ResourceIPO
HDFC Sky Vs Zerodha Vs Upstox: Which one is better?
Last updated August 22, 2026
This IPO News reference page covers “HDFC Sky Vs Zerodha Vs Upstox: Which one is better?”. The page is organized around compare stock brokers side-by-side, compare hdfc sky vs zerodha vs upstox on service, account opening charges and amc, compare hdfc sky vs zerodha vs upstox on trading & demat account opening charges, about brokerage plans. IPO News presents the structured facts and tables in its own layout and wording.
Topics Covered
- Compare Stock Brokers Side-by-Side
- Compare HDFC Sky vs Zerodha vs Upstox on Service
- Account Opening Charges and AMC
- Compare HDFC Sky vs Zerodha vs Upstox on Trading & Demat Account Opening Charges
- About Brokerage Plans
- Compare HDFC Sky vs Zerodha vs Upstox on Plan Options
- Account Opening
- Share Broker's Transaction Charges
- Compare HDFC Sky vs Zerodha vs Upstox on Transaction Charges
- Account Features
- Compare HDFC Sky vs Zerodha vs Upstox on Account Features
- Trading Platform
- Compare HDFC Sky vs Zerodha vs Upstox on Trading Platform
- Broker Ratings by Users
- Compare HDFC Sky vs Zerodha vs Upstox on User Rating
- Investment Offerings
- Compare HDFC Sky vs Zerodha vs Upstox on Investment Offerings
- Margin Trading Facility
- Compare HDFC Sky vs Zerodha vs Upstox on MTF
- API
- Compare HDFC Sky vs Zerodha vs Upstox on API Details
- Customer Service Offered
- Compare HDFC Sky vs Zerodha vs Upstox on Customer Service
- Tips/Research/Reports Published
- Compare HDFC Sky vs Zerodha vs Upstox on Research Reports, Tips
- Demat Account
- Compare HDFC Sky vs Zerodha vs Upstox on Demat Account
- Special Offers, Advantages, Disadvantages
- Compare HDFC Sky vs Zerodha vs Upstox on Special Offers and Promotion
- ✅ Pros
Key Facts
- India's trusted financial research platform since 2015. Live IPO GMP, subscription data, allotment status, Rights Issues, NCDs and unbiased stock broker reviews.
- Invest across segments under one roof – Stocks (NSE/BSE), F&O, commodity, IPOs, mutual funds, NPS
- High call and trade and auto-square off charges = Rs 75 per order
- 💹 Max ₹20 per Order Brokerage on Intraday, F&O, Commodities & Currency
- 📱 Kite & Coin – #1 Trading Platform & Mobile App
- 💹 Max ₹20 per Order Brokerage on All Trades
- Last Updated on Mon, Nov 24, 2025
Data Tables
| Segment |
HDFC Sky |
Zerodha |
Upstox |
| Trading Account Opening Fees |
Free |
Free |
Promotion offer: Free |
| Trading AMC |
Free |
Free |
Free |
| Demat Account Opening Fees |
Free |
Free |
Free |
| Demat AMC |
Rs 240 PA (Free for 1st year) |
Rs 300 PA (Free for 1st year) |
Rs 300 Per annum (Free for 1st year) |
| Provide DP Service |
Yes |
Yes |
Yes |
| Plan Types |
HDFC Sky |
Zerodha |
Upstox |
| Multiple Plans |
No |
No |
No |
| Monthly Plans |
No |
No |
No |
| Yearly Plans |
No |
No |
No |
|
HDFC Sky |
Zerodha |
Upstox |
| Account Opening Request |
|
Link to open account |
Link to open account |
| Transaction Charges Compare |
HDFC Sky |
Zerodha |
Upstox |
| Equity Delivery |
NSE:297 | BSE:375 Per Cr |
NSE:297 | BSE:375 Per Cr |
NSE:297 | BSE:375 Per Cr |
| Equity Intraday |
NSE:297 | BSE:375 Per Cr |
NSE:297 | BSE:375 Per Cr |
NSE:297 | BSE:375 Per Cr |
| Equity Futures |
NSE:173 | BSE:0 Per Cr |
NSE:173 | BSE:0 Per Cr |
NSE:173 | BSE:0 Per Cr |
| Equity Options |
