Zerodha vs Upstox 2026: Which Broker is Better?
Compare Zerodha and Upstox side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Zerodha
Upstox
| Zerodha | Upstox | |
|---|---|---|
| BrokerRank Score | 3.3/5 ✓ | 3.2/5 |
| 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 |
Zerodha (3.3/5) and Upstox (3.2/5) are closely matched. Zerodha has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowZerodha vs Upstox: Key Differences
Zerodha
WinnerUpstox
Still deciding between Zerodha and Upstox?
Skip the back-and-forth — answer 4 quick questions and we'll match you to your best fit.
Fees Comparison
Zerodha
Lower feesUpstox
BrokerRank Verdict
Zerodha scores 3.26/5 while Upstox scores 3.22/5 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?
Zerodha
3.3/5
Choose Zerodha if you want…
Similar strengths to Upstox — compare below.
Upstox
3.2/5
Choose Upstox if you want…
- More established (est. 2009)
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 Zerodha & Upstox are available in
Frequently Asked Questions
1Is Zerodha better than Upstox?
Zerodha (3.3/5) and Upstox (3.2/5) 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, Zerodha or Upstox?
Zerodha offers spreads from 0 pips, while Upstox starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Zerodha vs Upstox?
Zerodha requires a minimum deposit of $0. Upstox requires $0.
4Which broker is safer, Zerodha or Upstox?
Zerodha is regulated by SEBI, while Upstox holds licences from SEBI.
5What trading platforms do Zerodha and Upstox support?
Zerodha supports Proprietary Web, Proprietary Mobile. Upstox supports Proprietary Web, Proprietary Mobile.
6Can I use both Zerodha and Upstox?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
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