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Home Stock Market Zerodha vs Upstox - Which one is best?

Zerodha vs Upstox – Which one is best?

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Zerodha and Upstox are top online discount brokers in India. In this post, we will do side by side comparison of Zerodha and Upstox to find out which stock broker is best? The comparison would be based on features, brokerage, trading platform and other facilities.

Zerodha is best online discount broker. Zerodha is known for technology and fast trading platform. You can invest in equity, direct mutual funds and futures by using Zerodha platform. The intraday fees of Zerodha is Rs.20 per trade.

Upstox is fastest growing online discount broker. Upstox was previously known as RKSV securities. Upstox offers equity trading, derivatives trading, futures and options trading, and currency trading services. The intraday fee of Upstox is also Rs.20 per trade.

If you are planning to open a new trading account or planning to change from an existing stockbroker, here is comparison between Zerodha and Upstox.

Zerodha vs Upstox – Which one is best?

Zerodha

Zerodha is best online discount broker of India. Zerodha is famous for latest technology and lighting fast speed. Zerodha offers multiple trading platforms for trading such as Kite, Console, Coin etc. Key features of Zerodha are given below.

Zerodha Key Features

  • Delivery charges NIL and brokerage charge is very low.
  • Trading platform is very fast and equipped with latest technology.
  • Lot of historical data available with charting facility.
  • Multilingual platform support.
  • Multiple trading platform available on web as well as mobile.
  • Direct Mutual Funds Investment option available

Zerodha Charges

Category Fees
Equity Delivery Zero
Equity Intraday Trading Rs. 20 or 0.03% (whichever is lower)
Equity Options Flat Rs. 20 per executed order
Equity Futures Rs. 20 or 0.03% (whichever is lower)
Currency Options Rs. 20 or 0.03% (whichever is lower)
Commodity F&O Rs. 20 or 0.03% (whichever is lower)

Zerodha Account opening and AMC Charges

  • Zerodha Account opening charges – Rs.200 Trading and Demat Account & Rs.100 for commodity Account
  • AMC Charge – Rs.300 paid quarterly 

Zerodha Platforms

#1 Kite 

Zerodha Kite is ultra-fast trading platform made with advance technologies. You can make use of this platform on Android as well as iOS devices. Buying, selling, analyzing, and managing portfolio using Kite is very easy. 

#2 Coin 

Zerodha Coin is platform for buying direct mutual funds online. Zerodha coin provide unique investment experience. You can invest in mutual fund without commission. You can select any of the mutual funds from 40 fund houses. You can create, pause and modify your SIP anytime anywhere. It also accepts UPI based payment. 

Zerodha Pros

  • Delivery Charges are NIL.
  • Multiple Trading platforms available.
  • The training facility is for the beginner is available.
  • Investment in direct mutual funds allowed.
  • Flat brokerage and easy to understand pricing.
  • Manage all investments on a single platform.
  • Good Customer Support and Quick Resolution.

Zerodha Cons

  • You will not get any advisory facility on this platform.
  • The response of the platform is slow during peak hours.

Upstox

Upstox is one of the top discount broker in India. Upstox offers equity trading, derivatives trading, futures and options trading, and currency trading services. You can open 3-in-1 account and get an instant account transfer facility at Upstox. Key Features of Upstox are given below.

Upstox Key Features

  • Open Demat Account in a single day paperless and online
  • The facility of trade on the move using mobile app
  • Trading platform on desktop as well as mobile
  • Online Trading report and earning facility
  • Advanced Charting and Analysis Facility for professional traders
  • Technical analysis and data-rich user interface

Upstox Charges

Category Fees
Equity Delivery Trade Zero
Equity Intraday Trade Rs.20 per trade or 0.05% (whichever is lower)
F&O Trades Rs.20
Options Trades Rs.20 per lot
Currency Future Rs.20
Currency Options Rs.20 per lot

Account Opening and AMC Fees

Account Opening Charges – Rs.150

AMC Charges – Rs.300 per year

Upstox Platform

#1 Upstox Pro Web

The Upstox Pro Web is a very good trading platform. It allows you to trade on the web with flexibility and versatility. You require a desktop, laptop or mobile with a browser for using this platform.

Upstox Pro Web allows you to create five different workspaces on a single screen. In each workspace, you can add charts, quote panel, order book, watchlist, etc. You will get the facility of pinning stocks to the watchlist.

#2 Upstox Pro Mobile

Upstox Pro Mobile app is the best trading app that allows trading from anytime anywhere with ease and a lot of flexibility. You will require very good internet connectivity to use this app. Upstox Pro Mobile app is available for Andriod as well as iOS users.

Upstox Pros

  • Low Brokerage trading facility
  • Mobile trading platform free of cost
  • Basic as well as priority plan
  • Facility to invest in Mutual funds
  • After market order, cover order and bracket order available
  • Online IPO facility using UPI available

Upstox Cons

  • Call and trade fee is charged extra
  • Unlimited monthly trading plans not available
  • Stock tips and recommendation are not available
  • 24×7 Customer service not available
  • Upstox NRI Trading and demat account facility not available

Final Take away 

Zerodha and Upstox both are best online discount brokers. However, as per me Zerodha is far better when it comes to technology. You will get fast trading platform and low cost trading facility. You will also get facility to invest in direct mutual funds at Zerodha.

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