NSE:3503 | BSE:3250 Per Cr on premium |
NSE:3503 | BSE:3250 Per Cr on premium |
NSE:3503 | BSE:3250 Per Cr on premium |
| Currency Futures |
NSE:35 | BSE:45 Per Cr |
NSE:35 | BSE:45 Per Cr |
NSE:35 | BSE:45 Per Cr |
| Currency Options |
NSE:3110 | BSE:100 Per Cr |
NSE:3110 | BSE:100 Per Cr |
NSE:3110 | BSE:100 Per Cr |
| Commodity |
MCX: 4180| NSE: 100 Per Cr |
MCX: 4180| NSE: 100 Per Cr |
MCX: 4180| NSE: 100 Per Cr |
| Brokerage Charges |
Complete Brokerage Plans for hdfc-sky |
Complete Brokerage Plans for zerodha |
Complete Brokerage Plans for upstox |
| Account Features Compare |
HDFC Sky |
Zerodha |
Upstox |
| 3 in 1 Account |
Yes |
No |
Yes |
| Charting |
Yes |
Yes |
Yes |
| Algo Trading |
No |
Yes |
Yes |
| SMS Alerts |
Yes |
No |
Yes |
| Online Demo |
Yes |
Yes |
Yes |
| Online Portfolio |
Yes |
Yes |
Yes |
| Margin Trading Funding Available |
Yes |
Yes |
Yes |
| Combined Ledger for Equity and Commodity |
Yes |
Yes |
Yes |
| Intraday Square-off Time |
3:15PM |
3:20 PM |
3:15PM |
| NRI Trading |
Yes |
Yes |
No |
| Other Features |
NIL |
NIL |
NIL |
| Trading Platform Compare |
HDFC Sky |
Zerodha |
Upstox |
| Web Trading Platform |
Yes |
Yes |
Yes |
| Web Trading Detail |
https://hdfcsky.com/ |
Zerodha Kite Web |
https://pro.upstox.com/ |
| Web Trading Demo |
Web Trading Demo |
Web Trading Demo |
Web Trading Demo |
| Mobile Trading |
Yes |
Yes |
Yes |
| Mobile Trading App |
HDFC Sky App |
Zerodha Kite App |
Upstox |
| Mobile Trading App Demo |
HDFC Sky App |
Zerodha Kite App |
Upstox |
| Android Mobile App |
Yes |
Yes |
Yes |
| Android App Download |
Android HDFC Sky App Download |
Android Zerodha Kite App Download |
Android Upstox Download |
| iPhone Mobile App (IOS) |
No |
Yes |
Yes |
| iOS App Download |
iOS HDFC Sky App Download |
iOS Zerodha Kite App Download |
iOS Upstox Download |
| Android Tablet App |
Yes |
Yes |
Yes |
| iPad App (IOS) |
Yes |
Yes |
Yes |
| Trading Software Charges |
Free |
Free |
Free |
| Equity Brokerage Calculator |
Equity Intraday and Delivery Brokerage Calculator for HDFC Sky |
Equity Intraday and Delivery Brokerage Calculator for Zerodha |
Equity Intraday and Delivery Brokerage Calculator for Upstox |
| Futures Brokerage Calculator |
Futures Brokerage Calculator for HDFC Sky |
Futures Brokerage Calculator for Zerodha |
Futures Brokerage Calculator for Upstox |
| Options Brokerage Calculator |
Option Brokerage Calculator for HDFC Sky |
Option Brokerage Calculator for Zerodha |
Option Brokerage Calculator for Upstox |
| Detail |
Detail on Trading Platforms for HDFC Sky |
Detail on Trading Platforms for Zerodha |
Detail on Trading Platforms for Upstox |
|
HDFC Sky |
Zerodha |
Upstox |
|
99 Customer reviews Rate |
162 Customer reviews Rate |
17 Customer reviews Rate |
| Fees Ratings |
2.5 |
4.0 |
3.6 |
| Trading Brokerage Rating |
2.1 |
4.4 |
3.5 |
| Trading Platform Usability |
3.0 |
3.7 |
3.5 |
| Customer Service Ratings |
2.8 |
3.8 |
3.3 |
| Overall Rating |
2.5 |
3.9 |
3.4 |
| Broker Rating |
HDFC Sky is Rated 2.5 / 5 based on 99 customer reviews |
Zerodha is Rated 3.9 / 5 based on 162 customer reviews |
Upstox is Rated 3.35 / 5 based on 17 customer reviews |
| Investment Offerings Compare |
HDFC Sky |
Zerodha |
Upstox |
| Equity Cash and F&O |
Yes |
Yes |
Yes |
| Currency Derivatives |
Yes |
Yes |
Yes |
| Commodity |
Yes |
Yes |
Yes |
| Online IPO Application |
