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Zerodha is India’s leading discount broker, offering online flat-fee brokerage services for trading in Equity, Currency, Commodity, IPO, Futures & Options, Bonds, Govt. Securities, and Direct Mutual Funds. Zerodha has gained popularity for its low brokerage rates, including zero brokerage for equity delivery trades and mutual fund investments. For intraday and Futures & Options (F&O), Zerodha charges Rs 20 per trade or 0.03% (whichever is lower). This makes Zerodha an attractive choice for active traders. | Upstox is a technology-driven discount broker in India, providing low-cost trading opportunities across various segments such as equities, commodities, currency, futures, and options. Upstox offers a range of trading tools like Upstox Pro Web and Upstox Pro Mobile to facilitate seamless trading. Upstox is backed by investors like Kalaari Capital and Ratan Tata, and has become a strong competitor in the industry. |
Zerodha vs Upstox: Key Comparison
Feature | Zerodha | Upstox |
Founded | 2010 | 2012 |
Type of Broker | Discount Broker | Discount Broker |
Exchange Membership | NSE, BSE, MCX, NCDEX | NSE, BSE, MCX |
Number of Branches | 22 | 4 |
Zerodha vs Upstox: Account Opening & AMC Charges
Feature | Zerodha | Upstox |
Trading Account Opening Charges | Rs 0 | Rs 0 (Free) |
Demat Account Opening Charges | Rs 0 | Rs 0 (Free) |
Trading Account AMC Charges | Rs 0 (Free) | Rs 0 (Free) |
Demat Account AMC Charges | Rs 300 | Rs 150 |
Zerodha vs Upstox: Brokerage Charges
Account Type | Zerodha Flat Brokerage Plan | Upstox Default |
Equity Delivery | Rs 0 (Free) | Rs 20 per executed order or 2.5% (whichever is lower) |
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: Leverage (Margin Trading)
Feature | Zerodha | Upstox |
Equity Delivery | 1x leverage (100% of trade value) | 1x leverage (100% of trade value) |
Equity Intraday | 5x leverage (20% of trade value) | 5x leverage (20% of trade value) |
F&O (Equity, Currency, Commodities) | 1x leverage (100% of NRML margin) | 1x leverage (100% of NRML margin) |
Zerodha vs Upstox: Trading Platforms
Feature | Zerodha | Upstox |
Trading Platforms | Kite Web, Kite Mobile, Coin | Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, Algola |
Charting |
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Automated Trading |
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Referral Program |
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Zerodha vs Upstox: Review
Feature | Zerodha | Upstox |
Customer Rating | 3.7/5 (based on 486 reviews) | 2.4/5 (based on 147 reviews) |
Fees | Rated 3.6 stars | Rated 3.3 stars |
Brokerage | Rated 4.2 stars | Rated 3.3 stars |
Customer Service | Rated 3.4 stars | Rated 2.3 stars |
Zerodha Vs Upstox Investment Options
Feature | Zerodha | Upstox |
Stock / Equity |
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Commodity |
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Currency |
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IPO |
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Mutual Funds |
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Bond/ NCD |
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Debt |
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Zerodha Vs Upstox – Order Types Offered
Feature | Zerodha | Upstox |
Bracket Order |
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Cover Order |
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Buy Today Sell Tomorrow (BTST) |
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Sell Today Buy Tomorrow (STBT) |
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After Market Order (AMO) |
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Good Till Cancelled (GTC) |
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Which is Better: Zerodha or Upstox?
In the ongoing Zerodha vs Upstox comparison, Zerodha often emerges as the better choice due to its reliable customer service, advanced trading tools, and lower brokerage charges for equity delivery. Although Upstox provides competitive pricing, especially in terms of brokerage and flat fees, Zerodha stands out for offering a more complete set of services, including direct mutual fund investments and advanced charting tools.
When searching for answers on forums like Quora, many traders ask “which is better Zerodha or Upstox?” The majority of users suggest Zerodha because of its reputation, trustworthiness, and superior trading features.
Conclusion
Ultimately, whether you choose Zerodha or Upstox comes down to your personal trading needs. Zerodha excels in brokerage and technology, offering zero brokerage on equity delivery, making it ideal for those looking for low-cost investment options. Upstox provides a low-cost alternative but lacks certain features that make Zerodha the preferred choice for many traders, such as direct mutual fund investment and better customer service.