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Upstox vs Zerodha – Compare Charges, Trading Features, Offers & more

Find a Comparison of Upstox vs Zerodha here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Upstox and Zerodha.

Background

Year of Incorporation 2010 2010
Website https://upstox.com/ https://zerodha.com
Phone 022 - 41792999 080 4718 1888
Exchanges enabled NSE, BSE & MCX NSE, BSE, MCX-SX & MCX
Demat (NSDL/CDSL) CDSL CDSL
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 16 Lakhs Rs 2.4 Crores
Profit after Tax FY12/13 Rs 24 lakhs Rs 5.8 Crores
Profit after Tax FY13/14 Rs 68 Lakhs Rs 10.27 Crores
Profit after Tax FY 14/15 Rs 71 Lakhs Rs 10.58 Crores
Profit after Tax FY 15/16 Rs 73 Lakhs Rs 10.99 Crores
Profit after Tax FY 16/17 Rs 77 Lakhs Rs 11.02 Crores
Profit after Tax FY 17/18 Rs 80 Lakhs Rs 11.36 Crores
Profit after Tax FY 18/19 Rs 86 Lakhs Rs 11.75 Crores
Profit after Tax FY 19/20 Rs 88 Lakhs Rs 11.98 Crores
Profit after Tax FY 20/21 Rs 92 Lakhs Rs 12.13 Crores
Profit after Tax FY 21/22 Rs 95 Lakhs Rs 12.38 Crores
Profit after Tax FY 22/23 Rs 97 Lakhs Rs 12.87 Crores
Debt FY11/12 0 0
Debt FY12/13 0 0
Debt FY13/14 Rs 1.38 Crores 0
Debt FY14/15 Rs 1.77 Crores Rs 4.45 Crores
Debt FY15/16 Rs 2.13 Crores Rs 4.88 Crores
Debt FY16/17 Rs 2.44 Crores Rs 5.22 Crores
Debt FY17/18 Rs 2.87 Crores Rs 5.68 Crores
Debt FY18/19 Rs 3.11 Crores Rs 6.25 Crores
Debt FY19/20 Rs 3.56 Crores Rs 5.87 Crores
Debt FY20/21 Rs 3.91 Crores Rs 6.11 Crores
Debt FY21/22 Rs 4.18 Crores Rs 6.47 Crores
Debt FY22/23 Rs 4.40 Crores Rs 6.98 Crores
Profit to Equity(%) FY11/12 3.48 152
Profit to Equity(%) FY12/13 5.10 244
Profit to Equity(%) FY13/14 13.73 147
Profit to Equity(%) FY14/15 15.70 187
Profit to Equity(%) FY15/16 16.22 202
Profit to Equity(%) FY16/17 16.87 223
Profit to Equity(%) FY17/18 17.42 245
Profit to Equity(%) FY18/19 17.99 278
Profit to Equity(%) FY19/20 18.54 292
Profit to Equity(%) FY20/21 19.01 311
Profit to Equity(%) FY21/22 21.58 341
Profit to Equity(%) FY22/23 22.15 364
Balance Sheet Size FY11/12 Rs 6.23 Crores Rs 25.4 Crores
Balance Sheet Size FY12/13 Rs 15.10 Crores Rs 64.5 Crores
Balance Sheet Size FY13/14 Rs 27.97 Crores Rs 111.1 Crores
Balance Sheet Size FY14/15 Rs 28.78 Crores Rs 112.18 Crores
Balance Sheet Size FY15/16 Rs 29.94 Crores Rs 112.98 Crores
Balance Sheet Size FY16/17 Rs 30.25 Crores Rs 113.44 Crores
Balance Sheet Size FY17/18 Rs 31.87 Crores Rs 114.87 Crores
Balance Sheet Size FY18/19 Rs 32.55 Crores Rs 116.55 Crores
Balance Sheet Size FY19/20 Rs 33.90 Crores Rs 119.22 Crores
Balance Sheet Size FY20/21 Rs 34.52 Crores Rs 120.63 Crores
Balance Sheet Size FY21/22 Rs 35.55 Crores Rs 121.16 Crores
Balance Sheet Size FY22/23 Rs 36.10 Crores Rs 122.10 Crores
Brokerage

Equity Rs 20/executed order per intraday equity, Equity delivery free zero brokerage
Equity Futures Rs 20/executed order Rs 20 per order
Equity Options Rs 20/executed order Rs 20 per order
Currency Futures Rs 20/executed order Rs 20 per order
Currency Options Rs 20/executed order Rs 20 per order
Commodity Rs 20/executed order Rs 20 per order
Account Opening Costs

Trading only Rs 250 Free
Trading & Demat Rs 460 Free
Commodity Rs 250 Free
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.0035% on Turnover 0.00325% on Turnover
Futures 0.0021% on Turnover 0.0021% on Contract Turnover
Options 0.059% on Premium Turnover 0.053% on Premium Turnover
Commodities 0.0036% on Turnover 0.0031% on Contract turnover
AMC charge Trading: 0, Rs 400/year for Demat Trading: 0, Demat: Rs 300/year
DP Transaction Charge Rs 22/debit transaction Rs 14 per debit instruction
Offline order placing Charge Rs 25/order placed on the phone Rs 20 per executed order
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 days 365 days on Zerodha Pi
End of Day 10 years 10 years on Zerodha Pi
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 20 times for intraday, 0 for delivery Upto 20 times intraday, 0 for Delivery
Equity Futures Upto 4 times for intraday Upto 7 times intraday leverage
Equity Options Buying no leverage, shorting upto 4 times for intraday Buying no leverage, Shorting upto 7 times leverage intrdaday
Currency Futures Upto 4 times for intraday 2 times intraday leverage
Currency Options Buying no leverage, shorting upto 4 times for intraday Buying no leverage, Shorting upto 2 times intraday leverage
Commodity Upto 3 times for intraday 2.5 times intraday leverage
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
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Frequently Asked Questions

Is Upstox better than Zerodha ?

Upstox and Zerodha are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Zerodha better than Upstox ?

Upstox and Zerodha are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Upstox cheaper than Zerodha ?

Upstox and Zerodha are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is Zerodha cheaper than Upstox ?

Upstox and Zerodha are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Upstox vs. Zerodha ?

To find out the better of the two stockbrokers Upstox and Zerodha, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.