Earn money online in the stock market via Upstox or Zerodha

The stock market is one of the most popular and lucrative ways to earn money online. The stock market allows you to buy and sell shares of companies and make profits or losses based on their performance. However, the stock market also involves risk and volatility and requires knowledge and skills to succeed.

To start earning money online in the stock market, you need to have a trading and a demat account with a broker who can execute your orders and hold your securities. You also need to have a trading platform or an app that can help you analyze, research, and place your trades. You then need to have a trading strategy or a plan that can help you make informed and profitable decisions.

There are many brokers and trading platforms available in India, but two of the most popular and reputed ones are Zerodha and Upstox. Both Zerodha and Upstox are discount brokers that offer low-cost trading, advanced trading platforms, and various products and services. However, they also have some differences that can affect your choice depending on your preferences and goals.

In this article, we will compare Zerodha and Upstox on various parameters such as account opening charges, brokerage charges, trading platforms, margin/leverage, customer service, etc. and help you decide which one is better for you.

Account Opening Charges

Account opening charges are the fees that you have to pay to open a trading and a demat account with a broker. These charges may vary depending on the broker and the type of account.

Zerodha charges Rs 200 for opening a trading account (equity + currency) and Rs 100 for opening a demat account. The total account opening charges for Zerodha are Rs 300¹.

Upstox charges Rs 0 for opening a trading account (equity + currency + commodity) and Rs 0 for opening a demat account. The total account opening charges for Upstox are Rs 0¹.

Therefore, Upstox has an advantage over Zerodha in terms of account opening charges as it offers free account opening.

Brokerage Charges

Brokerage charges are the fees that you have to pay to the broker for executing your orders. These charges may vary depending on the broker and the type of trade.

Zerodha charges Rs 0 brokerage for equity delivery trades (buying and holding shares for more than one day) and direct mutual funds. For intraday trades (buying and selling shares within the same day) and futures and options trades, Zerodha charges flat Rs 20 or 0.03% (whichever is lower) per executed order².

Upstox charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday trades and futures and options trades, Upstox charges flat Rs 20 or 0.05% (whichever is lower) per executed order².

Therefore, both Zerodha and Upstox have similar brokerage charges for equity delivery trades and direct mutual funds. However, Zerodha has a slight edge over Upstox in terms of brokerage charges for intraday trades and futures and options trades as it has a lower percentage charge.

Trading Platforms

Trading platforms are the software or apps that help you access the stock market, analyze the data, research the companies, place your orders, track your portfolio, etc. Trading platforms may vary depending on the broker and the features they offer.

Zerodha offers three main trading platforms: Kite Web, Kite Mobile, and Kite Connect API. Kite Web is a web-based platform that can be accessed through any browser. Kite Mobile is an app-based platform that can be downloaded on Android or iOS devices. Kite Connect API is a set of REST-like APIs that can be used to build custom trading applications or integrate with third-party tools².

Upstox offers two main trading platforms: Upstox Pro Web and Upstox Pro Mobile. Upstox Pro Web is a web-based platform that can be accessed through any browser. Upstox Pro Mobile is an app-based platform that can be downloaded on Android or iOS devices².

Both Zerodha and Upstox offer user-friendly, fast, secure, and feature-rich trading platforms that can cater to different types of traders.

Margin/Leverage

Margin or leverage is the amount of money that the broker lends you to trade with more than your available funds. Margin or leverage can help you increase your profits, but also increase your losses. Margin or leverage may vary depending on the broker and the type of trade.

Zerodha offers margin or leverage for intraday trades and futures and options trades. For intraday trades, Zerodha offers up to 20x margin for equity, up to 33x margin for currency, and up to 6.6x margin for commodities. For futures and options trades, Zerodha offers up to 2.5x margin for futures and up to 3x margin for options.

Upstox offers margin or leverage for intraday trades and futures and options trades. For intraday trades, Upstox offers up to 28x margin for equity, up to 33x margin for currency, and up to 10x margin for commodities. For futures and options trades, Upstox offers up to 4x margin for futures and up to 4x margin for options.

Therefore, both Zerodha and Upstox offer margin or leverage for intraday trades and futures and options trades. However, Upstox has an advantage over Zerodha in terms of margin or leverage as it offers higher margins for most of the segments.

Customer Service

Customer service is the support and assistance that the broker provides to its customers in case of any queries, issues, or complaints. Customer service may vary depending on the broker and the channels they offer.

Zerodha offers customer service through phone, email, chatbot, ticket system, social media, help center, etc. Zerodha also has a network of 22 branches across India where customers can visit for offline support.

Upstox offers customer service through phone, email, chatbot, ticket system, social media, help center, etc. Upstox also has a network of 4 branches across India where customers can visit for offline support.

Both Zerodha and Upstox offer customer service through multiple channels and platforms. However, Zerodha has an edge over Upstox in terms of customer service as it has more branches across India and a larger customer base.

Conclusion

Zerodha and Upstox are both leading discount brokers in India that offer low-cost trading, advanced trading platforms, and various products and services. However, they also have some differences that can affect your choice depending on your preferences and goals.

Zerodha has an advantage over Upstox in terms of brokerage charges for intraday trades and futures and options trades, customer service, and a larger customer base.

Upstox has an advantage over Zerodha in terms of account opening charges, margin or leverage, and a more advanced trading platform.

Therefore, you should compare both Zerodha and Upstox on various parameters such as account opening charges, brokerage charges, trading platforms, margin/leverage, customer service, etc. and choose the one that suits your needs and expectations better.

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