Comparison: Upstox vs Zerodha | Is Upstox Better Then Zerodha?

Comparison: Upstox vs Zerodha

Last Updated on October 17, 2022

Best Discount Broker
Very low-cost broking firm in India
Pro Web and Pro Mobile trading platforms
Flat Brokerage Plan
Zero account opening fee
Direct Mutual Fund Investment
Comparison: Upstox vs Zerodha

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.

Today’s comparison will be based on Upstox vs Zerodha. In the end, we will come to know, which is better to choose. Which is an excellent platform to trade in?

What is the Same in Both?

Retail Investors are the main users of these share brokers. Both Zerodha and Upstox provide retail brokerage services. Free Brokerage credit and instant credit facility provide by both broker firms.

Both Share Brokers have the latest app versions, Mobile apps which also consist of modules of trading apps.

Customer service in both companies is top-notch. Both Companies focus on technology for a great user experience. In case customers need technical support both have good strong management of customer care.

In our whole comparison we will check:

  • Which is best Upstox vs Zerodha?
  • Comparison between Zerodha and upstox
  • We will know Upstox brokerage vs Zerodha Brokerage
  • Detailed Upstox vs Zerodha charges

Related review: Upstox Review: My Honest Review

What Is Upstox?

Upstox vs Zerodha Comparison
Compare Upstox and Zerodha

It 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, and options provide a trading platform.

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

upstox vs zerodha

Why Upstox?

  1. Because of Flat Fees
  2. No Hidden Charges
  3. Rs.0 Commission in Mutual Fund Investing
  4. Rs.0 Account Maintenance to Maintain Account
  5. Flat Rs.20 Brokerage On Equity, F&O & Commodity
  6. Rs.199+GST Fix account Opening Charges (Demat+Trading)

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

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 a 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.

Zerodha vs Upstox

Why Zerodha?

  1. Flate Rs.0 or Free equity delivery
  2. Intraday and F&O trade Flat at Rs.20 or 0.03% (whichever is lower)
  3. All direct mutual fund investments are absolutely free — with ₹ 0 commissions

Upstox Vs Zerodha | (Compare Zerodha and Upstox)

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
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-mails 

Upstox charges vs Zerodha Charges

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
Call & Trade Charges Flat Rs.50 per executed orderFlat Rs.20 per trade

Upstox Vs Zerodha Margin (Leverage)

Margin for Intraday

It has two segments plan, i.e. Basic plan and Priority plan. The primary goal is free. A priority plan designed 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

Read more:

Upstox Brokerage vs Zerodha Brokerage

Upstox vs Zerodha Comparison
Compare Zerodha and Upstox

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

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

Stock / Equity YesYes
Mutual FundsYesYes

Zerodha Pros and Cons

  • 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
  • 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

  • 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 NCDs is available
  • Good Till Canceled (GTC) doesn’t offer
  • It doesn’t offer a BTST facility
  • Additional charges for Call and trade facility
  • No NRI Trading Account offers

FAQ – Zerodha vs Upstox

  1. Is Upstox free?

    Ans. Yes, For a limited time company offering a 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. The 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 other trading platform.

  6. What is the minimum balance in Zerodha?

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

  7. What is the Upstox brokerage cost of investing in Stocks?

    Ans. You will be charged a brokerage cost of ₹20 per order or 2.5% whichever is lower for buying Stocks. Investors can also sell them after a few days, weeks, or months. This is called an Equity Delivery Order.
    PS:  These charges will be applicable for all customers onboarded on or after 21st September 2021.

  8. What are your square-off charges in Upstox?

    Ans. Users will be charged auto square-off charges of ₹50 (Plus 18% GST) per order.

Summary: Upstox vs Zerodha review (Which is Better)

We did the above comparison between Zerodha and Upstox. Did you able to work out in both i.e. It is Better Then Zerodha? Both are good discount brokers in India.

But here are a 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, Zerodha has only one Kite platform for advanced traders.

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

Upstox will be the best choice for you If you looking for nominal transaction charges or brokerage plans, call the trade option, best trading platforms and best customer support.

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