Upstox vs Zerodha
In this post we’re going to review Upstox and Zerodha and which one has plans that best fit your needs and beat the market while at that.
Complete comparison table Upstox vs Zerodha
Upstox vs Zerodha full comparison table of features
|Feature for comparison||Zerodha||Upstox|
|Trading options available||Equity, futures and options, currency, commodity||Equity,futures, commodity, shares and others|
|Charges||Delivery free||Delivery free|
|Charges||intra day, futures and options Rs 20 or .03%||Intraday, futures and options Rs 20 or .05%|
|Margin||12/5x for intraday||25x for intraday|
|Account opening charges||Trading and demat Rs 200||Demat and trading account Rs 200|
|Annual maintenance fee for demat||Rs 300||Fir year 100 and second year onwards 150|
|Equity options||Rs 20 or .03%||Rs 30 or .05%|
|Equity delivery||Zero margin||Zero margin|
|Intraday||3 to 12.5||3 to 25x|
Upstox is a budget discount broker which is one among the first discount brokers in India. The array of options available for trading are truly limitless and that means there’s a lot for you to see and learn from.
There’s trading possible on a number of segments ranging from equities, to current, futures and options and others listed on Upstox Pro. Trading in Equity F&O, Equity Indra-day, Commodities and Currency Derivatives is available through Upstox Pro. UpStox Pro is the paid service of UpStox for traders.
With charting options it’s possible for you to see and track the rich features available. There’s analysis and other aspects that make trading very comfortable.
If you have a smartphone with web browser access you can place an order. The system is developed on the back of Omnisys NEST RMS>
The trading account is completely free to use with free equity delivery trading available.
For the average trader there are two plans for Upstox. Let’s go into further details regarding each plan on offer and see what are the differences between them and how they stack up against each other
The Upstox Basic Plan
With the basic plan you pay zero brokerage on equity delivery. You pay Rs 20 per trade on futures and options and on commodity and currency trading.
With basic trading features through equity delivery segment through their website and mobile app there are a bunch of options.
What’s the leverage available?
With the basic plan you get 20 times leverage on cash trading.
The next plan is Upstox priority pack
Upstox Priority Pack
With this plan you pay no premium on delivery trading and Rs 30 on equity f and 0 and on commodity and currency trading.
It’s a trading platform best suited if you’re a day trader actively involved in intra day and futures.
Get 25x leverage on cash segment trading.
Upstox Pro offers stock search, analyze, trade, and monitor stocks, currencies, F&O, and commodities.
For professional traders there’s a stock search option, monitoring price movements and F and 0 support.
With advanced technical analysis analyze stocks on chart types, user interface and different chart types.
What are the benefits
For a trader Upstox offers a number of benefits not easily found with other trading platforms.
Get free brokerage trading on delivery segments.
App available for both Android and iPhones.
Support for a number of different trades like bracket orders, after market orders, cover orders and one cancels other orders.
There’s also stop loss orders available.
With the developer console build and execute trading apps on Python.
With the option chain tool find out spot and future prices, compare rates and get open and low prices.
In addition to the above features as a customer it’s easy to measure volatility of the stocks, see open interest rates and you can also see performance of listed tickers as well.
The platform also opens up space to invest in thousands of different mutual fund accounts either as one time lumpsum or through SIP.
Next we will see how Zerodha compares to Upstox.
As you may have already guessed there are two types of stock brokers present in India. The first one full service and the second discount brokers.
Full service brokers offer a trading platform along with trading advisory
ICICI Direct is one of the oldest and most well-known full service brokers. Others belonging to the same category are Motilal Oswal and HDFC securities.
The flipside comes with a range of discount brokers competing head to head with full service brokers with minimum brokerage.
There’s no advisory service which is all good if you know what you’re doing.
The discount broker saves a ton of money otherwise spent paying brokerage fee and charges.
There’s also great performance, computerized trading and other facilities that you’re going to love and like.
Zerodha founded by Nithin Kamath is a discount broker in India that offers one of the biggest places for trading online.
The trading volume and customer base of 1 million plus clients makes it one of the most coveted trading hubs. Covering 10% of daily retail trading volume on NSE, BSE and mcx it’s not a simple broker.
It got the nse retail brokerage of the year award in 2019. And 2018
It got retail broker year of the award in 2017
What are the zerodha brokerage charges and fees?
Zerodha’s trading services buy and sell stocks, futures and options, trade in commodities and currency segments and more.
Here’s a list of charges to give you an idea of what you stand to pay:
The equity delivery segment on both NSE and BSE is free and costs 0 brokerage charges.
Intraday and futures and options cost either Rs 20 or .03% of executed order value whichever is lower.
