• Top Stock Brokers in India ‐ Reviews, Comparison and Offers
Check reviews of other Share brokers

Groww vs Market Wolf (Compare Groww and Market Wolf)

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 Market Wolf, Below comparison of Groww vs Market Wolf 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 Market Wolf is given below:

Groww Market Wolf
About The Brokers
Groww :

"Groww is one of India's fastest-growing platforms and undoubtedly the best platform for brokerage-free Direct mutual funds investment. They have a strong customer bas   >>> more

Market Wolf :

"Market Wolf is an excellent platform for the newbie trader who is still learning to understand the market and can open Trading & Demat Account with Zero Account openi   >>> more

Find More Information about the Broker :
Groww :
OVERVIEW BROKERAGE PRODUCTS & SERVICES
Market Wolf :
OVERVIEW BROKERAGE
Type of Broker
Groww :
 Discount Broker
Market Wolf :
 Discount Broker
Promo/offers
Groww :
N/A
Market Wolf :
N/A
Advantage
Groww :
  •  Free research services
  •  No DP charges on buy & low brokerage.
  •  Commission Free mutual fund investment
  •  Free Demat & Trading account, No charges on account opening
  •  Zero Clearing Charges
  •  Zero Demat AMC Charges
  •  Option to invest online in gold etfs, SGBs & gold funds
Market Wolf :
  •  Market Wolf offers free trading practices during the market trading hours without KYC verification. Thus, it is beneficial for novice traders to have knowledge about trading before starting investing in the stock market.
  •  The trader only pays 10% brokerage on profitable trade and zero brokerage on loss. 
  •  Market Wolf accepts funds deposits via UPI, NEFT, RTGS, IMPS, Phonepe, GPay, and PayTM without any additional fees, and the trader allows users to deposit and withdraw funds from Market Wolf web and mobile app.
  •  There are 15+ charting styles to make the trading experience user-friendly, and the trader can set up up to 2 hours chart time frames to have better trading insight.
  •  Market Wolf offers a quick withdrawal process and the amount of credit within one business day.
  •  Market Wolf has inbuilt stop order features where the trader needs to set the percentage of the reward and risk (10%, 25%, 50% or 100%). The trade will be auto-squared off once the order crosses the predefined level.
  •  Market Wolf offers only high liquidity and quality stocks. 
Disadvantage
Groww :
  •  Does not provide a 3in1 account facility.
  •  Does not provide commodity Trading
  •  Does not provide trading options: Bracket, GTT orders, etc
  •  does not provide Margin trading facility
  •  No Call and Trade services
  •  No Margin against shares
  •  Does not offer NRI Trading
Market Wolf :
  •  Market Wolf trading app is not available for iOS users. It is currently available only for Android users. 
  •  The free practice session on the Market Wolf platform is only available on mobile applications and not on web browsers. 
  •  Market Wolf charges flat 10% brokerage on profit which is costly. 
  •  Market Wolf doesn’t offer a 3-in-1 account facility. It only provides a free trading account. 
  •  Market Wolf doesn’t offer other services such as mutual funds, IPO, Bonds, FDs, etc., except stock trading.
  •  Stop Trade sessions on Market Wolf take time to end the session as once the trader clicks on the icon “stop trade,” the system re-confirms the decision, which takes extra seconds and may change the overall profit or loss transactions. 
  •  Market Wolf has leveraged up to 100% profit which may cause loss of capital amount if the trader is still learning and doesn’t fully understand the trading mechanism.
  •  Market Wolf doesn’t have exact charges for STT, transaction charges, SEBI, and Stamp charges; the amount is auto calculated while the trader confirms the trading amount. It can be a hassle for a newbie trader to understand the costs.
  •  The trader can add up to 5 stocks to the wish list.
  •  Market Wolf Web is not available for trading. The trader requires to use the Market Wolf mobile application to perform trading. 
  •  Market Wolf is not suitable for advanced traders.
  •  Though there is zero brokerage on loss trade, the trader needs to pay SEBI charges, Stamp Duty, Exchange fee, and GST even if he didn’t earn profit.
  •  Market Wolf doesn’t allow the trader to hold the stocks. The trades get auto squared off at the end of the day if it doesn't meet the profit or loss auto stop level. 
  •  Market Wolf is not offering to trade on the BSE segment. 
  •  Though Market Wolf offers 24/7 customer care service, some days they take 1-2 business days to reply to a query. 
Why This
Groww :
  •  Groww charge Rs.20 per executed order or 0.05% of order value (whichever is lower) for delivery trade.
  •  Equity intraday trade at Rs. 20 or 0.05% (whichever is lower)
  •  Groww provides mutual funds investment at Zero Fees, No transaction charges,
  •  100% paperless online Demat account opening
  •  128 bit SSL Encryption
  •  Get complete stock analysis with company financials like P&L, Balance Sheet, etc & pick your best shares to buy free of cost
  •  No DP charges on buy.
  •  Highly rated Groww mobile App
  •  Facility to invest in US Stocks
Market Wolf :
  • Market Wolf is an excellent platform for the newbie trader who is still learning to understand the market with zero trading account opening and nil annual maintenance charges.
  • Market Wolf offers real-time free practice trading sessions to all traders to ensure understanding of the trading mechanism before starting market trading. 
  • Market Wolf is developed with a risk management system offering a unique profit and stop-loss segment, helping manage the trading risks ensuring the trader never loses more than the percentage set in on a trade.
  • Market Wolf charged brokerage only when the trader made a profit. Zero brokerage on losing the trade. 
  • Market Wolf offers minimum trading of INR 50 for Commodity and Currency trading, INR 100 for Indices trading, and INR 900 for stock trading. 
  • Market Wolf Android mobile application is developed with robust technology and a user-friendly interface, making it easier for beginners to understand trading quickly.
  • Market Wolf e-KYC is power-packed with Legality, a digital execution of highly sensitive agreements. 
  • Market Wolf offers 24/7 customer care to all users via an in-app help center. 

