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Both the brokers are registered with SEBI. ICICIDirect offers investmenet in Equity, F&O, Currency and Commodities, where Groww offers investment in Equity, F&O and Currency only. The brokerage of ICICIDirect Max Rs. 20 per trade while the brokerage of Groww ranges between Rs 20. ICICIDirect is a Full Service Broker where Groww is a Discount Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for Groww is 95,38,609 where number of active customer for ICICIDirect is 18,45,202. Groww is serving more customer compare to ICICIDirect.
Here we present side-by-side comparison of ICICIDirect vs Groww share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared ICICIDirect vs Groww's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.
Here we present side-by-side comparison of ICICIDirect vs Groww share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.
To be precise, we have compared ICICIDirect vs Groww's on
This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.
 ICICIDirect |
 Groww |
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|---|---|---|
| Overall Rating | ||
| Brokerage Charges | ||
| Trading Platform | ||
| Investments Offering | ||
| Customer Service | ||
Broker Type
|
Full Service Broker | Discount Broker |
| Exchanges Supported
|
NSE, BSE, MCX | NSE, BSE |
| Active Clients | 18,45,202 | 95,38,609 |
| Broker Overview | ICICIDirect is one of the top-rated full-service stock brokers serving an active clientele base of above 30 lakh. Its multiple trading & investing products, Rs. 20 NEO flat discount brokerage plan, reliable research and advisory, and advanced tec...  |
Groww is the top broker for beginners to invest in direct mutual funds for Free and trade in stocks at a Rs 20 flat fee! Also, its easy-to-use, crystal clear user interface, and safe & secure Groww app and web-based platform makes investing hassl... |
| Broker Enquiry |
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Comparison of ICICIDirect with Groww on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Groww offer Free AMC for Demat account where ICICIDirect charges Rs 300 per annum AMC for Demat account.
| Charges | ICICIDirect | Groww |
|---|---|---|
| Trading Account Opening Fees | Free | Free |
| Trading AMC | Free | Free |
| Demat Account Opening Fees | Free | Free |
| Demat AMC | Rs 300 per annum | Free |
| Provide DP Service |  |
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Plans are the most important feature you look when compare ICICIDirect with Groww. This section compare on high level about type of plans offered by brokers. Multiple Plans - ICICIDirect provide Multiple Plans where Groww doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.
| Plan Types | ICICIDirect | Groww |
|---|---|---|
| Multiple Plans | |
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| Monthly Plans | |
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| Yearly Plans | |
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| Zerodha | Zerodha | |
|---|---|---|
| Account Opening Request |
ICICIDirect Brokerage Plan detail - ICICI Direct NEO is a flat brokerage plan that charges a flat fee of Rs. 20 per order on equity intraday, equity options, currency, and commodity derivative trading segment while offers free equity futures trading.
Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.
| Brokerage Charges Compare | ICICIDirect | Groww |
|---|---|---|
| Plan Name | NEO Flat Discount Brokerage Plan | Flat Brokerage Plan |
| Equity Delivery | 0.55% | 0.05% or Rs 20 whichever is lower |
| Equity Intraday | Flat Rs. 20 per order | 0.05% or Rs 20 whichever is lower |
| Equity Futures | Free (Rs. 0 brokerage) | Flat Fee Rs 20 |
| Equity Options | Flat Rs. 20 per order | Flat Fee Rs 20 |
| Currency Futures | Flat Rs. 20 per order | Not Available |
| Currency Options | Flat Rs. 20 per order | Not Available |
| Commodity Trading | Flat Rs. 20 per order | Not Available |
| Minimum Brokerage | Rs 35 per trade | NIL |
| Hidden Charges | Yes | Info Not Available |
| Funding | Yes - 18% interest PA | Info Not Available |
| Call & Trade Charges | First 20 call free and Rs 25 there onwards. | Rs 50 Per Executable Order |
| Auto Square off Charges | First 20 call free and Rs 25 there onwards. | Rs 50 Per Executable Order |
| Brokerage Calculator | Brokerage Calculator for ICICIDirect | Brokerage Calculator for Groww |
Compare ICICIDirect with Groww on transaction charges and PCM fee by segment.