Type Brokerage Charges
Equity Delivery Rs. 0
Equity Intraday Lower of Rs. 20 per executed order or 0.03%
Equity Futures Lower of Rs. 20 per executed order or 0.03%
Equity Options has a flat rate of Rs 20 per order
Currency F&O Rs. 20 per executed order or 0.03% whichever is lower
Commodity Rs. 20 per executed order or 0.03% of executed order value whichever is lower.
There’s also a brokerage calculator to give you additional ideas on what you can and cannot do.
Zerodha Account Opening Charges & AMC
Here are the account opening charges for Zerodha
With the equity trading account you pay Rs 200 for account opening
If you also need commodity trading enabled with it you pay Rs 100 more
If you want to trade with both equity and commodity you pay a total of Rs 300.
If you’re trading in stocks you also need a demat account both of which can be opened for Rs 200. There’s an annual maintenance charge of Rs 300 per year for your demat account.
Here are the supplemental features of the trading platform. There’s a full fledged trading terminal with apps for Android and iOS.
Kite 3.0 is the latest iteration of Zerodha’s flagship trading platform. It’s a clean UI that’s easy to navigate and use. The minimalistic approach combined with responsive and light platform integrates a mobile trading application as well. The application is so super light that the platform can run on a 2g connection. There’s extensive charting that helps you form analysis patterns you can chalk up the parameters by day and time.
Its a user friendly trading platform.
— Kite mobile
The mobile app is available on both android and ios devices.
Coin by Zerodha
Coin by Zerodha is the latest addition to the features Zerodha offers. Continuing in its trading of offering low cost brokerage services, Zerodha offers you additional savings on mutual fund investments.
Directly reach out asset management companies and buy out mutual funds. It’s free to use the platform. Zerodha doesn’t make you bear the brunt of commissions or other needless charges.
Zerodha coin lets you invest in mutual funds directly. The direct mutual funds gives you access to currency trading. You can also see the p and l and profits statements as well. You can either invest in a lump sum or as SIPs spread over a few years.
There are partner programs as well.
Smallcase: ’s an investment platform that allows you to separate your eggs into different baskets. The investments are sorted into intelligently defined categories.
Sensibull: An options trading platform that offers a safe option for investors to invest safely and profitably.
Zerodha also offers tons of resources to improve your financial literacy and become a great and big investor.
Zerodha Varsity: The Zerodha varsity is a platform for investors to learn and educate themselves on trading. Several modules on trading and technical analysis along with fundamentals insights into futures and options and materials aligned with improving one’s understanding of risk management are included.
Some people live and breathe the myth that brokerage is the only charge you need to pay. That’s far from the truth. Other than charges there are SEBI mandated fees that you must pay necessarily. You pay on exchange fees, you pay STT and sebi turnover charges along with GST.
These charges are uniform across stockbrokers you use cross country and that means these charges are also applicable whether you buy or sell. The charges apply to both ends of the spectrum. You pay 20 when you sell and you pay 20 when you buy shares.
Q: What documents are needed to open an account online?
A: When you’re opening a trading and demat account you need to provide proof of your identity.
Any of these documents work.
Your pan or aadhaar card
Uploaded copy of cancelled cheque
Scanned copy of signature
Income proof for f and o
Banak statement of 6 months
Q: What is the power of attorney (PoA)
A: When creating a demat account you must have come across a set of pages requiring your signature of power of attorney. What this does is make the broker debit shares from your account for you. If you want to sell shares you need power of attorney.
Q: How can I add money to my trading account?
A: There are several different ways to add money. I use zerodha and there’s an option within the portal to add money through a card transaction. You can also do an internet banking transaction to add money. Also add the broker as beneficiary to add money through NEFT, IMPS and RTGS>
Q: What are limit and market orders?
A: Limit orders are used to buy/sell stocks for a set price. As soon as the stock reaches that price, this order gets executed automatically.
Q: What is stop loss?
A: A stop loss order is initiated as soon as the stock crosses a set price. This is done to avoid heavy loss.
For instance let’s say you purchased a share at 100. You set the stop loss at 80 so that if there are any heavy moments and the share broaches Rs 80 it gets sold off immediately.
So Upstox vs Zerodha which is better?
Upstox and Zerodha both help you initiate your journey to the world of trading. You can easily invest and earn.
Both are discount brokers.
Both offer nearly identical Rs 20 per transaction charges. The margins are agreeable.
RSKV or Upstox is great for beginners and seasoned investors. With the basic plan you can initiate yourselves and look at the low-cost plan. With the Pro plan you get more number of features and get more insights into trading.