FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
The brokerage of Upstox ranges between Rs 20, the brokerage of TradeSmart ranges between Rs 15, while the brokerage of Zerodha ranges between Rs 20. All 3 brokers are discount brokers. Overall rating for Upstox is 4.5, TradeSmart is rated 4, Zerodha is rated 4.5 out of 5.
Here we present side-by-side comparison of Upstox vs TradeSmart 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 TradeSmart 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 TradeSmart vs Zerodha in this setion with 360 degree view of broker information.
In this section we have compared Upstox vs TradeSmart vs Zerodha on trading & demat account opening charges and AMC. Trading account opening charges - Upstox charges Promotion offer: Free for account opening, TradeSmart charges Rs 200 for account opeing, and Zerodha charges Free for account opeing. Demat AMC charges - Upstox charges Free as AMC for Demat account, TradeSmart charges Rs 300 PA AMC for Demat account, where Zerodha charges Rs 300 PA AMC for Demat account.
Charges | Upstox | TradeSmart | Zerodha |
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Trading Account Opening Fees | Promotion offer: Free | Rs 200 | Free |
Trading AMC | Free | Free | Free |
Demat Account Opening Fees | Free | Rs 200 | Free |
Demat AMC | Free | Rs 300 PA | Rs 300 PA |
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Plans are the most important feature you look when compare Upstox vs TradeSmart vs Zerodha. This section copare on high level about type of plans offered by brokers. Miltiple Plans - TradeSmart offers Multiple Plans where Upstox and Zerodha doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
Plan Types | Upstox | TradeSmart | Zerodha |
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Multiple Plans | ![]() |
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Monthly Plans | ![]() |
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Yearly Plans | ![]() |
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Zerodha | Zerodha | Upstox | |
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Account Opening Request |
Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per order.
TradeSmart Brokerage Plan detail - 15 Rs Flat-rate power plan is good for big volume trader. This plan is good for traders who are not doing frequent trades but doing volume trade. This plan comes with up to 30x exposure on Equity.
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 | TradeSmart | Zerodha |
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Plan Name | Max Rs 20 Per Order Trading Plan | Flat Fee Rs 15 Trading Plan (Power Plan) | Max Rs 20 per order Trading Plan |
Equity Delivery | 2.5% or Rs 20 whichever is lower | Flat Fee Rs 15 | Free |
Equity Intraday | 0.05% or Rs 20 whichever is lower | Flat Fee Rs 15 | 0.03% or Rs 20 whichever is lower |
Equity Futures | 0.05% or Rs 20 whichever is lower | Flat Fee Rs 15 | 0.03% or Rs 20 whichever is lower |
Equity Options | Flat Fee Rs 20 | Flat Fee Rs 15 | Flat Fee Rs 20 |
Currency Futures | 0.05% or Rs 20 whichever is lower | Flat Fee Rs 15 | 0.03% or Rs 20 whichever is lower |
Currency Options | Flat Fee Rs 20 | Flat Fee Rs 15 | Flat Fee Rs 20 |
Commodity Trading | Flat Fee Rs 20 | Flat Fee Rs 15 | Flat Fee Rs 20 |
Minimum Brokerage | NIL | ||
Hidden Charges | Info Not Available | No | |
Call & Trade Charges | Rs 50 + 18% GST | Rs 20 per executed Order | Rs 50 Per Executable Order |
Auto Square off Charges | Rs 50 + 18% GST | Rs 20 per executed Order | Rs 50 Per Executable Order |
Brokerage Calculator | Brokerage Calculator for Upstox | Brokerage Calculator for TradeSmart | Brokerage Calculator for Zerodha |
Compare Upstox vs TradeSmart vs Zerodha on transaction charges and PCM fee by segment.
Transaction Charges Compare | Upstox | TradeSmart | Zerodha |
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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 360 Per Cr | Agri: Rs 275 Per Cr | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr |
Brokerage Charges | Complete Brokerage Plans for upstox | Complete Brokerage Plans for trade-smart-online | Complete Brokerage Plans for zerodha |
Compare Upstox vs TradeSmart 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 TradeSmart and Zerodha offers only 2-in-1 account which includes trading and demat account. Margin Funding - Upstox offers margin funding where TradeSmart and Zerodha doesn't offers margin funding. NRI Trading - Zerodha offers NRI Trading where Upstox and TradeSmart doesn't offers NRI Trading.
Account Features Compare | Upstox | TradeSmart | Zerodha |
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3 in 1 Account | ![]() |
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Charting | ![]() |
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Algo Trading | ![]() |
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SMS Alerts | ![]() |
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Online Demo | ![]() |
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Online Portfolio | ![]() |
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Margin Trading Funding Available | ![]() |
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Combined Ledger for Equity and Commodity | ![]() |
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Intraday Square-off Time | 3:15PM | 3:15PM | 3:20 PM |
NRI Trading | ![]() |
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Other Features | NIL | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w Upstox vs TradeSmart 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.
