Broker comparison
Upstox vs Zerodha: Charges and Platform Compared
Upstox and Zerodha are two of the 5 brokers on Market Dekho's broker comparison. For equity delivery, Upstox lists "₹20 per executed order" and Zerodha lists "₹0". On annual maintenance, Upstox lists "₹0 in year 1; then ₹300 + GST/year (non-BSDA)" and Zerodha lists "Free in year 1; then up to ₹300 + GST/year (lower on BSDA)". The two list identical text for 0 of the 5 rows compared.
Side by side
| Upstox | Zerodha | |
|---|---|---|
| Account opening | ₹0 | Free |
| Annual maintenance (AMC) | ₹0 in year 1; then ₹300 + GST/year (non-BSDA) | Free in year 1; then up to ₹300 + GST/year (lower on BSDA) |
| Equity delivery | ₹20 per executed order | ₹0 |
| Intraday / F&O | Intraday: ₹20 or 0.1%, lower. Futures: ₹20 or 0.05%, lower. Options: ₹20 flat | Intraday & futures: ₹20 or 0.03%, whichever lower. Options: ₹20 flat |
| Platform | Upstox Pro | Kite + Console |
Charges checked against each broker's own pricing page on 12 Oct 2026 for Zerodha, Upstox and Dhan. Groww and Angel One figures are from September 2026 — confirm them on the broker's site. Confirm on the broker's own site.
Upstox: account opening page →Zerodha: account opening page →
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Frequently asked questions
What is the difference between Upstox and Zerodha?
This page lists, row by row, what each broker publishes on its pricing page for account opening, annual maintenance (amc), equity delivery, intraday / f&o, platform. The two list identical text for 0 of 5 rows.
Which broker is better?
This page does not say. It shows listed charges and platforms side by side. The right broker depends on how often you trade, what you trade, and which features you use, and charges change without notice.
How current are these charges?
Charges checked against each broker's own pricing page on 12 Oct 2026 for Zerodha, Upstox and Dhan. Groww and Angel One figures are from September 2026 — confirm them on the broker's site.
Are there charges beyond brokerage?
Yes. STT, stamp duty, exchange charges, SEBI fees and GST apply on top of brokerage whichever broker you use. Our brokerage calculator shows how they add up.
Educational comparison, not investment advice or a recommendation of any broker. Market Dekho is not a SEBI-registered Research Analyst or Investment Adviser. Charges are as listed by each broker at the time stated and change without notice.