Reviews of Stock Brokers


When it comes to investing in the stock market, choosing the right stockbroker is of utmost importance. It can significantly impact your trading experience, investment returns, and overall satisfaction. In this article, we will provide an in-depth review of Groww, one of India's prominent Discount Broker. We will evaluate various aspects, including brokerage charges, trading platforms, customer support, and more, to help you make an informed decision.


Groww founded in 2016 by Lalit Keshre is a Private company headquartered in Bangalore, India India. As a Discount Broker, Groww aims to provide cost-effective buy/sell orders, enabling investors to save money compared to full-service brokers. However, it is crucial to note that Groww operates as a full-service brokers. It offers extensive investment advice and detailed stock analysis for its clients.

Broker TypeDiscount Broker
Type of companyPrivate
HeadquarterBangalore, India
FoundersLalit Keshre
Foundation Year2016
Supported ExchangesNSE and BSE
Total branches0

Groww Account opening charges

To begin trading with Groww, you need to open a trading account and a Demat account. Groww charges Free for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Rs.300 per Annum for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesGroww
Trading Account Opening ChargesFree
Demat AMC (Annual Maintenance Charges)Rs.300 per Annum
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyZero
Offline to Online ChargesYes

Groww Brokerage Charges

One of the main factors to consider when choosing a stockbroker is the brokerage charges. Groww brokerage charges for various segments are as follows:

Equity Brokerage Charges

Equity Brokerage ChargesGroww
Equity Delivery BrokerageZERO
Equity Intraday BrokerageRs.20 per Order
Equity Futures BrokerageRs.20 per Order
Equity Options BrokerageRs.20 per Order

Currency Brokerage Charges

Currency Brokerage ChargesGroww
Currency Futures BrokerageRs.20 per Order
Currency Options BrokerageRs.20 per Order

Commodity Brokerage Charges

Commodity Brokerage ChargesGroww
Commodity Options BrokerageNA

Groww Other Charges

In addition to brokerage charges, there are other charges to consider:

Other Brokerage ChargesGroww
Minimum Brokerage ChargesZero
Transaction Brokerage Charges0.00325% of Total Turnover
SEBI Turnover Charges0.00005% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.025% of Total Turnover
Call and Trade ChargesNA

Groww Equity Leverage

Leverage enables traders to amplify their market exposure using a relatively smaller capital amount. Here's the leverage provided by Groww:

Equity LeverageGroww
Equity DeliveryUpto 3x
Equity IntradayUpto 14x
Equity FuturesUpto 6x
Equity OptionsUpto 4x

Groww Currency Leverage

Currency LeverageGroww
Currency FuturesUpto 5x
Currency OptionsUpto 3x

Groww Commodity Leverage

Equity LeverageGroww
CommodityUpto 10x

Groww Offers

Numerous stockbrokers are enticing customers with attractive offers in order to expand their client base. Some of these enticing offers include:

Free Stock Trading AccountYes
Free Demat AccountNo
Flexible PlansNo
Brokerage DiscountsYes
Happy HoursNo
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramNo
Zero Brokerage on Loss TradesNo

Groww Features

Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingYes
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)No
Trading InstitutionNo
Trading ExposureUpto 20x
Mutual FundsYes
SIP (Systematic Investment Plan)No
Forex TradingNo

Groww Advisory Services

The key distinction between a discount broker and a full-service broker lies in the range of services offered and the rates at which they are provided.

Fundamental ReportsNo
Research ReportsYes
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsNo
IPO ReportsNo
Top PicksNo
Daily Market ReviewNo
Monthly ReportsNo
Weekly reportsNo
Offline AdvisoryNo
Relationship ManagerNo

Groww Trading Platforms

The Groww trading software comprises various trading platforms suitable for the diverse needs of the customers. It is built on IIFL's trading platform. It has been trusted by customers for the past two decades. The trading platform is available in three different forms. Namely: a mobile app, a web browser-based platform, and an installable desktop trading application.

Groww Trading Platforms

Desktop Trading PlatformsGroww
Desktop BrowserYes

Groww Mobile App

The Groww mobile app allows users to trade on the go and provides access to trading at BSE/NSE and robo advisory services. Customers can download the app for free from either the google app store or the apple app Store. The app is designed to be simple and intuitive, enabling users to buy stocks, trade in stock and currency futures & options, and invest in mutual funds, ETFs, bonds, and more.

Mobile AppGroww
Mobile BrowserYes
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

Groww Web Trading

For web-based trading, Groww offers a powerful trading website known as Groww trader station. This website can be accessed through any web browser on computers, laptops, mobile devices, or tablets. It provides a wide range of trading and investment options within a single domain. The web platform is seamlessly integrated with payment gateways and banks, enabling instant fund transfers.

Groww Trade Terminal

Groww offers a trade terminal, which is a downloadable trading terminal specifically developed for active traders seeking advanced trading features. This desktop application offers real-time data and advanced charts for monitoring intraday and historic stock prices. It also offers a variety of keyboard shortcuts to facilitate real-time market monitoring and faster order placement.

Groww Customer Support

Customer SupportGroww
Relationship ManagerNo
Offline TradingNo
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportYes
Toll free numberNo
Support Branches0

Groww Complaints

Understanding the number of customer complaints received by a brokerage firm can provide insights into the quality and reliability of their services. The following table shows the information regarding the complaints received by Groww.

BSE ComplaintsGroww
BSE Complaints10
BSE Resolved Complaints8
Percentage of resolved BSE complaints80.00%
NSE Complaints21
NSE Resolved Complaints18
Percentage of resolved NSE complaints85.71 %
BSE/NSE Complaint vs. Resolved Percentage82.86 %


In conclusion, Groww offers a range of trading and investment options through its user-friendly platforms. With competitive pricing and several investment choices, it is one of the best options for investors. However, the lack of comprehensive customer support and the number of customer complaints are areas of concern. Considering all the features and user experience, Groww can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.