Zerodha vs. Upstox: Who offers the best Demat account? Let’s find out.
With the advent of online trading platforms, investing in the stock market has always been complex. Zerodha and Upstox are two of the most prominent competitors in India’s online brokerage industry.
Both platforms have acquired momentum due to their user-friendly interfaces, competitive pricing, and extensive service offerings. In this article, we will compare Zerodha and Upstox in order to help you determine which demat account is best for your investment requirements.
Zerodha
Zerodha is a well-known online discount brokerage service headquartered in India. Nithin Kamath founded it in 2010, and its headquarters are in Bengaluru. It has experienced significant growth, positioning itself as one of the leading and widely recognized entities within the brokerage industry in India.
The company has garnered recognition for its innovative approach to internet-based trading and its dedication to delivering affordable and user-centric trading options to investors and traders.
Also Check Stock Average Calculator Zerodha
Upstox
Upstox is a prominent online discount brokerage firm in India that specialises in offering online trading and investment services to retail investors and traders. Upstox, founded in 2010, has rapidly garnered recognition owing to its user-friendly platforms, competitively priced brokerage fees, and wide range of financial products and services.
Zerodha vs. Upstox: Which is better?
Both Zerodha and Upstox are prominent discount brokers in today’s time. A few of you might need clarification about where to open a Demat account or trading account, as both of them have quite a few similarities.
Let’s get into the comparison of Zerodha vs. Upstox in terms of brokerage fees, account opening and transaction charges, and the benefits of both.
Company Information
| Zerodha | Upstox | |
| Founder | Nithin Kamath | Ravi Kumar, Raghu Kumar, and Shrinivs Vishwanath |
| Company Type | Private | private |
| Head Office | Bengaluru | Mumbai |
| Founded in | 2010 | 2010 |
| Type of Broker | Discount Broker | Discount Broker |
| No. of branches | 22 branches and 90+ partner offices | 2 branches and 12 partner offices |
| Website | https://zerodha.com/ | https://upstox.com/ |
Zerodha vs. Upstox: Account Opening Charges
| Zerodha | Upstox | |
| Trading Account Opening Charges | Rs. 200 | Rs. 150 |
| Trading Annual in Maintenance Charges | Rs. 0 | Rs. 0 |
| Demat Account Opening Charges | Rs. 100 | Rs. 0 |
| Demat Account Annual Maintenance Charges | Rs. 300 | Rs. 150 |
| Commodity Account Opening Charges | Rs. 200 | Rs. 150 |
Zerodha vs Upstox: Products and Services Available
| Zerodha | Upstox | |
| Equity | ✔ | ✔ |
| Equity Derivatives (F&O) | ✔ | ✔ |
| Currency and Derivatives | ✔ | ✔ |
| Commodities | ✔ | ✔ |
| IPO | Through UPI | Through ASBA |
| Mutual Funds | ✔ | ✔ |
| ETF | ✔ | ✔ |
| Bond/NCD | ✔ | 🗙 |
| Banking | 🗙 | 🗙 |
| Insurance | 🗙 | 🗙 |
| PMS | 🗙 | 🗙 |
| Forex Trading | 🗙 | 🗙 |
| NRI account support | ✔ | 🗙 |
Zerodha vs Upstox: Brokerage Charges
| Account Type | Zerodha | Upstox |
| Equity Delivery | 0 Fee (Free) | Rs. 20 per order or 2.5%, whichever is lower |
| Equity Intraday | Rs. 20 per order or 0.3%, whichever is lower | Rs 20/per order or 0.05%, whichever is lower |
| Equity Futures | Rs. 20 per order or 0.3%, whichever is lower | Rs 20/per order or 0.05%, whichever is lower |
| Equity Options | Rs. 20 per executed order | Rs. 20 per executed order |
| Currency Futures | Rs. 20 per order or 0.3%, whichever is lower | Rs 20/per order or 0.3%, whichever is lower |
| Currency Options | Rs. 20 per executed order | Rs. 20 per executed order |
| Commodity Futures | Rs. 20 per order or 0.3%, whichever is lower | Rs 20/per order or 0.3%, whichever is lower |
| Commodity Options | Rs. 20 per executed order | Rs. 20 per executed order |
| Funding | N/A | N/A |
| Call and Trade Charges | Rs. 50 per executed order | Rs. 50 per executed order |
| Auto-square-off charges | Rs. 50 per executed order | Rs. 50 per executed order |
Zerodha vs Upstox: Transaction Charges
| Zerodha | Upstox | |
| Equity Delivery | NSE: 0.00325%; BSE: 0.00375% (both buy and sell) | NSE: 0.00325% ( both buy and sell) |
| Equity Intraday | NSE: 0.00325%; BSE: 0.00375% (both buy and sell) | NSE: 0.00325% ( both buy and sell) |
| Equity Futures | NSE: 0.0019% | NSE: 0.0019% (Both Buy and Sell) |
| Equity Options | NSE: 0.05% (on premium) | NSE: 0.050% (on premium) |
| Currency Futures | NSE: 0.0009%; BSE: 0.001% | NSE: 0.0009%; BSE: 0.00022% |
| Currency Options | NSE: 0.0009%; BSE: 0.00025% | NSE: 0.035%; BSE: 0.001% |
| Commodity Futures | Group A: 0.0026% | MCX: 0.0026 |
| Commodity options | 0.05% | 0.05% |
What does this percentage mean?
