Zerodha Vs Groww (Compare Zerodha and Groww)

Zerodha Vs Groww

Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

	Zerodha	Groww
Type of Broker	Discount Broker	Discount Broker
Supported Exchnages	NSE, BSE, MCX and NCDEX	NSE and BSE
Account Type	Flat Brokerage Plan	Standard Plan
Year of Incorporation	2010	2016
Number of Branches	22	0
Broker Enquiry

Zerodha Vs Groww Charges & AMC

Zerodha trading account opening charges is Rs 200 while Groww account opening changes is Rs 0. Zerodha Demat Account AMC Charges is Rs 300 and Groww Demat Account AMC Charges is Rs 0.

	Zerodha	Groww
Trading Account Opening Charges	Rs 200	Rs 0
Trading Account AMC Charges	Rs 0 (Free)	Rs 0
Demat Account Opening Charges	Rs 0	Rs 0
Demat Account AMC Charges	Rs 300	Rs 0

Zerodha Vs Groww Brokerage

Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% 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.

	Zerodha	Groww
Account Type	Flat Brokerage Plan	Standard Plan
Fixed Charges		NA
Equity Delivery Brokerage	Rs 0 (Free)	Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Brokerage	Rs 20 per executed order or .03% whichever is lower	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage	Rs 20 per executed order or .03% whichever is lower	NA
Equity Options Brokerage	Rs 20 per executed order	NA
Currency Futures Trading Brokerage	Rs 20 per executed order or .03% whichever is lower	NA
Currency Options Trading Brokerage	Rs 20 per executed order or .03% whichever is lower	NA
Commodity Futures Trading Brokerage	Rs 20 per executed order or .03% whichever is lower	NA
Commodity Options Trading Brokerage	Rs 20 per executed order or .03% whichever is lower	NA
Special Offer	Special Offer: Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades. Get the offer

Zerodha Charges Vs Groww

Minimum Brokerage Charges	0.03% in Intraday and F&O	Rs 20 or 0.05% per executed order
Other Brokerage Charges	Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS	Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50
Call & Trade Charges	Rs 50 per executed order	NA

Zerodha Vs Groww Transaction Charges

Zerodha transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium) while Groww exchange transaction charges for options is NA.

	Zerodha	Groww
Equity Delivery	NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)	NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday	NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)	NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures	NSE Rs 190 per Cr (0.0019%)	NA
Equity Options	NSE Rs 5000 per Cr (0.05%) (on premium)	NA
Currency Futures	NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)	NA
Currency Options	NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium)	NA
Commodity	Group A - Rs 260 per Cr (0.0026%)	NA

Zerodha Vs Groww Leverage (Margin)

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

	Zerodha	Groww
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 20x (based on the stock)	Up to 8x (based on the stock)
Equity Futures	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)	NA
Equity Options	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)	NA
Currency Futures	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)	NA
Currency Options	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)	NA
Commodity Futures	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span	NA
Commodity Options		NA

Compare Zerodha and Groww Features

The trading platforms offered Zerodha include Kite Web, Kite Mobile for Android/iOS and Coin. Groww offers Groww trading software.

	Zerodha	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	Kite Web, Kite Mobile for Android/iOS and Coin	Groww
Intraday Square-off Time	Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close	3:10 PM
Other Features	Direct Mutual Funds, APIs for Algo Trading
Referral Program

Zerodha Vs Groww Review

Zerodha is rated 3.7 of 5 based on 411 customer reviews whereas Groww is rated 4.0 of 5 based on 10 customer reviews.

	Zerodha	Groww
	411 Customer Reviews	10 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Zerodha is rated 3.7 of 5 based on 411 customer reviews	Groww is rated 4.0 of 5 based on 10 customer reviews

Zerodha Vs Groww Investment Options

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

Zerodha Vs Groww Order Type Offered

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

Zerodha Vs Groww Research Report

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

Zerodha Vs Groww Suitable For Investor Type

	Zerodha	Groww
Casual Investor
Active Investor
Trader

Zerodha Vs Groww - Pros and Cons

	Zerodha	Groww
Pros	Free equity delivery trades. No brokerage charges for Cash-N-Carry orders. Excellent trading platforms (Kite) available for free. Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX). Brokerage is 0.03% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges. Direct Mutual Fund Investment is available. Over 10 lakha+ active customers and 10% of daily volume at BSE, NSE and MCX. Zerodha Referral Program offers 10% broekrage share to clients you refer. Good Till Triggered (GTT) order are available. These are simillar to GTC orders.
Cons	Doesn't provide stock tips, research reports or recommendations. Call & Trade is charged at extra Rs 50 order. Auto Square off is charged at extra Rs 50 order. Doesn't offer 3-in-1 account. Doesn't offer unlimited trading plans. Doesn't offer AMC Free Demat account.
Reviews
Promo / Offers	Free Equity Delivery Trading Get free equity delivery trading (truly no brokerage) and pay flat Rs 20 brokerage for Intraday and F&O trades. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.