The side-by-side comparison of IIFL Securities and Groww. Compare IIFL Securities Vs Groww brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best IIFL Securities vs Groww?
IIFL Securities
Incorporated in 1995, IIFL Securities, part of IIFL Group, is one of the largest independent full service stock brokering house serving retail and institutional clients. IIFL Group is a leading financial service provider in India offering a wide range of services. IIFL is a well-recognized brand for the quality of its advice, personalized service and the use of cutting-edge technology.
IIFL Securities offers online trading and research-based advisory services for an entire range of financial pr...
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...
Incorporated in 1996, IIFL Securities is a Full Service Broker. It offers trading at NSE, BSE, MCX. It has 900 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.
IIFL Securities trading account opening charges is Rs 250 (Currently waived off) while Groww account opening changes is Rs 0. IIFL Securities Demat Account AMC Charges is Rs 250 (Free for first year) and Groww Demat Account AMC Charges is Rs 0.
IIFL Securities | Groww | |
---|---|---|
Trading Account Opening Charges | Rs 250 (Currently waived off) | Rs 0 |
Trading Account AMC Charges | Rs 0 | Rs 0 |
Demat Account Opening Charges | Rs 0 | Rs 0 |
Demat Account AMC Charges | Rs 250 (Free for first year) | Rs 0 |
IIFL Securities brokerage charges for equity is 0.25% and intraday is 0.025% 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.
IIFL Securities | Groww | |
---|---|---|
Account Type | Investor Plan (Online Plus) | Standard Plan |
Fixed Charges | NA | NA |
Equity Delivery Brokerage | 0.25% | Rs 20 per executed order or 0.05% whichever is lower |
Equity Intraday Brokerage | 0.025% | Rs 20 per executed order or 0.05% whichever is lower |
Equity Futures Brokerage | 0.025% | NA |
Equity Options Brokerage | Rs 25 per lot | NA |
Currency Futures Trading Brokerage | 0.025% or Rs 20 per lot | NA |
Currency Options Trading Brokerage | Rs 8 per lot | NA |
Commodity Futures Trading Brokerage | 0.025% | NA |
Commodity Options Trading Brokerage | Gold Rs 125 | Silver Rs 80 | Crude Oil Rs 80 | NA |
Special Offer | Special Offer: Open a FREE Demat & Trading Account (Save upto Rs 1150). Get the exclusive offer |
IIFL Securities | Groww | |
---|---|---|
Account Type | Premium Plan (Dedicated RM) | Standard Plan |
Fixed Charges | NA | NA |
Equity Delivery Brokerage | 0.50% | Rs 20 per executed order or 0.05% whichever is lower |
Equity Intraday Brokerage | 0.05% | Rs 20 per executed order or 0.05% whichever is lower |
Equity Futures Brokerage | 0.05% | NA |
Equity Options Brokerage | Rs 50 per lot | NA |
Currency Futures Trading Brokerage | 0.05% or Rs 20 per lot | NA |
Currency Options Trading Brokerage | Rs 10 per lot | NA |
Commodity Futures Trading Brokerage | 0.05% | NA |
Commodity Options Trading Brokerage | Gold Rs 150 | Silver Rs 100 | Crude Oil Rs 100 | NA |
IIFL Securities | Groww | |
---|---|---|
Account Type | Super Trader Plan (Pro Traders) | Standard Plan |
Fixed Charges | Rs 999 | NA |
Equity Delivery Brokerage | 0.10% | Rs 20 per executed order or 0.05% whichever is lower |
Equity Intraday Brokerage | 0.01% | Rs 20 per executed order or 0.05% whichever is lower |
Equity Futures Brokerage | 0.01% | NA |
Equity Options Brokerage | flat Rs 10 per lot | NA |
Currency Futures Trading Brokerage | 0.015% or Rs 15 per lot | NA |
Currency Options Trading Brokerage | flat Rs 5 per lot | NA |
Commodity Futures Trading Brokerage | 0.015% | NA |
Commodity Options Trading Brokerage | Gold Rs 80 | Silver Rs 50 | Crude Oil Rs 50 | NA |
Minimum Brokerage Charges | Rs 0.05 per share (Rs 25 Min) | Rs 20 or 0.05% per executed order |
Other Brokerage Charges | Advisory SMS - Rs 50 per month | Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50 |
Call & Trade Charges | Rs 50 per call | NA |
IIFL Securities transaction charges for options is Rs 5100 per Cr (0.051%) (on premium) while Groww exchange transaction charges for options is NA.
IIFL Securities | Groww | |
---|---|---|
Equity Delivery | Rs 325 per Cr (0.00325%) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side) |
Equity Intraday | Rs 325 per Cr (0.00325%) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side) |
Equity Futures | Rs 210 per Cr (0.0021%) | NA |
Equity Options | Rs 5100 per Cr (0.051%) (on premium) | NA |
Currency Futures | Rs 210 per Cr (0.0021%) | NA |
Currency Options | Rs 5100 per Cr (0.051%) (on premium) | NA |
Commodity | Group A - Rs 280 per Cr (0.0028%) | NA |
IIFL Securities provides the margin of Upto 20x for intraday trades whereas the Groww margin for intraday cash is Up to 8x (based on the stock).
IIFL Securities | Groww | |
---|---|---|
Equity Delivery | Upto 3x (18% Annual Interest) | 1x (no margin) |
Equity Intraday | Upto 20x | Up to 8x (based on the stock) |
Equity Futures | Upto 3x | NA |
Equity Options | 3x for shorting | NA |
Currency Futures | Upto 2x | NA |
Currency Options | 2x for shorting | NA |
Commodity Futures | Upto 3x | NA |
Commodity Options | Upto 3x | NA |
The trading platforms offered IIFL Securities include IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App. Groww offers Groww trading software.
IIFL Securities | Groww | |
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3 in 1 Account | ![]() |
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Charting | ![]() |
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Automated Trading | ![]() |
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SMS Alerts | ![]() |
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Online Demo | ![]() |
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Online Portfolio | ![]() |
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Margin Trading Funding Available | ![]() |
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Margin Against Shares (Equity Cash) | ![]() |
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Margin Against Shares (Equity F&O) | ![]() |
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Trading Platform | IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App | Groww |
Intraday Square-off Time | 3:10 PM | |
Other Features | ||
Referral Program |
IIFL Securities is rated 2.7 of 5 based on 112 customer reviews whereas Groww is rated 3.9 of 5 based on 9 customer reviews.
IIFL Securities | Groww | |
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Cons |
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Reviews | ||
Promo / Offers | Open IIFL Demat & Trading Account & Save upto Rs 1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer |
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