Groww vs Upstox

Groww vs Upstox

Both Groww and Upstox are online discount brokers that provide services related to investing and trading in the Indian market. Both firms provide investors with the option to buy and sell a wide range of financial assets, such as equities, mutual funds, and exchange-traded funds (ETFs). Let’s have a look at the differences and similarities between Groww and Upstox in more depth.

Key Differences: Groww vs Upstox

Here are some key differences between the two:

Type of BrokerDiscount BrokerDiscount Broker
Exchange MembershipBSE, NSE, MCXNSE and BSE
Year of Incorporation20122016
Upstox trading charges

Upstox primarily provides services in the areas of stock trading, currency trading, commodity trading, futures and options trading, and investments in mutual funds and initial public offerings (IPOs). Groww provides an additional investing option in the form of purchasing US equities; however, the company charges higher transaction and processing costs when US accounts are funded. You may want to look at Vested, which is currently the most effective software for purchasing US equities from India.

Platforms for trading: Groww and Upstox both provide mobile and web-based trading platforms, but Upstox additionally offers a more complex platform known as Upstox Pro specifically for professional traders. Groww and Upstox both offer trading platforms.

Groww is known for providing excellent customer service, and the company has a dedicated support staff that is always ready to assist investors with any questions or concerns they may have. There is also a customer care staff available via Upstox; however, some customers have reported having to wait longer for help.

It would be inaccurate to conclude that Upstox is advantageous compared to Groww given that both brokers have their own set of advantages and disadvantages in this industry. When determining which broker would serve your interests as an investor most effectively, it is important to take into account your own tastes and requirements. The following are a handful of the many reasons why someone would find Upstox more appealing than Groww:

  • Advanced trading platform: Upstox has a more sophisticated trading platform known as Upstox Pro. This platform is intended for experienced traders and provides a wide variety of advanced features, including real-time market data, different order types, and complex charting tools. Upstox is a platform that can be more suitable for you if you are a more experienced trader who is seeking a more complex one.
  • Lower fees for larger trades: For its brokerage services, Upstox charges a fee that is both variable and proportional to the size of the transaction. This means that the amount of the fee that you pay for each trade is determined by the size of the trade. The cost is usually less for big trades than Groww’s fixed rate of Rs 20 per trade. If you want to make substantial transactions on a frequent basis, you may find that the commission structure offered by Upstox is more advantageous for your trading activities.
  • More focused on stock trading: Because its core offering is stock trading, Upstox may be a better option for you than other brokers, particularly if the trading of equities is your top consideration. Groww provides trading as one of its services, but in addition, it provides access to a larger variety of investment opportunities, such as direct mutual funds, ETFs, US equities, and loans.

It’s essential to note that the aforementioned factors are but a few of the many reasons why someone would choose Upstox vs Groww. You may place a higher priority on other aspects, such as the quality of customer service, the diversity of investment opportunities, or the dependability of the platform. Before settling on one broker over another, it is always a good idea to perform your own research and evaluate the fees, investment possibilities, and other benefits offered by a number of different brokers.

Trading & Demat Account Opening Charges – Groww vs Upstox

M stock by mirae asset
Trading Account Opening FeesPromotion offer: FreeFree
Trading AMCFreeFree
Demat Account Opening FeesFreeFree
Demat AMCFreeFree
Provide DP ServiceYesYes

Brokerage plans

Plan TypesUpstoxGroww
Multiple PlansNoNo
Monthly PlansNoNo
Yearly PlansNoNo

Brokerage Charges

Groww fees for Brokerage services- The cost of Equity Delivery is Rs 20 per executed order or 0.05%, whichever is lower. The cost of Equity Intraday is also Rs 20 per executed order or 0.05%, whichever is lower. The cost of Equity Futures & Options is Rs 20 per executed order.

Brokerage Fees on the Upstox- Exchange Equity Delivery is a charge of Rs 20 per executed order or 2.5%, whichever is lower; Equity Intraday is a charge of Rs 20 per executed order or 0.05%, whichever is lower; and Equity Options is a charge of Rs 20 per executed order.

