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 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?
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 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)
|Type of Broker||Discount Broker||Discount Broker|
|Exchange Membership||NSE, BSE, MCX and NCDEX||BSE, NSE, MCX|
|Account Type||Flat Brokerage Plan||Flat Brokerage Plan|
|Year of Incorporation||2010||2012|
|AMC Fees||Rs.300 Annum||Rs.25+GST per month|
|Trade-in ||Stocks, Equity F&O, Currency F&O and Commodity F&O Bonds||Stocks, Equity F&O, Currency F&O and Commodity F&O|
|Equity Intraday, Futures, Options||Flat Rs.20 per executed order or 0.03%||Flat Rs.20 per executed order or 0.05%|
|Currency & Commodity FNO||Flat Rs. 20 per executed order or 0.03%||Flat Rs. 20 per executed order or 0.05%|
|Margin for Intraday||Up to 15X||Up to 15X|
|Brokerage Plan||No Specific Plans||Basic and Priority Plans|
|Customer Support||Through calls, e-mails and ticket Support||Through calls and e-mail|
Limited Time Deal: Free Demat Account + Trading Account with Zero Brokerage on Equity
Zerodha Charges vs Upstox Charges
|Minimum Brokerage||0.03% in Intraday and F&O||0.05%|
|SMS/Physical Notes Charges||Physical contact notes: Rs.20 |
Trade SMS Alerts: Rs.1 per SMS
|Call & Trade Charges||Flat Rs.50 per executed order||Flat 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 Rs.999 per month while Rs.400 per month for commodities orders/trades.
|NSE/ BSE Cash||15X||20X|
|Index Option Sell||3X||6X|
|Stock Option Sell||3X||3X|
Margin/Leverage in OC/ OCO Orders
|NSE/ BSE Cash||20X||27X|
|Stock Option Sell||3X||3X|
|NSE Option Buy||1.33X||2X|
|Index Option Sell||3X||4X|
Upstox Brokerage vs Zerodha Brokerage
Both charge zero brokerage on equity delivery orders. For other order or trades like Equity future, Equity Options and Commodity futures etc. they have 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 order||Flat 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: Upstox vs Zerodha
|Stock / Equity|
Zerodha Pros and Cons
- Safe and reliable most advance 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 NCD’s are available
- Good Till Canceled (GTC) doesn’t offer
- Doesn’t offer BTST facility
- Additional charges for Call and trade facility
- No NRI Trading Account offers
Check review: Article Forge Review PROS & CONS
FAQ – Upstox vs Zerodha
Is Upstox free?
Ans. Yes, For a limited time company offering free Demat and trading account.
Can Upstox be trusted?
Ans. Yes, It is more reliable and trusted trading platform. The company is SEBI registered. Along with a member with BSE, NSE, MCX, CDSL and NSDL.
Who is the owner of Upstox?
Ans. Founders of RKSV Securities or Upstox are Ravi Kumar, Raghu Kumar and Shrinivas Viswanath.
Can I delete Upstox account?
Ans. Yes, Only through the submitted ticket to the support system you can close your account by the company end.
Is Zerodha safe for long term investment?
Ans. Yes, Zerodha is also safe and reliable like another trading platform.
What is the minimum balance in Zerodha?
Ans. There is no minimum balance requirement to keep the account keep active.
Summary: Upstox vs Zerodha review (Which is Better)
Is Upstox Better Then Zerodha? Both are good discount broker 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)