Groww vs IIFL (Compare Groww vs IIFL)
So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.
Here we provide side by side comparison between Groww vs IIFL, Below comparison of Groww vs IIFL highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.
One on One comparison of Groww vs IIFL is given below:
|
Groww |
IIFL |
| Groww | IIFL |
|---|
| About The Brokers |
Groww : |
IIFL : |
| Find More Information about the Broker : |
Groww :OVERVIEW BROKERAGE PRODUCTS & SERVICES |
IIFL :OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING |
| Type of Broker |
Groww : |
IIFL : |
| Promo/offers |
Groww :Special Offer: Free Mutual fund/SIP investment + Flat ₹20 Equity delivery & Intra-day trades. Get the offer
|
IIFL :Special Offer: Brokerage free equity delivery trading + Flat ₹20 Intra-day and F&O trades.Get the offer
|
| Advantage |
Groww :
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IIFL :
|
| Disadvantage |
Groww :
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IIFL :
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| Why This |
Groww :
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IIFL :
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Groww vs IIFL Account Opening & AMC Charges
Groww Trading Account Opening Fee is ₹0 (Free) and IIFL Trading Account Opening Fee is ₹750 . Groww Demat Account AMC is ₹0 (Free) and IIFL Demat Account AMC is ₹400 per year .
Groww vs IIFL Brokerage Charges
Groww Brokerage Charges Equity Delivery is Rs.20 per executed order or 0.05% of order value and Equity Intraday is Rs.20 per executed order or 0.05% of order value and Equity Options is Flat Rs.20 per Trade . IIFL Brokerage Charges Equity Delivery is 0.50% and Equity Intraday is 0.05% and Equity Options is 1% of Premium or ₹100 per lot, whichever is high .
Groww vs IIFL Transaction Charges (Per Crore)
Groww Transaction Charges (Per Crore) Equity Future is NSE: 0.0019% | BSE 0.003% (each side) and Equity Options is NSE: 0.0019% | BSE 0.003% (each side) . IIFL Transaction Charges (Per Crore) Equity Future is 0.0021% and Equity Options is 0.051% on premium .
Groww vs IIFL Other Charges
Groww Minimum Brokerage is ₹20 or 0.05% per executed order and Call & Trade is NA . IIFL Minimum Brokerage is ₹0.05 per share (₹25 Min) and Call & Trade is ₹50 per call .
Groww vs IIFL Features
Groww and IIFL both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:
Groww vs IIFL Demat Account Charges
A comparative table of various demat account charges between Groww and IIFL is below:
Groww vs IIFL Basic Details
Groww Year of Incorporation is 2016 and Total Number of Clients is 1784059 and . IIFL Year of Incorporation is 1996 and Total Number of Clients is 389623 and Total Number of Branches is 900 .
Groww vs IIFL Leverage
Leverage
| Groww | IIFL | |
|---|---|---|
| Equity Delivery |
Equity Delivery :
1x (no margin) |
Equity Delivery :
Upto 3x (18% Annual Interest) |
| Equity Intraday |
Equity Intraday :
Up to 8x (based on the stock) |
Equity Intraday :
Upto 20x |
| Equity Futures |
Equity Futures :
NA |
Equity Futures :
Upto 3x |
| Equity Options |
Equity Options :
NA |
Equity Options :
3x for shorting |
| Currency Futures |
Currency Futures :
NA |
Currency Futures :
Upto 2x |
| Currency Options |
Currency Options :
NA |
Currency Options :
2x for shorting |
| Commodity Futures |
Commodity Futures :
NA |
Commodity Futures :
Upto 3x |
| Commodity Options |
Commodity Options :
NA |
Commodity Options : - |
| F&O (Eq, Curr, Comm) | F&O (Eq, Curr, Comm) : - | F&O (Eq, Curr, Comm) : - |
Groww vs IIFL Orders
Orders
Groww vs IIFL Research and Advice / Trading Tips
Research and Advice / Trading Tips
Groww vs IIFL Franchisee / Authorized Person related information
Franchisee / Authorized Person related information
| Groww | IIFL | |
|---|---|---|
| Availability for franchisee / AP |
Availability for franchisee / AP :
NA |
Availability for franchisee / AP :
Yes |
| Investment required for Franchisee / AP |
Investment required for Franchisee / AP :
NA |
Investment required for Franchisee / AP :
Rs.75,000 to Rs.2,00,000 |
Groww vs IIFL Product & Services
Groww and IIFL both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:
Groww vs IIFL Customer Services
Groww and IIFL both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:
Groww vs IIFL Other Investement
Groww and IIFL both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:
Groww vs IIFL Trading PlatForm
Groww and IIFL both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:
| Groww | IIFL | |
|---|---|---|
| Web Platform * |
Web Platform :
Yes |
Web Platform :
Yes |
| Android Mobile App * |
Android Mobile App :
Yes |
Android Mobile App :
Yes |
| Desktop Windows * |
Desktop Windows :
No |
Desktop Windows :
Yes |
| Desktop Mac * |
Desktop Mac :
No |
Desktop Mac :
No |
| I-Pad App * |
I-Pad App :
Yes |
I-Pad App :
Yes |
| Virtual Trading * |
Virtual Trading :
No |
Virtual Trading : - |
| iPhone Mobile App * |
iPhone Mobile App :
Yes |
iPhone Mobile App :
Yes |
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