Zerodha vs Upstox – An Overview
Table of Contents
Upstox and Zerodha are India’s best discount brokers with the most extensive client base and offer the lowest brokerage and user-friendly trading platforms.
Zerodha is India’s largest stockbroker, with over 20+ Lakhs active clients in India. Zerodha has gained prominence for providing the best Demat account services and user- friendly trading platforms to its clients. The brokerage charged by Zerodha is flat Rs 20 per executed trade… read more
Upstox is one of the best stockbrokers in India with over 5+ Lakhs active clients.
Upstox provides trading on segments like equities, commodities, currency, futures, options which are available on its Upstox Pro Web and Upstox Pro Mobile trading platforms. You can also invest in Mutual Funds using Upstox.
Upstox trading platform offers trading, analysis, charting, and various trading features… read more
Let’s compare the Upstox Demat Account vs. Zerodha Demat account on the below parameters to understand the advantages and choose the best discount broker
- Account Opening Charges
- Brokerage Charges
- Intraday margin
- Trading platform
- Mobile application
Zerodha vs Upstox – Demat Account Comparisons
Let’s compare the Demat Account Features below.
Demat Account Features
| Compare Account Feature | Upstox | Zerodha |
|---|---|---|
| 3 in 1 Account | No | No |
| Charting | Yes | Yes |
| Algo Trading | Yes | Yes |
| SMS Alert | Yes | No |
| Online Demo | Yes | Yes |
| Online Portfolio | Yes | Yes |
| Margin Trading Funding Available | No | No |
| Combined ledger for Equity and commodity | Yes | Yes |
| Intraday Square-off time | 3:15 PM | 3:15 PM |
| NRI Trading | Yes | Yes |
Zerodha vs Upstox – Account Opening Charges Comparison
The Zerodha account opening online charges is Rs. 200 for equity and Rs. 100 for commodities. If you are willing to trade on both equity and Zerodha commodity then it will charge Rs. 300.
On the other hand, Upstox account opening charges for equity is Rs. 150 and for commodity, it is Rs. 150.
You can avail Upstox coupon code and Zerodha coupon code to get free benefits while account opening.
| Demat Services & Charges | Zerodha | Upstox |
|---|---|---|
| Depository Source | CDSL | CDSL |
| Account Opening Charges | Rs.200 for equities and Rs. 300for equity and commodity | Rs. 150 for equity and Rs. 150 for Commodity |
| Demat AMC Charges | Rs.300 per year | Rs.150 per year |
| Trading AMC Charges | Free | Free |
| Margin Money | Zero | Zero |
Zerodha vs Upstox – Brokerage Charges Comparison
The brokerage charges for both Upstox vs Zerodha are the same in Equity Intraday, F&O, commodity & currency which is 0.01% or Rs. 20 per trade, whichever is lower.
Equity delivery for both Zerodha and upstox is free. You can also check the actual brokerage charged by using Upstox Brokerage Calculator and Zerodha Brokerage Calculator.
More details on Zerodha vs Upstox brokerage charges is in the table provided below
Click here to know How to Open Zerodha Demat Account.
| Brokerage Charges | Zerodha brokerage | Upstox brokerage |
|---|---|---|
| Equity Delivery Trading | Zero | Zero |
| Equity Intraday Trading | Rs.20 or 0.01% per trade whichever is lower | Rs.20 or 0.01% per trade whichever is lower |
| Equity Intraday Trading | Rs.20 or 0.01% per trade whichever is lower | Rs.20 or 0.01% per trade whichever is lower |
| Equity Futures Trading | Rs.20 or 0.01% per trade whichever is lower | Rs.20 or 0.01% per trade whichever is lower |
| Equity Options Trading | Rs.20 or 0.01% per trade whichever is lower | Rs.20 or 0.01% per trade whichever is lower |
| Currency Futures Trading | Rs.20 or 0.01% per trade whichever is lower | Rs.20 or 0.01% per trade whichever is lower |
| Currency Options Trading | Rs.20 or 0.01% per trade whichever is lower | Rs.20 or 0.01% per trade whichever is lower |
Zerodha vs Upstox – Leverage Margin Comparison
For NSE/BSE cash the Zerodha margin is up to 14 times and the upstox leverage is up to 15 times.
