Zerodha Vs Upstox the two discount Stock Broker of India are competing each other on various scales. We have compared Zerodha vs Upstox on in every aspect the Indian stock market is something which has caught up speed and is growing at a faster rate. Trading has emerged as a new trend in India and day by day people are involving themselves even more. For one who has started trading recently, it is very important for them to choose the right broker.zerodha vs upstox

Compare Brokerage, Margin, Charges of Zerodha vs Upstox 2020

Once they go for the right broker then the process becomes quite easy. In India to begin trading a person needs to have a Demat account. All the trades by the investor or a trader has to be performed via the trading account. In this article, we are going to compare two of the tops brokers of India. We will be talking about all the possible offers and schemes which they offer. How beneficial can they prove in your trading journey. Their brokerage charges, leverage, margin, and intraday trading. We are going to talk about Zerodha and Upstox.Best Discount Broker in India

Zerodha and Upstox are two of the most successful and reliable stock brokers in India. Both companies have gained the client’s trust over the years and have been performing really good. One of the similarities between both the companies is that they both are discount brokers. Hence this increases the chances of competition between both the companies.

 

Zerodha Largest and Biggest Discount Broker in India

 

Zerodha is one of the largest and most popular stockbroker in India. Zerodha started their journey in the stock world in the year 2010, since they have grown exponentially in volume and numbers continuously. Not only this, but they have also succeeded so much that they contribute over 15% of daily retail trading volumes. Currently, Zerodha is the only company with the largest number of active clients. It also offers trading at NSE, BSE, MCX and NCDEX. As of now, they are operating across 22 branches in India.Zerodha

How Upstox competing with Zerodha?

The competitor for Zerodha turns out to be Upstox. Started in the year 2011, Upstox gained momentum very quickly and it now comes under the top stock brokers in India. The company gives a tough competition to Zerodha and has continuously excelled in the stock world. The company started under the name RKSV and later in 2016, the name was changed and it became the brand Upstox. Currently, the company works on a low-cost brokerage model. The company offers trading at BSE, NSE, and MCX. It only has 4 branches across India. Making a comparison, clearly, Zerodha seems to be the bigger fish of the sea.upstox review

Zerodha vs Upstox 2020 Charges and AMC

Zerodha and Upstox both have certain charges applied on operations and services provided by them. In fact, to operate trading in any one of the companies the client needs to have an account. There are account opening charges in both the companies. In Zerodha to open a trading account, the charge is ₹200, while on the other hand for opening an account in Upstox the amount to be paid is ₹249.

Demat account is a must in Indian trading. To begin the journey in stocks every client needs to have a Demat account. For maintaining a Demat account in Zerodha the client has to pay Demat Account AMC charge which is ₹300. Just like Zerodha, Upstox also has the same charge.

 

Zerodha Upstox
Trading Account Opening Charges ₹200 ₹249
Trading Account AMC Charges ₹0 (Free) ₹0 (Free)
Demat Account Opening Charges ₹0 ₹0 (Free)
Demat Account AMC Charges ₹300 ₹300

 

Zerodha & Upstox Brokerage Charges and Plans

Both Zerodha and Upstox does not have any brokerage charge for equity trading. But coming to the other services they have different charges. One of the factors which distinguish both the companies is that, unlike Upstox, Zerodha has different plans and schemes for the clients. While trading with Upstox the client have to choose among two plans at the time of making an account. Whereas there is no such deal with Zerodha. There is only one flat brokerage plan with Zerodha which is easy to understand and begin with.

For intraday trading Zerodha charges ₹20 per executed order or 0.03% whichever is lower. On the other hand Upstox charges ₹20 per executed order or 0.05% whichever is lower. As we can see, the plans which Zerodha offers are lesser and cheaper than Upstox.Stock Broker

 

Upstox offers two plans to the clients, these are Upstox basic and Upstox Priority. Zerodha has only one flat brokerage plan for the clients. The choices in Upstox has to be made while creating the account. The tables below show both the plans of Upstox and charges applied to each service.

