FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
Loading...

Upstox Vs Groww: Which one is better?

Both the brokers are registered with SEBI. Upstox offers investmenet in Equity, F&O, Currency and Commodities, where Groww offers investment in Equity, F&O and Currency only. The brokerage of Upstox Max Rs 20 per trade while the brokerage of Groww Max Rs 20 per trade. Both the brokers are Discount Brokers. Upstox is having overall higher rating compare to Groww. Upstox is rated 4.5 out of 5 where Groww is rated only 4 out of 5. Number of active customer for Groww is 91,85,024 where number of active customer for Upstox is 24,01,555. Groww is serving more customer compare to Upstox.

Here we present side-by-side comparison of Upstox vs Groww share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Upstox vs Groww's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Upstox vs Groww share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Upstox vs Groww's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Upstox vs Groww on Service

  Upstox Compare
Upstox
Groww Compare
Groww
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX NSE, BSE
Active Clients 24,01,555 91,85,024
Broker Overview Rs 20 flat brokerage fee, brokerage-free investment in mutual funds and state-of-the-art technology platforms (Upstox Pro and Upstox) with a host of features for traders and investors alike make Upstox one of the best discount brokers in India. Groww is the top broker for beginners to invest in direct mutual funds for Free and trade in stocks at a Rs 20 flat fee! Also, its easy-to-use, crystal clear user interface, and safe & secure Groww app and web-based platform makes investing hassl...Know more about Groww
Broker Enquiry Request call back from Upstox Request call back from Zerodha
Expand

Account Opening Charges and AMC

Compare Upstox vs Groww on Trading & Demat Account Opening Charges

Comparison of Upstox with Groww on trading & demat account opening charges and AMC. Trading account opening charges - Groww offer Free account opening where Upstox charges Promotion offer: Free for account opening. Demat AMC charges - Both broker don't charge any AMC for Demat Account.

Trading & Demat Account Opening Charges - Compare Upstox with Groww
Charges Upstox Groww
Trading Account Opening Fees Promotion offer: Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Free
Provide DP Service Yes Yes
Expand

About Brokerage Plans

Compare Upstox vs Groww on Plan Options

Plans are the most important feature you look when compare Upstox with Groww. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Upstox with Groww on Plan Options
Plan Types Upstox Groww
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
Expand

Account Opening Request

Account Opening

  Upstox Zerodha
Account Opening Request
Expand

Brokerage Charges

Compare Upstox vs Groww on Brokerage Charges

Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per order.

Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.

Brokerage Charges - Compare Upstox with Groww
Brokerage Charges Compare Upstox Groww
Plan Name Max Rs 20 Per Order Trading Plan Flat Brokerage Plan
Equity Delivery 2.5% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Intraday 0.05% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Futures 0.05% or Rs 20 whichever is lower Flat Fee Rs 20
Equity Options Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.05% or Rs 20 whichever is lower Not Available
Currency Options Flat Fee Rs 20 Not Available
Commodity Trading Flat Fee Rs 20 Not Available
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges Rs 50 + 18% GST Rs 50 Per Executable Order
Auto Square off Charges Rs 50 + 18% GST Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for Upstox Brokerage Calculator for Groww
Expand

Share Broker's Transaction Charges

Compare Upstox vs Groww on Transaction Charges

Compare Upstox with Groww on transaction charges and PCM fee by segment.

Transaction Charges - Compare Upstox with Groww
Transaction Charges Compare Upstox Groww
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr NA
Brokerage Charges Complete Brokerage Plans for upstox Complete Brokerage Plans for groww
Expand

Account Features

Compare Upstox vs Groww on Account Features

Compare Upstox with Groww on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Upstox offers 3-in-1 account where Groww offers only 2-in-1 account which includes trading and demat account. Algo Trading - Upstox offers Algo Trading where Groww doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - both doesn't offer NRI Trading facility.

