Upstox vs Zerodha Comparison (2021): Is Upstox Better Then Zerodha?

Last Updated on August 25, 2021

Upstox and Zerodha both are the best discount broker in India. Both Zerodha Broker and Upstox Broker (RKVS Securities) are the most preferred and best discount brokers in India.

With zero delivery charges and a low flat charge of Rs.20 for trading makes both companies are the most preferred broker in India. In today’s comparison, you will find Upstox vs Zerodha; which is better to choose from and an excellent platform to trade-in?

Upstox vs Zerodha Comparison
Upstox vs Zerodha
alsomindy.com
1. Very low-cost broking firm in India
2. Pro Web and Upstox Pro Mobile trading platforms
3. Flat Brokerage Plan
4. Zero account opening fee for Demat + Trading Account
5. Direct Mutual Fund Investment
6. Stock market Investment

What Is Upstox?

Upstox is a very low-cost broking firm in India. It provides trading opportunities at unbeatable prices in India. The company on different segments such as equities, commodities, currency, futures, options provide a trading platform.

Upstox company provides Pro Web and Upstox Pro Mobile trading platforms for both users. Upstox is funded by a group of investors, i.e. Kalaari Capital, Ratan Tata and GVK Davix. Upstox platform gives trading, analysis, charting, and many more rich trading features in one platform.

What Is Zerodha?

Zerodha is India’s No.1 discount stock broker in India. The company is the largest and most popular broker. To invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds It offers online flat fee discount brokerage services.

Zerodha charges Rs.0 brokerage for equity delivery trades (Maximum not charge the same) and on direct mutual funds. For intraday and F&O trade, it charges flat Rs.20 or 0.03% (whichever is lower). With Zerodha, the maximum Rs.20 brokerage charges you pay for any transaction for a respective order.

Upstox Vs Zerodha Comparison (Compare Zerodha and Upstox)

ParticularsZerodhaUpstox
Type of Broker Discount BrokerDiscount Broker
Exchange Membership NSE, BSE, MCX and NCDEXBSE, NSE, MCX
Account Type Flat Brokerage PlanFlat Brokerage Plan
Year of Incorporation 20102012
AMC FeesRs.300 AnnumRs.25+GST per month
Trade-in 
Stocks, Equity F&O, Currency F&O and Commodity F&O BondsStocks, Equity F&O, Currency F&O and Commodity F&O 
Equity deliveryRs.0Rs.0
Equity Intraday, Futures, OptionsFlat Rs.20 per executed order or 0.03%Flat Rs.20 per executed order or 0.05%
Currency & Commodity FNOFlat Rs. 20 per executed order or 0.03%Flat Rs. 20 per executed order or 0.05%
Margin for IntradayUp to 15XUp to 15X
Referral Program YesYes
Brokerage PlanNo Specific PlansBasic and Priority Plans
Customer SupportThrough calls, e-mails and ticket SupportThrough calls and e-mail 

Limited Time Deal: Free Demat Account + Trading Account with Zero Brokerage on Equity

alsomindy.com
1. Very low-cost broking firm in India
2. Pro Web and Upstox Pro Mobile trading platforms
3. Flat Brokerage Plan
4. Zero account opening fee for Demat + Trading Account
5. Direct Mutual Fund Investment

Zerodha Charges vs Upstox Charges

ParticularsZerodhaUpstox
Minimum Brokerage 0.03% in Intraday and F&O0.05%
SMS/Physical Notes Charges Physical contact notes: Rs.20
Trade SMS Alerts: Rs.1 per SMS
N/A
Call & Trade Charges Flat Rs.50 per executed orderFlat Rs.20 per trade

Upstox Vs Zerodha Margin (Leverage)

Upstox Margin for Intraday

Upstox has two segments plan, i.e. Basic plan and Priority plan. The primary goal is free. A priority plan design for those users who are looking for more leverage or margin. Priority plan charges for Equities, F&O, and CDS are Rs.999 per month while Rs.400 per month for commodities orders/trades.

Segment/ParticularsBasic Priority Pack
NSE/ BSE Cash15X20X
Index Futures3X6X
Stock Futures3X3X
MCX Futures2.5X3X
Index Option Sell3X6X
NSE Currency4X4X
Stock Option Sell 3X3X

Margin/Leverage in OC/ OCO Orders

Segment/ParticularsBasic Priority Pack
NSE/ BSE Cash20X27X
Stock Option Sell 3X3X
Index Futures20X28X
NSE Option Buy1.33X2X
Index Option Sell3X4X
Stock Futures5X6X
NSE Currency4X5X
MCX Futures3X4X
alsomindy.com
1. Very low-cost broking firm in India
2. Pro Web and Upstox Pro Mobile trading platforms
3. Flat Brokerage Plan
4. Zero account opening fee for Demat + Trading Account
5. Direct Mutual Fund Investment

Check review: ySense Review – 4 Advantages & How To Make Money On ySense?

