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Zerodha vs Indmoney vs Upstox
In this article, we will review ‘Zerodha vs Indmoney vs Upstox‘ 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
Indmoney- Finzoom Investment Advisors Private Limited
Upstox- RKSV Securities India Private Limited (RSIPL) |
|
Headquarters
|
Bengaluru
Gurugram, Haryana
Delhi |
|
Founder
|
Nithin Kamath
Ashish Kashyap
Ravi Kumar |
|
Establishment Year
|
15 August 2010
2019
April 6, 2009 |
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
₹0 |
Pledge Charges
| |
|
Pledge Creation Charges
|
₹30 + GST per pledge request
Does not provide
₹20 + GST per scrip for Equity & ₹50 + GST per scrip for pledging Futures buy and sell and Options Sell orders only |
|
Pledge Invocation Charges
|
₹0
Does not provide
₹50 + GST per scrip for unpledging |
|
Interest on Margin Trading
|
0.035% per day (equivalent to 12.775% p.a.)
Does not provide
₹20/day for every slab of ₹40,000 taken as MTF |
|
Margin Re-Pledge
|
₹0
Does not provide
₹20 + GST per scrip for Equity |
Brokerage charges & Fees
| |
|
Brokerage Plan
|
Standard
Standard
Standard |
|
Equity Delivery Charges
|
₹0
₹20 or 0.05% whichever is lower
₹20 or 2.5% whichever is lower |
|
Equity Intraday Charges
|
₹20 or 0.03% per executed order, whichever is lower
₹20 or 0.05% whichever is lower
₹20 per executed order or 0.05% (whichever is lower) |
|
Equity Futures charges
|
₹20 or 0.03% per executed order, whichever is lower
Flat ₹20 per executed order
₹20 per executed order or 0.05% (whichever is lower) |
|
Equity Options charges
|
Flat ₹20 per executed order
Flat ₹20 per executed order
Flat ₹20 per executed order |
|
Currency Futures charges
|
₹20 per executed order or 0.03% of the transaction value, whichever is lower
Does not offer
₹20 per executed order or 0.05% (whichever is lower) |
|
Currency Options charges
|
Flat ₹20 per executed order
Does not offer
Flat ₹20 per executed order |
|
Commodity Futures charges
|
₹20 per executed order or 0.03% of the transaction value, whichever is lower
Does not offer
₹20 per executed order or 0.05% (whichever is lower) |
|
Commodity Options charges
|
₹20 per executed order
Does not offer
Flat ₹20 per executed 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
⛔No
✅Yes |
|
NRI Services
|
✅Yes
⛔No
✅Yes |
|
Referral Program
|
✅Yes
✅Yes
✅Yes |
Customer Support
| |
|
Call Support
|
080 47181888
07314852049
022-41792999: All Trading Days – 8 am to 5 pm |
|
Email Support
|
[email protected] (10AM - 5PM)
[email protected]
[email protected]: All Trading Days – 8 am to 5 pm |
|
Whatsapp Support
|
⛔No
⛔No
No |
|
Website Support
|
✅Yes, create ticket
✅Yes, Create ticket
Yes, 8AM - 7PM IST, Monday - Saturday |
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; you need the full purchase value in your account. |
|
Equity Intraday Margin Leverage
|
Upto 5x depending on the stock (lower leverage for volatile stocks)
No leverage available; you need the full purchase value in your account.
Leverage ranges from 1x to 5x depending on the stock (lower leverage for volatile stocks) |
|
Equity F&O Intraday Margin Leverage
|
No leverage available; requires full margin upfront
No leverage available; you need the full purchase value in your account.
Leverage is 1.3x across all Equity F&O contracts |
|
Equity F&O Carry Forward Margin Leverage
|
No leverage available; requires full margin upfront
No leverage available; you need the full purchase value in your account.