| Transaction Charges Compare | ICICIDirect | Groww |
|---|---|---|
| Equity Delivery | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr |
| Equity Intraday | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr |
| Equity Futures | NSE:200 Per Cr | BSE:FREE | NSE:200 Per Cr | BSE:FREE |
| Equity Options | NSE:5050 Per Cr | BSE:3700 Per Cr | NSE:5050 Per Cr | BSE:3700 Per Cr |
| Currency Futures | NSE:90 Per Cr | BSE:25 Per Cr | NSE:90 Per Cr | BSE:25 Per Cr |
| Currency Options | NSE:4000 Per Cr | BSE:100 Per Cr | NSE:4000 Per Cr | BSE:100 Per Cr |
| Commodity | NA | NA |
| Brokerage Charges | Complete Brokerage Plans for icicidirect | Complete Brokerage Plans for groww |
Compare ICICIDirect with Groww on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - ICICIDirect offers 3-in-1 account where Groww offers only 2-in-1 account which includes trading and demat account. Algo Trading - both doesn't offers Algo trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - ICICIDirect offers NRI where Groww doesn't offers NRI Trading.
| Account Features Compare | ICICIDirect | Groww |
|---|---|---|
| 3 in 1 Account | |
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| Charting | |
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| Algo Trading | |
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| SMS Alerts | |
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| Online Demo | |
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| Online Portfolio | |
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| Margin Trading Funding Available | |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15PM | 3:10 PM |
| NRI Trading | |
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| Other Features | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect and Groww. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.
| Trading Platform Compare | ICICIDirect | Groww |
|---|---|---|
| Desktop Trading Platform | Trade Racer | Groww App |
| Desktop Demo | Desktop Demo | Info Not Available |
| Desktop Platform (Windows) | |
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| Desktop Platform (Mac) | |
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| Web Trading Platform | |
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| Web Trading Detail | https://www.icicidirect.com | Yes |
| Web Trading Demo | Web Trading Demo | Info Not Available |
| Mobile Site | |
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| Mobile Trading | |
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| Mobile Trading App | ICICI direct Mobile | Groww App |
| Mobile Trading App Demo | ICICI direct Mobile Demo | Info Not Available |
| Android Mobile App | |
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| Android App Download | Andriod ICICI direct Mobile Download | Andriod Groww App Download |
| iPhone Mobile App (IOS) | |
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| iOS App Download | iOS ICICI direct Mobile Download | iOS Groww App Download |
| Android Tablet App | |
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| iPad App (IOS) | |
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| Trading Software Charges | Free | Free |
| Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for ICICIDirect | Equity Intraday and Delivery Brokerage Calculator for Groww |
| Futures Brokerage Calculator | Futures Brokerage Calculator for ICICIDirect | Futures Brokerage Calculator for Groww |
| Options Brokerage Calculator | Options Brokerage Calculator for ICICIDirect | Options Brokerage Calculator for Groww |
| Detail | Detail on Trading Platforms for icicidirect | Detail on Trading Platforms for groww |
| ICICIDirect | Groww | |
|---|---|---|
267 Customer Reviews
 |
7 Customer Reviews
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| Fees Ratings | 2.4 | 4.4 |
| Trading Brokerage Rating | 1.8 | 3.7 |
| Trading Platform Usability | 3.3 | 4.1 |
| Customer Service Ratings | 2.9 | 3.3 |
| Overall Ratings | 2.5 | 4.1 |
| Broker Rating | ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews | Groww is Rated 4.1 / 5 based on 7 customer reviews |
Compare ICICIDirect with Groww on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker don't offers Commodity Trading (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - ICICIDirect provide PMS Service where Groww doesn't offer
| Investment Offerings Compare | ICICIDirect | Groww |
|---|---|---|
| Equity Cash and F&O | |
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| Currency Deravitives | |
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| Commodity | |
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| Online IPO Application | |
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| Mutual Funds | |
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| Bond / NCD | |
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| ETF | |
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| Banking | |
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| Insurance | |
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| Forex | |
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| MF SIP Investment | |
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| Equity SIP Investment | |
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| PMS Service | |
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| Other Investment Options | NIL | NIL |
Order Type - Compare ICICIDirect with Groww on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - ICICIDirect provide Cover Orders (CO) where Groww doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both broker don't have Bracket Orders (BO).With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- ICICIDirect offers After Market Orders where Groww doesn't offers AMO. GTC Orders- ICICIDirect offers Good Till Cancelled (GTC) orders where Groww doesn't support Good Till Cancelled (GTC) orders.
