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, we found that the top 20 stock brokers in India, Upstox hold a fourth position with 2,555,618 active clients. And in 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 stock broker 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)	the 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

Here are the Cons of Upstox and Zerodha

Upstox	Zerodha
The equity delivery brokerage fee is Rs 20 per trade, and other brokers like  Zerodha offer free brokerage equity delivery trade	It does not offer a three-in-one account.
They don’t offer 24/7 customer support.	No margin funding in Zerodha
They don’t offer the NRI trading account and the Demat account	They do not provide research, stock tips, and recommendations.
They don’t offer the digital gold.	Not offer any AMC free Demat account in Zerodha
They have automatic settlement charges of an additional Rs 50 for executing the order for per.	They charge an extra Rs 50 per order in  Trade and Call

Upstox vs Zerodha Charges

Let’s look at Upstox and Zerodha fees and 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 in a positive way 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 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 of 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 accounting opening fees and annual maintenance fees, and 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.

But if you want to invest in the long term then Zerodha is the better option for the long-term investment, and not only this it has a strong focus on technology clarity in the business strategies, and also has a strong management. We hope our blog Upstox vs Zerodha is clear now.