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Zerodha VS Upstox Charges, Brokerage Which is better 2021

Zerodha VS Upstox

If you are looking to open an trading account then you might be thinking which broker you should choose there are a lot of brokers available in the market but which one is better. In this article we will be doing a detailed comparison of two of the most famous brokers i.e Zerodha vs Upstox in terms of charges, brokerage fees and will conclude which one is better.

No doubt Zerodha and Upstox both are the best, but we have to choose only one so let’s see which one is better. However, both are almost the same in terms of charges and brokerage charges and benefits but on the other side Zerodha has more than 34 lakh customers and Upstox has 20 lakh customers.

Zerodha is the largest discount broker not less than that Upstox is planning to increase the customer base soon. If we talk, Zerodha is always the most trusted and the best preference by the traders, however, from the past two years, Upstox is also the fastest emerging discount broker.

Let’s see the detailed comparison which is better Zerodha VS Upstox with charges and brokerage

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Zerodha VS Upstox Charges and Brokerage

We have reviewed both Zerodha VS Upstox so that you can easily choose which one suits your trading style best. Let’s comapare both on the basis of important parameters.

ParametersZerodhaUpstox
Can trade-inStocks, 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 Charges
Equity deliveryRs. 0
Rs. 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%
Charges for call & tradeAdditional charges of ₹50 per order Rs. 20 + GST per order placed
Margin for intradayUp to 15XUp To 15X
Account Maintanence Fee25+ GST per month300 Rs yearly
Account Opening Charges200 RsFree (limited time period)

Zerodha VS Upstox Brokerage

Both Zerodha and Upstox offer same brokerage charge of 20 Rs per trade, however Zerodha charges lower of Rs. 20 per order or 0.03% whereas Upstox charges lower of Rs. 20 per order or 0.05%.

But if your order is more than 67000 Rs then both the brokers will charge the same amount i.e 20 Rs, but if the amount is less than that the there will be a slight difference in the charges.

Now we will be individually discussing which one is better in Zerodha VS Upstox.

Zerodha Account Opening Charges

zerodha-vs-upstox

Zerodha is the most trusted and reputed broker in India that offer zero brokerage for intraday trades and charges 20 Rs for other trades The biggest reason that Zerodha is the best is due to their excellent customer support and better interface.

Zerodha Borkerage Charge Calculator

Trading TypeBrokerage Charges
Equity DeliveryRs. 0
Equity Intraday & FuturesLower of Rs. 20 per executed order or 0.03%
Equity OptionsRs. 20 per executed order 
Currency, Commodity FNOLower of Rs. 20 per executed order or 0.03%

Zerodha Margins

SegmentMargin
Equity DeliveryNo Margin
Intraday EquityUp to 15X depending on the scrip
Index F&O4.16X
Stock F&O3.33X 
Currency Futures 2X
Commodity Futures2X

Zerodha is the best trading platform that provides a good customer support and best trading experience with lower charges.

Hope you are enjoying our article on Zerodha VS Upstox!!!

Pros

  • Largest discount broker
  • Good Customer Support
  • No minimum balance required to open and maintain the account.
  • Fixed Brokerage Charges

Cons

  • Some traders found a delay during trading hours

Upstox Account Opening Charges

zerodha-charges

Upstox is the fastest growing discount broker that can offer up to 28X leverage on intraday trades while paying a fixed brokerage fee of 20 Rs per trade. Also, Upstox is backed by Tiger Global, Ratan Tata, and GVK Davix. So, you know that your broking firm is reliable and more trustable.

Upstox Brokerage calculator

Trading TypeBrokerage Charges for Basic PlanBrokerage Charges for Priority Plan
Equity DeliveryRs. 0Rs. 0
Equity Intraday & FuturesLower of Rs. 20 per executed order or 0.03%Lower of Rs. 30 per executed order or 0.10%
Currency Futures Lower of Rs. 20 per executed order or 0.03%Lower of Rs. 30 per executed order or 0.10%
Commodity FutureLower of Rs. 20 per executed order or 0.03%Lower of Rs. 30 per executed order or 0.10%
Currency Options20 Rs per executed orderRs. 30 per executed order
Commodity Options20 Rs per executed orderRs. 30 per executed order

Margins for Intraday

SegmentMarginPriority Pack
NSE/ BSE Cash20X27X
Index Futures20X28X
Stock Futures5X6X
Index Option Sell3X 4X
Stock Option Sell 3X3X
NSE Currency4X5X
MCX Futures3X4X
NSE Option Buy1.33X2X

Pros

  • No brokerage charges for delivery
  • No Demat opening charges
  • Low brokerage charges

Cons

  • Not that much good customer support
  • cannot make direct IPO and FPO investment

Upstox is the best and the fastest growing discount brokerage.

Zerodha VS Upstox Conclusion

Hope you must have enjoyed our detailed comparison on Zerodha VS Upstox. If you found article useful then do share it with your friends and families and tell us in comment section if you have any queries left.

Satender Kumar

A tech Blogger always fascinated with the technology and gather as much amount of knowledge from the internet. Loves to share the knowledge with the others.

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