FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
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Upstox Vs Sharekhan Vs Zerodha: Which one is better?

The brokerage of Upstox ranges between Rs 20, the brokerage of Sharekhan ranges between 0.1 to 0.5%, while the brokerage of Zerodha ranges between Rs 20. The broker Upstox and Zerodha are discount brokers where Sharekhan is a full service broker. Overall rating for Upstox is 4.5, Sharekhan is rated 4, Zerodha is rated 4.5 out of 5.

Here we present side-by-side comparison of Upstox vs Sharekhan vs Zerodha stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared Upstox vs Sharekhan vs Zerodha on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better Upstox vs Sharekhan vs Zerodha in this setion with 360 degree view of broker information.

Compare Upstox vs Sharekhan vs Zerodha on Service

  Upstox Compare
Upstox
Sharekhan Compare
Sharekhan
Zerodha Compare
Zerodha
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Discount Broker Full Service Broker Discount Broker
Exchanges Supported NSE, BSE, MCX BSE, NSE, MCX, NCDEX NSE, BSE, MCX
Broker Overview Rs 20 flat brokerage fee, brokerage-free investment in mutual funds and state-of-the-art technology platforms (Upstox Pro and Upstox) with a host of features for traders and investors alike make Upstox one of the best discount brokers in India. Sharekhan is one of the oldest and the most popular full-service broker with the best platforms, powerful Trade Tiger terminal, free research & advisory, portfolio management services, and exceptionally great customer services with dedicated relation...Know more about Sharekhan Zerodha is India's leading discount broker offering free account opening, free equity and mutual fund investment, Rs 20 flat brokerage trading, and a user-friendly Kite trading platform.
Broker Enquiry Request call back from Sharekhan Request call back from Zerodha Request call back from Upstox
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Account Opening Charges and AMC

Compare Upstox vs Sharekhan vs Zerodha on Trading & Demat Account Opening Charges

In this section we have compared Upstox vs Sharekhan vs Zerodha on trading & demat account opening charges and AMC. Trading account opening charges - Sharekhan and Zerodha offer Free account opening where Upstox charges Promotion offer: Free for account opeing. Demat AMC charges - Upstox charges Free as AMC for Demat account, Sharekhan charges Rs 400 PA (Free for 1st year)) AMC for Demat account, where Zerodha charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Upstox vs Sharekhan vs Zerodha
Charges Upstox Sharekhan Zerodha
Trading Account Opening Fees Promotion offer: Free Free Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Free Rs 400 PA (Free for 1st year)) Rs 300 PA
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare Upstox vs Sharekhan vs Zerodha on Plan Options

Plans are the most important feature you look when compare Upstox vs Sharekhan vs Zerodha. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Sharekhan offers Multiple Plans where Upstox and Zerodha doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.

Compare Upstox vs Sharekhan vs Zerodha on Plan Options
Plan Types Upstox Sharekhan Zerodha
Multiple Plans No Yes No
Monthly Plans No No No
Yearly Plans No No No
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Account Opening Request

Account Opening

  Sharekhan Zerodha Upstox
Account Opening Request
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Brokerage Charges

Compare Upstox vs Sharekhan vs Zerodhaon Brokerage Charges

Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per order.

Sharekhan Brokerage Plan detail - Sharekhna have % base brokerage plan. They have one of the best plan for in Currency future. Equity Intraday, Future & Option and commodities trading prices are on higher range and Equity Delivery trading is on average brokerage level with compare to other full service brokers. No Minimum brokerage.

Zerodha Brokerage Plan detail - Zerodha charges Rs 20 or .03%, whichever is lower, for equity Intraday, F&O, commodity and currency on NSE, BSE and MCX. No upfront brokerage or turnover commitments on your trade. Rs 20 is the maximum brokerage you need to pay per executable order. Zero brokerage on equity delivery trading.

