Table of Contents
Zerodha vs Upstox – Trading & Demat Account Opening Charges
Zerodha Vs Upstox – Plan Options
Zerodha Vs Upstox Brokerage Charges
Zerodha vs Upstox – Transaction Charges
Zerodha vs Upstox – Account Features
Zerodha vs Upstox – Trading Platform
Zerodha vs Upstox – Customer Service
Looking for a perfect Zerodha Vs Upstox Comparison, based on various factors? Zerodha and Upstox are two popular online brokerage firms out there at the moment. Go through this comparison, and explore their account opening charges, brokerage fees, trading platforms, customer service, and more. By the end, you will have a better understanding of which broker may suit your trading and investment needs.
Click here to open an account in Upstox. Go through our Zerodha Vs Upstox Comparison article and know all about the various aspects of the two brokers.
Zerodha vs Upstox – Trading & Demat Account Opening Charges
Trading Account Opening Fees:
- Zerodha: The online trading account opening fees for Zerodha are Rs 200 for Equity and Currency segments and Rs 300 for Equity, Currency, and Commodity segments.
- Upstox: Currently, Upstox has a promotional offer, which means the trading account opening is free.
Trading Annual Maintenance Charges (AMC)
- Zerodha: Free.
- Upstox: Free.
Demat Account Opening Fees
- Zerodha: Free.
- Upstox: Free.
Demat Annual Maintenance Charges (AMC)
- Zerodha: Zerodha charges Rs 300 per year for demat account maintenance.
- Upstox: Upstox charges Rs 150 per year for demat account maintenance, along with applicable GST.
DP Service
- Zerodha: Zerodha provides DP (Depository Participant) services.
- Upstox: Upstox also provides DP (Depository Participant) services.
Zerodha Vs Upstox – Plan Options
Based on the information available at the moment, it seems that both Zerodha and Upstox do not offer multiple plans, monthly plans, or yearly plans. This means that there are no specific plan options available for traders to choose from in terms of different pricing structures or features. It suggests that both brokers have a standardized pricing structure or fee model for their services.
It is important to note that the absence of specific plans does not mean there are no variations in fees or services between the two brokers, but rather that they do not offer a range of pre-defined plans for traders to select from.
Zerodha Vs Upstox – Brokerage Charges
Plan Name:
- Zerodha: Rs 20 max per order Trading Plan.
- Upstox: Rs 20 max per order Trading Plan.
Equity Delivery:
- Zerodha: Equity delivery trading is free of brokerage charges with Zerodha.
- Upstox: Upstox charges 2.5% of the transaction value or a maximum of Rs 20, whichever is lower, for equity delivery trading.
Equity Intraday:
- Zerodha: Zerodha charges 0.03% of the transaction value or a maximum of Rs 20, whichever is lower, for equity intraday trading.
- Upstox: Upstox charges 0.05% of the transaction value or a maximum of Rs 20, whichever is lower, for equity intraday trading.
Equity Futures:
- Zerodha: Zerodha charges 0.03% of the transaction value or a maximum of Rs 20, whichever is lower, for equity futures trading.
- Upstox: Upstox charges 0.05% of the transaction value or a maximum of Rs 20, whichever is lower, for equity futures trading.
Equity Options:
- Zerodha: Zerodha charges a flat fee of Rs 20 per lot for equity options trading.
- Upstox: Upstox charges the same.
Currency Futures:
- Zerodha: Zerodha charges 0.03% of the transaction value or a maximum of Rs 20, whichever is lower, for currency futures trading.
- Upstox: Upstox charges 0.05% of the transaction value or a maximum of Rs 20, whichever is lower, for currency futures trading.
Currency Options:
- Zerodha: Zerodha charges a flat fee of Rs 20 per lot for currency options trading.
- Upstox: Upstox also charges the same.
Commodity Trading:
- Zerodha: Zerodha charges a flat fee of Rs 20 per order for commodity trading.
- Upstox: Upstox also charges the same.
Minimum Brokerage:
Neither Zerodha nor Upstox has a minimum brokerage charge.
Hidden Charges:
- Zerodha: Zerodha explicitly states that there are no hidden charges.
- Upstox: No information about hidden charges for Upstox is available.
Funding:
No information about funding charges for either Zerodha or Upstox is available.
Call & Trade Charges:
Both Zerodha and Upstox charge Rs 50 per executable order for call & trade services.
Auto Square off Charges:
Both charge Rs 50 per executable order for auto square off services.
Click here to open an account in Zerodha.
Check our informative article on the Zerodha Brokerage Charges 2023 – Trading Account Opening Charges & AMC, Demat Account Charges, Hidden Charges and Fees and more.
Zerodha vs Upstox – Transaction Charges
Equity Delivery:
- Zerodha: Rs 335 per Cr of transaction value.
- Upstox: Offers the same as Zerodha.
Equity Intraday:
- Zerodha: Rs 335 per Cr of transaction value.
- Upstox: Offers the same as Zerodha.
Equity Futures:
- Zerodha: Rs 200 per Cr of transaction value.
- Upstox: Offers the same as Zerodha.
Equity Options:
- Zerodha: Rs 5,050 per Cr of transaction value.
- Upstox: Offers the same as Zerodha.
Currency Futures:
- Zerodha: Rs 90 per Cr of transaction value.
- Upstox: Offers the same as Zerodha.
Currency Options:
- Zerodha: Rs 3,500 per Cr of transaction value.
- Upstox: Offers the same as Zerodha.
Commodity:
Non-Agri:
- Zerodha: Rs 360 per Cr of transaction value
- Upstox: Offers the same as Zerodha.
Agri:
- Zerodha: Rs 275 per Cr of transaction value.
- Upstox: Offers the same as Zerodha.
