Zerodha vs Upstox: which one to choose
✍ Account opening
✍ Account Maintainance charges
✍ Margin
✍ Auto square off : timings and charges
✍ Zerodha vs Upstox investment options provided
✍ Zerodha Vs Upstox Order Type Offered
✍ Zerodha Vs Upstox features
✍ pdf to download
Zerodha and Upstox are leading stock brokers of india. Both have a good customer base and provide good facilities to the trader. But every trader have have different needs and expectations from the trading software and these two brokers also differ in most of there features like extent of leverage provided, brokerage etc. So, in this article, we will be comparing zerodha with upstox based on such factors so that you may choose the one which is more suitable for you.
Account opening
Zerodha and Upstox differ very much in providing there account opening services. Zerodha account opening offers are somewhat simple and options are based on the type of account i.e. wetheryou want to open an demat account only to trade equity , Futures and Options , currency or you also want to trade commodities as well.Rather upstox have come up with a very new concept recently , they are providing you different price ranges for your demat account opening.Each opening price provide you some brokerage balance which will be adjusted when you will trade. For example, in the plan of rs.499, you will get 1000 as your brokerage balance.It means that you will not be charged any brokerage fee till the sum of your brokerage reach rs 1000. though there are some more condition which you will understand after reading the brokerage section.
Zerodha account opening chages | Upstox account opening charges |
---|---|
zerodha charges 200 for demat account opening | pay 249 and get 400(30 day validity)
pay 499 and get 1000(45 day validity) pay 999 and get 2500(60 day validity) |
300 for equity + commodity account | 150 |
Account Maintainance charges
Zerodha | Upstox | |
---|---|---|
individuals | Rs. 300 + 18% GST | Rs. 300 + 18% GST |
For partnership and LLP accounts | Rs. 300 +18% GST | " |
For corporate accounts | Rs. 1000 + 18% GST | " |
In Zerodha, AMC is charged per quarter (at applicable AMC charges divided by 4) i.e. every three months starting from the date of account opening.
In Upstox, AMC is charged per month (at applicable AMC charges divided by 12 i.e Rs. 25 per month)
Zerodha vs upstox : Brokerage
Brokerage is the money charged by your stock broker when you make some trade. It is different for every broker as it not something that is fixed by the government like taxes like STT you pay for making trades.To understand more about Brokerage in Hindi, you can visit the following link - Brokerage meaning in hindi
Before moving forward, you should know about what does Basic and Priority plans in Upstox mean
These are two brokerage plans being offered by Upstox.The basic plan will cost you less brokerage while priority plan will cost you more brokerage charges than that of basic plan.
You might wonder if why people will choose the priority plan than, the reason is that with priority plan , Upstox will provide you more leverage/margin for trading as compared to it's basic plan. If you are someone who wants to dive into Margin trading, than you have got the choices to choose from.
NOTE : You can change your brokerage plans whenever required
These are two brokerage plans being offered by Upstox.The basic plan will cost you less brokerage while priority plan will cost you more brokerage charges than that of basic plan.
You might wonder if why people will choose the priority plan than, the reason is that with priority plan , Upstox will provide you more leverage/margin for trading as compared to it's basic plan. If you are someone who wants to dive into Margin trading, than you have got the choices to choose from.
NOTE : You can change your brokerage plans whenever required
Zerodha | Upstox | ||
---|---|---|---|
Basic plan | Priority plan | ||
Equity Delivery | Zero Brokerage | Zero | Zero |
Equity Intraday & Futures | 0.03% or Rs. 20 per executed order
whichever is lower |
0.05% or Rs. 20 per executed order
whichever is lower |
0.1% or Rs. 30 per executed order
whichever is lower |
EQUITY OPTIONS | Flat Rs. 20 per executed order | Flat Rs. 20 per executed order | Flat Rs. 20 per executed order |
COMMODITY F&O | 0.03% or Rs. 20/executed order whichever is lower |
Zerodha vs upstox : Margin
In very simple terms, Margin is the cash which is used to buy securities like stocks. Most of the stock-brokers provide you the Margin from their pocket to you to make the trade if you want to. They do not charge any interest on it and neither they share your profits nor losses. They only demand their money back after the trade. Though it is good topic to discuss in itself and if you want to get familiar with it, just go and read about what is Margin Trading.
Remember that both the stock brokers provide Margin only for intraday trades.
Following table shows the Margin provided by these brokers under their different plans in different order types.
Zerodha | Upstox | ||
---|---|---|---|
Basic plan | Priority plan | ||
Equity Delivery | 1x (no margin) | 1x (no margin) | 1x (no margin) |
Equity Intraday | Upto 20X | 15x | 20X |
Equity F&O | 3.33X (30% of NRML margins) |
3X | 3X |
Currency F&O | (50% of NRML margins) | 4X | 4X |
Commodity futures | (50% of NRML margins) | 2.5X | 3X |
Above table represented the Margins provided under MIS trades, but if you trade with CO/BO features, both brokers will provide you more Margin.So you should also check the following table.
