Zerodha Demat & Trading Account vs Upstox Demat & Trading Account— Detailed Comparison 2026
If you are deciding between Zerodha Demat & Trading Account and Upstox Demat & Trading Account, you are not alone — this is one of the most popular demat account comparisons in India. We have analyzed both products across all key parameters so you can see exactly how they stack up against each other.
Our Pick
Zerodha Demat & Trading Account
Zerodha
★★★★★★4.7
Active traders and self-directed investors who don't need advisory
Upstox Demat & Trading Account
Upstox
★★★★★4.2
Budget traders who want advanced charts without extra cost
Feature-by-Feature Comparison
| Feature | Zerodha Demat & Trading Account | Upstox Demat & Trading Account | Winner |
|---|---|---|---|
| Account Opening Charge | ₹200 | Free | Upstox |
| Annual Maintenance (AMC) | ₹300 | Free | Upstox |
| Equity Delivery Brokerage | Zero (free) | Zero (free) | Tie |
| Equity Intraday Brokerage | Rs 20 per order or 0.03%, whichever is lower | Rs 20 per order or 0.05%, whichever is lower | Tie |
| Futures Brokerage | Rs 20 per order or 0.03%, whichever is lower | Rs 20 per order or 0.05%, whichever is lower | Tie |
| Options Brokerage | Rs 20 per order (flat) | Rs 20 per order (flat) | Tie |
| Mutual Fund Commission | Zero — direct mutual funds only | Zero — direct mutual funds | Tie |
| Research Reports | ✘ | ✘ | Tie |
| Margin Trading | ✔ | ✔ | Tie |
| IPO Access | ✔ | ✔ | Tie |
| Mutual Funds | ✔ | ✔ | Tie |
| NFO Access | ✔ | ✔ | Tie |
| Best For | Active traders and self-directed investors who don't need advisory | Budget traders who want advanced charts without extra cost | Tie |
| Overall Rating | ★★★★★★4.7 | ★★★★★4.2 | Zerodha |
Pros & Cons
Zerodha Demat & Trading Account
+Advantages
- ✔India's largest broker with 1.5 crore+ active clients
- ✔Zero brokerage on equity delivery trades
- ✔Best-in-class Kite trading platform
- ✔Free direct mutual fund investments via Coin
- ✔Extensive educational content at Varsity
−Disadvantages
- ✘No research or advisory service
- ✘No 3-in-1 bank account integration
- ✘Customer support can be slow during peak hours
- ✘Rs 20 brokerage on intraday and F&O
Upstox Demat & Trading Account
+Advantages
- ✔Zero brokerage on equity delivery
- ✔Free account opening
- ✔Backed by Ratan Tata (investor)
- ✔Good charting tools and TradingView integration
- ✔Competitive F&O brokerage
−Disadvantages
- ✘App stability issues reported during volatility
- ✘Customer support can be slow
- ✘Limited research and advisory content
- ✘Platform not as polished as Zerodha Kite
Our Verdict: Zerodha Demat & Trading Account vs Upstox Demat & Trading Account
Based on our analysis, Zerodha Demat & Trading Account edges ahead with a rating of 4.7/5 compared to Upstox Demat & Trading Account's 4.2/5. With a difference of 0.5 points, Zerodha Demat & Trading Account offers a stronger overall package. However, Upstox Demat & Trading Account may be better suited for specific use cases — review the feature-by-feature comparison above to decide what works best for your needs.
Frequently Asked Questions
Which is better — Zerodha Demat & Trading Account or Upstox Demat & Trading Account?▾
Based on our analysis, Zerodha Demat & Trading Account scores higher with 4.7/5 compared to Upstox Demat & Trading Account's 4.2/5. However, the best choice depends on your specific requirements and priorities.
What is the difference between Zerodha Demat & Trading Account and Upstox Demat & Trading Account?▾
Zerodha Demat & Trading Account and Upstox Demat & Trading Account differ in several key areas including pricing, features, and target audience. Zerodha Demat & Trading Account is best for Active traders and self-directed investors who don't need advisory, while Upstox Demat & Trading Account is best for Budget traders who want advanced charts without extra cost. See the detailed comparison above for a feature-by-feature breakdown.
Is Zerodha Demat & Trading Account worth it in 2026?▾
Zerodha Demat & Trading Account carries a rating of 4.7/5 on IndiaBestProducts. It is considered a strong option in the Demat Account space. Review the pros and cons listed above to see if it matches your specific needs.
Is Upstox Demat & Trading Account worth it in 2026?▾
Upstox Demat & Trading Account has a rating of 4.2/5. It is recognized for its competitive features in the Demat Account category. Check the detailed specs above to determine if it suits your requirements.
Can I compare more than two demat account products?▾
Yes! Use our interactive comparison tool at /compare to compare up to 3 demat account products side by side. Select your preferred products and get an instant feature-by-feature comparison.
Read Full Reviews
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