Zerodha

India’s No. 1 stockbroker is Zerodha. It is the world’s largest and most popular online discount brokerage firm, with services in equity, currency, commodities, initial public offerings, and direct mutual funds. For equity delivery trades and direct mutual funds, Zerodha charges no brokerage. It charges a flat Rs 20 or 0.03 percent (whichever is lesser) every intraday and F&O trade. The maximum brokerage you pay with Zerodha for any transaction is Rs 20 for each order (of any size, amount or segment)

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Upstox

Upstox is a tech-first low-cost brokerage service in India that offers exceptional trading chances. On its Upstox Pro Web and Upstox Pro Mobile trading platforms, the company offers trading in several areas such as equities, commodities, currency, futures, and options. Kalaari Capital, Ratan Tata, and GVK Davix are among the investors who have funded Upstox. Trading, analysis, charting, and many other advanced trading functions are available on the Upstox trading platform.

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Zerodha Vs Upstox

Zerodha is a discount broker that was founded in 2010. It trades on the NSE, BSE, MCX, and NCDEX. It has 22 locations in India. Upstox is a discount broker that was founded in 2012. It trades on the BSE, NSE, and MCX. It has four locations in India.

Zerodha Vs Upstox

Zerodha Vs Upstox Charges & AMC

The fee to open a trading account with Zerodha is Rs 200, whereas the fee to open an account with Upstox is Rs 249. Upstox Demat Account AMC Charges are Rs 0 while Zerodha Demat Account AMC Charges are Rs 300. (Free).

Zerodha Vs Upstox Brokerage

Upstox brokerage charges for equity are Rs 20 per executed order or 2.5 percent whichever is lower, and intraday is Rs 20 per executed order or 0.05 percent whichever is lower, whereas Zerodha brokerage charges for equity are Rs 0 (Free) and intraday is Rs 20 per executed order or.03 percent whichever is lower.

 Zerodha Vs Upstox Transaction Charges

Upstox exchange transaction charges for options are NSE Rs 5300 per Cr (0.053 percent), while Zerodha charges NSE Rs 5300 per Cr (0.053 percent) (on premium) (on premium).

Zerodha Vs Upstox Leverage (Margin)

For intraday trading, the Zerodha margin is up to 20% of the trade value (5x leverage) based on the stock, while the Upstox margin is also up to 20% of the trade value (5x leverage) based on the stock.

Compare Zerodha and Upstox Features

Kite Web, Kite Mobile for Android/iOS, and Coin are the trading platforms offered by Zerodha. Upstox provides trading software such as Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola.

Frequently Asked Questions

1. What makes Zerodha superior to Upstox?

  • While both Zerodha and Upstox have advantages, Zerodha outperforms Upstox on the following criteria:
  • Zerodha is continuing to spend heavily in technology.
  • Zerodha provides a comprehensive set of trading platforms and tools.
  • Zerodha provides IPO application services online.
  • Customers of Zerodha have access to a free direct mutual fund platform.
  • Because there are no investors on board with Zerodha, management decisions are made more quickly.

2. Why Upstox is better than Zerodha?

Online discount brokers Upstox and Zerodha are both popular. In the following respects, Upstox outperforms Zerodha:

  • For advanced traders, Upstox gives access to 3rd party trading tools such as Dartstock, NEST Trader, and Fox Trader. Kite is the only trading platform offered by Zerodha.
  • Prepaid plans are available from Upstox and are valid for two years. These programmes reduce the cost of your brokerage to less than Rs 20 each trade. For example, a Rs. 249 plan will provide you a Rs. 400 brokerage credit.

Upstox and Zerodha are quite similar in terms of product and services offers, pricing and trading software.

3. Which is better Upstox vs Zerodha?

Upstox and Zerodha offer similar products and services, charge the same brokerage and both have an excellent trading platform.

Upstox Vs Zerodha Difference

  • Zerodha has strong management and consistent business strategy since 2010. Upstox management and business strategy change frequently.
  • Upstox offers integration to 3rd party trading platforms like Dartstock, Fox Trader and NEST Trader. Zerodha only offers Kite as a trading platform.
  • Customer of Upstox has to buy a mandatory prepaid plan of minimum Rs 249 (Rs 400 brokerage credit). If you only want to trade equity delivery, which is brokerage free, you still have to buy a prepaid plan. Zerodha doesn’t have any mandatory prepaid plan.
  • Upstox offers priority brokerage plan (at Rs 30 per trade) which has up to 25x leverage on Intraday, Futures & Options. Zerodha has one simple plan for all customers.
  • Zerodha has much stronger focus and investment in technology which results in a better trading platform, trading tools and customer support.
  • Zerodha has self-serving support portals, forums, q&a and education initiatives like varsity.