Upstox offers priority brokerage plan (at Rs 30 per trade) which has up to 25x leverage on Intraday, Futures & Options. Zerodha has one simple plan for all customers. Zerodha has much stronger focus and investment in technology which results in a better trading platform, trading tools and customer support.
Upstox Charges vs Zerodha Charges Comparison
Zerodha charge lower of Rs. 20 per order or 0.03%, whereas Upstox charge lower of Rs. ... If your order value is more than Rs 67000 then both the broker will charge the same amount i.e Rs 20. But for trade volume lower than Rs 67000 Zerodha will charge less.
While Zerodha and Groww, both are online discount brokers, Zerodha is better than Groww on the following counts: Zerodha is the pioneer of the discount broking business in India. Zerodha offers brokerage-free Equity Delivery trading. Zerodha allows to trade in Currency as well as Commodities along with Equity and F&O.
Zerodha (₹20/trade) ProStocks (₹899 Unlimited) Upstox (₹20/trade) Paytm Money (₹10/trade) 5paisa (₹20/trade) More Brokers... ICICI Direct (₹20/trade) Angel One (₹20/trade) Edelweiss (₹10/trade) IIFL Securities (₹20/trade) Aliceblue (₹20/trade) More Brokers...
In summary: Between Zerodha and Upstox, there is no doubt that Zerodha is the superior broker (despite having some negatives) and it's not just because of the first mover advantage (unlike what Upstox promoters claim). However, Upstox is fairly new and might just get better as time goes by - provided they do survive.
Yes, Upstox is a safe broker. It is a registered member of SEBI, BSE, NSE, MCX and CDSL. The company is regulated by the stock broker regulations. It is audited regularly by the exchanges.
Zerodha has low fees, it even offers free equity delivery trading. The web and mobile trading platforms are easy-to-use and well-designed. There is a wide range of high-quality research tools. The account opening is slow and not fully digital.
You will not lose it because shares are kept in and electronic form maintained by either NSDL AND CDSL i.e. depository organisations in india. So even if zerodha goes bankrupt your shares are safe.
What If Upstox Shut's Down? ... Well, the answer is generic for all stock-brokers and not Upstox alone. If SEBI shuts down your broker due to some crisis, your shares remain with the depositories and are safe. As already discussed, CDSL & NSDL (and not your broker) have the control of your Demat account.
Yes, if you are a beginner then you can open an account with Upstox and start online trading at a maximum Rs. 20 per order brokerage.
Investors can open multiple demat accounts, so long as the accounts are opened with different Depository Participants. You cannot open more than one demat account with the same DP.
Yes, Zerodha is as safe as any other stock broker in India. Zerodha is a genuine and trusted stock broker. They are among the lowest risk broker for the following reasons: Zerodha is a debt-free.
Only commodities – Absolutely Free. The monthly maintenance fee – ₹25 (excluding GST). This is applicable only on Demat accounts and as the name suggests, is charged every month. The Upstox clients need to pay a sum of ₹150 as maintenance charges for their Upstox Free Demat account.
Yes, you can transfer your existing shares in another broker's demat to your Zerodha demat account. ... To transfer shares from one demat to another, you need to use the Debit Instruction Slip (DIS) booklet provided by your Stock Broker. Here, you have to enter the names of shares along with their unique ISIN numbers.
Zerodha, being a Trading Member of NSE and BSE, registered with Securities & Exchange Board of India ("SEBI") and having Registration No. ... INZ000031633 for Cash/Derivatives/Currency Derivatives segments of NSE & BSE.
Zerodha works only as a service agent for a demat account. In terms of money in your trading account, it is highly recommended to move your surplus funds to your bank account which is relatively safer and insured by GoI.
Yes, you can open an account with Zerodha even if you already have a demat account with another broker. According to the Securities and Exchange Board of India (SEBI), an investor can open two or more demat accounts under the same PAN.
Kite Android (Zerodha's Mobile Trading Software)
Kite Android App is the Mobile Trading App designed as part of Kite trading platform. The Android App is very intuitive, powerful and fast. The app allows its online customers to trade on-the-go using a smartphone.
Their business model relies on the number of transactions on the platform. Instead of charging more per transaction, they focus on building a great product, so more clients are attracted to trade on it. So they earn ₹20 on the millions of transactions that occur daily.
Zerodha Founder and CEO Nithin Kamath regularly takes a dig at some practices of his rival broking firms.
Yes, There are no charges or subscription fees for using Zerodha Kite Trading Platforms.
Does Zerodha have annual charges? Yes, Zerodha charge Rs 300 per year Demat Account AMC (Annual maintenance charges) fees. This fee is charged quarterly (i.e. Rs 75 every quarter). Except this Zerodha doesn't have any annual charges or minimum balance requirements.