Account Features - Upstox with Groww
Account Features Compare Upstox Groww
3 in 1 Account Yes, Upstox have 3-in-1 accounts. Bank Account, Demat and Trading account. No Upstox have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes No
SMS Alerts Yes No
Online Demo Yes No
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15PM 3:10 PM
NRI Trading No No
Other Features NIL NIL
Expand

Trading Platform

Compare Upstox vs Groww on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Upstox and Groww. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Upstox with Groww
Trading Platform Compare Upstox Groww
Desktop Trading Platform Upstox Pro Groww App
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) No No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://pro.upstox.com/ Yes
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Upstox Groww App
Mobile Trading App Demo Upstox Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Upstox Download Andriod Groww App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Upstox Download iOS Groww App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Upstox Equity Intraday and Delivery Brokerage Calculator for Groww
Futures Brokerage Calculator Futures Brokerage Calculator for Upstox Futures Brokerage Calculator for Groww
Options Brokerage Calculator Options Brokerage Calculator for Upstox Options Brokerage Calculator for Groww
Detail Detail on Trading Platforms for upstox Detail on Trading Platforms for groww

Expand

Broker Ratings by Users

Compare Upstox vs Groww on User Rating

  Upstox Groww
  12 Customer Reviews    Rate Upstox 7 Customer Reviews    Rate Groww
Fees Ratings 3.5 4.4
Trading Brokerage Rating 3.8 3.7
Trading Platform Usability 3.7 4.1
Customer Service Ratings 3.5 3.3
Overall Ratings 3.7 4.1
Broker Rating Upstox is Rated 3.7 / 5 based on 12 customer reviews Groww is Rated 4.1 / 5 based on 7 customer reviews
Expand

Investment Offerings

Compare Upstox vs Groww on Investment Offerings

Compare Upstox with Groww on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Upstox offers trading options in Commodity (MCX) where Groww doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Upstox with Groww
Investment Offerings Compare Upstox Groww
Equity Cash and F&O Yes Yes
Currency Deravitives Yes No
Commodity Yes No
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD No No
ETF Yes Yes
Banking No No
Insurance No No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes No
PMS Service No No
Other Investment Options NIL NIL
Expand

Order Types

Compare Upstox vs Groww on Order Types

Order Type - Compare Upstox with Groww on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Upstox provide Cover Orders (CO) where Groww doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Upstox provide Bracket Orders (BO) where Groww doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- Upstox offers After Market Orders where Groww doesn't offers AMO. GTC Orders- Upstox offers Good Till Cancelled (GTC) orders where Groww doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Upstox with Groww
Order Type Compare Upstox Groww
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes No
AMO-After Market Orders Yes No
GTC-Good Till Cancelled Yes No
Expand

Customer Service Offered

Compare Upstox vs Groww on Customer Service

Compare Upstox with Groww on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Upstox with Groww
Customer Service Compare Upstox Groww
24/7 Customer Service Upstox vs Groww - 24x7 customer support No No
Email Support Upstox vs Groww - Email Support Yes Yes
Onine Live Chat Upstox vs Groww - Onine Live Chat Yes Yes
Phone Support Upstox vs Groww - Phone Support Yes Yes
Toll Free Number Upstox vs Groww - Toll Free Number No No
Through Branches Upstox vs Groww - Through Branches Yes No
Customer Care Number Upstox vs Groww - Customer Care Number +91 22 6130 9999 9108800604
Account Opening Process Upstox vs Groww - Account Opening Process Online/Paperless Online
Customer Support Email Upstox vs Groww - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Upstox vs Groww - Knowledge Center/Education https://upstox.com/help-center/ https://groww.in/academy
Head Office Address Upstox vs Groww - Head Office Address/Corporate Address Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website Upstox vs Groww - Company Website https://upstox.com/ https://groww.in/
Expand

Tips/Research/Reports Published

Compare Upstox vs Groww on Research Reports, Tips

Compare Upstox with Groww on research reports and tips provided by the broker.

