Zerodha Vs Upstox Review – May Update
As per the latest review conducted, both Zerodha Vs Upstox are quite similar in terms of features they offer. From the latest tools to free trade opportunities to education and well-organized customer support, Zerodha offers everything its customers require. In addition to some customer friendly tools, it leverages its customers in decision-making and facilitates them to trade using the latest technology. Since Zerodha has more experience in broking business it knows the mindset of the investors. Hence, the services of Zerodha are more flexible and economical. All in all, Zerodha is reviewed to be better than Upstox based on the facts discussed.
Zerodha Vs Upstox : Many may think, this is just impossible. But trust me, smart work is the key to be successful. You may see a lot of successful people who spend most of the time with families or pursing their hobby but are still much richer than you.
And you might put in your day and night for work, but still end up on getting peanuts.
This is where, investment comes into play. When you invest in shares and mutual funds, you do not need to work hard. You need to invest your money and reap returns by doing nothing.
Shares are documents that give you entitlement to your ownership in the company. This investment helps you to generate dividend income, which is tax free and also provides you the benefit of appreciation in the value of your share.
Mutual funds are instruments where people who have expert knowledge about shares and stock market and invest on your behalf and pay you dividend regularly and the appreciation of unit value of mutual fund is enjoyed by you.
In order to invest in mutual funds and perform trading, one needs to have a demat account and a trading account.
Demat account or dematerialized account is an account that facilitates the customers to hold shares and securities in the electronic format. Demat account keeps hold of all the investments done by a customer in the form of shares, mutual funds, exchange trading funds or government securities.
Check out the list of Best Demat Account In India in 2020.
The Million-dollar question is, “With which broking house should you open your Demat account?”. Well, to answer this we have analyzed the best of the best broking houses and helped you compare the both based on various parameters.
Zerodha Vs Upstox – Different Types of Charges
Online trading account is an account which is needed to perform all the trading activities with the help of unique trading id provided to each customer having trading account. I will share the insights and details about Zerodha vs Upstox, that will help you compare both on some major grounds.
Below is the comparison of brokerage charges of Zerodha Vs Upstox:
Brokerage Charges For Zerodha Vs Upstox
| Comparison of Brokerage Charges | Zerodha | Upstox |
| Equity Delivery | Free | Free |
| Equity Intraday | Rs 20 or 0.01% whichever amount is lower | Rs 20 or 0.01% whichever amount is lower |
| Equity Features | Rs 20 or 0.01% whichever amount is lower | Flat Fee Rs. 20 |
| Equity Options | Flat Fee Rs. 20 | Flat Fee Rs. 20 |
| Currency Futures | Rs 20 or 0.01% whichever amount is lower | Flat Fee Rs. 20 |
| Currency Options | Flat Fee Rs. 20 | Flat Fee Rs. 20 |
| Commodity Trading | Flat Fee Rs. 20 | Flat Fee Rs. 20 |
| Minimum Brokerage | NIL | NIL |
| Call and Trade Charges | Rs 20 For Every Executable Order | Rs 20 For Every Executable Order |
Zerodha Vs Upstox : Account Opening Charges
| Comparison of Account Opening Charges | Zerodha | Upstox |
| Trading Account Opening Charges (One Time) | Rs. 200 | Rs. 150 |
| Trading Annual Maintenance Charges | Rs. 0 | Rs. 0 |
| Demat Account Opening Charges (One Time) | Rs. 100 | Rs. 0 |
| Demat Account Annual Maintenance Charges | Rs. 300 | Rs. 150 |
Zerodha Vs Upstox : Other Charges
| Comparison of Other Charges | Zerodha | Upstox |
| Transaction Charges | 0.00325% of Total Turnover | 0.00275% of Total Turnover |
| STT | 0.0126% of Total Turnover | 0.0126% of Total Turnover |
| SEBI Turnover Charges | 0.0002% of Total Turnover | 0.0002% of Total Turnover |
| GST | 18% of (Transaction and Brokerage Charges) | 18% of (Transaction and Brokerage Charges) |
Zerodha Vs Upstox – Benefits
Both Zerodha Vs Upstox have many advantages and below is the comparison of the advantages offered by these two:
| Comparison of Benefits | Zerodha | Upstox |
