Shoonya vs Upstox vs Groww

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.

Shoonya Broker is a zero-commission trading platform in India that offers a variety of trading products, including stocks, derivatives, currencies, commodities, mutual funds, SIPs, bonds, and ETFs. It is a subsidiary of Finvasia, a financial technology company.

Shoonya Broker was launched in 2016 with the aim of providing investors with a more affordable and transparent way to trade. The company does not charge any brokerage fees on any of its trading products. It also does not provide any investment advice or tips.

Shoonya Broker's trading platform is web-based and mobile-friendly. It offers a variety of features, including real-time quotes, charting tools, and order execution. The platform is also integrated with NSE, BSE, MCX, and CMCE exchanges.

To open a demat account in Shoonya, follow the below steps:
Step 1: Visit select.finology.in.
Step 2: Click on 'Brokers' from the Menu tab.
Step 3: Click on "All Stock Brokers', you will find Shoonya in the list there.
Step 4: Select "Shoonya Broker" as your broker.
Step 5: Click on 'Open Demat Account'. You will be redirected to the Shoonya platform.
Step 6: Follow the steps as mentioned, add necessary information and click on 'Proceed'.

Here are the main features of Shoonya Broker:

• Zero brokerage fees: Shoonya Broker does not charge any brokerage fees on any of its trading products. This means that you can trade stocks, derivatives, currencies, commodities, mutual funds, SIPs, bonds, and ETFs without having to pay any commission.
• Wide range of trading products: Shoonya Broker offers a wide range of trading products, including stocks, derivatives, currencies, commodities, mutual funds, SIPs, bonds, and ETFs. This means that you can trade a variety of assets through a single platform.
• Web-based and mobile-friendly trading platform: Shoonya Broker's trading platform is web-based and mobile-friendly. This means that you can trade from anywhere, at any time.
• Integrated with major exchanges: Shoonya Broker is integrated with major exchanges, such as the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and Multi Commodity Exchange (MCX). This means that you can trade on all the major exchanges through a single platform.
• Regulated by SEBI and NSE: Shoonya Broker is a regulated broker. It is a member of the Securities and Exchange Board of India (SEBI) and the National Stock Exchange (NSE). This means that your investments are safe and secure.