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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 | Groww | |
|---|---|---|
| Type of Broker | Full Service Broker | Discount Broker |
| Exchnage Membership | NSE, BSE, MCX | NSE and BSE |
| Account Type | iServe | Standard Plan |
| Year of Incorporation | 1996 | 2016 |
| Number of Branches | 900 | 0 |
IIFL Securities trading account opening charges is Rs 0 (Free) 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 0 (Free) | 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 Rs 0 (Free) 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.
| IIFL Securities | Groww | |
|---|---|---|
| Account Type | iServe | Standard Plan |
| Fixed Charges | NA | NA |
| Equity Delivery | Rs 0 (Free) | 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 20 per order | 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: Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.
|
| Minimum Brokerage | Rs 20 or 0.05% per executed order | |
| Other 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 | |
|---|---|---|
| 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 | |
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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 113 customer reviews whereas Groww is rated 3.7 of 5 based on 19 customer reviews.
| IIFL Securities | Groww | |
|---|---|---|
113 Customer Reviews  |
19 Customer Reviews |
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| Research Capabilities |  |
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| Overall Ratings | |
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| Broker Rating | IIFL Securities is rated 2.7 of 5 based on 113 customer reviews | Groww is rated 3.7 of 5 based on 19 customer reviews |
| IIFL Securities Enquire | Groww Enquire | |
|---|---|---|
| Contact Broker |
Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today. |
Leave your contact information and we will get in touch with you.... |
| IIFL Securities | Groww | |
|---|---|---|
| Stock / Equity | |
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| Commodity | |
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| Currency | |
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| IPO | |
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| Mutual Funds | |
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| Bond / NCD | |
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| Debt | |
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| Other Investment Options | Insurance | Digital Gold, US Stocks, Fixed Deposits |
| IIFL Securities | Groww | |
|---|---|---|
| Bracket Order | |
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| Cover Order | |
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| Buy Today Sell Tomorrow (BTST) | |
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| Sell Today Buy Tomorrow (STBT) | |
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| After Market Order(AMO) | |
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| Good Till Cancelled (GTC) | |
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| IIFL Securities | Groww | |
|---|---|---|
| Daily Market Report | |
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| Free Tips | |
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| Quarterly Result Analysis | |
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| News Alerts | |
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| IIFL Securities | Groww | |
|---|---|---|
| Casual Investor | |
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| Active Investor | |
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| Trader | |
| IIFL Securities | Groww | |
|---|---|---|
| Pros |
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| 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 | Free Equity Delivery Trading + Free Account Opening
This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today. |
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