Groww vs Upstox
Charges and features for options traders, side by side. Published rates checked Mon, 2 Nov, 2026.
| Feature | Groww | Upstox |
|---|---|---|
| Options brokerage | ₹20 per order | ₹20 per order |
| Equity delivery | ₹20 or 0.1%, whichever is lower (min ₹5) | ₹20 per order |
| Account opening | ₹0 | ₹0 |
| Demat AMC | ₹0 | Free in year 1; then ₹300 + GST a year |
| Platforms | Groww app, Groww Terminal | Upstox app and Upstox Pro |
| Options tools | Option chain with payoff view and baskets | Option chain |
| NSE active clients | 1.34 crore (NSE, Sep 2026) | 18.5 lakh (NSE, Sep 2026) |
Groww
India's largest broker by active clients; a simple app built for first-time investors.
- No account or AMC charges
- Very simple app
- Payoff view on the option chain
- Delivery trades are not free
- Fewer advanced tools for option sellers
Upstox
Discount broker with a clean app and a pro trading terminal.
- Simple flat pricing
- Pro terminal for active traders
- Delivery trades cost ₹20 each
- AMC after the first year
Want to see what your own trading would cost at each broker? Use the brokerage calculator.
Frequently asked questions
Is Groww or Upstox cheaper for options trading?
Both charge ₹20 per order per options order, and statutory charges such as STT are the same at both. Differences are in delivery charges, AMC and tools.
Are Groww and Upstox regulated?
Both are SEBI-registered stock brokers and members of NSE and BSE. Client money and securities are covered by the exchanges' rules on segregation.
Can I have accounts with both Groww and Upstox?
Yes. You can hold demat and trading accounts with more than one broker; each charges its own AMC.
Does the broker change STT or exchange charges?
No. STT (0.15% of premium on the sell side), exchange charges, the SEBI fee and stamp duty are the same at every broker. Only brokerage and account charges differ.