Independent. No broker pays us, and every number comes from a published source.

Broker comparison

Upstox vs Groww (2026): Brokerage, API, AMC & Execution Compared

Side-by-side comparison of Upstox and Groww from published official pricing and features — no affiliation with either broker.

By the Indian Broker Test editorial desk · Published 8 July 2026 · Data last reviewed 14 November 2026 · Independent

  • 0 – 0Cheaper on example trades (Upstox – Groww)
  • 5 – 4Published features (of 9)
Upstox vs Groww — published pricing and features (official sources at last review)
Metric Upstox Groww
Delivery brokerage ₹20 per order (flat) ₹20 or 0.1% per order (whichever is lower), minimum ₹5
Intraday brokerage ₹20 or 0.1% per order (whichever is lower) ₹20 or 0.1% per order (whichever is lower), minimum ₹5
F&O brokerage ₹20 per order (options); ₹20 or 0.05% per order for futures (whichever is lower) ₹20 per order (flat)
AMC ₹0 first year, then ₹300 + GST per year ₹0
Account opening Free (online) Free (online)
Trading API Upstox API — Free (per official developer page) Groww Trade API — ₹499 + taxes per month (per official page)
Reported execution speed ≈ 135 ms (median) < 50 ms (self-reported)self-reported
Algo support Yes - via Upstox API Limited - API access is newer than peers
Platforms Upstox app, Upstox web (Pro) Groww app, Groww web
Best for (published) Intraday and options traders who prioritise app speed and a free API. Beginners and long-term investors who want one simple app for stocks and mutual funds.

Statutory charges (STT, exchange fees, GST, etc.) are not included. Figures are from official pricing pages at our last review — verify before opening an account.

Cost face-off: what real trades cost

Total charges per round trip, brokerage + all statutory charges (NSE)
TradeUpstoxGrowwCheaper
Intraday: ₹1 lakh buy & sell ₹82.97 ₹82.97 Tie
Delivery: ₹50,000 buy & sell ₹178.98 ₹178.98 Tie
Options: premium ₹100 × 75 ₹66.43 ₹66.43 Tie
Futures: ₹24,000 × 75 ₹1,067.15 ₹1,067.15 Tie

Illustrative quantities. Try your own trade in the compare-all brokerage calculator.

Feature check

FeatureUpstoxGroww
Free delivery––
Zero AMC–✓
Free API✓–
TradingView––
MCX commodity✓–
Mutual funds✓✓
IPO✓✓
Research desk––
Published speed✓✓

What the published data shows

Both publish execution-speed figures (Upstox: ≈ 135 ms (median); Groww: < 50 ms (self-reported)) — methodologies differ; see each profile before comparing on speed alone.

Tools & profiles

Related comparisons

Frequently asked questions

Upstox vs Groww: which has lower delivery brokerage?

At our last review, Upstox published delivery brokerage as "₹20 per order (flat)" and Groww as "₹20 or 0.1% per order (whichever is lower), minimum ₹5". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.

Does Upstox or Groww have a trading API?

Both have documented APIs at review time: Upstox (Upstox API), Groww (Groww Trade API). Compare pricing and rate limits on each broker's developer page.

Which is faster — Upstox or Groww?

Upstox publishes ≈ 135 ms (median); Groww publishes < 50 ms (self-reported). Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.

Is Upstox cheaper than Groww?

On our four example trades (intraday, delivery, options and futures), Upstox is cheaper on 0, Groww on 0, and 4 are tied. Statutory charges are identical, so any difference comes from brokerage.

Are these comparisons independent?

Yes. Indian Broker Test is not affiliated with, sponsored by, or endorsed by any broker. Rankings and comparisons use only published official data; gaps are shown as Not Disclosed.

Sources

  1. Upstox - official website - https://upstox.com
  2. Upstox - official pricing - https://upstox.com/brokerage-charges/
  3. Groww - official website - https://groww.in
  4. Groww - official pricing - https://groww.in/pricing