In 2021, compare Upstox vs Zerodha to find the best discount broker in India. zerodha and Upstox (RKVS) are the best discount brokers in India with no delivery cost and low fixed cost.

You can trade large amounts at low fees. 20 per trade.

From the very beginning, Upstox and Zerodha are similar in terms of fees, and On the one hand, Zerodha is the largest discount broker with over 1.2 million clients, and on the other hand, Upstox recently crossed the single client mark.

However, there are some differences. zerodha has always been the most coveted and favorite for traders, while upstox has been the fastest growing discount broker over the past two years.

You can expect the best customer support from Zerodha and get interesting deals like free brokerage credits from Upstox.

You can open an account with anyone between Upstox and Zerodha depending on your needs. Both the brokers provide better service than other discount brokers.

Upstox vs Zerodha Comparison

ParticularsUpstoxZerodha
Can trade-in Stocks, Equity F&O, Currency F&O and Commodity F&O Stocks, Equity F&O, Currency F&O and Commodity F&O Bonds and Govt-Securities
Brokerage ChargesDetails for Upstox Basic PlanDetails for Zerodha Plan
Equity deliveryRs. 0Rs. 0
Equity Intraday, Futures, Options,Lower of Rs. 20 per executed order or 0.05%Lower of Rs. 20 per executed order or 0.03%
Currency & Commodity FNOLower of Rs. 20 per executed order or 0.05%Lower of Rs. 20 per executed order or 0.03%
Charges for Call and TradeRs. 20 per orderRs. 50 per order
Margin for IntradayUpto 15XUpto 15X
Account Opening ChargesRs 299Rs 200
AMC FeesRs. 25 per monthRs. 300 yearly
Apply NowOpen Upstox accountOpen Zerodha Account

Cost less than Rs. 20 or 0.03 per order, while Upstox Rs. 20 or 0.05 per order

If the value of your order exceeds Rs 67,000, then both brokers will receive the same amount of Rs 20. But for trades below Rs 67,000, Zero will charge a lower fee.

Read More: What is BO id in Upstox ? What is mean by boid in upstox ?

Upstox Account Fee and Zerodha Account Fee.

It costs Rs 299 to open a Upstox account. In return, you will get a free brokerage credit of Rs 1000 which is valid for 7 days.

Whereas Zerodha charges Rs 200 to open the account.

The annual maintenance fee for the Upstox account is Rs. 25 per month.

Zerodha charges an annual maintenance fee of Rs.

Upstox (RKSV) Demat & Trading Account Review

Formerly known as RKSV Securities, Upstox is for high volume traders looking for high margin (up to 28X), low brokerage, and best trading platform.

The maximum limit you can get in daily trading is 28X while paying a fixed brokerage of Rs. 20 per trade regardless of trade size.

Upstox is managed by Tire Global, Ratan Tata, and GVK Dukes. So, you know that your brokerage company is reputable. Upstox helps you trade stocks, futures, options, and trade currencies and commodities. You can also use Upstox to invest in mutual funds.

Upstox Account Opening Charges

Upstox Equity Deposit and Trading – Rs.299
Upstock Demat Monthly Maintenance Charges – Rs. 25

The apostate account opening process is completely online. The process of opening a paperless account with Aadhar can be completed in a day.

Read More: What is MTM in Upstox ? How MTM Calculated and Measures

Pros and Cons of Upstox

Pros

  • There is no account opening fee.
  • Zero brokerage (cash and transfer) for trading in shares.
  • Zero brokerage for mutual fund investments.
  • The designated brokerage for all other sectors is Rs. 20 per trade.
  • See direct investment funds.
  • Free mobile business software and web browser.
  • Similar application for trading stocks, currencies and commodities.
  • Margins are available in stock.
  • Online public offerings, primary financial associations, bonds and non-communicable diseases are available online.

Cons

  • There is no moderate funding.
  • Do not submit request type “Good Time Cancellation (GTC)”.
  • It does not support BTST.
  • There is no unlimited monthly plan.
  • No storage offers or offers.
  • Additional cost for calls and transactions.
  • He gets extra money. 50 for the automatic seat of the broker.
  • High discount transaction fees.
  • Upstock does not offer NRI business and data accounts.
  • Chairs at 3 p.m. Most other brokers do it at 3:15 p.m.
  • Digital gold is not offered.

Upstox Account Best For value-added offers such as Rupee free brokerage credit.

If you are looking for similar offers with lower brokerage fees and higher profit margins, you will need to open an account with Upstox.

Zerodha Demat & Trading Account Review

Zerodha has launched a discounted brokerage model in India with an effective price of zero delivery brokerage and Rs 20 for another 20 transactions.

It is India’s most trusted and popular discount broker. The biggest reason for their success is their customer support. When you call, or email, you can contact their customer support and receive positive feedback.

To answer all your questions, Zerodha also has a resource portal that includes accountants, news, circulars, apps and other useful templates.
New entrepreneurs can visit the Jaruda University and BusinessQNA portal which covers topics ranging from elementary to advanced business.

Other discount brokers quote gold but cannot provide customer support.

Zerodha helps you deal.

  • • Stocks and IPOs
  • • Derivatives – Stocks, Commodities, Currencies.
  • • direct mutual fund
  • • Government bonds and guarantees.

Zerodha Account Opening Charges

Following are the charges for opening an account online

ParticularsCharges
Trading and Demat account opening chargesRs. 200
Commodity AccountRs. 100
Annual maintenance chargesRs. 300
Account Opening charges

Read More: Simple Step by Step Guide to Apply for IPO in Upstox

Pros and Cons of Zerodha

Pros

  • No. 1 broker in India by number of active clients and exchange volume.
  • The safest, most reliable and technologically advanced broker in India.
  • Simple flat fee brokerage services across all sectors and exchanges (BSE, NSE, MCX).
  • No brokerage charges for free stock delivery trading cash and shipping orders.
  • The designated brokerage for all other sectors is Rs. 20 per trade.
  • Premium Trading Platform (CAT) is available for free.
  • Direct investments are available in mutual funds.
  • Good Tail Trigger (GTT) is the command. It’s like a gtc command.
  • An NRI business account is available.

Cons

  • It does not provide stock offers, research and recommendations.
  • An additional Call Rupee fee is charged for each year and trade order.
  • An additional rupee is charged per order for each order.
  • It does not offer a 3-in-1 account.
  • It does not offer unlimited monthly business plans.
  • AMC does not offer a free demat account.
  • There is no moderate funding.

So Guys in this article we did Detailed Comparison Upstox vs Zerodha for Beginners who wants to invest and trade in this Trading Platforms. I hope with our article you learn something new and know better about Upstox vs Zerodha. So Please do share and comment your thoughts about Comparison Between Upstox and Zerodha.

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