Yes |
Yes |
Yes |
| Mutual Funds |
Yes |
Yes |
Yes |
| Bonds / NCD |
Yes |
Yes |
No |
| ETF |
Yes |
Yes |
Yes |
| Banking |
Yes |
No |
No |
| Insurance |
No |
No |
No |
| Forex |
No |
No |
No |
| MF SIP Investment |
Yes |
Yes |
Yes |
| Equity SIP Investment |
Yes |
Yes |
Yes |
| PMS Service |
No |
No |
No |
| Other Investment Options |
|
NIL |
NPS |
| MTF Compare |
HDFC Sky |
Zerodha |
Upstox |
| MTF Leverage |
– |
Upto 5x leverage on 1300+ stocks |
Upto 4x leverage |
| MTF Interest Rate |
– |
0.04% per day (14.6% per annum) |
₹20/day for every ₹40,000 – ₹50,000 (Varies by plan) |
| MTF Segment |
– |
Equity Delivery (NSE) |
Equity Delivery (NSE and BSE) |
| MTF Pledge Charges |
– |
₹15 per ISIN |
₹20 per ISIN |
| MTF Unpledged Charges |
– |
₹15 per ISIN |
₹20 per ISIN |
| Maximum MTF Funding |
– |
₹50 crore per account |
Maximum MTF Positions upto ₹5 crore with ₹3.75 crore MTF Funding |
| API Compare |
HDFC Sky |
Zerodha |
Upstox |
| API Type |
– |
Trading API Market Data API (Websocket API) Historical Data API Publisher API |
Market Data API (REST/WebSocket) Historical Data API Trading API (Order |
| API Charges |
– |
Kite Connect API: Rs 500 per month Personal: Free |
Free |
| Customer Service Compare |
HDFC Sky |
Zerodha |
Upstox |
| 24/7 Customer Service |
No |
No |
No |
| Email Support |
Yes |
Yes |
Yes |
| Online Live Chat |
No |
No |
Yes |
| Phone Support |
Yes |
Yes |
Yes |
| Toll Free Number |
No |
No |
No |
| Through Branches |
Yes |
Yes |
Yes |
| Customer Care Number |
1800 121 2109 |
"+ 91 80 4040 2020" |
+91 22 6130 9999 |
| Account Opening Process |
Online |
Online/Paperless |
Online/Paperless |
| Customer Support Email |
[email protected] |
[email protected] |
[email protected] |
| Knowledge Center/Education |
https://hdfcsky.com/learn |
https://zerodha.com/varsity/ |
https://upstox.com/help-center/ |
| Head Office Address |
LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA, 8 FLR, NEAR KANJURMARG RLYSTN, KANJURMARG,MUMBAI-MH-400042 |
Zerodha Headquater#153/154 4th Cross Dollars Colony,Opp. Clarence Public School,J.P Nagar 4th Phase,Bangalore – 560078 |
Upstox Corporate OfficeSunshine Tower,30th Floor,Senapati Bapat Marg,Dadar (W),Mumbai – 400 013 |
| Website |
https://hdfcsky.com/ |
https://zerodha.com/ |
https://upstox.com/ |
|
HDFC Sky |
Zerodha |
Upstox |
| Research Mutual Funds |
Yes |
No |
No |
| Research Equity Reports |
Yes |
No |
No |
| Research ETF |
Yes |
No |
No |
| Daily Market Report |
Yes |
No |
No |
| Free Tips |
Yes |
No |
No |
| Quarterly Result Analysis |
Yes |
No |
No |
| News Alerts |
Yes |
No |
No |
|
HDFC Sky |
Zerodha |
Upstox |
| DP Source |
CDSL |
CDSL |
CDSL |
| DP ID |
12400 |
81600 |
81800 |
| Demat Account Annual Maintenance Charges(AMC) |
₹750 pa |
₹300 pa |
₹300 PA |
| Advance Deposit |
Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- |
Nil |
NIL |
| Statutory charges |
Nil |
₹50 |
Nil |
| Transaction Charges on Debit (Per ISIN) |
0.04% (Min ₹20) + CDSL charges |
₹8 + ₹5.50 (CDSL Charges) per transaction |
₹13 + ₹5.50 CDSL charges |
| Demat |
₹5 per certificate + ₹35 request charges |
₹150 per certificate + ₹100 courier charges |
₹20 + ₹50 courier charges |
| Remat |
₹30 |
₹150 per certificate + ₹100 courier charges + CDSL Charges |
₹100 for every hundred securities or ₹25 per certificate (whichever is higher) |
| Pledge Creation |
