Upstox⭐ 9.2/10
Zerodha⭐ 9.8/10Upstox vs Zerodha Comparison
Compare brokerage charges, trading platforms, technical features, pros, cons, and account opening times to see which Demat account is best for you.
Zerodha is the Clear Winner
Zerodha is the superior choice for most traders and investors due to its higher overall rating of 9.8/10 compared to Upstox's 9.2/10. Key strengths include Cleanest UI in the industry (Kite) and India's largest and most trusted discount stock broker..
📊 Charges & Pricing Comparison
| Fee / Segment | Upstox | Zerodha |
|---|---|---|
| Account Opening Fee | Free | Free |
| Account AMC (Annual) | Rs 150 / year | Rs 300 / year |
| Equity Delivery | Rs 20 or 0.1% | Rs 0 |
| Intraday Brokerage | Rs 20 or 0.05% | Rs 20 or 0.03% |
| Futures & Options | Rs 20 per order | Rs 20 per order |
| Commodity Trading | Rs 20 per order | Rs 20 per order |
| Other / DP Charges | Standard DP charges | DP charges Rs 15.93 per script |
| Account Opening Time | 10 Minutes | 10 Minutes |
💻 Trading Tools & Platforms
| Platform Feature | Upstox | Zerodha |
|---|---|---|
| Margin Trading (MTF) | ✅ Available | ✅ Available |
| Advisory & Tips | ❌ No | ❌ No |
| Trading API Access | ✅ Free API | ✅ Free API |
| Advanced Charts | ✅ Yes | ✅ Yes |
| Web Interface | Modern, fast, browser-based trading platform with TradingView charts. | Modern, fast, browser-based trading platform with TradingView charts. |
| Mobile Trading App | Highly rated mobile app available on iOS and Android with biometric login. | Highly rated mobile app available on iOS and Android with biometric login. |
Upstox Pros & Cons
Pros
- ✅ Backing of top investors
- ✅ Fast order execution
- ✅ Pro and Invest modes in app
Cons
- ❌ Customer support can be slow
- ❌ Delivery is not completely free
Zerodha Pros & Cons
Pros
- ✅ Cleanest UI in the industry (Kite)
- ✅ Zero brokerage on equity delivery
- ✅ Massive educational ecosystem (Varsity)
Cons
- ❌ No research tips or recommendations
- ❌ Occasional glitches on high volatility days
❓ FAQs: Upstox vs Zerodha
Which is cheaper between Upstox and Zerodha?
Upstox charges Rs 20 or 0.1% for delivery trades and Rs 20 or 0.05% for intraday, with an AMC of Rs 150 / year. Meanwhile, Zerodha charges Rs 0 for delivery and Rs 20 or 0.03% for intraday, with an AMC of Rs 300 / year. In terms of onboarding costs, Upstox is Free compared to Zerodha's Free.
Who has a better mobile app: Upstox or Zerodha?
Upstox's mobile app offers: "Highly rated mobile app available on iOS and Android with biometric login.". In comparison, Zerodha's mobile app offers: "Highly rated mobile app available on iOS and Android with biometric login.". If you require advanced charting tools directly on your phone, both platforms support TradingView integrations but execution layouts vary.
Is Upstox safer to use than Zerodha?
Both Upstox and Zerodha are SEBI-registered brokers regulated in India, meaning your shares are safely held with central government-backed depositories (NSDL/CDSL). However, Upstox has a rating of 9.2/10, reflecting their complaint ratio and client size, while Zerodha has a rating of 9.8/10.