Zerodha Vs Upstox Review – March Update
As per the latest review done in February 2020, both Zerodha and Upstox are equally good in terms of features they offer. From the latest tools to free trade opportunities to education and well-organized customer support, Upstox offers everything its customers require. Zerodha provides its customers with an edge in decision-making and trading with unique trading tools and the latest technology. Though, Zerodha has more experience but Upstox is more flexible and economical. Upstox is for those, who are looking for more leverage at reasonable rates. All in all, Upstox is reviewed to be better than Zerodha following the comparison of two.
Zerodha Vs Upstox : Online trading and mutual funds are becoming very popular these days for investment. 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.
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 details about the requirements and charges of Zerodha vs Upstox and will make comparison between these two.
Zerodha Vs Upstox – Different Types of Charges
Below is the comparison of brokerage charges of Zerodha Vs Upstox:
Brokerage Charges For Zerodha Vs Upstox
|Comparison of Brokerage Charges||Zerodha||Upstox|
|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|
|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.
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. It basically depends upon users whether they want to go with Zerodha Vs Upstox as both are equally best.