iTradeOnline Vs Groww (Compare iTradeOnline and Groww)

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
Supported Exchnages	BSE, NSE, MCX	NSE and BSE
Account Type	Pay Per Trade	Standard Plan
Year of Incorporation		2016
Number of Branches		0
Broker Enquiry

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

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.

	iTradeOnline	Groww
Account Type	Pay Per Trade	Standard Plan
Fixed Charges	Rs 0	NA
Equity Delivery Brokerage	Rs 20 per executed order or .01% whichever is lower	Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Brokerage	Rs 20 per executed order or .01% whichever is lower	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage	Rs 20 per executed order or .01% whichever is lower	NA
Equity Options Brokerage	Rs 20 per executed order or .01% whichever is lower	NA
Currency Futures Trading Brokerage	Rs 20 per executed order or .01% whichever is lower	NA
Currency Options Trading Brokerage	Rs 20 per executed order or .01% whichever is lower	NA
Commodity Futures Trading Brokerage	Rs 20 per executed order or .01% whichever is lower	NA
Commodity Options Trading Brokerage		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 Charges	Rs 0 (No Minimum Brokerage)	Rs 20 or 0.05% per executed order
Other Brokerage 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

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

iTradeOnline Vs Groww Leverage (Margin)

iTradeOnline provides the margin of Upto 20x (based on the stock) for intraday trades whereas the Groww margin for intraday cash is Up to 8x (based on the stock).

	iTradeOnline	Groww
Equity Delivery	Upto 5x (based on the stock)	1x (no margin)
Equity Intraday	Upto 20x (based on the stock)	Up to 8x (based on the stock)
Equity Futures	Intraday - 25%(4x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)	NA
Equity Options	Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)	NA
Currency Futures	Intraday - 25%(4x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)	NA
Currency Options	Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)	NA
Commodity Futures	Future Intraday - 12.5%(8x), Carry forward - 100%(1x) of Span	NA
Commodity Options	Intraday - 100%(1x), Carry forward - 100%(1x) of Span	NA

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
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	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

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 11 customer reviews.

	iTradeOnline	Groww
	7 Customer Reviews	11 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	iTradeOnline is rated 4.0 of 5 based on 7 customer reviews	Groww is rated 4.0 of 5 based on 11 customer reviews

iTradeOnline Vs Groww Investment Options

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

iTradeOnline Vs Groww Order Type Offered

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

iTradeOnline Vs Groww Research Report

	iTradeOnline	Groww
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

iTradeOnline Vs Groww Suitable For Investor Type

	iTradeOnline	Groww
Casual Investor
Active Investor
Trader

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.
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.
Reviews
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.