No leverage available; requires full margin upfront |
|
Currency F&O Margin Leverage
|
No leverage available; requires full margin upfront
Does not offer
Leverage is 1.3x across all Currency F&O contracts |
|
Commodity F&O Intraday Margin Leverage
|
No leverage available; requires full margin upfront
Does not offer
Leverage is 1.3x across all Commodity F&O contracts |
|
Commodity F&O Carry Forward Margin Leverage
|
No leverage available; requires full margin upfront
Does not offer
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
✅Yes, IPOs & Mutual Funds only
On Mutual Funds and IPOs only |
|
Free AMC
|
✅Yes
✅Yes
✅Yes |
|
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
✅Yes
⛔No |
|
Referral Offers
|
✅Yes
✅Yes
✅Yes |
|
Margin Funding (MTF)/ Pledging
|
✅Yes
⛔No
✅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
⛔No
✅Yes |
|
Currency Options
|
✅Yes
⛔No
✅Yes |
|
Commodity Futures
|
✅Yes
⛔No
✅Yes |
|
Commodity Options
|
✅Yes
⛔No
✅Yes |
|
Foreign Stocks
|
⛔No
✅Yes
⛔No |
|
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
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|
Market Order
|
✅Yes
✅Yes
✅Yes |
|
Limit Order
|
✅Yes
✅Yes
✅Yes |
|
Bracket Order
|
✅Yes
✅Yes
✅Yes |
|
Cover Order
|
✅Yes
✅Yes
✅Yes |
|
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
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|
Annual Reports
|
✅Yes, powered by Tickertape
✅Yes
⛔No |
|
Company Reports
|
✅Yes, powered by Tickertape
✅Yes
✅Yes, Basic only |
|
Research Reports
|
✅Yes, powered by Tickertape
⛔No
⛔No |
|
Fundamental Reports
|
✅Yes, powered by Tickertape
✅Yes
✅Yes, Basic only |
|
IPO Reports
|
✅Yes
✅Yes
✅Yes |
|
Technical Reports
|
✅Yes, powered by Streak
✅Yes
✅Yes, Basic only |
|
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 sell transactions
0.025% on the sell side |
|
Equity Futures STT & CTT
|
0.0125% on the sell side
0.0125% on sell side
0.0125% on 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
⛔ Does not offer
No STT |
|
Currency Options STT & CTT
|
No STT
⛔ Does not offer
No STT |
|
Commodity Futures STT & CTT
|
0.01% on sell side (Non-Agri)
⛔ Does not offer
0.01% on sell trade (Non-Agri) |
|
Commodity Options STT & CTT
|
0.05% on sell side
⛔ Does not offer
0.05% on sell trade |
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
✅Yes
⛔No |
|
Customized Recommendations
|
⛔No
⛔No
⛔No |
|
Advanced charting
|
✅Yes
⛔No
✅Yes |
|
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
⛔No
✅Yes |
|
Algo Trading Platform
|
✅Yes
⛔No
✅Yes |
|
Foreign Stocks Trading Platform
|
⛔No
✅Yes
⛔No |
|
Basket Trading Platform
|
✅Yes
⛔No
✅Yes |
|
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%
BSE: 0.00375%, NSE: 0.00325%
NSE 0.00325% per trade on buy & sell. BSE charges vary as per the scrip group |
|
Equity Intraday Transaction Charges
|
NSE: 0.00325% | BSE: 0.00375%
BSE: 0.00375%, NSE: 0.00325%
NSE: 0.00325% per trade on buy & sell. BSE charges vary as per the scrip group |
|
Equity Futures Transaction Charges
|
NSE: 0.0019% | BSE: 0
NSE: 0.0019%, BSE: 0 (Zero)
NSE Exchange turnover charge: 0.0019%. BSE: Nil |
|
Equity Options Transaction Charges
|
NSE: 0.05% (on premium) | BSE: 0.005% (on premium)
NSE: 0.05% (on premium), BSE: 0.005% (on premium)
NSE Exchange turnover charge: 0.050% (on premium). BSE: 0.0375% (on premium) |
|
Currency Futures Transaction Charges
|
0.0009%
Does not offer
NSE: Exchange txn charge: 0.0009% & BSE: Exchange txn charge: 0.00022% |
|
Currency Options Transaction Charges
|
NSE: Exchange txn charge: 0.035% | BSE: Exchange txn charge: 0.001%
Does not offer
NSE: Exchange txn charge: 0.035% & BSE: Exchange txn charge: 0.001% |
|
Commodity Futures Transaction Charges
|
Exchange txn charge: 0.0026%
Does not offer
Non-Agri: Exchange turnover charge: 0.0026% |
|
Commodity Options Transaction Charges
|
Exchange txn charge: 0.05%
Does not offer
Exchange turnover charge: 0.05% |
Stamp Duty charges
| |
|
Equity Delivery Stamp Duty
|
0.015% or ₹1500 / crore on buy side
0.015% Buy
0.015% or ₹1500 / crore on buy side |
|
Equity Intraday Stamp Duty
|
0.003% or ₹300 / crore on buy side
0.003% Buy
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
⛔ Does not offer
0.0001% or Rs 10 per crore on buy-side |
|
Currency Options Stamp Duty
|
0.0001% or ₹10 / crore on buy side
⛔ Does not offer
0.0001% or Rs 10 per crore on buy-side |
|
Commodity Futures Stamp Duty
|
0.002% or ₹200 / crore on buy side
⛔ Does not offer
0.002% or ₹200 per crore on buy-side |
|
Commodity Options Stamp Duty
|
0.003% or ₹300 / crore on buy side
⛔ Does not offer
0.003% or ₹300 per crore on buy-side |
Other Charges
| |
|
SEBI Turnover Charges
|
₹10 / crore
₹10/Crore (For all segments)
₹10/crore (For all segments) |
|
DP Charges
|
₹13.5 + GST per scrip (irrespective of quantity)
₹13.5/scrip
₹18.5 + GST per scrip (irrespective of quantity) |
|
GST charges
|
18% of (Brokerage + Transaction charges + Demat)
18% of (brokerage + transaction charges + Demat)
18% of (brokerage + transaction charges + Demat) |
|
Account Closure Charges
|
Free
Free
Free |
|
Reactivation Charges
|
Free
Free
Free |
|
Dematerialization Charges
|
₹150 per share certificate, ₹100 courier charges, + 18% GST
₹250 per certificate
₹20 per Certificate |
|
Call and Trade charges
|
₹50 per order
₹ 500 per order
₹50 + 18% GST |
