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iTradeOnline Vs Groww (Compare iTradeOnline and Groww)

iTradeOnline by Trustline Logo

About iTradeOnline
iTradeOnline is an online trading platform of Trustline Securities, a popular full-service broker. iTradeOnline offers online discount brokerage services at an ultra-low brokerage fee of Rs 20 per executed order or 0.01% whichever is lower. The same low price is available across segments at BSE, NSE, and MCX. Unlike most discount brokers, iTradeOnline offers intraday leverage of up to 20x in equity, 2x in NSE F&O, 2x in NSE Currency and 8x in MCX futures. The cover orders (CO) are available... Know more about iTradeOnline by Trustline

Nextbillion Technology pvt ltd Logo

About 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

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iTradeOnline Vs Groww

Incorporated in , iTradeOnline is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

  iTradeOnline Groww
Type of Broker Discount Broker Discount Broker
Exchnage Membership BSE, NSE, MCX NSE and BSE
Year of Incorporation 2016
Number of Branches 0
Enquire iTradeOnlineEnquire Groww

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iTradeOnline Vs Groww Charges & AMC

iTradeOnline trading account opening charges is Rs 0 (Free) while Groww account opening changes is Rs 0. iTradeOnline Demat Account AMC Charges is Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0 and Groww Demat Account AMC Charges is Rs 0.

  iTradeOnline Groww
Trading Account Opening Charges Rs 0 (Free) Rs 0
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Regular: Rs 0, Lifetime Free AMC: Rs 1000 Rs 0
Demat Account AMC Charges Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0 Rs 0

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iTradeOnline Vs Groww Brokerage

iTradeOnline brokerage charges for equity is Rs 20 per executed order or .01% whichever is lower and intraday is Rs 20 per executed order or .01% whichever is lower 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.

Account Type iTradeOnline Pay Per Trade Groww Standard Plan
Fixed Charges Rs 0 NA
Equity Delivery Rs 20 per executed order or .01% whichever is lower Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Rs 20 per executed order or .01% whichever is lower Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 20 per executed order or .01% whichever is lower NA
Equity Options Rs 20 per executed order or .01% whichever is lower NA
Currency Futures Rs 20 per executed order or .01% whichever is lower NA
Currency Options Rs 20 per executed order or .01% whichever is lower NA
Commodity Futures Rs 20 per executed order or .01% whichever is lower NA
Commodity Options NA
Special Offer
Special Offer: Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

iTradeOnline Charges Vs Groww

Minimum Brokerage Rs 0 (No Minimum Brokerage) Rs 20 or 0.05% per executed order
Other Charges Physical contact notes: Rs 20 Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50
Call & Trade Charges Rs 0 (Free) NA

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iTradeOnline Vs Groww Transaction Charges

iTradeOnline transaction charges for options is NSE Rs 5000 per crore (0.05%) while Groww exchange transaction charges for options is NA.

  iTradeOnline Groww
Equity Delivery NSE Rs 325 per crore | BSE Rs 1.5/trade (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 325 per crore | BSE Rs 1.5/trade (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE Rs 190 per crore (0.0019%) NA
Equity Options NSE Rs 5000 per crore (0.05%) NA
Currency Futures NSE Rs 90/cr (0.0009%) | BSE Rs 18/cr (0.00018%) NA
Currency Options NSE Rs 4000 (on premium) per cr (0.04%) | BSE Rs 1500 NA
Commodity MCX Rs 260/Cr (0.0026%) | NCDEX Rs 600/cr (0.006%) NA
Enquire iTradeOnlineEnquire Groww

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iTradeOnline Vs Groww Leverage (Margin)

iTradeOnline margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Groww margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  iTradeOnline Groww
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
Enquire iTradeOnlineEnquire Groww

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Compare iTradeOnline and Groww Features

The trading platforms offered iTradeOnline include Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.. Groww offers Groww trading software.

