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Upstox vs Zerodha vs Groww

Built from live entity records — same tables as our curated reviews. Highest editorial rating here: Zerodha.

In this comparison (3/4)

Upstox✕Zerodha✕Groww✕

Highlighted rows differ between columns.

Comparison of Upstox, Zerodha, Groww: pricing, ratings and key facts
4.3/ 5
4.6/ 5
4.5/ 5
Best forMobile-first traders and developers who use trading APIs.Cost-conscious DIY investors who mainly buy-and-hold stocks or trade F&O occasionally.Beginners and mutual-fund investors who want one simple app for everything.
Account opening₹0 (free)source₹0 (free)source₹0 (free)source
Annual maintenance (AMC)₹0 first year, then ₹300/yearsource₹0 first year, then ₹300/yearsource₹0source
Equity delivery₹20 per ordersource₹0source₹20 or 0.1% per ordersource
Intraday₹20 or 0.1% per ordersource₹20 or 0.03% per ordersource₹20 or 0.1% per ordersource
Options₹20 per ordersource₹20 per ordersource₹20 per ordersource
Futures₹20 or 0.05% per ordersource₹20 or 0.03% per ordersource₹20 per ordersource
Research & advisory———
Trading API✓ Free historical + websocket APIssource——
IPO investing✓ UPI-based IPO applicationssource—✓ UPI-based IPO applicationssource
Mobile app✓ Upstox Prosource✓ Kite (Android + iOS)source✓ Groww (Android + iOS)source
Web platform✓ Upstox Pro Websource✓ Kite Websource✓ Groww Websource
Charting—✓ ChartIQ + TradingViewsource—
Customer support—✓ Ticket + call-and-tradesource✓ Help center + in-app chat + email (support@groww.in) + phone 9108800000source
US stocks—✓ Beta on Kite web: ~2,000 stocks, ~1,000 ETFs, fractional, 0.10% brokerage (max $10)source✓ Live via Groww IFSC (GIFT City): thousands of US stocks and ETFs, fractional from $1, ₹0 account opening and AMCsource
Mutual funds✓ Supported✓ Supported✓ Supported
IPO✓ Supported✓ Supported✓ Supported
US stocks—✓ Supported✓ Supported
Fees & pricing score4.4/54.8/54.3/5
Trading platforms score4.3/54.7/54.4/5
Customer support score3.7/53.9/54.0/5
Research & education score3.0/53.5/53.2/5
Ease of opening score4.4/54.2/54.9/5

Highlighted rows differ. “Confirming” means we haven't re-verified that figure yet — check the official pricing page.

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4.3/ 5

Upstox is a solid low-cost alternative to the big two, especially for API users. Confirm current AMC and plan details before opening an account.

What we like

  • Free account opening
  • Fast Pro web + mobile platforms
  • Good API for algo traders
  • Competitive flat pricing

Watch out for

  • AMC and platform nuances change often — verify
  • Support quality is inconsistent
  • Margin-trading funding costs add up
4.6/ 5

Zerodha remains the benchmark discount broker: unbeatable for delivery investors, transparent flat pricing for traders. Beginners wanting hand-holding may prefer a full-service app.

What we like

  • ₹0 equity delivery brokerage
  • Simple flat ₹20 intraday/F&O pricing
  • Mature Kite web + mobile platform
  • Strong Varsity investor-education library
  • Free account opening

Watch out for

  • ₹300/year AMC after free first year
  • No research-advisory for beginners
  • Support can be slow on volatile days
4.5/ 5

Groww is the easiest on-ramp to Indian investing. Active high-volume traders should compare per-order costs with Zerodha before switching.

What we like

  • Easiest onboarding for first-time investors
  • Stocks, MFs and IPOs in one app
  • Clean, modern mobile experience
  • Free account opening

Watch out for

  • Flat per-order pricing adds up for small trades
  • Limited advanced charting vs Kite/TradingView depth
  • Research content is basic
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How we research. Every fee on this site carries a source and a verification date. Data is re-checked against official broker pages; read our editorial methodology. LetsInvest is a research publication, not a financial adviser — see our terms.