Here is a detailed comparison of Upstox vs Groww. In this comparison page, you can check both similarities and differences between these two broking companies. This comparison between Upstox & Groww will help you choose a better company that will fulfill the requirements for trading and investment purposes.
Both of these Stock Broking companies are providing wide range of products and services to the investors.
Also, below we have provided you the links for Brokerage Calculator and Margin Money Calculator for both the broking companies.
This will help give you proper understanding on the Charges and Leverage or Exposure given by these brokers.
In this comparison, we are going to touch upon more than 100 metrics. Here are the list top view metrics we are using for comparison:
- Overview
- Customer Ratings
- Demat Account
- Research & Advisory
- Brokerage Charges & Fees
- Other Charges
- Services
- Products
- Exposure/Leverage
- Trading Platform
- Offers
- Customer Support
- Complaints
Compare Stock Brokers
This Upstox & Groww comparison will give a very detailed overview of which stock broker is suitable for you.
Now let’s compare Groww & Upstox
Overview of Upstox & Groww |
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| Overview | Upstox | Groww |
| Company Type | Private | Private |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Mumbai, India | Bangalore, India |
| Founder | Raghu Kumar, Ravi Kumar & Shrinivas Vishvanath | Lalit Keshre |
| Established Year | 2011 | 2016 |
Upstox vs Groww Customer Ratings Comparison |
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| Customer Ratings | Upstox | Groww |
| Experience | 8.1 / 10 | 6.1/10 |
| Products & Services | 8.0 / 10 | 9.3/10 |
| Brokerage Charges & Fees | 7.9 / 10 | 9.1/10 |
| Stock Research & Advisory | 9.0 / 10 | 9.2/10 |
| Trading Platforms | 5.0 / 10 | 7.0/10 |
| Overall Ratings | 7.90 / 10 | 8.5/10 |
| Star Ratings | ★★★☆☆ | ★★★★☆ |
| Total Client Reviews | 2147 | 1167 |
Upstox vs Groww Demat Account Comparison |
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| Demat Services | Upstox | Groww |
| Depository Source | CDSL | CDSL |
| Account Opening Charges | Rs 0 (Free) | Zero |
| Demat AMC Charges | Rs 249 | Rs 0 |
| Trading AMC Charges | Free | Rs 0 |
| Margin Money | 75% Margin | 75% Margin |
| Offline to Online | S | R |
Groww vs Upstox Brokerage Charges Comparison |
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| Brokerage Charge & Fees | Upstox | Groww |
| Equity Delivery Trading | Zero | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Intraday Trading | Rs.20 per executed order or 0.05% (whichever is lower) | Rs 20 per executed order or 0.05% whichever is lower |
| Commodity Options Trading | Rs.20 per executed order or 0.05% (whichever is lower) | NA |
| Equity Futures Trading | Rs.20 per executed order or 0.05% (whichever is lower) | NA |
| Equity Options Trading | Flat Rs.20 per executed order | NA |
| Currency Futures Trading | Rs.20 per executed order or 0.05% (whichever is lower) | NA |
| Currency Options Trading | Flat Rs.20 per executed order | NA |
| Minimum Brokerage | Rs.20 | Zero |
| Demat AMC Charges | Rs.249 | Rs.0 per Annum |
| Trading AMC Charges | Rs. 354 | Free |
| Margin Money | 75% Margin | 75% Margin |
| Brokerage Calculator | Upstox Brokerage Calculator | Groww Brokerage Calculator |
Groww & Upstox Other Charges Comparison |
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| Other Charges | Upstox | Groww |
| Transaction Charges | 0.00275% of Total Turnover | 0.00225% of Total Turnover |
| STT | Equity Delivery: 0.1% on both Buy and Sell Equity Intraday: 0.025% on the Sell Side Equity Futures: 0.01% on Sell Side Equity Options: 0.05% on Sell Side(on Premium) Commodity Futures: 0.01% on sell side (Non-Agri) Commodity Options: 0.05% on sell side Currency F&O: No STT On Exercise transaction: 0.125% Right to entitlement: 0.05% on sell side |
Equity Delivery: 0.1% on both Buy and Sell Equity Intraday: 0.025% on the Sell Side Equity Futures: 0.01% on Sell Side Equity Options: 0.05% on Sell Side(on Premium) Commodity Futures: 0.01% on sell side (Non-Agri) Commodity Options: 0.05% on sell side Currency F&O: No STT On Exercise transaction: 0.125% Right to entitlement: 0.05% on sell side |
