Upstox vs Zerodha 2026: Which Broker is Better?
Compare Upstox and Zerodha side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Upstox
Zerodha
| Upstox | Zerodha | |
|---|---|---|
| BrokerRank Score | 3.2/5 | 3.3/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:5 | 1:5 |
| Regulation | SEBI | SEBI |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
Upstox (3.2/5) and Zerodha (3.3/5) are closely matched. Upstox has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowUpstox vs Zerodha: Key Differences
Upstox
Zerodha
WinnerStill deciding between Upstox and Zerodha?
Skip the back-and-forth — answer 4 quick questions and we'll match you to your best fit.
Fees Comparison
Upstox
Zerodha
Lower feesBrokerRank Verdict
Upstox scores 3.22/5 while Zerodha scores 3.26/5 in our independent rating.
Zerodha edges ahead overall, but Upstox may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.
Who Should Choose Which?
Upstox
3.2/5
Choose Upstox if you want…
- More established (est. 2009)
Zerodha
3.3/5
Choose Zerodha if you want…
Similar strengths to Upstox — compare below.
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both Upstox & Zerodha are available in
Frequently Asked Questions
1Is Upstox better than Zerodha?
Upstox (3.2/5) and Zerodha (3.3/5) are closely matched on our independent rating scale. The better choice depends on your priorities — fees, regulation, platforms, or available markets. See the full comparison above.
2Which has lower fees, Upstox or Zerodha?
Upstox offers spreads from 0 pips, while Zerodha starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Upstox vs Zerodha?
Upstox requires a minimum deposit of $0. Zerodha requires $0.
4Which broker is safer, Upstox or Zerodha?
Upstox is regulated by SEBI, while Zerodha holds licences from SEBI.
5What trading platforms do Upstox and Zerodha support?
Upstox supports Proprietary Web, Proprietary Mobile. Zerodha supports Proprietary Web, Proprietary Mobile.
6Can I use both Upstox and Zerodha?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
Related Guides
BrokerRank Research
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across our broker database
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
Featured
Deriv
4.0Capital at risk · T&Cs apply