Compare 3 Brokers

Groww Vs Marwadi Group: Which one is better?

The brokerage of Groww Max Rs 20 per trade while the brokerage of Marwadi Group ranges between 0.06% to 0.3%. Groww is a Discount Broker where Marwadi Group is a Full Service Broker. Groww is having overall lower rating compare to Marwadi Group. Groww is rated only 3 out of 5 where Marwadi Group is rated 3.5 out of 5.

Here we present side-by-side comparison of Groww vs Marwadi Group share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Groww vs Marwadi Group'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 Groww vs Marwadi Group share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Groww vs Marwadi Group's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

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.

Compare Groww vs Marwadi Group on Service

  Groww Compare
Groww
Marwadi Group Compare
Marwadi Group
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE BSE, NSE, MCX, NCDEX,MCX-SX
Active Clients 13,51,472 1,11,764
Broker Overview Groww app is the best direct mutual fund investment platform at nil brokerage and trade at the maximum chargeable brokerage of Rs. 20 per executed order in stocks and derivatives segment. Marwadi group empowers you with world-renowned research reports, finest trading platform, IPO investment, portfolio management services and so on for successful investment and trading comforts.
Broker Enquiry Open an Online Trading Account with Groww. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Marwadi Group. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare Groww vs Marwadi Group on Trading & Demat Account Opening Charges

Comparison of Groww with Marwadi Group 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 Marwadi Group charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Groww with Marwadi Group
Charges Groww Marwadi Group
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 300 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Groww vs Marwadi Group on Plan Options

Plans are the most important feature you look when compare Groww with Marwadi Group. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Groww with Marwadi Group on Plan Options
Plan Types Groww Marwadi Group
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Groww Marwadi Group
Account Opening Request
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Brokerage Charges

Compare Groww vs Marwadi Group on Brokerage Charges

Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.

Marwadi Group Brokerage Plan detail - This is a standard plan by Marwadi Group.This is % based brokerage plan.Brokerage is between .06% to .3%, which is 6 paisa to 30 paisa per 100 rs.

Brokerage Charges - Compare Groww with Marwadi Group
Brokerage Charges Compare Groww Marwadi Group
Plan Name Flat Brokerage Plan Basic Trading Plan (Percentage Based)
Equity Delivery Free 0.3% or 30 paisa
Equity Intraday Rs. 20 or 0.05% whichever is lower 0.03% or 3 paisa
Equity Futures Not Available 0.03% or 3 paisa
Equity Options Not Available Rs 50 Per Lot
Currency Futures Not Available 0.03% or 3 paisa
Currency Options Not Available Rs 30 Per Lot
Commodity Trading Not Available 0.03% or 3 paisa
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges Rs 50 Per Executable Order Info Not Available
Brokerage Calculator Brokerage Calculator for Groww Brokerage Calculator for Marwadi Group
SPAN Margin Calculator SPAN Margin Calculator for Groww SPAN Margin Calculator for Marwadi Group
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Share Broker's Transaction Charges

Compare Groww vs Marwadi Group on Transaction Charges

Compare Groww with Marwadi Group on transaction charges and PCM fee by segment.

Transaction Charges - Compare Groww with Marwadi Group
Transaction Charges Compare Groww Marwadi Group
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures NA Rs 190 Per Cr
Equity Options NA Rs 5000 Per Cr
Currency Futures NA Rs 110 Per Cr
Currency Options NA Rs 4000 Per Cr
Commodity NA Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for groww Complete Brokerage Plans for marwadi-group
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Account Features

Compare Groww vs Marwadi Group on Account Features

Compare Groww with Marwadi Group on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - Marwadi Group offers Algo Trading where Groww doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - both doesn't offer NRI Trading facility.

Account Features - Groww with Marwadi Group
Account Features Compare Groww Marwadi Group
3 in 1 Account No Groww have 2-in-1 account. Only Demate and Trading account. No Groww have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts No Yes
Online Demo No Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:10 PM 3:15PM
NRI Trading No No
Other Features NIL NIL
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Trading Platform

Compare Groww vs Marwadi Group on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Groww and Marwadi Group. 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 Groww with Marwadi Group
Trading Platform Compare Groww Marwadi Group
Desktop Trading Platform Marwadi ODIN Diet
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail Yes https://mtrade.marwadionline.com/html5/
Web Trading Demo Info Not Available Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Yes MSFL Connect
Mobile Trading App Demo Info Not Available Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Yes Download Andriod MSFL Connect Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Yes Download iOS MSFL Connect Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Groww Equity Intraday and Delivery Brokerage Calculator for Marwadi Group
Futures Brokerage Calculator Futures Brokerage Calculator for Groww Futures Brokerage Calculator for Marwadi Group
Options Brokerage Calculator Options Brokerage Calculator for Groww Options Brokerage Calculator for Marwadi Group
Detail Detail on Trading Platforms for groww Detail on Trading Platforms for marwadi-group
Zerodha Online Branch Offices
Upstox Online Branch Offices
5paisa Online Branch Offices
Angel Broking Online Branch Offices

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Broker Ratings by Users

Compare Groww vs Marwadi Group on User Rating

  Groww Marwadi Group
  1 Customer Reviews    Rate Groww 2 Customer Reviews    Rate Marwadi Group
Fees Ratings 4.0 2.0
Trading Brokerage Rating 3.0 2.0
Trading Platform Usability 5.0 2.0
Customer Service Ratings 1.0 1.5
Overall Ratings Rated 5.0 stars Rated 2.5 stars
Broker Rating Groww is Rated 5.0 / 5 based on 1 customer reviews Marwadi Group is Rated 2.5 / 5 based on 2 customer reviews
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Investment Offerings

