Upstox Vs Zerodha (2021)- Brokerage, Opening & Maintenance Charges, Transaction Charges, Leverage

Upstox and Zerodha are India’s top stock discount brokers. Both Zerodha and Upstox are great platforms when it comes to ease of use, intuitive interface and low charges.

Upstox Vs Zerodha | Brokerage, Opening & Maintenance Charges, Transaction Charges, Leverage
Upstox Vs Zerodha

Here we have given detailed comparison of Upstox and Zerodha with respect to company background, services, charges, leverage/margin on trading for all different segments.

This article will help you to understand detailed comparison of Upstox Vs Zerodha, Various upstox charges, Zerodha charges & other parameters which will help you to decide which is better Upstox or Zerodha.

Company Details, Services, Features

ParticularsUpstoxZerodha
Incorporation Year20122010
Broker TypeDiscount brokerDiscount broker
ExchangesBSE, NSE, MCXNSE, BSE, MCX, and NCDEX
Segment OfferingEquity, commodity, currency, futures, options.Equity, commodity, currency, futures, options
Investment OptionsMutual funds, IPO platform, bonds and debt, exchange-traded funds and insurance.Mutual funds, IPO platform, bonds and debt, exchange-traded funds

Opening & Yearly Maintenance Charges

ParticularsUpstoxZerodha
Account Opening Charge249 INR300 INR
Annual Maintenance Charge300 INR300 INR
Call & Trade Charges20 INR50 INR

Also see : Simple steps to open demat account in Upstox.

Various Brokerage Charges

SegmentUpstoxZerodha
Equity DeliveryZeroZero
Equity Intraday0.05% per order (max 20 Rs.)0.03% per order (max 20 Rs.)
Equity Futures0.05% per order (max 20 Rs.)0.03% per order (max 20 Rs.)
Equity Options30 Rs. per order20 Rs. per order
Currency Futures0.05% per order (max 20 Rs.)0.03% per order (max 20 Rs.)
Currency Options30 Rs. per order0.03% per order (max 20 Rs.)
Commodity Futures0.05% per order (max 20 Rs.)0.03% per order (max 20 Rs.)
Commodity Options30 Rs. per order0.03% per order (max 20 Rs.)

Various Transaction Charges

SegmentUpstoxZerodha
Equity DeliveryNSE : 0.00345%
BSE : 0.003%
NSE : 0.00345%
BSE : 0.003%
Equity IntradayNSE : 0.00345%
BSE : 0.003%
NSE : 0.00345%
BSE : 0.003%
Equity FuturesNSE : 0.002%NSE : 0.002%
Equity OptionsNSE : 0.053%
(on premium)
NSE : 0.053%
(on premium)
Currency FuturesNSE : 0.0013%
BSE : 0.00026%
NSE : 0.0009%
BSE : 0.00022%
Currency OptionsNSE :0.029%
BSE : 0.026%
NSE : 0.035%
BSE : 0.001%
Commodity FuturesNon-Agri:
Exchange txn charge: 0.0026%
Clearing charge: 0.0005%
Group A:
0.0026%
Group B:
CASTORSEED – 0.0005%
KAPAS – 0.0026%
PEPPER – 0.00005%
RBDPMOLEIN – 0.001%
Commodity OptionsExchange txn charge: 0
Clearing charge: 0.002% on buy + sell
Exchange txn charge: 0

Various Leverage / Margin

SegmentUpstoxZerodha
Equity Delivery No marginNo margin
Equity Intraday Up to 6x (depends on stock)Up to 6x (depends on stock)
Equity F&O Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)
Currency Futures Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)