Upstox is a discount stock broker based in Mumbai. You can trade, buy equity and commodity, and use all services NSE, BSE, and MCX. You can use mobile phones and web browsers. This platform is built on NEST OMS (Order Management System).
On the other hand, Groww is an investment platform. You can invest money in mutual funds with stockbroking. This platform has so many different features. The aim of this platform is to bring every investment under one roof. You can invest assets in mutual funds, stocks, gold, derivates, fixed deposits, US stocks, and many other platforms.
This article will compare these two platforms. It will help you to understand different features and all pros and cons. Finally, it will help you choose the right platform for you.
UpstoxThis platform offers you to trade at a low price. You can have the advantages of equities, commodities, futures, currencies, and many more. This platform is available in the web browser, and you can also trade on a mobile phone.
You can have full trust after knowing that this company is backed up by GVK Davix, Ratan Tata, and Kalaari Capital. Moreover, this platform has a Risk Management System and Order Management System, and this makes it safe and secure. In addition, there are different rich trading features like trading, charting, and analysis.
Upstox Pro service is paid, and traders need to take the subscription to use the pro version. The pro version allows you to trade equity F&O, commodities, equity Indra-day and currency derivatives. Read More: Rsl Online, Smart Business Daily, Blog Stellar, Finance Team
GrowwThis platform is a Bangalore-based brokerage service company. You can invest in IPO, mutual funds, and equity with a discount fee brokerage. The brand name is Nextbillion Technology Private Limited. This company is a member of BSE and NSE and also a SEBI registered stockbroker.
When the platform introduced itself in 2016, it was only a mutual fund investment platform. In 2020, it offered equity trading. You can also invest in US stocks, digital gold, fixed deposits, and other investments. In addition, there is a feature that provides mutual fund investment with zero charges.
The application is secured with 128-bit encryption. There are more than one crore consumers, and this application has a 4.5-star rating in the App store and Google play store. Know More: Get Me Seen, Top Preference, Big Jar News, Small Business Journals
Upstox Vs GrowwBoth platforms have a few similar and different features and aspects. Before choosing, you should check the list below.
Upstox
Groww
Type of Broker
Discount Broker
Discount Broker
Exchange Membership
MCX, NSE, BSE
NSE and BSE
Year of Incorporation
2012
2016
Number of Branches
4
0
Upstox
Groww
Opening Charges (Trading Account )
249 Rupees
Free
AMC Charges (Trading Account)
Free
Free
Opening Charges (Demat Account)
Free
Free
AMC Charges (Demat Account)
Free
Free
Account Type
Upstox Default
Groww Standard Plan
Fixed Charges
-
-
Equity Delivery
20 Rupees per order or 2.5% (whichever is low)
20 Rupees per order or 0.05% (whichever is low)
Equity Intraday
20 Rupees per order or 0.05% (whichever is low)
20 Rupees per order or 0.05% (whichever is low)
Equity Futures
20 Rupees per order or 0.05% (whichever is low)
20 Rupees per order
Equity Options
20 Rupees per order
20 Rupees per order
Currency Futures
20 Rupees per order or 0.05% (whichever is low)
-
Currency Options
20 Rupees per order.
-
Commodity Futures
20 Rupees per order or 0.05% (whichever is low)
-
Commodity Options
20 Rupees per order.
-
Minimum Brokerage
0.05%
20 Rupees or 0.05%
Other Charges
50 Rupees
20 Rupees + delivery charges
Call and Trade Charges
20 Rupees per trade
-
Upstox
Groww
Equity Delivery
NSE- 0.00345% and BSE- 0.003%
NSE- 0.00325% and BSE- 0.003%
Equity Intraday
NSE- 0.00345% and BSE- 0.003%
NSE- 0.00325% and BSE- 0.003%
Equity Futures
NSE- 0.002%
NSE- .002%
Equity Options
NSE- 0.053%
NSE- 0.053%
Currency Futures
NSE- 0.0013% and BSE- 0.00026%
-
Currency Options
NSE- 0.029% and BSE- 0.026%
-
Commodity
0.0029%
-
Equity Delivery
100% trade value
100% trade value
Equity Intraday
20% trade value
20% trade value
F&O
100% NRML margin
100% NRML margin
I have used both of these platforms, and I can tell you that both of them are good investment platforms. Both have a few similar features, which is why so many consumers are using both platforms.
If you are a newbie to investment, you can experience both platforms. Then, it is upto you.
If you have any questions, feel free to ask in the comment below.
Thank you.
Jenny Thomas is a passionate blogger. She loves to share her thoughts, ideas, and experiences with the world through blogging. Jenny Thomas is associated with Blog Management, Blogger Outreach,…
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