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.
| Metric | Upstox | Groww |
|---|---|---|
| Delivery brokerage | ₹20 or 2.5% per order (whichever is lower) | ₹20 or 0.1% per order (whichever is lower; minimum applies - see official pricing) |
| Intraday brokerage | ₹20 or 0.05% per order (whichever is lower) | ₹20 or 0.1% per order (whichever is lower) |
| F&O brokerage | ₹20 per order (flat) | ₹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 — See official developer 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.
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
- Upstox full profile
- Groww full profile
- Upstox brokerage calculator
- Groww brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Upstox vs Groww: which has lower delivery brokerage?
At our last review, Upstox published delivery brokerage as "₹20 or 2.5% per order (whichever is lower)" and Groww as "₹20 or 0.1% per order (whichever is lower; minimum applies - see official pricing)". 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.
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
- Upstox - official website - https://upstox.com
- Upstox - official pricing - https://upstox.com/brokerage-charges/
- Groww - official website - https://groww.in
- Groww - official pricing - https://groww.in/pricing