Upstox Vs SBICAP Securities Vs Zerodha: Which one is better?

The brokerage of Upstox ranges between Rs 20, the brokerage of SBICAP Securities ranges between .05 to 0.50%, while the brokerage of Zerodha ranges between Rs 20. The broker Upstox and Zerodha are discount brokers where SBICAP Securities is a full service broker. Overall rating for Upstox is 4.5, SBICAP Securities is rated 4, Zerodha is rated 4.5 out of 5.

Here we present side-by-side comparison of Upstox vs SBICAP Securities 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 SBICAP Securities 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 SBICAP Securities vs Zerodha in this setion with 360 degree view of broker information.

Compare 2 Brokers

Compare Upstox vs SBICAP Securities vs Zerodha on Service

	Upstox	SBICAP Securities	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	NSE, BSE	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.	Open a Demat & Trading Account with India’s leading SBI bank-based full-service broker, SBI Securities. A comprehensive range of products, an integrated 3-in-1 account, easy-to-use mobile app and website, fundamental and technical research ...	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

Account Opening Charges and AMC

Compare Upstox vs SBICAP Securities vs Zerodha on Trading & Demat Account Opening Charges

In this section we have compared Upstox vs SBICAP Securities vs Zerodha on trading & demat account opening charges and AMC. Trading account opening charges - Upstox charges Promotion offer: Free for account opening, SBICAP Securities charges Rs 850 for account opeing, and Zerodha charges Free for account opeing. Demat AMC charges - Upstox charges Free as AMC for Demat account, SBICAP Securities charges Rs 500 PA AMC for Demat account, where Zerodha charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Upstox vs SBICAP Securities vs Zerodha
Charges	Upstox	SBICAP Securities	Zerodha
Trading Account Opening Fees	Promotion offer: Free	Rs 850	Free
Trading AMC	Free	Free	Free
Demat Account Opening Fees	Free	Free	Free
Demat AMC	Free	Rs 500 PA	Rs 300 PA
Provide DP Service

About Brokerage Plans

Compare Upstox vs SBICAP Securities vs Zerodha on Plan Options

Plans are the most important feature you look when compare Upstox vs SBICAP Securities vs Zerodha. This section copare on high level about type of plans offered by brokers. Miltiple Plans - All 3 brokers don't have Multiple Plans, brokers offer only single plan. Monthlay Plans - All 3 brokers don't have Monthy Plans.

Compare Upstox vs SBICAP Securities vs Zerodha on Plan Options
Plan Types	Upstox	SBICAP Securities	Zerodha
Multiple Plans
Monthly Plans
Yearly Plans

Account Opening Request

Account Opening

	Zerodha	Zerodha	Upstox
Account Opening Request	Open Zerodha Account Now>>	Open Zerodha Account Now>>	Open Upstox Account Now>>

Brokerage Charges

Compare Upstox vs SBICAP Securities vs Zerodhaon Brokerage Charges

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

SBICAP Securities Brokerage Plan detail - This is a standard plan by SBI Securities. This is a fixed percentage-based brokerage plan. Brokerage is between .05% to .5%, which is 5 paisa to 50 paise.

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 SBICAP Securities vs Zerodha
Brokerage Charges Compare	Upstox	SBICAP Securities	Zerodha
Plan Name	Max Rs 20 Per Order Trading Plan	Standard or default brokerage plan	Max Rs 20 per order Trading Plan
Equity Delivery	2.5% or Rs 20 whichever is lower	0.50%	Free
Equity Intraday	0.05% or Rs 20 whichever is lower	0.05%	0.03% or Rs 20 whichever is lower
Equity Futures	0.05% or Rs 20 whichever is lower	0.05%	0.03% or Rs 20 whichever is lower
Equity Options	Flat Fee Rs 20	Rs 100 Per Lot	Flat Fee Rs 20
Currency Futures	0.05% or Rs 20 whichever is lower	0.03%	0.03% or Rs 20 whichever is lower
Currency Options	Flat Fee Rs 20	Rs 30 Per Lot	Flat Fee Rs 20
Commodity Trading	Flat Fee Rs 20	Rs. 100 per lot	Flat Fee Rs 20
Minimum Brokerage		Rs 0.05 for Cash, Rs 0.01 Future	NIL
Hidden Charges	Info Not Available	Info Not Available
Call & Trade Charges	Rs 50 + 18% GST	Free First 30 calls per month, after Rs 10 per call - Max 3 scripts can be trade per call.	Rs 50 Per Executable Order
Auto Square off Charges	Rs 50 + 18% GST	First Free 30 per month, after Rs 10 per square-off	Rs 50 Per Executable Order
Brokerage Calculator	Brokerage Calculator for Upstox	Brokerage Calculator for SBICAP Securities	Brokerage Calculator for Zerodha

