Both these brokers are discount brokers and have a very competitive brokerage structure. We will try to compare them on various factors so that you can take a educated decision is selecting the right discount broker.
Brokerage fees
As far as Zerodha brokerage is concerned it is very simple. They charge you 0.10% of the trade value or Rs. 20 (whichever is lower ). It means that maximum brokerage they will charge you for one side of the trade is Rs. 20 irrespective of the value of trade. There are no fixed monthly charge involved. So whether you are a small trader with less than 20 trade or doing more than 80 trades per month, this broker turns out to be cheaper.
Upstox has very similar plan when compared to Zerodha. For delivery based trading they also charge Zero brokerage and for intraday and F&O they charge 0.01% or Rs 20 whichever is lower.
Both brokers charges call and trade charge. It is Rs 20 for Zerodha andRs 25 for Upstox. Other thing to keep in mind about discount broker and both of them don’t allow to trade in IPO, Mutual funds or FPO. They don’t provide any margin trading option but being discount brokers, these added services are not expected from them.
Both brokers charges call and trade charge. It is Rs 20 for Zerodha and Rs 25 for Upstox security. Other thing to keep in mind about discount broker and both of them don’t allow to trade in IPO, Mutual funds or FPO. They don’t provide any margin trading option but being discount brokers, these added services are not expected from them.
Now that you know all the major difference take a informed decision and choose the options which best meets your need.
Very good thing for new comers