Zerodha and Upstox are two of the most popular stock brokers in India. They are both known for their low brokerage charges and user-friendly platforms. However, there are some key differences between the two brokers in terms of their charges and features.
Zerodha vs Upstox Charges
| Feature | Zerodha | Upstox |
|---|---|---|
| Brokerage | Equity Delivery: Free | Equity Delivery: ₹20 or 2.5%, whichever is lower |
| Intraday and F&O: ₹20 or 0.03%, whichever is lower | Intraday and F&O: ₹20 or 0.05%, whichever is lower | |
| Transaction charges | Equity Delivery: NSE/BSE ₹0.10 per ₹100 traded; Options: NSE ₹62.50 per crore (0.0625%) | Equity Delivery: NSE/BSE ₹0.10 per ₹100 traded; Options: NSE ₹50 per crore (0.050%) |
| Account opening charges | ₹200 | ₹300 |
| Annual maintenance charges | ₹300, quarterly ₹75 | ₹300 |
| Call and trade charges | ₹50 per trade | ₹20 per trade |
| Open Demat Account | Zerodha Account | Upstox Account |
Notes:
- Equity Delivery:Â Trading in equity shares where the buyer takes delivery of the shares.
- Intraday: Trading in equity shares where the buyer sells the shares on the same day.
- F&O: Trading in futures and options contracts.
- Transaction charges: Charges levied by the exchanges for executing trades.
- Account opening charges: Charges levied by the broker for opening an account.
- Annual maintenance charges: Charges levied by the broker for maintaining an account.
- Call and trade charges: Charges levied by the broker for placing trades over the phone.
Overall, Zerodha and Upstox have very similar charges. The main difference is that Zerodha offers free brokerage on equity delivery trades, while Upstox charges ₹20 or 2.5%, whichever is lower. However, Upstox has lower transaction charges on options trades.
Which broker is better for you depends on your trading needs and preferences. If you are a delivery trader, Zerodha is the better option. If you are an intraday or F&O trader, Upstox is a good option, especially if you trade in options.
Which broker is better for you?
If you are a delivery trader, Zerodha is the better option. If you are an intraday or F&O trader, Upstox is a good option, especially if you trade in options.
Additional factors to consider
In addition to charges, there are a few other factors to consider when choosing a stock broker, such as:
- Platform: Make sure the broker’s platform is easy to use and has all the features you need.
- Customer support: Make sure the broker offers good customer support in case you need help.
- Research tools: Some brokers offer research tools and other resources that can help you make better trading decisions.
Conclusion
Zerodha and Upstox are both good stock brokers with low brokerage charges. The best broker for you will depend on your individual trading needs and preferences.tunesharemore_vertadd_photo_alternate