Groww vs Upstox charges & review

This Groww vs Upstox page is structured as a decision guide for practical broker selection. Use the table as a current snapshot and verify final tariffs, platform terms, and support policies on official broker pages before trading.

Charges at a glance

Key charge differences

• Annual Maintenance Charges (AMC): Groww — ₹0 (Free for lifetime); Upstox — ₹0 first year; then ₹300 + GST/year for non-BSDA users.
• Brokerage Plan: Groww — Regular Groww online plan; Upstox — Regular Upstox pay-per-use plan.
• Equity Delivery Charges: Groww — Lower of ₹20 or 0.1%; Upstox — ₹20 per executed order.
• Equity Intraday Charges: Groww — Lower of ₹20 or 0.1%; Upstox — Lower of ₹20 or 0.05% per executed order.
• Equity Futures charges: Groww — ₹20 per executed order; Upstox — Lower of ₹20 or 0.05%.

Groww vs Upstox- Account Opening Charges

Brokerage plans

Also read: M.stock Review: A Closer Look at Mirae Asset’s Brokerage

Brokerage Charges

Groww vs Upstox: Exchange Transaction Charges

Groww Exchange Transaction Charges for Equity Futures are 0.002%, while Groww Exchange Transaction Charges for Equity Options are 0.053%. The Upstox Exchange Transaction Charges for Equity Future are NSE Rs 200 per Cr (0.002%), while the Upstox Exchange Transaction Charges for Equity Options are NSE Rs 5300 per Cr (0.053%) (on premium).

Groww vs Upstox – Account Features

Groww vs Upstox: Order Types

Both brokers provide CNC orders, MIS orders, and NRML orders. The distinction is made by the advance order type, which includes cover orders, bracket orders, AMO orders, and GTC orders. The distinction is made by the advance order type, such as cover order, bracket order, AMO order, and GTC orders.

Cover Orders (CO): Upstox provides Cover Orders (CO) that Groww does not. Cover Orders (CO) are set with a mandatory stop loss, and this is an intraday position. As this trade is placed with a mandatory SL, the broker will provide you with an extra margin via a cover order.

Bracket Orders (BO): Upstox offers Bracket Orders (BO) that Groww does not. By bracketing one order with two opposite-side orders, you may lock in a profit. A BUY order is covered by a high-side sell limit order and a low-side sell stop order. You will obtain a more significant margin in bracket order since you are minimizing your losses.

After Market Orders (AMO): Both brokers provide After Market Orders. 

GTC Orders: Both brokers support Good Till Cancelled (GTC) orders.

Also read: What is the best Stocks Investment method?

Upstox trading features

Intraday trading

• Receive up to a fivefold margin on the top 500 stocks.
• Conduct market research using TradingView and ChartIQ’s library resources.
• GTT will help you time your entry and exit effectively. Stop loss orders and set profit targets
• You may trade straight from the charts on TradingView.

Options trading

• Trade in deep ITM/OTM contracts
• Using the Margin Pledge tool, you can double your margin.
• Trade quickly with the help of the option chain.
• Pre-built Option Strategies

Upstox Chart

With Upstox, you get Tradingview premium free, a place that simplifies monitoring, analysing, and trading in financial markets, which normally costs 12,000 per year. There are other ways to get TradingView Premium for free.

You have the option of using TradingView or ChartIQ.

Conduct in-depth analysis of patterns using more than 100 studies and 80 different drawing tools.

Multi-chart view, with the ability to display up to eight charts on a single screen

Direct trading from charts

Groww: Advantages & Disadvantages

Upstox: Advantages & Disadvantages

Why choose Upstox

Reason to choose Upstox over Groww:

• After Market Order (AMO), Cover Order, and BO are all possible to be placed through mobile and online platforms respectively.
• Both the online and mobile versions provide Trailing-Stop/Stop-Loss (SL) features.
• Zero Demat AMC, completely free Demat account for life
• Provides trading for NRIs.
• Offers Mutual Fund Investment, and SIP Investment.
• Ratan Tata, Kalaari Capital, and GVK Davix are among the notable investors that have supported Upstox.
• Upstox provides traders with the most advanced available technologies. The Upstox Platform, which can be accessed on mobile and online, is widely considered to be among the most effective trading platforms for the Indian stock market.

Why choose Groww

Reason to choose Groww over Upstox:

• For delivery trading, Groww levies a fee of either Rs.20 per completed order or 0.05% of the order amount, whichever is lesser.
• Opening a Demat account online is completely paperless and comes with 128-bit SSL encryption.
• Get a free thorough stock analysis including business financials such as the profit and loss statement and the balance sheet, and choose the best shares for you to invest in.
• On purchases, there are no DP fees.
• Groww is a highly-rated smartphone app that facilitates investments in US stocks. However, Vested or Indmoney provides better options and services with lesser fees for investing in US stocks

Groww vs Upstox promotional offers

Currently, the promotional offers available for Upstox and Groww include the following:

Upstox Promotional Offers:

• Free Account Opening & Demat AMC: Right now, Upstox is giving away free account opening and demat account maintenance charges (AMC) for life. This keeps you from having to pay the account opening fee and the annual fees.
• Upstox Pro: If you want to use advanced features like margin trading, algo trading, and streaming market data, you can pay less for Upstox Pro compared to regular brokerage plans.
• Refer Friends and Earn: Upstox has a programme where you can get paid when your friends and family sign up. For every referral that works, you can get up to ₹200 and 20% brokerage sharing.

Groww Promotional Offers:

• Free Account Opening & Demat AMC: Just like Upstox, Groww lets you open an account and demat AMC for free for life.
• Free Mutual Funds and Equity Delivery: Groww doesn’t charge any fees for direct mutual fund investments or equity delivery trades, which means you hold stocks overnight. For long-term investors, this could be good.

Conclusion

Match each broker to your segment mix: Groww is often used for mutual-fund-first workflows and simpler equity UX; Upstox is commonly chosen for active trading, F&O, and terminal-style tools. Compare delivery, intraday, and F&O lines in the table above, then confirm live tariffs on official charge pages before opening or switching.

Key Takeaways

• Both Groww and Upstox are established discount brokers; totals differ by segment and add-ons.
• Groww is commonly used for MF-first flows; confirm US/international product fees separately if you need them.
• Upstox is often shortlisted for active trading and F&O; validate current brokerage and AMC on Upstox’s official site.
• No universal winner—use the charge table for your order mix, not star ratings or anecdotes.