NIFTY24,173.050.84%
SENSEX77,664.001.09%
BANKNIFTY56,305.001.43%
NIFTY IT30,124.301.22%
PHARMA22,986.352.36%
AUTO25,828.102.35%
FMCG51,140.500.11%
METAL12,786.250.82%
REALTY788.651.83%
ENERGY39,996.750.25%
NIFTY24,173.050.84%
SENSEX77,664.001.09%
BANKNIFTY56,305.001.43%
NIFTY IT30,124.301.22%
PHARMA22,986.352.36%
AUTO25,828.102.35%
FMCG51,140.500.11%
METAL12,786.250.82%
REALTY788.651.83%
ENERGY39,996.750.25%

Side-by-Side Compare Table

CategoryZerodhaUpstox
Basic Details
  • Broker Type: Discount broker
  • Founded: 2010
  • Broker Type: Discount broker
  • Founded: Legacy RKSV/Upstox retail broking entity
Charges & AMC
  • Trading and Demat Account Opening: Rs 0
  • Trading AMC: Rs 0
  • Account Opening: Rs 0
  • Demat AMC: Rs 150 per year (first-year concessions may apply in offers)
Brokerage
  • Equity Delivery: Rs 0
  • Equity Intraday: Flat Rs 20 or 0.03% (whichever is lower)
  • Equity Delivery: Rs 20 or 2.5% (whichever is lower)
  • Equity Intraday: Rs 20 or 0.05% (whichever is lower)
Other Charges
  • Statutory charges apply across segments: STT, exchange charges, GST, SEBI charges, stamp duty.
  • DP and depository-side transactional charges apply for applicable sell-side delivery flows.
  • Call and Trade: Rs 20 per executed order
  • Instant money transfer fee and physical statement fees may apply
Leverage (Margin)
  • Intraday leverage can go up to around 20x in selected contexts.
  • Margin remains subject to segment-wise risk and exchange rules.
  • Margin/leverage is segment specific and governed by exchange/risk policies.
  • Delivery generally follows full margin and intraday can provide lower upfront margins.
Features
  • Market-leading client base and volume share.
  • Transparent flat-fee pricing model.
  • Digital-first execution with mobile/web stack.
  • Strong derivatives support and low brokerage positioning.
Trading Platforms
  • Zerodha Kite (web and mobile)
  • Coin (mutual funds)
  • Upstox Pro web platform
  • Upstox mobile app
Reviews & Ratings
  • Widely regarded as one of the top discount brokers in India.
  • In this extract, no single combined numeric rating table is displayed.
  • Commonly viewed as low-cost, trader-friendly platform.
  • In this extract, no final single consolidated numeric rating table is shown.
Investment Options
  • Equity
  • F&O
  • Equity
  • F&O
Order Types Offered
  • Standard market, limit, and intraday order flows
  • Derivatives execution and strategy-linked tools via ecosystem partners
  • Standard market and limit orders
  • Delivery/intraday/F&O execution flows
Suitable For (Investor Type)
  • Investors seeking transparent low brokerage and direct MF investing.
  • Active traders preferring robust charting/tool ecosystem.
  • Cost-sensitive active traders.
  • App-first users who want strong F&O workflow.
Pros and Cons
  • Pros:
  • Zero delivery brokerage and low flat intraday/F&O fees.
  • Pros:
  • Competitive low-cost brokerage model.

Detailed Comparison

Basic Details

ZerodhaUpstox
  • Broker Type: Discount broker
  • Founded: 2010
  • SEBI Registration: INZ000031633
  • NSE Member Code: 13906
  • Net Worth: Rs 14374.75 Cr
  • Broker Type: Discount broker
  • Founded: Legacy RKSV/Upstox retail broking entity
  • SEBI Registration: INZ000315837
  • NSE Member Code: 13942
  • Net Worth: Rs 839.83 Cr

Charges & AMC

ZerodhaUpstox
  • Trading and Demat Account Opening: Rs 0
  • Trading AMC: Rs 0
  • Demat AMC: Rs 300 per year
  • Account Opening: Rs 0
  • Demat AMC: Rs 150 per year (first-year concessions may apply in offers)
  • App/web platform model with low-cost pricing

