Upstox₹0 for delivery, ₹20 per intraday/F&O order
- Published fee
- ₹0 for delivery, ₹20 per intraday/F&O order
- Minimum deposit
- 0 ₹
Broker comparison
Upstox vs.
Zerodha
Which broker fits your needs?
Platforms, products and fees side by side.
Updated: October 2026
See comparisonUpstox
ZerodhaVS
Summary
Your goal decides.
Zerodha has a higher rating of 4.4/5 compared to Upstox (3.9/5). Upstox has been in the market since 2009, making it the more experienced provider.
UpstoxIndian discount broker with Ratan Tata investment and modern app
ZerodhaIndia's largest discount broker with over 15 million customers
At a glance
The key differences
| Criterion | Upstox | Zerodha |
|---|---|---|
| Platforms | Upstox Pro App, Upstox Pro Web | Kite Web, Kite App, Console |
| Product types | Indian Stocks, F&O, Commodities, Currency, Mutual Funds, IPOs | Indian Stocks, F&O, Commodities, Currency, Mutual Funds, Bonds |
| Options trading | Yes, F&O on NSE/BSE | Yes, Indian stock options (NSE/BSE) |
| Fee model | ₹0 for delivery, ₹20 per intraday/F&O order | ₹0 for delivery, ₹20 per order (intraday/F&O) |
| Minimum deposit | 0 ₹ | 0 ₹ |
| Regulation | SEBI | SEBI |
| More information | Details | Details |
Platforms
Upstox
Upstox Pro App, Upstox Pro Web
Zerodha
Kite Web, Kite App, Console
Product types
Upstox
Indian Stocks, F&O, Commodities, Currency, Mutual Funds, IPOs
Zerodha
Indian Stocks, F&O, Commodities, Currency, Mutual Funds, Bonds
Options trading
Upstox
Yes, F&O on NSE/BSE
Zerodha
Yes, Indian stock options (NSE/BSE)
Fee model
Upstox
₹0 for delivery, ₹20 per intraday/F&O order
Zerodha
₹0 for delivery, ₹20 per order (intraday/F&O)
Minimum deposit
Upstox
0 ₹
Zerodha
0 ₹
Regulation
Upstox
SEBI
Zerodha
SEBI
Product access and costs depend on market, account and permissions.
Detailed comparison
Comparing fees
Compare total costs, not just the order fee.
UpstoxZerodha₹0 for delivery, ₹20 per order (intraday/F&O)
- Published fee
- ₹0 for delivery, ₹20 per order (intraday/F&O)
- Minimum deposit
- 0 ₹
The relevant costs depend on market, currency, order size and trading style.
Execution quality
Order type, venue and liquidity affect execution.
UpstoxCheck the provider’s execution policy and available order types for your account.
Provider informationZerodhaCheck the provider’s execution policy and available order types for your account.
Provider informationProduct range
UpstoxIndian StocksF&OCommoditiesCurrencyMutual FundsIPOs
ZerodhaIndian StocksF&OCommoditiesCurrencyMutual FundsBonds
Categories come from broker profiles. Check specific markets and permissions before deciding.
Trading platforms
UpstoxUpstox Pro App · Upstox Pro Web
Upstox Pro is the flagship trading platform, available as web app and mobile app for iOS and Android. It offers TradingView-based charts with over 100 technical indicators, various order types, real-time market data, and a customizable dashboard. The platform supports watchlists, alerts, and clear portfolio management. API access is available for algorithmic trading.
Explore platformZerodhaKite Web · Kite App · Console
Zerodha offers Kite, a modern and fast trading platform as web app and mobile app. Kite includes TradingView charts, various order types, watchlists, and intuitive portfolio management. Console serves as the back office for reports, tax overviews, and account settings. Varsity complements the offering as a comprehensive educational platform for all knowledge levels.
Explore platformRegulation does not prevent market losses. The relevant authority depends on the contracting entity.
Your investor profile
Who might it suit?
UpstoxIndian discount broker with Ratan Tata investment and modern app
- Free delivery trading on NSE and BSE
- Modern Upstox Pro platform with TradingView charts
- Notable investors (Ratan Tata, Tiger Global)
- Only Indian markets accessible
- Occasional server outages during high volume
ZerodhaIndia's largest discount broker with over 15 million customers
- No fees for delivery trades (stocks/ETFs)
- Kite platform: modern, fast and intuitive
- SEBI-regulated and India's largest broker
- Only Indian markets, no international access
- No phone customer service (tickets only)
Find the broker that fits
Upstox oder Zerodha?
Side by side. Decided with knowledge.
See the differences that matter, and the Academy lessons that explain them.
VS
- Fees
- Platform
- Regulation
- Matching lessons
Two brokers. Many options. Your call.
Your questions
Frequently asked questions
How do fees differ between Upstox and Zerodha?
Upstox: ₹0 for delivery, ₹20 per intraday/F&O order. Zerodha: ₹0 for delivery, ₹20 per order (intraday/F&O). Compare total costs for the specific market, product, currency and order size in the current fee schedule.
Which broker offers more products: Upstox or Zerodha?
Upstox offers Indian Stocks, F&O, Commodities, Currency, Mutual Funds, IPOs. Zerodha offers Indian Stocks, F&O, Commodities, Currency, Mutual Funds, Bonds.
How are Upstox and Zerodha regulated?
The broker profiles list SEBI for Upstox and SEBI for Zerodha. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is Upstox or Zerodha better for beginners?
Upstox lists a 0 ₹ minimum deposit and offers Upstox Pro App, Upstox Pro Web. Zerodha lists 0 ₹ and offers Kite Web, Kite App, Console. Compare usability, available products and costs for your intended use.
Upstox vs Zerodha: Which broker is better overall?
The choice between Upstox (3.9/5, 1600 reviews) and Zerodha (4.4/5, 2500 reviews) depends on your needs. Upstox: Indian discount broker with Ratan Tata investment and modern app. Zerodha: India's largest discount broker with over 15 million customers.
Your next step
Your next step
UpstoxIndian discount broker with Ratan Tata investment and modern app
Open accountRead reviewZerodhaIndia's largest discount broker with over 15 million customers
Open accountRead reviewKeep learning
Before you pick a broker
The guides worth reading before your first trade, whichever of the two you choose.