Upstox Vs Groww (Compare Upstox and Groww)

The side-by-side comparison of Upstox and Groww. Compare Upstox Vs Groww brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Upstox vs Groww?


Upstox
Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro Web and Upstox Pro Mobile trading platforms. Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix. Upstox trading platform offers trading, analysis, charting and many more rich trading features. This platfo... Know more about Upstox


Groww
Groww is a Bangalore based broker offering online flat fee discount brokerage services to invest in Equity, IPO, and Direct Mutual Funds. Groww is the brand name for Nextbillion Technology Private Limited who is a SEBI registered stockbroker and a member of NSE and BSE. Established in 2016, Groww initially started as a direct mutual fund investment platform. In the mid-2020s, Groww expanded its product offering to include Equity trading. The company also offers Digital gold, US Stocks, and Fixe... Know more about Nextbillion Technology pvt ltd

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Upstox Vs Groww

Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

  Upstox Groww
Type of Broker Discount Broker Discount Broker
Supported Exchnages BSE, NSE, MCX NSE and BSE
Account Type Upstox Basic Standard Plan
Year of Incorporation 2012 2016
Number of Branches 4 0
Broker Enquiry Open an Online Trading Account with Upstox. Leave your contact info and we will get in touch with you.
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Upstox Vs Groww Charges & AMC

Upstox trading account opening charges is Rs 249 while Groww account opening changes is Rs 0. Upstox Demat Account AMC Charges is Rs 300 and Groww Demat Account AMC Charges is Rs 0.

  Upstox Groww
Trading Account Opening Charges Rs 249 Rs 0
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0
Demat Account AMC Charges Rs 300 Rs 0
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Upstox Vs Groww Brokerage Charges & Plans

Upstox Vs Groww Brokerage

Upstox brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or 0.05% whichever is lower whereas Groww brokerage charges for equity is Rs 20 per executed order or 0.05% whichever is lower and intraday is Rs 20 per executed order or 0.05% whichever is lower.

  Upstox Groww
Account Type Upstox Basic Standard Plan
Fixed Charges NA NA
Equity Delivery Brokerage Rs 0 (Free) Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Brokerage Rs 20 per executed order or 0.05% whichever is lower Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage Rs 20 per executed order or 0.05% whichever is lower Rs 20 per executed order or 0.05% whichever is lower
Equity Options Brokerage Rs 20 per executed order Rs 20 per executed order
Currency Futures Trading Brokerage Rs 20 per executed order or 0.05% whichever is lower NA
Currency Options Trading Brokerage Rs 20 per executed order NA
Commodity Futures Trading Brokerage Rs 20 per executed order or 0.05% whichever is lower NA
Commodity Options Trading Brokerage Rs 20 per executed order NA
Special Offer
Special Offer:

30 days unlimited brokerage credit + Flat Rs 20 per order for Intra-day and F&O. Get the Exclusive Offer

Upstox Vs Groww Brokerage Plan 2

  Upstox Groww
Account Type Upstox Priority (Higher Margin) Standard Plan
Fixed Charges NA NA
Equity Delivery Brokerage Rs 0 Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Brokerage Rs 30 per executed order or 0.10% whichever is lower Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage Rs 30 per executed order or 0.10% whichever is lower Rs 20 per executed order or 0.05% whichever is lower
Equity Options Brokerage Rs 30 per executed order Rs 20 per executed order
Currency Futures Trading Brokerage Rs 30 per executed order or 0.10% whichever is lower NA
Currency Options Trading Brokerage Rs 30 per executed order NA
Commodity Futures Trading Brokerage Rs 30 per executed order or 0.10% whichever is lower NA
Commodity Options Trading Brokerage Rs 30 per executed order NA

Upstox Charges Vs Groww

Minimum Brokerage Charges 0.05% Rs 20 or 0.05% per executed order
Other Brokerage Charges Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50
Call & Trade Charges Rs 20 per trade NA
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Upstox Vs Groww Transaction Charges

Upstox transaction charges for options is NSE Rs 5500 per Cr (0.055%) (on premium) while Groww exchange transaction charges for options is NA.