Groww vs Market Wolf Account Opening & AMC Charges

Groww Trading Account Opening Fee is Rs 0 and Market Wolf Trading Account Opening Fee is ₹0 (Free) . Groww Demat Account AMC is Rs 0 and Market Wolf Demat Account AMC is ₹0 (Free) .

Groww Market Wolf
Trading Account Opening Fee Trading Account Opening Fee :

Rs 0

Trading Account Opening Fee :

₹0 (Free)

Demat Account Opening Fee Demat Account Opening Fee :

Rs 0

Demat Account Opening Fee :

₹0 (Free)

Demat Account AMC Demat Account AMC :

Rs 0

Demat Account AMC :

₹0 (Free)

Trading Account AMC Trading Account AMC :

Rs 0

Trading Account AMC :

₹0 (Free)


Groww vs Market Wolf Brokerage Charges

Groww Brokerage Charges Equity Delivery is Rs 20 per executed order or 0.05% whichever is lower and Equity Intraday is Rs 20 per executed order or 0.05% whichever is lower and Equity Options is Rs 20 per executed order . Market Wolf Brokerage Charges Equity Delivery is ₹0 brokerage if loss | 10% of GP(Profitable Trade) and Equity Intraday is ₹0 brokerage if loss | 10% of GP(Profitable Trade) and Equity Options is ₹0 brokerage if loss | 10% of GP(Profitable Trade) .

Groww Market Wolf
Plan Name Plan Name :

Basic Plan

Plan Name :

Market Wolf default Brokerage Plan

Equity Delivery Equity Delivery :

Rs 20 per executed order or 0.05% whichever is lower

Equity Delivery :

₹0 brokerage if loss | 10% of GP(Profitable Trade)

Equity Intraday Equity Intraday :

Rs 20 per executed order or 0.05% whichever is lower

Equity Intraday :

₹0 brokerage if loss | 10% of GP(Profitable Trade)

Equity Future Equity Future :

Rs 20 per executed order

Equity Future :

₹0 brokerage if loss | 10% of GP(Profitable Trade)

Equity Options Equity Options :

Rs 20 per executed order

Equity Options :

