Beeline Vs Groww (Compare Beeline and Groww)


Beeline
Beeline Broking Ltd is an online Discount Stock Broker. Beeline offers trading & investment at BSE, NSE, MCX and NCDEX exchanges. Beeline offers investment across segments including Equity, Derivative, Currency Derivatives, Commodity and Insurance. Beeline is the only broker in India who offers both Traditional Brokerage Plans as well as Discount Brokerage Plan. These plans are available in segments including Equities F&O, Currency F&O and MCX Futures. The brokerage is charged Rs 18 per execute... Know more about Beeline Broking Limited


Groww
Groww is a Bangalore based broker offering online flat fee discount brokerage services to invest in Equity, IPO, and Direct Mutual Funds. Groww is the brand name for Nextbillion Technology Private Limited who is a SEBI registered stockbroker and a member of NSE and BSE. Established in 2016, Groww initially started as a direct mutual fund investment platform. In the mid-2020s, Groww expanded its product offering to include Equity trading. The company also offers Digital gold, US Stocks, and Fixe... Know more about Nextbillion Technology pvt ltd

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Beeline Vs Groww

Incorporated in , Beeline is a Discount Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

  Beeline Groww
Type of Broker Discount Broker Discount Broker
Exchnage Membership BSE, NSE, MCX, NCDEX NSE and BSE
Year of Incorporation 2016
Number of Branches 0
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Beeline Vs Groww Charges & AMC

Beeline trading account opening charges is Nil while Groww account opening changes is Rs 0. Beeline Demat Account AMC Charges is Zero AMC with one time Rs 876 fee and Groww Demat Account AMC Charges is Rs 0.

  Beeline Groww
Trading Account Opening Charges Nil Rs 0
Trading Account AMC Charges Nil Rs 0
Demat Account Opening Charges Nil Rs 0
Demat Account AMC Charges Zero AMC with one time Rs 876 fee Rs 0
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Beeline Vs Groww Brokerage Charges & Plans

Beeline Vs Groww Brokerage

Beeline brokerage charges for equity is Rs 18 per executed order and intraday is Rs 18 per executed order whereas Groww brokerage charges for equity is Rs 20 per executed order or 0.05% whichever is lower and intraday is Rs 20 per executed order or 0.05% whichever is lower.

  Beeline Groww
Account Type Discount Brokerage Plan Standard Plan
Fixed Charges NA NA
Equity Delivery Rs 18 per executed order Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Rs 18 per executed order Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 18 per executed order NA
Equity Options Rs 18 per executed order NA
Currency Futures Rs 18 per executed order NA
Currency Options Rs 18 per executed order NA
Commodity Futures Rs 18 per executed order NA
Commodity Options NA
Special Offer

Beeline Vs Groww Brokerage Plan 2

  Beeline Groww
Account Type Traditional Brokerage Plan Standard Plan
Fixed Charges NA NA
Equity Delivery As per margin Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday As per margin Rs 20 per executed order or 0.05% whichever is lower
Equity Futures As per margin NA
Equity Options As per margin NA
Currency Futures As per margin NA
Currency Options As per margin NA
Commodity Futures As per margin NA
Commodity Options NA

Beeline Charges Vs Groww

Minimum Brokerage Rs 18 per executed order Rs 20 or 0.05% per executed order
Other Charges Software Charges at Rs 150 per segment Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50
Call & Trade Charges Rs 20 per executed order NA
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Beeline Vs Groww Transaction Charges

Beeline transaction charges for options is NSE Rs 5600 per Cr (0.056%) while Groww exchange transaction charges for options is NA.

  Beeline Groww
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE Rs 215 per Cr (0.00215%) NA
Equity Options NSE Rs 5600 per Cr (0.056%) NA
Currency Futures NSE Rs 135 per Cr (0.00135%) NA
Currency Options NSE Rs 4600 per Cr (0.046%) NA
Commodity MCX Rs 260 per Cr (0.0026%)| NCDEX Rs 400 per Cr (0.004%) NA
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Beeline Vs Groww Leverage (Margin)

Beeline margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Groww margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  Beeline Groww
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare Beeline and Groww Features

The trading platforms offered Beeline include NSE Now, ODIN (My Armour). Groww offers Groww trading software.

