Zerodha vs Upstox Review 2020

Zerodha vs Upstox – An Overview 

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. 

Upstox trading platform offers trading, analysis, charting, and various trading features… read more

Let’s compare the Upstox vs. Zerodha Demat accounts on the below parameters to understand the advantages and choose the best discount broker

  1. Account Opening Charges
  2. Brokerage Charges
  3. Intraday margin
  4. Trading platform
  5. Mobile application

zerodha vs upstox
Zerodha vs Upstox Comparison

Zerodha vs Upstox – Demat Account Comparisons 

Let’s compare the Demat Account Features below. 

Demat Account Features

Compare Account FeatureUpstoxZerodha
3 in 1 AccountNoNo
ChartingYesYes
Algo TradingYesYes
SMS AlertYesNo
Online DemoYesYes
Online PortfolioYesYes
Margin Trading Funding AvailableNoNo
Combined ledger for Equity and commodityYesYes
Intraday Square-off time3:15 PM3:15 PM
NRI TradingYesYes

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 & ChargesZerodhaUpstox
Depository SourceCDSLCDSL
Account Opening ChargesRs.200 for equities and Rs. 300for equity and commodityRs. 150 for equity and Rs. 150 for Commodity
Demat AMC ChargesRs.300 per yearRs.150 per year
Trading AMC ChargesFreeFree
Margin MoneyZeroZero

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. 

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 ChargesZerodha brokerage Upstox brokerage
Equity Delivery TradingZeroZero
Equity Intraday TradingRs.20 or 0.01% per trade whichever is lowerRs.20 or 0.01% per trade whichever is lower
Equity Intraday TradingRs.20 or 0.01% per trade whichever is lowerRs.20 or 0.01% per trade whichever is lower
Equity Futures TradingRs.20 or 0.01% per trade whichever is lowerRs.20 or 0.01% per trade whichever is lower
Equity Options TradingRs.20 or 0.01% per trade whichever is lowerRs.20 or 0.01% per trade whichever is lower
Currency Futures TradingRs.20 or 0.01% per trade whichever is lowerRs.20 or 0.01% per trade whichever is lower
Currency Options TradingRs.20 or 0.01% per trade whichever is lowerRs.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.

Intraday MarginZerodhaUpstox
NSE/BSE cashUp to 14 timesUp to 15 times
Index FuturesUp to 2 timesUp to 4 times
Stock FuturesUp to 2 timesUp to 4 times
Index Options SellUp to 2 timesUp to 4 times
Stock Options SellUp to 2 timesUp to 4 times
NSE CurrencyUp to 2 timesUp to 4 times
MCX futuresUp to 2 timesUp to 2.5 times

Zerodha vs Upstox – Trading Platform Comparison

We have compared all the important features of the Upstox app and the Zerodha app. This comparison covers Desktop Trading Platform, Web, Mobile Android, and iOS

Trading Platform CompareUpstoxZerodha
Desktop Trading PlatformDartstock/Nest Trader/Forex TraderZerodha PI, Zerodha coin, Sentinel Zerodha, Zerodha streak
Desktop Platform(Windows)YesYes
Desktop Platform(Mac)NoNo
Web Trading PlatformYesYes
Mobile TradingYesYes
Mobile Trading AppUpstox ProZerodha Kite
Android Mobile AppYesYes
iPhone Mobile App(IOS)YesYes
Trading Software ChargesFreeFree

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, 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. 

Investment Offering CompareUpstoxZerodha
Equity Cash and F&OYesYes
Currency DerivativesYesYes
CommodityYesYes
Online IPO ApplicationYes, Through ASBAYes
Mutual FundsYesYes
Bond/NCDNoYes
ETFYesYes
BankingNoNo
InsuranceNoNo
ForexNoNo
Mutual Funds SIP InvestmentNoYes
Equity SIP InvestmentNoNo
Portfolio Management ServiceNoNo
Other Investment OptionsNoNo

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.

Customer Service UpstoxZerodha
24/7 Customer ServiceNoNo
Email SupportYesYes
Online Live ChartYesNo
Phone SupportYesYes
Toll-Free numberNoNo
Through BranchesYesYes
Customer Care Number912261309999918049132020
Account Opening ProcessOnline or PaperlessOnline or Paperless
Customer Support Emailsupport@upstox.comsupport@zerodha.com

Zerodha vs Upstox- FAQs

Is Zerodha better than upstox?

Both Zerodha and Upstox offer cheap brokerage charges for the Demat account with user-friendly platforms for trading. Read detailed reviews of Zerodha and Upstox to decide the discount broker

Is Zerodha good for beginners?

Yes, Zerodha 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.

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