Zerodha Vs Upstox 2023
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.
| Zerodha | Upstox | |
|---|---|---|
| Type of Broker | Discount Broker | Discount Broker |
| Exchnage Membership | NSE, BSE, MCX and NCDEX | BSE, NSE, MCX |
| Year of Incorporation | 2010 | 2012 |
| Number of Branches | 22 | 4 |
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.
| Zerodha | Upstox | |
|---|---|---|
| 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 order | Rs 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) |
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
- India's No. 1 broker in terms of the number of active clients and exchange volume.
- Safe, reliable, and most technologically advance broker in India.
- Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
- Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
- Flat Rs 20 per trade brokerage for all other segments.
- Excellent trading platforms (Kite) available for free.
- Direct Mutual Fund Investment is available.
- Good Till Triggered (GTT) orders are available. These are similar to GTC orders.
- NRI Trading account is available.
Cons
- It does not provide stock tips, research, and recommendations.
- Call & Trade is charged an extra Rs 50 per order.
- Auto Square off is charged at an extra Rs 50 per order.
- It does not offer a 3-in-1 account.
- It does not offer monthly unlimited trading plans.
- It does not offer an AMC Free Demat account.
- No margin funding.
Upstox Pros and Cons:
Pros
- Zero account opening fee.
- Zero brokerage for Mutual Fund investment.
- Flat Rs 20 per trade brokerage for all other segments including equity delivery.
- Offer direct mutual funds.
- One app for trading in equity, currency, and commodity.
- Margin Trading Facility (MTF) is available at interest rate of Rs 20/day for slabs of Rs 40,000.
- Margin Against Share is available
- Online IPO, FPO, Bonds, and NCD's are available.
- Good-Till-Triggered (GTT) orders are available.
Cons
- Equity delivery brokerage fee is Rs 20 per trade. Other brokers like Zerodha offers brokerage-free equity delivery trades.
- Doesn't offer unlimited trading plans.
- Doesn't offer margin funding for delivery trades.
- Doesn't offer stock tips or recommendations.
- Doesn't offer a 3-in-1 account.
- Doesn't offer 24/7 customer support.
- Doesn't offer NRI Trading and Demat account.
- Doesn't offer BTST
- Doesn't offer digital gold.
- Call-and-trade fee is Rs 20 per executed order extra.
- Automatic settlement charges an additional Rs 50 per executed order.
- Higher Demat Debit Transaction charges (Rs 18.5 per ISIN). Zerodha charges Rs 13.5.
- Intraday square-off at 3 PM. Most other brokers do it at 3:15 PM.
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