Zerodha vs Upstox Charges
| Account Opening and Demat Charges | Zerodha | Upstox |
| Equity Trading Account Opening Charges | Online – INR 200 Offline – INR 500 | Zero (Free) |
| Commodity Account Opening Charges | INR 300 | Zero (Free) |
| Trading Account AMC Charges | Zero | Zero |
| Demat Account Opening Charges | Zero (Free) | Zero (Free) |
| Demat Account AMC Charges | INR 300 + GST | INR 150 + GST |
| Open Account Link | Open Account With Zerodha | Open Free Account With Upstox |
- Zerodha vs Upstox Brokerage Charges
| Particulars | Zerodha | Upstox |
| Equity Delivery | Zero per order | INR 20 per order or 2.5%, whichever is lower |
| Equity Intraday | INR 20 per order or 0.03%, whichever is lower | INR 20 per order or 0.05%, whichever is lower |
| Equity Futures | INR 20 per order or 0.03%, whichever is lower | INR 20 per order or 0.05%, whichever is lower |
| Equity Options | INR 20 per executed order | INR 20 per executed order |
| Currency Futures | INR 20 per order or 0.03%, whichever is lower | INR 20 per order or 0.05%, whichever is lower |
| Currency Options | INR 20 per executed order | INR 20 per executed order |
| Commodity Futures | INR 20 per order or 0.03%, whichever is lower | INR 20 per order or 0.05%, whichever is lower |
| Commodity Options | INR 20 per executed order | INR 20 per executed order |
| Call & Trade Charge | INR 50 per executed order | INR 50 per executed order |
| Minimum Brokerage | 0.03% in Intraday and F&O | 0.05% |
| P&L/CMR Charges | INR 20 + INR 100 (courier charge) | INR 20 per page |
- Upstox vs Zerodha Transaction Charges
| Particulars | Zerodha | Upstox |
| Equity Delivery | NSE: 0.00325%| BSE: 0.00375% (Both Buy & Sell) | NSE: 0.00325% (Both Buy & Sell) |
| Equity Intraday | NSE: 0.00325%| BSE: 0.00375% (Both Buy & Sell) | NSE: 0.00325% (Both Buy & Sell) |
| Equity Futures | NSE: 0.0019% | NSE: 0.0019% (Both Buy & Sell) |
| Equity Options | NSE: 0.05% (on premium) | NSE: 0.050% (on premium) |
| Currency Futures | NSE: 0.0009%| BSE: 0.001% | NSE: 0.0009%| BSE: 0.00022% |
| Currency Options | NSE: 0.0009%| BSE: 0.00025% | NSE: 0.035%| BSE: 0.001% |
| Commodity Futures | Group A – 0.0026% | MCX: 0.0026 |
| Commodity Options | 0.05% | 0.05% |
Zerodha vs Upstox – Active Clients and Complaints
| Particulars | Zerodha | Upstox |
| Number of Active Clients | 7,568,346 | 3,204,717 |
| Market Shares | 19.42% | 6.58% |
| Number of Complaints | 239 | 116 |
| Number of Complaints Resolved | 82.43% | 81.90% |
Zerodha vs Upstox – Pros and Cons
| Zerodha | Upstox | |
| Pros | · India’s No. 1 broker in terms of the number of active clients · Maximum INR 20 per trade brokerage for all segments · Direct Free Mutual Fund Investment is available · NRI Trading account is available · Excellent trading platforms (Kite) are available for free · Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX) · Free equity delivery trades. No brokerage charges for Cash-N-Carry orders | · Zero account opening fee · Maximum INR 20 per trade brokerage for all segments including equity delivery · Offers direct mutual funds · Zero brokerage for Mutual Fund investment · Doesn’t offer NRI Trading and Demat account · One app for trading in equity, currency, and commodity · Offers margin funding |
| Cons | · It does not offer a 3-in-1 account · Call & Trade is charged an extra INR 50 per order · It does not provide stock tips, research, and recommendations · It does not offer an AMC Free Demat account · No margin funding | · Doesn’t offer a 3-in-1 account · Call-and-trade fee is INR 20 per executed order extra · Doesn’t offer stock tips or recommendations · Automatic settlement charges an additional Rs 50 per executed order |
