IIFL Securities vs Groww – Compare Charges, Trading Features, Offers & More

Overview — IIFL Securities vs. Groww

IIFL Securities is listed as a Private Discount Broker established in 1995 with headquarters in Mumbai and founded by Nirmal Jain. The broker highlights access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures through mobile app access and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. It follows a iValue Brokerage brokerage structure.

Groww is listed as a Private Discount Broker established in 2016 with headquarters in Bangalore and founded by Lalit Keshre. It offers equity delivery, equity intraday, equity futures, equity options and mutual funds using mobile app access and web trading and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, interactive charts and live market tracking. Its brokerage model is structured as Standard Plan.

Both brokers use technology-driven platforms to attract active traders and investors, but the better option depends on the combination of pricing, products, services, and support that matters most to you.

Brokerage charges comparison — IIFL Securities vs. Groww

Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for IIFL Securities and Groww.

Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. IIFL Securities charges 0.25% of Transaction Value while Groww charges Rs.20 per Order or 0.05% (whichever is low).

Equity intraday: This charge applies to buy-sell positions closed within the same trading day. IIFL Securities charges 0.025% of Transaction Value while Groww charges Rs.20 per Order or 0.05% (whichever is low).

Equity futures: This charge applies to futures contracts on stocks and indices. IIFL Securities charges 0.25% of Transaction Value while Groww charges Rs.20 per Order or 0.05% (whichever is low).

Equity options: This charge applies to equity option contracts. IIFL Securities charges Rs.25 per Lot while Groww charges Rs.20 per Order.

Commodity futures: This charge covers commodities such as gold, silver, and crude oil. IIFL Securities charges 0.25% of Transaction Value while Groww charges Rs.20 per Order.

Commodity options: This charge applies to option contracts on commodity instruments. IIFL Securities charges Rs.25 per Lot while Groww charges Rs.20 per Order.

Currency futures: This charge allows participation in forex price movements on the exchange. IIFL Securities charges 0.25% of Transaction Value while Groww charges Rs.20 per Order.

Currency options: This charge enables traders to hedge or speculate on currency fluctuations. IIFL Securities charges Rs.25 per Lot while Groww charges Rs.20 per Order.

Trading platforms comparison — IIFL Securities vs. Groww

IIFL Securities provides mobile app access for order placement, portfolio tracking, and market monitoring. Groww provides mobile app access and web trading for its users.

• Android app: IIFL Securities and Groww both list an Android trading app.

• iOS app: IIFL Securities and Groww both list an iOS trading app.

• Web trading platform: Groww lists a web trading platform, while IIFL Securities does not currently mention it.

• Desktop trading terminal: Neither broker currently highlights a desktop trading terminal.

• Algo trading: Neither broker currently highlights algo trading support.

• Basket trading: Neither broker currently highlights basket trading.

• Foreign stocks platform: Neither broker currently highlights foreign stocks access.

• Mutual fund platform: IIFL Securities and Groww both list a mutual fund investment platform.

• Digital gold platform: IIFL Securities lists digital gold investing, while Groww does not currently mention it.

• Bonds platform: Neither broker currently highlights a bonds investment platform.

IIFL Securities vs. Groww — Comparison of trading features

IIFL Securities highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips, while Groww promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, interactive charts and live market tracking. The table below shows the full feature set for both brokers side by side.

• Wishlist: Monitor specific stocks or assets by adding them to a watchlist for close tracking. Both IIFL Securities and Groww offer this feature.

• Real time updates: Get timely updates on market trends, stock prices, and other market data. Both IIFL Securities and Groww offer this feature.

• Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both IIFL Securities and Groww offer this feature.

• Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both IIFL Securities and Groww offer this feature.

• Research reports: A comprehensive overview of different stocks and sectors in the stock market. IIFL Securities offers this; Groww does not currently highlight it.

• Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. IIFL Securities offers this; Groww does not currently highlight it.

• Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both IIFL Securities and Groww offer this feature.

• Live market: Live updates on market movements and trends. Both IIFL Securities and Groww offer this feature.

• Multi profile management: Manage multiple trading profiles from a single account. IIFL Securities offers this; Groww does not currently highlight it.

• Secure platform: A secure trading environment with next-generation security controls. Both IIFL Securities and Groww offer this feature.

IIFL Securities vs. Groww — Comparison of offers

Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by IIFL Securities and Groww.

