ResourceStock Brokers
Zerodha Vs Upstox: Which one is better?
Last updated August 25, 2026
This IPO News reference page covers “Zerodha Vs Upstox: Which one is better?”. The page is organized around compare stock brokers side-by-side, compare zerodha vs upstox on service, account opening charges and amc, compare zerodha vs upstox on trading & demat account opening charges, about brokerage plans. IPO News presents the structured facts and tables in its own layout and wording.
Topics Covered
- Compare Stock Brokers Side-by-Side
- Compare Zerodha vs Upstox on Service
- Account Opening Charges and AMC
- Compare Zerodha vs Upstox on Trading & Demat Account Opening Charges
- About Brokerage Plans
- Compare Zerodha vs Upstox on Plan Options
- Account Opening
- Brokerage Charges
- Compare Zerodha vs Upstox on Transaction Charges
- Share Broker's Transaction Charges
- Account Features
- Compare Zerodha vs Upstox on Account Features
- Trading Platform
- Compare Zerodha vs Upstox on Trading Platform
- Broker Ratings by Users
- Compare Zerodha vs Upstox on User Rating
- Investment Offerings
- Compare Zerodha vs Upstox on Investment Offerings
- Margin Trading Facility
- Compare Zerodha vs Upstox on MTF
- API
- Compare Zerodha vs Upstox on API Details
- Customer Service Offered
- Compare Zerodha vs Upstox on Customer Service
- Tips/Research/Reports Published
- Compare Zerodha vs Upstox on Research Reports, Tips
- Demat Account
- Compare Zerodha vs Upstox on Demat Account
- Special Offers, Advantages, Disadvantages
- Compare Zerodha vs Upstox on Special Offers and Promotion
Key Facts
- India's trusted financial research platform since 2015. Live IPO GMP, subscription data, allotment status, Rights Issues, NCDs and unbiased stock broker reviews.
- Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities.
- Brokerage: Zerodha Max Rs 20 per trade vs Upstox Max Rs 20 per trade.
- Rating: both equal, 4.5 out of 5.
- Here we present side-by-side comparison of Zerodha vs Upstox share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.
- Upstox Brokerage Plan detail – Discount brokerage plan – pay a maximum of Rs 20 per order.
- Zerodha charges Rs 300 PA (Free for 1st year) AMC for Demat account, where Upstox charges Rs 300 Per annum (Free for 1st year) AMC for Demat account.
- Invest across segments under one roof – Stocks (NSE/BSE), F&O, commodity, IPOs, mutual funds, NPS
- High call and trade and auto-square off charges = Rs 75 per order
- 💹 Max ₹20 per Order Brokerage on Intraday, F&O, Commodities & Currency
- 📱 Kite & Coin – #1 Trading Platform & Mobile App
- 💹 Max ₹20 per Order Brokerage on All Trades
- To answer this question, we can say that these are two service providers who offer 100% the same services, with the same plan.
- So what makes the difference between these 2 brokers?
- Please refer the point to point compare Upstox with Zerodha or Upstox and Zerodha compare page with approx 100+ comparison matrix.
- Zerodha offers one simple plan for all the customers while Upstox offers a priority brokerage plan under Upstox Pro at Rs 30 per trade which has up to 25 times leverage on Intraday, Futures & Options.
- Upstox is coming up with global investing plans on its priority platform while Zerodha only offers to invest in NSE, BSE, and MCX.