Brokerage Charges - Compare Upstox vs Sharekhan vs Zerodha
Brokerage Charges Compare Upstox Sharekhan Zerodha
Plan Name Max Rs 20 Per Order Trading Plan Sharkehan Brokerage Plan Max Rs 20 per order Trading Plan
Equity Delivery 2.5% or Rs 20 whichever is lower 0.30% Free
Equity Intraday 0.05% or Rs 20 whichever is lower 0.02% 0.03% or Rs 20 whichever is lower
Equity Futures 0.05% or Rs 20 whichever is lower 0.02% 0.03% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 20 Rs 20 per lot Flat Fee Rs 20
Currency Futures 0.05% or Rs 20 whichever is lower 0.02% 0.03% or Rs 20 whichever is lower
Currency Options Flat Fee Rs 20 Rs 5 per lot Flat Fee Rs 20
Commodity Trading Flat Fee Rs 20 Rs 20 per lot Flat Fee Rs 20
Minimum Brokerage Rs 20 NIL
Hidden Charges Info Not Available No
Call & Trade Charges Rs 50 + 18% GST Free Rs 50 Per Executable Order
Auto Square off Charges Rs 50 + 18% GST Free Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for Upstox Brokerage Calculator for Sharekhan Brokerage Calculator for Zerodha
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Share Broker's Transaction Charges

Compare Upstox vs Sharekhan vs Zerodha on Transaction Charges

Compare Upstox vs Sharekhan vs Zerodha on transaction charges and PCM fee by segment.

Transaction Charges - Compare Upstox vs Sharekhan vs Zerodha
Transaction Charges Compare Upstox Sharekhan Zerodha
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for upstox Complete Brokerage Plans for sharekhan Complete Brokerage Plans for zerodha
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Account Features

Compare Upstox vs Sharekhan vs Zerodha on Account Features

Compare Upstox vs Sharekhan vs Zerodha on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Upstox offers 3-in-1 Account where Sharekhan and Zerodha offers only 2-in-1 account which includes trading and demat account. Margin Funding - Upstox and Sharekhan offers margin funding where Zerodha doesn't offers margin funding. NRI Trading - Sharekhan and Zerodha offers NRI Trading where Upstox doesn't offers NRI Trading.

Account Features - Upstox vs Sharekhan vs Zerodha
Account Features Compare Upstox Sharekhan Zerodha
3 in 1 Account Yes, Upstox have 3-in-1 accounts. Bank Account, Demat and Trading account. No Upstox have 2-in-1 account. Only Demate and Trading account. No Zerodha have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes Yes
Algo Trading Yes No Yes
SMS Alerts Yes Yes No
Online Demo Yes Yes Yes
Online Portfolio Yes Yes Yes
Margin Trading Funding Available Yes Yes No
Combined Ledger for Equity and Commodity Yes Yes Yes
Intraday Square-off Time 3:15PM 3:15PM 3:20 PM
NRI Trading No Yes Yes
Other Features NIL NIL NIL
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Trading Platform

Compare Upstox vs Sharekhan vs Zerodhaon Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Upstox vs Sharekhan vs Zerodha. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.

Trading Platform - Compare Upstox vs Sharekhan vs Zerodha
Trading Platform Compare Upstox Sharekhan Zerodha
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://pro.upstox.com/

https://www.sharekhan.com/

Zerodha Kite Web

Web Trading Demo Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Trading Yes Yes Yes
Mobile Trading App Upstox Sharekhan Zerodha Kite App
Mobile Trading App Demo Upstox Demo Sharekhan Demo Zerodha Kite App Demo
Android Mobile App Yes Yes Yes
Android App Download Andriod Upstox Download Andriod Sharekhan Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS Upstox Download iOS Sharekhan Download iOS Zerodha Kite App Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Free Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Upstox Equity Intraday and Delivery Brokerage Calculator for Sharekhan Equity Intraday and Delivery Brokerage Calculator for Zerodha
Futures Brokerage Calculator Futures Brokerage Calculator for Upstox Futures Brokerage Calculator for Sharekhan Futures Brokerage Calculator for Zerodha
Options Brokerage Calculator Options Brokerage Calculator for Upstox Options Brokerage Calculator for Sharekhan Options Brokerage Calculator for Zerodha
Detail Detail on Trading Platforms for upstox Detail on Trading Platforms for sharekhan Detail on Trading Platforms for zerodha

