About 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 tra... 
About 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 Groww Invest Tech Pvt Ltd, which 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 offe...
Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE, BSE, MCX. It has 0 branches across India.
| Upstox | Groww | |
|---|---|---|
| Type of Broker | Discount Broker | Discount Broker |
| Exchnage Membership | BSE, NSE, MCX | NSE, BSE, MCX |
| Year of Incorporation | 2012 | 2016 |
| Number of Branches | 0 | |
| Open Upstox Account |
Upstox trading account opening charges is Rs 0 (Free) while Groww account opening changes is Rs 0 (Free). Upstox Demat Account AMC Charges is Rs 300 (Free for 1st Year) and Groww Demat Account AMC Charges is Rs 0.
| Upstox | Groww | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 (Free) | Rs 0 |
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 |
| Demat Account AMC Charges | Rs 300 (Free for 1st Year) | Rs 0 |
Upstox Brokerage Charges for equity is Rs 20 per executed order and intraday is Rs 20 per executed order or 0.1% whichever islower whereas Groww brokerage charges for equity is Rs 20 per order or 0.1% whichever is lower and Intraday is Rs 20 per order or 0.1% whichever is lower.
| Account Type | Upstox Default | Groww Standard Plan |
|---|---|---|
| Fixed Charges | NA | NA |
| Equity Delivery | Rs 20 per executed order | Rs 20 per order or 0.1% whichever is lower |
| Equity Intraday | Rs 20 per executed order or 0.1% whichever islower | Rs 20 per order or 0.1% whichever is lower |
| Equity Futures | Rs 20 per executed order or 0.05% whichever is lower | Rs 20 per executed order |
| Equity Options | Rs 20 per executed order | Rs 20 per executed order |
| Currency Futures | Rs 20 per executed order or 0.05% whichever is lower | NA |
| Currency Options | Rs 20 per executed order | NA |
| Commodity Futures | Rs 20 per executed order or 0.05% whichever is lower | Rs 20 per executed order or 0.05% whichever is low |
| Commodity Options | Rs 20 per executed order | Rs 20 per executed order or 0.05% whichever is low |
| Special Offer | Special Offer: Flat Brokerage: ₹20/order for Intraday, Delivery and F&O| ₹0 Account Opening charges| Zero Commissions on Mutual Funds | Special Offer: ₹0 Account Opening| ₹0 Annual Maintenance Charges| Trade across segments at ₹20/order| Free Mutual Funds Investment| Zero hidden charges. Open your FREE Groww Demat account |
| Minimum Brokerage | 0.05% | Rs 20 |
| Other Charges | Auto Square-off Charges: Rs 75 | Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50 |
| Call & Trade Charges | Rs 75 per trade | NA |
| Open Upstox Account |
Upstox margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Groww margin for intraday trading is up to 20% of the trade value (4x leverage) based on the stock.
| Upstox | Groww | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
| Open Upstox Account |
The trading platforms offered Upstox include Upstox Pro Mobile App, Upstox Pro Web. Groww offers Groww App, Groww Web trading software.
| Upstox | Groww | |
|---|---|---|
| 3 in 1 Account |  | |
| Automated Trading |  | |
| Margin Trading Funding | | |
| Margin Against Shares (Equity Cash) | | |
| Margin Against Shares (Equity F&O) | | |
| Trading Platform | Upstox Pro Mobile App, Upstox Pro Web | Groww App, Groww Web |
| Intraday Square-off Time | 3:00 PM | 3:10 PM |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | Option strategy builder, Chart360 | |
| Open Upstox Account |
Upstox is rated of 5 based on 150 customer reviews whereas Groww is rated of 5 based on 107 customer reviews.
| Upstox | Groww | |
|---|---|---|
150 Customer Reviews  | 107 Customer Reviews | |
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| Research Capabilities |  |  |
| Overall Rating |  | |
| Broker Rating | Upstox is Rated 2.4 / 5 based on 150 customer reviews | Groww is Rated 3.8 / 5 based on 107 customer reviews |
| Upstox | Groww | |
|---|---|---|
| Contact Broker | Flat Brokerage: ₹20/order for Intraday, Delivery and F&O| ₹0 Account Opening charges| Zero Commissions on Mutual Funds | ₹0 Account Opening| ₹0 Annual Maintenance Charges| Trade across segments at ₹20/order| Free Mutual Funds Investment| Zero hidden charges. Open your FREE Groww Demat account |
| Upstox | Groww | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Upstox | Groww | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Upstox | Groww | |
|---|---|---|
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| Reviews | Groww is a Bangalore based broker offering online services to invest in Equity, IPO, and Direct Mutual Funds. Groww is registered with SEBI as a stock broker in the name of NextBillion Technology Limited. Groww is also a member of the NSE, BSE, and CDSL depository. Groww is an online discount broker with a simple pricing model based on a flat fee. The company charges a lower of Rs 20 or 0.05% per executed trade and offers Free Mutual Fund services with no charges in investing or redemption of mutual funds. The account opening with Groww is also free with no maintenance charges. It does not offer any tips, recommendations, and research services. Groww offers its trading platform called Groww on web and mobile app to enjoy a seamless trading experience for its investors. | |
| Promo / Offers | Upstox Special OfferTrade Smarter With Upstox
| Groww Special OfferStart your investing journey with one of India’s most cost-effective platform.
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| Open Upstox Account |
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