₹0 brokerage if loss | 10% of GP(Profitable Trade)

Currency Futures Currency Futures :

NA

Currency Futures :

₹0 brokerage if loss | 10% of GP(Profitable Trade)

Currency Options Currency Options :

NA

Currency Options :

₹0 brokerage if loss | 10% of GP(Profitable Trade)

Monthly Fee Monthly Fee :

NA

Monthly Fee :

NA

Margin Trading Margin Trading : - Margin Trading :

NA

Commodity Futures Commodity Futures :

NA

Commodity Futures :

₹0 brokerage if loss | 10% of GP(Profitable Trade)

Commodity Options Commodity Options :

NA

Commodity Options :

₹0 brokerage if loss | 10% of GP(Profitable Trade)


Groww vs Market Wolf Exchange Transaction Charges

Groww Exchange Transaction Charges Equity Future is NSE: 002% and Equity Options is NSE: 0.053% on premium . Market Wolf Exchange Transaction Charges Equity Future is NSE: 0.0019% and Equity Options is Rs 5000 per Cr (0.05%) (on premium) .

Groww Market Wolf
Equity Delivery Equity Delivery :

NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)

Equity Delivery :

NSE: 0.00325%

Equity Intraday Equity Intraday :

NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)

Equity Intraday :

NSE: 0.00325%

Equity Future * Equity Future :

NSE: 002%

Equity Future :

NSE: 0.0019%

Equity Options * Equity Options :

NSE: 0.053% on premium

Equity Options :

Rs 5000 per Cr (0.05%) (on premium)

Currency Futures * Currency Futures :

NA

Currency Futures :

NSE: 0.0009% + Investor protection fund (0.037%)

Currency Options Currency Options :

NA

Currency Options :

Rs 4000 per Cr (0.04%) (on premium)

Commodity Commodity :

NA

Commodity :

Rs 260 per Cr (0.0026%)


Groww vs Market Wolf Other Charges

Groww Minimum Brokerage is Rs 20 or 0.05% per executed order and Call & Trade is NA . Market Wolf Minimum Brokerage is NA and Call & Trade is NA .

Groww Market Wolf
Minimum Brokerage Minimum Brokerage :

Rs 20 or 0.05% per executed order

Minimum Brokerage :

NA

Call & Trade Call & Trade :

NA

Call & Trade :

NA

Stamp Duty * Stamp Duty : - Stamp Duty : -
DP Charges (on sell side) DP Charges (on sell side) :

₹8 + ₹5.50 (CDSL Charges) per ISIN

DP Charges (on sell side) : -
Other Miscellaneous Charges Other Miscellaneous Charges :

Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50

Other Miscellaneous Charges : -

Groww vs Market Wolf Features

Groww and Market Wolf both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

Groww Market Wolf
Trading Platform Trading Platform :

Groww

Trading Platform :

Mobile, WEB

Placing orders through charts Placing orders through charts :

No

Placing orders through charts : -
Trading Alerts Trading Alerts :

Yes

Trading Alerts :

No

Research and Advice / Trading Tips Research and Advice / Trading Tips :

No

Research and Advice / Trading Tips :

No

Detailed Education Initiatives Detailed Education Initiatives :

No

Detailed Education Initiatives :

No

Unique features & Offers Unique features & Offers : - Unique features & Offers :

Brokerage if Makes Profit

Referral Program Referral Program : - Referral Program :

Yes

Margin Against Shares (Equity Cash) * Margin Against Shares (Equity Cash) :

No

Margin Against Shares (Equity Cash) :

No

Margin Against Shares (Equity F&O) * Margin Against Shares (Equity F&O) :

No

Margin Against Shares (Equity F&O) :

No


Groww vs Market Wolf Demat Account Charges

A comparative table of various demat account charges between Groww and Market Wolf is below:

Groww Market Wolf
Depository Service Provider Depository Service Provider :

CDSL

Depository Service Provider :

CDSL

Account Opening Fee Account Opening Fee :

Rs 0 (Free)

Account Opening Fee :

₹0 (Free)

Advance Deposit Advance Deposit :

Rs 0

Advance Deposit :

