Upstox vs Groww | Broker Comparison

Upstox vs Groww

Side-by-side view of features, pricing context, and platform fit.

Upstox

Upstox

Active Clients: 20,36,413

Upstox is a technologically advanced low-cost brokerage firm in India, offering trading services in equities, commodities, currency, futures, and options via web and mobile platforms. Upstox has received investment fr...

Groww

Groww

Active Clients: 1,24,80,505

Groww is a Bangalore-based online brokerage firm operating under Groww Invest Tech Pvt Ltd, a SEBI-registered broker and member of the NSE and BSE. Initially, it began as a direct mutual fund platform, and subsequentl...

Side-by-Side Compare Table

Category	Upstox	Groww
Basic Details	•Broker Type: Discount broker •Founded: Legacy RKSV/Upstox retail broking entity	•Broker Type: Digital-first discount broker •Founded: 2016 (broking entity expanded later from MF platform)
Charges & AMC	•Account Opening: Rs 0 •Demat AMC: Rs 150 per year (first-year concessions may apply in offers)	•Trading and Demat Account Opening: Rs 0 •Trading AMC: Rs 0
Brokerage	•Equity Delivery: Rs 20 or 2.5% (whichever is lower) •Equity Intraday: Rs 20 or 0.05% (whichever is lower)	•Equity Delivery: Lower of Rs 20 or 0.05% per order •Equity Intraday: Lower of Rs 20 or 0.05% per order
Other Charges	•Call and Trade: Rs 20 per executed order •Instant money transfer fee and physical statement fees may apply	•Auto square-off charge: Rs 50 •Statutory and exchange charges apply separately.
Leverage (Margin)	•Margin/leverage is segment specific and governed by exchange/risk policies. •Delivery generally follows full margin and intraday can provide lower upfront margins.	•Margin and leverage depend on segment and risk policy. •Source section introduces margin topic but does not expose one fixed leverage number in the extracted snapshot.
Features	•Digital-first execution with mobile/web stack. •Strong derivatives support and low brokerage positioning.	•Paperless onboarding and simple UX. •Strong mutual fund and retail investing workflow.
Trading Platforms	•Upstox Pro web platform •Upstox mobile app	•Groww Mobile App •Groww Web Platform
Reviews & Ratings	•Commonly viewed as low-cost, trader-friendly platform. •In this extract, no final single consolidated numeric rating table is shown.	•Positioned as beginner friendly with strong app adoption. •In this source snapshot, no single numeric consolidated rating table is shown.
Investment Options	•Equity •F&O	•Equity •Intraday and derivatives
Order Types Offered	•Standard market and limit orders •Delivery/intraday/F&O execution flows	•Standard market and limit order flows •App and web based execution
Suitable For (Investor Type)	•Cost-sensitive active traders. •App-first users who want strong F&O workflow.	•First-time investors preferring clean mobile-first experience. •Cost-conscious users who also invest in direct mutual funds.
Pros and Cons	•Pros: •Competitive low-cost brokerage model.	•Pros: •Zero opening/AMC and low brokerage.

Detailed Comparison

Basic Details

Upstox	Groww
•Broker Type: Discount broker •Founded: Legacy RKSV/Upstox retail broking entity •SEBI Registration: INZ000315837 •NSE Member Code: 13942 •Net Worth: Rs 839.83 Cr	•Broker Type: Digital-first discount broker •Founded: 2016 (broking entity expanded later from MF platform) •SEBI Registration: INZ000301838 •NSE Member Code: 90187 •Net Worth: Rs 1433.11 Cr

Charges & AMC

Upstox	Groww
•Account Opening: Rs 0 •Demat AMC: Rs 150 per year (first-year concessions may apply in offers) •App/web platform model with low-cost pricing	•Trading and Demat Account Opening: Rs 0 •Trading AMC: Rs 0 •Demat AMC: Rs 0

Brokerage

Upstox	Groww
•Equity Delivery: Rs 20 or 2.5% (whichever is lower) •Equity Intraday: Rs 20 or 0.05% (whichever is lower) •Equity Futures: Rs 20 or 0.05% (whichever is lower) •Equity Options: Flat Rs 20 per order •Currency/Commodity: Similar low-cost flat-fee pattern as per segment tables	•Equity Delivery: Lower of Rs 20 or 0.05% per order •Equity Intraday: Lower of Rs 20 or 0.05% per order •Equity Futures: Flat Rs 20 per order •Equity Options: Flat Rs 20 per order •Direct Mutual Funds: Rs 0 commission

Other Charges

Upstox	Groww
•Call and Trade: Rs 20 per executed order •Instant money transfer fee and physical statement fees may apply •DP sell charges and statutory charges are additional	•Auto square-off charge: Rs 50 •Statutory and exchange charges apply separately.

Leverage (Margin)

Upstox	Groww
•Margin/leverage is segment specific and governed by exchange/risk policies. •Delivery generally follows full margin and intraday can provide lower upfront margins.	•Margin and leverage depend on segment and risk policy. •Source section introduces margin topic but does not expose one fixed leverage number in the extracted snapshot.

Features

Upstox	Groww
•Digital-first execution with mobile/web stack. •Strong derivatives support and low brokerage positioning. •Direct mutual fund access with zero commission.	•Paperless onboarding and simple UX. •Strong mutual fund and retail investing workflow. •Unified app for stocks, IPOs, ETFs, and MFs. •Educational resources via blogs and ebooks.

Trading Platforms

Upstox	Groww
•Upstox Pro web platform •Upstox mobile app	•Groww Mobile App •Groww Web Platform •915 by Groww (advanced web terminal)

Reviews & Ratings

Upstox	Groww
•Commonly viewed as low-cost, trader-friendly platform. •In this extract, no final single consolidated numeric rating table is shown.	•Positioned as beginner friendly with strong app adoption. •In this source snapshot, no single numeric consolidated rating table is shown.

Investment Options

Upstox	Groww
•Equity •F&O •Commodity •Currency •Mutual funds	•Equity •Intraday and derivatives •IPO •ETFs •Direct mutual funds •Digital gold

Order Types Offered

Upstox	Groww
•Standard market and limit orders •Delivery/intraday/F&O execution flows •Call-and-trade assisted execution	•Standard market and limit order flows •App and web based execution •Advanced workflow through 915 terminal for active users

Suitable For (Investor Type)

Upstox	Groww
•Cost-sensitive active traders. •App-first users who want strong F&O workflow. •Investors needing discount pricing across major segments.	•First-time investors preferring clean mobile-first experience. •Cost-conscious users who also invest in direct mutual funds. •Traders seeking simple flat-fee execution.

Pros and Cons

Upstox	Groww
•Pros: •Competitive low-cost brokerage model. •Broad segment coverage across equity, derivatives, commodity, and currency. •Free account opening and strong digital onboarding. •Cons: •Assisted services add extra charges. •Some advanced full-service advisory expectations may not be met.	•Pros: •Zero opening/AMC and low brokerage. •Strong digital onboarding and usability. •Commission-free direct mutual funds. •Cons: •Limited offline support model. •Advisory depth is lower than traditional full-service broker setups.

Final Note

Use this side-by-side comparison as a starting point and verify the latest brokerage and compliance details on official broker pages before taking decisions.