Zerodha vs Upstox vs Groww

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Zerodha vs Upstox vs Groww



In the dynamic stock trading landscape, discount brokers have become popular for investors seeking cost-effective and efficient brokerage services. At the forefront of this trend are Zerodha, Upstox, and Groww, which are recognized as the leading names in the realm of discount brokerage.

A discount broker is a conduit for executing buy and sell orders in the financial markets at reduced commission rates when juxtaposed with traditional full-service brokers. Unlike their full-service counterparts, discount brokers operate on a streamlined model, wherein they abstain from offering personalized investment advice or conducting in-depth analysis on behalf of their clients.

These platforms leverage technology to facilitate seamless transactions, providing traders with user-friendly interfaces and cutting-edge tools to execute trades swiftly and effectively. Through intuitive online platforms and mobile applications, investors can access many financial instruments at significantly lower commission fees, including stocks, derivatives, mutual funds, and more.

Zerodha, Upstox, and Groww have garnered immense popularity among investors due to their competitive pricing structures, transparent policies, and emphasis on empowering users with comprehensive trading resources. Each platform offers unique features and benefits, catering to the diverse needs and preferences of investors ranging from seasoned professionals to novice traders.

With a commitment to democratizing access to financial markets and fostering a culture of self-directed investing, these discount brokers have revolutionized the landscape of brokerage services, empowering individuals to take greater control of their investment portfolios while minimizing costs and maximizing returns.

Here is a major service comparison between these:
https://zerodha.com/open-account?c=UY4367
Zerodha
Upstox
Groww
Overall Rating4.544
Brokerage Charges5/54/54/5
Trading Platform4.54.54
Customer Service4.54.54.5
Broker TypeDiscount BrokerDiscount BrokerDiscount Broker
Exchanges SupportedNSE, BSE, MCXNSE, BSE, MCXNSE, BSE
Broker OverviewZerodha is India's number 1 discount broker; it offers free equity (delivery) and mutual fund investment, Rs 20 flat brokerage trading on options, and a user-friendly Kite trading platform.Rs 20 flat brokerage fee, brokerage-free investment in mutual funds, and state-of-the-art technology platforms (Upstox Pro and Upstox) with many features for 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 make investing hassle-free
Account Opening Charges20000
AMC75+18% GST=88.5 per quarter75+18% GST=88.5 per quarter0
Brokerage Charges
Delivery020 per transaction20 per transaction
Mutual Funds000
Equity Options202020
Equity Intraday0.03% or 20 whichever is lower0.05% or 20 whichever is lower0.05% or 20 whichever is lower
Equity Futures0.03% or 20 whichever is lower0.05% or 20 whichever is lower0.05% or 20 whichever is lower
Currency Futures0.03% or 20 whichever is lower0.05% or 20 whichever is lowerNA
Currency Options₹20₹20NA
Auto Sq. Charges₹50+18%GST=₹59₹50+18%GST=₹59₹50+18%GST=₹59
Auto square off time
Equity/Cash3:20 PM3:15 PM3:20 PM
Equity Derivatives3:25 PM3:20 PM3:20 PM
Currency Derivatives4:45 PM4:30 PMNA
Commodities25 minutes before Close40 minutes prior to when the market closes at 11.30 PM.NA
Margin
Equity5X (20% of the trade value based on the volatility of the stock(VaR+ELM+Adhoc margins of the exchange))2X (50% of the trade value based on the volatility of the stock(VaR+ELM+Adhoc margins of the exchange))5X (20% of the trade value based on the volatility of the stock(VaR+ELM+Adhoc margins of the exchange))
Index F&O1X (100% of NRML margins(SPAN + Exposure))1X (100% of NRML margins(SPAN + Exposure))1X (100% of NRML margins(SPAN + Exposure))
Stock F&O1X (100% of NRML margins(SPAN + Exposure))1X (100% of NRML margins(SPAN + Exposure))1X (100% of NRML margins(SPAN + Exposure))
Currency Futures1X (100% of NRML margins(SPAN + Exposure))1X (100% of NRML margins(SPAN + Exposure))1X (100% of NRML margins(SPAN + Exposure))
Commodity Futures1X (100% of NRML margins(SPAN + Exposure))1X (100% of NRML margins(SPAN + Exposure))1X (100% of NRML margins(SPAN + Exposure))
Transaction Charges on Debit (Per ISIN)₹8 + ₹5.50 (CDSL Charges) per transaction₹13 + ₹5.50 CDSL charges₹8 + ₹5.50 (CDSL Charges) per transaction
Customer Care Number9180404020209122613099999108800604
Account Opening ProcessOnline/PaperlessOnline/PaperlessOnline
Customer Support Emailsupport@zerodha.comsupport@upstox.comsupport@groww.in
Knowledge Center/Educationhttps://zerodha.com/varsity/https://upstox.com/help-center/https://groww.in/academy
Head Office AddressZerodha Headquater
#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore - 560078		Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013		Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 56

Here is the link for opening a Demat account for all of these:
  1. Zerodha: https://zerodha.com/open-account?c=UY4367
  2. Upstox: https://link.upstox.com/9fAC  
  3. Groww: https://app.groww.in/v3cO/xkv346wi
Here is the link to the brokerage calculators:
  1. Zerodha: https://zerodha.com/brokerage-calculator/#tab-equities
  2. Upstox: https://upstox.com/calculator/brokerage-calculator/
  3. Groww: https://groww.in/calculators/brokerage-calculator
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