Research Reports - Compare Upstox with Groww
  Upstox Groww
Research Mutual Funds Upstox vs Groww - Research Mutual Funds No No
Research Equity Reports Upstox vs Groww - Research Equity Reports No No
Research ETF Upstox vs Groww - Research ETF No No
Daily Market Report Upstox vs Groww - Daily Market Report No No
Free Tips Upstox vs Groww - Free Tips No No
Quarterly Result Analysis Upstox vs Groww - Quarterly Results No No
News Alerts Upstox vs Groww - No No
Expand

Demat Account

Compare Upstox vs Groww on Demat Account

Compare Upstox with Groww on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Groww is Zero where for Upstox is ₹300 PA.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Upstox is ₹13 + ₹5.50 CDSL charges where for Groww is ₹8 + ₹5.50 CDSL charges.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Upstox with Groww
  Upstox Groww
DP Source CDSL CDSL
DP ID Upstox vs Groww - DP ID 81800 No
Demat Account Annual Maintenance Charges(AMC) ₹300 PA Zero
Advance Deposit NIL Nil
Statutory charges Nil Legal Charges
Transaction Charges on Debit (Per ISIN) ₹13 + ₹5.50 CDSL charges ₹8 + ₹5.50 CDSL charges
Demat ₹20 + ₹50 courier charges ₹150 per certificate + courier charges
Remat ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) ₹150 per certificate + courier charges
Pledge Creation 0.02% of the transaction value (Min ₹50) + CDSL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation 0.02% of the transaction value (Min ₹50) + CDSL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure 0.02% of the transaction value (Min ₹50) + CDSL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation 0.02% of the transaction value (Min ₹50) + CDSL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation 0.05% of the transaction value (Min ₹50) ₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges ₹50 ₹50
Other Charges Nil Nil
Expand

Special Offers,Advantages,Disadvantages

Compare Upstox vs Groww on Special Offers and Promotion

Compare Upstox with Groww on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Upstox vs Groww on Special Offers and Promotion
  Upstox Groww
Pay In and Pay Out Options Upstox vs Groww - Pay In and Pay Out Options pay-in/adding funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro
Pau-out/Fund Withdrawal - Bank Transfer only
pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Upstox vs Groww - Payout Time Max 24 hrs except bank holidays Max 24 hrs except bank holidays
Bank Supported and Charges Upstox vs Groww - Bank Supported and Charges Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service. Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.
Bank Detail HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
Info Not Available
Likes

Before you open an Upstox account, check out the advantages on why to trade with Upstox.

  • No account opening charges and Zero Demat maintenance charge.
  • Cheapest flat brokerage of Rs 20 per order
  • Best platforms for traders and investors
  • Invest in mutual funds and IPOs for free.
  • Invest across global companies in 25+ countries.
  • Advanced orders like bracket order, cover order, AMO, and GTT order.
  • Advanced Pro web and mobile app-based trading platforms.
  • TradingView charts, multiple technical indicators, and drawing tools
  • Margin Trading Facility and margin against shares
  • Free API access
  • UpLearn free learning platform

Detail Review...

  • Trade or invest in equity, F&O, mutual funds, IPO, US Stocks
  • Rs 0 account opening fee with no AMC
  • Best UI Interface-enabled app and website
  • Equity and F&O trading at Rs 20 maximum brokerage
  • No cost investment in direct mutual funds.
  • TradingView charts and wide range of technical indicators
  • Advance orders like GTT, Target order, and Basket order
  • Get instant and flexible loans on Groww
  • Get the latest trending news and updates on the Groww Digest

Detail Review...

Dislikes

There are some setbacks or disadvantages also while trading with Upstox;

  • Unlike top brokers like Zerodha and Fyers, Upstox does not offer free delivery trading.
  • Upstox does not have unlimited monthly trading plan.
  • It does not provide stock trading tips and recommendations.
  • Does not offer NRI trading.
  • 24/7 customer service is not available.

Detail Review...

  • Does not offer commodity and currency trading
  • No desktop trading terminal
  • Bracket order and cover order are not available
  • No intraday trading tips and stock research reports
  • NRIs cannot open an account in Groww

Detail Review...

Special Offers/Promo Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs
Enquiry Open Upstox Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-12-15T00:33:11+00:00