- Last Updated on Wed, May 20, 2026
Data Tables
| Segment |
Zerodha |
Upstox |
| Trading Account Opening Fees |
Free |
Promotion offer: Free |
| Trading AMC |
Free |
Free |
| Demat Account Opening Fees |
Free |
Free |
| Demat AMC |
Rs 300 PA (Free for 1st year) |
Rs 300 Per annum (Free for 1st year) |
| Provide DP Service |
Yes |
Yes |
| Plan Types |
Zerodha |
Upstox |
| Multiple Plans |
No |
No |
| Monthly Plans |
No |
No |
| Yearly Plans |
No |
No |
|
Zerodha |
Upstox |
| Account Opening Request |
Open Zerodha Account |
Open Upstox Account |
| Brokerage Charges Compare |
Zerodha |
Upstox |
| Plan Name |
Rs 20 Plan |
Rs 20 Plan |
| Equity Delivery |
Free |
Flat Fee Rs 20 |
| Equity Intraday |
0.03% or Rs 20 |
0.10% or Rs 20 |
| Equity Futures |
0.03% or Rs 20 |
0.05% or Rs 20 |
| Equity Options |
Flat Fee Rs 20 |
Flat Fee Rs 20 |
| Currency Futures |
0.03% or Rs 20 |
0.05% or Rs 20 |
| Currency Options |
Flat Fee Rs 20 |
Flat Fee Rs 20 |
| Commodity Trading |
Flat Fee Rs 20 |
Flat Fee Rs 20 |
| Minimum Brokerage |
|
|
| Hidden Charges |
No |
No |
| Call & Trade Charges |
Rs 50 Per Executable Order |
Rs 75 + 18% GST |
| Auto Square off Charges |
Rs 50 Per Executable Order |
Rs 75 + 18% GST |
| Brokerage Calculator |
Brokerage Calculator for Zerodha |
Brokerage Calculator for Upstox |
| Transaction Charges Compare |
Zerodha |
Upstox |
| Equity Delivery |
NSE:297 | BSE:375 Per Cr |
NSE:297 | BSE:375 Per Cr |
| Equity Intraday |
NSE:297 | BSE:375 Per Cr |
NSE:297 | BSE:375 Per Cr |
| Equity Futures |
NSE:173 | BSE:0 Per Cr |
NSE:173 | BSE:0 Per Cr |
| Equity Options |
NSE:3503 | BSE:3250 Per Cr on premium |
NSE:3503 | BSE:3250 Per Cr on premium |
| Currency Futures |
NSE:35 | BSE:45 Per Cr |
NSE:35 | BSE:45 Per Cr |
| Currency Options |
NSE:3110 | BSE:100 Per Cr |
NSE:3110 | BSE:100 Per Cr |
| Commodity |
MCX: 4180| NSE: 100 Per Cr |
MCX: 4180| NSE: 100 Per Cr |
| Brokerage Charges |
Complete Brokerage Plans for zerodha |
Complete Brokerage Plans for upstox |
| Account Features Compare |
Zerodha |
Upstox |
| 3 in 1 Account |
No |
Yes |
| Charting |
Yes |
Yes |
| Algo Trading |
Yes |
Yes |
| SMS Alerts |
No |
Yes |
| Online Demo |
Yes |
Yes |
| Online Portfolio |
Yes |
Yes |
| Margin Trading Funding Available |
Yes |
Yes |
| Combined Ledger for Equity and Commodity |
Yes |
Yes |
| Intraday Square-off Time |
3:20 PM |
3:15PM |
| NRI Trading |
Yes |
No |
| Other Features |
NIL |
NIL |
| Trading Platform Compare |
Zerodha |
Upstox |
| Web Trading Platform |
Yes |
Yes |
| Web Trading Detail |
Zerodha Kite Web |
https://pro.upstox.com/ |
| Web Trading Demo |
Web Trading Demo |
Web Trading Demo |
| Mobile Trading |
Yes |
Yes |
| Mobile Trading App |
Zerodha Kite App |
Upstox |
| Mobile Trading App Demo |
Zerodha Kite App |
Upstox |
| Android Mobile App |
Yes |
Yes |
| Android App Download |
Android Zerodha Kite App Download |
Android Upstox Download |
| iPhone Mobile App (IOS) |
Yes |
Yes |
| iOS App Download |
iOS Zerodha Kite App Download |
iOS Upstox Download |
| Android Tablet App |
Yes |
Yes |
| iPad App (IOS) |
Yes |
Yes |
| Trading Software Charges |
Free |
Free |
| Equity Brokerage Calculator |
Equity Intraday and Delivery Brokerage Calculator for Zerodha |
Equity Intraday and Delivery Brokerage Calculator for Upstox |
| Futures Brokerage Calculator |
Futures Brokerage Calculator for Zerodha |
Futures Brokerage Calculator for Upstox |
| Options Brokerage Calculator |
Option Brokerage Calculator for Zerodha |
Option Brokerage Calculator for Upstox |
| Detail |
