Upstox vs Zerodha: Features Comparison, Charges & Review

Both Upstox and Zerodha are low-cost brokers in India with similar offerings. But the main question is which is better, and for this, we have to find the difference between Upstox vs Zerodha.

Quick Intro: Upstox vs Zerodha

Both Upstox and Zerodha are discount broker applications. According to our research, the top 20 stockbrokers in India, Upstox, hold the fourth position with 2,555,618 active clients. On the other hand, Zerodha holds a second position with 7,392,836 active users. So, let’s discuss this in detail.

Upstox

Upstox is a tech-first discount broking firm in India that provides trading services across different segments, which include mutual funds, commodities, equities, futures, and options. It was incorporated in 2012 and offers trading at NSE, BSE, and MCX. It also has 4 branches across India.

Zerodha

Zerodha is an Indian stockbroker and financial services company that is a member of the national stock exchange, where online trading services are offered to the customers. It was incorporated in 2010 and offers trading at NSE, BSE, NCDEX, and MCX. It also has 22 branches across India.

Features Comparison of Upstox and Zerodha

Let’s take a look at the key features of both discount broker applications.

	Upstox	Zerodha
Allow trading in	Equity, IPO, F&O, Direct Mutual Funds.	Equity, commodity, Currency, IPO, Direct Mutal Funds.
Stock exchange	NSE, BSE, and MCX.	NSE, BSE, NCDEX, and MCX
Equity deliver	Charge a lower 2.5% or Rs 20	Offer free
Number of branches	4	22
Demat debit transaction charges	They have high Demat debit transaction charges (Rs 18.5 per ISIN)	Zerodha charges only Rs 13.5

Pros and Cons

Here are the Pros of Upstox and Zerodha:

Upstox	Zerodha
Zero account opening fee.	Free account opening for people under 25.
Flat Rs 20 per trade brokerage for all the other segments and also include equity delivery	The Good-Till-Triggered (GTT) orders are available, and they are similar to GTC orders.
One application for trading equity, commodity, and currency.	Simple flat fee brokerage services are across segments and stock exchanges such as BSE, NSE, and MCX.
Zero (0) brokerage for the Mutual Fund Investment.	Flat Rs 20 per trade brokerage for all the other segments
The Good-Till-Triggered (GTT) orders are available.	This is a reliable, safe, and technologically advanced broker in India
They offer direct Mutual Funds	The NRI trading account is available

Upstox vs Zerodha Charges

Let’s look at Upstox and Zerodha charges in tabular form, which is given below.

Fee and Charges	Upstox	Zerodha
Demat account AMC charges	150	300
Demat account opening charges	0 (Free)	0
Trading account opening charges	0 (Free)	0
Trading account AMC charges	0 (Free)	0 (Free)
Advance deposit	0	0
Failed Instruction charges	50	50 per instruction
Statutory charges	0	50
Other charges	0	0

User Review

According to research, we found many reviews and different reviews are given; some of them are positive or some are negative, like Upstox is better than Zerodha but only in the case of accounting opening fees and annual maintenance fees. If a customer is a beginner investor, then they can open a free account with no annual maintenance fee.

But if we talk about Zerodha's review, then they appeal to active investors and traders with their free equity delivery and lower brokerage charges. Let’s know it more clarifying way.

	Upstox	Zerodha
Fee Rating	3.5 Rating	4 Rating
Customer service rating	3.5 Rating	4 Rating
Trading platform usability	4 Rating	4 Rating
Trading brokerage rating	4 Rating	4.5 Rating
Overall rating	4.5 Rating	4.5 Rating

Customer Support

Here is the information about Customer support for Upstox and Zerodha:

Customer support services	Upstox	Zerodha
Online Live Chat	Yes	Noo
Email Support	Yes	Yes
Through Branches	Yes	Yes
Toll-Free Number	No	No
Phone Support	Yes	Yes
24/7 Customer Service	No	No
Customer Care Number	+91 22 6130 9999	+ 91 80 4040 2020
Customer Support Email	[email protected]	[email protected]
Account Opening Process	Online/Paperless	Online/Paperless
Head Office Address	Upstox Corporate Office Sunshine Tower, 30th Floor, Senapati Bapat Marg, Dadar (W), Mumbai - 400 013	Zerodha Headquater #153/154 4th Cross Dollars Colony, Opp. Clarence Public School, J.P Nagar 4th Phase, Bangalore - 560078
Knowledge Center/Education	https://upstox.com/help-center/	https://zerodha.com/varsity/
Website	https://upstox.com/	https://zerodha.com/

Ending Words

Thus, by comparing them, we find that both brokers are good. However, if we have to choose which one is better, then, according to the review, Upstox is better than Zerodha. Because of the accounting opening fees and annual maintenance fees, the account was not accessible in Zerodha, but if we talk about Upstox, it is free. If you are still confused, then here is a detailed comparison of Groww vs Zerodha for you.

About the Author

Saniya

I am a writer, and this sentence speaks louder than anything, I love to play with words because I have a passion for writing easy and good-quality content that reflects simplicity. Readers like content that is straightforward with simple language. My priority has always been to deliver content that connects with the reader.

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