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

Brokerage Charges CompareUpstoxGroww
Plan NameMax Rs 20 Per Order Trading PlanFlat Brokerage Plan
Equity Delivery2.5% or Rs 20 whichever is lower0.05% or Rs 20 whichever is lower
Equity Intraday0.05% or Rs 20 whichever is lower0.05% or Rs 20 whichever is lower
Equity Futures0.05% or Rs 20 whichever is lowerFlat Fee Rs 20
Equity OptionsFlat Fee Rs 20Flat Fee Rs 20
Currency Futures0.05% or Rs 20 whichever is lowerNot Available
Currency OptionsFlat Fee Rs 20Not Available
Commodity TradingFlat Fee Rs 20Not Available
Minimum BrokerageNILNIL
Hidden ChargesInfo Not AvailableInfo Not Available
FundingInfo Not AvailableInfo Not Available
Call & Trade ChargesRs 50 Per Executable OrderService not provided
Auto Square off ChargesRs 20 Per Executable OrderRs 50 Per Executable Order

Groww vs Upstox – Exchange Transaction Charges

On premium, the Groww Exchange Transaction Charges for Equity Future are 0.002%, while the 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).

3cr+ customers on groww
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Future * NSE: 002%NSE Rs 200 per Cr (0.002%)
Equity Options * NSE: 0.053% on premiumNSE Rs 5300 per Cr (0.053%) (on premium)
Currency Futures * NANSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%)
Currency Options NANSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium)
Commodity NAGroup A – Rs 290 per Cr (0.0029%)
Open FREE Groww AccountOpen FREE Upstox Account

Groww vs Upstox – Account Features

Account Features CompareUpstoxGroww
3-in-1 AccountYesNo
Algo TradingYesNo
SMS AlertsYesNo
Online DemoYesNo
Online PortfolioYesYes
Margin Trading Funding AvailableNoYes
Combined Ledger for Equity and CommodityYesNo
Intraday Square-off Time3:15 PM3:10 PM
NRI TradingNoNo
Other FeaturesNILNIL

Download 0 AMC UpstoxDownload 0 AMC Groww

Groww vs Upstox – Order Types

Upstox benefits

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 minimising 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?

Order Type CompareUpstoxGroww
CNC orderYesYes
MIS orderYesYes
NRML orderYesYes
Cover orderYesNo
Bracket orderYesNo
AMO-After Market OrdersYesNo
GTC-Good Till CancelledNoNo

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 and Greeks.
  • Pre-built Option Strategies

Upstox Chart

A place that simplifies monitoring, analysing, and trading in financial markets. With TradingView X Upstox, you may get access to TradingView Pro features for FREE, normally costing 12,000 per year.

You have the option of using TradingView or ChartIQ.

Trade From Charts
Trade From Charts

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

104 advanced indicators and 80+ drawing tools to analyse charts
104 advanced indicators and 80+ drawing tools to analyse charts

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

Set up to eight charts simultaneously on a single screen and monitor them for changes at the same time.
Set up to eight charts simultaneously on a single screen and monitor them for changes at the same time.

Direct trading from charts

View and create new orders using the price ladder from market depth
View and create new orders using the price ladder from the market depth

Groww: Advantages & Disadvantages

Groww AdvantagesGroww Disadvantages
The opportunity to invest online in gold ETFs, gold funds, and gold stocks and bondsDoes not provide a capability for three accounts in one.
Zero Demat AMC ChargesDoes not offer trading in commodities
Clearing Charges Are FreeDoes not provide facility for trading: Bracket orders.
Free Demat and Trading account, and there are no fees associated with setting up the account.No services for Call and Trade are provided.
Investing in mutual funds without any fees.No services for Call and Trade are provided.
There are no DP fees associated with buying and low brokerage.Does not provide services for NRI Trading
Providers of no-cost research servicesdoes not offer a mechanism for trading with margin
Download GrowwDownload Upstox
Advantages & Disadvantages of Groww

Upstox: Advantages & Disadvantages

Intraday trading in Upstox

Upstox AdvantagesUpstox Disadvantages
No Commissions or Brokerage Fees on Mutual FundsDoes not offer Tips & recommendation
Free Demat AMC for LifeThe turnover fees on futures and options are more than those charged by peers.
Brokerage with low feesThere are no unlimited monthly trading options available.
Online learning that is user-driven, intuitive, and accessible for everyone of all levels.Does not provide services that are based on research.
Aadhar-based signup makes it simple to get things started.Transfer fees are currently set at ₹7 for each single money transfer.
A Reliable Calculator for Brokerage Fees and Margin
Margin funding available

Download Free Upstox account
Open FREE Groww account
Advantages & Disadvantages of Upstox

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


In the end, the broker that is ideal for you will be determined by the particular investing requirements and preferences that you have. It is a good idea to evaluate the fees, investment possibilities, and trading platforms of both Groww and Upstox in order to choose which one is the better option for you to use. Intraday trading, futures and options trading, and trading of any type involving currencies or commodities are all areas in which I believe Upstox to be better. Groww is preferable for long-term investments, whether such investments are in equities or mutual funds.

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