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Zerodha vs Upstox vs HDFC Sky
In this article, we will review ‘Zerodha vs Upstox vs HDFC Sky‘ on the basis of Brokerage charges, Account maintenance charges, Investment options, Customer service, User reviews, Research and analysis, broker’s track record & reputation.
Company Overview
| |
|
Company name
|
Zerodha
Upstox- RKSV Securities India Private Limited (RSIPL)
HDFC Sky |
|
Headquarters
|
Bengaluru
Delhi
Mumbai |
|
Founder
|
Nithin Kamath
Ravi Kumar
Dhiraj Relli |
|
Establishment Year
|
15 August 2010
April 6, 2009
2023 |
Account opening & AMC
| |
|
Account Opening Fee
The account opening fee, also known as account setup charges, refers to the one-time charge levied by a brokerage firm when you open a new Demat and trading account to invest in securities like stocks, bonds, or ETFs. These fees can vary depending on the type of account, the brokerage firm, and any current promotions or offers. |
₹200
₹0
₹0 |
|
Annual Maintenance Charges (AMC)
This is a yearly fee levied by the depository participant (DP) to maintain your Demat account, where your shares are held electronically. |
₹0
₹0
₹20 / Month (Free for first year) |
Pledge Charges
| |
|
Pledge Creation Charges
|
₹30 + GST per pledge request
₹20 + GST per scrip for Equity & ₹50 + GST per scrip for pledging Futures buy and sell and Options Sell orders only
₹20 |
|
Pledge Invocation Charges
|
₹0
₹50 + GST per scrip for unpledging
₹20 |
|
Interest on Margin Trading
|
0.035% per day (equivalent to 12.775% p.a.)
₹20/day for every slab of ₹40,000 taken as MTF
12% |
|
Margin Re-Pledge
|
₹0
₹20 + GST per scrip for Equity
₹20 |
Brokerage charges & Fees
| |
|
Brokerage Plan
|
Standard
Standard
Standard |
|
Equity Delivery Charges
|
₹0
₹20 or 2.5% whichever is lower
₹20 or 0.1% (Whichever is Lower) |
|
Equity Intraday Charges
|
₹20 or 0.03% per executed order, whichever is lower
₹20 per executed order or 0.05% (whichever is lower)
₹20 or 0.1% (Whichever is Lower) |
|
Equity Futures charges
|
₹20 or 0.03% per executed order, whichever is lower
₹20 per executed order or 0.05% (whichever is lower)
₹20 or 0.1% (whichever is lower) |
|
Equity Options charges
|
Flat ₹20 per executed order
Flat ₹20 per executed order
₹20 / Order |
|
Currency Futures charges
|
₹20 per executed order or 0.03% of the transaction value, whichever is lower
₹20 per executed order or 0.05% (whichever is lower)
₹20 or 0.1% (whichever is lower) |
|
Currency Options charges
|
Flat ₹20 per executed order
Flat ₹20 per executed order
₹20 / Order |
|
Commodity Futures charges
|
₹20 per executed order or 0.03% of the transaction value, whichever is lower
₹20 per executed order or 0.05% (whichever is lower)
₹20 or 0.1% (whichever is lower) |
|
Commodity Options charges
|
₹20 per executed order
Flat ₹20 per executed order
₹20 / Order |
Customer services offered
| |
|
Demat Services
|
✅Yes
✅Yes
✅Yes |
|
Trading Services
|
✅Yes
✅Yes
✅Yes |
|
Intraday Services
|
✅Yes
✅Yes
✅Yes |
|
F&O Services
|
✅Yes
✅Yes
✅Yes |
|
IPO Services
|
✅Yes
✅Yes
✅Yes |
|
Share Pledging
|
✅Yes
✅Yes
✅Yes |
|
NRI Services
|
✅Yes
✅Yes
✅Yes |
|
Referral Program
|
✅Yes
✅Yes
✅Yes |
Customer Support
| |
|
Call Support
|
080 47181888
022-41792999: All Trading Days – 8 am to 5 pm
022-39019400 |
|
Email Support
|
renu.pd@zerodha.com (10AM - 5PM)
support@upstox.com: All Trading Days – 8 am to 5 pm
customercare@hdfcsec.com |
|
Whatsapp Support
|
⛔No
No
⛔No |
|
Website Support
|
✅Yes, create ticket
Yes, 8AM - 7PM IST, Monday - Saturday
FAQs only |
Leverage (Margin) Offered
| |
|
Equity Delivery Margin Leverage
|
No leverage available; you need the full purchase value in your account.