| Trading Platforms | Zerodha has trading platforms such as Coin, Streak, GoldenPi, Varsity, Smallcase, Console, and Sensibull. | Upstox Pro Web has Trading Platforms such as Coin, Streak, GoldenPi, Varsity, Smallcase, Console, and Sensibull. |
| Mobile Trading App | Zerodha Kite 3 mobile App is available for both active and passive day traders | Upstox has a mobile trading App which can be downloaded on Android and iOS without any charges. |
| Brokerage Charges | Brokerage charges of 0.01% are applied, which is far less than that charged by ICICI Direct. | There are no brokerage charges in Upstox for trading in the equity delivery segment. |
| Brokerage Plans | Zerodha offers ‘Pay as you go’ Brokerage Plans and has no prepaid brokerage plans. | Upstox offers priority brokerage package for those customers who need high leverage. |
| Developer Console | Zerodha has no developer console to build own trading App. | Upstox provides the Developer Console that can be used to create trading App with the help of languages e.g. Python. |
| Mutual Funds | Zerodha has Coin which offers a direct investment platform for its users with Zero brokerage on mutual funds. | Upstox Mutual Fund platform allows its customers to select either SIP or Lump sum to make investments in mutual funds. |
| Margin Against Share | The Margin Against Share is available in Zerodha. | Margin Against Shares is available in Upstox. |
The Best Trading Platform Of Zerodha Vs Upstox
Both Zerodha and Upstox provide various trading platforms for their users to make trading easy.
Zerodha has Kite 3.0 as the best discount brokers platform for users to buy and sell shares. Kite 3.0 helps its investors to optimize their trading performance. It is user-friendly and works best in web browsers. Moreover, Zerodha is doing its best by updating Kite 3.0 by adding more features regularly.
Check Complete Article About Zerodha Trading Platform.
On the other side, the Upstox Pro Web is the best trading platform in India which is provided by Upstox. It has various advanced features such as API integrations, Algo trading, and technical indicators. Pro web helps its users to get better understanding about the market and perform in-depth analysis that ultimately helps in trading well.
Check Complete Article About Upstox Trading Platform.
Zerodha Vs Upstox – Technical Analysis
On comparing Zerodha vs Upstox, one might feel that Upstox is better, however the investor friendly interface of Zerodha provides complete information just on a click. The summary report as well as the detailed reports are easily available without waiting for much processing time. This helps the investor with the timely information about his portfolio and can take quick decisions.
Zerodha has a team of experts that provide firsthand tips on the stocks that might shoot up based on their research. Also, if the stock you have in your portfolio is about to decline, they give you an alert to sell your stock. They provide you with timely information, however, the final decision to buy or sell would still remain with you. These tips can help you earn a lot by just following the tips, though you need to be sure before you invest.
It’s Your Turn Now!
On comparing Zerodha Vs Upstox, it is clear that both are equally good. The brokerage charges for both are the same as Rs 20 per trade maximum. Both are discount brokers and having an equal rating that is 4.5 out of 5. The annual maintenance charges are a bit higher for Zerodha for both trading account as well as the Demat account.
Upstox provides multiple plans while Zerodha does not. Zerodha on the one side gives its clients an edge in decision making and trading with the help of its unique trading tools while Upstox on the other side provides its clients everything they need with the help of free trade opportunities and innovative tools. Overall, both are best in their places and giving their best to their customers. However, if I had to decide to go with one of the broking house, it would have been Zerodha without a second thought as it helps with investing decisions and helps to earn far more by their well-researched tips.
CA Kathit Parikh
CA Kathit Parikh is a young Chartered Accountant and a passionate content writer. Having an experience of working in one of the Big 4, he understands business and processes well. He have been investing in markets since 2015 and has expertise in analysing the business and profitability of various companies.