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The brokerage of Upstox ranges between Rs 20, the brokerage of Alice Blue ranges between Rs 15, while the brokerage of Groww ranges between Rs 20. All 3 brokers are discount brokers. Overall rating for Upstox is 4.5, Alice Blue is rated 4, Groww is rated 4 out of 5.
Here we present side-by-side comparison of Upstox vs Alice Blue vs Groww stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared Upstox vs Alice Blue vs Groww on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better Upstox vs Alice Blue vs Groww in this setion with 360 degree view of broker information.
 Upstox |
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| Broker Type | Discount Broker | Discount Broker | Discount Broker |
| Exchanges Supported | NSE, BSE, MCX | BSE, NSE, MCX, NCDEX | NSE, BSE |
| Broker Overview | Rs 20 flat brokerage fee, brokerage-free investment in mutual funds and state-of-the-art technology platforms (Upstox Pro and Upstox) with a host of features for traders and investors alike make Upstox one of the best discount brokers in India. | Trade smarter with Alice Blue! Yes, its Rs 15 maximum brokerage, free equity and mutual fund investment, top-rated ANT trading platforms, and plethora of learning resources make it an excellent broker for beginners and seasoned traders. | Groww is the top broker for beginners to invest in direct mutual funds for Free and trade in stocks at a Rs 20 flat fee! Also, its easy-to-use, crystal clear user interface, and safe & secure Groww app and web-based platform makes investing hassl...  |
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In this section we have compared Upstox vs Alice Blue vs Groww on trading & demat account opening charges and AMC. Trading account opening charges - Alice Blue and Groww offer Free account opening where Upstox charges Promotion offer: Free for account opeing. Demat AMC charges - Upstox charges Free as AMC for Demat account, Alice Blue charges Rs 400 PA AMC for Demat account, where Groww charges Free AMC for Demat account.
| Charges | Upstox | Alice Blue | Groww |
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| Trading Account Opening Fees | Promotion offer: Free | Free | Free |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Free | Free |
| Demat AMC | Free | Rs 400 PA | Free |
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Plans are the most important feature you look when compare Upstox vs Alice Blue vs Groww. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Alice Blue offers Multiple Plans where Upstox and Groww doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | Upstox | Alice Blue | Groww |
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| Upstox | Alice Blue | Zerodha | |
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| Account Opening Request |
Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per order.
Alice Blue Brokerage Plan detail - Lowest Brokerage Plan - Max Rs 15 per Trade for Equity Intraday, Derivatives, Currency and Commodities. From May 2021, the F20 plan becomes the F15 plan.
Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.
| Brokerage Charges Compare | Upstox | Alice Blue | Groww |
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| Plan Name | Max Rs 20 Per Order Trading Plan | F15 Plan | Flat Brokerage Plan |
| Equity Delivery | 2.5% or Rs 20 whichever is lower | Free | 0.05% or Rs 20 whichever is lower |
| Equity Intraday | 0.05% or Rs 20 whichever is lower | 0.05% or Rs 15 whichever is lower | 0.05% or Rs 20 whichever is lower |
| Equity Futures | 0.05% or Rs 20 whichever is lower | 0.05% or Rs 15 whichever is lower | Flat Fee Rs 20 |
| Equity Options | Flat Fee Rs 20 | Flat Fee Rs 15 | Flat Fee Rs 20 |
| Currency Futures | 0.05% or Rs 20 whichever is lower | 0.05% or Rs 15 whichever is lower | Not Available |
| Currency Options | Flat Fee Rs 20 | Flat Fee Rs 15 | Not Available |
| Commodity Trading | Flat Fee Rs 20 | Flat Fee Rs 15 | Not Available |
| Minimum Brokerage | NA | ||
| Hidden Charges | Info Not Available | No | |
| Call & Trade Charges | Rs 50 + 18% GST | Rs 50 per order + GST | Rs 50 Per Executable Order |
| Auto Square off Charges | Rs 50 + 18% GST | Rs 50 per order + GST | Rs 50 Per Executable Order |
| Brokerage Calculator | Brokerage Calculator for Upstox | Brokerage Calculator for Alice Blue | Brokerage Calculator for Groww |
Compare Upstox vs Alice Blue vs Groww on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Upstox | Alice Blue | Groww |
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| Equity Delivery | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr |
| Equity Intraday | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr |
| Equity Futures | NSE:200 Per Cr | BSE:FREE | NSE:200 Per Cr | BSE:FREE | NSE:200 Per Cr | BSE:FREE |
| Equity Options | NSE:5050 Per Cr | BSE:3700 Per Cr | NSE:5050 Per Cr | BSE:3700 Per Cr | NSE:5050 Per Cr | BSE:3700 Per Cr |
| Currency Futures | NSE:90 Per Cr | BSE:25 Per Cr | NSE:90 Per Cr | BSE:25 Per Cr | NSE:90 Per Cr | BSE:25 Per Cr |
| Currency Options | NSE:4000 Per Cr | BSE:100 Per Cr | NSE:4000 Per Cr | BSE:100 Per Cr | NSE:4000 Per Cr | BSE:100 Per Cr |
| Commodity | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr | NA |
| Brokerage Charges | Complete Brokerage Plans for upstox | Complete Brokerage Plans for alice-blue | Complete Brokerage Plans for groww |
Compare Upstox vs Alice Blue vs Groww on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Upstox offers 3-in-1 Account where Alice Blue and Groww offers only 2-in-1 account which includes trading and demat account. Margin Funding - Upstox and Groww offers margin funding where Alice Blue doesn't offers margin funding. NRI Trading - Alice Blue offers NRI Trading where Upstox and Groww doesn't offers NRI Trading.
