Zerodha Vs Upstox - Broker Comparison | Find Best Broker (2024)

CompareArticlesReportsGlossaryComplaints

ZerodhaAngel One ProStocksUpstoxPaytmEspresso (by Sharekhan)ICICIdirectNuvamaFyersKotak Securities5PaisaSharekhanAnand RathiTradeSmartAlice BlueSAS OnlineBajaj FinservSAMCOTradingoHDFC Sec

About 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).Zerodh...

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...

• Expand all
• Collapse all

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 Vs Upstox Charges & AMC

Zerodha trading account opening charges is Rs 200 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.

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.

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 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.

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
Trading In SME Shares Allowed?
Referral Program
Other Features	Direct Mutual Funds, APIs for Algo Trading	Option strategy builder
	Open Zerodha Account	Open Upstox Account

Zerodha Vs Upstox Review

Zerodha is rated 3.7 of 5 based on 468 customer reviews whereas Upstox is rated 2.4 of 5 based on 136 customer reviews.

	Zerodha	Upstox
	468 Customer Reviews	136 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Zerodha is rated 3.7 of 5 based on 468 customer reviews	Upstox is rated 2.4 of 5 based on 136 customer reviews

Contact Broker / Request A Call Back

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

1. 1. Why Zerodha is better than upstox?

   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

2. 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.

   Discuss this question

3. 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 3^rd 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

4. 4. Which is best Upstox vs Zerodha?

   Both Upstox and Zerodha are leading online discount stock brokers in India. Zerodha is ranked 1^st and Upstox is ranked 2^nd. 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

5. 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.

   Discuss this question

6. 6. Is Zerodha safe for trading?

   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

Zerodha

Free Eq Delivery & MF
Flat ₹20 Per Trade in F&O

Open Instant Account

Angel One

Kotak Securities
(Trade Free Plan)

Upstox

ICICI Direct

ProStocks

Nuvama

Fyers

Paytm Money

Sharekhan