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Zerodha vs Upstox: A Detailed Comparison (2024)

Contents

Zerodha vs Upstox: both all best online stock broker trading app in India it boths provide different and wide range of features and services which is help you in take right decision in buying best stocks & Shares.

so, in this article we detailed Analysis and compare on Zerodha vs Upstox which is better in service and features.

incorporated in 2010, Zerodha is dicount broker platform that’s provide trading at BSE, NSE and MCX and it has 22 more branches across all over India and Upstoatx is a Discount Broker Trading platform it offers trading at NSE, BSE and MCX.

Zerodha vs Upstox: About

Zerodha

Zerodha: it has 3 apps including ( Zerodha coin, Zerodha Varasity and Zerodha kite ), Zerodha kite is one of the best and largest retail, stock broker, providing a range of online trading and Investment Service trading App and you can trade from Anywhere, Zerodha coin is Designed for online mutual Funds, Zerodha varasity provide stock market Details and Explanations.

Upstox

Upstox: it is a prominent discount broker online trading platform in India. its providing trading services & Equities, commodities, currency, future & options. The Company Emphasizes technology, Innovation, Features and Advance charting tools for Market Analysis and Educational Resources. it is known for his Low-cast Trading & Investment platform to users.

Zerodha vs Upstox: Overview

DetailsZerodhaUpstox
Type of BrokerDiscount BrokerDiscount Broker
Founded in 20102012
users15M+5M+ users in india
Number of Branches75+50+
Downloads on Playstore10M+10M+
Exchange MembershipBSE, NSE, MCX and NCDEXBSE, NSE and MCX
FoundersNithin Kamath and Nikhil KamathMaheswaran Mohan Rao, Shrinivas Viswanathan, Raghu Ram KG, Ravi Kumar Chari
Ratings on Play Store⭐4.4 out of ⭐5.0 (Based on 326k votes)⭐4.3 out of ⭐5.0 (Based on 250k votes)
Websitehttps://zerodha.com/upstox.com

Zerodha vs Upstox: Features

Account Feature CompareZerodhaUpstox
3 in 1 AccountNoYes
Online DemoYesYes
SMS AlertsNoYes
Online PortfolioYesYes
Margin Trading Funding Availableup to 50%No
Combined Ledger for Equity and CommodityYesYes
ChartingAdvance charting with over 100 IndicatorsAdvance charting with over 100 Indicators
Intraday Square-off time3:20 PM3:10 PM
NRI tradingYesNo
other FeaturesNILNIL
Algo TradingYesYes

Zerodha vs Upstox: Transaction Charges

Transaction Charges CompareZerodhaUpstox
Equity DeliveryNSE:335 Per Cr | BSE:375 Per CrNSE:335 Per Cr | BSE:375 Per Cr
Equity IntradayNSE:335 Per Cr | BSE:375 Per CrNSE:335 Per Cr | BSE:375 Per Cr
Equity FuturesNSE:200 Per Cr | BSE:FREENSE:200 Per Cr | BSE:FREE
Equity OptionsNSE:5050 Per Cr | BSE:3700 Per CrNSE:5050 Per Cr | BSE:3700 Per Cr
Currency FuturesNSE:90 Per Cr | BSE:25 Per CrNSE:90 Per Cr | BSE:25 Per Cr
Currency OptionsNSE:4000 Per Cr | BSE:100 Per CrNSE:4000 Per Cr | BSE:100 Per Cr
CommodityNon-Agri: Rs 360 Per Cr | Agri: Rs 275 Per CrNon-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr

Zerodha vs Upstox: Leverage Margin

SegmentZerodha LeverageUpstox Leverage
Equity Delivery100% of trade value (1x Leverage)100% of trade value (1x Leverage)
Equity Intradayup to 20% of trade value (5x Leverage)up to 20% of trade value (5x Leverage)
F&O (Eq, Curr, Comm)100% NRML Margin (Span + Exposure) (1x Leverage) 100% NRML Margin (Span + Exposure) (1x Leverage)

Zerodha vs Upstox: Regulatory

FeatureZerodhaUpstox
SEBI RegisterationYesYes
NSE MembershipYesYes
BSE MembershipYesYes

Zerodha vs Upstox: Investment Options

Investment OptionZerodhaUpstox
Stock/EquityYesYes
CommodityYesYes
IPOYesYes
CurrencyYesYes
Mutual FundsYesYes
DebtYesYes
Bond/NCDYesYes
Other Investment OptionsDirect Mutual FundsDirect Mutual Funds

Zerodha vs Upstox: Review

Zerodha vs Upstox: Pros

Yes Zerodha ProsYes Upstox Pros
India’s No. 1 broker in terms of the number of active clients and exchange volumeSimple and easy trading platforms
Safe, reliable, and most technologically advanced broker in IndiaZero account opening fee
Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX)Margin Against Share is available
Direct Mutual Fund Investment is AvailableInhouse Brokerage Calculator
NRI Trading Account is Available Margin Trading Facility (MTF) is available at interest rate of Rs 20/day for slabs of Rs 40,000
Free Equity delivery trades No Brokerage Charges for Cash & DeliveryFlat Rs 20 per trade brokerage for all other segments including equity delivery
India’s best Broker in terms of the Number of Active Clients and Exchange Volume.Online IPO, FPO, Bonds, and NCD’s are available
Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.Instant digital account opening.
Flat Rs 20 per trade brokerage for all other segments.Online IPO application services.

Zerodha vs Upstox: Cons

No Zerodha ConsNo Upstox Cons
it does not provide stocks tips, research, and recommendations.Equity delivery brokerage fee is Rs 20 per trade
it does not offer an AMC free Demat account.Doesn’t offer 24/7 customer support
It Does not offer offer 3-in-1 Account.Doesn’t offer unlimited trading plans
No margin funding.Automatic settlement charges an additional Rs 50 per executed order
it does not offer Monthly unlimited trading Plans. Doesn’t offer BTST
Auto Square-off is changed an extra ₹50 per order. Doesn’t offer stock tips or recommendations
Call & Trade is charged an extra ₹50 per order.Intraday square-off at 3 PM. Most other brokers do it at 3:15 PM.

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