Find a Comparison of Zerodha vs Upstox 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 Zerodha and Upstox.
| Year of Incorporation | 2010 | 2010 |
| Website | https://zerodha.com | https://upstox.com/ |
| Phone | 080-4718-1888 | 022-41792999 |
| Exchanges enabled | NSE, BSE, MCX-SX & MCX | NSE, BSE & MCX |
| Demat (NSDL/CDSL) | CDSL | CDSL |
| Equity | Rs 0 on Delivery & Rs 20 on Intraday | Rs 20 or 0.05% on Intraday & Rs 20 or 2.5% on Delivery |
| Equity Futures | Rs 20 or 0.03% (whichever is lower) per executed order | Rs 20 or 0.05% per executed order |
| Equity Options | Rs 20 per order | Rs 20 or 0.05% per executed order |
| Currency Futures | Rs 20 or 0.03% (whichever is lower) per executed order | Rs 20 or 0.05% per executed order |
| Currency Options | Rs 20 per order | Rs. 20 per lot |
| Commodity | Rs 20 per order | Rs 20 per executed order |
| Trading only | Free | Free |
| Trading & Demat | Free | Zero |
| Commodity | Free | Zero |
Double check on if you are paying much higher other/turnover costs, make sure to compare
| Equity | 0.00325% on Turnover | 0.0035% on Turnover |
| Futures | 0.0021% on Contract Turnover | 0.0021% on Turnover |
| Options | 0.053% on Premium Turnover | 0.059% on Premium Turnover |
| Commodities | 0.0031% on Contract turnover | 0.0036% on Turnover |
| AMC charge | Rs 300/year | Zero |
| DP Transaction Charge | Rs 13 per debit instruction | Rs 18.5 per debit transaction |
| Offline order placing Charge | Rs 20 per executed order | Rs 25 per order placed on the phone |
| Software |  |
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| Web/HTML 5 | |
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| Mobile | |
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| Intraday | 365 days on Zerodha Pi | 22 days |
| End of Day | 10 years on Zerodha Pi | 10 years |
| Coding/Backtesting | |
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| Online Trade Reports | |
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| Online PNL Reports | |
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| Online Contract Notes | |
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Leverage Provided
| Equity | 20x intraday | Upto 5x on Intraday and Upto 1x on Delivery |
| Equity Futures | Upto 7x intraday leverage | Upto 4x for intraday |
| Equity Options | Buying no leverage, Shorting upto 7x leverage intrdaday | Buying no leverage, shorting upto 4x for intraday |
| Currency Futures | 2x intraday leverage | Upto 4x for intraday |
| Currency Options | Buying no leverage, Shorting upto 2x intraday leverage | Buying no leverage, shorting upto 4x for intraday |
| Commodity | 2.5x intraday leverage | Upto 3x for intraday |
| Research & Tips | |
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| Brokerage Calculator | |
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| Margin Calculator | |
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| Bracket orders & Trailing Stoploss | |
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| Training & Education | |
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| 3 in 1 Account | |
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| Instant Fund withdrawal | |
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| Relationship Managers | |
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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 150.4 Crores | 0 |
