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Comparision (Groww VS Upstox)

 

Groww Vs Upstox

Groww
Groww Review gives an overall view of the updates about the Brokerage Charges, Margin, Updated Trading Software 2024, We can also review Groww Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.

Upstox
Upstox is a low-cost broking firm, whose main motive is to provide trading opportunities at unbeatable prices. Upstox is being backed by a group of investors like: Kalaari capital, Ratan Tata and GVK Davix. Upstox provides many more rich trading features like trading, analysis, charter and etc. It provides ease to place orders through phones and browsers. Upstox provides a completely Upstox Free trading account and free trading as well in Equity Delivery Segment. Upstox refer and earn review program is also available in which you can refer your friends to trading with Upstox.

Groww Vs Upstox - Broker Details

Groww Upstox
Single Margin Facility
Year of Incorporation 2016 2009
Exchanges NSE and BSE. BSE, NSE and MCX
Branches Zero Zero
Brokerage ₹20/ Order ₹20/ Order or 0.05% (Whichever is lower)
Broker Type Discount Broker Discount Broker

Groww Vs Upstox - Account Opening & AMC Charges

Groww Upstox
Trading Account Opening Charge ₹0 (Free) ₹0 (Free)
Demat Account Opening Charge ₹0 (Free) ₹0 (Free)
Demat Account AMC ₹0 (Free) ₹0 (Free)
Trading Account AMC ₹0 (Free) ₹0 (Free)

Groww Vs Upstox - Brokerage charges & Plans

Groww Upstox
Commodity Futures N/A ₹20/ Order or 0.05% (whichever is lower)
Currency Futures N/A ₹20/ Order or 0.05% (whichever is lower)
Equity Delivery ₹20/ Order or 0.05% (whichever is lower) ₹20/ Order or 2.5% (whichever is lower)
Equity Options ₹20/ Order or 0.05% (whichever is lower) ₹20/ Order
Commodity Options N/A ₹20/ Order
Equity Futures ₹20/ Order or 0.05% (whichever is lower) ₹20/ Order or 0.05% (whichever is lower)
Currency Options N/A ₹20/ Order
Fixed Charges ₹20/ Order ₹20/ Order
Equity Intraday ₹20/ Order or 0.05% (whichever is lower) ₹20/ Order or 0.05% (whichever is lower)

Groww Vs Upstox - Other Charges

Groww Upstox
RMS Square Off Charge ₹50/ Order (₹50 + GST)
API Charges ₹0 (Free) ₹0 (Free)
Call & Trade Charges N/A (₹50 + GST)
Other Brokerage Charges ₹20/ Order or 0.05% ₹20/ Order or 0.05% ( Whichever is lower)
Minimum Brokerage ₹20/ Order ₹20/ Order

Groww Vs Upstox - Transaction Charges

Groww Upstox
Currency Options N/A NSE: Exchange turnover charge: 0.04% |Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% Clearing charge: 0.025%
Equity Futures NSE:- 0.002% NSE: Exchange turnover charge: 0.0020% | Clearing charge: 0.0002%
Equity Intraday NSE:- 0.00345% | BSE:- 0.00345% NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group
Equity Options NSE:- 0.053% on premium NSE: Exchange turnover charge: 0.053% | Clearing charge: 0.005%
Commodity N/A Non-Agri: Exchange turnover charge: 0.0026%
Currency Futures N/A NSE: Exchange turnover charge: 0.0009% | Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% | Clearing charge: 0.0004%
Equity Delivery NSE:- 0.00345% | BSE:-0.00345% NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group

Groww Vs Upstox - Margin (Exposure)

Groww Upstox
Equity Options 1x Option Sell: 1x | Option Buying: No Margin
Equity Intraday 5x 5x (Up to 20% of trade value)
Currency Options N/A 1x (100% of NRML margins(SPAN + Exposure)
Commodity Options N/A Option Sell: 1x | Option Buying: No Margin
Commodity Futures N/A 1x (100% of NRML margin (Span + Exposure)
Equity Delivery 1x (no margin) 1x (no margin)
Currency Futures N/A 1x (100% of NRML margin (Span + Exposure)
Equity Futures 1x 1x (100% of NRML margin (Span + Exposure)

Groww Vs Upstox - Features

Groww Upstox
Online Portfolio
Algo Trading
Margin Trading Facility
Call & Trade Facility
Referral Program
Collateral Margin
Online Demo
3 in 1 Account
Charting
Intraday Square-off Time Equity & F&O:- 3:20pm | Currency:- 4:30 PM | Commodity:- 11:25 PM Equity Cash:- 3:15 PM (Co- 3:10 PM) | Equity Derivatives:- 3:20 PM (Co- 3:10 PM) | Currency Derivatives:- 4:30 PM(Co- 4:35 PM) Commodities:- 40 mins prior to when the market closes at 11:30 PM 30 mins prior to when the market closes at 11:55 PM
Trading Platform Groww Web (Browser based trading website) , Groww Mobile Application 1.Pro Web (Web-based trading platform) 2.Pro Mobile (mobile trading application) 3.Algo Lab (bridge for Amibroker) 4.Option Strategy Builder 5.Order Generator
SMS Alerts for Trades
Direct Mutual Fund

