Upstox Vs Groww (Compare Upstox and Groww)

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

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

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

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

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

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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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

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	9 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
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

Upstox Vs Groww Investment Options

	Upstox	Groww
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options		Digital Gold, US Stocks, Fixed Deposits

Upstox Vs Groww Order Type Offered

	Upstox	Groww
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)

Upstox Vs Groww Research Report

	Upstox	Groww
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Upstox Vs Groww Suitable For Investor Type

	Upstox	Groww
Casual Investor
Active Investor
Trader

Upstox Vs Groww - Pros and Cons

	Upstox	Groww
Pros	Upstox basic plan offers brokerage free trading in Equity Delivery segment. No brokerage for equity delivery trades. Free trading software including mobile and web trading app. Advance orders including AMO, CO and BO are available. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all. AmiBroker connector available for Algo Trading. Mutual Funds are available for investment. Higher leverage is available under different brokerage plan. 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
Promo / Offers	Get 30 Days Unlimited Trading Join over 20 lakh traders. Open an account and get 30 days unlimited brokerage credit. Trade in Intra-day and F&O Trades at flat Rs 20 per order. Request Callback