| Account Features Compare | Upstox | Alice Blue | Groww |
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| Intraday Square-off Time | 3:15PM | 3:15 PM | 3:10 PM |
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| Other Features | NIL | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w Upstox vs Alice Blue vs Groww. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.
| Upstox | Alice Blue | Groww | ||
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12 Customer Reviews
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20 Customer Reviews
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20 Customer Reviews
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| Overall Ratings | ||||
| Broker Rating | Upstox is Rated 3.7 / 5 based on 12 customer reviews | Alice Blue is Rated 0.9 / 5 based on 20 customer reviews | Groww is Rated 1.7 / 5 based on 20 customer reviews |
Compare Upstox vs Alice Blue vs Groww on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Upstox and Alice Blue offers Commodity Trading where Groww doesn't offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - All 3 brokers doesn't offer PMS facility.
| Investment Offerings Compare | Upstox | Alice Blue | Groww |
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| Other Investment Options | NIL | NIL | NIL |
Order Type - Compare Upstox vs Alice Blue vs Groww on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - All 3 brokers doesn't have Cover Orders (CO) facility. Bracket Orders (BO) - All 3 brokers doesn't have Bracket Orders (BO) facility. After Market Orders (AMO) - Upstox and Alice Blue AMO facility where Groww doesn't provides AMO. GTC Orders - Upstox offers Good Till Cancelled (GTC) orders facility where Alice Blue and Groww doesn't provides GTC.
| Order Type Compare | Upstox | Alice Blue | Groww |
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Compare Upstox vs Alice Blue vs Groww on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.
| Customer Service Compare | Upstox | Alice Blue | Groww |
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| Customer Care Number | +91 22 6130 9999 | 08035215000/080-45490850 | 9108800604 |
| Account Opening Process | Online/Paperless | Online/Paperless | Online |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://upstox.com/help-center/ | https://tradeschool.aliceblueonline.com/ | https://groww.in/academy |
| Head Office Address | Upstox Corporate Office Sunshine Tower, 30th Floor, Senapati Bapat Marg, Dadar (W), Mumbai - 400 013 |
Alice Blue, No. 153/2, 3rd Floor,M.R.B.Arcade, Bagalur Main Road, Dwaraka Nagar, Yelahanka, Bangalore - 560063 |
Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034 |
| Website | https://upstox.com/ | https://www.aliceblueonline.com | https://groww.in/ |
Compare Upstox vs Alice Blue vs Groww on research reports and tips provided by broker.
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| Research Mutual Funds | |
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| Research ETF | |
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Compare Upstox vs Alice Blue vs Groww on Demat Service and Charges. This section cover about demat charges, demat service and other details
| Upstox | Alice Blue | Groww | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 81800 | 85300 | 88700 |
| Demat Account Annual Maintenance Charges(AMC) | ₹300 PA | ₹400 pa | Zero |
| Advance Deposit | NIL | Rs 0 | Nil |
| Statutory charges | Nil | Rs 150 Stamp Charges | Legal Charges |
| Transaction Charges on Debit (Per ISIN) | ₹13 + ₹5.50 CDSL charges | 0.04% of the value of the transaction | ₹8 + ₹5.50 CDSL charges |
| Demat | ₹20 + ₹50 courier charges | ₹10 per certificate + ₹50 courier charges | ₹150 per certificate + courier charges |
| Remat | ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) | ₹30 per certificate + CDSL charges | ₹150 per certificate + courier charges |
| Pledge Creation | 0.02% of the transaction value (Min ₹50) + CDSL charges | ₹20 + CDSL charges | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Creation Confirmation | 0.02% of the transaction value (Min ₹50) + CDSL charges | Nil | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Closure | 0.02% of the transaction value (Min ₹50) + CDSL charges | ₹20 + CDSL charges | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Closure Confirmation | 0.02% of the transaction value (Min ₹50) + CDSL charges | Nil | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Invocation | 0.05% of the transaction value (Min ₹50) | ₹20 + CDSL charges | ₹20 + Rs. 12 per request (CDSL Charges) |
| Failed Instruction Charges | ₹50 | Nil | ₹50 |
| Other Charges |
Compare Upstox vs Alice Blue vs Groww on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| Upstox | Alice Blue | Groww | |
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| Likes |
Before you open an Upstox account, check out the advantages on why to trade with Upstox.
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| Dislikes |
There are some setbacks or disadvantages also while trading with Upstox;
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| Special Offers/Promo | Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs | ||
| Enquire for Upstox | Enquire for Alice Blue | Enquire for Groww |
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