Both platforms Zerodha and Upstox (RKVS) are well known and popular discount brokers in India with zero delivery charges and a low flat charge of Rs. 20 for trading. Customers can trade large volumes while paying a nominal fee of Rs 20 per trade.
The basic options of Upstox and Zerodha are the same in terms of charges and benefits. Zerodha is the largest discount broker with more than 12 lakh customer, and other, Upstox recently crossed the 10 lakh customer mark.
But, there are some differences. Zerodha is one of the most trusted and first preference for the traders, meanwhile, Upstox is the fastest growing discount broker in India.
Below are some general comparison criteria on which these two platforms got compared usually.
General Comparison
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Particulars
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Upstox
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Zerodha
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Can trade-in
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Stocks, Equity F&O, Currency F&O and Commodity F&O
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Stocks, Equity F&O, Currency F&O and Commodity F&O Bonds and Govt-Securities
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Brokerage Charges
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Details for Upstox Basic Plan
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Details for Zerodha Plan
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Equity delivery
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Rs. 0
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Rs. 0
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Equity Intraday, Futures, Options,
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Lower of Rs. 20 per executed order or 0.05%
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Lower of Rs. 20 per executed order or 0.03%
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Currency & Commodity FNO
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Lower of Rs. 20 per executed order or 0.05%
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Lower of Rs. 20 per executed order or 0.03%
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Charges for Call and Trade
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Rs. 20 per order
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Rs. 50 per order
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Margin for Intraday
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Upto 15X
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Upto 15X
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Account Opening Charges
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Free (limited time offer)
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Rs 200
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AMC Fees
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Rs. 25 per month
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Rs. 300 yearly
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Comparison based on Account Charges
Upstox provides a free account opening offer for a limited period. But Zerodha charges a fee of Rs 200 for the account opening.
The annual maintenance charge for the Upstox account is Rs 25 per month.
Zerodha charges Rs 300 years as a maintenance fee.
Comparison based on Brokerage
Upstox and Zerodha both charge the same brokerage charges of Rs 20 per trade.
Zerodha charges a lower of Rs. 20 per order or 0.03%, meanwhile Upstox charge a lower of Rs. 20 per order or 0.05%.
Pros and cons of Upstox
Pros
- No brokerage charges for delivery.
- Great trading platforms.
- Fix & low brokerage.
- No Demat opening charges
Cons
- You cannot make direct IPO and FPO investments.
- Customer support is not that good.
Upstox Account Best For
Upstox is popular among traders for its amazing offers.
Pros and cons of Zerodha
Pros
- No brokerage charges for delivery.
- Low fixed brokerage charges for trading
- No minimum balance required for account opening.
- Good customer support.
Cons
Some customers face server down during trading hours.
Best For
Zerodha is best for traders who are looking for good trading platforms with lower brokerage charges and good customer support.
Complete Comparison Table of Zerodha and Upstox
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Particulars
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UpStox
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Zerodha
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Type
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Discount Broker
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Discount Broker
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Can trade-in
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Stocks, Equity F&O, Currency F&O and Commodity F&O
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Stocks, Equity F&O, Currency F&O and Commodity F&O Bonds and Govt-Securities
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Can invest in
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Mutual funds
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Mutual funds IPO – through Bhim UPI
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Customer Support
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Through calls and e-mail
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Through calls, e-mails and tickets
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Forum
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None
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Trading QnA Forum
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Program for Traders
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None
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60-day challenge
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Referral Program
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Yes
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Yes
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Learning Resources
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Limited to basic guides
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Zerodha Varsity
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Brokerage Plan
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Basic and Priority Plans
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No Plans
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Brokerage Charges
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Details for Upstox Basic Plan
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Details for Zerodha Plan
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|
Equity delivery
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Rs. 0
|
Rs. 0
|
|
Equity Intraday
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Lower of Rs. 20 per executed order or 0.05%
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Lower of Rs. 20 per executed order or 0.03%
|
|
Equity Futures
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Lower of Rs. 20 per executed order or 0.05%
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Lower of Rs. 20 per executed order or 0.03%
|
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Currency Futures
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Lower of Rs. 20 per executed order or 0.05%
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Lower of Rs. 20 per executed order or 0.03%
|
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Commodity Futures
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Lower of Rs. 20 per executed order or 0.05%
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Lower of Rs. 20 per executed order or 0.03%
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|
Equity Options
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Rs. 20 per executed order
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Rs. 20 per executed order
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Currency Options
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Rs. 20 per executed order
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Lower of Rs. 20 per executed order or 0.03%
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Commodity Options
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Rs. 20 per executed order
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Lower of Rs. 20 per executed order or 0.03%
|
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Call and Trade Facility
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Yes
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Yes
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Charges for Call and Trade
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Rs. 20 per order
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Rs. 50 per order
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Margin for Intraday
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Details for Upstox Basic Plan
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Details for Zerodha Plan
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NSE/ BSE Cash
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15X
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15X
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Index Futures
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3X
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4.16X
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|
Stock Futures
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3X
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3.33X
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Index Option
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3X
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4.16X
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Stock Option
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3X
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3.33X
|
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NSE Currency
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4X
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2X
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MCX Futures
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2.5X
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2X
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The Margin for OC/ OCO
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Details for Upstox Basic Plan
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Details for Zerodha Plan
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NSE/ BSE Cash
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20X
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Does not disclose upfront. You need to use the BO&CO margin calculator
|
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Index Futures
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20X
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Same as above
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Stock Futures
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5X
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Same as above
|
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Index Option Sell
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3X
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Same as above
|
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Stock Option Sell
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3X
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Same as above
|
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NSE Currency
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4X
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Same as above
|
|
MCX Futures
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3X
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Same as above
|
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NSE Option Buy
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1.33X
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Same as above
|
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Account opening
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Both online and offline
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Both online and offline
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|
Account Opening Charges
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Upstox
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Zerodha
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Demat Account
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Rs. 0
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Charges for Demat & Trading account is clubbed – Rs. 200
|
|
Trading Account
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Rs. 0
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Charges for Demat & Trading account is clubbed – Rs. 200
|
|
Demat AMC Fees
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Rs. 25 per month
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Rs. 300
|
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Commodity Account
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Rs. 0
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Rs. 100
|
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3-in-1 account
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IndusStox 3-in-1 account
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Zerodha IDFC First Bank 3-in-1 account
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Trading Platforms
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Upstox Pro WebUpstox NEST Trader
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Zerodha Kite 3.0Zerodha PI
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Partnered Platform/ software
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Dartstock softwareFox Trader
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None
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Cloud Alert Tool
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None
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Sentinel
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APIs
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Upstox API supports Python, Javascript. .NET through the third party
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Kite Connect API supports Python, Java, PHP, NodeJS, C#, and .Net.
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Trading App
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Upstox Pro App
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Kite Mobile App
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Wrapping up
This caparison is done based on usage and feedback of customers both platforms are good at their level and customers can choose any of them by comparing the thing they want.