Share Broker's Transaction Charges

Compare Upstox vs SBICAP Securities vs Zerodha on Transaction Charges

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

Transaction Charges - Compare Upstox vs SBICAP Securities vs Zerodha
Transaction Charges Compare	Upstox	SBICAP Securities	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	NA	Non-Agri: Rs 360 Per Cr \| Agri: Rs 275 Per Cr
Brokerage Charges	Complete Brokerage Plans for upstox	Complete Brokerage Plans for sbicap-securities	Complete Brokerage Plans for zerodha

Account Features

Compare Upstox vs SBICAP Securities vs Zerodha on Account Features

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

Account Features - Upstox vs SBICAP Securities vs Zerodha
Account Features Compare	Upstox	SBICAP Securities	Zerodha
3 in 1 Account
Charting
Algo Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Intraday Square-off Time	3:15PM	3:15PM	3:20 PM
NRI Trading
Other Features	NIL	Trading software terminal: ODIN Diet	NIL

Trading Platform

Compare Upstox vs SBICAP Securities vs Zerodhaon Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Upstox vs SBICAP Securities 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 SBICAP Securities vs Zerodha
Trading Platform Compare	Upstox	SBICAP Securities	Zerodha
Web Trading Platform
Web Trading Detail	https://pro.upstox.com/	https://login1.sbismart.com/nidp/app/login	Zerodha Kite Web
Web Trading Demo	Web Trading Demo	Web Trading Demo	Web Trading Demo
Mobile Trading
Mobile Trading App	Upstox	SBISMART	Zerodha Kite App
Mobile Trading App Demo	Upstox Demo	SBISMART Demo	Zerodha Kite App Demo
Android Mobile App
Android App Download	Andriod Upstox Download	Andriod SBISMART Download	Andriod Download
iPhone Mobile App (IOS)
iOS App Download	iOS Upstox Download	iOS SBISMART Download	iOS Zerodha Kite App Download
Android Tablet App
iPad App (IOS)
Trading Software Charges	Free	Free	Free
Equity Brokerage Calculator	Equity Intraday and Delivery Brokerage Calculator for Upstox	Equity Intraday and Delivery Brokerage Calculator for SBICAP Securities	Equity Intraday and Delivery Brokerage Calculator for Zerodha
Futures Brokerage Calculator	Futures Brokerage Calculator for Upstox	Futures Brokerage Calculator for SBICAP Securities	Futures Brokerage Calculator for Zerodha
Options Brokerage Calculator	Options Brokerage Calculator for Upstox	Options Brokerage Calculator for SBICAP Securities	Options Brokerage Calculator for Zerodha
Detail	Detail on Trading Platforms for upstox	Detail on Trading Platforms for sbicap-securities	Detail on Trading Platforms for zerodha

Broker Ratings by Users

Compare Upstox vs SBICAP Securities vs Zerodha on User Rating

	Upstox	SBICAP Securities	Zerodha
	12 Customer Reviews	78 Customer Reviews	160 Customer Reviews
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	SBICAP Securities is Rated 2.7 / 5 based on 78 customer reviews	Zerodha is Rated 3.9 / 5 based on 160 customer reviews

Investment Offerings

Compare Upstox vs SBICAP Securities vs Zerodha on Investment Offerings

Compare Upstox vs SBICAP Securities 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 - Upstox and Zerodha offers Commodity Trading where SBICAP Securities doesn't offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - All 3 brokers doesn't offer PMS facility.

