Upstox Vs Zerodha Comparison 2022

You might be new to understand the basics of financial market transactions, and it can be a little challenging to choose between different brokerage firms. As of now, the most popular and the biggest names in the market are Upstox Vs Zerodha. They have set a pioneer in the market with the lowest broker fee and rates, allowing you to invest your money in stocks and mutual funds with ease.

I have personally used both the applications or platform and continue to do so. There is no doubt in sharing facts that say both are incredibly reliable in every aspect and have millions of customers. If you are a beginner, you might need to settle with one and learn more about an investment before you can try your hands on multiple platforms.

From opening your account to processing transactions, I have made sure that you understand each aspect of both the platforms and decide for yourself. Let us dig in with the comparison on Upstox Vs Zerodha and learn more about it.

Zerodha Review 2022

Zerodha is one of the most popular and probably amongst the best stock brokers in India. Whether you are a beginner or a professional, this might be the perfect place to get started with your journey stepping into the stock market. I have personally begun with an investment in mutual funds where you are charged zero brokerage fees, while for trading in the stock market, you only need a minimal cost overall.

As of Feb 2021, Zerodha has over 33.9 lakh, active customers, on its platform, which constitutes around 18.85% of the total customers in the market. Similarly, I am an active customer of this platform for years now, and the experience has been nothing short of amazing. Above all, the customer support here is brilliant, and you might not be disappointed ever. Well, there are multiple other apps associated with this platform through which you can step up and learn about different aspects of investment.

Furthermore, Zerodha takes up a specific fee as account opening charges from every customer. The amount is pretty cheap, and anyone can afford it. Some of the other trading applications offered by Zerodha are Kite, Zerodha Coin, Zerodha Varsity, and much more.

Upstox Review 2022

Upstox is technically advanced and yet another one of the Best Demat Accounts In India. This Brokerage firm multiplied in 2020 and grew a customer base of around 25 lakhs plus. You can trade on equities, commodities, futures, currencies, and options. It is a lot similar to Zerodha, but the fact that it does not charge any fee for opening an account gives it leverage to many customers it has earned over the years.

It supports BSE, NSE, and MCX exchanges, bringing in a wider range of audiences from around the country. Apart from Zerodha, this might be the only firm that is highly reliable and something you can trust with your money in the long run. To access these services, you can check out their mobile applications as well as directly on your laptop. Creating a Demat account is as simple as simply signing up on any platform. With few simple steps and a short time for verifications, you can start your trading and investments in no time.

You can simply choose between two account types, i.e., Investor and Trader, depending on which way you would like to go. In the basic version, you have every aspect you need to get started for trading and investment free of cost. On Upstox Pro, you can access analysis, monitoring of stocks, F & O, etc.

Upstox Vs Zerodha- Trading Platforms

Zerodha Vs Upstox both have their separate trading platforms that you can use both on the web and your smartphones. To start with, Zerodha has three major platforms that are Kite, Coin, and Varsity.

1. Kite

Kite by Zerodha is one of its major platforms for trading available on the web, Android, and iOS platforms. You can simply download it on your smartphones and get going. As you know, you have signed up or created a Demat account first and then start with your trading process. 

There are over 90,000+ stocks listed on the platform across multiple changes supported by Zerodha. Moreover, the user interface is simply brilliant and easy to use, even for those who have just entered the market.

2. Coin by Zerodha

The Coin is yet another platform by Zerodha that deals entirely with investment into mutual funds. It is completely free of cost and does not charge a single fee from any investor whatsoever. You can easily search from over 2000+ commission-free mutual funds and invest your money with complete safety. With just a single portfolio, you can handle it all, such as MF, equity, and much more. It is very easy to use and highly user-friendly to get started with.

3. Zerodha Varsity

Another brilliant platform by Zerodha that deals directly in providing proper education and knowledge are Varsity. It has all the latest resources, videos, articles, and a lot more to learn more about the stock market. Even if you are a beginner, there is always a chance by such a platform to help you learn and then grow likewise.

Next up, we have different platforms offered by Upstox as well. Let us look at what this platform has to offer.

1. Upstox Pro Web

Upstox Pro Web is the platform where you can simply create your Demat account from your laptops and start trading. There is hardly any difference between the basic version and the Pro version. You will not be charged any amount to create a Demat account on the site, and it will take only a few minutes to get started.

