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

ZerodhaUpstox
Type of BrokerDiscount BrokerDiscount Broker
Exchange MembershipNSE, BSE, MCX and NCDEXBSE, NSE, MCX
Year of Incorporation20102012
Number of Branches224

 

2. Zerodha Vs Upstox Charges & AMC

ZerodhaUpstox
Trading Account Opening ChargesRs 200Rs 249
Trading Account AMC ChargesRs 0 (Free)Rs 0 (Free)
Demat Account Opening ChargesRs 0Rs 0 (Free)
Demat Account AMC ChargesRs 300Rs 300

3. Zerodha Vs Upstox Brokerage Charges and Plans

ZerodhaUpstox
Account TypeFlat Brokerage PlanDefault
Fixed ChargesNA
Equity DeliveryRs 0 (Free)Rs 0 (Free)
Equity IntradayThe lower of Rs 20 per executed order or 0.03 percentThe lower of Rs 20 per executed order or 0.05 percent
Equity FuturesThe lower of Rs 20 per executed order or 0.03 percentThe lower of Rs 20 per executed order or 0.05 percent
Equity OptionsRs 20 per executed orderRs 20 per executed order
Currency FuturesThe lower of Rs 20 per executed order or 0.03 percentThe lower of Rs 20 per executed order or 0.05 percent
Currency OptionsThe lower of Rs 20 per executed order or 0.03 percentRs 20 per executed order
Commodity FuturesThe lower of Rs 20 per executed order or 0.03 percentThe lower of Rs 20 per executed order or 0.05 percent
Commodity OptionsThe lower of Rs 20 per executed order or 0.03 percentRs 20 per executed order
Minimum Brokerage0.03% in Intraday and F&O0.05%
Other ChargesPhysical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMSAuto Square-off Charges: Rs 50
Call and Trade ChargesRs 50 per executed orderRs 20 per trade

4. Zerodha Vs Upstox Transaction Charges

ZerodhaUpstox
Equity DeliveryEach 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 IntradayEach 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 FuturesNSE Rs 200 per Cr (0.002%)NSE Rs 200 per Cr (0.002%)
Equity OptionsNSE Rs 5300 per Cr (0.053%) (on premium)NSE Rs 5300 per Cr (0.053%) (on premium)
Currency FuturesNSE 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 OptionsNSE 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)
CommodityGroup A – Rs 260 per Cr (0.0026%)Group A – Rs 290 per Cr (0.0029%)

5. Zerodha Vs Upstox Leverage (Margin)

ZerodhaUpstox
Equity Delivery1x (no margin)1x (no margin)
Equity IntradayUp to 6x (based on the stock)Up to 6x (based on the stock)
Equity F&OIntraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)
Currency FuturesIntraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)
Commodity FuturesIntraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)