Investment Offerings - Compare Upstox vs SBICAP Securities vs Zerodha
Investment Offerings Compare	Upstox	SBICAP Securities	Zerodha
Equity Cash and F&O
Currency Deravitives
Commodity
Online IPO Application
Mutual Funds
Bond / NCD
ETF
Banking
Insurance
Forex
MF SIP Investment
Equity SIP Investment
PMS Service
Other Investment Options	NIL	NIL	NIL

Customer Service Offered

Compare Upstox vs SBICAP Securities vs Zerodha on Customer Service

Compare Upstox vs SBICAP Securities 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 SBICAP Securities vs Zerodha
Customer Service Compare	Upstox	SBICAP Securities	Zerodha
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches
Customer Care Number	+91 22 6130 9999	022 6854 5555	"+ 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.sbismart.com/education	https://zerodha.com/varsity/
Head Office Address	Upstox Corporate Office Sunshine Tower, 30th Floor, Senapati Bapat Marg, Dadar (W), Mumbai - 400 013	SBICAP SECURITIES LTD., A&B WING, MARATHON FUTUREX 12TH FLOOR, N.M.JOSHI MARG LOWER PAREL, MUMBAI - 400013	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.sbismart.com	https://zerodha.com/

Tips/Research/Reports Published

Compare Upstox vs SBICAP Securities vs Zerodha on Research Reports, Tips

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

Research Reports - Compare Upstox vs SBICAP Securities vs Zerodha
	Upstox	SBICAP Securities	Zerodha
Research Mutual Funds
Research Equity Reports
Research ETF
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Demat Account

Compare Upstox vs SBICAP Securities vs Zerodha on Demat Account

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

Demat Charges - Compare Upstox vs SBICAP Securities vs Zerodha
	Upstox	SBICAP Securities	Zerodha
DP Source	CDSL	CDSL	CDSL
DP ID	81800	47200	81600
Demat Account Annual Maintenance Charges(AMC)	₹300 PA	₹500	₹300 pa
Advance Deposit	NIL	0 for all	Nil
Statutory charges	Nil	Nil	₹50
Transaction Charges on Debit (Per ISIN)	₹13 + ₹5.50 CDSL charges	0.01% of the transaction value (Min ₹21 and Max ₹300)	₹8 + ₹5.50 (CDSL Charges) per transaction
Demat	₹20 + ₹50 courier charges	₹5 per certificate + ₹35 courier charges	₹150 per certificate + ₹100 courier charges
Remat	₹100 for every hundred securities or ₹25 per certificate (whichever is higher)	₹35 per certificate + CDSL Charges	₹150 per certificate + ₹100 courier charges + CDSL Charges
Pledge Creation	0.02% of the transaction value (Min ₹50) + CDSL charges	0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges	₹20 + ₹12 CSDL charges
Pledge Creation Confirmation	0.02% of the transaction value (Min ₹50) + CDSL charges	0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges	Nil
Pledge Closure	0.02% of the transaction value (Min ₹50) + CDSL charges	0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges	₹20 + ₹12 CSDL charges
Pledge Closure Confirmation	0.02% of the transaction value (Min ₹50) + CDSL charges	0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges	Nil
Pledge Invocation	0.05% of the transaction value (Min ₹50)	0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges	₹20
Failed Instruction Charges	₹50	₹10	₹50 per instraction
Other Charges

Special Offers,Advantages,Disadvantages

Compare Upstox vs SBICAP Securities vs Zerodha on Special Offers and Promotion

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

Compare Upstox vs SBICAP Securities vs Zerodha on Special Offers and Promotion
	Upstox	SBICAP Securities	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...	Trade on BSE, NSE, and MCX. Instant paperless 3-in-1 account opening with SBI Bank. Free web and app-based trading platforms. Invest in IPO, mutual funds, insurance, and get loans. Place upto 5 IPO applications from a single bank account. Comprehensive fundamental and technical research services across asset classes. Free trading tips and recommendations. Educative blogs, and videos as a learning source. Margin trading services. Advance orders; bracket order (BO), Cover order (CO), and after market order (AMO). Place Good Till Date (GTD) order. 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 charges high brokerage than other brokers like Zerodha, Upstox, etc. It does not provide any desktop trading software for pro traders. The first 30 calls & trade orders are free and then, Rs. 10 per order + GST fee is charged. It doesn’t have any fixed/flat discount brokerage plan. Customers are not satisfied with the SBI Securities services. 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.
	Enquire for Upstox	Enquire for SBICAP Securities	Enquire for Zerodha

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Transaction Charges Compare	Upstox	SBICAP Securities	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	NA	Non-Agri: Rs 360 Per Cr \| Agri: Rs 275 Per Cr
Brokerage Charges	Complete Brokerage Plans for upstox	Complete Brokerage Plans for sbicap-securities	Complete Brokerage Plans for zerodha