Groww⭐ 9.5/10
Upstox⭐ 9.2/10Groww vs Upstox Comparison
Compare brokerage charges, trading platforms, technical features, pros, cons, and account opening times to see which Demat account is best for you.
Groww vs Upstox: Too Close to Call
Groww (rated 9.5) and Upstox (rated 9.2) are highly competitive. If you want to minimize upfront charges, choose Groww (pricing is Free vs Free). If you prefer a platform built for technical charting, choose Upstox.
📊 Charges & Pricing Comparison
| Fee / Segment | Groww | Upstox |
|---|---|---|
| Account Opening Fee | Free | Free |
| Account AMC (Annual) | Free (Rs 0) | Rs 150 / year |
| Equity Delivery | Rs 20 or 0.05% | Rs 20 or 0.1% |
| Intraday Brokerage | Rs 20 or 0.05% | Rs 20 or 0.05% |
| Futures & Options | Rs 20 per order | Rs 20 per order |
| Commodity Trading | N/A | Rs 20 per order |
| Other / DP Charges | Standard regulatory charges apply | Standard DP charges |
| Account Opening Time | 15 Minutes | 10 Minutes |
💻 Trading Tools & Platforms
| Platform Feature | Groww | Upstox |
|---|---|---|
| Margin Trading (MTF) | ❌ No | ✅ Available |
| Advisory & Tips | ❌ No | ❌ No |
| Trading API Access | ❌ No | ✅ Free API |
| Advanced Charts | ❌ No | ✅ Yes |
| Web Interface | Modern, fast, browser-based trading platform with TradingView charts. | Modern, fast, browser-based trading platform with TradingView charts. |
| Mobile Trading App | Highly rated mobile app available on iOS and Android with biometric login. | Highly rated mobile app available on iOS and Android with biometric login. |
Groww Pros & Cons
Pros
- ✅ Extremely simple UI
- ✅ Zero AMC forever
- ✅ Seamless mutual fund integration
Cons
- ❌ No advanced desktop terminal
- ❌ Lacks complex analytical tools
Upstox Pros & Cons
Pros
- ✅ Backing of top investors
- ✅ Fast order execution
- ✅ Pro and Invest modes in app
Cons
- ❌ Customer support can be slow
- ❌ Delivery is not completely free
❓ FAQs: Groww vs Upstox
Which is cheaper between Groww and Upstox?
Groww charges Rs 20 or 0.05% for delivery trades and Rs 20 or 0.05% for intraday, with an AMC of Free (Rs 0). Meanwhile, Upstox charges Rs 20 or 0.1% for delivery and Rs 20 or 0.05% for intraday, with an AMC of Rs 150 / year. In terms of onboarding costs, Groww is Free compared to Upstox's Free.
Who has a better mobile app: Groww or Upstox?
Groww's mobile app offers: "Highly rated mobile app available on iOS and Android with biometric login.". In comparison, Upstox's mobile app offers: "Highly rated mobile app available on iOS and Android with biometric login.". If you require advanced charting tools directly on your phone, both platforms support TradingView integrations but execution layouts vary.
Is Groww safer to use than Upstox?
Both Groww and Upstox are SEBI-registered brokers regulated in India, meaning your shares are safely held with central government-backed depositories (NSDL/CDSL). However, Groww has a rating of 9.5/10, reflecting their complaint ratio and client size, while Upstox has a rating of 9.2/10.