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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...

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...

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

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

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

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

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)

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
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	INFINI, NSE NOW	Groww
Intraday Square-off Time		3:10 PM
Other Features
Referral Program

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	25 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
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

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

Tradeplus Vs Groww Investment Options

	Tradeplus	Groww
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options		Digital Gold, US Stocks, Fixed Deposits

Tradeplus Vs Groww Order Type Offered

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

Tradeplus Vs Groww Research Report

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

Tradeplus Vs Groww Suitable For Investor Type

	Tradeplus	Groww
Casual Investor
Active Investor
Trader

Tradeplus Vs Groww - Pros and Cons

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