Compare Articles Reports Glossary Complaints

ICICI Direct Vs Groww (Compare ICICI Direct and Groww)

ICICI Direct
ICICI Direct is one of the largest retail stock brokers in India. It is part of the ICICI Group. It offers online trading and investment services to over 50 lakhs customers. The services offered include equity, commodity, and currency trading at BSE, NSE, and MCX. The company also offers Mutual Fund & IPO, Fixed deposits, Bond, NCD, wealth products, Home Loans, Loans against Securities, etc. ICICI Direct's most popular service is its 3-in-1 account, which includes ICICI Bank Account, ICICI ...

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...

ICICI Direct Vs Groww

Incorporated in 2000, ICICI Direct is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

	ICICI Direct	Groww
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE	NSE and BSE
Year of Incorporation	2000	2016
Number of Branches	154	0

ICICI Direct Vs Groww Charges & AMC

ICICI Direct trading account opening charges is Rs 0 (Free) while Groww account opening changes is Rs 0. ICICI Direct Demat Account AMC Charges is Rs 300 (from 2nd year) and Groww Demat Account AMC Charges is Rs 0.

	ICICI Direct	Groww
Trading Account Opening Charges	Rs 0 (Free)	Rs 0
Trading Account AMC Charges	Rs 0 (Free)	Rs 0
Demat Account Opening Charges	Rs 0 (Free)	Rs 0
Demat Account AMC Charges	Rs 300 (from 2nd year)	Rs 0

ICICI Direct Vs Groww Brokerage Charges & Plans

ICICI Direct Vs Groww Brokerage

ICICI Direct brokerage charges for equity is 0.55% and intraday is Rs 20 per 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.

	ICICI Direct	Groww
Account Type	ICICI Neo Plan	Standard Plan
Fixed Charges	NA	NA
Equity Delivery	0.55%	Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday	Rs 20 per order	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures	Rs 0 (Free)	NA
Equity Options	Rs 20 per order	NA
Currency Futures	Rs 20 per order	NA
Currency Options	Rs 20 per order	NA
Commodity Futures	Rs 20 per order	NA
Commodity Options	Rs 20 per order	NA
Special Offer	Special Offer: ICICIDirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now

ICICI Direct Vs Groww Brokerage Plan 2

	ICICI Direct	Groww
Account Type	I-Secure Plan	Standard Plan
Fixed Charges	NA	NA
Equity Delivery	0.55%	Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday	0.275%	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures	0.05%	NA
Equity Options	Rs 95 per lot	NA
Currency Futures	Rs 20 per order	NA
Currency Options	Rs 20 per order	NA
Commodity Futures	Rs 20 per order	NA
Commodity Options	Rs 20 per order	NA

ICICI Direct Charges Vs Groww

Minimum Brokerage	Rs 35 per trade (I-Secure Plan)	Rs 20 or 0.05% per executed order
Other Charges	Margin Trading Interest: 0.025% Per day	Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50
Call & Trade Charges	Rs 50 per trade	NA

ICICI Direct Vs Groww Transaction Charges

ICICI Direct transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while Groww exchange transaction charges for options is NA.

	ICICI Direct	Groww
Equity Delivery	NSE Rs 310 per Cr (0.0031%) \| BSE Rs 280 per Cr (0.0028%) (each side)	NSE Rs 325 per Cr (0.00325%) \| BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday	NSE Rs 310 per Cr (0.0031%) \| BSE Rs 280 per Cr (0.0028%) (each side)	NSE Rs 325 per Cr (0.00325%) \| BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures	Rs 180 per Cr (0.0018%)	NA
Equity Options	Rs 5000 per Cr (0.05%) (on premium)	NA
Currency Futures	Rs 120 per Cr (0.0012%)	NA
Currency Options	Rs 5000 per Cr (0.05%) (on premium)	NA
Commodity	Group A - Rs 260 per Cr (0.0026%)	NA

ICICI Direct Vs Groww Leverage (Margin)

ICICI Direct 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.

	ICICI Direct	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 ICICI Direct and Groww Features

The trading platforms offered ICICI Direct include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Groww offers Groww trading software.

	ICICI Direct	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	ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App	Groww
Intraday Square-off Time	3:30 PM	3:10 PM
Other Features	Bullet Trading, Can trade in 32 exchanges through Saxo Trader
Referral Program

ICICI Direct Vs Groww Review

ICICI Direct is rated 2.4 of 5 based on 449 customer reviews whereas Groww is rated 3.8 of 5 based on 33 customer reviews.

	ICICI Direct	Groww
	449 Customer Reviews	33 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICI Direct is rated 2.4 of 5 based on 449 customer reviews	Groww is rated 3.8 of 5 based on 33 customer reviews

Contact Broker / Request A Call Back

	ICICI Direct Enquire	Groww Enquire
Contact Broker	ICICIDirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now	Leave your contact information and we will get in touch with you....

