📰 Join for the Latest Finance Updates → |
The first hard thing is to be courageous enough to invest in the stock market.
And when you decide to do that, the next challenge you face as an investor is looking for the best market stockbroker for your needs.
I know how time-consuming it is to decide which stockbroker to start with.
But don’t you worry! You’re at the right place.
I will help you to figure out the very question you have in your mind: Upstox vs Zerodha.
You would probably know that both Zerodha and Upstox are discount brokers, meaning they provide you with brokerage services at cheaper rates than full-service brokers.
Zerodha is considered the most significant discount broker in India, while on the other hand, while legendary Ratan Tata Sir backs Upstox.
So, which one to pick?
The only way to decide is to compare Upstox and Zerodha on various parameters, which will help you make an informed decision.
The parameters I decided to compare Zerodha and Upstox are:
- Upstox vs Zerodha Charges
- Upstox vs Zerodha Margin
- Upstox vs Zerodha Trading Platforms
- Upstox vs Zerodha Customer Support
- Upstox vs Zerodha Account Opening Process
- Upstox vs Zerodha Additional Features
Let’s discuss them one by one:
1. Upstox vs Zerodha Charges
Both Upstox and Zerodha have low brokerage fees.
Upstox charges a fixed fee of ₹ 20 per trade, irrespective of the trading volume.
Zerodha, on the other hand, charges ₹ 20 or 0.03% (whichever is lower) per executed order.
Regarding additional charges, Zerodha charges you ₹ 300 as a Demat AMC (account maintenance charge), while Upstox offers this free service.
🎉Winner ➤ It’s a tie as both brokers offer competitive pricing.
2. Upstox vs Zerodha Margin
For stock trading, both Zerodha and Upstox offer you up to 20% margin based on the stock.
It means that you get 5x leverage during trading stocks.
Let’s say you want to buy shares of a particular company for ₹ 1 lakh, but you don’t have that much money in your trading account.
In that case, if you have 20% (which is the margin) of 1 lakh, i.e., ₹ 20,000, then Zerodha and Upstox both let you buy shares for 1 lakh by giving you a loan of ₹ 80,000.
🎉Winner ➤ It’s a tie as both brokers offer the same margin.
3. Upstox vs Zerodha Trading Platforms
Upstox provides three trading platforms:
- Upstox Pro Web
- Upstox Pro Mobile
- Upstox API.
The Pro Web platform features a user-friendly interface, advanced charting capabilities, customizable watchlists, and more.
Pro Mobile is available on Android and iOS devices with live data in real-time, advanced charting options, and much more.
Finally, Upstox API enables developers to build custom trading apps.
Zerodha offers two trading platforms:
- Kite Web
- Kite Mobile
Kite Web is a web-based platform with many customizable features like sophisticated charting, a comprehensive dashboard, and much more.
Kite Mobile works on Android and iOS devices and provides real-time data, advanced charts, and much more for traders on the go.
🎉Winner ➤ It’s a tie as both brokers offer robust trading platforms.
4. Upstox vs Zerodha Customer Support
Upstox provides customer support via email, phone, or chat; however, there have been instances when customers experienced delays in addressing their questions.
Zerodha provides customer support through email, phone, and chat support options. Furthermore, they have extensive knowledge bases and community forums where customers can receive answers to their most frequent inquiries.
🎉Winner ➤ Zerodha has a slight edge as their knowledge base, and community forum are excellent customer resources.
5. Upstox vs Zerodha Account Opening Process
Upstox and Zerodha provide an entirely digital account opening process that can be completed within minutes.
All you have to do is fill out an online form, upload all necessary documents digitally, and then complete a video KYC check.
But, But, But…
Zerodha charges you ₹200 for the account opening process, while you can open a demat account for free with Upstox.
🎉Winner ➤ Well, both brokers offer a hassle-free account opening process, but if you want to open an account for free, then Upstox is for you.
6. Upstox vs Zerodha Additional Features
Both Upstox and Zerodha provide their clients with a range of features.
Zerodha’s suite includes Sentinel (a custom market alert program), Quant (a quantitative analysis tool), and many others.
Upstox allows clients to calculate margins, use its brokerage calculator, and even apply for an IPO.
🎉Winner ➤ Zerodha has a slight edge as their additional features are more comprehensive.
Upstox vs Zerodha Review(Table Comparison)
Parameters | Upstox | Zerodha |
Charges | Upstox charges a fixed fee of ₹ 20 per trade irrespective of the trading volume | Zerodha charges ₹ 20 or 0.03% (whichever is lower) per executed order. |
Margin | Upstox offers you up to 20% margin based on the stock | Zerodha also offers you up to 20% margin based on the stock |
Trading Platforms | Upstox provides 3 trading platforms: 1. Upstox Pro Web 2. Upstox Pro Mobile 3. Upstox API | Zerodha offers 2 trading platforms: 1. Kite Web 2. Kite Mobile |
Customer Support | Upstox provides customer support via email, phone or chat | Zerodha also provides customer support through email, phone or chat |
Account Opening Process | Zerodha charges you ₹200 for account opening process | Upstox doesn't charge any money for account opening process |
Additional Features | Zerodha's suite includes Sentinel , Quant, as well as many other. | Upstox allows clients to calculate margins, use its brokerage calculator, and even apply for an IPO |
Upstox vs Zerodha Review (Infographic)
📰 Join for the Latest Finance Updates → |
