Our Verdict
Groww has a higher rating of 4.1/5 compared to Upstox (3.9/5). Upstox offers 6 instrument types, while Groww offers 5. Upstox has been in the market since 2009, making it the more experienced provider.
Comparison Table
| Criteria | Groww | Upstox |
|---|---|---|
| Rating | 4.1/5 (2000 reviews)✓ | 3.9/5 (1600 reviews) |
| Regulation | SEBI | SEBI |
| Fees | ₹0 for delivery, ₹20 per F&O order | ₹0 for delivery, ₹20 per intraday/F&O order |
| Min. Deposit | 0 ₹ | 0 ₹ |
| Instruments | Indian Stocks, Mutual Funds, F&O, Digital Gold, Fixed Deposits | Indian Stocks, F&O, Commodities, Currency, Mutual Funds, IPOs |
| Platforms | Groww App, Groww Web | Upstox Pro App, Upstox Pro Web |
| Options Trading | Yes, Futures & Options on NSE | Yes, F&O on NSE/BSE |
| Founded | 2016 | 2009 |
| Headquarters | Bangalore | Mumbai |
Detailed Comparison
Fee Comparison
Groww: ₹0 for delivery, ₹20 per F&O order. Minimum deposit: 0 ₹.
Upstox: ₹0 for delivery, ₹20 per intraday/F&O order. Minimum deposit: 0 ₹.
Product Range
Groww (5 categories)
Upstox (6 categories)
Trading Platforms
Groww
- Groww App
- Groww Web
Upstox
- Upstox Pro App
- Upstox Pro Web
Regulation & Security
Groww is regulated by SEBI (HQ: Bangalore).
Upstox is regulated by SEBI (HQ: Mumbai).
Who Is It For?
Groww
Indian neobroker for stocks, funds and digital gold
✓ Extremely user-friendly app for beginners
✓ Free stock and fund trading (delivery)
✓ Mutual funds, stocks and gold in one app
✗ Only Indian markets available
✗ Limited tools for advanced traders
Upstox
Indian discount broker with Ratan Tata investment and modern app
✓ Free delivery trading on NSE and BSE
✓ Modern Upstox Pro platform with TradingView charts
✓ Notable investors (Ratan Tata, Tiger Global)
✗ Only Indian markets accessible
✗ Occasional server outages during high volume
Frequently Asked Questions
Is Groww or Upstox cheaper?
Which broker offers more products: Groww or Upstox?
Which broker is better regulated?
Is Groww or Upstox better for beginners?
Groww vs Upstox: Which broker is better overall?
Upstox
Indian discount broker with Ratan Tata investment and modern app
Open Account →From 0 ₹ min. deposit