• Free account opening: IIFL Securities and Groww both list free account opening.

• Free AMC: IIFL Securities and Groww both list free Demat AMC.

• Free brokerage: Neither broker currently highlights free brokerage.

• Flat brokerage: Groww lists flat brokerage pricing, while IIFL Securities does not currently mention it.

• Flexible brokerage plans: IIFL Securities lists flexible brokerage plans, while Groww does not currently mention it.

• Happy trading hours: Neither broker currently highlights happy trading hours.

• Free delivery trading: Neither broker currently highlights free delivery trading.

• Free intraday trading: Neither broker currently highlights free intraday trading.

• Free F&O trading: Neither broker currently highlights free F&O trading.

• Free research reports: IIFL Securities lists free research reports, while Groww does not currently mention it.

• Free trading calls: IIFL Securities lists free trading calls, while Groww does not currently mention it.

• Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.

• Referral offers: IIFL Securities offers Upto Rs.1000 per Client while Groww offers Rs.300 per Client for referrals.

Offered products comparison — Groww vs. IIFL Securities

Product availability determines whether a broker can support your preferred markets. IIFL Securities highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures, while Groww highlights equity delivery, equity intraday, equity futures, equity options and mutual funds.

The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options, currency futures, currency options, mutual funds and digital gold.

• Demat services: IIFL Securities and Groww both list Demat services.

• Trading services: IIFL Securities and Groww both list trading services.

• Intraday services: IIFL Securities and Groww both list intraday trading services.

• F&O services: IIFL Securities and Groww both list F&O services.

• IPO services: IIFL Securities and Groww both list IPO services.

• 3-in-1 account: Neither broker currently highlights 3-in-1 account support.

• Stock research: IIFL Securities lists stock research, while Groww does not currently mention it.

• Stock recommendations: IIFL Securities lists stock recommendations, while Groww does not currently mention it.

• Trading education: Neither broker currently highlights trading education.

• Share pledging: IIFL Securities and Groww both list share pledging.

• PMS or PCG: IIFL Securities lists PMS or PCG support, while Groww does not currently mention it.

• NRI services: IIFL Securities lists NRI services, while Groww does not currently mention it.

Offered services comparison — IIFL Securities vs. Groww

IIFL Securities provides Demat services, trading services, intraday trading, F&O trading, IPO access and stock research, while Groww offers Demat services, trading services, intraday trading, F&O trading, IPO access and share pledging.

Stock advisory service comparison — IIFL Securities vs. Groww

Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from IIFL Securities and Groww.

Exposure comparison — IIFL Securities vs. Groww

Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from IIFL Securities and Groww across different segments.

Comparison of programs — IIFL Securities vs. Groww

IIFL Securities and Groww both list a sub-broker program. IIFL Securities and Groww both list a partner program. IIFL Securities and Groww both list a referral program.

Customer support comparison — IIFL Securities vs. Groww

IIFL Securities provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Groww provides support through call support, email support, website support, Facebook support and Twitter/X support. IIFL Securities operates Available branches.

Ratings — IIFL Securities vs. Groww

Both brokers have been evaluated across key parameters to help investors make an informed comparison. IIFL Securities carries an overall rating of 9.28 / 10, while Groww carries an overall rating of 9.75 / 10.

Complaints — IIFL Securities vs. Groww

SEBI, BSE, and NSE regularly publish broker complaint data as part of investor protection oversight. The table below shows the complaint records for both brokers.

Transaction charges comparison — IIFL Securities vs. Groww

Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for IIFL Securities and Groww.

Pledge charges comparison — IIFL Securities vs. Groww

Pledge creation charges apply when traders borrow against their held securities. Pledge invocation charges apply if the pledged shares are sold due to a shortfall. Margin trading interest is the rate charged on borrowed funds.

Hidden charges comparison — IIFL Securities vs. Groww

Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.

Compare Demat charges — IIFL Securities vs Groww

IIFL Securities lists account opening charges of Free and Demat AMC of Rs.250 per Year (1st Year Free). Groww lists account opening charges of Free and Demat AMC of Free.

IIFL Securities vs Groww — Compare STT & CTT

Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are government levies — the same for all brokers in India. These are shown below for reference.

Compare stamp duty — IIFL Securities and Groww

Stamp duty is a government tax charged when the broker issues, sells, or transfers a security. It is collected at the end of each trading day.

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