This platform is perfect for those who are into Intraday trading, exceptionally professional traders that need to keep an eye on the market. Furthermore, you can analyze the charts on a larger screen when it comes to using the web version of this platform. There are multiple widget features as well to keep you well organized. Furthermore, since the mobile version does not have the option for mutual investment, you can always use the official site to do the same. 

2. Upstox Pro Mobile

Here we have the Upstox application for your smartphones as well for both Android and iOS users. You can avail the same benefits as that on the web version. The only difference here is that it is a lot simpler and much easier to track everything on a smaller device. 

If you are a beginner willing to only invest in stocks and start with your investment, you can simply download the app and create your Demat account. Furthermore, you can quickly execute orders based on your analysis. Also, click on notification alert so that you can be aware when the price reaches a certain limit.

Well, there is no doubt that Zerodha has a lot more to offer in terms of platforms and makes it a lot easier for traders and investors to choose which one might be best for them. Similarly, Upstox is excellent, with a platform for professionals and newbies all-in-one.

Check outcomplete Upstox review

Upstox Vs Zerodha- Brokerage and Account Opening Charges

As we compare Zerodha vs Upstox here, the significant difference can be associated with the Brokerage charges and the account opening charges. Well, both these platforms are the most popular among all because of their shallow brokerage charges. Let us now look at it.

1. Account Opening Charges

Zerodha and Upstox both allow their users to open accounts online, and everything is entirely paperless. It hardly takes minutes to open a Demat account and the verification takes a lot less time. Here are the charges for Zerodha and Upstox:

  • Zerodha: For Trading and Demat Account (200 INR) and Commodity account (100INR)
  • Upstox: For Trading and Demat Account (Free)

Furthermore, you need to pay an additional ₹300 + 18% GST for maintaining a Demat account on Zerodha. It is charged once per quarter. Similarly, on Upstox, you are charged ₹25 + 18% GST for maintaining a Demat account. You need to pay this particular amount every month.

Also, Zerodha charges INR 500 for an NRI account on its platform. However, there is no such provision for an NRI account on Upstox. 

2. Brokerage Charges

When it comes to Brokerage charges, both Zerodha and Upstox have pretty similar rates. It has multiple categories to look into, such as Equity, commodities, and currency based. Here is the list of all the chargers on all the above terms. You can also use the calculator on the official site as well to calculate the charges.

For Equity

Trading CredentialsZerodhaUpstox
Equity deliveryZeroZero
Equity intraday0.03% or INR 20 per order0.05% or INR 20 per order
Equity futures0.03% or INR 20 per order0.05% or INR 20 per order
Equity optionsINR 20 per orderINR 20 per order

For Commodities

Trading CredentialsZerodhaUpstox
Commodity futures0.03% or INR 20 per order0.05% or INR 20 per order
Commodity options0.03% or INR 20 per orderINR 20 per order

For Currency

Trading CredentialsZerodhaUpstox
Currency futures0.03% or INR 20 per order0.05% or INR 20 per order
Currency options0.03% or INR 20 per orderINR 20 per order

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Upstox Vs Zerodha- Mutual Funds

Apart from simply trading and investing in stocks, you can also look into directly starting a SIP or invest in mutual funds through either Zerodha or Upstox. Both have their own platforms for investment and different charges schemes that might be quite helpful for you to decide where you would like to invest your money.

As for Zerodha, it offers a separate and dedicated application named Coin for both Android and iOS users. The user interface is brilliant yet simple to understand and use at the same time. You simply have to get started with creating a Demat account or simply sign in if you have already created one on Zerodha. 

Here you will not be asked to pay a single penny for any transaction or creating an account on mutual funds. Simply invest and get your money back in no time. Furthermore, the platform used to charge around INR 50/per month as subscription charges for the app, which has now been waved off, making it completely free.

Similarly, for Upstox, there isn’t any dedicated platform for mutual funds; instead, you have to invest in it from the web on your laptop. You can analyze the market and select from over 1000+ mutual funds available in the listing. It is super easy as well and you can make the same investment choices here too.

Even though there are zero charges for ordering MF here, you still need to pay INR 18.50 at the time of redemption or selling these. So, if you need an easier way to go, you can choose Zerodha since they have a dedicated platform and have Zero charges.