  iTradeOnline 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 Yes No
Margin Against Shares (Equity Cash) No
Margin Against Shares (Equity F&O) No
Trading Platform Omnesys NEST is used as back-end. Front-end is built in-house by Trustline. Groww
Intraday Square-off Time Equity: 3:15 PM, Commodity: 11:15 PM 3:10 PM
Other Features
Referral Program
Enquire iTradeOnlineEnquire Groww

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iTradeOnline Vs Groww Review

iTradeOnline is rated 4.0 of 5 based on 7 customer reviews whereas Groww is rated 4.0 of 5 based on 46 customer reviews.

  iTradeOnline Groww
  7 Customer Reviews    Rate iTradeOnline 46 Customer Reviews    Rate Groww
Fees 3.9 4.2
Brokerage 4.1 4.0
Trading Platform 3.9 3.9
Customer Service 3.7 3.6
Research Capabilities 1.0 3.0
Overall Ratings Rated 4.0 stars Rated 4.0 stars
Broker Rating iTradeOnline is rated 4.0 of 5 based on 7 customer reviews Groww is rated 4.0 of 5 based on 46 customer reviews

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Contact Broker / Request A Call Back

  iTradeOnline Enquire Groww Enquire
Contact Broker Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback
Leave your contact information and we will get in touch with you....

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iTradeOnline Vs Groww Investment Options

  iTradeOnline Groww
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
IPO No Yes
Mutual Funds No Yes
Bond / NCD No No
Debt Yes Yes
Other Investment Options Insurance, Wealth Management Digital Gold, US Stocks, Fixed Deposits

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iTradeOnline Vs Groww Order Type Offered

  iTradeOnline Groww
Bracket Order No
Cover Order No
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) No
Good Till Cancelled (GTC) No
Enquire iTradeOnlineEnquire Groww

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iTradeOnline Vs Groww Research Report

  iTradeOnline Groww
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No

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iTradeOnline Vs Groww Suitable For Investor Type

  iTradeOnline Groww
Casual Investor Yes
Active Investor Yes
Trader Yes

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iTradeOnline Vs Groww - Pros and Cons

  iTradeOnline Groww
Pros
  • Paperless account opening is available with eKYC and Aadhar integration
  • All trading softwares including trading terminal are available for free.
  • Uses trading platform of Omnesys which is industry leading trading software provider.
  • Margin Against Share is available
  • Research based fundamental and technical analysis available to all the customers.
  • Short selling is available in NSE Cash segment only.
  • After Hours Orders and Good Till Cancelled (GTC) orders are available.
  • SMS Trade Alerts are available for free to all customers.
  • Call & Trade is free for all customers.
  • Simple pricing model with low-cost trading charges.
  • Free Mutual Fund investments with no hidden charges.
  • Zero Account opening fee.
  • Zero Maintenance Charges.
  • Direct MF platform that helps you earn an extra 1.5% returns.
  • E-books, Resources, and Blogs that provide the basics and updates on the stock market to help investors make an informed decision.
  • Instant paperless account opening.
  • Online IPO application.
  • Inhouse Brokerage Calculator
  • Option to invest online in digital gold and US Stocks. Other products (Derivatives, FD) in the pipeline. 
Cons
  • Separate account needed for Mutual Funds investment.
  • For iTradeOnline customers, the customer service is not available through 400+ Trustline branches.
  • Doesn't offer bracket orders.
  • Online IPO, NCD, Corporate Bond investment is not available.
  • Trading API's are now available.
  • Opening demat account along with the trading account is mandatory.
  • No extra charge for intraday or expiry positions closed by the broker.
  • Limited investment products with no option to currently trade in derivatives (futures & options), commodity, and currency segment.
  • No Call and Trade services.
  • Branch support not available.
  • Do not provide stock tips, research reports, or recommendations.
  • No Margin trading facility.
  • No Margin against shares.
  • Advanced order types like BO, CO, AMO, and GTT not available.
  • Trailling stop loss orders are not available in Groww app.
  • Do not offer NRI Trading.
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

Lifetime FREE AMC Demat Account - 50% Off

Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save Rs 500 on account opening.

This is a limited time offer. Simply leave your contact information with us and iTradeOnline representatives will contact you.

Enquire iTradeOnlineEnquire Groww

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