If you buy 500 shares of a company at Rs 200 and the total traded value becomes (500 x 200 = 1,00,000) Rs 1,00,000, of which 0.00325% will be levied, that is:
0.00325/100 x 1,00,000 = 3.35 will be levied.
For the option segments, it will be calculated on the basis of premium instead of traded value.
Zerodha vs. Upstox: Statutory Charges Comparison
Government levies the statutory charges, which are generally the same for every broker. There’s nothing much to worry about these charges. These charges are paid to the government of India.
These charges include STT, SEBI charges, GST, and stamp duty charges.
| Statutory Charges | Zerodha | Upstox |
| STT | 0.0126% of total turnover | 0.0126% of total turnover |
| SEBI charges | 0.0002% of total turnover | 0.0002% of total turnover |
| GST | 18% of (transaction + brokerage charges) | 18% of (transaction + brokerage charges) |
Zerodha vs. Upstox: Demat Account Charges
| Zerodha | Upstox | |
| DP (Depository Participant) Source | CDSL | CDSL |
| Dp Id | 81600 | 81800 |
| Demat Account Annual Maintenance Charges (AMC) | ₹300 pa | ₹300 pa |
| Advance Deposit | Nil | Nil |
| Statutory charges | ₹50 | Nil |
| Transaction charges on Debit (Per ISIN) | ₹8 + ₹5.50 (CDSL Charges) per transaction | ₹13 + ₹5.50 CDSL charges |
| Demat | ₹150 per certificate + ₹100 courier charges | ₹20 + ₹50 courier charges |
| Remat | ₹150 per certificate + ₹100 courier charges + CDSL Charges | ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) |
| Pledge Creation | ₹20 + ₹12 CDSL charges | 0.02% of the transaction value (min. ₹50) + CDSL charges |
| Pledge Creation Comparison | Nil | 0.02% of the transaction value (min. ₹50) + CDSL charges |
| Pledge Closure | ₹20 + ₹12 CDSL charges | 0.02% of the transaction value (min. ₹50) + CDSL charges |
| Pledge Closure Confirmation | Nil | 0.02% of the transaction value (min. ₹50) + CDSL charges |
| Pledge Invocation | ₹20 | 0.05% of the transaction value (min. ₹50) |
| Failed Instruction Charges | ₹50 per instruction | ₹50 |
| Other Charges | Nil | Nil |
Zerodha vs. Upstox: Trading Platform Comparison
| Zerodha | Upstox | |
| Web Trading Platform | Yes | Yes |
| Web Platform Name | Kite Web | Upstox Pro Web |
| Web Trading Demo | No | Yes |
| Mobile Trading apps | Yes | Yes |
| Mobile App Name | Kite App | Upstox Pro App |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Desktop Trading Platform | Yes | Yes |
| Desktop Platform Name | Zerodha Pi | Dartstock, Nest Trading, and Fox Trading |
| Demo Platform | No | Yes |
| Desktop Platform on Windows | Yes (Pi Software, Nest Trader) | Yes (Nest Trader) |
| Mac Platform | No | No |
Features of Zerodha and Upstox Platforms
| Features | Zerodha | Upstox |
| Subscription charges | Free | Free |
| Portfolio Details | Available | Available |
| Real-time Updates | Available | Available |
| Trade from Chart | Available | Available |
| Online MF Buying | Available | Available |
| Global Indices | Available | Available |
| Live Markets | Available | Available |
| SMS/Email Alerts | Available | Available |
Conclusion
In this article, we have covered all the aspects of Zerodha and Upstox, which will help you compare both trading platforms and decide which platform will be best for you. When comparing both, you can see that both are best on their own. There’s hardly any difference in terms of technology. It all depends on the customer whether they want to choose Zerodha or Upstox.
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