ICICI Direct Vs Groww Investment Options

	ICICI Direct	Groww
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS	Digital Gold, US Stocks, Fixed Deposits

ICICI Direct Vs Groww Order Type Offered

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

ICICI Direct Vs Groww Research Report

	ICICI Direct	Groww
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

ICICI Direct Vs Groww Suitable For Investor Type

	ICICI Direct	Groww
Casual Investor
Active Investor
Trader

ICICI Direct Vs Groww - Pros and Cons

	ICICI Direct	Groww
Pros	Offers 3-in-1 account which makes stock market investment very easy for casual investors. Wide range of investment options available under one portal. Provides a low bandwidth website which works well where internet connection is slow. GTC (good till cancellation) and off-market hours order placement facility is very useful.	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	ICICI Security charges highest brokerage in comparison to most of the retail brokers in India. Very high 'minimum brokerage' of Rs 35 per trade or 2.5% of the trade value whichever is lower. Poor performance of website is reported in peak hours of trading. Trading Terminal (Trade Racer) cost Rs 75 per month if brokerage paid in a month is less then Rs 750. Demat Account is mandatory. Call & trade cost extra Rs 50 per trade in Neo/Prime Plans.	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	ICICIDirect Neo Plan (Discount Brokerage) Open a 3-in-1 account with Neo Plan for: Free Account Opening Brokerage-Free Equity Futures trading Flat Rs 20 per trade brokerage (Intraday and F&O) in BSE, NSE and MCX Free trading tips Get funds in your bank account in just 30 minutes of selling stocks Interested in opening a trading account? Open Instant Account Now

Compare More Brokers...

ICICI Direct	Groww
ICICI Direct Vs Zerodha ICICI Direct Vs HDFC Securities ICICI Direct Vs Sharekhan ICICI Direct Vs AxisDirect ICICI Direct Vs Angel Broking ICICI Direct Vs Kotak Securities ICICI Direct Vs Motilal Oswal ICICI Direct Vs Dhani Stocks ICICI Direct Vs Stoxkart ICICI Direct Vs IIFL Securities ICICI Direct Vs SBI Securities ICICI Direct Vs Geojit ICICI Direct Vs Religare ICICI Direct Vs Edelweiss ICICI Direct Vs SMC Global ICICI Direct Vs Nirmal Bang ICICI Direct Vs 5paisa ICICI Direct Vs Ventura ICICI Direct Vs Upstox ICICI Direct Vs Anand Rathi ICICI Direct Vs Master Trust ICICI Direct Vs Indiabulls ICICI Direct Vs Aditya Birla Money ICICI Direct Vs Bonanza ICICI Direct Vs SAMCO ICICI Direct Vs TradingBells ICICI Direct Vs IDBI Capital ICICI Direct Vs TradeSmart ICICI Direct Vs SAS Online ICICI Direct Vs iTradeOnline ICICI Direct Vs RK Global ICICI Direct Vs Tradeplus ICICI Direct Vs Tradejini ICICI Direct Vs Alice Blue ICICI Direct Vs Wisdom Capital ICICI Direct Vs Fyers ICICI Direct Vs Finvasia ICICI Direct Vs Prostocks ICICI Direct Vs RMoney ICICI Direct Vs Beeline ICICI Direct Vs Just Trade ICICI Direct Vs Achiievers ICICI Direct Vs Trustline ICICI Direct Vs Choice Broking ICICI Direct Vs GCL Securities ICICI Direct Vs Yes Securities ICICI Direct Vs Indira Securities ICICI Direct Vs Paytm Money	Groww Vs Zerodha Groww Vs HDFC Securities Groww Vs Sharekhan Groww Vs AxisDirect Groww Vs Angel Broking Groww Vs Kotak Securities Groww Vs Motilal Oswal Groww Vs Dhani Stocks Groww Vs Stoxkart Groww Vs IIFL Securities Groww Vs SBI Securities Groww Vs Geojit Groww Vs Religare Groww Vs Edelweiss Groww Vs SMC Global Groww Vs Nirmal Bang Groww Vs 5paisa Groww Vs Ventura Groww Vs Upstox Groww Vs Anand Rathi Groww Vs Master Trust Groww Vs Indiabulls Groww Vs Aditya Birla Money Groww Vs Bonanza Groww Vs SAMCO Groww Vs TradingBells Groww Vs IDBI Capital Groww Vs TradeSmart Groww Vs SAS Online Groww Vs iTradeOnline Groww Vs RK Global Groww Vs Tradeplus Groww Vs Tradejini Groww Vs Alice Blue Groww Vs Wisdom Capital Groww Vs Fyers Groww Vs Finvasia Groww Vs Prostocks Groww Vs RMoney Groww Vs Beeline Groww Vs Just Trade Groww Vs Achiievers Groww Vs Trustline Groww Vs Choice Broking Groww Vs GCL Securities Groww Vs Yes Securities Groww Vs Indira Securities Groww Vs Paytm Money

Compare More Brokers: