Zerodha and Upstox are two popular online brokerage firms in India that offer trading services for various financial instruments such as equities, derivatives, and mutual funds. When it comes to comparing Zerodha vs Upstox, it’s important to consider the features and benefits of each platform.
Zerodha Introduction –
Zerodha is known for its low brokerage fees and user-friendly trading platform, making it one of the largest and most popular discount brokers in India. In addition to equity and derivatives trading, Zerodha offers currency and mutual fund trading, as well as a 3-in-1 account (Trading + Demat + Bank) for seamless and hassle-free trading.
Upstox Introduction –
Upstox, on the other hand, is a newer player in the market but has been gaining popularity in recent years. They also offer low brokerage fees and a user-friendly trading platform. Upstox provides a wide range of financial instruments to trade in and also offers a 3-in-1 account.
When it comes to comparing Zerodha vs Upstox, both have their own strengths and weaknesses. Zerodha has more experience and a larger user base, while Upstox has a modern and user-friendly platform. It ultimately comes down to the individual trader’s preferences and needs.
If you’re a beginner or a trader with a small capital, Zerodha may be the better option due to its low brokerage fees and user-friendly platform. However, if you’re looking for a newer and more modern platform, Upstox may be a better choice. Both are good options to consider when choosing an online broker. Lets Analyse both of these trading Platform In detail.
Zerodha Vs Upstox Basic Introduction
| Parameter | Zerodha | Upstox |
|---|---|---|
| Type of Broker | Discount Broker | Discount Broker |
| Exchange Membership | NSE, BSE, MCX and NCDEX | BSE, NSE, MCX |
| Year of Incorporation | 2010 | 2012 |
| Number of Branches | 22 | 4 |
Account Maintenance charges / Account Opening Charges Comparison Zerodha vs Upstox
Upstox appears to have a competitive edge in terms of lower charges for account opening and account maintenance. Upstox offers free trading account opening, which is a significant advantage for individuals looking to start trading without incurring upfront costs.
| Pointer | 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 |
Actual Brokerage Charges Zerodha Vs Upstox
In this comparison, Zerodha’s Flat Brokerage Plan stands out for its lower charges in various segments, while Upstox Default offers competitive rates, particularly in equity delivery trading.
| Account Type | Zerodha Flat Brokerage Plan | Upstox Default |
|---|---|---|
| Fixed Charges | NA | 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 0.03% whichever is lower | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Futures | Rs 20 per executed order or 0.03% 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 0.03% 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 0.03% 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 Vs Upstox Transaction Fees
Transaction fees for Zerodha and Upstox are quite competitive, with both offering reasonable charges for various trading segments. While Zerodha stands out with its lower equity delivery charges, Upstox provides a competitive fee structure across multiple trading categories, making them both attractive options for traders and investors.
| Segment | Zerodha Charges | Upstox Charges |
|---|---|---|
| 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 6250 per Cr (0.0625%) (on premium) | NSE Rs 5000 per Cr (0.050%) (on premium) |
| Currency Futures | NSE Rs 90 per Cr (0.0009%) | BSE Rs 25 per Cr (0.00025%) | 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 Features Comparison
This table provides a concise comparison of key features between Zerodha and Upstox, two popular trading platforms. It highlights their offerings, including charting, automated trading, margin trading funding, and more, enabling users to make informed decisions based on their specific trading preferences and requirements.
| Features | Zerodha | Upstox |
|---|---|---|
| 3 in 1 Account | No | No |
| Charting | Yes | Yes |
| Automated Trading | Yes | No |
| SMS Alerts | No | No |
| Online Demo | Yes | Yes |
| Online Portfolio | No | No |
| Margin Trading Funding | No | Yes |
| Margin Against Shares (Equity Cash) | Yes | No |
| Margin Against Shares (Equity F&O) | Yes | Yes |
| Trading Platform | Kite Web, Kite Mobile for Android/iOS, 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? | Yes | Yes |
| Referral Program | Yes | Yes |
| Other Features | Direct Mutual Funds, APIs for Algo Trading | Option strategy builder |
Zerodha Vs Upstox Margins (Leverage)
This table compares the leverage options offered by both Zerodha and Upstox across various trading segments. Both brokers provide 1x leverage for equity delivery and 5x leverage for equity intraday, requiring a 20% margin. Additionally, they offer 1x leverage for futures and options trading with margin requirements based on NRML margins.