| Profit after Tax FY12/13 | Rs 175.8 Crores | 0 |
| Profit after Tax FY13/14 | Rs 214.27 Crores | 0 |
| Profit after Tax FY 14/15 | Rs 365.58 Crores | 0 |
| Profit after Tax FY 15/16 | Rs 440.99 Crores | 0 |
| Profit after Tax FY 16/17 | Rs 511.02 Crores | 0 |
| Profit after Tax FY 17/18 | Rs 645.36 Crores | 0 |
| Profit after Tax FY 18/19 | Rs 815.75 Crores | 0 |
| Profit after Tax FY 19/20 | Rs 599.98 Crores | 0 |
| Profit after Tax FY 20/21 | Rs 622.13 Crores | 0 |
| Profit after Tax FY 21/22 | Rs 1,122.38 Crores | 0 |
| Profit after Tax FY 22/23 | Rs 2,094.87 Crores | Rs 25 Crores |
| Debt FY11/12 | 0 | 0 |
| Debt FY12/13 | 0 | 0 |
| Debt FY13/14 | 0 | Rs 15.38 Crores |
| Debt FY14/15 | Rs 4.45 Crores | Rs 25.77 Crores |
| Debt FY15/16 | Rs 4.88 Crores | Rs 52.13 Crores |
| Debt FY16/17 | Rs 5.22 Crores | Rs 108.44 Crores |
| Debt FY17/18 | Rs 5.68 Crores | Rs 112.87 Crores |
| Debt FY18/19 | Rs 6.25 Crores | Rs 143.11 Crores |
| Debt FY19/20 | Rs 5.87 Crores | Rs 193.56 Crores |
| Debt FY20/21 | Rs 6.11 Crores | Rs 283.91 Crores |
| Debt FY21/22 | Rs 6.47 Crores | Rs 374.18 Crores |
| Debt FY22/23 | Rs 6.98 Crores | Rs 439.40 Crores |
| Profit to Equity(%) FY11/12 | 19% | 0 |
| Profit to Equity(%) FY12/13 | 24% | 0 |
| Profit to Equity(%) FY13/14 | 21% | 0 |
| Profit to Equity(%) FY14/15 | 21% | 0 |
| Profit to Equity(%) FY15/16 | 23% | 0 |
| Profit to Equity(%) FY16/17 | 26% | 0 |
| Profit to Equity(%) FY17/18 | 28% | 0 |
| Profit to Equity(%) FY18/19 | 29% | 1.99% |
| Profit to Equity(%) FY19/20 | 33% | 6.54% |
| Profit to Equity(%) FY20/21 | 28% | 8.01% |
| Profit to Equity(%) FY21/22 | 29% | 10.58% |
| Profit to Equity(%) FY22/23 | 29% | 11.15% |
| Balance Sheet Size FY11/12 | Rs 1225.4 Crores | Rs 2316.23 Crores |
| Balance Sheet Size FY12/13 | Rs 1864.5 Crores | Rs 2825.10 Crores |
| Balance Sheet Size FY13/14 | Rs 2511.1 Crores | Rs 3532.97 Crores |
| Balance Sheet Size FY14/15 | Rs 5288.18 Crores | Rs 4248.78 Crores |
| Balance Sheet Size FY15/16 | Rs 6512.98 Crores | Rs 4349.94 Crores |
| Balance Sheet Size FY16/17 | Rs 8459.44 Crores | Rs 4550.25 Crores |
| Balance Sheet Size FY17/18 | Rs 9,114.87 Crores | Rs 4858.87 Crores |
| Balance Sheet Size FY18/19 | Rs 9,816.55 Crores | Rs 5163.55 Crores |
| Balance Sheet Size FY19/20 | Rs 10,719.22 Crores | Rs 5375.90 Crores |
| Balance Sheet Size FY20/21 | Rs 11,920.63 Crores | Rs 5889.52 Crores |
| Balance Sheet Size FY21/22 | Rs 12,721.16 Crores | Rs 6005.55 Crores |
| Balance Sheet Size FY22/23 | Rs 15,322.10 Crores | Rs 6316.10 Crores |
Zerodha Securities and Upstox are both discount broker companies. Thus, to determine which is a better stockbroker, we need to examine details such as brokerage charges, account opening fees, trading platforms, and more.
Yes, both Zerodha Securities and Upstox provide mobile trading apps for better user interface and seamless trading experience.
The account opening charges by brokers Zerodha and Upstox for both trading and demat are zero. Charges may vary, kindly read the above comparison.
Both Zerodha and Upstox are SEBI-registered brokers with good reputations. Zerodha is known for its trading platforms, while Upstox is praised for cost-effective pricing.
Yes, both Zerodha and Upstox offer margin trading facilities. However, terms, interest rates, and leverage limits vary, so reviewing their policies is essential.
