Upstox vs Zerodha Comparison 2020: Find The Best Discount Broker in India

Upstox vs Zerodha Comparison 2020: Find The Best Discount Broker in India

Both Upstox 9RKVS) and Zerodha are the most preferred and prominent discount broker in India.  The delivery charges of the both are same that is Rs. 20 flat. And the charges of the intraday are zero that is the most important thing that stands out in the industry.

Both the brokers help you trade large volumes with a small amount with very low brokerage charges and you save a huge amount of sum accumulated, that is a crucial thing about them.

Picking one is little challenging because both are charges are same, Zerodha is established broker and is there in the market for many years, on the other hand, the services of Upstox is awesome and an emerging discount broker.

However, Zerodha is the first preference of the traders, whereas Upstox spreading its wing at a very fast pace.

Let’s discuss in detail which one is better for you so that you can choose one accordingly.

Before going to in detailed Zerodha vs Upstox 9RKSV) review lets discuss the main point here

Upstox Main Point

Upstox trade in stocks, equity F&O, Currency F&O, and Commodity F&O

Main Point Upstox Zerodha
Trade-in Stocks, Equity F&O, Currency F&O, and Commodity F&O Stocks, Equity F&O, Currency F&O, and Commodity F&O Bonds and Govt-securities
Brokerage Charges Comparision Upstox Basic Plan Zerodha Plan
Equity Delivery Rs. 0 Rs. 0
Equity Intraday, Futures, Option Rs. 20 or 0.05% whichever is lower Rs. 20 or 0.01% whichever is lower
Currency Futures, Option Rs. 20 per executed order or 0.05% whichever is lower Rs. 20 per executed order or 0.01% whichever is lower
Commodity Futures, Options Rs. 20 per executed order or 0.05% whichever is lower Rs. 20 per executed order or 0.01% whichever is lower
Charges for Call and Trade Rs 20 per order Rs 20 per order
Margin for Intraday Up to 20X Up to 12.5X
Account Opening Charges Upstox Zerodha
Demat Account Rs. 0 Charges for Demat & Trading account is clubbed Rs-200
Demat Account Rs. 200 Charges for Demat & Trading account is clubbed Rs-200
Demat AMC  Fees First-year Rs.100 second year onwards Rs.150 Rs. 300
Commodity Account Rs. 150 Rs. 100
Open your Account Today Open Free Upstox Account Open Zerodha Account

Details About Upstox Brokerage vs Zerodha Brokerage

Both Upstox (RKSV) and Zerodha brokerage charges are the same that are fix Rs. 20 per trade

If we talk about Upstox charges Lower Rs. 20 or 0.05% whichever is lower against per executed order. Whereas Zerodha brokerage charges lower Rs. 20 or 0.01% whichever is lower against per executed order.

If we talk about their (Upstox vs Zerodha ) Account Charges You can open the Upstox account free of cost from my special link, on the other hand, you need to pay Rs. 200 for opening the Zerodha account that is a major difference in account opening fee.

And one more difference in AMC annual maintenance charges for Upstox its Rs. 100 for the first year and Rs.  150 from the second year and onwards.

The Zerodha annual maintenance charges a little higher than Upstox that is Rs. 300 the 50% difference in their annual fee structure.

you can also start forex trading with upstox

Upstox (RKSV) Demat & Trading Account Review

Why Upstox is better than Zerodha we will discuss here in detail, Upstox is earlier known as RKSV securities, Its good for a trader who does high volume and looking high margins up to 20X, and low brokerage, for that person Uostox is a good platform for them.

If you are good at intraday-trading and want to use the margin no matter how much you trade you just pay Rs. 20 per trader irrespective of the trading volume. And it’s also good for people who do positional trading in terms of brokerage it’s a good trading platform for them.

Upstox is backed by Ratan Tata, GVK Davis, and Tiger Global, it’s a reliable company, you don,t need to worry your money is in safe hands. The Upstox helps to trade in Stocks, Futures & Option, Currency and Commodity trading, and the great thing about it you can use Upstox platform to invest in mutual funds schemes also.

open your free account today

You are free to trade on the Upstox Pro Web, Pro Mobile App.

Dartstock

Dartstock software enable you to smooth your trading experience, it helps you set time and sales filter, trend scanner. With the help of this tool, you can track future spreads, unusual volume tracker, R&S watch, Intraday recovery, and fall. The charting tool helps you to make the right decision on time.

Fox Trader

The Fox Trader helps you to analyze markets condition with multiple charting tools, it gives you one-touch trading technology that makes you trading life easy.

