Upstox
SEBI
Zerodha
SEBI
Upstox vs Zerodha
Head-to-Head Comparison 2026
Our Verdict
Zerodha has a higher rating of 4.4/5 compared to Upstox (3.9/5). Upstox has been in the market since 2009, making it the more experienced provider.
Comparison Table
| Criteria | Upstox | Zerodha |
|---|---|---|
| Rating | 3.9/5 (1600 reviews) | 4.4/5 (2500 reviews)✓ |
| Regulation | SEBI | SEBI |
| Fees | ₹0 for delivery, ₹20 per intraday/F&O order | ₹0 for delivery, ₹20 per order (intraday/F&O) |
| Min. Deposit | 0 ₹ | 0 ₹ |
| Instruments | Indian Stocks, F&O, Commodities, Currency, Mutual Funds, IPOs | Indian Stocks, F&O, Commodities, Currency, Mutual Funds, Bonds |
| Platforms | Upstox Pro App, Upstox Pro Web | Kite Web, Kite App, Console |
| Options Trading | Yes, F&O on NSE/BSE | Yes, Indian stock options (NSE/BSE) |
| Founded | 2009 | 2010 |
| Headquarters | Mumbai | Bangalore |
Detailed Comparison
Fee Comparison
Upstox: ₹0 for delivery, ₹20 per intraday/F&O order. Minimum deposit: 0 ₹.
Zerodha: ₹0 for delivery, ₹20 per order (intraday/F&O). Minimum deposit: 0 ₹.
Product Range
Upstox (6 categories)
Zerodha (6 categories)
Trading Platforms
Upstox
- Upstox Pro App
- Upstox Pro Web
Zerodha
- Kite Web
- Kite App
- Console
Regulation & Security
Upstox is regulated by SEBI (HQ: Mumbai).
Zerodha is regulated by SEBI (HQ: Bangalore).
Who Is It For?
Upstox
Indian discount broker with Ratan Tata investment and modern app
✓ Free delivery trading on NSE and BSE
✓ Modern Upstox Pro platform with TradingView charts
✓ Notable investors (Ratan Tata, Tiger Global)
✗ Only Indian markets accessible
✗ Occasional server outages during high volume
Zerodha
India's largest discount broker with over 15 million customers
✓ No fees for delivery trades (stocks/ETFs)
✓ Kite platform: modern, fast and intuitive
✓ SEBI-regulated and India's largest broker
✗ Only Indian markets, no international access
✗ No phone customer service (tickets only)
Frequently Asked Questions
Is Upstox or Zerodha cheaper?
Which broker offers more products: Upstox or Zerodha?
Which broker is better regulated?
Is Upstox or Zerodha better for beginners?
Upstox vs Zerodha: Which broker is better overall?
Upstox
Indian discount broker with Ratan Tata investment and modern app
Open Account →From 0 ₹ min. deposit
Zerodha
India's largest discount broker with over 15 million customers
Open Account →From 0 ₹ min. deposit