Zerodha Vs Upstox

In this article, I’ll compare “Upstox Vs Zerodha” or say “Zerodha vs Upstox“. Actually, it is a very tough job to compare Zerodha and Upstox have at least the same pricing and features. So, here I’m sharing my experience over both trading terminal. In this article, I’ll differentiate both brokers so it will help you to choose best out of it.

1. Zerodha have great educational resources such as Zerodha Varsity compared to Upstox or even any broker in India don’t have such type of quality content. This is open source so even if you don’t have any account with Zerodha.
2. Upstox Provide Margin for delivery (Margin Trading Facility) trades up to 5 Lakh Rupee which feature is not available at Zerodha.
3. Upstox provides higher margin for intraday trades compared to Zerodha.
4. Upstox charges lower AMC (150 INR) compared to Zerodha (300 INR) Yearly and also offering free account opening.
5. Upstox has a great mobile app (Upstox Pro) for trading platform compared to Zerodha Mobile Trading Platform (Kite App) on the other hand Zerodha has a great mobile app for Mutual Fund Platform “Zerodha Coin”.
6. Zerodha is a top broker based on the client as they started a business in 2010 earlier then Upstox.
   
   

   Upstox

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7. Upstox has better Costumer support as compared to Zerodha.
8. Zerodha system has technical glitches especially during volatile days so Upstox has a more reliable system.
9. In Upstox you can also earn 10% of brokerages every person you refer to Join Upstox. There is no referral program in Zerodha.
   
   

   Zerodha

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10. Zerodha Trading Platform doesn’t have access to option chain where else in Upstox you can access option chain from a single trading platform.
11. Upstox also allows Deep Out the money (OTM) options but Zerodha didn’t allow far OTM calls.
12. Zerodha have too many products & Platform as compared to Upstox.
13. Upstox account opening process is fully online you don’t need to send Power of Attorney but in case of Zerodha, you have to send Power of Attorney (POA) to Zerodha head office to start selling stocks and mutual funds.
    

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Conclusion: It’s now up to you which suits you better according to your trading needs but you’ll never be wrong if you choose either of them. You can directly apply for seamless online account opening for expert advice and account opening. Just fill this form the contact form to request a callback.

What you think, Which will be a better choice for you, comment below.

Hope this helps.

Cheers!