Zerodha
Upstox
VS
Compare
Zerodha
Capital at risk · T&Cs apply
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 | 3.1/5 ✓ | 3.1/5 |
| 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 (3.1/5) and Upstox (3.1/5) are closely matched. Zerodha has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowZerodha
WinnerUpstox
Zerodha
Lower feesUpstox
Zerodha scores 3.14/5 while Upstox scores 3.10/5 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.
Zerodha
3.1/5
Choose Zerodha if you want…
Similar strengths to Upstox — compare below.
Upstox
3.1/5
Choose Upstox if you want…
Zerodha (3.1/5) and Upstox (3.1/5) 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.
Zerodha offers spreads from 0 pips, while Upstox starts at 0 pips. Check the fees section above for a full breakdown.
Zerodha requires a minimum deposit of $0. Upstox requires $0.
Zerodha is regulated by SEBI, while Upstox holds licences from SEBI.
Zerodha supports Proprietary Web, Proprietary Mobile. Upstox supports Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across 345 brokers
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.