The financial companies including Upstox vs Zerodha have emerged to be one of the most preferred discount brokers in the country during the past few years. While Zerodha is counted among the most preferred and trusted choices for people with more than 12 Lakh customers, Upstox is still at a developing stage for 2 years with 10 lakh customers till date. Although, both the companies are similar in terms of charges and benefits while offering trading services for flat Rs. 20 with zero delivery charges. Traders can expect enhanced customer support and amazing deals from Upstox and Zerodha respectively.
You can also check our detailed article on how to open demat and trading account in Zerodha and how to open demat and trading account in Upstox
There are various parameters on which we can differentiate between Upstox vs Zerodha. These include:
- Services
- Products
- Offers
- Brokerage charges and fees
- Other charges
- Demat account
- Exposure/Leverage
- Trading platform
- Research and advisory
- Customer support
- Complaints
- Customer ratings
- Advantages
- Disadvantages
Lets Compare Upstox vs Zerodha on the basis of Service
| services | Upstox | Zerodha |
|---|---|---|
| Demat Services | yes | yes |
| Trading services | yes | yes |
| 3 in 1 account | no | no |
| Intraday Services | yes | yes |
| IPO Services | yes | yes |
| Stock Recommendations | no | no |
| Robo Advisory | yes | no |
| Trading Institution | no | no |
| PMS | no | no |
| Trading Exposure | upto 20x | upto 28x |
Lets Compare Upstox vs Zerodha on the basis of Products
| Products | Upstox | Zerodha |
|---|---|---|
| Equity trading | yes | yes |
| Currency Trading | yes | yes |
| Commodity Trading | yes | yes |
| Mutual Funds | no | no |
| Options | yes | yes |
| Futures | yes | yes |
| Forex | no | no |
| SIP | no | no |
| Insurance | no | no |
| Banking | no | no |
Lets Compare Upstox vs Zerodha on the basis of Demat account
| Demat Services | Upstox | Zerodha |
|---|---|---|
| Depository Source | CDSL | CDSL |
| Account Opening Charges | Rs. 150 | Rs. 300 |
| Trading AMC Charges | Free | Free |
| Demat AMC Charges | Rs 150 per year | Rs 300 per year |
| Margin Money | zero | zero |
| Offline to Online | no | no |
Lets Compare Upstox vs Zerodha Brokerage charges
| Brokerage Charge/Fees | Upstox | Zerodha |
|---|---|---|
| Equity Intraday Trading | Rs. 20 | Rs. 20 per Order |
| Equity Delivery Trading | Zero | Free |
| Commodity Options Trading | Rs. 20 | Rs. 20 per Order |
| Equity Options Trading | Rs. 20 per lot | Rs. 20 per Order |
| Equity Futures Trading | Rs. 20 | Rs. 20 per Order |
| Currency Options Trading | Rs. 20 per lot | Rs. 20 per Order |
| Currency Futures Trading | Rs. 20 | Rs. 20 per Order |
| Minimum Brokerage | Rs.20 | zero |
Lets Compare Upstox vs Zerodha on the basis of Other Charges
| Other Charges | Upstox | Zerodha |
|---|---|---|
| Transaction Charges | 0.00275% of Turnover | 0.00325% of Turnover |
| STT | 0.0126% of Turnover | 0.0126% of Turnover |
| SEBI Turnover Charges | 0.0002% of Turnover | 0.0002% of Turnover |
| Stamp Duty | Depends on State | Depends on State |
| GST | 18% (Brokerage + Transaction Charges) | 18% (Brokerage + Transaction Charges) |
Lets Compare Upstox Vs Zerodha on the basis of Offers
| Offers | Upstox | Zerodha |
|---|---|---|
| Free Demat Account | no | no |
| Free Trading Account | yes | no |
| Discount on Brokerage | yes | yes |
| Flexible Brokerage Plans | no | no |
| Referral Offers | no | no |
| Holiday Offers | no | no |
Lets Compare Upstox Vs Zerodha on the basis of Trading Platform
| Trading Platform | Upstox | Zerodha |
|---|---|---|
| Desktop- Windows | yes | yes |
| Desktop- Mac | yes | yes |
| Android App | yes | yes |
| IOS App | yes | yes |
| Windows Mobile App | no | no |
| Real Time Updates | yes | yes |
| Portfolio Details | yes | yes |
| Online MF | yes | yes |
| Research Reports | yes | yes |
| News Flash | yes | yes |
| Stock Tips | yes | yes |
| Personalized Advisory | yes | yes |
