Compare stock brokers
Edelweiss vs. Groww
All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.
Among the best stockbrokers in India, two top names are Edelweiss and Groww. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Edelweiss and Groww.
Overview
Edelweiss is public company and Groww is private company. Edelweiss operates as a full service Broker, while Groww functions as a discount broker. Rashesh Shah co-founded Edelweiss in 2008. And Groww was founded in the year 2016 by Lalit Keshre. Edelweiss's headquarters are in Mumbai, India and Groww's headquarters are in Bangalore, India.
Edelweiss operates as a full service Broker, while Groww functions as a discount broker. Edelweiss is registered in BSE, NSE, MCX, NCDEX, while Groww is registered in NSE and BSE. The total branches of Edelweiss are 237 and the Groww branches are 0.
| Overview | Edelweiss | Groww |
|---|---|---|
| Broker Type | Full Service Broker | Discount Broker |
| Type of company | Public | Private |
| Headquarter | Mumbai, India | Bangalore, India |
| Founders | Rashesh Shah | Lalit Keshre |
| Foundation Year | 2008 | 2016 |
| Supported Exchanges | BSE, NSE, MCX, NCDEX | NSE and BSE |
| Total branches | 237 | 0 |
Edelweiss and Groww Trading Account Opening and Demat Charges
A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).
Account opening fees for various brokers range from 0 to Rs.200, with Edelweiss charging Rs.750 and Groww charging Free.
When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the Edelweiss Demat account is Free or Rs.300 per Annum and for the Groww Demat account is Rs.300 per Annum. The Trading AMC for Edelweiss and Groww is free. And the margin money for both brokers is also zero.
As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both Edelweiss and Groww is CDSL.
| Account Opening and Demat Charges | Edelweiss | Groww |
|---|---|---|
| Trading Account Opening Charges | Rs.750 | Free |
| Demat AMC (Annual Maintenance Charges) | Free or Rs.300 per Annum | Rs.300 per Annum |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Minimum Rs.25,000 | Zero |
| Offline to Online Charges | Not applicable | Yes |
| Depository | NSDL & CDSL | CDSL |
Edelweiss and Groww Equity Brokerage Charges
There are more charges that a broker charges for equity transactions.
Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for Edelweiss is 0.55%, while Groww charges you ZERO.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Edelweiss is 0.04% and for Groww also, it is Rs.20 per Order.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Edelweiss charge 0.04% and Groww charge Rs.20 per Order for equity futures.
Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, Edelweiss charges Rs.120 per lot, and Groww charges Rs.20 per Order.
| Equity Brokerage Charges | Edelweiss | Groww |
|---|---|---|
| Equity Delivery Brokerage | 0.55% | ZERO |
| Equity Intraday Brokerage | 0.04% | Rs.20 per Order |
| Equity Futures Brokerage | 0.04% | Rs.20 per Order |
| Equity Options Brokerage | Rs.120 per lot | Rs.20 per Order |
Edelweiss and Groww Currency Brokerage Charges
Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.
Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for Edelweiss is 0.035% and for Groww is Rs.20 per Order.
Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. Edelweiss charges Rs.30 per lot for currency options, whereas Edelweiss charges Rs.20 per Order.
| Currency Brokerage Charges | Edelweiss | Groww |
|---|---|---|
| Currency Futures Brokerage | 0.035% | Rs.20 per Order |
| Currency Options Brokerage | Rs.30 per lot | Rs.20 per Order |
Edelweiss and Groww Commodity Brokerage Charges
Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. Edelweiss charges NA for commodity trading, while Groww charges NA.
| Commodity Brokerage Charges | Edelweiss | Groww |
|---|---|---|
| Commodity Options Brokerage | NA | NA |
Edelweiss and Groww Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Edelweiss levies a minimum brokerage fee of Percentage of Transaction, while Groww charges Zero brokerage fee.
Transaction Brokerage Charges: Edelweiss levies a transaction brokerage charge of 0.00275% of Total Turnover, while Groww charges 0.00325% of Total Turnover.
SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for Edelweiss is 0.0002% of Total Turnover and for Edelweiss is 0.00005% of Total Turnover.
Stamp Duty Charges: This fee is charged as per the state and asset class.
GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)
STT (Securities Transaction Tax): The STT charges for Edelweiss are 0.0126% of Total Turnover, while for Groww, they are 0.025% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Edelweiss charges Rs 20 per call and Groww charges NA.
| Other Brokerage Charges | Edelweiss | Groww |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Zero | Transaction Brokerage Charges | 0.00275% of Total Turnover | 0.00325% of Total Turnover | SEBI Turnover Charges | 0.0002% of Total Turnover | 0.00005% of Total Turnover | Stamp Duty Charges | As per the state | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0126% of Total Turnover | 0.025% of Total Turnover | Call and Trade Charges | Rs 20 per call | NA |
Edelweiss and Groww Equity Exposure/Leverage
With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.
Equity Delivery: Leverage provided for Equity Delivery by Edelweiss is up to Upto 15x and by Groww it is up to Upto 3x.
Equity Intraday: Leverage for equity intraday by Edelweiss is up to Upto 25x and by Groww it is up to Upto 14x.
Equity Futures: Leverage for Equity Futures by Edelweiss is up to Upto 15x and by Groww it is up to Upto 6x.
Equity Options: Leverage for Equity Options by Edelweiss is up to Upto 10x and by Groww also, it is up to Upto 4x.
| Equity Leverage | Edelweiss | Groww |
|---|---|---|
| Equity Delivery | Upto 15x | Upto 3x | Equity Intraday | Upto 25x | Upto 14x | Equity Futures | Upto 15x | Upto 6x | Equity Options | Upto 10x | Upto 4x |
Edelweiss and Groww Currency Leverage
The currency futures leverage provided by Edelweiss is up to Upto 12x, while for Groww it is up to Upto 5x.
