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Zerodha vs Upstox: Review & Brokerage Charges
If you are looking for a low-cost online broker, you might have come across Zerodha and Upstox. Both of them offer discount brokerage services, but which one is better for you? Here are some factors to consider before choosing between Zerodha vs Upstox.
- Account opening charges: Zerodha charges ₹200 for opening a trading and demat account, while Upstox charges ₹0 for the same.
- Brokerage charges: Both Zerodha and Upstox charge a flat fee of Rs. 20 or 0.03% (whichever is lower) per executed order for intraday.
- Trading platforms: Both Zerodha and Upstox have web-based, desktop and mobile trading platforms that are user-friendly and feature-rich. Zerodha’s platforms are called Kite, while Upstox’s platforms are called Pro. Both of them also have other tools like Zerodha Coin for mutual funds, Zerodha Varsity for education, Upstox MF for mutual funds and Upstox Learning Centre for education.
- Customer service: Both Zerodha and Upstox have dedicated customer support teams that can be reached via phone, email or chat. However, some users have reported delays or issues in getting their queries resolved by both brokers.
- Other features: Both Zerodha and Upstox offer other features like margin calculator, brokerage calculator, IPO application, tax reports, etc. However, Zerodha has an edge over Upstox in terms of offering more products like Zerodha Streak for algo trading, Zerodha Sentinel for price alerts, Zerodha Smallcase for thematic investing and Zerodha Console for portfolio analysis.
Read Zerodha review here & Upstox review here.
In conclusion, both Zerodha and Upstox are good options for online trading, but they have their own pros and cons.
Post Disclaimer
For informational purposes only:
The information presented on this website is for informational purposes only and should not be construed as financial, legal, or professional advice. While we strive to provide accurate and up-to-date information, we cannot guarantee its completeness or accuracy. Any opinions expressed herein are solely those of the author or individual contributor and do not necessarily reflect the views of any company, organization, or other entity.
Do your own research:
Readers are encouraged to conduct their due diligence and consult with a qualified professional before making any decisions based on the information presented on this website. Trading, investing, and other financial activities involve inherent risks, and you could lose all or a portion of your capital. Past performance is not indicative of future results.
Company Overview
| |
|
Company name
|
Zerodha
Upstox- RKSV Securities India Private Limited (RSIPL) |
|
Headquarters
|
Bengaluru
Delhi |
|
Founder
|
Nithin Kamath
Ravi Kumar |
|
Establishment Year
|
15 August 2010
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 |
|
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 |
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 |
|
Pledge Invocation Charges
|
₹0
₹50 + GST per scrip for unpledging |
|
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 |
|
Margin Re-Pledge
|
₹0
₹20 + GST per scrip for Equity |
Brokerage charges & Fees
| |
|
Brokerage Plan
|
Standard
Standard |
|
Equity Delivery Charges
|
₹0
₹20 or 2.5% 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) |
