Groww vs ICICI Direct (Compare Groww vs ICICI Direct)

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 ICICI Direct, Below comparison of Groww vs ICICI Direct 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.

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One on One comparison of Groww vs ICICI Direct is given below:

Groww

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ICICI Direct

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	Groww	ICICI Direct

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	ICICI Direct : "ICICIdirect.com, an award winning, pioneering online broking platform, The platform not only offers convenient ways to invest in Equity, Derivatives, Currency Futur >>> more
Find More Information about the Broker :	Groww : OVERVIEW BROKERAGE PRODUCTS & SERVICES	ICICI Direct : OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker	Groww : Discount Broker	ICICI Direct : Full Service Broker
Promo/offers	Groww : Special Offer: Free Mutual fund/SIP investment + Flat ₹20 Equity delivery & Intra-day trades. Get the offer	ICICI Direct : Special Offer: Free Futures Trading + Intraday Trading charges at Flat ₹20 + Commodity & Currency Derivative at Flat ₹20. Get the offer
Pros	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 digital gold.	ICICI Direct : 3-in-1 online trading account. Security of your investment & money 24/7 customer service. Easy-to-use website. Innovative offerings like - Margin, MarginPlus, BTST, SPOT. Derivatives trading,NRI services, mutual funds, IPOs and on-line life insurance. Own DP services Award winning research services Instant payout for your stocks sold (eATM) By Subscribing ICICI Direct Neo Plan you get ZERO BROKERAGE IN FUTURES, RS 20 UNLIMITED PER ORDER BROKERAGE IN OPTIONS AND INTRADAY EQUITY !
Cons	Groww : No F&O Trading, Grow does not provide Options & Future Trading. 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 facilityc No Call and Trade services No Margin against shares Does not offer NRI Trading	ICICI Direct : Very High delivery brokerage. Not a good fit for small and penny stock traders. Charges for trading terminal usage. High Minimum Brokerage Charges.
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	ICICI Direct : A Unique 3-in-1 On-line Trading Account, which includes ICICI Bank Account, ICICI Trading Account and ICICI Demat Account, is the key offering for retail stock market investors in India. Security: Instead of transferring monies to a broker's pool or towards deposits, you can manage your own demat and bank accounts when you trade through ICICIdirect.com. It provides you the flexibility to pay only when you trade. Largest Equity E-Broking House with >40 Lac customers. Share trading in both NSE and BSE, innovative offerings like - Margin, MarginPlus, BTST, SPOT, Derivatives trading, overseas trading, mutual funds, IPOs and on-line life insurance. Call-n-Trade: you can place orders securely over the telephone with the Call N Trade service. Award Winning Research

Groww vs ICICI Direct Account Opening & AMC Charges

Groww Trading Account Opening Fee is ₹0 (Free) and ICICI Direct Trading Account Opening Fee is ₹975 . Groww Demat Account AMC is ₹0 (Free) and ICICI Direct Demat Account AMC is ₹700 .

	Groww	ICICI Direct
Trading Account Opening Fee	Trading Account Opening Fee : ₹0 (Free)	Trading Account Opening Fee : ₹975
Demat Account Opening Fee	Demat Account Opening Fee : ₹0 (Free)	Demat Account Opening Fee : ₹0
Demat Account AMC	Demat Account AMC : ₹0 (Free)	Demat Account AMC : ₹700
Trading Account AMC	Trading Account AMC : ₹0 (Free)	Trading Account AMC : ₹0

Groww vs ICICI Direct 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 Trade Not Available . ICICI Direct Brokerage Charges Equity Delivery is 0.55% and Equity Intraday is 0.275% and Equity Options is ₹95 to ₹35 per lot .

	Groww	ICICI Direct
Plan Name	Plan Name : Basic Plan	Plan Name : I-Saver Plan
Equity Delivery	Equity Delivery : Rs.20 per executed order or 0.05% of order value	Equity Delivery : 0.55%
Equity Intraday	Equity Intraday : Rs.20 per executed order or 0.05% of order value	Equity Intraday : 0.275%
Equity Future	Equity Future : Trade Not Available	Equity Future : 0.05% to 0.03%
Equity Options	Equity Options : Trade Not Available	Equity Options : ₹95 to ₹35 per lot
Currency Futures	Currency Futures : Trade Not Available	Currency Futures : 0.050% to 0.030%
Currency Options	Currency Options : Trade Not Available	Currency Options : ₹25 to ₹10 per lot
Monthly Fee	Monthly Fee : NA	Monthly Fee : -
Margin Trading	Margin Trading : NA	Margin Trading : 0.05% - 0.03%
Commodity Futures	Commodity Futures : Trade Not Available	Commodity Futures : NA
Commodity Options	Commodity Options : Trade Not Available	Commodity Options : NA

Groww vs ICICI Direct Transaction Charges (Per Crore)

Groww Transaction Charges (Per Crore) Equity Future is NA and Equity Options is NA . ICICI Direct Transaction Charges (Per Crore) Equity Future is ₹180 per Cr (0.0018%) and Equity Options is ₹5000 per Cr (0.05%) (on premium) .

