A Brief Comparison Between Discount Brokers Zerodha and Upstox
Zerodha and upstox both are discount brokers offering the same kind of services. Both are the biggest rivals in their field but there are of course some parameters which separate both of them and rank one above another.
There are a lot of similarities like both have CDSL as depository, both are private entities, have free trading AMC and don’t charge any margin money. What makes them different is the list of charges, leverage and added services that both the companies have. We would go through all aspects in this Zerodha vs Upstox article.
With Zerodha the account opening charges are Rs. 300 and with Upstox the same is Rs. 150. The DEMAT account maintenance charges levied are the same 300 Rs. + GST.
Trading Platform Analysis
- Technical Trading Tool
Zerodha Kite has more than 100 Indicators to technically analyse the stocks , 6 diversified chat types , more than 19 tools available for drawing. It also provides stock specific updates through its NUDGE feature. KITE is ZERODHA’s own online trading platform for trading and analysing stocks and commodities.
Zerodha Pi is a desktop trading platform. One can trade using the charts, run backtests, analyse scanners and use coding for algo trading. Through plug-ins a person can compare and send trading signals to Amibroker, Metastock, Ninja, Meta Trader etc.
- Zerodha has more than 25 lakh active trading accounts.
Upstox pro is an application used from technical analysis and trading. It has the best and simple UI web based trading terminal.
- Client Base – Upstox has more than 13 lac client base
Zerodha v/s Upstox Margin
Zerodha v/s upstox margin is given below :
|Equity delivery||1 times||1 times|
|Equity future||2.5 times||3 times (basic account)|
|Equity options||2.5 times||3 times (basic account)|
|Equity Intraday||20 times||15 times (basic account)|
|Commodity future||2.5 times||2.5 times (basic account)|
|Commodity options||2.5 times||2.5 times (basic account)|
|Currency futures||2.5 times||4 times (basic account)|
|Currency options||2.5 times||4 times (basic account)|
Zerodha vs Upstox Brokerage
Zerodha vs Upstox brokerage charges is given below
|Equity future||Rs. 20 or 0.03% of turnover (whichever is less)||Rs. 20 or 0.05% of turnover (whichever is less)|
|Equity options||Rs. 20 per trade||Rs. 20 per trade|
|Equity Intraday||Rs. 20 or 0.03% of turnover (whichever is less)||Rs. 20 or 0.05% of turnover (whichever is less)|
|Commodity future||Rs. 20 or 0.03% of turnover (whichever is less)||Rs. 20 or 0.05% of turnover (whichever is less)|
|Commodity options||Rs. 20 or 0.03% of turnover (whichever is less)||Rs. 20 per trade|
|Currency futures||Rs. 20 or 0.03% of turnover (whichever is less)||Rs. 20 or 0.05% of turnover (whichever is less)|
|Currency options||Rs. 20 or 0.03% of turnover (whichever is less)||Rs. 20 per trade|
Zerodha v/s Upstox Additional Services
Zerodha has a 24*7 online support available while Upstox offers very attractive beginner’s offers. On registering the person gets Moneycontrol pro free for a year, Stock edge premium free for 3 months, online learning course for beginners, unlimited brokerage credit for 30 days. Upstox also has robotic updates on the trades executed which Zerodha is working on as well calling it NUDGE. But on the contrary Zerodha offers various applications like Zerodha streak for algorithm trading, Zerodha coin for mutual funds and Zerodha Varsity for learning stock market. Upstox also has mutual funds and algo trading facilities on Its software Upstox Pro.
Also the current active account number is better in case of Zerodha and it has been rated the best on all the online portals across the Internet. Hence looking at the current scenario if you ask us Is Upstox better than Zerodha ?, the answer lies in the time frame of your association with the stock markets. If short term than maybe Upstox is better but for long term Zerodha seems to be the best option as per the current trends.