Zerodha vs Upstox – Account Features
3 in 1 Account:
- Zerodha: Zerodha offers 3-in-1 accounts, which include a Bank Account, Demat Account, and Trading Account.
- Upstox: Upstox also offers the same.
Charting:
- Zerodha: Zerodha provides charting features for technical analysis.
- Upstox: Upstox also offers the same.
Algo Trading:
- Zerodha: Zerodha supports algo trading, allowing users to automate their trading strategies.
- Upstox: Upstox also supports the same.
SMS Alerts:
- Zerodha: Zerodha does not offer SMS alerts.
- Upstox: Upstox provides SMS alerts to keep users informed about their trades and market updates.
Online Demo:
- Zerodha: Zerodha offers online demos to help users understand their platform and trading features.
- Upstox: Upstox also provides online demos for user assistance.
Online Portfolio:
- Zerodha: Zerodha provides an online portfolio feature for users to track their investments and holdings.
- Upstox: Upstox also offers the same.
Margin Trading Funding:
- Zerodha: Does not provide users with margin trading funding.
- Upstox: Does not offer margin trading funding.
Combined Ledger for Equity and Commodity:
- Zerodha: Zerodha provides a combined ledger for both equity and commodity trading.
- Upstox: Upstox also offers a combined ledger for both equity and commodity trading.
Intraday Square-off Time:
- Zerodha: The intraday square-off time for Zerodha is 3:10 PM.
- Upstox: The intraday square-off time for Upstox is 3:15 PM.
NRI Trading:
- Zerodha: Zerodha supports NRI (Non-Resident Indian) trading.
- Upstox: Upstox does not offer NRI trading services.
Other Features:
No specific additional features are mentioned for either Zerodha or Upstox.
Check our informative article on Upstox Review – Charges, Trading Charges, Annual Maintenance Charges, Trading Platform, Open Account, Account Types and More.
Zerodha vs Upstox – Trading Platform
Desktop Trading Platform:
- Zerodha: Zerodha offers the “Kite by Zerodha” desktop trading platform.
- Upstox: Upstox provides the “Upstox Pro” desktop trading platform.
Desktop Demo:
Information about desktop demos for both Zerodha and Upstox is not available.
Desktop Platform (Windows):
Neither Zerodha nor Upstox offers a desktop trading platform specifically for Windows.
Desktop Platform (Mac):
Neither Zerodha nor Upstox offers a desktop trading platform specifically for Mac.
Web Trading Platform:
Both Zerodha and Upstox offer web-based trading platforms.
Web Trading Demo:
Both Zerodha and Upstox provide web trading demos. However, specific information about the demos is not available.
Mobile Site:
Both Zerodha and Upstox have mobile-friendly websites for trading purposes.
Mobile Trading:
Both Zerodha and Upstox support mobile trading.
Mobile Trading App:
- Zerodha: Zerodha offers the “Zerodha Kite” mobile trading app.
- Upstox: Upstox provides its own mobile trading app.
Mobile Trading App Demo:
- Zerodha: Zerodha offers the “Zerodha Kite Demo” for their mobile trading app.
- Upstox: Upstox provides the “Upstox Demo” for their mobile trading app.
Android Mobile App:
Both Zerodha and Upstox have mobile trading apps available for Android devices.
Android App Download:
- Zerodha: Zerodha’s mobile app for Android can be downloaded from the Zerodha Kite download page.
- Upstox: Upstox’s mobile app for Android can be downloaded from the Upstox download page.
iPhone Mobile App (iOS):
– Both Zerodha and Upstox offer mobile trading apps for iOS devices.
iOS App Download:
- Zerodha: Zerodha’s mobile app for iOS can be downloaded from the Zerodha Kite download page for iOS.
- Upstox: Upstox’s mobile app for iOS can be downloaded from the Upstox download page for iOS.
Android Tablet App:
Both Zerodha and Upstox have dedicated mobile trading apps for Android tablets.
iPad App (iOS):
Both Zerodha and Upstox offer mobile trading apps for iPad devices.
Trading Software Charges:
Both Zerodha and Upstox offer their trading platforms free of charge.
Zerodha vs Upstox – Customer Service
24/7 Customer Service:
- Zerodha: Zerodha does not offer 24/7 customer support.
- Upstox: Upstox too, does not provide 24/7 customer support.
Email Support:
Both Zerodha and Upstox offer email support for customer inquiries.
Online Live Chat:
- Zerodha: Zerodha does not have an online live chat feature.
- Upstox: Upstox provides online live chat support for customers.
Phone Support:
Both Zerodha and Upstox offer phone support for customer assistance.
Toll-Free Number:
Neither Zerodha nor Upstox provide a toll-free number for customer support.
Through Branches:
Both Zerodha and Upstox offer customer support through their branches.
Customer Care Number:
- Zerodha: +91 80 4040 2020.
- Upstox: +91 22 6130 9999.
Account Opening Process:
Both Zerodha and Upstox provide online/paperless account opening processes.
Customer Support Email:
- Zerodha: support@zerodha.com.
- Upstox: support@upstox.com.
Knowledge Center/Education:
- Zerodha: Zerodha offers a knowledge center/education platform called “Varsity,” which can be accessed at https://zerodha.com/varsity/.
- Upstox: Upstox also provides a knowledge center and education resources, available at https://upstox.com/help-center/.
Conclusion
In conclusion, both Upstox and Zerodha offer competitive features and services for traders and investors. Traders should consider their specific requirements and preferences when choosing between the two brokers.
Please note that the information provided is based on the data available while writing and is subject to change. It is always recommended to verify the latest details directly from the respective brokers’ websites or by contacting their customer support.
Check out our YouTube video on Upstox Vs Zerodha.
https://dematdive.com/zerodha-vs-upstox/