Groww Vs Upstox - Review & Rating

Groww Upstox
Trading Brokerage
Customer Service
Fees
Trading Platform Usability
Mobile App
Research
Desktop Software
Overall Ratings
Broker Rating
Call Back Open Account Call Back Open Account

Groww Vs Upstox - Request a call back from Broker

Groww Upstox

Groww Vs Upstox - Investment Options

Groww Upstox
Currency
IPO
Commodity
Debt
Other Options
Stock Cash / Equity
Mutual Funds
Bond / NCD

Groww Vs Upstox - Order Type

Groww Upstox
Bracket Order/BO/OCO
BTST
Cover Order/CO
Good Till Cancelled (GTC)
BUY ABOVE/SELL BELOW (SL-M)
After Market Order(AMO)
STBT

Groww Vs Upstox - Research & Report

Groww Upstox
Free Tips
Quarterly Result Analysis
Daily Market Report
News Alerts

Groww Vs Upstox - Daily Market Report

Groww Upstox
Daily Market Reports & News

Groww Vs Upstox - Suitable For Investor

Groww Upstox
Casual Investor
Active Investor
Trader

Groww Vs Upstox - Pros & Cons

Groww Upstox
Pros 1.Commission free investment for customer. 2.Transparent without any hidden charges. 3. Upto 1.5% extra returns on direct mutual funds. 4.Provide facility to invest in US stocks, Gold and ETFs. 5.Online IPO application. 6.Zero charges on direct mutual funds 7. Very simple and intuitive UI. 8. Offers a wide range of premium features. 9.SEBI registered advisor in the name of Finvantage Investment Advisor Pvt Ltd. 10. In-built customer support section or directly email them on support@groww.in. 11.Groww also has a live chat option. 1.Brokerage free trading in Equity delivery segment. 2. For customers convenience, mobile trading app is available. 3. Both web and mobile has After Market Order (AMO), (CO) or (OCO) order. 4. Availability of stop loss in both web and mobile. 5. Availability of multiple indicators to monitor market. 6. Upstox bridge for Amibroker helps to code and execute the trading strategies. 7. Availability of 1000’s of Mutual funds where customer can choose Lumpsum or SIP pattern of investing. 8.Availability of Margin against shares.
Cons 1.Dilution in the name of diversification. 2.Due to higher cost of some mutual funds, so mutual funds charge for managing the funds, fund manager salary, distribution cost etc. 3.It does not suit customers with unpredictable cash flows. 4.Customer is unable to analyse funds technically and in-depth. 1. Unavailability of unlimited monthly trading plans. 2.Extra charge of call and trade fee on per executed order. 3. In case, customer does not square off the Intra day square orders, extra charge of ₹20 is charged per executed order. 4. No provision for stock tips and recommendations. 5. Unavailability of 3 in 1 account. 6. Customer support is time constraint. 7.Unavailability of margin funding on delivery trades.

Groww Vs Upstox - Background

Groww Upstox

Groww Vs Upstox - Compare All Brokers

Groww Upstox

Groww Vs Upstox - STT/CTT

Groww Upstox
Commodity Futures N/A 0.01% on sell trade (Non-Agri)
Currency Futures No STT No STT
Equity Intraday 0.025% only on sell 0.025% only on sell
Equity Options 0.05% only on sell 0.05% only on sell
Currency Options No STT No STT
Equity Delivery 0.1% on both buy & sell 0.1% on both buy & sell
Equity Futures 0.01% only on sell 0.01% only on sell
Commodity Options N/A 0.05% on sell trade

Groww Vs Upstox - Demat transaction charges

Groww Upstox
Equity Demat Transaction Charges ₹13.5 Gst per scrip per day only on sell Equity (F&O, Intraday) No Charges | Equity Delivery- ₹18.5 + Gst per scrip per day only on sell

Groww Vs Upstox - GST

Groww Upstox
Equity/Currencies/Commodities ( Delivery & FNO) 18% ( Brokerage + Transaction charges) 18% (on brokerage + transaction charges) | Equity Delivery - 18% (on brokerage + transaction + demat charges)

Groww Vs Upstox - SEBI Charges

Groww Upstox
Equity/Currencies/Commodities ( Delivery & FNO) ₹10/ Crore ₹10/ Crore

Groww Vs Upstox - Account Opening & AMC Charges

Groww
Upstox
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
₹0 (Free)
Trading Account AMC
₹0 (Free)
₹0 (Free)
 
Call Back Open Account
Call Back Open Account

Groww Vs Upstox

Groww Upstox
 

Groww Review | Brokerage Charges, Account Opening


Groww is an Indian SEBI registered stockbroker that targets first time investor and millennials. Groww established in April 2016 in Bangalore as a brand of Nextbillion Technology Private Limited. In the mid of 2024s, Groww broker review has expanded its services and started stocks investing service on its platform. Groww application ..
+ " Vs "+ Upstox
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Upstox Review 2024 - Brokerage Charges, Account Opening, Margin

Upstox (which was earlier known as RKSV securities) is a low-cost broking firm, whose main motive is to provide trading opportunities at unbeatable prices. Upstox is being backed by a group of investors like: Kalaari capital, Ratan Tata and GVK Davix.