  Upstox Groww
Equity Delivery NSE Rs 325 per Cr (0.00325%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE Rs 210 per Cr (0.0021%) NA
Equity Options NSE Rs 5500 per Cr (0.055%) (on premium) NA
Currency Futures NSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%) NA
Currency Options NSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium) NA
Commodity Group A - Rs 290 per Cr (0.0029%) NA
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Upstox Vs Groww Leverage (Margin)

Upstox provides the margin of Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x for intraday trades whereas the Groww margin for intraday cash is Up to 8x (based on the stock).

  Upstox Groww
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x Up to 8x (based on the stock)
Equity Futures Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x NA
Equity Options Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x NA
Currency Futures Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x NA
Currency Options Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x NA
Commodity Futures Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x NA
Commodity Options NA
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Compare Upstox and Groww Features

The trading platforms offered Upstox include Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola. Groww offers Groww trading software.

  Upstox Groww
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Available No No
Margin Against Shares (Equity Cash) Yes No
Margin Against Shares (Equity F&O) Yes No
Trading Platform Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola Groww
Intraday Square-off Time 3:15 PM 3:10 PM
Other Features Option strategy builder
Referral Program Yes
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Upstox Vs Groww Review

Upstox is rated 2.5 of 5 based on 100 customer reviews whereas Groww is rated 3.9 of 5 based on 9 customer reviews.

  Upstox Groww
  100 Customer Reviews    Rate Upstox 9 Customer Reviews    Rate Groww
Fees 3.5 4.3
Trading Brokerage 3.6 4.3
Trading Platform Usability 2.7 3.7
Customer Service 2.4 3.6
Research Capabilities 2.4 2.2
Overall Ratings Rated 2.5 stars Rated 3.9 stars
Broker Rating Upstox is rated 2.5 of 5 based on 100 customer reviews Groww is rated 3.9 of 5 based on 9 customer reviews
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Contact Broker / Request A Call Back

  Upstox Enquire Groww Enquire
Contact Broker

30 days unlimited brokerage credit + Flat Rs 20 per order for Intra-day and F&O. Get the Exclusive Offer

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Upstox Vs Groww Investment Options

  Upstox Groww
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
Initial Public Offers (IPO) Yes Yes
Mutual Funds No Yes
Bond / NCD No No
Debt No Yes
Other Investment Options Digital Gold, US Stocks, Fixed Deposits
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Upstox Vs Groww Order Type Offered

  Upstox Groww
Bracket Order Yes No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) No Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) No No
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Upstox Vs Groww Research Report

  Upstox Groww
Daily Market Report No No
Free Tips No No
Quarterly Result Analysis No No
News Alerts No No
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Upstox Vs Groww Suitable For Investor Type

  Upstox Groww
Casual Investor Yes
Active Investor Yes
Trader Yes
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Upstox Vs Groww - Pros and Cons

  Upstox Groww
Pros
  1. Upstox basic plan offers brokerage free trading in Equity Delivery segment.
  2. No brokerage for equity delivery trades.
  3. Free trading software including mobile and web trading app.
  4. Advance orders including AMO, CO and BO are available.
  5. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all.
  6. AmiBroker connector available for Algo Trading.
  7. Mutual Funds are available for investment.
  8. Higher leverage is available under different brokerage plan.
  9. Online IPO, FPO, Bonds and NCD's are available.
Cons
  • No margin funding.
  • No equity 'good till cancelled' orders.
  • Unlimited monthly plans not available.
  • Additional fee for call & trader.
  • Additional fee for square off done by the broker.
  • Higher demat debit transaction charges.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and Demat Account.
  • Doesn't offer BTST facility.
Reviews
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