| Interactive Charts | yes | yes |
| Live market | yes | yes |
| SMS alerts | yes | yes |
| Email Alerts | yes | yes |
| Multi Account Management | yes | yes |
Lets Compare Upstox vs Zerodha on the basis of Margin/Exposure/Leverages
| Margin/exposure/Leverages | Upstox | Zerodha |
|---|---|---|
| Equity Delivery | up to 5x | up to 20x |
| Equity Intraday | up to 20x | up to 28x |
| Equity Options | up to 8x | up to 8x |
| Equity Futures | up to 7x | up to 15x |
| Currency Options | up to 6x | up to 8x |
| Currency Futures | up to 5x | up to 12x |
| Commodities | up to 7x | up to 17x |
Lets Compare Upstox vs Zerodha on the basis of Customer Support
| Customer Support | Upstox | Zerodha |
|---|---|---|
| Online Trading | no | no |
| Offline Trading | no | no |
| Dedicated Dealer | no | no |
| E mail Support | yes | yes |
| Chat support | no | yes |
| Toll Free Number | no | no |
| 24*7 Support | no | yes |
Lets Compare Upstox Vs Zerodha on the basis of Customer Rating
| Rating | Upstox | Zerodha |
|---|---|---|
| Experience | 6/10 | 7/10 |
| Brokerage charges | 9/10 | 9/10 |
| Research and Advisory | 4/10 | 4/10 |
| Trading Platforms | 7/10 | 8/10 |
| Products and Services | 7/10 | 9/10 |
| Overall Ratings | 7/10 | 9/10 |
Upstox VS Zerodha on the basis of advantages
Here are the advantages associated with the services of Zerodha which a trader can prevail. The following pros can help people determine its suitability with their investment needs.
Popularity: Zerodha has emerged to be the most popular financial company in the country. It receives more than 12 lakh, active clients, on average along with daily trading volume.
Trusted company: Over the period, Zerodha has gained the trust of many people for their investment needs. It has emerged to be the safest and most reliable stockbroker in India.
Lower prices: Traders can be assured of low expenses while buying stocks from the company. Zerodha follows a nominal pricing model which goes best with your budget. The company charges up to 0.03% or Rs. 20 per trading, which is cost-effective regardless of its domain or trade size. Here, the traders need to pay a maximum brokerage of Rs. 20 per trade only.
The advantages or pros of Upstox are given below:
Access to technology: Upstox offers a mobile trading app for both his Android and iOS phone user to perform hassle-free buying and selling of stocks. Moreover, it’s a free service for the traders where they do not need to pay for the usage of the software.
Web trading platform: The Upstox pro web trading platform provides multiple indicators to monitor the market on the go.
Upstox MF platform: The Mf platform of Upstox offers 1000’s mutual funds for their clients to invest in. The customers are provided with the flexibility to choose either lumpsum or SIP patterns of investing.
Upstox Vs Zerodha on the basis of disadvantages
The clients must look for the disadvantages of Zerodha before availing of its services. The possible cons include:
- Being a discount broker, Zerodha does not provide stock tips, research reports, or recommendations.
- Clients might not be provided with the monthly unlimited trading plans.
- Unlike other companies, Zerodha does not provide lifetime free AMC Demat account plans.
- The customers will need to pay Rs 50 extra to avail of the call & trade services.
- As Zerodha does not provide banking services, so other services including 3-in-1 trading accounts might not be available to the clients.
The disadvantages associated with Upstox are given below:
- Upstox does not provide certain services including unlimited monthly trading plans.
- Call and trade service is charged at additional Rs 20 per executed order. However, Upstox provides it at a lesser price as compared to Zerodha.
- Similar to Zerodha, Upstox does not provide stock tips or recommendations.
- Upstox does not provide banking services due to which the clients cannot avail of the 3-in-1 accounts service.
- Customers are not provided with the 24/7 service.
