Upstox and Zerodha are both online brokerage platforms in India. They allow you to buy and sell stocks, commodities, and other financial instruments. They are popular choices for traders and investors because they offer low brokerage fees and user-friendly platforms. You can use these platforms to manage your investments and trade in the stock market.
Upstox vs Zerodha – Which is the Best Brokers
Upstox About: Upstox is an online brokerage platform that allows people to invest in stocks, commodities, and other financial instruments. It provides an easy-to-use platform for trading and managing your investments. Upstox is a popular choice for those looking to start their investment journey and trade in the stock market.
Zerodha About: Zerodha is a popular brokerage firm in India. They provide a platform for people to buy and sell stocks and other financial products straightforwardly and cost-effectively. With a focus on simplicity and affordability, Zerodha has gained a reputation for being user-friendly, making it a good choice for individuals looking to start investing in the stock market.
Trading Account Opening Fees
Upstox: Upstox currently has a special promotion where you can open a trading account for free.
Zerodha: Opening an online trading account with Zerodha costs Rs 200 for the Equity and Currency segments, and Rs 300 if you want access to Equity, Currency, and Commodity segments.
Trading Annual Maintenance Charges (AMC)
- Zerodha: Free
- Upstox: Free
Demat Account Opening Fees
- Zerodha: Zero
- Upstox: Zero
Upstox vs Zerodha – Plan Options
As of now, Zerodha and Upstox both follow a straightforward pricing approach without multiple plan options. They don’t provide distinct monthly or yearly plans, indicating a uniform fee structure for their services. While this doesn’t rule out differences in fees or services, it means traders won’t find a variety of pre-defined plans to pick from; they’ll encounter a fixed pricing model from these brokers.
Demat Annual Maintenance Charges (AMC)
- Upstox: Upstox charges Rs 150 per year for demat account maintenance, along with applicable GST.
- Zerodha: Zerodha charges Rs 300 per year for demat account maintenance.
DP Service
- Upstox: Upstox also provides DP (Depository Participant) services.
- Zerodha: Zerodha provides DP (Depository Participant) services.
Upstox vs Zerodha – Brokerage Charges
As you have read about many charges of Upstox and Zerodha till now. But further we will talk about its Brokerage Charges. Both Upstox and Zerodha are one of the best brokerages in India. Both these brokers have more than 10 million downloads on PlayStore. Let us know about other different charges of Zerodha and Upstock.
Plan Name
- Zerodha: Rs 20 max per order Trading Plan.
- Upstox: Rs 20 max per order Trading Plan.
Equity Delivery
- Upstox: Upstox charges 2.5% of the transaction value or a maximum of Rs 20, whichever is lower, for equity delivery trading.
- Zerodha: Equity delivery trading is free of brokerage charges with Zerodha.
Equity Intraday
- Zerodha: Zerodha charges 0.03% of the transaction value or a maximum of Rs 20, whichever is lower, for equity intraday trading.
- Upstox: Upstox charges 0.05% of the transaction value or a maximum of Rs 20, whichever is lower, for equity intraday trading.
Equity Futures
- Zerodha: Zerodha charges 0.03% of the transaction value or a maximum of Rs 20, whichever is lower, for equity futures trading.
- Upstox: Upstox charges 0.05% of the transaction value or a maximum of Rs 20, whichever is lower, for equity futures trading.
Currency Futures
- Upstox: Upstox charges 0.05% of the transaction value or a maximum of Rs 20, whichever is lower, for currency futures trading.
- Zerodha: For currency futures trading with Zerodha, they charge 0.03% of the transaction value or a maximum of Rs 20, whichever is less.
- Neither Zerodha nor Upstox has a minimum brokerage charge.
Charges:
- Zerodha: Zerodha explicitly states that there are no hidden charges.
- Upstox: No information about hidden charges for Upstox is available.
- No information about funding charges for either Zerodha or Upstox is available.
- Both Zerodha and Upstox charge Rs 50 per executable order for call & trade services.
Upstox vs Zerodha – Transaction Charges
As we have learned so far about the various charges of Upstox and Zerodha. Therefore, we will discuss further their transaction charges and other charges.
- Zerodha: Rs 335 per Cr of transaction value.
- Zerodha: Rs 335 per Cr of the transaction value.
- Zerodha: Rs 200 per Cr of transaction value.
- Zerodha: Rs 5,050 per Cr of transaction value.
- Zerodha: Rs 90 per Cr of transaction value.
- Upstox: Offers the same as Zerodha.
- Upstox: Offers the same as Zerodha.
- Upstox: Offers the same as Zerodha.
- Upstox: Offers the same as Zerodha.
- Upstox: Offers the same as Zerodha.
3 in 1 Account
- Zerodha: Zerodha offers 3-in-1 accounts, which include a Bank Account, Demat Account, and Trading Account.
- Upstox: Upstox also offers the same.
Online Portfolio
- Zerodha: Zerodha provides an online portfolio feature for users to track their investments and holdings.
- Upstox: Upstox also offers the same.
NRI Trading
- Zerodha: Zerodha supports NRI (Non-Resident Indian) trading.
- Upstox: Upstox does not offer NRI trading services.
Android App Download
- Zerodha: Zerodha’s mobile app for Android can be downloaded from the Zerodha Kite download page.
- Upstox: Upstox’s mobile app for Android can be downloaded from the Upstox download page.
Customer Care Number
- Upstox: +91 22 6130 9999
- Zerodha: +91 80 4040 2020
Conclusion
As you have got information about Upstox and Zerodha from basic to advanced level till now in this article, we have discussed all the charges of all these broker apps. If you also want to open your demat account then you must choose the right platform. So we have collected information about Up Stock and all the charges of Zerodha. If you find any error in this article, you can contact us and let us know, we will update it as soon as possible.
If you also want to open your demat account in any broker then you can tell us through comment. We will try to update a post related to the app as soon as possible. If you are facing any problems in opening a demat account then you can contact us.