No leverage available; you need the full purchase value in your account.
No leverage available; requires full margin upfront |
|
Equity Intraday Margin Leverage
|
Upto 5x depending on the stock (lower leverage for volatile stocks)
Leverage ranges from 1x to 5x depending on the stock (lower leverage for volatile stocks)
Upto 5x depending on the stock (lower leverage for volatile stocks) |
|
Equity F&O Intraday Margin Leverage
|
No leverage available; requires full margin upfront
Leverage is 1.3x across all Equity F&O contracts
No leverage available; requires full margin upfront |
|
Equity F&O Carry Forward Margin Leverage
|
No leverage available; requires full margin upfront
No leverage available; requires full margin upfront
No leverage available; requires full margin upfront |
|
Currency F&O Margin Leverage
|
No leverage available; requires full margin upfront
Leverage is 1.3x across all Currency F&O contracts
No leverage available; requires full margin upfront |
|
Commodity F&O Intraday Margin Leverage
|
No leverage available; requires full margin upfront
Leverage is 1.3x across all Commodity F&O contracts
No leverage available; requires full margin upfront |
|
Commodity F&O Carry Forward Margin Leverage
|
No leverage available; requires full margin upfront
No leverage available; requires full margin upfront
No leverage available; requires full margin upfront |
Unique Offerings
| |
|
Free Account Opening
|
⛔No
✅Yes
✅Yes |
|
Free Brokerage
|
On Stock delivery, Mutual Funds and IPOs only
On Mutual Funds and IPOs only
On Mutual Funds and IPOs only |
|
Free AMC
|
✅Yes
✅Yes
⛔No |
|
Free Equity Delivery
|
✅Yes
⛔No
⛔No |
|
Free F&O Trading
|
⛔No
⛔No
⛔No |
|
Free Intraday Trading
|
⛔No
⛔No
⛔No |
|
Free Trading calls
|
⛔No
⛔No
⛔No |
|
Happy Trading Hours
|
⛔No
⛔No
⛔No |
|
Flexible Brokerage Plans
|
⛔No
⛔No
⛔No |
|
Referral Offers
|
✅Yes
✅Yes
✅Yes |
|
Margin Funding (MTF)/ Pledging
|
✅Yes
✅Yes
✅Yes |
|
Brokerage Cashback
|
⛔No
⛔No
⛔No |
|
Zero Brokerage for Loss Making Trades
|
⛔No
⛔No
⛔No |
|
Relationship Manager
|
⛔No
⛔No
⛔No |
Services Provided
| |
|
Equity Delivery
|
✅Yes
✅Yes
✅Yes |
|
Equity Intraday
|
✅Yes
✅Yes
✅Yes |
|
Equity Futures
|
✅Yes
✅Yes
✅Yes |
|
Equity Options
|
✅Yes
✅Yes
✅Yes |
|
Currency Futures
|
✅Yes
✅Yes
⛔No |
|
Currency Options
|
✅Yes
✅Yes
⛔No |
|
Commodity Futures
|
✅Yes
✅Yes
⛔No |
|
Commodity Options
|
✅Yes
✅Yes
⛔No |
|
Foreign Stocks
|
⛔No
⛔No
✅Yes, US stocks |
|
Mutual Funds
|
✅Yes
✅Yes
✅Yes |
|
Banking
|
⛔No
⛔No
⛔No |
|
Insurance
|
⛔No
⛔No
⛔No |
|
Corporate Bonds
|
⛔No
⛔No
⛔No |
|
Govt. Bonds
|
⛔No
⛔No
⛔No |
|
Digital Gold
|
⛔No
⛔No
⛔No |
Order Types
| |
|
Market Order
|
✅Yes
✅Yes
✅Yes |
|
Limit Order
|
✅Yes
✅Yes
✅Yes |
|
Bracket Order
|
✅Yes
✅Yes
⛔No |
|
Cover Order
