Zerodha Vs Upstox

BROKER upstox review zerodha review
ACCOUNT OPENING Equity = Rs. 354, Commodity = Rs. 177 Equity = Rs. 300 Commodity = Rs. 200
BROKERAGE CHARGE Equity Delivery = Rs. 0, F&O, CDS and MCX = Rs. 20 or 0.01% (whichever is lower) Equity Delivery = Rs. 0, F&O, CDS and MCX = Rs. 20 or 0.01% (whichever is lower)
AMC Rs. 150 Rs. 300
DP CHARGES Rs. 18.5 + Tax Rs. 13.5 + Tax


Have you ever wondered why discount brokers (e.g Zerodha, RKSV (UPSTOX) and 5 Paisa Capital etc.) are charging very less and cheap brokerage when compared to full-service brokers like Sharekhan, ICICI Direct, HDFCsec, India Bulls etc.)?

Discount Brokers are the new brokers who only provide a trading platform to the investor but don’t give any advice. The investor has to do his or her homework and research and can trade their services.

Now coming back to question about trustworthy of discount brokers.


I can say that your fears are baseless.

  • Stock brokers are regulated by SEBI and strictly monitored by the exchanges.
  • They are subjected to strict compliances because the nature of work is financially sensitive. The comparison you’re making is with an unregulated industry like chit funds. The level of compliance cannot be compared at all.
  • There is nothing to worry about the authenticity of the stockbrokers as long as they are registered with SEBI. Stockbroking is a very regulated space in India and the stockbrokers have to pass through different levels of scrutiny.

I hope that you don’t find my answer biased. All the points I am writing are based on facts which can be verified online.

Stock brokers are playing a vital role in Trading & Investment

Currently Zerodha & Upstox are the best discount broker in India.

All three have some merits & demerits you have to choose according to your preferences.


Before selecting the broker, you have to know some important points..

1)  Choose a brokerage firm which provides comprehensive brokerage plans

2) Account Opening fees & AMC

3) Intraday Margin & Delivery Margin

4) Trading platform

5) Look for the online platform with advanced tools

6) Mutual Fund or SIP Investment is available or not.


I suggest go with our video on Zerodha Vs Upstox.

Yes, you can have multiple demat accounts in India.

However, the cons of multiple accounts are higher than the pros:

Cons: You have to pay the annual maintenance charges (AMC) for all the accounts. If you have 3 demat accounts, then you have to pay three times the AMC.

Pros: If you are working on some trading strategy like keeping one account with long term stocks and other with swing or intraday trading, then multiple accounts can help you to make a profitable trade. However, you can follow the same strategy even with a single demat account.

Note: Even if you have multiple demat accounts, you cannot apply for IPOs with the different account having the same PAN CARD. IPO applications with the same PAN card will be rejected.

There is no minimum balance that needs to be maintained in the Trading Account with any broker. There is no such clause in Discount Brokers to maintain the minimum balance. You can transfer funds as per your requirements for trading and later you can withdraw.

Do you know the trading costs that make a difference to your returns?

For most traders, trading costs are purely about the cost of brokerage. They tend to evaluate brokers purely based on the brokerage rate charged on equity and F&O. But you would be surprised to know that brokerage is only one of the costs that you incur when you trade. There are a number of charges involved while trading in India i.e. buying or selling of shares. Some charges are of broker and some are imposed by State and Central Government.

The list of charges is:

  • GST

Some hidden charges are:


So, always prefer a broker whose charges is less.

Yes, discount brokers like Zerodha and Upstox etc. provide investment in IPOs.

A Demat account is similar to any other bank account, except that it is used to hold securities and other financial instruments. As the procedure to open the demat account is almost the same across different firms and institutions, the list of mandatory documents required to register the account is also the same.

The different types of documents required for opening a Demat account are:
  • Copy of Pan Card.
  • Copy of Address Proof (Driving License, Election ID, Passport, Aadhar card, Bank Statement-Latest 1 month etc.).
  • Income Proof (ITR/1-month Salary Slip/ 6months Bank statement).
  • Personalized (Name mentioned in cheque) cancelled cheque
  • Passport size photographs.


  1. In case if you don’t have personalized cheque please add one-month bank statement along with cheque leaf.
  2. Income Proof is required only for F&O and Commodity.

Open a demat account with us in Zerodha, Upstox & 5 Paisa and get a lot of benefits:

  • Free advisory and technical tips.
  • Help you in managing your Portfolio.
  • Free Tutorial of trading platform provided by Upstox, Zerodha & 5 Paisa.
  • Technical and Fundamental report of different companies on a weekly and monthly basis.
  • Trading Strategies that will help you to become an independent trader.