 

Zerodha vs Upstox Basic Plans Comparison

Zerodha Upstox
Account Type Flat Brokerage Plan Upstox Basic
Equity Delivery Brokerage ₹0 (Free) ₹0 (Free)
Equity Intraday Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order or 0.05% whichever is lower
Equity Options Brokerage ₹20 per executed order ₹20 per executed order
Currency Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order or 0.05% whichever is lower
Currency Options Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order
Commodity Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order or 0.05% whichever is lower
Commodity Options Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order

 

Zerodha Vs Upstox Priority Plan Brokerage Comparison

Zerodha Upstox
Account Type Flat Brokerage Plan Upstox Priority (Higher Margin)
Fixed Charges NA
Equity Delivery Brokerage ₹0 (Free) ₹0
Equity Intraday Brokerage ₹20 per executed order or .03% whichever is lower ₹30 per executed order or 0.10% whichever is lower
Equity Futures Brokerage ₹20 per executed order or .03% whichever is lower ₹30 per executed order or 0.10% whichever is lower
Equity Options Brokerage ₹20 per executed order ₹30 per executed order
Currency Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹30 per executed order or 0.10% whichever is lower
Currency Options Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹30 per executed order
Commodity Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹30 per executed order or 0.10% whichever is lower
Commodity Options Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹30 per executed order

 

Zerodha Vs Upstox Transaction Charges Comparison

There are numerous charges and taxes which are applied while trading in India. Trading is basically selling or buying of shares. Similarly, there are transaction charges applied in the shares. Transaction charges is something which is charged on both sides of the trading by the stock exchanges. This is one of the taxes but there are so many about which investors are not even aware of. Transaction charges are the same for intraday and delivery trading.Stock Broker

Transaction charges are applied in both the companies. In Zerodha transaction charges for options is NSE ₹5000 per Cr (0.05%). Coming to Upstox exchange transaction charges for options is NSE ₹5500 per Cr (0.055%) (on premium).

 

Zerodha

Upstox

Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) NSE ₹325 per Cr (0.00325%) (each side)
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) NSE ₹325 per Cr (0.00325%) (each side)
Equity Futures NSE ₹190 per Cr (0.0019%) NSE ₹210 per Cr (0.0021%)
Equity Options NSE ₹5000 per Cr (0.05%) (on premium) NSE ₹5500 per Cr (0.055%) (on premium)
Currency Futures NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%) NSE ₹130 per Cr (0.0013%) | BSE ₹26 per Cr (0.00026%)
Currency Options NSE ₹3500 per Cr (0.035%) | BSE ₹100 per Cr (0.001%) (on premium) NSE ₹2900 per Cr (0.029%) | BSE ₹2600 per Cr (0.026%) (on premium)
Commodity Group A – ₹260 per Cr (0.0026%) Group A – ₹290 per Cr (0.0029%)

 

Zerodha Vs Upstox Leverage (Margin) Comparison

Usually people think that leverage is a term which is used only in real estate business, but that’s not entirely true. Leverage is often used by investors as well. Leverage in stock market basically revolves around margin trading. It involves borrowing capital to invest in more stocks, that is more than what you can afford. Stock market leverage can benefit sometimes and it can result in increase in the returns on investment.

Below is a table which will show you all about the leverage trading in Zerodha and Upstox. All the charges applied and schemes involved is well tabulated.

 

Zerodha

Upstox

Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 20x (based on the stock) Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x
Equity Futures Intraday – 40%(2.5x), Carry forward – 100%(1x) of Total margin (Span+ Exposure) Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x
Equity Options Intraday – 40%(2.5x), Carry forward – 100%(1x) of Total margin (Span+ Exposure) Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x
Currency Futures Intraday – 40%(2.5x), Carry forward – 100%(1x) of Total margin (Span+ Exposure) Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x
Currency Options Intraday – 40%(2.5x), Carry forward – 100%(1x) of Total margin (Span+ Exposure) Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x
Commodity Futures Intraday – 40%(2.5x), Carry forward – 100%(1x) of Span Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x

 

Features of Zerodha and Upstox in 2020 Comparison

Zerodha and Upstox both are technically advanced, they have developed several platforms to perform trading operations. Zerodha has platforms like Kite Web, Kite Mobile for Android and iOS, and Coin.

Upstox, on the other hand, have platforms like Upstox Pro Web, Dartstock, Nest Trader, Fox Trader, iOS and Android Algola trading software.

Zerodha 2020 Features

  1. Charting
  2. Automated trading
  3. Online Demo
  4. Margin Against Shares (Equity Cash), (Equity F&O).
  5. Direct Mutual Funds
  6. APIs for Algo trading
  7. Referral programZerodha

Upstox 2020 Features

  1. Charting
  2. Online Demo
  3. Margin Against Equity(Equity Cash), (Equity F&O)
  4. Option strategy builder
  5. Referral programupstox review

While both Zerodha and Upstox have their positives, Zerodha scores over Upstox on following tallies: Zerodha keeps making gigantic interests in innovation. It offers a scope of magnificent exchanging stages and apparatuses. Zerodha offers online IPO application administrations, a free immediate shared reserve stage to its clients. Its administration dynamic is quicker as it doesn’t have financial specialists ready.