Zerodha Vs. Upstox - A Side By Side Comparison

by Gunjan Chokshi Mr.Gunjan has over 9 year experience in Broking Bu

Zerodha and Upstox both are popular discount brokers in India. Trading enthusiasts often are inquisitive to know which one is better. In order to help you make a well-informed decision, we have made a side-by-side Upstox Vs. Zerodha comparison for you. In this post, we will help you with plenty of useful information including Upstox brokerage vs Zerodha, charges, Demat account, margin and lot more. Read on:

1. About the Brokers: Zerodha & Upstox

In this Upstox vs. Zerodha comparison, let’s delve into their background and offerings first. Upstox is a tech-first broking company based in India that is known for providing trading opportunities to the trading enthusiasts at low cost. Incorporated in 2012, it offers trading opportunities in variegated segments inclusive of commodities, equities, futures, currency, and options. If are interested in trading, you can go to Upstox Pro Web or Upstox Pro Mobile trading platforms. Upstox allows you 100 percent free trading account and free trading in the segment of Equity Delivery as well

Zerodha, on the other hand, is a Bangalore based discount broker known for trading in commodity, stock and currency derivative. For any transaction, the maximum brokerage that you need to pay is INR 20 per order. Zerodha got incorporated back in 2010 and the first and number 1 discount broker in India in terms of volume of customers and business growth.

2. Trading Features

Upstox trading platform allows trading, analysis, charting among other rich trading features. Traders can easily place orders via mobile phones, laptops and other devices. Upstox trading platform features Omnisys NEST Order Management System and Omnisys Risk Management System. Upstox trading platform has been built in-house by RKSV which makes it extremely easy to use and secure to place orders via mobile phones and browsers.

Zerodha is one of the best discount brokers in India known for its technologically advanced features. They have several educational initiatives such as Varsity, OpenTrade and Trading Q & A to their credit. Customers can trade with Zerodha in the ways as mentioned below-

- Kite 3.0 (Web based trading platform):

Zerotha Kite Web is a web based HTML5 fast trading platform which can be used for trading on various devices such as mobiles and other hand-held devices such as tablets and even web-browsers.

- Kite Android/Kite iOS (Mobile Trading App):

Kite is a smartphone application for Android and iOS which allows traders to trade using mobile phones. It is free for all customers to trade and monitor stocks and commodities in India. Kite mobile app is one of the most advanced trading app available in India at the moment.

3. Number of Branches- Upstox vs. Zerodha:

Zerodha has a total of 22 branches across India, while Upstox has 4.
Hope you liked this Upstox vs. Zerodha comparison. For any questions related to trading, get in touch with us.