Upstox Vs Zerodha- 3-in-1 Account

Many people might not have a clear idea about the 3-in-1 account feature provided by both these platforms. I have been using these platforms for years now, and if you are a newbie, you might not know these particular features apart from simply creating a Demat account.

In general terms, a 3-in-1 Account is simply a combination of three accounts in one that includes a trading, DEMAT, and a bank account to initiate an effortless transaction between your bank account and the trading account. Well, Zerodha is associated with IDFC First Bank, while Upstox prefers an Indusind savings bank account. You can easily create an account using the process on the site and open all three at once.

Benefits of 3-in-1 Account by Zerodha

  • Transfer Funds for free.
  • Real-time and super fast funds transfer.
  • Check your bank balance and keep track of your portfolio trading account.
  • No upper limit on funds transfer

Benefits of 3-in-1 Account by Upstox

  • Zero Balance Savings Account.
  • 6% Interest on Trading Account funds.
  • Any customer can choose their Account number.
  • Use Smart Transfer Facility to transfer funds for trading with a single click.
  • With the help of the Titanium Debit Card, you can earn reward points and use it for brokerage credit.

Even though a lot of people prefer Zerodha over Upstox due to multiple reasons, however in terms of this particular feature, Zerodha might not be the best way to go. If you genuinely wish to get all the benefits of a 3-in-1 account, Upstox might be the best option here.

Upstox Review- Pros and Cons

Since we have mostly covered the basics of both these platforms, it is essential to understand what makes them set apart and which direction you can choose through the list of pros and cons or, better say, advantages and disadvantages of choosing to go with these platforms.


  • Requires no paperwork to open a Demat Account.
  • Zero charges for opening an account.
  • Highly stable and user-friendly platform
  • Commission-free Mutual Funds
  • Mobile app available for both iOS and Android


  • No dedicated platform to invest in mutual funds
  • Customer Care Service not up to the mark
  • It does not support NRI Trading Account
  • It does not support IPOs and FPO

Zerodha Review- Pros and Cons

Here is everything you need to know about the pros and cons of Zerodha that will help you distinguish between Zerodha and Upstox.


  • Multiple platforms are available for Trading, Mutual Funds, and learning about the market.
  • Available for web, Android, and iOS.
  • Excellent customer support
  • Low fees
  • User-Friendly and easy to use platform


  • Charges a small amount for account opening
  • Not a great platform to open a 3-in-1 account
  • No unlimited trading plan

Upstox Vs Zerodha – Frequently Asked Questions

1. Is Zerodha suitable for beginners?

Zerodha might not be the perfect option to start your journey as a newbie if you have no idea how the market works and the terminology. You can download the Zerodha Varsity app and learn more about everything before you can simply jump on trading and buying stocks. However, you can begin with the app itself and learn on the way.

2. What is a 60 days challenge in Zerodha charges?

The 60-day challenge is an excellent initiative by Zerodha that is meant to encourage new traders and investors to give time to their investment. You can trade on any stocks, IPO, or simply anything for 60 days. If you are in net profit, that means deducting all the taxes and other charges; you will be provided with a certificate as a winner as an encouragement.

3. Does Zerodha charge for money withdrawal?

Well, no, Zerodha does not charge any fee for withdrawing money. If you have sold your stocks or any investment and are willing to transfer it to your bank account, you can easily do so without any hassle. However, you can only withdraw based on the withdrawal amount set up by Zerodha. Alos, there aren’t any hidden charges as well.

4. How much commission does Upstox take?

As we have spoken earlier about the brokerage charges, there are multiple categories that the amount is dependent on. Otherwise, to sum it up, you will be asked to pay the maximum amount while trading or investing is only INR 20. It is simply the lowest among multiple platforms in the market and makes it easy for you to keep trading.

5. Does Upstox charge monthly?

Well, no, Upstox does not charge any fees for opening a Demat account. To keep it more inviting for new traders who wish to learn and grow in the market can quickly get on to the Upstox platform. However, it does charge a small maintenance fee of INR 25 each month that will be deducted automatically from your linked account.


To come to a certain conclusion based on the review of both these platforms, it is evident from my personal experience that both are equally amazing in their manner. Each has its advantages and disadvantages that can be avoided under multiple circumstances. Zerodha is one of the best platforms for trading, and the same goes for Upstox.

However, if you are looking to choose between them, simply go through each of the points above and learn more about them. Furthermore, make sure to leave a comment down below if you are stuck at any moment.

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