Broker Comparison |
Dhan(3.7) Open Account |
Upstox(3.4) Open Account |
Groww(3.1) Open Account |
|---|---|---|---|
| Basic Details | |||
| Broker Type | |||
| Broker Type | Discount Broker | Discount Broker | Discount Broker |
| Account Opening | |||
| Account Opening | Free | ₹0 | Free |
| Account Maintenance | |||
| Account Maintenance | Free | ₹0 | Free |
| Broker Ratings | |||
| Usability | |||
| Usability | (3.5) | (4) | (3) |
| Charged | |||
| Charged | (3.5) | (3.7) | (3) |
| Customer Service | |||
| Customer Service | (4.2) | (2.5) | (3.5) |
Groww is a popular, SEBI registered investment adviser. All personal information entered on the platform is stored using 256-bit encryption. Also, all transactions are done through Asset management companies (AMCs) for mutual funds & Bombay Stock Exchange (BSE) for stocks, which means that at no stage does your money reach the company itself.
The Demat account and trading account opening charges with Groww are free. The annual maintenance charge is also free. Additionally, there is no margin money requirement.
Groww charges an Rs.20 per order or 0.05% whichever is low for Equity Delivery, Equity Intraday, Equity Futures, Equity Options. Commodity & Currency trading is presently not available with Groww.
Groww is a discount broker which is aimed at providing modern online-based financial solutions to its clients at a minimal cost.
Upstox account is a 2-in-1 account. It is a combination of a trading and a demat account. The trading account gives you access to stock exchanges like NSE, BSE and MCX etc. And the demat account is used to hold securities like stocks, mutual funds etc.
The upstox account allows investors to trade in stocks, equity derivatives, currency and commodities. It also offers online mutual fund investment in a lump sum or SIP way.
You can open the Upstox account in 2 easy ways:
1. Upstox Online Account Opening
Click on to open an account
Enter your Email Address and Mobile Number.
Fill in your personal details and bank details.
Review, confirm and submit the application.
2. Upstox Offline Account Opening
Visit Upstox website, Go to 'Support'
Click 'Download Forms'
Click 'Demat & Trading Account'
Print the form
Fill and sign the form.
Attach all the required documents.
Courier the filled form to Upstox registered office.
Upstox offers brokerage free equity delivery trading. For all other segments, it charges flat Rs. 20 or 0.01% per executed order. Also, customers have to pay government taxes, exchange turnover charges, demat debit transaction fees etc. Click the link to know more about Upstox brokerage charges.
Dhan App is an online investing and trading platform created by Raise Financial Services, a fintech startup founded by Pravin Jadhav.
Pravin Jadhav, founder of Raise Financial Services is the owner of Dhan App.
Account opening on Dhan App is free. The platform does not charge an AMC either.
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