Detail on Trading Platforms for Zerodha |
Detail on Trading Platforms for Upstox |
|
Zerodha |
Upstox |
|
163 Customer reviews Rate |
17 Customer reviews Rate |
| Fees Ratings |
4.0 |
3.6 |
| Trading Brokerage Rating |
4.4 |
3.5 |
| Trading Platform Usability |
3.7 |
3.5 |
| Customer Service Ratings |
3.8 |
3.3 |
| Overall Rating |
3.9 |
3.4 |
| Broker Rating |
Zerodha is Rated 3.9 / 5 based on 163 customer reviews |
Upstox is Rated 3.4 / 5 based on 17 customer reviews |
| Investment Offerings Compare |
Zerodha |
Upstox |
| Equity Cash and F&O |
Yes |
Yes |
| Currency Derivatives |
Yes |
Yes |
| Commodity |
Yes |
Yes |
| Online IPO Application |
Yes |
Yes |
| Mutual Funds |
Yes |
Yes |
| Bonds / NCD |
Yes |
No |
| ETF |
Yes |
Yes |
| Banking |
No |
No |
| Insurance |
No |
No |
| Forex |
No |
No |
| MF SIP Investment |
Yes |
Yes |
| Equity SIP Investment |
Yes |
Yes |
| PMS Service |
No |
No |
| Other Investment Options |
NIL |
NPS |
| MTF Compare |
Zerodha |
Upstox |
| MTF Leverage |
Upto 5x leverage on 1300+ stocks |
Upto 4x leverage |
| MTF Interest Rate |
0.04% per day (14.6% per annum) |
₹20/day for every ₹40,000 – ₹50,000 (Varies by plan) |
| MTF Segment |
Equity Delivery (NSE) |
Equity Delivery (NSE and BSE) |
| MTF Pledge Charges |
₹15 per ISIN |
₹20 per ISIN |
| MTF Unpledged Charges |
₹15 per ISIN |
₹20 per ISIN |
| Maximum MTF Funding |
₹50 crore per account |
Maximum MTF Positions upto ₹5 crore with ₹3.75 crore MTF Funding |
| API Compare |
Zerodha |
Upstox |
| API Type |
Trading API Market Data API (Websocket API) Historical Data API Publisher API |
Market Data API (REST/WebSocket) Historical Data API Trading API (Order |
| API Charges |
Kite Connect API: Rs 500 per month Personal: Free |
Free |
| Customer Service Compare |
Zerodha |
Upstox |
| 24/7 Customer Service |
No |
No |
| Email Support |
Yes |
Yes |
| Online Live Chat |
No |
Yes |
| Phone Support |
Yes |
Yes |
| Toll Free Number |
No |
No |
| Through Branches |
Yes |
Yes |
| Customer Care Number |
"+ 91 80 4040 2020" |
+91 22 6130 9999 |
| Account Opening Process |
Online/Paperless |
Online/Paperless |
| Customer Support Email |
[email protected] |
[email protected] |
| Knowledge Center/Education |
https://zerodha.com/varsity/ |
https://upstox.com/help-center/ |
| Head Office Address |
Zerodha Headquater#153/154 4th Cross Dollars Colony,Opp. Clarence Public School,J.P Nagar 4th Phase,Bangalore – 560078 |
Upstox Corporate OfficeSunshine Tower,30th Floor,Senapati Bapat Marg,Dadar (W),Mumbai – 400 013 |
| Website |
https://zerodha.com/ |
https://upstox.com/ |
|
Zerodha |
Upstox |
| Research Mutual Funds |
No |
No |
| Research Equity Reports |
No |
No |
| Research ETF |
No |
No |
| Daily Market Report |
No |
No |
| Free Tips |
No |
No |
| Quarterly Result Analysis |
No |
No |
| News Alerts |
No |
No |
|
Zerodha |
Upstox |
| DP Source |
CDSL |
CDSL |
| DP ID |
81600 |
81800 |
| Demat Account Annual Maintenance Charges(AMC) |
₹300 pa |
₹300 PA |
| 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 |
| Remat |
₹150 per certificate + ₹100 courier charges + CDSL Charges |
₹100 for every hundred securities or ₹25 per certificate (whichever is higher) |
| Pledge Creation |
₹20 + ₹12 CDSL 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 CDSL 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 instraction |
₹50 |
| Other Charges |
Nil |
Nil |
|
Zerodha |
Upstox |
| Likes |
