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10 Best Upstox Vs Zerodha Comparison

upstox vs zerodha

The financial companies including Upstox and 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 choice 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:

Lets Compare Upstox vs Zerodha on the basis of Service

servicesUpstoxZerodha
Demat Servicesyesyes
Trading servicesyesyes
3 in 1 accountnono
Intraday Servicesyesyes
IPO Servicesyesyes
Stock Recommendationsnono
Robo Advisoryyesno
Trading Institutionnono
PMSnono
Trading Exposureupto 20xupto 28x

Lets Compare Upstox vs Zerodha on the basis of Products

ProductsUpstoxZerodha
Equity tradingyesyes
Currency Tradingyesyes
Commodity Tradingyesyes
Mutual Fundsnono
Optionsyesyes
Futuresyesyes
Forexnono
SIPnono
Insurancenono
Bankingnono

Lets Compare Upstox vs Zerodha on the basis of Demat account

Demat ServicesUpstoxZerodha
Depository SourceCDSLCDSL
Account Opening ChargesRs. 150Rs. 300
Trading AMC ChargesFreeFree
Demat AMC ChargesRs 150 per yearRs 300 per year
Margin Moneyzerozero
Offline to Onlinenono

Lets Compare Upstox vs Zerodha Brokerage charges

Brokerage Charge/FeesUpstoxZerodha
Equity Intraday TradingRs. 20Rs. 20 per Order
Equity Delivery TradingZeroFree
Commodity Options TradingRs. 20Rs. 20 per Order
Equity Options TradingRs. 20 per lotRs. 20 per Order
Equity Futures TradingRs. 20Rs. 20 per Order
Currency Options TradingRs. 20 per lotRs. 20 per Order
Currency Futures TradingRs. 20Rs. 20 per Order
Minimum BrokerageRs.20zero

Lets Compare Upstox vs Zerodha on the basis of Other Charges

Other ChargesUpstoxZerodha
Transaction Charges0.00275% of Turnover0.00325% of Turnover
STT0.0126% of Turnover0.0126% of Turnover
SEBI Turnover Charges0.0002% of Turnover0.0002% of Turnover
Stamp DutyDepends on StateDepends on State
GST18% (Brokerage + Transaction Charges)18% (Brokerage + Transaction Charges)

Lets Compare Upstox Vs Zerodha on the basis of Offers

OffersUpstoxZerodha
Free Demat Accountnono
Free Trading Accountyesno
Discount on Brokerageyesyes
Flexible Brokerage Plansnono
Referral Offersnono
Holiday Offersnono

Lets Compare Upstox Vs Zerodha on the basis of Trading Platform

Trading PlatformUpstoxZerodha
Desktop- Windowsyesyes
Desktop- Macyesyes
Android Appyesyes
IOS Appyesyes
Windows Mobile Appnono
Real Time Updatesyesyes
Portfolio Detailsyesyes
Online MFyesyes
Research Reportsyesyes
News Flashyesyes
Stock Tipsyesyes
Personalized Advisoryyesyes
Interactive Chartsyesyes
Live marketyesyes
SMS alertsyesyes
Email Alertsyesyes
Multi Account Managementyesyes

Lets Compare Upstox vs Zerodha on the basis of Margin/Exposure/Leverages

Margin/exposure/LeveragesUpstoxZerodha
Equity Deliveryup to 5xup to 20x
Equity Intradayup to 20xup to 28x
Equity Optionsup to 8xup to 8x
Equity Futuresup to 7xup to 15x
Currency Optionsup to 6xup to 8x
Currency Futuresup to 5xup to 12x
Commoditiesup to 7xup to 17x

Lets Compare Upstox vs Zerodha on the basis of Customer Support

Customer SupportUpstoxZerodha
Online Tradingnono
Offline Tradingnono
Dedicated Dealernono
E mail Supportyesyes
Chat supportnoyes
Toll Free Numbernono
24*7 Supportnoyes

Lets Compare Upstox Vs Zerodha on the basis of Customer Rating

RatingUpstoxZerodha
Experience6/107/10
Brokerage charges9/109/10
Research and Advisory4/104/10
Trading Platforms7/108/10
Products and Services7/109/10
Overall Ratings7/109/10

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 flexibility to choose either lumpsum or SIP pattern 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 account 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.

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