Nil |
₹20 + ₹12 CDSL charges |
0.02% of the transaction value (Min ₹50) + CDSL charges |
| Pledge Creation Confirmation |
0.04% of transaction value (Min ₹40) |
Nil |
0.02% of the transaction value (Min ₹50) + CDSL charges |
| Pledge Closure |
Nil |
₹20 + ₹12 CDSL charges |
0.02% of the transaction value (Min ₹50) + CDSL charges |
| Pledge Closure Confirmation |
0.04% of transaction value (Min ₹40) |
Nil |
0.02% of the transaction value (Min ₹50) + CDSL charges |
| Pledge Invocation |
0.04% of transaction value (Min ₹40) |
₹20 |
0.05% of the transaction value (Min ₹50) |
| Failed Instruction Charges |
Nil |
₹50 per instraction |
₹50 |
| Other Charges |
Nil |
Nil |
Nil |
|
HDFC Sky |
Zerodha |
Upstox |
| Likes |
✅ Pros Free account opening Zero AMC (1st year) Flat ₹20 brokerage Invest in US stocks Free research & daily trading calls Advanced order types (BO, CO, OCO, GTT) No minimum balance Modern mobile app Detail Review… |
Enjoys a credible brand reputation Multiple products: Equity, F&O, IPO, MF, Bonds, G-secs, Cost-effective trading with flat fee and free investment in stocks, IPO, and mutual funds Hassle-free account opening Single margin account to trade in equity and commodity Zero minimum balance required in the Zerodha trading account Technologically advanced trading platforms and tools at no additional cost Add-on features like GTT order, alert trigger order, trade from charts, etc. Margin Trading Facility (MTF) Debt-free company Detail Review… |
Invest across segments under one roof – Stocks (NSE/BSE), F&O, commodity, IPOs, mutual funds, NPS Competitive and transparent brokerage charges along with free account opening services. Advanced trading platforms, suitable for both new investors and professional traders. Easy and paperless account opening with basic KYC documents required Charting, host of analytical tools, real-time market alerts, and fast order execution for speed and reliability Detail Review… |
| Dislikes |
❌ Cons Delivery trades not free (Zerodha offers free delivery) No desktop trading terminal Direct mutual funds are not supported Detail Review… |
Zerodha does not offer trading tips, research and advisory services. Software glitches in kite happen certain times. Zero brokerage unlimited trading plan is not offered. Detail Review… |
Delivery trading is not free, check free equity delivery brokers. NRI Trading not available, Check best NRI brokers. No intraday trading tips, investment recommendations, research, and advisory services. Some users reported technical glitches and bugs certain times. High call and trade and auto-square off charges = Rs 75 per order Detail Review… |
| Special Offers/Promo |
|
🎯 Current Promotion Offer from Zerodha for InvestorGain Visitors: 🆓 Free Account Opening 📈 Free Delivery Trading 💹 Max ₹20 per Order Brokerage on Intraday, F&O, Commodities & Currency 💰 Free Direct Mutual Funds & IPO Investment 📱 Kite & Coin – #1 Trading Platform & Mobile App 🚀 Open Instant Zerodha Account |
🔵 Current Offer from Upstox for InvestorGain Visitors: 🆓 Free Upstox Demat & Trading Account 📭 No AMC for the 1st Year 💹 Max ₹20 per Order Brokerage on All Trades 🌱 Free Mutual Funds & IPO Investment 🚀 Open Instant Free Upstox Account Now! |
|
|
Open Zerodha Account Now |
Open Upstox Account Now |
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