Enjoys a credible brand reputation Multiple products: Equity, F&O, IPO, MF, Bonds, G-secs, Cost-effective trading with flat fee and free investment in stocks, IPO, and mutual funds Hassle-free account opening Single margin account to trade in equity and commodity Zero minimum balance required in the Zerodha trading account Technologically advanced trading platforms and tools at no additional cost Add-on features like GTT order, alert trigger order, trade from charts, etc. Margin Trading Facility (MTF) Debt-free company Detail Review… |
Invest across segments under one roof – Stocks (NSE/BSE), F&O, commodity, IPOs, mutual funds, NPS Competitive and transparent brokerage charges along with free account opening services. Advanced trading platforms, suitable for both new investors and professional traders. Easy and paperless account opening with basic KYC documents required Charting, host of analytical tools, real-time market alerts, and fast order execution for speed and reliability Detail Review… |
| Dislikes |
Zerodha does not offer trading tips, research and advisory services. Software glitches in kite happen certain times. Zero brokerage unlimited trading plan is not offered. Detail Review… |
Delivery trading is not free, check free equity delivery brokers. NRI Trading not available, Check best NRI brokers. No intraday trading tips, investment recommendations, research, and advisory services. Some users reported technical glitches and bugs certain times. High call and trade and auto-square off charges = Rs 75 per order Detail Review… |
| Special Offers/Promo |
🎯 Current Promotion Offer from Zerodha for InvestorGain Visitors: 🆓 Free Account Opening 📈 Free Delivery Trading 💹 Max ₹20 per Order Brokerage on Intraday, F&O, Commodities & Currency 💰 Free Direct Mutual Funds & IPO Investment 📱 Kite & Coin – #1 Trading Platform & Mobile App 🚀 Open Instant Zerodha Account |
🔵 Current Offer from Upstox for InvestorGain Visitors: 🆓 Free Upstox Demat & Trading Account 📭 No AMC for the 1st Year 💹 Max ₹20 per Order Brokerage on All Trades 🌱 Free Mutual Funds & IPO Investment 🚀 Open Instant Free Upstox Account Now! |
| Enquiry |
Open Zerodha Account Now |
Open Upstox Account Now |
| Basis |
Upstox Pro |
Zerodha Kite |
| Platform owner |
RKSV Securities India Pvt Ltd |
Zerodha Broking Limited |
| Multilingual |
Pro platform is available only in the English language. |
Kite is a multilingual platform available in 11 differnet languages |
| Guest Login |
Upstox Pro App offers guest login facility. |
Guest login (Loginless) feature is not available on the Kite by Zerodha platform. |
| Stock Scanner and Heatmap |
Scanner to scan stocks and heatmap is not available on the Upstox Pro platform. |
Kite has stock scanner and market heatmap feature available. |
| Charting |
Powerful charting with 12+ charts, Multi-view charts, chart widgets, 10+ years historical data, and Trade from the charts. |
6 charts, 100+ indicators, and Multi-view charts settings upto 4 charts, and Trade from the charts features are available. |
| Market Watchlist |
Customers can add unlimited number of watchlists with no restrictions on the number of stocks in each watchlist. |
5 Wathclists with upto maximum 50 stocks in each watchlist. |
| Platform availability |
Pro Web and mobile app on Play store and the App store is available. |
Kite by Zerodha is available in the web as well as android and iOS mobile app versions. |
| Mutual Fund investment |
Pro platform provides online direct MF investment at zero brokerage fee. |
Zerodha coin is a dedicated platform for MF investment thus the facility is not available on the Kite platform. |
Source record: View original public source ↗