Compare Upstox vs TradeSmart 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 - Upstox and Zerodha offers online mutual fund investment where TradeSmart doesn't offers mutual fund investment. Portfolio Management Services (PMS) - All 3 brokers doesn't offer PMS facility.
Investment Offerings Compare | Upstox | TradeSmart | Zerodha |
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Equity Cash and F&O | ![]() |
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Currency Deravitives | ![]() |
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Commodity | ![]() |
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Online IPO Application | ![]() |
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Mutual Funds | ![]() |
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Bond / NCD | ![]() |
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ETF | ![]() |
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Banking | ![]() |
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Insurance | ![]() |
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Forex | ![]() |
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MF SIP Investment | ![]() |
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Equity SIP Investment | ![]() |
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PMS Service | ![]() |
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Other Investment Options | NIL | NIL | NIL |
Compare Upstox vs TradeSmart 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 Service Compare | Upstox | TradeSmart | Zerodha |
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24/7 Customer Service | ![]() |
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Email Support | ![]() |
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Onine Live Chat | ![]() |
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Phone Support | ![]() |
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Toll Free Number | ![]() |
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Through Branches | ![]() |
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Customer Care Number | +91 22 6130 9999 | 022 61208000 | "+ 91 80 4040 2020" |
Account Opening Process | Online/Paperless | Online/Paperless | Online/Paperless |
Customer Support Email | [email protected] | [email protected] | [email protected] |
Knowledge Center/Education | https://upstox.com/help-center/ | https://help.tradesmartonline.in/ | https://zerodha.com/varsity/ |
Head Office Address | Upstox Corporate Office Sunshine Tower, 30th Floor, Senapati Bapat Marg, Dadar (W), Mumbai - 400 013 |
Trade Smart Online, A-401, Mangalya, Marol Maroshi Road, Andheri East, Gamdevi, Marol, Andheri East, Mumbai, MH 400059 |
Zerodha Headquater #153/154 4th Cross Dollars Colony, Opp. Clarence Public School, J.P Nagar 4th Phase, Bangalore - 560078 |
Website | https://upstox.com/ | https://tradesmartonline.in/ | https://zerodha.com/ |
Compare Upstox vs TradeSmart vs Zerodha on research reports and tips provided by broker.
Upstox | TradeSmart | Zerodha | |
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Research Mutual Funds | ![]() |
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Research Equity Reports | ![]() |
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Research ETF | ![]() |
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Daily Market Report | ![]() |
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Free Tips | ![]() |
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Quarterly Result Analysis | ![]() |
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News Alerts | ![]() |
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Compare Upstox vs TradeSmart vs Zerodha on Demat Service and Charges. This section cover about demat charges, demat service and other details
Upstox | TradeSmart | Zerodha | |
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DP Source | CDSL | CDSL | CDSL |
DP ID | 81800 | 30400 | 81600 |
Demat Account Annual Maintenance Charges(AMC) | ₹300 PA | ₹300 pa | ₹300 pa |
Advance Deposit | NIL | NIL | Nil |
Statutory charges | Nil | Nil | ₹50 |
Transaction Charges on Debit (Per ISIN) | ₹13 + ₹5.50 CDSL charges | ₹25 | ₹8 + ₹5.50 (CDSL Charges) per transaction |
Demat | ₹20 + ₹50 courier charges | ₹500 per certificate (Min ₹500 per request) | ₹150 per certificate + ₹100 courier charges |
Remat | ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) | ₹500 per certificate (Min ₹500 per request) | ₹150 per certificate + ₹100 courier charges + CDSL Charges |
Pledge Creation | 0.02% of the transaction value (Min ₹50) + CDSL charges | ₹200 per script ₹50 for trading margin each side |
₹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 | ₹200 per script | ₹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) | ₹200 per script | ₹20 |
Failed Instruction Charges | ₹50 | Nil | ₹50 per instraction |
Other Charges |
Compare Upstox vs TradeSmart vs Zerodha on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
Upstox | TradeSmart | Zerodha | |
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Likes |
Before you open an Upstox account, check out the advantages on why to trade with Upstox.
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Check out the key advantages, reasons, or benefits on Why Choose TradeSmart For Stock Trading?
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You will enjoy many benefits or advantages while trading with Zerodha;
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Dislikes |
There are some setbacks or disadvantages also while trading with Upstox;
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There are several disadvantages or limitations as well of trading with TradeSmart such as follows;
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Special Offers/Promo | Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs | Free Account Opening, Rs 400 Waived for a limited time. | 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 TradeSmart | Enquire for Zerodha |
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