The currency options leverage provided by Edelweiss is up to Upto 10x, while for Groww it is up to Upto 3x.
| Currency Leverage | Edelweiss | Groww |
|---|---|---|
| Currency Futures | Upto 12x | Upto 5x | Currency Options | Upto 10x | Upto 3x |
Edelweiss and Groww Commodity Leverage
The commodity leverage provided by Edelweiss is up to Upto 15x, while for Groww it is up to Upto 10x.
| Commodity Leverage | Edelweiss | Groww |
|---|---|---|
| Commodity | Upto 15x | Upto 10x |
Edelweiss and Groww Offers
Brokers offer various exciting offers to entice new customers. Here are some of them:
Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.
Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.
Brokerage Discounts: Coupons providing up to 50% discount at their rates.
Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.
1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.
Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.
Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.
Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.
| Offers | Edelweiss | Groww |
|---|---|---|
| Free Stock Trading Account | No | Yes | Free Demat Account | Yes | No | Flexible Plans | No | No | Brokerage Discounts | Yes | Yes | Happy Hours | No | No | 1 Month Free Plan | Yes | No | Holiday Offers | No | No | Referral Program | Yes | No | Zero Brokerage on Loss Trades | No | No |
Edelweiss and Groww Features
Equity Trading: Edelweiss and Groww brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.
Currency and Commodity Trading: Edelweiss and Groww also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Edelweiss and Groww broker is that you can also invest in IPOs. Edelweiss also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Edelweiss offers trading exposure of up to Upto 25x, while Groww gives up to Upto 20x.
Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With Edelweiss and Groww, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Edelweiss and Groww also allow you to trade in forex trading.
| Features | Edelweiss | Groww |
|---|---|---|
| Equity Delivery Trading | Yes | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | Yes | Equity Options Trading | Yes | Yes | Currency Trading | Yes | Yes |
| Commodity Trading | No | Yes | IPO (Initial public offering) | Yes | Yes | Stocks Suggestions | No | No | Robo Advisory | Yes | No | PMS (Portfolio Management Services) | Yes | No |
| Trading Institution | Yes | No | Trading Exposure | Upto 25x | Upto 20x | Mutual Funds | Yes | Yes | SIP (Systematic Investment Plan) | Yes | No | Forex Trading | No | No | Banking | No | No | Insurance | Yes | No |
Edelweiss and Groww Advisory Services
Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-
Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.
Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. Edelweiss and Groww offer you in-depth research reports.
Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.
Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.
Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.
| Advisory Services | Edelweiss | Groww |
|---|---|---|
| Fundamental Reports | Yes | No |
| Research Reports | Yes | Yes |
| Company Reports | Yes | No |
| Annual Reports | No | No |
| Company Stock Review | Yes | No |
| Free Stock Tips | No | No |
| IPO Reports | Yes | No |
| Top Picks | No | No |
| Daily Market Review | Yes | No |
| Monthly Reports | Yes | No |
| Weekly reports | Yes | No |
| Offline Advisory | Yes | No |
| Relationship Manager | Yes | No |
Edelweiss and Groww Desktop Trading Platforms
A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. Edelweiss and Groww offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.
| Desktop Trading Platforms | Edelweiss | Groww |
|---|---|---|
| Windows | Yes | No |
| Mac | Yes | No |
| Desktop Browser | Yes | Yes |
Edelweiss and Groww Mobile Trading Platforms
Edelweiss and Groww offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Edelweiss | Groww |
|---|---|---|
| Mobile Browser | Yes | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Edelweiss and Groww Customer Support
Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. Edelweiss and Groww give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.
| Customer Support Features | Edelweiss | Groww |
|---|---|---|
| Relationship Manager | Yes | No |
| Offline Trading | No | No |
| Online Trading | Yes | Yes |
| 24 * 7 Support | Yes | No |
| Email Support | Yes | Yes |
| Chat Support | Yes | Yes |
| Toll free number | No | No |
| Support Branches | 102 | 0 |
Edelweiss and Groww Customer Complaints
The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for Edelweiss and Groww registered and resolved complaints.
For Edelweiss, the Percentage of resolved BSE complaints is 97.65% and the Percentage of resolved NSE complaints is 89.47 %.
For Groww, the Percentage of resolved BSE complaints is 80.00% and the Percentage of resolved NSE complaints is 85.71 %.
We can say that Edelweiss is better than Groww in case of resolving customer complaints.
| BSE Complaints | Edelweiss | Groww |
|---|---|---|
| BSE Complaints | 212 | 10 |
| BSE Resolved Complaints | 207 | 8 |
| Percentage of resolved BSE complaints | 97.65% | 80.00% |
| NSE Complaints | 133 | 21 |
| NSE Resolved Complaints | 119 | 18 |
| Percentage of resolved NSE complaints | 89.47 % | 85.71 % |
| BSE/NSE Complaint vs. Resolved Percentage | 93.56 % | 82.86 % |
Frequently Asked Questions
Is Edelweiss better than Groww?
Edelweiss is a full service broker and Groww is a discount broker. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Groww better than Edelweiss?
Groww is a discount broker and Edelweiss is a full service broker. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.
Which is cheaper between Edelweiss and Groww?
Being a full-service broker, Edelweiss tends to have higher brokerage charges, while Groww, being a discount broker, offers comparatively cheaper rates. In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.
Which is better, Edelweiss and Groww?
To figure out which of the two stockbrokers, Edelweiss and Groww, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Edelweiss with other stock brokers
Visit the following pages to see a detailed comparision report of Edelweiss with other brokerage firms.
Compare Groww with other stock brokers
Visit the following pages to see a detailed comparision report of Groww with other brokerage firms.