Zerodha vs Groww vs Upstox vs Angel One — Broker Comparison 2026

⚡

Zerodha

Our Top Pick

4.5 ★

🌱

Groww

Best for Beginners

4.1 ★

📊

Upstox

For Active Traders

3.9 ★

👼

Angel One

With Research

3.8 ★

💰 Charges Comparison

Feature	⚡ Zerodha	🌱 Groww	📊 Upstox	👼 Angel One
Equity Delivery	₹0 FREE	₹20/order	₹20 or 0.01%	₹0 FREE
Intraday / F&O	₹20/order	₹20/order	₹20 or 0.01%	₹20/order
Account Opening	₹0 FREE	₹0 FREE	₹0 FREE	₹0 FREE
Demat AMC	₹300/yr 1st yr FREE	₹0 FREE	₹300/yr 1st yr FREE	₹240/yr (yr 1 too)
DP Sell Charges	₹13.5 + GST	₹13.5 + GST	₹18.5 + GST	₹20 + GST
IPO Application	₹0 FREE	₹0 FREE	₹0 FREE	₹0 FREE
Mutual Funds	₹0 FREE	₹0 FREE	₹0 FREE	₹0 FREE

🔧 Features Comparison

Feature	⚡ Zerodha	🌱 Groww	📊 Upstox	👼 Angel One
Trading Platform	Kite (Best)	Groww App	Pro Web	Angel One App
Advanced Charting	✓ TradingView	✗ Basic	✓ Good	✓ Decent
Mutual Funds App	Coin (Best)	Groww (Best)	Basic	Angel Bee
Research Reports	✗ None	✗ None	✗ Basic	✓ In-house
Free Education	Varsity (Best)	Blog only	Blog only	Basic
US Stocks	✗ No	✓ Yes	✗ No	✗ No
Commodity Trading	✓ MCX	✗ No	✓ MCX	✓ MCX
Mobile App Quality	Excellent	Excellent	Good	Average
Uptime / Reliability	Very High	High	High	Average
Active Clients	1.5 Cr+	1 Cr+	70 L+	75 L+
Founded	2010	2016	2012	1987

🎯 Who Should Choose What?

⚡ Zerodha

Best for IPO investors, long-term stock holders, and serious traders. Zero delivery charge saves money every trade. Kite is India's best platform.

🌱 Groww

Best for first-time investors and mutual fund SIP investors. Zero AMC is a plus. But ₹20/delivery makes it costlier for stock traders.

📊 Upstox

Best for active intraday traders who need advanced charting tools. Not ideal for long-term investors — ₹300/yr AMC and ₹18.5 DP charges are higher.

👼 Angel One

Good if you want free delivery + built-in research. But ₹240/yr AMC (from year 1) and ₹20 DP charges make it the most expensive overall.

🏆 Overall Verdict

Winner: Zerodha — Zero delivery brokerage, India's best Kite platform, Coin for direct MFs, Varsity for learning, lowest DP charges (₹13.5), and 1.5 Cr+ active clients make Zerodha the #1 choice for most investors. The only downside is no in-house research and ₹300/year AMC from year 2 (1st year free).

Runner Up: Groww — Best for complete beginners due to simple UI and zero AMC. But pay ₹20 on every stock delivery trade.
3rd: Upstox — Feature-rich for traders but more expensive overall for long-term investors.
4th: Angel One — Trusted brand with research, but highest total cost of ownership.

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📊 Zerodha vs Groww vs Upstox vs Angel One