certificate + ₹100 courier charges ₹20 + ₹50 courier charges
Remat ₹150 per certificate + ₹100 courier charges + CDSL Charges ₹100 for every hundred securities or ₹25 per certificate (whichever is higher)
Pledge Creation ₹20 + ₹12 CSDL charges 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Creation Confirmation Nil 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure ₹20 + ₹12 CSDL charges 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure Confirmation Nil 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Invocation ₹20 0.05% of the transaction value (Min ₹50)
Failed Instruction Charges ₹50 per instraction ₹50
Other Charges Nil Nil

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Special Offers,Advantages,Disadvantages

Compare Zerodha vs Upstox on Special Offers and Promotion

Compare Zerodha with Upstox on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare Zerodha vs Upstox on Special Offers and Promotion
  Zerodha Upstox
Pay In and Pay Out Options Zerodha vs Upstox - Pay In and Pay Out Options pay-in/adding funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Kite
Pay-out/Fund Withdrawal - Bank Transfer only
pay-in/adding funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro
Pau-out/Fund Withdrawal - Bank Transfer only
Payout Time Zerodha vs Upstox - Payout Time Max 24 hrs except bank holidays Max 24 hrs except bank holidays
Bank Supported and Charges Zerodha vs Upstox - Bank Supported and Charges Around 25 banks allow instant credit facility with charges of Rs 9 from zerodha trading platform (kite/PI). Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service.
Bank Detail HDFC Bank
Account#ZERNSE
Branch: Sandoz Branch, Mumbai
IFSC Code:HDFC0000240
HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
Likes

Detail Review...

  • Low cost brokerage structure.
  • Upstox branches available in Delhi, Mumbai, Pune and Ahmedabad.
  • After Market Order (AMO), Cover Order and BO are available on both web and mobile.

Detail Review...

Dislikes
  • Call and trade is not free.
  • Margin against shares facility is not available for equity cash segment.
  • Zerodha as of now is not offering Margin Trading Funding. This is a big limitation for traders where they need to borrow some money from broker on interest for short span of time.

Detail Review...

  • Upstox doesn't provide tips and recommendations.
  • Algo-trading facility is not available.
  • Margin funding and margin against shares is not available.
  • Doesn't provide facility to online invest in IPO via Upstox Trading website/app.

Detail Review...

Special Offers/Promo Zero Brokerage for Equity Delivery and Zero Commission on Mutual Fund Investment (Direct Mutual Funds), Pay max Rs 20 for equity intraday, F&O, currency and commodity trading. No Hidden Charges. 100% refundable account opening fee as brokerage cashback, Zero charges for equity delivery trades, Flat Rs 20 for equity intraday, F&O, currency and commodities trades.
Enquiry Enquire about Zerodha Enquire about Upstox

Last Updated on 2019-10-01T05:51:32+00:00







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