Zerodha vs Upstox Review 2020

Upstox and Zerodha are India’s best discount brokers with the largest client base which offers the lowest brokerage and user-friendly trading platforms. In this article, we will provide similarities and differences between Upstox vs Zerodha brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors

Zerodha started in 2010 which is ranked as one of the best discount brokers in India whereas Upstox started in 2012 and it is little behind Zerodha in both turnover and client numbers. However, Upstox is catching up with Zerodha very fast. 

Let’s compare Upstox vs Zerodha on the below parameters to understand the advantages and disadvantages.

  1. Account opening fee and AMC
  2. Brokerage 
  3. Intraday margin
  4. Trading platform
  5. Mobile application
zerodha vs upstox
Zerodha vs Upstox Comparison

Zerodha Account opening fee and AMC

The Zerodha account opening charges are Rs. 200 for equity and Rs. 100 for commodities. If you are willing to trade on both equity and commodity then it will charge Rs. 300. 

The annual maintenance charge will be Rs 300. 

On the other hand, Upstox account opening charges for equity is Rs. 150 and for commodity, it is Rs. 150. 

The annual maintenance charges will be Rs. 150. 

Open Zerodha Demat account under us to get the free benefits.

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
Offline to OnlineNoNo

Brokerage Charges

The brokerage charges for both Zerodha and Upstox 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 check the full details on Zerodha brokerage charges and Upstox brokerage charges in the table provided below. You can know how to open Zerodha demat and trading account by clicking here.

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
Minimum BrokerageZeroZero

Intraday Margin

For NSE/BSE cash the Zerodha intraday margin is up to 14 times and the Upstox margin is up to 15 times. The margin for Index futures, stock futures, index options sell, stocks options sell, and NSE currency in Zerodha is up to 2 times and in Upstox it is up to 4 times. The margin for MCX futures in Zerodha is up to 2 times and in Upstox, it is up to 2.5 times. So, Upstox is getting more margin compared to Zerodha.

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

The Zerodha trading platform is Zerodha Kite and the Upstox trading platform is Upstox Pro. In Kite Zerodha all the options like orders, holdings, funds, and positions should be selected manually to view them, whereas in Upstox pro all the options are available in the dashboard itself so it will be easy to view them. The options can also be floated from one place to another but in Zerodha Kite Web everything is in a fixed position. Upstox Pro Web has a new feature which is an options strategy that makes Upstox simpler and compared to Zerodha. Know how to open upstox demat and trading account under us to get the free benefits.

Zerodha Kite WebUpstox Pro Web
1. Works at a bandwidth consumption of fewer than 0.5 Kbps for a full market watch Provided.1. A light application can be accessed through any browser or device.
2. Extensive charting with over 100 indicators and 6 chart types. 2. High functional charts with over 100 indicators and charts that allow users to observe the market and stock trends.
3. Advanced order types like Brackets and cover. 3. The ordering window is displayed on the screens so that users can place orders instantaneously.
4. Millisecond order placements. 4. Features such as Workspaces can be customized as per user preferences.
5. Keyboard shortcuts provided to enter orders quickly.

Mobile Application

The mobile application for Zerodha is Zerodha Kite and for Upstox, it is Upstox pro. Both the applications are available in google play store app, ios app store, you can download from it. Using the application you can easily trade as all the options are present and even can watch live charts. Both applications are user-friendly and easy to use.

Zerodha KiteUpstox Pro
1. One-tap universal instrument search for all contracts across all exchanges — NSE, BSE, MCX.1. Live-streaming of Prices from NSE F&O, NSE Cash, BSE Cash, NSE Currency and BSE Currency.
2. Live streaming data. 2. Line charts, candlesticks with chartings indicators and drawing tools for users to comprehend data easily and take actions quickly.
3. Multiple market watch and live market depths. 3. Advanced order types such as Cover Orders & Bracket Orders.
4. Advanced chart with 100+ indicators Years worth of free historical chart data. 4. Easy money transfers with more than 40 banks available within the app.
5. Trade Equities, F&O, Commodities, Currency.

Zerodha vs Upstox full Comparisons 

Here we compared the Account Features, Trading Platforms, Investment Offering, Customer Service of Zerodha and Upstox.

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
Other FeaturesNILNIL

Trading Platform

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

Trading Platform CompareUpstoxZerodha
Desktop Trading PlatformDartstock/Nest Trader/Forex TraderZerodha PI
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

Investment Offerings

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 ApplicationNoYes
Mutual FundsYesYes
Bond/NCDNoYes
ETFYesYes
BankingNoNo
InsuranceNoNo
ForexNoNo
MF SIP InvestmentNoYes
Equity SIP InvestmentNoNo
PMS ServiceNoNo
Other Investment OptionsNoNo

Support Portal

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

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