Read more..
 
 

Upstox
Upstox is a low-cost broking firm, whose main motive is to provide trading opportunities at unbeatable prices. Upstox is being backed by a group of investors like: Kalaari capital, Ratan Tata and GVK Davix. Upstox provides many more rich trading features like trading, analysis, charter and etc. It provides ease to place orders through phones and browsers. Upstox provides a completely Upstox Free trading account and free trading as well in Equity Delivery Segment. Upstox refer and earn review program is also available in which you can refer your friends to trading with Upstox.

Groww Vs Upstox - Brokerage charges & Plans

Groww Upstox
Commodity Futures N/A ₹20/ Order or 0.05% (whichever is lower)
Currency Futures N/A ₹20/ Order or 0.05% (whichever is lower)
Equity Delivery ₹20/ Order or 0.05% (whichever is lower) ₹20/ Order or 2.5% (whichever is lower)
Equity Options ₹20/ Order or 0.05% (whichever is lower) ₹20/ Order
Commodity Options N/A ₹20/ Order
Equity Futures ₹20/ Order or 0.05% (whichever is lower) ₹20/ Order or 0.05% (whichever is lower)
Currency Options N/A ₹20/ Order
Fixed Charges ₹20/ Order ₹20/ Order
Equity Intraday ₹20/ Order or 0.05% (whichever is lower) ₹20/ Order or 0.05% (whichever is lower)
Call Back Open Account Call Back Open Account

Groww Vs Upstox - Margin (Exposure)

Groww Upstox
Equity Options 1x Option Sell: 1x | Option Buying: No Margin
Equity Intraday 5x 5x (Up to 20% of trade value)
Currency Options N/A 1x (100% of NRML margins(SPAN + Exposure)
Commodity Options N/A Option Sell: 1x | Option Buying: No Margin
Commodity Futures N/A 1x (100% of NRML margin (Span + Exposure)
Equity Delivery 1x (no margin) 1x (no margin)
Currency Futures N/A 1x (100% of NRML margin (Span + Exposure)
Equity Futures 1x 1x (100% of NRML margin (Span + Exposure)
Call Back Open Account

Groww Vs Upstox - Other Charges

Groww Upstox
RMS Square Off Charge ₹50/ Order (₹50 + GST)
API Charges ₹0 (Free) ₹0 (Free)
Call & Trade Charges N/A (₹50 + GST)
Other Brokerage Charges ₹20/ Order or 0.05% ₹20/ Order or 0.05% ( Whichever is lower)
Minimum Brokerage ₹20/ Order ₹20/ Order

Groww Vs Upstox - STT/CTT

Groww Upstox
Commodity Futures N/A 0.01% on sell trade (Non-Agri)
Currency Futures No STT No STT
Equity Intraday 0.025% only on sell 0.025% only on sell
Equity Options 0.05% only on sell 0.05% only on sell
Currency Options No STT No STT
Equity Delivery 0.1% on both buy & sell 0.1% on both buy & sell
Equity Futures 0.01% only on sell 0.01% only on sell
Commodity Options N/A 0.05% on sell trade

Groww Vs Upstox - Demat transaction charges

Groww Upstox
Equity Demat Transaction Charges ₹13.5 Gst per scrip per day only on sell Equity (F&O, Intraday) No Charges | Equity Delivery- ₹18.5 + Gst per scrip per day only on sell

Groww Vs Upstox - GST

Groww Upstox
Equity/Currencies/Commodities ( Delivery & FNO) 18% ( Brokerage + Transaction charges) 18% (on brokerage + transaction charges) | Equity Delivery - 18% (on brokerage + transaction + demat charges)

Groww Vs Upstox - SEBI Charges

Groww Upstox
Equity/Currencies/Commodities ( Delivery & FNO) ₹10/ Crore ₹10/ Crore

Groww Vs Upstox - Features

Groww Upstox
Online Portfolio
Algo Trading
Margin Trading Facility
Call & Trade Facility
Referral Program
Collateral Margin
Online Demo
3 in 1 Account
Charting
Intraday Square-off Time Equity & F&O:- 3:20pm | Currency:- 4:30 PM | Commodity:- 11:25 PM Equity Cash:- 3:15 PM (Co- 3:10 PM) | Equity Derivatives:- 3:20 PM (Co- 3:10 PM) | Currency Derivatives:- 4:30 PM(Co- 4:35 PM) Commodities:- 40 mins prior to when the market closes at 11:30 PM 30 mins prior to when the market closes at 11:55 PM
Trading Platform Groww Web (Browser based trading website) , Groww Mobile Application 1.Pro Web (Web-based trading platform) 2.Pro Mobile (mobile trading application) 3.Algo Lab (bridge for Amibroker) 4.Option Strategy Builder 5.Order Generator
SMS Alerts for Trades
Direct Mutual Fund
Call Back Open Account

Groww

Upstox