Zerodha vs Upstox vs M.stock
In this article, we will review ‘Zerodha vs Upstox vs M.stock‘ on the basis of Brokerage charges, Account maintenance charges, Investment options, Customer service, User reviews, Research and analysis, broker’s track record & reputation.
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| Product Name |
Zerodha Trading App Review 2024Upstox app review India in 2024: Brokerage Charges list, AMC & RatingM.stock charges |
| Product Image |
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| Price | |
| Our Rating | |
| Brand | Zerodha Upstox m stock |
| Category | Stock brokers Stock brokers Stock brokers |
Company Overview
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| Company name | Zerodha Upstox- RKSV Securities India Private Limited (RSIPL) Mirae Asset Capital Markets (India) Pvt Ltd |
| Headquarters | Bengaluru Delhi Mumbai |
| Founder | Nithin Kamath Ravi Kumar Hyeon Joo Park |
| Establishment Year | 15 August 2010 April 6, 2009 June 1997 |
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 ₹999 (Zero brokerage for life) + ₹999 (Free AMC) |
| 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 ₹120 every quarter (Zero AMC by paying an additional ₹999, else ₹120 every quarter as AMC) |
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 ₹25 per PSN (Pledge Sequence Number) per day (+GST) for 'Lifetime free AMC' plan |
| Pledge Invocation Charges | ₹0 ₹50 + GST per scrip for unpledging ₹25 per PSN (Pledge Sequence Number) per day (+GST) for 'Lifetime free AMC' plan |
| 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 Up to ₹25 Lakhs: 9.99%, Above ₹25 Lakhs to ₹5 Crore: 8.99%, Above ₹5 Crore: 6.99% |
| Margin Re-Pledge | ₹0 ₹20 + GST per scrip for Equity ₹25 per PSN |
Brokerage charges & Fees
|
|
| Brokerage Plan | Standard Standard Lifetime free AMC' plan |
| Equity Delivery Charges | ₹0 ₹20 or 2.5% whichever is lower Zero |
| Equity Intraday Charges | ₹20 or 0.03% per executed order, whichever is lower ₹20 per executed order or 0.05% (whichever is lower) Zero |
| Equity Futures charges | ₹20 or 0.03% per executed order, whichever is lower ₹20 per executed order or 0.05% (whichever is lower) Zero |
| Equity Options charges | Flat ₹20 per executed order Flat ₹20 per executed order Zero |
| 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) Zero |
| Currency Options charges | Flat ₹20 per executed order Flat ₹20 per executed order Zero |
| 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) Do not offer Commodity trading |
| Commodity Options charges | ₹20 per executed order Flat ₹20 per executed order Do not offer Commodity trading |
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
|
| Referral Program |
Yes
Yes
Yes
|
Customer Support
|
|
| Call Support | 080 47181888 022-41792999: All Trading Days – 8 am to 5 pm 1800 210 0818 |
| Email Support | renu.pd@zerodha.com (10AM - 5PM) support@upstox.com: All Trading Days – 8 am to 5 pm help@mstock.com |
| 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. 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) Leverage ranges from 3x to 4x 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; you need the full purchase value in your account. |
| Equity F&O Carry Forward Margin Leverage | No leverage available; requires full margin upfront No leverage available; requires full margin upfront No leverage available; you need the full purchase value in your account. |
| Currency F&O Margin Leverage | No leverage available; requires full margin upfront Leverage is 1.3x across all Currency F&O contracts 4x to 10x depending on the currency pair and contract type. |
| Commodity F&O Intraday Margin Leverage | No leverage available; requires full margin upfront Leverage is 1.3x across all Commodity F&O contracts Does not offer trading in Commodity |
| Commodity F&O Carry Forward Margin Leverage | No leverage available; requires full margin upfront No leverage available; requires full margin upfront Does not offer trading in Commodity |
Unique Offerings
|
|
| Free Account Opening |
No
Yes
No
|
| Free Brokerage |
On Stock delivery, Mutual Funds and IPOs only
On Mutual Funds and IPOs only
Yes
|
| Free AMC |
Yes
Yes
Yes, on 'Lifetime free AMC' plan only
|
| Free Equity Delivery |
Yes
No
Yes
|
| Free F&O Trading |
No
No
Yes
|
| Free Intraday Trading |
No
No
Yes
|
| Free Trading calls |
No
No
Yes
|
| Happy Trading Hours |
No
No
No
|
| Flexible Brokerage Plans |
No
No
Yes
|
| 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
Yes
|
| Currency Options |
Yes
Yes
Yes
|
| Commodity Futures |
Yes
Yes
No
|
| Commodity Options |
Yes
Yes
No
|
| Foreign Stocks |
No
No
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
|
|
| 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
|
|
| Annual Reports |
Yes, powered by Tickertape
No
No
|
| Company Reports |
Yes, powered by Tickertape
Yes, Basic only
No
|
| Research Reports |
Yes, powered by Tickertape
No
No
|
| Fundamental Reports |
Yes, powered by Tickertape
Yes, Basic only
Yes, Basic only
|
| IPO Reports |
Yes
Yes
Yes
|
| Technical Reports |
Yes, powered by Streak
Yes, Basic only
Yes, Basic only
|
| Stock tips |
No
No
No
|
| Daily Market Review |
No
Yes
No
|
| Monthly Review |
No
Yes
No
|
| Weekly Review |
No
Yes
No
|
| 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 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) and/or 0.125% of the intrinsic value on options that are bought and exercised |
| Currency Futures STT & CTT | No STT No STT No STT |
| Currency Options STT & CTT | No STT No STT No STT |
| Commodity Futures STT & CTT | 0.01% on sell side (Non-Agri) 0.01% on sell trade (Non-Agri) Does not offer Commodity trading |
| Commodity Options STT & CTT | 0.05% on sell side 0.05% on sell trade Does not offer Commodity trading |
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
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
Yes
No
|
| Algo Trading Platform |
Yes
Yes
No
|
| Foreign Stocks Trading Platform |
No
No
No
|
| Basket Trading Platform |
Yes
Yes
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% NSE 0.00325% per trade on buy & sell. BSE charges vary as per the scrip group NSE: 0.00325%, BSE: 0.00375% |
| 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: 0.00375% |
| Equity Futures Transaction Charges | NSE: 0.0019% | BSE: 0 NSE Exchange turnover charge: 0.0019%. BSE: Nil NSE: 0.0019% |
| 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: 0.050% (on premium) |
| Currency Futures Transaction Charges | 0.0009% NSE: Exchange txn charge: 0.0009% & BSE: Exchange txn charge: 0.00022% NSE: Exchange txn charge: 0.0009% |
| 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% NSE: Exchange txn charge: 0.035% |
| 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 0.0001% or ₹10 / 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 0.0001% or ₹10 / 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 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 (For all segments) |
| DP Charges | ₹13.5 + GST per scrip (irrespective of quantity) ₹18.5 + GST per scrip (irrespective of quantity) ₹12 + GST per ISIN per transaction per day |
| 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 ₹20 per Certificate ₹150 per certificate + ₹100 courier charges |
| Call and Trade charges | ₹50 per order ₹50 + 18% GST ₹0 |
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