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
|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.
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.
You are free to trade on the Upstox Pro Web, Pro Mobile App.
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.
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
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.
Upstox Margin for Intraday
|Segment||Basic Plan||Priority Plan|
|Index Option Sell||4X||6X|
|Stock option Sell||4X||4X|
Margin in OC/OCO orders
|Index option sell||4x||5x|
|Stock option sell||4x||5x|
|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.
- 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.
# 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