	Groww	ICICI Direct
Equity Delivery	Equity Delivery : NSE ₹325 per Cr \| BSE ₹300 per Cr	Equity Delivery : NSE ₹310 per Cr (0.0031%) \| BSE ₹280 per Cr (0.0028%) (each side)
Equity Intraday	Equity Intraday : NSE ₹325 per Cr \| BSE ₹300 per Cr	Equity Intraday : NSE ₹310 per Cr (0.0031%) \| BSE ₹280 per Cr (0.0028%) (each side)
Equity Future *	Equity Future : NA	Equity Future : ₹180 per Cr (0.0018%)
Equity Options *	Equity Options : NA	Equity Options : ₹5000 per Cr (0.05%) (on premium)
Currency Futures *	Currency Futures : NA	Currency Futures : ₹120 per Cr (0.0012%)
Currency Options	Currency Options : NA	Currency Options : ₹5000 per Cr (0.05%) (on premium)
Commodity	Commodity : NA	Commodity : NA

Groww vs ICICI Direct Other Charges

Groww Minimum Brokerage is ₹20 or 0.05% per executed order and Call & Trade is NA . ICICI Direct Minimum Brokerage is ₹35 per trade and Call & Trade is ₹25 per call after first 20 free calls per month .

	Groww	ICICI Direct
Minimum Brokerage	Minimum Brokerage : ₹20 or 0.05% per executed order	Minimum Brokerage : ₹35 per trade
Call & Trade	Call & Trade : NA	Call & Trade : ₹25 per call after first 20 free calls per month
Stamp Duty *	Stamp Duty : Delivery: 0.015%, Intraday: 0.03%, F&O: 0.002%	Stamp Duty : Charges as per the state of residence
DP Charges (on sell side)	DP Charges (on sell side) : ₹8 + ₹5.50 (CDSL Charges) per ISIN	DP Charges (on sell side) : 0.04% (Min ₹25 and Max ₹25,000)
Other Miscellaneous Charges	Other Miscellaneous Charges : Physical Contract Note:₹20+Courier; ₹50Auto square	Other Miscellaneous Charges : -

Groww vs ICICI Direct Features

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

	Groww	ICICI Direct
Trading Platform	Trading Platform : Groww Web , Groww Mobile	Trading Platform : Trade Racer Web, Desktop, ICICI Direct Mobile App
Placing orders through charts	Placing orders through charts : No	Placing orders through charts : No
Trading Alerts	Trading Alerts : Yes	Trading Alerts : Yes
Research and Advice / Trading Tips	Research and Advice / Trading Tips : No	Research and Advice / Trading Tips : 1
Detailed Education Initiatives	Detailed Education Initiatives : No	Detailed Education Initiatives : Yes
Unique features & Offers	Unique features & Offers : Single platform for stocks, MFs, Gold, IPOs, ETFs,	Unique features & Offers : Bullet Trading, Can trade in 32 exchanges through Saxo Trader
Referral Program	Referral Program : No	Referral Program : -
Margin Against Shares (Equity Cash) *	Margin Against Shares (Equity Cash) : No	Margin Against Shares (Equity Cash) : Yes
Margin Against Shares (Equity F&O) *	Margin Against Shares (Equity F&O) : No	Margin Against Shares (Equity F&O) : Yes

Groww vs ICICI Direct Demat Account Charges

A comparative table of various demat account charges between Groww and ICICI Direct is below:

	Groww	ICICI Direct
Depository Service Provider	Depository Service Provider : CDSL	Depository Service Provider : CDSL and NSDL
Account Opening Fee	Account Opening Fee : ₹0 (Free)	Account Opening Fee : ₹975
Advance Deposit	Advance Deposit : NIL	Advance Deposit : ₹0 for ICICI Bank customers. ₹7500 for Non ICICI BANK customers.
AMC	AMC : ₹0 (Free)	AMC : ₹0
Dematerialisation Charges	Dematerialisation Charges : ₹150 per certificate + courier charges	Dematerialisation Charges : ₹50 Per Demat Request Form and ₹3 For Each Certificates
Rematerialisation Charges	Rematerialisation Charges : ₹150 per certificate + courier charges	Rematerialisation Charges : ₹25 + CDSL charges at actual
Transaction Charges (Credit)	Transaction Charges (Credit) : NA	Transaction Charges (Credit) : -
Transaction Charges (debit)	Transaction Charges (debit) : ₹8 + ₹5.50 (CDSL Charges) per ISIN	Transaction Charges (debit) : ₹0 for trader on ICICIDirect.com
Pledge Creation Charges	Pledge Creation Charges : ₹20 + ₹12 per request (CDSL Charges))	Pledge Creation Charges : 0.02% or minimum of ₹50
Pledge Creation Confirmation Charges	Pledge Creation Confirmation Charges : ₹20 + ₹12 per request (CDSL Charges))	Pledge Creation Confirmation Charges : If, ICICI Bank is counterparty: 0.02% or minimum of ₹35; If, ICICI Bank is not counterparty: 0.04% or minimum of ₹35
Pledge Invocation Charges	Pledge Invocation Charges : ₹20	Pledge Invocation Charges : If, ICICI Bank is counterparty: 0.02% or minimum of ₹35; If, ICICI Bank is not counterparty: 0.04% or minimum of ₹35
Failed Instruction Charges	Failed Instruction Charges : ₹50 per ISIN	Failed Instruction Charges : ₹30
Other Charges	Other Charges : KYC Modification Request : ₹50	Other Charges : 1. Mailing charges for non periodic statements and other communication, ₹50 for inland and ₹500.0 for foreign address. 2. ₹200 for restoring services if account is suspended for non payment of charges.

Groww vs ICICI Direct Basic Details

Groww Year of Incorporation is 2016 and Total Number of Clients is 324906+ and . ICICI Direct Year of Incorporation is 2000 and Total Number of Clients is 8,78,884 and Total Number of Branches is 154 .

	Groww	ICICI Direct
Year of Incorporation	Year of Incorporation : 2016	Year of Incorporation : 2000
Active Exchange Memberships	Active Exchange Memberships : NSE and BSE	Active Exchange Memberships : NSE, BSE
Demat Services	Demat Services : From CDSL	Demat Services : Yes
Website	Website : https://groww.in/	Website : http://www.icicidirect.com
Contact Details	Contact Details : -	Contact Details : 020-28307700
Total Number of Clients	Total Number of Clients : 324906+	Total Number of Clients : 8,78,884
Total Number of Branches	Total Number of Branches : -	Total Number of Branches : 154
Products *	Products : GROWW MOBILE APP	Products : investment banking, institutional broking, retail broking, private wealth management, and financial product distribution

Groww vs ICICI Direct Charts and Data

Groww and ICICI Direct both offer a host of Charts & Data for better decision making to their clients. Their comparative analysis is in the below table:

	Groww	ICICI Direct
Live data source	Live data source : -	Live data source : NSE, BSE
Advanced Charting tools	Advanced Charting tools : -	Advanced Charting tools : Yes
Multi-Chart Setup	Multi-Chart Setup : -	Multi-Chart Setup : Yes
No.of indicators	No.of indicators : -	No.of indicators : 82
No.of charts can be opened	No.of charts can be opened : -	No.of charts can be opened : 6
Live Scanners	Live Scanners : -	Live Scanners : Yes
Customizable screeners	Customizable screeners : -	Customizable screeners : No
Trading from charts	Trading from charts : -	Trading from charts : No
Compare Symbol performance on Chart	Compare Symbol performance on Chart : -	Compare Symbol performance on Chart : No
Options charts	Options charts : -	Options charts : Yes
Continuous futures charts	Continuous futures charts : -	Continuous futures charts : Yes
Intraday historical data for charts	Intraday historical data for charts : -	Intraday historical data for charts : 20 days
End of Day historical data for charts	End of Day historical data for charts : -	End of Day historical data for charts : 10 years
Corporate action adjusted charts	Corporate action adjusted charts : -	Corporate action adjusted charts : No
Back Testing	Back Testing : -	Back Testing : No
Options Chain	Options Chain : -	Options Chain : Yes
Heat Maps	Heat Maps : -	Heat Maps : Yes
Analytics	Analytics : -	Analytics : Yes
Price Ladder	Price Ladder : -	Price Ladder : No

Groww vs ICICI Direct Leverage

Leverage

	Groww	ICICI Direct
Equity Delivery	Equity Delivery : 1x (no margin)	Equity Delivery : 5x with Interest
Equity Intraday	Equity Intraday : Up to 8x (based on the stock)	Equity Intraday : Upto 25x
Equity Futures	Equity Futures : NA	Equity Futures : 4x
Equity Options	Equity Options : NA	Equity Options : 2x for shorting
Currency Futures	Currency Futures : NA	Currency Futures : NA
Currency Options	Currency Options : NA	Currency Options : NA
Commodity Futures	Commodity Futures : NA	Commodity Futures : NA
Commodity Options	Commodity Options : NA	Commodity Options : -