Brokerage

ZerodhaUpstox
  • Equity Delivery: Rs 0
  • Equity Intraday: Flat Rs 20 or 0.03% (whichever is lower)
  • Equity Futures: Flat Rs 20 or 0.03% (whichever is lower)
  • Equity Options: Flat Rs 20 per executed order
  • Mutual Funds (direct): Rs 0
  • Equity Delivery: Rs 20 or 2.5% (whichever is lower)
  • Equity Intraday: Rs 20 or 0.05% (whichever is lower)
  • Equity Futures: Rs 20 or 0.05% (whichever is lower)
  • Equity Options: Flat Rs 20 per order
  • Currency/Commodity: Similar low-cost flat-fee pattern as per segment tables

Other Charges

ZerodhaUpstox
  • Statutory charges apply across segments: STT, exchange charges, GST, SEBI charges, stamp duty.
  • DP and depository-side transactional charges apply for applicable sell-side delivery flows.
  • Call and Trade: Rs 20 per executed order
  • Instant money transfer fee and physical statement fees may apply
  • DP sell charges and statutory charges are additional

Leverage (Margin)

ZerodhaUpstox
  • Intraday leverage can go up to around 20x in selected contexts.
  • Margin remains subject to segment-wise risk and exchange rules.
  • Margin/leverage is segment specific and governed by exchange/risk policies.
  • Delivery generally follows full margin and intraday can provide lower upfront margins.

Features

ZerodhaUpstox
  • Market-leading client base and volume share.
  • Transparent flat-fee pricing model.
  • Strong ecosystem: Kite, Coin, Varsity, and partner tools.
  • Digital-first execution with mobile/web stack.
  • Strong derivatives support and low brokerage positioning.
  • Direct mutual fund access with zero commission.

Trading Platforms

ZerodhaUpstox
  • Zerodha Kite (web and mobile)
  • Coin (mutual funds)
  • Ecosystem tools: Streak, Sensibull, Smallcase, and more
  • Upstox Pro web platform
  • Upstox mobile app

Reviews & Ratings

ZerodhaUpstox
  • Widely regarded as one of the top discount brokers in India.
  • In this extract, no single combined numeric rating table is displayed.
  • Commonly viewed as low-cost, trader-friendly platform.
  • In this extract, no final single consolidated numeric rating table is shown.

Investment Options

ZerodhaUpstox
  • Equity
  • F&O
  • Currency and commodity
  • IPO, bonds, G-Secs
  • Direct mutual funds
  • Equity
  • F&O
  • Commodity
  • Currency
  • Mutual funds

Order Types Offered

ZerodhaUpstox
  • Standard market, limit, and intraday order flows
  • Derivatives execution and strategy-linked tools via ecosystem partners
  • Standard market and limit orders
  • Delivery/intraday/F&O execution flows
  • Call-and-trade assisted execution

Suitable For (Investor Type)

ZerodhaUpstox
  • Investors seeking transparent low brokerage and direct MF investing.
  • Active traders preferring robust charting/tool ecosystem.
  • Beginners and advanced users due to education plus platform depth.
  • Cost-sensitive active traders.
  • App-first users who want strong F&O workflow.
  • Investors needing discount pricing across major segments.

Pros and Cons

ZerodhaUpstox
  • Pros:
  • Zero delivery brokerage and low flat intraday/F&O fees.
  • Strong product ecosystem and technology maturity.
  • Trusted and transparent pricing structure.
  • Cons:
  • No branch-heavy assisted full-service model.
  • Some advanced workflows rely on external integrated tools.
  • Pros:
  • Competitive low-cost brokerage model.
  • Broad segment coverage across equity, derivatives, commodity, and currency.
  • Free account opening and strong digital onboarding.
  • Cons:
  • Assisted services add extra charges.
  • Some advanced full-service advisory expectations may not be met.

Final Note

Use this side-by-side comparison as a starting point and verify the latest brokerage and compliance details on official broker pages before taking decisions.

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