Broker comparison
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| Attribute | Zerodha | Upstox |
|---|---|---|
| Brokerage | ₹20 / Intraday & F&O order | ₹20 / Intraday & F&O order |
| Type | Discount broker | Discount broker |
| Account opening | Free (₹0) | Free (₹0) |
| AMC | ₹300/yr | ₹0 |
| Equity delivery | ₹0 | ₹0 |
| Intraday / F&O | ₹20 per order | ₹20 per order |
| DP charges | ₹13.5 + 18% GST = ₹15.93 per ISIN | ₹18.5 per scrip |
| SEBI registration | INZ000031633 | INZ000185137 |
| Charges last verified | 20 Oct 2026 | 20 Oct 2026 |
| Our rating | Rating 4.8 | Rating 4.5 |
| Best for | Self-directed traders who want the lowest cost per order | Chartists and algo traders wanting a low-cost API |
| Hidden charges to watch | DP charges ₹13.5 + GST per scrip when you sell; call & trade ₹50 per order | DP charges per scrip on sale; call & trade ₹25 per order; API fees beyond the free tier |
| Segments | Equity, F&O, Currency, Commodity, Mutual funds | Equity, F&O, Commodity, Currency, Mutual funds |
| F&O (all segments) | ₹20 per order | ₹20 per order |
| Highlights | Kite web & mobile, Coin mutual funds, Varsity learning, Kite Connect API | Upstox Pro web, Coins & MF, Option chain analytics, Open API |
| Open account | Zerodha | Upstox |
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