Tradeplus Vs Groww (Compare Tradeplus and Groww)


Tradeplus
Tradeplus is an online stock broker (hybrid of traditional and discount broker) offering trading & investment at BSE, NSE and MCX. Tradeplus is famous for its unlimited zero brokerage trading plans which offer infinite trading at a fixed monthly fee in few segments. The unlimited trading plans are available in Commodities, Equity&Options and Currency Derivatives segments. Tradeplus also offer demat account services at a low AMC charge of Rs 90 per year. Tradeplus also offer Online Mutual... Know more about Tradeplus (Navia Markets Ltd)


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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Tradeplus Vs Groww

Incorporated in 1995, Tradeplus 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.

  Tradeplus Groww
Type of Broker Discount Broker Discount Broker
Exchnage Membership BSE, NSE, MCX NSE and BSE
Year of Incorporation 1995 2016
Number of Branches 0
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Tradeplus Vs Groww Charges & AMC

Tradeplus trading account opening charges is Rs 0 while Groww account opening changes is Rs 0. Tradeplus Demat Account AMC Charges is Rs 0 and Groww Demat Account AMC Charges is Rs 0.

  Tradeplus Groww
Trading Account Opening Charges Rs 0 Rs 0
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 0 Rs 0
Demat Account AMC Charges Rs 0 Rs 0
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Tradeplus Vs Groww Brokerage Charges & Plans

Tradeplus Vs Groww Brokerage

Tradeplus brokerage charges for equity is Rs 0 (Free) and intraday is NA 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.

  Tradeplus Groww
Account Type Flat Zero brokerage Scheme Standard Plan
Fixed Charges As per segment NA
Equity Delivery Rs 0 (Free) Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday NA Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 799 per month (unlimited trading) NA
Equity Options Rs 99 per month (unlimited trading) NA
Currency Futures Rs 99 per month (unlimited trading) NA
Currency Options Rs 99 per month (unlimited trading) NA
Commodity Futures Rs 99 per month (unlimited trading) NA
Commodity Options Rs 99 per month (unlimited trading) NA
Special Offer
Special Offer: Brokerage Free equity delivery trading (truly no commission) and Flat Rs 9 intranet and F&O trade brokerage. Get the offer

Tradeplus Vs Groww Brokerage Plan 2

  Tradeplus Groww
Account Type Flexi Brokerage Plan Standard Plan
Fixed Charges NA NA
Equity Delivery Rs 0 (Free) Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Lower of - Rs 9 per trade or 0.01% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 9 per executed order NA
Equity Options Rs 9 per executed order NA
Currency Futures Rs 9 per executed order NA
Currency Options Rs 9 per executed order NA
Commodity Futures Rs 9 per executed order NA
Commodity Options Rs 9 per executed order NA

Tradeplus Charges Vs Groww

Minimum Brokerage Rs 20 or 0.05% per executed order
Other Charges SMS Charges: Rs 100 per segment. Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50
Call & Trade Charges Flat Rs 75 per day NA
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Tradeplus Vs Groww Transaction Charges

Tradeplus transaction charges for options is Rs 7800 per crore (0.078%)(on premium) while Groww exchange transaction charges for options is NA.

  Tradeplus Groww
Equity Delivery Rs 345 per crore (0.00345%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday Rs 345 per crore (0.00345%) (sale side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures Rs 360 per crore (0.0036%) NA
Equity Options Rs 7800 per crore (0.078%)(on premium) NA
Currency Futures Rs 140 per crore (0.0014%) NA
Currency Options Rs 6000 (on premium) per crore (0.06%) NA
Commodity Rs 500 (0.005%) NA
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Tradeplus Vs Groww Leverage (Margin)

Tradeplus 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.

  Tradeplus 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)
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Compare Tradeplus and Groww Features

The trading platforms offered Tradeplus include INFINI, NSE NOW. Groww offers Groww trading software.

  Tradeplus 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) Yes No
Margin Against Shares (Equity F&O) No
Trading Platform INFINI, NSE NOW Groww
Intraday Square-off Time 3:10 PM
Other Features
Referral Program
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Tradeplus Vs Groww Review

Tradeplus is rated 3.0 of 5 based on 35 customer reviews whereas Groww is rated 3.7 of 5 based on 25 customer reviews.

  Tradeplus Groww
  35 Customer Reviews    Rate Tradeplus 25 Customer Reviews    Rate Groww
Fees 3.6 4.2
Brokerage 4.1 3.9
Trading Platform 2.8 3.7
Customer Service 2.7 3.4
Research Capabilities 2.0 2.6
Overall Ratings Rated 3.0 stars Rated 3.7 stars
Broker Rating Tradeplus is rated 3.0 of 5 based on 35 customer reviews Groww is rated 3.7 of 5 based on 25 customer reviews
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Contact Broker / Request A Call Back

  Tradeplus Enquire Groww Enquire
Contact Broker Brokerage Free equity delivery trading (truly no commission) and Flat Rs 9 intranet and F&O trade brokerage. Get the offer
Leave your contact information and we will get in touch with you....
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Tradeplus Vs Groww Investment Options

  Tradeplus Groww
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes Yes
Other Investment Options Digital Gold, US Stocks, Fixed Deposits
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Tradeplus Vs Groww Order Type Offered

  Tradeplus Groww
Bracket Order Yes No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) No No
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Tradeplus Vs Groww Research Report

  Tradeplus Groww
Daily Market Report No No
Free Tips No No
Quarterly Result Analysis No No
News Alerts No No
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Tradeplus Vs Groww Suitable For Investor Type

  Tradeplus Groww
Casual Investor Yes
Active Investor Yes
Trader Yes
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Tradeplus Vs Groww - Pros and Cons

  Tradeplus Groww
Pros
  1. Unlimited monthly trading plans available for frequent traders.
  2. Free equity delivery trading. No brokerage charged for trading in equity delivery (cash & carry) segment.
  3. Low demat AMC or Rs 90 per month.
  4. Analysis tools available for intraday trading.
  • 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
  1. Customer has to pay software charges.
  2. High call & trade charges. Rs 1000 per month.
  3. Lower margin.
  • 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

Free Equity Delivery Trade + Flat Rs 9 intranet and F&O trade

Get free equity delivery trading (zero brokerage) and pay flat Rs 9 intranet and F&O trade brokerage. To open an account with Tradeplus, simply leave your contact information and Tradeplus representatives will call you.

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