The Zerodha leverage for Index futures, stock futures, index options
sell, stocks options sell, and NSE currency is up to 2 times and in Upstox leverage is up to 4 times.
The Zerodha margin for MCX futures is up to 2 times and in upstox, it is up to 2.5 times.
Thus, Upstox is giving more margin money compared to the Zerodha margin.
You can calculate the actual margin provided by the stockbroker using Upstox Margin Calculator and Zerodha Margin Calculator
| Intraday Margin | Zerodha | Upstox |
|---|---|---|
| NSE/BSE cash | Up to 14 times | Up to 15 times |
| Index Futures | Up to 2 times | Up to 4 times |
| Stock Futures | Up to 2 times | Up to 4 times |
| Index Options Sell | Up to 2 times | Up to 4 times |
| Stock Options Sell | Up to 2 times | Up to 4 times |
| NSE Currency | Up to 2 times | Up to 4 times |
| MCX futures | Up to 2 times | Up to 2.5 times |
Zerodha vs Upstox – Trading Platform Comparison
We have compared all the important features of the Upstox app and the Zerodha Trading Platform. This comparison covers Desktop Trading Platform, Web, Mobile Android, and iOS. You can check the Order types in Zerodha Kite Application.
It is recommended to understand the Zerodha Login process before Buying and selling the shares using Zerodha.
| Trading Platform Compare | Upstox | Zerodha |
|---|---|---|
| Desktop Trading Platform | Dartstock/Nest Trader/Forex Trader | Zerodha PI, Zerodha coin, Sentinel Zerodha, Zerodha streak |
| Desktop Platform(Windows) | Yes | Yes |
| Desktop Platform(Mac) | No | No |
| Web Trading Platform | Yes | Yes |
| Mobile Trading | Yes | Yes |
| Mobile Trading App | Upstox Pro | Zerodha Kite |
| Android Mobile App | Yes | Yes |
| iPhone Mobile App(IOS) | Yes | Yes |
| Trading Software Charges | Free | Free |
Click here to know How to Open Upstox Demat Account
Zerodha vs Upstox – Investment Offerings Comparison
Here we compared Upstox with Zerodha on Investment Offerings like Online IPO Application through Zerodha Console, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, ETF, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services using Zerodha Coin Application.
| Investment Offering Compare | Upstox | Zerodha |
|---|---|---|
| Equity Cash and F&O | Yes | Yes |
| Currency Derivatives | Yes | Yes |
| Commodity | Yes | Yes |
| Online IPO Application | Yes, Through ASBA | Yes |
| Mutual Funds | Yes | Yes |
| Bond/NCD | No | Yes |
| ETF | Yes | Yes |
| Banking | No | No |
| Insurance | No | No |
| Forex | No | No |
| Mutual Funds SIP Investment | No | Yes |
| Equity SIP Investment | No | No |
| Portfolio Management Service | No | No |
| Other Investment Options | No | No |
Zerodha vs Upstox – Support Portal Comparison
Here we compared Upstox customer care with Zerodha Support provided by the stockbroker. The type of service provided by both the stockbrokers is compared for a quick resolution of queries or issues. It is recommended to understand the Upstox Login process before Buying and selling the shares using Upstox.
| Customer Service | Upstox | Zerodha |
|---|---|---|
| 24/7 Customer Service | No | No |
| Email Support | Yes | Yes |
| Online Live Chart | Yes | No |
| Phone Support | Yes | Yes |
| Toll-Free number | No | No |
| Through Branches | Yes | Yes |
| Customer Care Number | 912261309999 | 918049132020 |
| Account Opening Process | Online or Paperless | Online or Paperless |
| Customer Support Email | support@upstox.com | support@zerodha.com |
Zerodha vs Upstox- FAQs
Is Zerodha better than upstox?
Is Zerodha safe for beginners?
Yes, Zerodha is safe and provides user-friendly web, mobile, and desktop applications, which helps a beginner to understand them easily.
Does Upstox provide a free account opening?
Yes, You can use Upstox Coupon Code to open a free account in upstox.