| Trading Segment | Zerodha | Upstox |
|---|---|---|
| Equity Delivery Leverage | 1x (No additional leverage) | 1x (No additional leverage) |
| Equity Intraday Leverage | Up to 5x (20% margin required) | Up to 5x (20% margin required) |
| Futures & Options (Equity, Currency, Commodity) Leverage | 1x (Margin as per NRML margin) | 1x (Margin as per NRML margin) |
Zerodha Vs Upstox - Options to Invest
This table provides a clear comparison of investment options available with Zerodha and Upstox, including stock/equity trading, commodities, currencies, IPOs, mutual funds, and more. You can fill in the “Other Investment Options” row as needed.
| Investment Options | Zerodha | Upstox |
|---|---|---|
| Stock / Equity | Yes | Yes |
| Commodity | Yes | Yes |
| Currency | Yes | Yes |
| IPO | Yes | Yes |
| Mutual Funds | Yes | No |
| Bond / NCD | No | No |
| Debt | No | No |
| Other Investment Options |
Zerodha Vs Upstox - Pros Comparison
Pros (Advantages):
Zerodha:
- India’s top broker with many active clients and high exchange volume.
- Safe, reliable, and technologically advanced.
- Simple flat fees for trading across segments and exchanges.
- Free equity delivery trades with no charges for Cash-N-Carry orders.
- Excellent free trading platform (Kite).
- Direct Mutual Fund Investment available.
- Offers Good Till Triggered (GTT) orders.
- Provides NRI Trading accounts.
Upstox:
- No account opening fee.
- Zero brokerage for Mutual Fund investment.
- Flat Rs 20 per trade brokerage, including equity delivery.
- Offers direct mutual funds.
- One app for trading in equity, currency, and commodity.
- Margin Trading Facility (MTF) available for Rs 20/day on slabs of Rs 40,000.
- Provides Margin Against Shares.
- Online access to IPOs, FPOs, Bonds, and NCDs.
- Offers Good-Till-Triggered (GTT) orders.
In Conclusion - Zerodha Have upper edge
In conclusion, Zerodha and Upstox are both popular and well-established online brokerage platforms in India. However, after conducting a detailed analysis, it appears that Zerodha has a slight edge over Upstox in terms of the features and services offered. Zerodha offers a range of advanced trading tools, such as Good Till Triggered (GTT) orders, Margin Against Share, and NRI Trading account, that are not available on Upstox. Zerodha also has a more favorable pricing structure with zero brokerage on mutual fund investment and free equity delivery trades. Additionally, Zerodha’s trading platform, Kite, is highly rated by users for its ease of use and functionality. While Upstox also offers a good range of services, it does not match up to Zerodha in terms of the depth and breadth of offerings. Overall, Zerodha seems to be the better choice for traders and investors looking for a comprehensive, user-friendly and low-cost online trading platform.
Faq About Zerodha Vs Upstox
What is the main difference between Zerodha and Upstox?
Zerodha and Upstox are both discount brokers, but one key difference is their fee structure. Zerodha offers free equity delivery trading, while Upstox charges a flat fee of Rs 20 per trade for all segments, including equity delivery.
Which one is better for beginners, Zerodha or Upstox?
Both platforms are suitable for beginners due to their user-friendly interfaces and educational resources. Zerodha's free equity delivery trading can be advantageous for beginners, while Upstox offers a simple fee structure.
Are there any hidden charges with Zerodha or Upstox?
Both brokers are transparent about their charges. However, users should be aware of additional charges for services like Call & Trade, auto square-off, and margin trading, which may vary between the two.
Which broker provides better trading platforms?
Zerodha offers the Kite trading platform, known for its user-friendliness and features. Upstox also provides a robust platform, Upstox Pro Web, along with other options. The choice depends on individual preferences.
Can I invest in Mutual Funds with both Zerodha and Upstox?
Yes, both Zerodha and Upstox offer direct Mutual Fund investments. Zerodha, however, provides this service for free, while Upstox charges zero brokerage for Mutual Fund investments.
What are the advantages of Zerodha over Upstox?
Zerodha is India's largest broker in terms of active clients and exchange volume. It also offers Good Till Triggered (GTT) orders and NRI Trading accounts.
What are the advantages of Upstox over Zerodha?
Upstox provides zero account opening fees, zero brokerage for Mutual Fund investments, and online access to IPOs, FPOs, Bonds, and NCDs. It also offers Good-Till-Triggered (GTT) orders.
Can I get stock tips and research with Zerodha or Upstox?
Neither Zerodha nor Upstox provides stock tips, research, or recommendations. Traders need to rely on their analysis or third-party research.
Do Zerodha and Upstox offer 3-in-1 accounts?
No, neither broker offers 3-in-1 accounts, which include a savings bank account, trading account, and Demat account bundled together.
How do I decide between Zerodha and Upstox?
Your choice depends on your specific trading preferences, such as fee structure, platform features, and additional services. Consider your trading needs and compare the two brokers to make an informed decision.