Zerodha | Upstox | ||
---|---|---|---|
Basic plan | Priority plan | ||
Equity Delivery | 1x (no margin) | 1x (no margin) | 1x (no margin) |
Equity Intraday | Upto 20X | 20x | 25X |
Equity FUTURES | 3.33X (30% of NRML margins) |
5X | 6X |
Equity OPTIONS | 3.33X (30% of NRML margins) |
3X | 3X |
Currency F&O | 3.33X (30% of NRML margins) |
4X | 5X |
Commodity futures | 3.33X (30% of NRML margins) |
3X | 4X |
Auto square off : timings and charges
When you perform an intraday trading and in case you forget to exit that trade before a specified time, than the trading software will exit the trade by itself which we call as Call and trade service. Brokers charge an extra amount for this Call and trade service. Following table provides you the time limits for your intraday trading limits in both brokers and amount they charge for their call and trade service.Zerodha | Upstox | |
---|---|---|
MIS/BO/CO orders for equity and F&O | 3:20 p.m | 3:15 p.m |
Currency derivatives | 4:45 p.m. | 4:45 p.m. |
MCX | 11.05 PM | 11 p.m. |
Auto square-off(Call and trade) charges | Rs 50(+GST) per order | Rs. 20 (Plus GST of 18%) per order |
Zerodha vs Upstox investment options provided
Though when you are novice to stock market, you might be knowing about only this trading option but you should know that there are many more online investment options like Bitcoin,Bonds,Forex market,Commodities etc.Following table covers this topic, wether the given trading option is available or not on the given Trading platform.Zerodha | Upstox | |
---|---|---|
Stock / Equity | ✅ | ✅ |
Commodity | ✅ | ✅ |
Currency | ✅ | ✅ |
Mutual Funds | ✅ | ✅ |
Initial Public Offers (IPO) | ✅ | ✅ |
Bond / NCD | ✅ | ❌ |
Debt | ❌ | ❌ |
Zerodha Vs Upstox Order Type Offered
There are many types of orders that a trading platform provides you to make your trade.Obviously, every type of order is unique from the other in one or other way.These orders are differentiated by there timing of trades , stop-loss features etc. It may be possible that you may not be aware about all of them, so before making comparison , a brief about every type is discussed below:- Bracket Order(BO) : In Bracket Order You have trialing Stop Loss option, You have provision to mention Target Price and You have provision to enter the trade through a Limit Order (No slippage)
- Cover Order(CO) : But cover orders work even if internet gets disconnected or you log off/switch off your trading system. Bracket Orders wont work in such cases, you need to be logged on, in order for it to work.Remaining all are same between Cover Order and Bracket Order, with respect to the logic how it functions.
- After Market Order(AMO) : AMO is an advance order that allows traders to place buy/sell orders after regular market hours. In other words, an AMO is similar to a normal order with the exception that it is placed after regular market hours
- Sell Today Buy Tomorrow (STBT) : Sell Today Buy Tomorrow. It means that the trader sells the stock today and purchases it back on the next day
- Buy Today Sell Tomorrow (BTST) : It is a facility offered by most of the stock brokers where you can buy stock today and sell it tomorrow before you get the delivery of the shares.
- Good Till Cancelled (GTC) : It is an order to buy or sell a stock that lasts until the order is completed or cancelled. Brokerage firms typically limit the length of time an investor can leave a GTC order open. This time frame may vary from broker to broker.
Zerodha | Upstox | |
---|---|---|
Cover Order | ✅ | ✅ |
Bracket Order | ✅ | ✅ |
After Market Order(AMO) | ✅ | ✅ |
Sell Today Buy Tomorrow (STBT) | ❌ | ❌ |
Buy Today Sell Tomorrow (BTST) | ✅ | ✅ |
Good Till Cancelled (GTC) | ✅ named as GTT in zerodha(equivalent of GTC) |
❌ |
Zerodha Vs Upstox features
There are many features in trading that we could not make any special category for them but it might be useful for you to have a look on them too.Zerodha | Upstox | |
---|---|---|
3 in 1 Account | only for IDFC First bank | ✅ |
Charting | ✅ | ✅ |
Automated Trading | ✅only API provided | ✅only API provided |
Online Demo | ✅ | ✅ |
Trading Platform | ✅Kite Web & app | ✅ Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola |
Margin Against Shares (Equity F&O) | ✅ | ✅ |
Margin Against Shares (Equity Cash) | ✅ | ✅ |