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Edelweiss Vs Groww (Compare Edelweiss and Groww)

Edelweiss
Incorporated in 2008, Edelweiss Broking Ltd. is a Mumbai, India based full- service stockbroking firm. The company is a part of Edelweiss Group, incorporated in 1995, a leading diversified financial services conglomerate. The Retail Broking business of Edelweiss offers facilities to invest & trade in all major asset classes: Equity, Debt, Mutual Funds, IPOs, Currency Derivatives, commodities and Futures & Options. Edelweiss offers investment advice backed by research and analysis to it...

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...

Edelweiss Vs Groww

Incorporated in 2002, Edelweiss is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 237 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

	Edelweiss	Groww
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX, NCDEX	NSE and BSE
Year of Incorporation	2002	2016
Number of Branches	237	0

Edelweiss Vs Groww Charges & AMC

Edelweiss trading account opening charges is Rs 0 (Free) while Groww account opening changes is Rs 0. Edelweiss Demat Account AMC Charges is Rs 500 (1st Year Free) and Groww Demat Account AMC Charges is Rs 0.

	Edelweiss	Groww
Trading Account Opening Charges	Rs 0 (Free)	Rs 0
Trading Account AMC Charges	Rs 0	Rs 0
Demat Account Opening Charges	Rs 0 (Free)	Rs 0
Demat Account AMC Charges	Rs 500 (1st Year Free)	Rs 0

Edelweiss Vs Groww Brokerage Charges & Plans

Edelweiss Vs Groww Brokerage

Edelweiss brokerage charges for equity is Rs 10 per executed order and intraday is Rs 10 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.

	Edelweiss	Groww
Account Type	Edelweiss Lite	Standard Plan
Fixed Charges	NA	NA
Equity Delivery	Rs 10 per executed order	Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday	Rs 10 per executed order	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures	Rs 10 per executed order	NA
Equity Options	Rs 10 per executed order	NA
Currency Futures	Rs 10 per executed order	NA
Currency Options	Rs 10 per executed order	NA
Commodity Futures		NA
Commodity Options		NA
Special Offer	Special Offer: Trade @ flat Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes.

Edelweiss Vs Groww Brokerage Plan 2

	Edelweiss	Groww
Account Type	Edelweiss Elite	Standard Plan
Fixed Charges		NA
Equity Delivery	0.30%	Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday	0.03%	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures	0.03%	NA
Equity Options	Rs 75 per lot	NA
Currency Futures	0.02%	NA
Currency Options	Rs 22 per lot	NA
Commodity Futures		NA
Commodity Options		NA

Edelweiss Charges Vs Groww

Minimum Brokerage	0.03% Equity delivery, 0.01% Intra-day and Futures	Rs 20 or 0.05% per executed order
Other Charges	Margin Funding: 0.08%/day, Research: Rs 50 per month,	Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50
Call & Trade Charges	Rs 20 per call	NA

Edelweiss Vs Groww Transaction Charges

Edelweiss transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 5000 per Cr (0.05%) (on premium) while Groww exchange transaction charges for options is NA.

	Edelweiss	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 190 per Cr (0.0019%) \| BSE Rs 190 per Cr (0.0019%) (each side)	NA
Equity Options	NSE Rs 5000 per Cr (0.05%) \| BSE Rs 5000 per Cr (0.05%) (on premium)	NA
Currency Futures	NSE Rs 115 per Cr (0.00115%) \| BSE Rs 115 per Cr (0.00115%)	NA
Currency Options	Rs 4000 per Cr (0.04%) (on premium)	NA
Commodity		NA

Edelweiss Vs Groww Leverage (Margin)

Edelweiss 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.

	Edelweiss	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)

Compare Edelweiss and Groww Features

The trading platforms offered Edelweiss include Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Edelweiss Xpress. Groww offers Groww trading software.

	Edelweiss	Groww
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Edelweiss Xpress	Groww
Intraday Square-off Time	3:00 PM	3:10 PM
Other Features
Referral Program

Edelweiss Vs Groww Review

Edelweiss is rated 3.0 of 5 based on 64 customer reviews whereas Groww is rated 3.7 of 5 based on 25 customer reviews.

	Edelweiss	Groww
	64 Customer Reviews	25 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Edelweiss is rated 3.0 of 5 based on 64 customer reviews	Groww is rated 3.7 of 5 based on 25 customer reviews

Contact Broker / Request A Call Back

	Edelweiss Enquire	Groww Enquire
Contact Broker	Trade @ flat Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes.	Leave your contact information and we will get in touch with you....

Edelweiss Vs Groww Investment Options

	Edelweiss	Groww
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options		Digital Gold, US Stocks, Fixed Deposits

Edelweiss Vs Groww Order Type Offered

	Edelweiss	Groww
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)

Edelweiss Vs Groww Research Report

	Edelweiss	Groww
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Edelweiss Vs Groww Suitable For Investor Type

	Edelweiss	Groww
Casual Investor
Active Investor
Trader

Edelweiss Vs Groww - Pros and Cons

	Edelweiss	Groww
Pros	Full-service broker offering discount brokerage plan. Trade at flat Rs 10 per executed order across all segments in Edelweiss Lite Plan. Instant online account opening: Open your Investing & Trading account in less than 15 minutes. Offer commodity trading on the same trading platform. Free research and trading tips call to all the customers. Online IPO application.	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	The bracket orders are not available. Good Till canceled orders are not available. Higher minimum brokerage: 3 paise per share in delivery, 1 paisa per share on Intraday and Futures Call & Trade is available at an additional cost of Rs 20 per call.	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		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.
Promo / Offers	Trade @ Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening (for limited time only) Flat Rs 10 per trade across all segments. FREE Research and Trading Tips. Margin against share and Margin Funding available. It is a limited-time offer. Open FREE Edelweiss Account online in just 15 Minutes.

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Edelweiss	Groww
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