Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. 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. Number of active customer for Zerodha is 64,75,590 where number of active customer for Upstox is 21,85,813. Zerodha is serving more customer compare to Upstox.
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.
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
This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.
|Broker Type||Discount Broker||Discount Broker|
|Exchanges Supported||NSE, BSE, MCX||NSE, BSE, MCX|
|Broker Overview||Zerodha is the game-changing discount broker with the concept of an Rs. 20/order flat brokerage model and commission-free direct mutual fund investment platform in India. Free delivery trading, the superfast Zerodha Kite app, and web trading platform...||One of the best discount brokers in India 2023 with ₹20 flat brokerage charges, free mutual fund investment, fantastic feature-rich Upstox pro trading platform in web and app versions, and reliable customer service.|
Comparison of Zerodha with Upstox on trading & demat account opening charges and AMC. Trading account opening charges - Zerodha charges Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) for account opening where Upstox charges Promotion offer: Free for account opening. Demat AMC charges - Upstox offer Free AMC for Demat account where Zerodha charges Rs 300 PA AMC for Demat account.
|Trading Account Opening Fees||Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com)||Promotion offer: Free|
|Demat Account Opening Fees||Free||Free|
|Demat AMC||Rs 300 PA||Free|
|Provide DP Service|
Plans are the most important feature you look when compare Zerodha with Upstox. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.
|Account Opening Request|
Zerodha Brokerage Plan detail - Zerodha charges Rs 20 or .03%, whichever is lower, for equity Intraday, F&O, commodity and currency on NSE, BSE and MCX. 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 - Discount brokerage plan - pay a maximum of Rs 20 per order.
|Brokerage Charges Compare||Zerodha||Upstox|
|Plan Name||Max Rs 20 per order Trading Plan||Max Rs 20 Per Order Trading Plan|
|Equity Delivery||Free||2.5% or Rs 20 whichever is lower|
|Equity Intraday||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower|
|Equity Futures||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower|
|Equity Options||Flat Fee Rs 20||Flat Fee Rs 20|
|Currency Futures||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower|
|Currency Options||Flat Fee Rs 20||Flat Fee Rs 20|
|Commodity Trading||Flat Fee Rs 20||Flat Fee Rs 20|
|Hidden Charges||No||Info Not Available|
|Funding||Info Not Available||Info Not Available|
|Call & Trade Charges||Rs 50 Per Executable Order||Rs 50 Per Executable Order|
|Auto Square off Charges||Rs 50 Per Executable Order||Rs 50 Per Executable Order|
|Brokerage Calculator||Brokerage Calculator for Zerodha||Brokerage Calculator for Upstox|
Compare Zerodha with Upstox on transaction charges and PCM fee by segment.
|Transaction Charges Compare||Zerodha||Upstox|
|Equity Delivery||NSE:335 Per Cr | BSE:375 Per Cr||NSE:335 Per Cr | BSE:375 Per Cr|
|Equity Intraday||NSE:335 Per Cr | BSE:375 Per Cr||NSE:335 Per Cr | BSE:375 Per Cr|
|Equity Futures||NSE:200 Per Cr | BSE:FREE||NSE:200 Per Cr | BSE:FREE|
|Equity Options||NSE:5050 Per Cr | BSE:3700 Per Cr||NSE:5050 Per Cr | BSE:3700 Per Cr|
|Currency Futures||NSE:90 Per Cr | BSE:25 Per Cr||NSE:90 Per Cr | BSE:25 Per Cr|
|Currency Options||NSE:4000 Per Cr | BSE:100 Per Cr||NSE:4000 Per Cr | BSE:100 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|
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 3-in-1 account which includes bank, trading and demat account. Algo Trading - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Both broker dont have a margin funding facility. NRI Trading - Zerodha offers NRI where Upstox doesn't offers NRI Trading.
|Account Features Compare||Zerodha||Upstox|
|3 in 1 Account|
|Margin Trading Funding Available|
|Combined Ledger for Equity and Commodity|
|Intraday Square-off Time||3:10 PM||3:15PM|
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 links for mobile app to download and demo links for easy access.
|Trading Platform Compare||Zerodha||Upstox|
|Desktop Trading Platform||Kite By Zerodha||Upstox Pro|
|Desktop Demo||Info Not Available||Info Not Available|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|Web Trading Detail||https://pro.upstox.com/|
|Web Trading Demo||Web Trading Demo||Web Trading Demo|
|Mobile Trading App||Zerodha Kite||Upstox|
|Mobile Trading App Demo||Zerodha Kite Demo||Upstox Demo|
|Android Mobile App|
|Android App Download||Andriod Zerodha Kite Download||Andriod Upstox Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS Zerodha Kite Download||iOS Upstox Download|
|Android Tablet App|
|iPad App (IOS)|
|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|
|159 Customer Reviews||12 Customer Reviews|
|Trading Brokerage Rating||4.5||3.8|
|Trading Platform Usability||3.7||3.7|
|Customer Service Ratings||3.8||3.5|
|Broker Rating||Zerodha is Rated 3.9 / 5 based on 159 customer reviews||Upstox is Rated 3.7 / 5 based on 12 customer reviews|
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 broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.
|Investment Offerings Compare||Zerodha||Upstox|
|Equity Cash and F&O|
|Online IPO Application|
|Bond / NCD|
|MF SIP Investment|
|Equity SIP Investment|
|Other Investment Options||NIL||NIL|
Order Type - Compare Zerodha with Upstox on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type 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) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Upstox provides Bracket Orders (BO) where Zerodha doesn't offer.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 facilities. The orders are sent 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 Type Compare||Zerodha||Upstox|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
Compare Zerodha with Upstox on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.
|Customer Service Compare||Zerodha||Upstox|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||"+ 91 80 4040 2020"||+91 22 6130 9999|
|Account Opening Process||Online/Paperless||Online/Paperless|
|Customer Support Email||[email protected]||[email protected]|
|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
Senapati Bapat Marg,
Mumbai - 400 013
Compare Zerodha with Upstox on research reports and tips provided by the broker.