| SEBI Turnover Charges | 0.00005% (Rs. 5/Crore) | 0.00005% (₹5/Crore) |
| Stamp Duty | (On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX) | (On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX) |
| GST | 18% on (Brokerage + Transaction Charge + SEBI Fee) | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
Compare Groww & Upstox Offers |
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| Offers | Upstox | Groww |
| Free Demat Account | S | R |
| Free Trading Account | R | R |
| Discount on Brokerage | R | R |
| Trading Happy Hours | S | S |
| Flexible Brokerage Plans | S | S |
| 1 Month Brokerage Free | S | S |
| Holiday Offers | S | S |
| Referral Offers | S | S |
| Zero Brokerage for Loss Making Trades | S | S |
Compare Services of Upstox vs Groww |
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| Services | Upstox | Groww |
| Demat Services | R | R |
| Trading Services | R | R |
| 3 in 1 Account | S | S |
| Intraday Services | R | R |
| IPO Services | R | R |
| Stock Recommendations | S | S |
| Robo Advisory | R | S |
| PMS | S | S |
| Trading Institution | S | S |
| Trading Exposure | Upto 5x | Upto 5x |
Compare Groww & Upstox Research & Advisory |
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| Research & Advisory | Upstox | Groww |
| Fundamental Reports | S | S |
| Research Reports | S | S |
| Company Reports | S | S |
| Annual Reports | S | S |
| Company Stock Review | S | S |
| Free Stock Tips | S | S |
| IPO Reports | S | S |
| Top Picks | S | S |
| Daily Market Review | S | S |
| Monthly Reports | S | S |
| Weekly Reports | S | S |
| Offline Advisory | S | S |
| Relationship Manager | S | S |
Upstox vs Groww Exposure/Leverage |
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| Exposure / Leverage | Upstox | Groww |
| Equity Delivery | 1x | 1x |
| Equity Intraday | Upto 5x | Upto 5x |
| Equity Futures | 1x | 1x |
| Equity Options | 1x | 1x |
| Currency Futures | 1x | 1x |
| Currency Options | 1x | 1x |
| Commodities | 1x | 1x |
| Margin Calculator | Upstox Margin Calculator | Groww Margin Calculator |
Upstox vs Groww Product Comparison |
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| Products | Upstox | Groww |
| Equity Trading | R | R |
| Commodity Trading | S | R |
| Currency Trading | R | R |
| Options | R | R |
| Futures | R | R |
| Mutual Funds | S | R |
| Forex | S | S |
| Banking | S | S |
| SIP | S | S |
| Insurance | S | S |
Upstox vs Groww Trading Platform Comparison |
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| Trading Platforms | Upstox | Groww |
| Desktop Platform – Windows | R | S |
| Desktop Platform – Mac | R | S |
| Desktop Browser Platform | R | R |
| Mobile Site Platform | R | R |
| Android App Platform | R | R |
| iOS App Platform | R | R |
| Windows App Platform | S | S |
| Other Mobile OS Platform | S | S |
| Real time Updates | R | R |
| Portfolio Details | R | R |
| Online MF Buy | R | R |
| News Flash | R | R |
| Research Reports | R | R |
| Easy Installation | R | R |
| Global Indices | R | R |
| Stock Tips | R | R |
| Personalized Advisory | R | R |
| Interactive Charts | R | R |
| Live Markets | R | R |
| SMS Alerts | R | R |
| Email Alerts | R | R |
| Multi Account Management | R | S |
Upstox vs Groww Customer Support |
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| Customer Support | Upstox | Groww |
| Dedicated Dealer | S | S |
| Offline Trading | S | S |
| Online Trading | R | R |
| 24*7 Support | S | S |
| Email Support | R | R |
| Chat Support | S | R |
| Toll Free Number | S | S |
| Branches | Zero | Zero |
Upstox vs Groww Customer Complaints |
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| Complaints (Current Year) | Upstox | Groww |
| Lodged in BSE | 185 | 10 |
| Resolved in BSE | 126 | 8 |
| Lodged in NSE | 175 | 21 |
| Resolved in NSE | 139 | 18 |
Compare Upstox with other Brokers & Groww with other Brokers
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