Upstox Brokerage vs Zerodha Brokerage

Both charge zero brokerage on equity delivery orders. For other orders or trades like Equity future, Equity Options and Commodity futures etc. they have fixed and flat Rs.20 brokerage fee.

Upstox vs Zerodha Comparison
Upstox vs Zerodha
ParticularsZerodhaUpstox
Equity Delivery Rs.0 (Free)Rs.0 (Free)
Equity Intraday Flat Rs.20 per executed order or 0.03% Flat Rs.20 per executed order or 0.05%
Equity Futures Flat Rs.20 per executed order or 0.03% Flat Rs.20 per executed order or 0.05%
Equity Options Flat Rs.20 per executed orderFlat Rs.20 per executed order
Currency Futures Flat Rs.20 per executed order or 0.03% Flat Rs.20 per executed order or 0.05%
Currency Options Flat Rs.20 per executed order or 0.03% Flat Rs.20 per executed order
Commodity Futures Flat Rs.20 per executed order or 0.03% Flat Rs.20 per executed order or 0.05%
Commodity Options Flat Rs.20 per executed order or 0.03% Flat Rs.20 per executed order

Investment Options: Zerodha vs Upstox

ParticularsZerodhaUpstox
Stock / Equity YesYes
CommodityYesYes
CurrencyYesYes
IPOYesYes
Mutual FundsYesYes

Zerodha Pros and Cons

Positive
  • Safe and reliable most advanced broker in India
  • Free equity delivery trades
  • No brokerage charges for Cash-N-Carry orders
  • Flat Rs.20 per trade brokerage for segments.
  • Kite Platform for trading
  • Direct Mutual Fund Investment
  • Offers NRI trading account
Negatives
  • Don’t provide stock tips and recommendations
  • Rs.50 per order for call and trade
  • not offer a 3-in-1 account
  • Doesn’t offer an AMC Free Demat account

Upstox Pros and Cons

Positive
  • Zero account opening fee for Demat + Trading Account
  • Trading in Equity Delivery with Zero brokerage
  • Mutual Fund and digital gold investment with Zero brokerage
  • On all segments Flat Rs.20 per trade brokerage
  • Direct Mutual Fund Investment
  • Investment in Online IPO, FPO, Bonds, and NCD’s are available
Negatives
  • Good Till Canceled (GTC) doesn’t offer
  • Doesn’t offer BTST facility
  • Additional charges for Call and trade facility
  • No NRI Trading Account offers
alsomindy.com
1. Very low-cost broking firm in India
2. Pro Web and Upstox Pro Mobile trading platforms
3. Flat Brokerage Plan
4. Zero account opening fee for Demat + Trading Account
5. Direct Mutual Fund Investment

Check review: Article Forge Review PROS & CONS

FAQ – Zerodha vs Upstox

  1. Is Upstox free?

    Ans. Yes, For a limited time company offering free Demat and trading account.

  2. Can Upstox be trusted?

    Ans. Yes, It is a more reliable and trusted trading platform. The company is SEBI registered. Along with a member with BSE, NSE, MCX, CDSL and NSDL.

  3. Who is the owner of Upstox?

    Ans. Founders of RKSV Securities or Upstox are Ravi Kumar, Raghu Kumar and Shrinivas Viswanath.

  4. Can I delete the Upstox account?

    Ans. Yes, Only through the submitted ticket to the support system you can close your account by the company end.

  5. Is Zerodha safe for long term investment?

    Ans. Yes, Zerodha is also safe and reliable like another trading platform.

  6. What is the minimum balance in Zerodha?

    Ans. There is no minimum balance requirement to keep the account keep active.

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Summary: Upstox vs Zerodha review (Which is Better)

Is Upstox Better Then Zerodha? Both are good discount brokers in India. But here are few things which we can differentiate. Both have Rs.20 flat brokerage charges on all segments. For Intraday, Upstox is better; Zerodha has massive tools and advanced technology.

Upstox supports and provides 3rd party trading software like Dartstock, NEST Trader and Fox Trader, while Zerodha has only one Kite platform for advanced traders.

Users wise Zerodha is No.1 in India while Upstox is the 2nd largest stockbroker in India. For any hidden charges or something else, you can check this video.

Open Free Demat + Trading Account! (Limited Time Only)

Vikas Rana

Alsomindy review portal (Product reviews, Exclusive Coupons, Deals & Offers) run by Vikas Rana. He is Hotelier by Profession and a Digital marketer by Passion. Being a Hotelier he has always loved to learn the inner working of hospitality and reviews from various sources received. He is a wizard that can make your shopping experience easy with unbiased reviews and a better selection of products.

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