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Broker Ratings by Users

Compare Upstox vs Sharekhan vs Zerodha on User Rating

  Upstox Sharekhan Zerodha
  12 Customer Reviews    Rate Upstox 184 Customer Reviews    Rate Sharekhan 160 Customer Reviews    Rate Zerodha
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating Upstox is Rated 3.7 / 5 based on 12 customer reviews Sharekhan is Rated 3.6 / 5 based on 184 customer reviews Zerodha is Rated 3.9 / 5 based on 160 customer reviews
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Investment Offerings

Compare Upstox vs Sharekhan vs Zerodha on Investment Offerings

Compare Upstox vs Sharekhan vs Zerodha on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - All 3 brokers offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - Sharekhan offers PMS facility where Upstox and Zerodha doesn't offers PMS facility.

Investment Offerings - Compare Upstox vs Sharekhan vs Zerodha
Investment Offerings Compare Upstox Sharekhan Zerodha
Equity Cash and F&O Yes Yes Yes
Currency Deravitives Yes Yes Yes
Commodity Yes Yes Yes
Online IPO Application Yes No Yes
Mutual Funds Yes Yes Yes
Bond / NCD No Yes Yes
ETF Yes Yes Yes
Banking No No No
Insurance No Yes No
Forex No No No
MF SIP Investment Yes Yes Yes
Equity SIP Investment Yes No Yes
PMS Service No Yes No
Other Investment Options NIL NIL NIL
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Customer Service Offered

Compare Upstox vs Sharekhan vs Zerodha on Customer Service

Compare Upstox vs Sharekhan vs Zerodha on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare Upstox vs Sharekhan vs Zerodha
Customer Service Compare Upstox Sharekhan Zerodha
24/7 Customer Service No No No
Email Support Yes Yes Yes
Onine Live Chat Yes Yes No
Phone Support Yes Yes Yes
Toll Free Number No Yes No
Through Branches Yes Yes Yes
Customer Care Number +91 22 6130 9999 1800227500 "+ 91 80 4040 2020"
Account Opening Process Online/Paperless Offline Online/Paperless
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://upstox.com/help-center/ https://www.sharekhan.com/help/hello https://zerodha.com/varsity/
Head Office Address Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Sharekhan Limited,
10th Floor,
Beta Building,
Lodha iThink Techno Campus,

Kanjurmarg (East),
Mumbai-MH- 400042
Zerodha Headquater
#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore - 560078
Website https://upstox.com/ https://www.sharekhan.com https://zerodha.com/
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Tips/Research/Reports Published

Compare Upstox vs Sharekhan vs Zerodha on Research Reports, Tips

Compare Upstox vs Sharekhan vs Zerodha on research reports and tips provided by broker.

Research Reports - Compare Upstox vs Sharekhan vs Zerodha
  Upstox Sharekhan Zerodha
Research Mutual Funds No Yes No
Research Equity Reports No Yes No
Research ETF No Yes No
Daily Market Report No Yes No
Free Tips No Yes No
Quarterly Result Analysis No Yes No
News Alerts No Yes No
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Demat Account

Compare Upstox vs Sharekhan vs Zerodha on Demat Account

Compare Upstox vs Sharekhan vs Zerodha on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare Upstox vs Sharekhan vs Zerodha
  Upstox Sharekhan Zerodha
DP Source CDSL CDSL CDSL
DP ID 81800 36000 81600
Demat Account Annual Maintenance Charges(AMC) ₹300 PA ₹500 pa ₹300 pa
Advance Deposit NIL Rs. 500 Advance which will be adjusted against billing (Optional) .Tariff D-"Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure) Nil
Statutory charges Nil Actual Stamp Paper Charges ₹50
Transaction Charges on Debit (Per ISIN) ₹13 + ₹5.50 CDSL charges 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) ₹8 + ₹5.50 (CDSL Charges) per transaction
Demat ₹20 + ₹50 courier charges ₹5 per certificate (Min 50 per request) ₹150 per certificate + ₹100 courier charges
Remat ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) ₹50 per certificate or ₹50 for every hundred securities ₹150 per certificate + ₹100 courier charges + CDSL Charges
Pledge Creation 0.02% of the transaction value (Min ₹50) + CDSL charges 0.03% (Min ₹100) ₹20 + ₹12 CSDL charges
Pledge Creation Confirmation 0.02% of the transaction value (Min ₹50) + CDSL charges Nil Nil
Pledge Closure 0.02% of the transaction value (Min ₹50) + CDSL charges Nil ₹20 + ₹12 CSDL charges
Pledge Closure Confirmation 0.02% of the transaction value (Min ₹50) + CDSL charges Nil Nil
Pledge Invocation 0.05% of the transaction value (Min ₹50) Nil ₹20
Failed Instruction Charges ₹50 Nil ₹50 per instraction
Other Charges
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Special Offers,Advantages,Disadvantages