Compare Zerodha with Upstox on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.
Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.
Demat AMC for Upstox is ₹300 PA where for Zerodha is ₹300 pa.
Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.
Transaction charges on debit of ISIN for Zerodha is ₹8 + ₹5.50 (CDSL Charges) per transaction where for Upstox is ₹13 + ₹5.50 CDSL charges.You can see this charges on debit of Equity/Mutual Funds from your demat account.
This section covers about demat charges, demat service and other details
|Demat Account Annual Maintenance Charges(AMC)||₹300 pa||₹300 PA|
|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|
Compare Zerodha with Upstox on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
|Pay In and Pay Out Options||pay-in/adding funds - 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||Max 24 hrs except for bank holidays||Max 24 hrs except bank holidays|
|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
Branch: Sandoz Branch, Mumbai
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
Trading with Zerodha brings multiple benefits or advantages, an indicative list is as follows;
Despite many advantages, there are following drawbacks while trading with India's leading discount broker, Zerodha
|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.||Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs|
|Enquiry||Open Zerodha Account Now>>||Open Upstox Account Now>>|
Last Updated on 2023-11-03T04:37:47+00:00
On the terms of technology, Upstox or RKSV Securities offers you fast trading through Upstox Pro Web, Pro Mobile App, and NEST trading platforms. It has some other partner platforms which are available for advanced traders, such as Dartstock and Fox Trader.
However, Zerodha has a stronger focus on technology and investment which makes it a better trading platform with quality tools and customer support. It has 4 times more customer base compared to Upstox. Both have their own retail brokerage services which started almost at the same time in 2009-10.
On brokerage terms, Zerodha and Upstox charge Rs 0 brokerage for equity delivery trades. For intraday and F&O, Zerodha charges flat Rs. 20 or 0.03% (whichever is lower) per executed order while Upstox charges Rs 20 per order executed or 0.05% (whichever is lower) for both buy and sell orders.
Upstox and Zerodha, both are online discount stock brokers and provide excellent services. Zerodha ranks 1st and Upstox 2nd among the top discount brokers of India. There are a few similarities and differences in the offerings of both Upstox and Zerodha products. The major difference is the brokerage plans of both companies. While Upstox offers multiple plans for users according to their requirements, Zerodha offers a single plan.
Upstox VS Zerodha difference
Upstox and Zerodha, both are the topmost online discount brokers of India. Both the companies offer unique plans for traders like the free opening of trading accounts and maximum brokerage charges of Rs 20. The major difference is that Upstox also provides 3rd party trading software, Dartstock, NEST Trader, and Fox Trader. However, Zerodha only offers Zerodha Kite as a trading platform.
Similarly, Zerodha offers a few more services to traders compared to Upstox. Zerodha has only one simple plan for traders, while Upstox offers a priority plan of Rs 30 per trade which has up to 25x leverage on Intraday, Futures & Options. Zerodha also has a support portal, forum, charts and multiple education initiatives which lack in Upstox.
To answer this question, we can say that these are two service providers who offer 100% the same services, with the same plan.
So what makes the difference between these 2 brokers?
The major difference we can say is Zerodha has invested more in learning. Zerodha Varsity, Zerodha support portal, Zerodha Q&A and Z-connect are a haven for new as well as experienced investors/traders. You can get an in-depth learning experience with Zerodha.
Where Upstox also started the same practice, but not able to match with the Zerodha Quality.
Second difference we have observed is Zerodha is trying to make the maximum thing in an automated way so investors/traders need not depend on call & trade service or support call. Zerodha takes each and every investor query very seriously and tries to resolve the same for all customers with the help of technology. With that, they are able to reduce workload for employees as well as give better service to Investor.
Zerodha offers the best online trading app – Kite, Web platform – Kite, Direct Mutual fund investment with Zerodha Coin. Online IPO investment via UPI, Apply in buyback online, Fund transfer (In and out) online request, UPI payment integration and online/paperless account opening process.
In summary, Zerodha become number one broker by beating up ICICI Direct, HDFC Securities, Angel Broking, and many big names because of its quality service and better management. Management has direct focus on each and every query, that’s make a major difference in service industry.
|Basis||Upstox Pro||Zerodha Kite|
|Platform owner||RKSV Securities India Pvt Ltd||Zerodha Broking Limited|
|Multilingual||Pro platform is available only in the English language.||Kite is a multilingual platform available in 11 differnet languages|
|Guest Login||Upstox Pro App offers guest login facility.||Guest login (Loginless) feature is not available on the Kite by Zerodha platform.|
|Stock Scanner and Heatmap||Scanner to scan stocks and heatmap is not available on the Upstox Pro platform.||Kite has stock scanner and market heatmap feature available.|
|Charting||Powerful charting with 12+ charts, Multi-view charts, chart widgets, 10+ years historical data, and Trade from the charts.||6 charts, 100+ indicators, and Multi-view charts settings upto 4 charts, and Trade from the charts features are available.|
|Market Watchlist||Customers can add unlimited number of watchlists with no restrictions on the number of stocks in each watchlist.||5 Wathclists with upto maximum 50 stocks in each watchlist.|
|Platform availability||Pro Web and mobile app on Play store and the App store is available.||Kite by Zerodha is available in the web as well as android and iOS mobile app versions.|
|Mutual Fund investment||Pro platform provides online direct MF investment at zero brokerage fee.||Zerodha coin is a dedicated platform for MF investment thus the facility is not available on the Kite platform.|