|
✅Yes
✅Yes
⛔No |
|
After Market Order (AMO)
|
✅Yes
✅Yes
✅Yes |
|
Good Till Cancelled (GTC)
|
✅Yes
✅Yes
✅Yes |
|
Buy Today Sell Tomorrow (BTST)
|
⛔No
⛔No
⛔No |
|
Sell Today Buy Tomorrow (STBT)
|
⛔No
⛔No
⛔No |
Research & Reports
| |
|
Annual Reports
|
✅Yes, powered by Tickertape
⛔No
✅Yes |
|
Company Reports
|
✅Yes, powered by Tickertape
✅Yes, Basic only
✅Yes |
|
Research Reports
|
✅Yes, powered by Tickertape
⛔No
⛔No |
|
Fundamental Reports
|
✅Yes, powered by Tickertape
✅Yes, Basic only
✅Yes |
|
IPO Reports
|
✅Yes
✅Yes
✅Yes |
|
Technical Reports
|
✅Yes, powered by Streak
✅Yes, Basic only
⛔No |
|
Stock tips
|
⛔No
⛔No
⛔No |
|
Daily Market Review
|
⛔No
✅Yes
✅Yes |
|
Monthly Review
|
⛔No
✅Yes
✅Yes |
|
Weekly Review
|
⛔No
✅Yes
✅Yes |
|
Robo Advisory
|
⛔No
⛔No
⛔No |
STT & CTT Charges
| |
|
Equity Delivery STT & CTT
|
0.1% on buy & sell
0.1% on buy & sell
0.1% on Buy & Sell |
|
Equity Intraday STT & CTT
|
0.025% on the sell side
0.025% on the sell side
0.025% on the sell side |
|
Equity Futures STT & CTT
|
0.0125% on the sell side
0.0125% on sell side
0.0125% on the sell side |
|
Equity Options STT & CTT
|
0.0625% on sell side (on premium)
0.0625% on sell side (on premium)
0.0625% on sell side (on premium) |
|
Currency Futures STT & CTT
|
No STT
No STT
⛔ Does not offer |
|
Currency Options STT & CTT
|
No STT
No STT
⛔ Does not offer |
|
Commodity Futures STT & CTT
|
0.01% on sell side (Non-Agri)
0.01% on sell trade (Non-Agri)
⛔ Does not offer |
|
Commodity Options STT & CTT
|
0.05% on sell side
0.05% on sell trade
⛔ Does not offer |
Trading Features
| |
|
Watchlist
|
✅Yes
✅Yes
✅Yes |
|
Real Time Updates
|
✅Yes
✅Yes
✅Yes |
|
Portfolio Details
|
✅Yes
✅Yes
✅Yes |
|
Price Alert
|
✅Yes
✅Yes
✅Yes |
|
Online Mutual Fund Buy
|
✅Yes
✅Yes
✅Yes |
|
Global indices
|
⛔No
⛔No
⛔No |
|
Customized Recommendations
|
⛔No
⛔No
⛔No |
|
Advanced charting
|
✅Yes
✅Yes
⛔No |
|
Live market
|
✅Yes
✅Yes
✅Yes |
|
Multiple Profile Management
|
⛔No
⛔No
⛔No |
|
Secure Platform
|
✅Yes
✅Yes
✅Yes |
Trading Platforms
| |
|
Android App
|
✅Yes
✅Yes
✅Yes |
|
iOS App
|
✅Yes
✅Yes
✅Yes |
|
Web Trading Platform
|
✅Yes
✅Yes
✅Yes |
|
Trading Terminal
|
✅Yes
✅Yes
⛔No |
|
Algo Trading Platform
|
✅Yes
✅Yes
⛔No |
|
Foreign Stocks Trading Platform
|
⛔No
⛔No
✅Yes, US stocks only |
|
Basket Trading Platform
|
✅Yes
✅Yes
⛔No |
|
Mutual Fund Investment Platform
|
✅Yes
✅Yes
✅Yes |
|
Digital Gold Investment Platform
|
⛔No
⛔No
⛔No |
|
Bonds Investment Platform
|
⛔No
⛔No
⛔No |
Transaction Charges
| |
|
Equity Delivery Transaction Charges
|
NSE: 0.00325% | BSE: 0.00375%
NSE 0.00325% per trade on buy & sell. BSE charges vary as per the scrip group
NSE: 0.00325% | BSE: 0.00325% |
|
Equity Intraday Transaction Charges
|
NSE: 0.00325% | BSE: 0.00375%
