Zerodha vs Upstox – Brokerage Comparison
Whenever it comes to identify two leading players in the discount broking landscape, the list would be incomplete without Zerodha and Upstox (previously known as RKSV Securities).
Zerodha is regarded as the large discount broker in India whereas Upstox’s performance in recent times is not very impressive.
However, more details can be discovered by making a thorough comparison which is described below. With both the brokers, you can trade in large volumes and build a portfolio of nearly 2 to 3 lakh rupees on a low-key system. For most of the brokers, it is difficult to choose between them as both are almost similar on price front.
Account Opening Charges of Zerodha & Upstox
Table of Contents
In terms of demat and trading account opening charges, Zerodha is a bit expensive than its counterpart Upstox. However, if you want to open both equity and commodity account with
Zerodha, the total amount you would have to pay is Rs. 300.
Basic Charges of Zerodha and Upstox
| Charges | Zerodha | Upstox |
| Trading Account Opening Fees | Rs. 200 | Rs 150 |
| Trading AMC | Free | Free |
| Demat Account Opening Fees | Rs100 | Free |
| Demat AMC | Rs300 | Rs. 150 (First year) |
Brokerage Charges of Zerodha and Upstox
On the front of brokerage charges, both the platforms are like on the same page. For example, both
of them have zero brokerage for delivery transactions and Rs. 20/trade for all other categories.
You should also know that Zerodha was the first discount broker who brought the concept of zero
brokerage for delivery trades. Upstox has fix brokerage of Rs. 20 per trade regardless of the trading volume. It can be really great to save huge money on brokerage charges if you prefer to trade in high volumes frequently.
Zerodha doesn’t offer monthly brokerage plans where Upstox doesn’t feature multiple plans.
Open Free Demat Account
What Brokerage Plan does Zerodha and Upstox Provide
| Plan Types | Zerodha | Upstox |
| Multiple Plans | No | Yes |
| Monthly Plans | No | NO |
| Yearly Plans | No | No |
Brokerage Charges Comparison of Zerodha and Upstox
| Brokerage Comparison | Zerodha | Upstox |
| Max Brokerages | Rs20 | Rs20 |
| Equity Delivery | Free | Free |
| Equity Intraday | 0.03% or Rs 20 whichever is lower | 0.05% or 20 lower |
| Equity Futures | 0.03% or Rs 20 | Rs 20 |
| Equity Options | Rs 20 | Rs 20 |
| Currency Futures | 0.03% or Rs 20 | Rs 20 |
| Currency Options | Rs 20 | Rs 20 |
| Commodity Trading | Rs 20 | Rs 20 |
| Minimum Brokerage | NIL | NIL |
| Call and Trade | Trade Charges Rs 50 | Rs 20 Per Order |
Account Features of Zerodha and Upstox
It is important to note that none of the brokers provide 3-in-1 account feature as both of them
provide 2-in-1 account. Both of them offer Algo Trading/Robotic Trading/Automated Trading/Program Trading for equity.
As far as margin funding facility is concerned, both of them don’t have this feature.
| Account Features Compare | Zerodha | Upstox |
| 3 in 1 Account | Yes | Yes |
| Algo Trading | Yes | Yes |
| Charting | Yes | Yes |
| SMS Alerts | No | Yes |
| Margin Trading Funding Available | No | Yes |
| Online Demo | Yes | Yes |
| Online Portfolio | Yes | Yes |
| Mix Ledger for Equity & Commodity | Yes | Yes |
| NRI Trading | Yes | Yes |
| Intraday Square-off Time | 3:15PM | 3:15PM |
Trading Platforms of Zerodha Vs Upstox
Both the discount brokers claim to offer the best-in-class trading experience to users providing the
best trading platforms. However, in terms of ease of use and simple interface, Zerodha gets an edge over Upstox. Another plus point with Zerodha is that it has developed its own trading platform “KITE” whereas other brokers rely on third-party broking softwares NEST.
A tabular comparison of Zerodha & Upstox has been done below.
| Trading Platform Compare | Zerodha | Upstox |
| Desktop Platform | Zerodha PI | Nest/Fox Trader |
| Desktop Demo | Desktop Demo | Desktop Demo |
| Desktop Platform (Mac) | NO | No |
| Web Trading Platform | Yes | Yes |
| Web Trading Detail | kite.zerodha.com | pro.upstox.com |
| Web Trading Demo | Web Trading Demo | Web Trading Demo |
| Mobile Site | Yes | Yes |
| Mobile Trading | Yes | Yes |
| Mobile Trading App | Zerodha Kite | Upstox Pro |
| Android Mobile App | Yes | Yes |
| Mobile App Demo | Zerodha Kite Demo | Upstox Pro Demo |
| Android App | Zerodha Kite Download | Upstox Pro Download |
| iPhone Mobile App (IOS) | Yes | Yes |
| iOS App Download | iOS Zerodha Kite | Download iOS Upstox |
| Android Tablet App | Yes | Yes |
| Trading Software Charges | Free | Free |
| iPad App (IOS) | Yes | Yes |
| Android Mobile App | Yes | Yes |