| Order Type Compare | ICICIDirect | Groww |
|---|---|---|
| CNC order | |
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| MIS order | |
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| NRML order | |
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| Cover order | |
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| Bracket order | |
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| AMO-After Market Orders | |
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| GTC-Good Till Cancelled | |
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Compare ICICIDirect with Groww on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.
| Customer Service Compare | ICICIDirect | Groww |
|---|---|---|
| 24/7 Customer Service
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| Email Support
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| Onine Live Chat
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| Phone Support
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| Toll Free Number
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| Through Branches
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| Customer Care Number
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1860 123 1122 | 9108800604 |
| Account Opening Process
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Online | Online |
| Customer Support Email
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[email protected] | [email protected] |
| Knowledge Center/Education
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https://www.icicidirect.com/knowledge-center | https://groww.in/academy |
| Head Office Address
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ICICI Centre, H.T. Parekh Marg, Churchgate, Mumbai - 400020 |
Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034 |
| Website
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https://www.icicidirect.com | https://groww.in/ |
Compare ICICIDirect with Groww on research reports and tips provided by the broker.
| ICICIDirect | Groww | |
|---|---|---|
| Research Mutual Funds
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| Research Equity Reports
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| Research ETF
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| Daily Market Report
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| Free Tips
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| Quarterly Result Analysis
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| News Alerts
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Compare ICICIDirect with Groww on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.
Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.
Demat AMC for Groww is Zero where for ICICIDirect is ₹700 pa.
Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.
Transaction charges on debit of ISIN for ICICIDirect is 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) where for Groww is ₹8 + ₹5.50 CDSL charges.You can see this charges on debit of Equity/Mutual Funds from your demat account.
This section covers about demat charges, demat service and other details
| ICICIDirect | Groww | |
|---|---|---|
| DP Source | CDSL | CDSL |
| DP ID
|
14300 | No |
| Demat Account Annual Maintenance Charges(AMC) | ₹700 pa | Zero |
| Advance Deposit | Rs. 7500/- , If the client is not having ICICI BANK Account | Nil |
| Statutory charges | Nil | Legal Charges |
| Transaction Charges on Debit (Per ISIN) | 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) | ₹8 + ₹5.50 CDSL charges |
| Demat | ₹50 per set up | ₹150 per certificate + courier charges |
| Remat | ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction | ₹150 per certificate + courier charges |
| Pledge Creation | 0.02% (Min ₹35 and Max ₹25,000) | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Creation Confirmation | 0.02% (Min ₹35 and Max ₹25,000) | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Closure | 0.02% (Min ₹35 and Max ₹25,000) | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Closure Confirmation | 0.02% (Min ₹35 and Max ₹25,000) | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Invocation | 0.02% (Min ₹35 and Max ₹25,000) | ₹20 + Rs. 12 per request (CDSL Charges) |
| Failed Instruction Charges | ₹30 per transaction | ₹50 |
| Other Charges | Nil | Nil |
Compare ICICIDirect with Groww on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
| ICICIDirect | Groww | |
|---|---|---|
| Pay In and Pay Out Options
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Pay-in/adding funds - Cheque, Online Bank Transfer from ICICI Bank. Pay-out/Fund Withdrawal - Bank Transfer only. |
pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww Pay-out/Fund Withdrawal - Bank Transfer only |
| Payout Time
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Instant to ICICI Bank. | Max 24 hrs except bank holidays |
| Bank Supported and Charges
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Info Not Available | Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform. |
| Bank Detail | Direct from your ICICI bank account. | Info Not Available |
| Likes |
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| Special Offers/Promo | Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. | |
| Enquiry | Open Zerodha Account Now>> | Open Zerodha Account Now>> |
Last Updated on 2023-09-14T04:34:26+00:00
