Zerodha
Zerodha is India’s most popular stock broker. With services in equity, currency, commodities, initial public offerings, and direct mutual funds, it is the world’s largest and most popular online discount brokerage firm.
If you’re interested to open your DEMAT Account with Zerodha, here is the Direct Account opening link
Upstox
Upstox is a low-cost brokerage business in India that focuses on technology. It offers outstanding trading opportunities. The company provides trading in equities, commodities, currency, futures, and options on its Upstox Pro Web and Upstox Pro Mobile trading platforms.
Upstox has received funding from Kalaari Capital, Ratan Tata, and GVK Davix, among others.
Now let’s discuss the differences between Zerodha and Upstox.
1. About Zerodha and Upstox
Zerodha was established in 2010 as a bargain broker. It trades on the NSE, BSE, MCX, and NCDEX, among other exchanges. In India, it has 22 sites. Upstox was established in 2012 as a discount broker. It is traded on the BSE, NSE, and MCX stock exchanges. In India, it has four locations
| Zerodha | Upstox | |
| Type of Broker | Discount Broker | Discount Broker |
| Exchange Membership | NSE, BSE, MCX and NCDEX | BSE, NSE, MCX |
| Year of Incorporation | 2010 | 2012 |
| Number of Branches | 22 | 4 |
2. Zerodha Vs Upstox Charges & AMC
| Zerodha | Upstox | |
| Trading Account Opening Charges | Rs 200 | Rs 249 |
| Trading Account AMC Charges | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account Opening Charges | Rs 0 | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 300 | Rs 300 |
3. Zerodha Vs Upstox Brokerage Charges and Plans
| Zerodha | Upstox | |
| Account Type | Flat Brokerage Plan | Default |
| Fixed Charges | NA | |
| Equity Delivery | Rs 0 (Free) | Rs 0 (Free) |
| Equity Intraday | The lower of Rs 20 per executed order or 0.03 percent | The lower of Rs 20 per executed order or 0.05 percent |
| Equity Futures | The lower of Rs 20 per executed order or 0.03 percent | The lower of Rs 20 per executed order or 0.05 percent |
| Equity Options | Rs 20 per executed order | Rs 20 per executed order |
| Currency Futures | The lower of Rs 20 per executed order or 0.03 percent | The lower of Rs 20 per executed order or 0.05 percent |
| Currency Options | The lower of Rs 20 per executed order or 0.03 percent | Rs 20 per executed order |
| Commodity Futures | The lower of Rs 20 per executed order or 0.03 percent | The lower of Rs 20 per executed order or 0.05 percent |
| Commodity Options | The lower of Rs 20 per executed order or 0.03 percent | Rs 20 per executed order |
| Minimum Brokerage | 0.03% in Intraday and F&O | 0.05% |
| Other Charges | Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS | Auto Square-off Charges: Rs 50 |
| Call and Trade Charges | Rs 50 per executed order | Rs 20 per trade |
4. Zerodha Vs Upstox Transaction Charges
| Zerodha | Upstox | |
| Equity Delivery | Each side: NSE Rs 345 per Cr (0.00345%) ; BSE Rs 300 per Cr (0.003%) | Each side:NSE Rs 345 per Cr (0.00345%) ; BSE Rs 300 per Cr (0.003%) |
| Equity Intraday | Each side:NSE Rs 345 per Cr (0.00345%) ; BSE Rs 300 per Cr (0.003%) | Each side:NSE Rs 345 per Cr (0.00345%) ; BSE Rs 300 per Cr (0.003%) |
| Equity Futures | NSE Rs 200 per Cr (0.002%) | NSE Rs 200 per Cr (0.002%) |
| Equity Options | NSE Rs 5300 per Cr (0.053%) (on premium) | NSE Rs 5300 per Cr (0.053%) (on premium) |
| Currency Futures | NSE Rs 90 per Cr (0.0009%) ; BSE Rs 22 per Cr (0.00022%) | NSE Rs 130 per Cr (0.0013%); BSE Rs 26 per Cr (0.00026%) |
| Currency Options | NSE Rs 3500 per Cr (0.035%); BSE Rs 100 per Cr (0.001%) (on premium) | NSE Rs 2900 per Cr (0.029%); BSE Rs 2600 per Cr (0.026%) (on premium) |
| Commodity | Group A – Rs 260 per Cr (0.0026%) | Group A – Rs 290 per Cr (0.0029%) |
5. Zerodha Vs Upstox Leverage (Margin)
| Zerodha | Upstox | |
| Equity Delivery | 1x (no margin) | 1x (no margin) |
| Equity Intraday | Up to 6x (based on the stock) | Up to 6x (based on the stock) |
| Equity F&O | Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure) | Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure) |
| Currency Futures | Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure) | Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure) |
| Commodity Futures | Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure) | Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure) |
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