Upstox vs Zerodha 2024 : Detailed Comparison
Upstox vs Zerodha
Upstox , ounded in 2009, is a discount broker. It supports trading on the NSE and
BSE. It has 4 branches in India.while Zerodha, Discount Broker Zerodha was founded in 2010. Trading is available at MCX, NCDEX, BSE, and NSE. There are 22 of its branches in India.
Upstox
The Upstox trading platform provides trading, analysis, charting, and avariety of other advanced trading capabilities. This platform makes it simple to placeorders using mobile devices and online browsers. Upstox’s trading platform is basedon Omnisys NEST OMS (Order Management System) and RMS (Risk ManagementSystem). Upstox Pro allows you to trade equity F&O, equity intraday, commodities,and currency derivatives. Upstox Pro is the premium version of Upstox fortraders.Investors such as GVK Davix, Kalaari Capital, and Ratan Tata supportUpstox. UPSTOX established in 2009 ( then known as RKSV)..
Zerodha
Zerodha Review: Right now, Zerodha is the top stock broker. They are thought to be the most transparent
stock broker, have a cheap brokerage fee, and provide a great online trading platform. They
become the fintech firm in India with the quickest growth rate through constant innovation
and improvement. These are Zerodha’s main advantages. For its clients, it has developed a
variety of trading software. These include the online and mobile trading platform Zerodha
Kite, the mutual fund investment platform Coin, the investor education programme Varsity,
the trading Q&A, and numerous other resources. In addition, Zerodha provides the following
platforms: GoldenPi (bond trading), Sensibull (options trading), Streak (algo & strategy
platform), Small case (thematic investment platform), and Ditto (insurance).
| Upstox | Zerodha | |
| Year of Establishment | 2009 | 2010 |
| Number of Branches | 4 | 22 |
| Exchange of Membership | NSE , BSE, SENSEX AND NIFTY | NSE, BSE AND MCX , NCDEX |
| Broker Type | Discount broker | Discount broker |
Upstox vs Zerodha Charges
Compare Upstox vs Zerodha Offers
Upsox vs Zerodha Product Provided
Comparison Of Upstox vs Zerodha Advisory Services
Upstox vs Zerodha Features
Zerodha andUpstox are renowned trading platforms in India that provide unique features.
Zerodha caters to experienced traders by offering comprehensive charting tools, a variety of
order types, and fast execution. It provides a professional edition with more features and
interaction with third-party solutions. Upstox, on the other hand, is geared towards simplicity
and ease of usage, making it perfect for novices. It provides a single trading platform for
equities, mutual funds, and digital gold, as well as instructional tools. Upstox user-friendly
layout and simple account opening process stand out. Both platforms have reasonable
brokerage costs and no account maintenance fees, while Zerodha excels in sophisticated
trading tools. Below the table shows some of its features.
Upstox vs Zerodha AMC And DEMAT Account Charges
Upstox vs Zerodha Brokerage Charges
Upstox charges a fixed cost of ₹20 for equities trading, whereas Zerodha costs Rs 20 per completed
transaction or 0.02%, whichever is lesser. Both platforms provide cheap brokerage fees, but Zerodha clear
pricing structure may appeal to traders seeking Below the table shows brokerage charges.
Upstox vs Zerodha leverage (margin)
Zerodha Upstox offers up to 20% of the trade value (5x leverage) for intraday cash
transactions, whereas One margin for intraday trading allows up to 20% of the trade value
(5x leverage) depending on the stock.The table below shows the leverage margin of both
platform ( 2024).
Angel One vs Upstox Investment Option
- Zerodha : For investment Zerodha offers option like : stock equity, currency, commodity, ipo, mutual fund, bond /ncd and debt . Overall Zerodha offers more options than Upstox
- Upstox: For investment Upstox offers: stock equity, currency, commodity, ipo, mutual fund it don’t offer investment in Bond/NCD and debt type .