₹0

AMC AMC :

Rs 0 (Free)

AMC :

₹0 (Free)

Dematerialisation Charges Dematerialisation Charges :

Rs 150 per certificate + courier charges

Dematerialisation Charges : -
Rematerialisation Charges Rematerialisation Charges :

Rs 150 per certificate + courier charges

Rematerialisation Charges : -
Transaction Charges (Credit) Transaction Charges (Credit) : - Transaction Charges (Credit) : -
Transaction Charges (debit) Transaction Charges (debit) :

Rs 8 + Rs 5.50 (CDSL Charges) per ISIN

Transaction Charges (debit) : -
Pledge Creation Charges Pledge Creation Charges :

Rs 20 + Rs 12 per request (CDSL Charges)

Pledge Creation Charges : -
Pledge Creation Confirmation Charges Pledge Creation Confirmation Charges : - Pledge Creation Confirmation Charges : -
Pledge Invocation Charges Pledge Invocation Charges :

Rs 20

Pledge Invocation Charges : -
Failed Instruction Charges Failed Instruction Charges :

Rs 50 per ISIN

Failed Instruction Charges : -
Other Charges Other Charges :

KYC Modification: Rs 50

Other Charges : -

Groww vs Market Wolf Basic Details

Groww Year of Incorporation is 2016 and Total Number of Clients is 4268383 and . Market Wolf Year of Incorporation is 2017 and Total Number of Clients is 299954 and Total Number of Branches is NA .

Groww Market Wolf
Year of Incorporation Year of Incorporation :

2016

Year of Incorporation :

2017

Active Exchange Memberships Active Exchange Memberships :

NSE and BSE

Active Exchange Memberships :

NSE and MCX

Demat Services Demat Services :

No

Demat Services :

CDSL

Website Website : https://groww.in/ Website : https://marketwolf.com/
Contact Details Contact Details : - Contact Details :

+91 8591308916

Total Number of Clients Total Number of Clients :

4,268,383

Total Number of Clients :

299,954

Total Number of Branches Total Number of Branches : - Total Number of Branches :

NA

Products * Products :

GROWW MOBILE APP

Products :

Equity, Commodity, Currency, IPO


Groww vs Market Wolf Orders

Orders

Groww Market Wolf
Cover Orders (CO) Cover Orders (CO) :

No

Cover Orders (CO) : -
Bracket orders / One Cancels Other (BO / OCO) Bracket orders / One Cancels Other (BO / OCO) :

No

Bracket orders / One Cancels Other (BO / OCO) : -
After Market Orders (AMO) After Market Orders (AMO) :

No

After Market Orders (AMO) : -
Buy Today Sell Tomorrow (BTST) * Buy Today Sell Tomorrow (BTST) :

Yes

Buy Today Sell Tomorrow (BTST) :

Yes

Sell Today Buy Tomorrow (STBT) * Sell Today Buy Tomorrow (STBT) :

No

Sell Today Buy Tomorrow (STBT) :

Yes

Good Till Cancelled (GTC) * Good Till Cancelled (GTC) :

No

Good Till Cancelled (GTC) :

Yes


Groww vs Market Wolf Research and Advice / Trading Tips

Research and Advice / Trading Tips

Groww Market Wolf
Equity Trading Recommendation * Equity Trading Recommendation :

No

Equity Trading Recommendation :

No

Equity Investment Recommendation * Equity Investment Recommendation :

No

Equity Investment Recommendation :

No

Recommendation basis risk Profile * Recommendation basis risk Profile :

No

Recommendation basis risk Profile :

No

Comparison * Comparison :

No

Comparison :

No

Free Tips * Free Tips :

No

Free Tips :

No

Daily Market report * Daily Market report :

No

Daily Market report :

No

ETF research * ETF research :

No

ETF research :

No

Quarterly Results * Quarterly Results :

No

Quarterly Results :

No


Groww vs Market Wolf Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

Groww Market Wolf
Availability for franchisee / AP Availability for franchisee / AP :

NA

Availability for franchisee / AP :

NA

Investment required for Franchisee / AP Investment required for Franchisee / AP :

