There are so many stockbrokers in India right now that it can be very difficult for a new investor to choose the best broker for himself.
Some say that Zerodha is the best, and some say that Upstox is the best. But the most important thing while choosing a stockbroker is what you need.
Friends, in this article we will analyze Zerodha vs Upstox. Also, at the end of this article, I will tell you which stockbroker will be best for you.
So friends, without wasting any time let’s start.
Comparison Between Zerodha & Upstox
First of all, let us get brief information about Zerodha and Upstox.
About Zerodha Broking
Zerodha is the largest discount broker in India. Their customer base is around 70 lakhs.
Zerodha is a SEBI registered stock broker that offers investment in shares and mutual funds. Zerodha is a discount broker that has made steady progress thereby increasing its customer base.
Zerodha officially started operating in India on 15th August 2010. Its founders are Nitin Kamat and Nikhil Kamat. The headquarter of this stockbroker is located in Bangalore, Karnataka.
Delivery transactions are free at Zerodha while there is a maximum brokerage of ₹20 on Intraday.
About Upstox
RKSV Securities was established in 2011. It was renamed UPSTOX in 2016. The headquarter of this discount broker is located in Mumbai. The founders of Upstox are Ravi Kumar, Raghu Kumar, and Srinivas Vishwanath. Based on the initials of his name, it was named RKSV.
These broking companies are brokers backed by investor groups like Ratan Tata, GVK Davix, and Kalari Capital Group. Upstox has a customer base of around 60 lakhs.
In Upstox too, delivery transactions are free while there is a maximum brokerage of ₹20 on intraday.
Zerodha Vs Upstox
| ZERODHA | UPSTOX | |
| Type of Broker | Discount Broker | Discount Broker |
| Exchange Membe₹hip | NSE, BSE, MCX, and NCDEX | BSE, NSE, MCX |
| Year of establishment | 2010 | 2012 |
| No. of Branches | 22 | 4 |
Account opening Charges and AMC
The charges for opening a Demat account in both the discount brokers are as follows –
| ZERODHA | UPSTOX | |
| Trading Account Opening Charges | ₹ 200 | ₹ 0 (Free) |
| Trading Account AMC Charges | ₹ 0 (Free) | ₹ 0 (Free) |
| Demat Account Opening Charges | ₹ 0 | ₹ 0 (Free) |
| Demat Account AMC Charges (Annual) | ₹ 300 | ₹ 0 (Free) |
Upstox is better in terms of account opening charges and annual fees.
You need the following documents to open a Demat account –
- Pan card,
- Aadhar card and
- Bank account
Zerodha Charges vs Upstox Account Details & Charges
| Particulars | Upstox | Zerodha |
| Available Segment | Stocks, Equity F&O, Currency F&O, and Commodity F&O | Stocks, Equity F&O, Currency F&O, Commodity F&O, Bonds and Govt-Securities |
| Mutual Fund Facility | available | available |
| Equity delivery Brokerage Charges | ₹ 0 | ₹ 0 |
| Equity Intraday Brokerage Charges | Flat ₹20 or 0.05% (whichever is lower) per trade | Flat ₹20 or 0.03% per trade (whichever is lower) |
| Futures, Options | Flat ₹20 per trade | Flat ₹20 per trade |
| Currency & Commodity FNO | Flat ₹20 per trade | Flat ₹20 per trade |
| Charges for Call and Trade | ₹ 20 per order | ₹ 50 per order |
| Margin for Intraday | Up to 5X | Up to 5X |
| Open Account | Open Account |
You can invest in Direct Mutual Funds in both Zerodha and Upstox. Also, you can apply for IPO through both brokers.
