Broker Guide India

Follow Us

About Zerodha
Zerodha is India’s No.1 stockbroker and one of India’s premier brokers offering online flat fee discount brokerage services for investing in stocks, currency, commodities, futures & options, bonds and Govt Securities as well as direct mutual funds…. >> More

About Upstox
Upstox is India’s tech-first low cost broking firm offering trading opportunities at unbeatable competitive rates across various segments, such as stocks, commodities, currency futures and options – accessible on its Upstox… >> More

Zerodha Vs Upstox

Zerodha was established as a discount brokerage in 2010, providing trading at NSE, BSE, MCX and NCDEX through 22 branches nationwide. Upstox entered the discount brokerage field four years later in 2012 by providing trading at BSE, NSE and MCX markets through four locations around India.

ZerodhaUpstox
Type of BrokerDiscount BrokerDiscount Broker
Exchnage MembershipNSE, BSE, MCX and NCDEXBSE, NSE, MCX
Year of Incorporation20102012
Number of Branches224

Zerodha Vs Upstox Charges & AMC

Zerodha’s account opening charges are Rs 200 while Upstox opens its accounts without incurring charges of its own (free). Zerodha Demat Account AMC Charges are Rs 300 while those for Upstox Demat AMC is just 150 per annum.

ZerodhaUpstox
Trading Account Opening Charges Rs 200 Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free) Rs 0 (Free)
Demat Account Opening Charges Rs 0 Rs 0 (Free)
Demat Account AMC Charges Rs 300 Rs 150

Zerodha Vs Upstox Brokerage

Zerodha offers free equity brokerage charges while Upstox charges Rs 20 for executed orders at 2.5% or below and Rs 20 per executed order or 0.033% whichever is lower – each executed order on Zerodha costs just 0.03% less in commission charges versus 0.5% and intraday orders charged 0.3% more respectively than executed ones executed through Upstox brokerage services respectively.

Account Type Zerodha Flat Brokerage Plan Upstox Default
Fixed Charges NA
Equity Delivery Rs 0 (Free) Rs 20 per executed order or 2.5% whichever is low
Equity Intraday Rs 20 per executed order or .03% whichever is lower Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 20 per executed order or .03% whichever is lower Rs 20 per executed order or 0.05% whichever is lower
Equity Options Rs 20 per executed order Rs 20 per executed order
Currency Futures Rs 20 per executed order or .03% whichever is lower Rs 20 per executed order or 0.05% whichever is lower
Currency Options Rs 20 per executed order Rs 20 per executed order
Commodity Futures Rs 20 per executed order or .03% whichever is lower Rs 20 per executed order or 0.05% whichever is lower
Commodity Options Rs 20 per executed order Rs 20 per executed order

Zerodha Charges Vs Upstox

Minimum Brokerage 0.03% in Intraday and F&O 0.05%
Other Charges Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS Auto Square-off Charges: Rs 50
Call & Trade Charges Rs 50 per executed orderRs 20 per trade

Zerodha Vs Upstox Transaction Charges

Zerodha transaction charges for options transactions on NSE are Rs 5000 per Cr (0.05%) | BSE Rs 500 per Cr (0.005%). While Upstox exchange transaction charges on NSE is Rs 5000 per Cr (0.050%).

Zerodha Upstox
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) NSE Rs 325 per Cr (0.00325%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side) NSE Rs 325 per Cr (0.00325%) (each side)
Equity Futures NSE Rs 190 per Cr (0.0019%) NSE Rs 190 per Cr (0.0019%)
Equity Options NSE Rs 5000 per Cr (0.05%) | BSE Rs 500 per Cr (0.005%) (on premium) NSE Rs 5000 per Cr (0.050%) (on premium)
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)
Currency Options NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium) NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity Group A - Rs 260 per Cr (0.0026%) Group A - Rs 290 per Cr (0.0029%)

Zerodha Vs Upstox Leverage (Margin)

Zerodha provides intraday margin trading up to 20% of trade value (5x leverage), and Upstox allows cash intraday margins up to 20% of value traded (5x leverage).

Zerodha Upstox
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
ZERODHA-open demat account

Compare Zerodha and Upstox Features

Zerodha provides intraday margin trading up to 20% of trade value (5x leverage), and Upstox allows cash intraday margins up to 20% of value traded (5x leverage).

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

Zerodha Vs Upstox Investment Options

Zerodha Upstox
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt

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)

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 Pros & Cons:

Pros

Cons

Upstox Pros and Cons:

Pros

Cons

Other Broker Reviews

Angel One Broker
Angel One
5/5

Angel one is a leading full-service brokerage firm in India that offers a user-friendly

upstox broker
Upstox
5/5

Upstox is a discount brokerage firm that offers a trading app called Upstox Pro.

AliceBlue Broker
Alice Blue
5/5

Alice Blue is a discount brokerage firm that offers a trading app called Alice Blue

icici direct Broker
ICICI Direct
5/5

ICICI Direct is a full-service brokerage firm that offers a trading app called.

Top Brokers in India with Best Trading Apps

The world of trading has been revolutionised in recent years by the introduction of trading apps.

These apps have made trading more accessible, convenient, and affordable than ever before, allowing people to trade on-the-go using just their smartphone or tablet. With so many trading apps available on the market, it can be difficult to know which one to choose.

We’ll take a look at some of the best trading apps in India available today, comparing Angel One, Zerodha, Upstox, Alice Blue, SAMCO, and ICICI Direct.

Angel One
Angel One

Angel One is a leading full-service brokerage firm in India that offers a user-friendly trading app.

upstox
Upstox

Upstox is a discount brokerage firm that offers a trading app called Upstox Pro.The app offers features.

AliceBlue
Alice Blue

Alice Blue is a discount brokerage firm that offers a trading app called Alice Blue Wave.

icici
ICICI Direct

ICICI Direct is a full-service brokerage firm that offers a trading app called ICICI Direct Mobile. The app offers.

samco
Samco

SAMCO is a discount brokerage firm that offers a trading app called SAMCO Trader.

zerodha
Zerodha

Zerodha is a discount brokerage firm that offers a popular trading app called Kite.

5-paisa
5 paisa

5paisa is a financial services company that offers a wide range of services.

Compare Stock Brokers

Streamline your trading journey with our detailed stock broker comparisons for informed investment decisions.

Learn Trading

Master the art of trading with our comprehensive learning resources and expert guidance for confident investment strategies.

Latest Offers

Stay ahead of the game with our curated list of the latest offers from top broker apps for exclusive trading advantages.

Sign Up and get Discount on Angel One