NA

Investment required for Franchisee / AP :

NA


Groww vs Market Wolf Product & Services

Groww and Market Wolf both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

Groww Market Wolf
Delivery Based Trading * Delivery Based Trading :

Yes

Delivery Based Trading :

Yes

Margin Trading * Margin Trading :

No

Margin Trading :

NA

Call in Trade * Call in Trade :

NA

Call in Trade :

NA

Trading in Both the exchanges * Trading in Both the exchanges :

Yes

Trading in Both the exchanges :

NSE ONLY

Limit Order * Limit Order :

Yes

Limit Order :

Yes

3-in-1 On-line Trading Account * 3-in-1 On-line Trading Account :

No

3-in-1 On-line Trading Account :

No

NRI Services * NRI Services :

No

NRI Services :

No

SMS Alerts * SMS Alerts :

Yes

SMS Alerts :

No

Offers Multiple Plan * Offers Multiple Plan :

No

Offers Multiple Plan :

No

IPO Investment * IPO Investment :

YES

IPO Investment :

No

Portfolio Analysis * Portfolio Analysis :

NO

Portfolio Analysis :

No

Advanced Charting Features * Advanced Charting Features :

No

Advanced Charting Features :

Yes

Brokerage Calculator * Brokerage Calculator :

Yes

Brokerage Calculator :

No

Margin Calculator * Margin Calculator :

Yes

Margin Calculator :

No

Stop Loss Order * Stop Loss Order :

Yes

Stop Loss Order :

Yes

Bracket Orders & Trailing Stop Loss * Bracket Orders & Trailing Stop Loss :

No

Bracket Orders & Trailing Stop Loss :

Yes

Equity Future & Option Trading * Equity Future & Option Trading :

No

Equity Future & Option Trading :

Yes

Currency Future & Option Trading * Currency Future & Option Trading :

No

Currency Future & Option Trading :

Yes

Market Trading * Market Trading :

Yes

Market Trading :

No

Monthly & Yearly Plan * Monthly & Yearly Plan :

No

Monthly & Yearly Plan :

No

Aumtomated Trading * Aumtomated Trading :

No

Aumtomated Trading :

No


Groww vs Market Wolf Customer Services

Groww and Market Wolf 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 Market Wolf
Toll Free Number * Toll Free Number :

No

Toll Free Number :

No

Live Chat Facility * Live Chat Facility :

No

Live Chat Facility :

Yes

Email Facility * Email Facility :

Yes

Email Facility :

Yes

Branch Offices * Branch Offices :

No

Branch Offices :

No

Customer Care * Customer Care :

No

Customer Care :

Info Not Available

Community Service * Community Service :

No

Community Service :

No

Relationship Manager * Relationship Manager :

No

Relationship Manager :

No

24/7 Support * 24/7 Support :

No

24/7 Support :

Yes


Groww vs Market Wolf Other Investement

Groww and Market Wolf 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 Market Wolf
Commodity Trading * Commodity Trading :

No

Commodity Trading :

Yes

Investment in ETFs * Investment in ETFs :

Yes

Investment in ETFs :

No

Investment in Mutual Funds * Investment in Mutual Funds :

Yes

Investment in Mutual Funds :

No

Investment in Bonds * Investment in Bonds :

No

Investment in Bonds :

No

Investment in Corporate Debt instruments * Investment in Corporate Debt instruments :

No

Investment in Corporate Debt instruments :

No

Insurance Services * Insurance Services :

No

Insurance Services :

No

Banking Services * Banking Services :

No

Banking Services :

No


Groww vs Market Wolf Trading Platform

Groww and Market Wolf both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

Groww Market Wolf
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 :

No

Desktop Mac * Desktop Mac :

No

Desktop Mac :

No

I-Pad App * I-Pad App :

Yes

I-Pad App :

No

Virtual Trading * Virtual Trading :

No

Virtual Trading :

No

iPhone Mobile App * iPhone Mobile App :

Yes

iPhone Mobile App :

No

Contact Now

User Reviews

Post New Message
0  Comments
- - -   Compare More Brokers   - - -