Fox Trader trading software helps you to analyze markets with different charting tools, help you to backtest, and live scanning 300+ studies with the help of 200+ conditions to test data that is an extraordinary thing to make the right decision.

Upstox (RKSV) Brokerage Charges

Trading Type Brokerage Charges for Basic Plan Brokerage Charges for Priority Plan
Equity Delivery Rs. 0 Rs. 0
Equity Intraday Rs. 20 or 0.05% per executed order whichever is lower Rs. 30 or 0.05% per executed order whichever is lower
Equity Futures Rs. 20 or 0.05% per executed order whichever is lower Rs. 30 or 0.05% per executed order whichever is lower
Currency Futures Rs. 20 or 0.05% per executed order whichever is lower Rs. 30 or 0.05% per executed order whichever is lower
Commodity Futures Rs. 20 or 0.05% per executed order whichever is lower Rs. 30 or 0.05% per executed order whichever is lower
Equity Option Rs. 20 per executed order Rs. 30 per executed order
Currency Option Rs. 20 per executed order Rs. 30 per executed order
Commodity Option Rs. 20 per executed order Rs. 30 per executed order

The Call and trade charges are Rs. 20 per order

Upstox Margin

You who are looking more leverage then Upstox is a better option for them. Its Priority trading pack is more suitable for people looking leverage and is an intraday trader.

Upstox charges a fixed amount per month for leverage that is 999 for equities, F&O, and CDS and for commodities its Rs. 400.

Start your trading journey with upstox

Upstox Margin for Intraday

Segment Basic Plan Priority Plan
NSE/BSE Cash 15X 20X
Index Futures 4X 6X
Stock Futures 4X 4X
Index Option Sell 4X 6X
Stock option Sell 4X 4X
NSE Currency 4X 4X
MCX Futures 2.5X 3X

Margin in OC/OCO orders

Segment Basic Priority Pack
Nse/Bse cash 20x 25x
Index futures 4x 7x
Stock futures 4x 6x
Index option sell 4x 5x
Stock option sell 4x 5x
Nse currency 4x 5x
Mcx futures 3x 4x
Nse option buy 1.33x 2x

Charges of Upstox of account opening

The account opening process of Upstox completely online using your Aadhaar card and PAN card.

The Upstox offer you a 3-in-1 account with Induind bank,

  • It’s a zero balance account
  • At the same time, you earn interest in the allocated funds from your savings account for trading.
  • The Demat and trading account is totally free.

In nutshell

  • Upstox Demat and Trading First-year AMC is Rs. 300
  • Upstox Commodity Trading Account is Rs. 150
  • Upstox Demat Annual Maintenance charges are Rs. 150 (2nd year onwards)

But if you open an account through my special link your account opening charges will be waived (limited time offer)

# Upstox Pro Web

Upstox Pro Web offers you great tools and assistance to make your buying or selling decision easier. These advanced features are API integration, algo trading, different charts, and different indicators.

These features help to do depth analysis of the market. The drag and drop facility of the indicator makes your process simple and easy to understand the market condition instantly. The 100+ indicators assist you smartly.

Pro Web is a browser-based trading technology that provides real-time data at a faster speed.

Furthermore, one-click buying and selling features do their work quickly.

related article forex trading

# what is Upstox NEST Trader Desktop

This feature is for professional an advance technology, that offers you desktop software with the help of this you can monitor the market, place orders, and help you buy and sell stocks in real-time.

Main features of NEST Trader

  • A customized interface
  • Low latency and enterprise-level stability
  • Multi-monitor view
  • And advance charting

These all the features help you in a big way to make your journey so simple and easy.

# Upstox Pro Mobile App

 Upstox Pro Mobile App application you get with all the features charting tools, and technical indicators.

You can install the app on your mobile without missing any news or trade.

For whom the Upstox account is best

If you are looking for an easy interface with advanced technology, and great benefits or entry-level trader or investor not only entry-level but also for veteran it’s an awesome tool with minimum brokerage charges that’s why the demand of discount broker compare to a full broker is increasing in recent years.

The pro app and technology offer you real data.

Pros of Upstox

  • No brokerage charges for delivery
  • Very fewer charges compare to a full broker
  • Awesome trading platform with indicators and charts
  • No Demat opening charges

Cons of Upstox

  • No direct access to make an investment in IPO and FPO

open free Upstox account today for a limited time period offer

Naresh Kumar

Hi, I am Naresh Kumar, Founder of guest blogging resources. I’m a professional blogger, freelance writer, I do products & Gadgets Reviews & all types of article writing.
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