Compare Upstox vs Sharekhan vs Zerodha on Special Offers and Promotion

Compare Upstox vs Sharekhan vs Zerodha on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare Upstox vs Sharekhan vs Zerodha on Special Offers and Promotion
  Upstox Sharekhan Zerodha
Likes

Before you open an Upstox account, check out the advantages on why to trade with Upstox.

  • No account opening charges and Zero Demat maintenance charge.
  • Cheapest flat brokerage of Rs 20 per order
  • Best platforms for traders and investors
  • Invest in mutual funds and IPOs for free.
  • Invest across global companies in 25+ countries.
  • Advanced orders like bracket order, cover order, AMO, and GTT order.
  • Advanced Pro web and mobile app-based trading platforms.
  • TradingView charts, multiple technical indicators, and drawing tools
  • Margin Trading Facility and margin against shares
  • Free API access
  • UpLearn free learning platform

Detail Review...

  • Free account opening facility at zero fees.
  • Multiple brokerage plans for traders and investors.
  • In-house easy-to-use modern-technology web, app, and terminal-based trading platforms.
  • Free mutual fund investment at Rs. 0 brokerage.
  • Sharekhan NEO, a mutual fund Robo-advisory platform.
  • Intraday trading tips, recommendations, and stock market research & advisory
  • Invest in the basket of stocks (portfolio) and get timely recommendations.
  • Margin trading facility, portfolio management services, and loan against securities.
  • Free call and trade facility to customers.
  • Place bracket order, basket order, aftermarket order, and Good Till Date (GTD) order.
  • Free learning resources (Sharekhan classroom, articles & blogs) for stock market education.
  • A dedicated team of 7500+ relationship managers.

Detail Review...

You will enjoy many benefits or advantages while trading with Zerodha;

  • Rs 0 brokerage on investment in stocks
  • Flat Rs 20 intraday and F&O trades
  • Invest in direct mutual funds for free
  • Instant and paperless account opening and closure
  • Mainboard and SME IPO Apply via UPI
  • Modern platforms and apps for free of cost
  • Varsity, a free stock market learning platform
  • No upfront fee required
  • Advance orders; Basket order, Cover order (CO), After market order, GTT, etc.
  • Zero-level Debt Company.

Detail Review...

Dislikes

There are some setbacks or disadvantages also while trading with Upstox;

  • Unlike top brokers like Zerodha and Fyers, Upstox does not offer free delivery trading.
  • Upstox does not have unlimited monthly trading plan.
  • It does not provide stock trading tips and recommendations.
  • Does not offer NRI trading.
  • 24/7 customer service is not available.

Detail Review...

  • It doesn’t allow opening a 3-in-1 account.
  • High brokerage charge is the biggest drawback to trading with Sharekhan.
  • Does not offer Direct mutual fund.
  • Detail Review...

  • No intraday tips, equity research and advisory
  • No unlimited zero brokerage plan for intraday traders
  • No 3-in-1 account
  • Software glitches in Kite happens at certain times.
  • No Installable trading terminal
  • Zerodha has a separate platform for every investment product i.e., Kite for stocks, coin for mutual fund, Golden Pi for bonds, etc.

Detail Review...

Special Offers/Promo Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs Zero Brokerage for Equity Delivery and Zero Commission on Mutual Fund Investment (Direct Mutual Funds), Pay max Rs 20 for equity intraday, F&O, currency and commodity trading. No Hidden Charges.
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