|
Equity Futures charges
|
₹20 or 0.03% per executed order, whichever is lower
₹20 per executed order or 0.05% (whichever is lower) |
|
Equity Options charges
|
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
₹20 per executed order or 0.05% (whichever is lower) |
|
Currency Options charges
|
Flat ₹20 per executed order
Flat ₹20 per executed 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) |
|
Commodity Options charges
|
₹20 per executed order
Flat ₹20 per executed order |
Customer services offered
| |
|
Demat Services
|
✅Yes
✅Yes |
|
Trading Services
|
✅Yes
✅Yes |
|
Intraday Services
|
✅Yes
✅Yes |
|
F&O Services
|
✅Yes
✅Yes |
|
IPO Services
|
✅Yes
✅Yes |
|
Share Pledging
|
✅Yes
✅Yes |
|
NRI Services
|
✅Yes
✅Yes |
|
Referral Program
|
✅Yes
✅Yes |
Customer Support
| |
|
Call Support
|
080 47181888
022-41792999: All Trading Days – 8 am to 5 pm |
|
Email Support
|
renu.pd@zerodha.com (10AM - 5PM)
support@upstox.com: All Trading Days – 8 am to 5 pm |
|
Whatsapp Support
|
⛔No
No |
|
Website Support
|
✅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. |
|
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) |
|
Equity F&O Intraday Margin Leverage
|
No leverage available; requires full margin upfront
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; 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 |
|
Commodity F&O Intraday Margin Leverage
|
No leverage available; requires full margin upfront
Leverage is 1.3x across all Commodity F&O contracts |
|
Commodity F&O Carry Forward Margin Leverage
|
No leverage available; requires full margin upfront
No leverage available; requires full margin upfront |
Unique Offerings
| |
|
Free Account Opening
|
⛔No
✅Yes |
|
Free Brokerage
|
On Stock delivery, Mutual Funds and IPOs only
On Mutual Funds and IPOs only |
|
Free AMC
|
✅Yes
✅Yes |
|
Free Equity Delivery
|
✅Yes
⛔No |
|
Free F&O Trading
|
⛔No
⛔No |
|
Free Intraday Trading
|
⛔No
⛔No |
|
Free Trading calls
|
⛔No
⛔No |
|
Happy Trading Hours
|
⛔No
⛔No |
|
Flexible Brokerage Plans
|
⛔No
⛔No |
|
Referral Offers
|
✅Yes
✅Yes |
|
Margin Funding (MTF)/ Pledging
|
✅Yes
✅Yes |
|
Brokerage Cashback
|
⛔No
⛔No |
|
Zero Brokerage for Loss Making Trades
|
⛔No
⛔No |
|
Relationship Manager
|
⛔No
⛔No |
Services Provided
| |
|
Equity Delivery
|
✅Yes
✅Yes |
|
Equity Intraday
|
✅Yes
✅Yes |
|
Equity Futures
|
✅Yes
✅Yes |
|
Equity Options
|
✅Yes
✅Yes |
|
Currency Futures
|
✅Yes
✅Yes |
|
Currency Options
|
✅Yes
✅Yes |
|
Commodity Futures
|
✅Yes
✅Yes |
|
Commodity Options
|
✅Yes
✅Yes |
|
Foreign Stocks
|
⛔No
⛔No |
|
Mutual Funds
|
✅Yes
✅Yes |
|
Banking
|
⛔No
⛔No |
|
Insurance
|
⛔No
⛔No |
|
Corporate Bonds
|
⛔No
⛔No |
|
Govt. Bonds
|
⛔No
⛔No |
|
Digital Gold
|
⛔No
⛔No |
Order Types
| |
|
Market Order
|
✅Yes
✅Yes |
|
Limit Order
|
✅Yes
✅Yes |
|
Bracket Order
|
✅Yes
✅Yes |
|
Cover Order
|
✅Yes
✅Yes |
|
After Market Order (AMO)
|
✅Yes
✅Yes |
|
Good Till Cancelled (GTC)
|
✅Yes
✅Yes |
|
Buy Today Sell Tomorrow (BTST)
|
⛔No
⛔No |
|
Sell Today Buy Tomorrow (STBT)
|
⛔No
⛔No |
Research & Reports
| |
|
Annual Reports
|
✅Yes, powered by Tickertape
⛔No |
|
Company Reports
|
✅Yes, powered by Tickertape
✅Yes, Basic only |
|
Research Reports
|
✅Yes, powered by Tickertape
⛔No |
|
Fundamental Reports
|
✅Yes, powered by Tickertape
✅Yes, Basic only |
|
IPO Reports
|
✅Yes
✅Yes |
|
Technical Reports
|