Upstox vs Zerodha Pros And Cons
Pros:
| Upstox | Zerodha |
| 1)Brokerage for all other areas,including equities delivery, is flat at Rs20 per deal. 2)Provide mutual funds directly. Asingle software for commodities,currency, and stock trading. 3)There is no account opening cost.Investment in mutual funds requiresno brokerage. 4)For slabs of Rs 40,000, the MarginTrading Facility (MTF) is offered at aninterest rate of Rs 20 per day. 5)There is a Margin Against Share.Bonds, NCDs, FPOs, and IPOs mayall be done online. 6)Orders that are Good-Till-Triggered(GTT) are accessible. 7)Minimal brokerage charges:Upstox helps traders save moneyon transaction costs by providingcompetitive brokerage prices. | 1)India’s leading broker interms of active clients,trading volume, andbrokerage revenue. Safe,dependable, and the mosttechnologically advancedbroker in India .2)People under the age of25 can establish anaccount for free. 3)For all other categories,a flat brokerage fee of Rs20 per trade. Great freetrading platforms (Kite)are offered. 4)It is possible to investdirectly in mutual funds. 5)Orders that are GoodUntil Triggered (GTT) areaccessible. GTC ordersare comparable to these. 6)basic flat-fee brokerageservices on all exchangesand divisions (MCX, NSE,BSE). Trades involvingfree equity distribution.Orders usingCash-N-Carry incur nobrokerage fees. 7)NRI can open tradingaccount. |
Cons:
| Upstox | Zerodha |
| 1)Doesn’t give trading strategies thatare infinite and does not providemoney for margin on deliverytransactions. 2)Does not provide recommendationsor stock suggestions. 3)The brokerage cost for equitydelivery is Rs 20 per deal. Equitydelivery trades are offeredbrokerage-free by other brokers, suchas Zerodha. doesn’t give tradingstrategies that are infinite. 4)Not providing a three-in-oneaccount. lacks round-the-clock clientservice. 5)Does not provide Demat and NRITrading accounts and does notprovide BTST not providing digitalgold ,call-and-trade charge of Rs 20 isadded to each executed order. | 1)It doesn’t offer research, recommendations, or stock suggestions. 2 Each order incurs an additional Rs 50 for Call & Trade. 3)There is also a 3-in-1 account not available. There are no monthly unlimited trading subscriptions available. 4)AMC Free Demat accounts are not provided by it. No margin financing. 5)An additional Rs 50 is paid for each order for auto square off. |
Compate Upstox vs Zerodha Transaction Charges
Firstly the transaction charges of Zerodha is Flat fee of ₹ 20 or 0.03% (whichever is less)
for each executed order in intraday commodities, currency, and equities trading , also The
exchange costs for options on Zerodha are as follows: UPSTOX is Flat fee of ₹ 20 or 0.05% (whichever is less)
for each executed order in Intraday Commodities, Currency, and Equities Trading , also The exchange costs for options on Upstox are as follows: Upstox is Flat fee of ₹ 20 or 0.05% (whichever is less) NSE Rs 5000 per crore (0.0505%) |BSE Rs 3750 per crore (0.005%) (plus premium).
Upstox vs Zerodha Ratings By Customers
| Rating | Upstox | Zerodha |
| Brokerage | ⭐⭐⭐ | ⭐⭐⭐ |
| Customers Service | ⭐⭐⭐ | ⭐⭐⭐ |
| Fees | ⭐⭐⭐ | ⭐⭐ |
| Trading Platform | ⭐⭐⭐ | ⭐⭐⭐ |
| Research | ⭐⭐ | ⭐⭐ |
| Brokerage Rating | ⭐⭐⭐ | ⭐⭐⭐⭐ |
| Overall Rating | ⭐⭐⭐ | ⭐⭐⭐ |
Upstox vs Zerodha Complaints
Data from 2024 reveals that Zerodha had more customer complaints than Upstox when
comparing the two companies. In particular, Upstox received 289 complaints and resolved
257 whereas Zerodha received 339 complaints and resolved 307. This shows that
Upstox performs better in terms of customer service than Angel One, as seen by the fact
that it has a higher complaint resolution rate and fewer complaints overall.
| Complaints | Upstox | Zerodha |
| Total Complaints Lodged | 289 | 339 |
| Total Complaints Resolved | 157 | 307 |
| % of Resolved Complaints | 86.30% | 90.56% |
| Non Actionable Complaints | 30 | 20 |
| % of Non Actionable Complaints | 9.37% | 5.90% |
Conclusion: Upstox is an intuitive design that is perfect for novices, emphasising mutual
funds and simplicity. With Ratan Tata’s support, Zerodha offers sophisticated trading tools,
affordable brokerage costs, and a feature-rich software ideal for aggressive traders. Upstox
ease of use makes up for some of the complex capabilities that Zerodha lacks. Zerodha
sophisticated choices and cheaper prices give it a minor advantage. In the end, Zerodha is
better for seasoned traders looking for extensive tools and reduced prices, whereas Upstox
is better for novices and mutual fund investors.
Customer Care Number/Email
Upstox : 022-41792999
Zerodha: (080 4718 1888) or (080 4718 1999) .
Client can contact this number for clearing their doubt.
Zerodha Support Email: Support.@zerodha.com
Upstox Support Email:- support@upstox.com
Client can contact this email for clearing their doubt.
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