Upstox vs Zerodha: Statutory Charges Comparison
Zerodha Vs Upstox: Demat Charges
| ZERODHA | UPSTOX | |
| DP Source | CDSL | CDSL |
| DP ID | 81600 | 81800 |
| Advance Deposit | Nil | NIL |
| Statutory charges | ₹50 | Nil |
| Transaction Charges on Debit (Per ISIN) | ₹8 + ₹5.50 (CDSL Charges) per transaction | ₹13 + ₹5.50 CDSL charges |
| Demat | ₹150 per certificate + ₹100 courier charges | ₹20 + ₹50 Courier Charges |
| Finished | ₹150 per certificate + ₹100 courier charges + CDSL Charges | ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) |
| Pledge Creation | ₹20 + ₹12 CSDL charges | 0.02% of the transaction value (Min ₹50) + CDSL charges |
| Pledge Creation Confirmation | Nil | 0.02% of the transaction value (Min ₹50) + CDSL charges |
| Pledge Closure | ₹20 + ₹12 CSDL charges | 0.02% of the transaction value (Min ₹50) + CDSL charges |
| Pledge Closure Confirmation | Nil | 0.02% of the transaction value (Min ₹50) + CDSL charges |
| Pledge Invocation | ₹20 | 0.05% of the transaction value (Min ₹50) |
| Failed Instruction Charges | ₹50 per instruction | ₹50 |
Zerodha Vs Upstox: Margin
| Zerodha | Upstox | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Equity, Currency, Commodity) | 100% of Normal margin (Span + Exposure) (1x leverage) | 100% of Normal margin (Span + Exposure) (1x leverage) |
Zerodha vs Upstox: Features
Features wise both the stockbrokers are good. But Zerodha falls a bit heavy in terms of features.
Upstox vs Zerodha: Customer Support
In Upstox, you can directly chat with their executives, due to which they look more attractive.
Zerodha vs Upstox: Payout
| ZERODHA | UPSTOX | |
| Pay In and Pay Out Options | Pay-in/adding funds – Cheque, UPI (Phone pay, Google Pay, etc) Online Bank Transfer via IMPS, NEFT or RTGS, Netbanking from Kite Pay-out/Fund Withdrawal – Bank Transfer only | Pay-in/adding funds – Cheque, UPI (Phone pay, Google Pay, etc), Online Bank Transfer via IMPS, NEFT or RTGS, Netbanking from Upstox Pro Pay-out/Fund Withdrawal – Bank Transfer only |
| Payout Time | Maximum 24 hours (Except Bank Holidays) | Maximum 24 hours (Except Bank Holidays) |
Zerodha Vs Upstox – Pros and Cons
We understood all the important differences between Upstox and Zerodha in this article. Now let us discuss the advantages and disadvantages of both these stockbrokers.
ZERODHA PROS:
- India’s No. 1 Broker – By Active Clients & Exchange Volume
- Most secure, reliable, and technologically advanced broker in India.
- Simple Flat Brokerage Service (BSE, NSE, MCX).
- Free equity delivery trades, no brokerage for Cash-N-Carry orders.
- Trade Key Brokerage at flat ₹20 for all other segments.
- Advanced kite mobile app with a very simple interface. Also, they are free.
- All types of reports are easily accessible through the kite mobile app.
- One can invest in Direct Mutual Funds through Zerodha Coin.
- Good Till Triggered (GTT) Available. With this, you can place your order till it is executed.
- In this, you also get the facility of NRI trading.
- Small case convenience to customers. The small case is a platform where you can start SIP in any stock.
- There is no charge for adding funds through UPI.
- Facility to place IPO through UPI.
ZERODHA CONS:
- Stock Tips does not provide research.
- No 3-in-1 account facility.
- There is an additional charge of ₹ 50 per order on Call & Trade.
- Auto Square Off is also charged an additional ₹50 per order.
- No Plus Premium plan available.
- AMC does not offer a free Demat account. ,
- Does not offer margin funding.
Open ZERODHA A/C
UPSTOX PROS:
- Zero account opening fee.
- Zero brokerage in equity delivery deals.
- Facility to invest in Direct Mutual Funds.
- Flat ₹20 (intraday) trade brokerage for all other segments.
- Upstox PRO mobile app is available for free. In which you can keep stocks, and mutual funds in one place.
- Upstox PRO Web and Upstox NEST Trader are available for desktops.
- Margin trading facility.
- Margin is available on the share.
- Online IPO, FPO, Bonds, and NCD’s facility.
- The facility of Good-Till-Triggered (GTT) orders has been launched recently.
UPSTOX CONS:
- BTST is not available.
- No special or premium plan facilities.
- Stock Tips does not provide research.
- Call and trade are charged extra.
- Auto square off is also charged an additional ₹50 per order.
- Higher Demat debit transaction charges as compared to Zerodha.
- NRI does not offer trading and Demat account.
- Intraday square-off time is 3 PM whereas most of the brokers do it at 3:15 PM.
- Does not offer investment in Digital Gold.
Conclusion
Friends, if you are still confused that with which discount broker you should open your Demat account in both Upstox and Zerodha. So if you want to manage your stocks and mutual funds together then you can open your account in Upstox.
If you are thinking of opening your Demat account for trading then you can open your trading account in Zerodha.
You can open your Demat account with either Upstox or Zerodha. Both these accounts will not let you down.
