ICICI Direct Vs Groww (Compare ICICI Direct and Groww)

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
Supported Exchnages	BSE, NSE	NSE and BSE
Account Type	3-in-1 Account (I-Secure Plan)	Standard Plan
Year of Incorporation	2000	2016
Number of Branches	154	0
Broker Enquiry

ICICI Direct Vs Groww Charges & AMC

ICICI Direct trading account opening charges is Rs 0 while Groww account opening changes is Rs 0. ICICI Direct Demat Account AMC Charges is Rs 700 (from 2nd year) and Groww Demat Account AMC Charges is Rs 0.

	ICICI Direct	Groww
Trading Account Opening Charges	Rs 0	Rs 0
Trading Account AMC Charges	Rs 0	Rs 0
Demat Account Opening Charges	Rs 0	Rs 0
Demat Account AMC Charges	Rs 700 (from 2nd year)	Rs 0

ICICI Direct Vs Groww Brokerage

ICICI Direct brokerage charges for equity is 0.55% and intraday is 0.275% 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	3-in-1 Account (I-Secure Plan)	Standard Plan
Fixed Charges		NA
Equity Delivery Brokerage	0.55%	Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Brokerage	0.275%	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage	0.05% to 0.03%	NA
Equity Options Brokerage	Rs 95 to Rs 35 per lot	NA
Currency Futures Trading Brokerage	0.050% to 0.030%	NA
Currency Options Trading Brokerage	Rs 25 to Rs 10 per lot	NA
Commodity Futures Trading Brokerage	NA	NA
Commodity Options Trading Brokerage	NA	NA
Special Offer	Special Offer: Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Request a Callback.

ICICI Direct Vs Groww Brokerage Plan 2

	ICICI Direct	Groww
Account Type	I-Saver Plan	Standard Plan
Fixed Charges		NA
Equity Delivery Brokerage	0.75% to 0.25%	Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Brokerage	0.75% to 0.25%	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage	0.05% to 0.03%	NA
Equity Options Brokerage	Rs 95 to Rs 65 per lot	NA
Currency Futures Trading Brokerage	0.05% to 0.03%	NA
Currency Options Trading Brokerage	0.25 to Rs 65 per lot	NA
Commodity Futures Trading Brokerage	NA	NA
Commodity Options Trading Brokerage	NA	NA

ICICI Direct Vs Groww Brokerage Plan 3

	ICICI Direct	Groww
Account Type	ICICIdirect Prime Plan	Standard Plan
Fixed Charges	Rs 900	NA
Equity Delivery Brokerage	0.25%	Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Brokerage	0.25%	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage	0.025%	NA
Equity Options Brokerage	Rs 35	NA
Currency Futures Trading Brokerage	Rs 0	NA
Currency Options Trading Brokerage	Rs 0	NA
Commodity Futures Trading Brokerage	NA	NA
Commodity Options Trading Brokerage	NA	NA

ICICI Direct Charges Vs Groww

Minimum Brokerage Charges	Rs 35 per trade	Rs 20 or 0.05% per executed order
Other Brokerage Charges		Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50
Call & Trade Charges	Rs 25 per call after first 20 free calls per month	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	NA	NA

ICICI Direct Vs Groww Leverage (Margin)

ICICI Direct provides the margin of Upto 25x for intraday trades whereas the Groww margin for intraday cash is Up to 8x (based on the stock).

	ICICI Direct	Groww
Equity Delivery	5x with Interest	1x (no margin)
Equity Intraday	Upto 25x	Up to 8x (based on the stock)
Equity Futures	4x	NA
Equity Options	2x for shorting	NA
Currency Futures	NA	NA
Currency Options	NA	NA
Commodity Futures	NA	NA
Commodity Options		NA

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 Available
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 433 customer reviews whereas Groww is rated 3.9 of 5 based on 9 customer reviews.

	ICICI Direct	Groww
	433 Customer Reviews	9 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICI Direct is rated 2.4 of 5 based on 433 customer reviews	Groww is rated 3.9 of 5 based on 9 customer reviews

ICICI Direct Vs Groww Investment Options

	ICICI Direct	Groww
Stock / Equity
Commodity
Currency
Initial Public Offers (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.
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. Commodity trading is not available for retail investors. Call & trade cost extra Rs 25 per call after first 20 free calls in a month.
Reviews
Promo / Offers	ICICI 3-in-1 Account ICICI Direct offers a 3-in-1 account, a combination of saving bank, trading and demat account. It offers one-click investment in Equity, Derivatives, Mutual Funds, IPO, ETF, Life Insurance, General Insurance, Currency, and Fixed Deposits. Interested in opening a trading account? Request Callback from a stock broker.