Groww vs ICICI Direct Orders

Orders

	Groww	ICICI Direct
Cover Orders (CO)	Cover Orders (CO) : NO	Cover Orders (CO) : Yes
Bracket orders / One Cancels Other (BO / OCO)	Bracket orders / One Cancels Other (BO / OCO) : NO	Bracket orders / One Cancels Other (BO / OCO) : No
After Market Orders (AMO)	After Market Orders (AMO) : No	After Market Orders (AMO) : No
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) : No
Good Till Cancelled (GTC) *	Good Till Cancelled (GTC) : No	Good Till Cancelled (GTC) : Yes

Groww vs ICICI Direct Research and Advice / Trading Tips

Research and Advice / Trading Tips

	Groww	ICICI Direct
Equity Trading Recommendation *	Equity Trading Recommendation : No	Equity Trading Recommendation : Yes
Equity Investment Recommendation *	Equity Investment Recommendation : No	Equity Investment Recommendation : Yes
Recommendation basis risk Profile *	Recommendation basis risk Profile : No	Recommendation basis risk Profile : Yes
Comparison *	Comparison : No	Comparison : Yes
Free Tips *	Free Tips : No	Free Tips : Yes
Daily Market report *	Daily Market report : No	Daily Market report : Yes
ETF research *	ETF research : No	ETF research : Yes
Quarterly Results *	Quarterly Results : No	Quarterly Results : Yes

Groww vs ICICI Direct Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	Groww	ICICI Direct
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.25,000 to Rs.2,00,000

Groww vs ICICI Direct Product & Services

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

	Groww	ICICI Direct
Delivery Based Trading *	Delivery Based Trading : Yes	Delivery Based Trading : Yes
Margin Trading *	Margin Trading : NA	Margin Trading : Yes
Call in Trade *	Call in Trade : NA	Call in Trade : Yes
Trading in Both the exchanges *	Trading in Both the exchanges : Yes	Trading in Both the exchanges : Yes
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 : Yes
NRI Services *	NRI Services : NO	NRI Services : Yes
SMS Alerts *	SMS Alerts : YES	SMS Alerts : Yes
Offers Multiple Plan *	Offers Multiple Plan : No	Offers Multiple Plan : Yes
IPO Investment *	IPO Investment : YES	IPO Investment : Yes
Portfolio Analysis *	Portfolio Analysis : NO	Portfolio Analysis : Yes
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 : Yes
Monthly & Yearly Plan *	Monthly & Yearly Plan : No	Monthly & Yearly Plan : No
Aumtomated Trading *	Aumtomated Trading : No	Aumtomated Trading : No

Groww vs ICICI Direct Customer Services

Groww and ICICI Direct 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	ICICI Direct
Toll Free Number *	Toll Free Number : No	Toll Free Number : No
Live Chat Facility *	Live Chat Facility : No	Live Chat Facility : No
Email Facility *	Email Facility : Yes	Email Facility : Yes
Branch Offices *	Branch Offices : No	Branch Offices : Yes
Customer Care *	Customer Care : No	Customer Care : Yes
Community Service *	Community Service : No	Community Service : Yes
Relationship Manager *	Relationship Manager : No	Relationship Manager : -
24/7 Support *	24/7 Support : No	24/7 Support : No

Groww vs ICICI Direct Other Investement

Groww and ICICI Direct 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	ICICI Direct
Commodity Trading *	Commodity Trading : No	Commodity Trading : No
Investment in ETFs *	Investment in ETFs : Yes	Investment in ETFs : Yes
Investment in Mutual Funds *	Investment in Mutual Funds : Yes	Investment in Mutual Funds : Yes
Investment in Bonds *	Investment in Bonds : No	Investment in Bonds : Yes
Investment in Corporate Debt instruments *	Investment in Corporate Debt instruments : No	Investment in Corporate Debt instruments : Yes
Insurance Services *	Insurance Services : No	Insurance Services : Yes
Banking Services *	Banking Services : No	Banking Services : Yes

Groww vs ICICI Direct Trading PlatForm

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

	Groww	ICICI Direct
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 : Yes
I-Pad App *	I-Pad App : Yes	I-Pad App : Yes
Virtual Trading *	Virtual Trading : No	Virtual Trading : Yes
iPhone Mobile App *	iPhone Mobile App : Yes	iPhone Mobile App : Yes

Groww vs ICICI Direct Company Information

	Groww	ICICI Direct
Financials *	Financials : No	Financials : Yes
News *	News : No	News : -
Company Analysis *	Company Analysis : No	Company Analysis : Yes
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