✅Yes, powered by Streak
✅Yes, Basic only |
|
Stock tips
|
⛔No
⛔No |
|
Daily Market Review
|
⛔No
✅Yes |
|
Monthly Review
|
⛔No
✅Yes |
|
Weekly Review
|
⛔No
✅Yes |
|
Robo Advisory
|
⛔No
⛔No |
STT & CTT Charges
| |
|
Equity Delivery STT & CTT
|
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 |
|
Equity Futures STT & CTT
|
0.0125% on the 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) |
|
Currency Futures STT & CTT
|
No STT
No STT |
|
Currency Options STT & CTT
|
No STT
No STT |
|
Commodity Futures STT & CTT
|
0.01% on sell side (Non-Agri)
0.01% on sell trade (Non-Agri) |
|
Commodity Options STT & CTT
|
0.05% on sell side
0.05% on sell trade |
Trading Features
| |
|
Watchlist
|
✅Yes
✅Yes |
|
Real Time Updates
|
✅Yes
✅Yes |
|
Portfolio Details
|
✅Yes
✅Yes |
|
Price Alert
|
✅Yes
✅Yes |
|
Online Mutual Fund Buy
|
✅Yes
✅Yes |
|
Global indices
|
⛔No
⛔No |
|
Customized Recommendations
|
⛔No
⛔No |
|
Advanced charting
|
✅Yes
✅Yes |
|
Live market
|
✅Yes
✅Yes |
|
Multiple Profile Management
|
⛔No
⛔No |
|
Secure Platform
|
✅Yes
✅Yes |
Trading Platforms
| |
|
Android App
|
✅Yes
✅Yes |
|
iOS App
|
✅Yes
✅Yes |
|
Web Trading Platform
|
✅Yes
✅Yes |
|
Trading Terminal
|
✅Yes
✅Yes |
|
Algo Trading Platform
|
✅Yes
✅Yes |
|
Foreign Stocks Trading Platform
|
⛔No
⛔No |
|
Basket Trading Platform
|
✅Yes
✅Yes |
|
Mutual Fund Investment Platform
|
✅Yes
✅Yes |
|
Digital Gold Investment Platform
|
⛔No
⛔No |
|
Bonds Investment Platform
|
⛔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 |
|
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 |
|
Equity Futures Transaction Charges
|
NSE: 0.0019% | BSE: 0
NSE Exchange turnover charge: 0.0019%. BSE: Nil |
|
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) |
|
Currency Futures Transaction Charges
|
0.0009%
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%
NSE: Exchange txn charge: 0.035% & BSE: Exchange txn charge: 0.001% |
|
Commodity Futures Transaction Charges
|
Exchange txn charge: 0.0026%
Non-Agri: Exchange turnover charge: 0.0026% |
|
Commodity Options Transaction Charges
|
Exchange txn charge: 0.05%
Exchange turnover charge: 0.05% |
Stamp Duty charges
| |
|
Equity Delivery Stamp Duty
|
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 |
|
Equity Futures Stamp Duty
|
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 |
|
Currency Futures Stamp Duty
|
0.0001% or ₹10 / crore on buy side
0.0001% or Rs 10 per crore on buy-side |
|
Currency Options Stamp Duty
|
0.0001% or ₹10 / crore on buy side
0.0001% or Rs 10 per crore on buy-side |
|
Commodity Futures Stamp Duty
|
0.002% or ₹200 / crore on buy side
0.002% or ₹200 per crore on buy-side |
|
Commodity Options Stamp Duty
|
0.003% or ₹300 / crore on buy side
0.003% or ₹300 per crore on buy-side |
Other Charges
| |
|
SEBI Turnover Charges
|
₹10 / crore
₹10/crore (For all segments) |
|
DP Charges
|
₹13.5 + GST per scrip (irrespective of quantity)
₹18.5 + GST per scrip (irrespective of quantity) |
|
GST charges
|
18% of (Brokerage + Transaction charges + Demat)
18% of (brokerage + transaction charges + Demat) |
|
Account Closure Charges
|
Free
Free |
|
Reactivation Charges
|
Free
Free |
|
Dematerialization Charges
|
₹150 per share certificate, ₹100 courier charges, + 18% GST
₹20 per Certificate |
|
Call and Trade charges
|
₹50 per order
₹50 + 18% GST |
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