IIFL Securities Vs Groww (Compare IIFL Securities and Groww)

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

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

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

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

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

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
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	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 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	9 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
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

IIFL Securities Vs Groww Investment Options

	IIFL Securities	Groww
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance	Digital Gold, US Stocks, Fixed Deposits

IIFL Securities Vs Groww Order Type Offered

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

IIFL Securities Vs Groww Research Report

	IIFL Securities	Groww
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

IIFL Securities Vs Groww Suitable For Investor Type

	IIFL Securities	Groww
Casual Investor
Active Investor
Trader

IIFL Securities Vs Groww - Pros and Cons

	IIFL Securities	Groww
Pros	4000+ branches in 900+ cities make them your neighborhood broker. Being a full service broker, they offer wide range of financial products and services. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund. India Infoline Ltd is a publicly traded company listed at BSE and NSE.
Cons	SMS alerts at additional Rs 249 per month Demat debit charges is 0.05% (Minimum Rs 15 - Maximum Rs 100) per debit transaction. Demat credit charges is NIL. 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