Upstox vs Zerodha Comparison: 2024
About Upstox
Upstox, another name to be included in the list of fastest growing discount brokers in India. We wonder, how much longer the list of stock brokers in India will eventually get. Every other day you hear a lot of new entrants, or existing players modifying their strategies to survive and succeed in the stock broking world.
Uptstox, formerly known as RKSV Securites, is one of the biggest discount brokers in India, funded by the likes of Ratan Tata, Kalaari Capital and GVK Davix, making the firm a dependable and safe broker for all of your investment and trading needs. Based out of Mumbai, Upstox is a wide-range broker. This stock broking platform offers a huge range of trading products and services.
Using Upstox has huge advantages, especially for traders, given its plans and cheap brokerage despite volume. Also, Upstox also offers one of the quickest trading terminals, which, any trader could tell
About Zerodha
Zerodha, a Bangalore based company, a pioneer in stock broking, is the biggest and one of the best and most popular stock brokers in India. The one of its kind, discount broking model was introduced by this leading broker few years back. And, now there's no looking back! It's online flat fee discount brokerage model has set an example to be followed by various other trading platforms across India. Ranked amongst the Top Discount Brokers in India, Zerodha holds a very strong position in terms of trading volumes and a massive and growing customer base. 
Zerodha: Overview
Incorporated in the year 2010 by Nitin Kamath, an engineer turned stock broker cum budding entrepreneur who nurtured the company with his ideas and innovation, Zerodha gained huge popularity within a short span. It has turned to be the leading stock broker in India, may it be
Upstox vs Zerodha Account Opening Charges: 2024
| Charge | Upstox | Zerodha |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 (Free) |
| Trading Acc Opening Charges | ₹249 | ₹200 (Equity) + Rs.100 (Commodity) |
| Trading Account AMC | ₹0 | ₹0 (Free) |
| Demat Account AMC | ₹300 per year (paid monthly) | ₹300 per year |
Upstox vs Zerodha Brokerage Charges and Plans : 2024
| Charge | Upstox | Zerodha |
|---|---|---|
| Plan Name | Basic | Flat Brokerage Plan |
| Equity Delivery | ₹0 (FREE) | ₹0 (Free) |
| Equity Intraday | ₹20 per trade or 0.05% (whichever is lower) | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Futures | ₹20 per trade or 0.05% (whichever is lower) | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Options | ₹20 per trade or 0.05% (whichever is lower) | Flat ₹20 or 0.03% (whichever is lower) per executed order (on Turnover) |
| Currency Futures | ₹20 per trade or 0.05% (whichever is lower) | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Currency Options | ₹20 per trade or 0.05% (whichever is lower) | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Commodity Options | ₹20 per trade or 0.05% (whichever is lower) | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Mutual Fund | N/A | ₹0 (Free Unlimited Direct MF) |
Upstox vs Zerodha Margin / Exposure: 2024
| Segment | Upstox | Zerodha |
|---|---|---|
| Equity Delivery | 1x (no margin) | 1x (no margin) |
| Equity Intraday | Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x | Up to 20x (based on the stock) |
| Equity Future | Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Equity Options | Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Future | Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Options | Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Commodity Future | Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span |
| Commodity Options | N/A | N/A |
Upstox vs Zerodha Currency Charges and Plans: 2024
| Charge | Currency Futures (Upstox) | Currency Options (Upstox) | Currency Futures (Zerodha) | Currency Options (Zerodha) |
|---|---|---|---|---|
| Brokerage | Based on Brokerage Plan Selected | Based on Brokerage Plan Selected | Flat ₹20 or 0.03% (whichever is lower)\t | Flat ₹20 or 0.03% (whichever is lower)\t |
| Securities Transaction Tax (STT) | No STT | No STT | No STT\t | No STT\t |
| Transaction / Turnover Charges | NSE: 0.00013% | BSE: 0.00062% | NSE: 0.065% | BSE: 0.026% (on premium) | NSE: 0.0009% | BSE: 0.00022%\t | NSE: 0.04% | BSE: 0.001% (on premium) |
| Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | ₹5/Crore | ₹5/Crore | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) |
| Stamp Charges | State-wise | State-wise | State wise | State wise |
Upstox vs Zerodha Commodity Charges and Plans: 2024
| Charge | Commodity Futures (Upstox) | Commodity Options (Upstox) | Commodity Futures (Zerodha) | Commodity Options (Zerodha) |
|---|---|---|---|---|
| Brokerage | Based on Brokerage Plan Selected | Based on Brokerage Plan Selected | Flat ₹20 or 0.03% (whichever is lower)\t | Flat ₹20 or 0.03% (whichever is lower)\t |
| Securities Transaction Tax (STT) | 0.01% on sell trade (Non-Agri)\t | 0.05% on sell trade | 0.01% on sell side (Non-Agri)\t | 0.05% on sell side |
| Transaction / Turnover Charges | 0.0031%\t | 0.002% | Group A: Exchange txn charge: 0.0026% Group B: Exchange txn charge: Pepper - 0.00005%, Castorseed - 0.0005%, Rbdpmolein - 0.001%\t | ₹0 |
| Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | ₹5/Crore | ₹5/Crore | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) |
| Stamp Charges | State-wise | State-wise | State wise | State wise |