NSE: 0.00325% per trade on buy & sell. BSE charges vary as per the scrip group
NSE: 0.00325% | BSE: 0.00325% |
|
Equity Futures Transaction Charges
|
NSE: 0.0019% | BSE: 0
NSE Exchange turnover charge: 0.0019%. BSE: Nil
NSE: 0.00230% |
|
Equity Options Transaction Charges
|
NSE: 0.05% (on premium) | BSE: 0.005% (on premium)
NSE Exchange turnover charge: 0.050% (on premium). BSE: 0.0375% (on premium)
NSE: 0.056% (on premium) |
|
Currency Futures Transaction Charges
|
0.0009%
NSE: Exchange txn charge: 0.0009% & BSE: Exchange txn charge: 0.00022%
Does not offer |
|
Currency Options Transaction Charges
|
NSE: Exchange txn charge: 0.035% | BSE: Exchange txn charge: 0.001%
NSE: Exchange txn charge: 0.035% & BSE: Exchange txn charge: 0.001%
Does not offer |
|
Commodity Futures Transaction Charges
|
Exchange txn charge: 0.0026%
Non-Agri: Exchange turnover charge: 0.0026%
Does not offer |
|
Commodity Options Transaction Charges
|
Exchange txn charge: 0.05%
Exchange turnover charge: 0.05%
Does not offer |
Stamp Duty charges
| |
|
Equity Delivery Stamp Duty
|
0.015% or ₹1500 / crore on buy side
0.015% or ₹1500 / crore on buy side
0.015% or ₹1500 / crore on buy side |
|
Equity Intraday Stamp Duty
|
0.003% or ₹300 / crore on buy side
0.003% or ₹300 / crore on buy side
0.003% or ₹300 / crore on buy side |
|
Equity Futures Stamp Duty
|
0.002% or ₹200 / crore on buy side
0.002% or ₹200 / crore on buy side
0.002% or ₹200 / crore on buy side |
|
Equity Options Stamp Duty
|
0.003% or ₹300 / crore on buy side
0.003% or ₹300 / crore on buy side
0.003% or ₹300 / crore on buy side |
|
Currency Futures Stamp Duty
|
0.0001% or ₹10 / crore on buy side
0.0001% or Rs 10 per crore on buy-side
⛔ Does not offer |
|
Currency Options Stamp Duty
|
0.0001% or ₹10 / crore on buy side
0.0001% or Rs 10 per crore on buy-side
⛔ Does not offer |
|
Commodity Futures Stamp Duty
|
0.002% or ₹200 / crore on buy side
0.002% or ₹200 per crore on buy-side
⛔ Does not offer |
|
Commodity Options Stamp Duty
|
0.003% or ₹300 / crore on buy side
0.003% or ₹300 per crore on buy-side
⛔ Does not offer |
Other Charges
| |
|
SEBI Turnover Charges
|
₹10 / crore
₹10/crore (For all segments)
₹10 / crore |
|
DP Charges
|
₹13.5 + GST per scrip (irrespective of quantity)
₹18.5 + GST per scrip (irrespective of quantity)
₹20 |
|
GST charges
|
18% of (Brokerage + Transaction charges + Demat)
18% of (brokerage + transaction charges + Demat)
18% |
|
Account Closure Charges
|
Free
Free
Free |
|
Reactivation Charges
|
Free
Free
Free |
|
Dematerialization Charges
|
₹150 per share certificate, ₹100 courier charges, + 18% GST
₹20 per Certificate
₹50 / Share Certificate + Courier Charges |
|
Call and Trade charges
|
₹50 per order
₹50 + 18% GST
₹20 / Call |
