GuideInvestingZerodha Or Groww: Which is better for your trading style?

January 4, 2023by Sanket Alurkar0

If you want to be a successful stock trader, it is necessary to have a good technique and a sound platform that can be used for trading.

For systematic trading one must have fast trading platform speed, real-time market data and convenient tools for advanced charting.

Trading using Online Trading platforms has become a trend. Following is a comparison between two best platforms in the market. These platforms have blazing fast speed and provide unique features and are available on mobile and desktop.

 

Zerodha

Zerodha is a reliable stockbroker. It has been in business since 2010 and has over 15 lakh active clients located across India.

The company is registered with SEBI, CDSL, and major stock exchanges in India. It has a low operation cost as it offers online trading facilities only.

1+ Crore Zerodha clients contribute to over 15% of all retail order volumes in India daily by trading and investing in: Futures and Options.

Groww

Groww is India’s growing financial services platform where users can find their investment solutions pertaining to mutual funds, stocks, US Stocks, ETFs, IPO. It was established in 2016.

best broker Zerodha or Groww

Let’s dive into comparison between Groww and Zerodha.

Zerodha Groww
Type Discount Discount
Year Of Establishment 2010 2016
Members of NSE, BSE, MCX NSE, BSE
Active Client Base 36 Lakhs 7.86 Lakhs
Depository CDSL CDSL
Trading Segments Equity, Currency, Commodity, Derivatives, IPO, Bonds and Mutual Funds Equity, Currency, IPO and Mutual Funds.

Company Statistics

Every broker must have strong company fundamentals in order to ensure that their investments are not in danger. Here are some specifications about Zerodha & Groww’s company profile.

Let’s consider other parameters and analyse the company’s statistics.

Zerodha Groww
Type of Company Bootstrapped Depends on funding
Profit/ Loss Rs 1000 cr (Profit) Rs 7.92 cr (Loss)
Revenue Rs 1096.64 Cr Rs 0.76 Cr

 Customer Service Statistics

Customer Service is one of the most important aspects for a trader. In case of any issues, the trader must be able to resolve it quickly in order to make sure no loss are occured.

The customer must be happy and trust the brand at the end of the day. And this can be only acheived with great customer support.

Zerodha Groww
Number Of Complaints 868 32
Complaints Resolved 757 28
% of complaints against active client base 0.02% 0.04%
% of number of complaints resolved as against the number of complaints resolved 98.5% 87.5%

Zerodha Vs Groww Charges

The new user must pay account opening charges while using Zerodha and the account opening is free for Groww.

Zerodha Groww
Account Opening Charges Rs 200 (equity, currency, etc) Rs 300 (commodities) Rs 0
Account Opening Charges Rs 300 + GST (charged quarterly) Rs 0

Zerodha Vs Groww Stock Charges

Following are the charges charged for various services.

Stock charges are charged on both buying and selling side and they are charged on total turnover amount.

Brokerage Zerodha Groww
Equity Delivery Rs 0 Rs 20 per order or 0.05%
Equity Intraday Rs 20 per order or 0.03% Rs 20 per order or 0.05%
Equity Futures Rs 20 per order or 0.03% Rs 20 per order or 0.05%
Equity Options Rs 20 per order Rs 20 per order or 0.05%
Commodity Futures Rs 20 per order or 0.03% NA
Commodity Options Rs 20 per order or 0.03% NA
Currency Futures Rs 20 per order or 0.03% Rs 20 per order
Currency options Rs 20 per order or 0.03% Rs 20 per order

Zerodha Vs Groww DP Charges 

The DP levies charges upon all sale of share transactions in your Demat Account. DP Charges mean flat transaction fees regardless of the quantity sold.

Zerodha Groww
DP Charges Rs 13.5 + GST per scrip Rs 13.5 + GST per scrip

Zerodha Vs Groww Margin Trading Facility

Margin trading refers to borrowing money from the broker to purchase stock. The investor is allowed to buy more securities than what he can afford with the available funds at the moment.
Zerodha Groww
Equity Intraday Upto 7x (based on the stock) MAX 20% of traded value Upto 5x (based on stocks)
Equity Options 1.3x on both buying and selling 1.5x to 2x on selling
Equity futures 1.3x on both buying and selling
Currency futures 1.3x on both buying and selling
Currency Options 1.3x on both buying and selling 1.5x to 2x on selling
Commodity Futures 1.3x on both buying and selling
Commodity Options 1.3x on both buying and selling

Zerodha Vs Groww Trading Platform

Trading platform is a software system typically offered through a brokerage or other financial institution that lets you trade online, on your own. A trading platform gives investors an online interface through which they can access various markets, place trades, monitor positions, and manage their accounts.

Zerodha Groww
Web based Zerodha Kite Groww Web app
Mobile App Zerodha Coin Zerodha Kite Groww Mobile app
Terminal Zerodha Pi

Zerodha Vs Groww Features

Zerodha Groww
SMS Alerts
Guest Demo
Online Portfolio
Margin Trading Funding
Referral Program

Zerodha Vs Groww Customer Support

Zerodha Groww
Chat Box /text
Phone /Call
Offline support
Email

Which is better Zerodha or Groww?

zerodha

Zerodha Groww
Brand Equity 4.5/5 4.0/5
Brokerage 4/5 4/5
Trading Platforms 4.5/5 2.7/5
Customer Service 2.7/5 2.7/5
Mobile Trading 4.2/5 3/5
Margin 3/5 3/5

This was the comparison between Zerodha and Groww. We believe that Zerodha is better of the two. We hope that you would have found our article worth reading. Share it with your friends and stay tuned for more articles.


FAQs

Q.) Which is better Zerodha or Groww?

Asnwer : While Zerodha and Groww, both are online discount brokers, Zerodha is better than Groww.

Q.) What if Zerodha shuts down?

Answer : If a broker shuts down, you need to apply for compensation for your trading account with the Investor Protection Fund set up by SEBI.

Q.) Is Zerodha account free?

Answer : The charge for an online account opening at Zerodha is Rs 200 for the Trading & Demat account.

Q.) Does Zerodha have minimum balance?

Answer : No, there is no minimum balance to be maintained in your Zerodha trading account.

Q.) Can Groww be trusted?

Answer : Yes, the Groww app is safe and secure for mutual fund investments.

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DISCLAIMER: Online Trading Institute is providing courses content and any related materials (including newsletters, blog post, videos, social media and other communications) for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments.