IIFL Securities Vs Groww (Compare IIFL Securities and Groww)

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... Know more about IIFL Securities Ltd


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

Expand

IIFL Securities Vs Groww

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 Groww
Type of Broker Full Service Broker Discount Broker
Supported Exchnages NSE, BSE, MCX NSE and BSE
Account Type Investor Plan (Online Plus) Standard Plan
Year of Incorporation 1996 2016
Number of Branches 900 0
Broker Enquiry Open an Online Trading Account with IIFL Securities. Leave your contact info and we will get in touch with you.
Expand

IIFL Securities Vs Groww Charges & AMC

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
Expand

IIFL Securities Vs Groww Brokerage Charges & Plans

IIFL Securities Vs Groww Brokerage

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 Vs Groww Brokerage Plan 2

  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 Vs Groww Brokerage Plan 3

  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

IIFL Securities Charges Vs Groww

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
Expand

IIFL Securities Vs Groww Transaction Charges

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
Expand

IIFL Securities Vs Groww Leverage (Margin)

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
Expand

Compare IIFL Securities and Groww Features

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
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
Margin Against Shares (Equity Cash) Yes No
Margin Against Shares (Equity F&O) No No
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
Expand

IIFL Securities Vs Groww Review

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
  112 Customer Reviews    Rate IIFL Securities 9 Customer Reviews    Rate Groww
Fees 2.9 4.3
Trading Brokerage 2.6 4.3
Trading Platform Usability 3.3 3.7
Customer Service 2.8 3.6
Research Capabilities 3.6 2.2
Overall Ratings Rated 2.7 stars Rated 3.9 stars
Broker Rating IIFL Securities is rated 2.7 of 5 based on 112 customer reviews Groww is rated 3.9 of 5 based on 9 customer reviews
Expand

Contact Broker / Request A Call Back

  IIFL Securities Enquire Groww Enquire
Contact Broker

Open a FREE Demat & Trading Account (Save upto Rs 1150). Get the exclusive offer

Expand

IIFL Securities Vs Groww Investment Options

  IIFL Securities Groww
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes Yes
Other Investment Options Insurance Digital Gold, US Stocks, Fixed Deposits
Expand

IIFL Securities Vs Groww Order Type Offered

  IIFL Securities Groww
Bracket Order Yes No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) Yes No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) Yes No
Expand

IIFL Securities Vs Groww Research Report

  IIFL Securities Groww
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
Expand

IIFL Securities Vs Groww Suitable For Investor Type

  IIFL Securities Groww
Casual Investor Yes
Active Investor
Trader Yes
Expand

IIFL Securities Vs Groww - Pros and Cons

  IIFL Securities Groww
Pros
  1. 4000+ branches in 900+ cities make them your neighborhood broker.
  2. Being a full service broker, they offer wide range of financial products and services.
  3. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
  4. India Infoline Ltd is a publicly traded company listed at BSE and NSE.
Cons
  1. SMS alerts at additional Rs 249 per month
  2. Demat debit charges is 0.05% (Minimum Rs 15 - Maximum Rs 100) per debit transaction. Demat credit charges is NIL.
  3. India Infoline doesn't provide 3-in-1 account.
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

Compare More Brokers...

IIFL Securities Groww
Compare More Brokers:







Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App