  Beeline Groww
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding No No
Margin Against Shares (Equity Cash) No
Margin Against Shares (Equity F&O) No
Trading Platform NSE Now, ODIN (My Armour) Groww
Intraday Square-off Time 3:15 PM 3:10 PM
Other Features
Referral Program
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Beeline Vs Groww Review

Beeline is rated 4.0 of 5 based on 2 customer reviews whereas Groww is rated 3.7 of 5 based on 31 customer reviews.

  Beeline Groww
  2 Customer Reviews    Rate Beeline 31 Customer Reviews    Rate Groww
Fees 4.5 4.2
Brokerage 4.5 3.9
Trading Platform 3.0 3.7
Customer Service 3.5 3.3
Research Capabilities 2.7
Overall Ratings Rated 4.0 stars Rated 3.7 stars
Broker Rating Beeline is rated 4.0 of 5 based on 2 customer reviews Groww is rated 3.7 of 5 based on 31 customer reviews
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Contact Broker / Request A Call Back

  Beeline Enquire Groww Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Leave your contact information and we will get in touch with you....
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Beeline Vs Groww Investment Options

  Beeline Groww
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
IPO No Yes
Mutual Funds No Yes
Bond / NCD Yes No
Debt No Yes
Other Investment Options Insurance Digital Gold, US Stocks, Fixed Deposits
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Beeline Vs Groww Order Type Offered

  Beeline Groww
Bracket Order No No
Cover Order No No
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) Yes No
After Market Order(AMO) No No
Good Till Cancelled (GTC) No No
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Beeline Vs Groww Research Report

  Beeline Groww
Daily Market Report No No
Free Tips No No
Quarterly Result Analysis No No
News Alerts No No
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Beeline Vs Groww Suitable For Investor Type

  Beeline Groww
Casual Investor Yes
Active Investor
Trader Yes
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Beeline Vs Groww - Pros and Cons

  Beeline Groww
Pros
  1. Online Discount Stock and Commodity Broker.
  2. Brokerage Fee: Flat Rs 18 per executed order in Eq F&O, Curr F&O and Commodity Futures.
  3. Rs 0 AMC Demat account when paid Rs 876 one time fee.
  4. NSE Now and ODIN trading software.
  5. Dedicated relationship managers are available.
  • Simple pricing model with low-cost trading charges.
  • Free Mutual Fund investments with no hidden charges.
  • Zero Account opening fee.
  • Zero Maintenance Charges.
  • Direct MF platform that helps you earn an extra 1.5% returns.
  • E-books, Resources, and Blogs that provide the basics and updates on the stock market to help investors make an informed decision.
  • Instant paperless account opening.
  • Online IPO application.
  • Inhouse Brokerage Calculator
  • Option to invest online in digital gold and US Stocks. Other products (Derivatives, FD) in the pipeline. 
Cons
  1. Software uses changes at Rs 150 per segment.
  2. Call & Trade is not free. It is charged at Rs 20 per order.
  3. Unlike Zerodha and RKSV, Beeline doesn't have its own trading platform.
  4. Doesn't offer local customer service as it doesn't have branch offices.
  • Limited investment products with no option to currently trade in derivatives (futures & options), commodity, and currency segment.
  • No Call and Trade services.
  • Branch support not available.
  • Do not provide stock tips, research reports, or recommendations.
  • No Margin trading facility.
  • No Margin against shares.
  • Advanced order types like BO, CO, AMO, and GTT not available.
  • Trailling stop loss orders are not available in Groww app.
  • Do not offer NRI Trading.
Reviews

Beeline Broking is India based broker engaged in stock and commodity trading. Beeline is a discount stock broker offering flat rate (Rs 18 per executed order) brokerage plan. Beeline offers industry standard NSE NOW and ODIN trading platform. Beeline also offer depository services (demat account) and online insurances. Beeline is based in Ahmadabad, Gujarat.

Groww is a Bangalore based broker offering online services to invest in Equity, IPO, and Direct Mutual Funds. Groww is registered with SEBI as a stock broker in the name of NextBillion Technology Limited. Groww is also a member of the NSE, BSE, and CDSL depository.

Groww is an online discount broker with a simple pricing model based on a flat fee. The company charges a lower of Rs 20 or 0.05% per executed trade and offers Free Mutual Fund services with no charges in investing or redemption of mutual funds.

The account opening with Groww is also free with no maintenance charges. It does not offer any tips, recommendations, and research services. Groww offers its trading platform called Groww on web and mobile app to enjoy a seamless trading experience for its investors.

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