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iTradeOnline Vs Groww (Compare iTradeOnline and Groww)

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...

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...

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

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 Charges & Plans

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	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

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 margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Groww margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	iTradeOnline	Groww
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)

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
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 3.7 of 5 based on 31 customer reviews.

	iTradeOnline	Groww
	7 Customer Reviews	31 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	iTradeOnline is rated 4.0 of 5 based on 7 customer reviews	Groww is rated 3.7 of 5 based on 31 customer reviews

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 Name Phone # Email City Name State Are you a day trader?	Leave your contact information and we will get in touch with you....

iTradeOnline Vs Groww Investment Options

	iTradeOnline	Groww
Stock / Equity
Commodity
Currency
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.	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.

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iTradeOnline	Groww
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