Compare Groww vs Marwadi Group on Investment Offerings

Compare Groww with Marwadi Group 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 - Marwadi Group offers trading options in Commodity (MCX) where Groww doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Groww with Marwadi Group
Investment Offerings Compare Groww Marwadi Group
Equity Cash and F&O Yes Yes
Currency Deravitives No Yes
Commodity No Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD No Yes
ETF Yes Yes
Banking No No
Insurance No Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL Life & General Insurance
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Order Types

Compare Groww vs Marwadi Group on Order Types

Order Type - Compare Groww with Marwadi Group 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) - Both broker don't have Cover Orders (CO).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)- Marwadi Group offers After market orders where Groww doesn't offers AMO. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Groww with Marwadi Group
Order Type Compare Groww Marwadi Group
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order No No
Bracket order No No
AMO-After Market Orders No Yes
GTC-Good Till Cancelled No No
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Margin/Leverage

Compare Groww vs Marwadi Group on Margin/Leverage

Compare Groww with Marwadi Group on Exposure/Margin offered by the broker. We have compared Margin/Exposure in Equity Delivery, Intraday Products, Futures, Options, Equity Cover Orders, Futures & Options Cover Orders and Commodity Trading.

Exposure/margin - Compare Groww with Marwadi Group
Margin Product Compare Groww Marwadi Group
Equity Delivery Margin Groww vs Marwadi Group - Equity Delivery Margin No, Groww don't provide any margin/leverage for delivery/carry forward positions. Info Not Available
Equity Intraday Margin Groww vs Marwadi Group - Equity Intraday Margin Up to 14x margin for Intraday leverage for equity. Up to 10x or 10% subject to Var and ELM.
Futures Margin Groww vs Marwadi Group - Futures Margin Info Not Available 1x means actual SPAN + Exposure.
Options Margin Groww vs Marwadi Group - Options Margin Info Not Available 1x means actual SPAN + Exposure in Sell and Premium Margin in Buy.
Equity CO Margin Groww vs Marwadi Group - Equity CO Margin Info Not Available Up to 10x or 10% subject to Var and ELM, no additioanl margin for Cover Order.
Futures CO Margin Groww vs Marwadi Group - Futures CO Margin Info Not Available 1x means actual SPAN + Exposure margin, No additional Margin for Futures Cover Order.
Options CO Margin Groww vs Marwadi Group - Options CO Margin Info Not Available 1x means actual SPAN + Exposure margin(Sell) or Premium Margin(Buy), No additional Margin for Options Cover Order.
Commodity Margin Groww vs Marwadi Group - Commodity Margin Info Not Available 1x means actual SPAN + Exposure in Sell and Premium Margin in Buy.
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Customer Service Offered

Compare Groww vs Marwadi Group on Customer Service

Compare Groww with Marwadi Group 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 Support - Compare Groww with Marwadi Group
Customer Service Compare Groww Marwadi Group
24/7 Customer Service Groww vs Marwadi Group - 24x7 customer support No No
Email Support Groww vs Marwadi Group - Email Support Yes Yes
Onine Live Chat Groww vs Marwadi Group - Onine Live Chat Yes No
Phone Support Groww vs Marwadi Group - Phone Support No Yes
Toll Free Number Groww vs Marwadi Group - Toll Free Number No No
Through Branches Groww vs Marwadi Group - Through Branches No Yes
Customer Care Number Groww vs Marwadi Group - Customer Care Number Info Not Available Info Not Available
Account Opening Process Groww vs Marwadi Group - Account Opening Process Online Info Not Available
Customer Support Email Groww vs Marwadi Group - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education Groww vs Marwadi Group - Knowledge Center/Education https://groww.in/questions Info Not Available
Head Office Address Groww vs Marwadi Group - Head Office Address/Corporate Address Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Info Not Available
Website Groww vs Marwadi Group - Company Website https://groww.in/ Info Not Available
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Tips/Research/Reports Published

Compare Groww vs Marwadi Group on Research Reports, Tips

Compare Groww with Marwadi Group on research reports and tips provided by the broker.

Research Reports - Compare Groww with Marwadi Group
  Groww Marwadi Group
Research Mutual Funds Groww vs Marwadi Group - Research Mutual Funds No Yes
Research Equity Reports Groww vs Marwadi Group - Research Equity Reports No Yes
Research ETF Groww vs Marwadi Group - Research ETF No Yes
Daily Market Report Groww vs Marwadi Group - Daily Market Report No Yes
Free Tips Groww vs Marwadi Group - Free Tips No Yes
Quarterly Result Analysis Groww vs Marwadi Group - Quarterly Results No Yes
News Alerts Groww vs Marwadi Group - No Yes
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Demat Account

Compare Groww vs Marwadi Group on Demat Account

Compare Groww with Marwadi Group on Demat Service and Charges. This section covers about demat charges, demat service and other details

Demat Charges - Compare Groww with Marwadi Group
  Groww Marwadi Group
DP Source CDSL
DP ID Groww vs Marwadi Group - DP ID No No
Demat Account Annual Maintenance Charges(AMC) ₹250 pa
Advance Deposit NA-NA-NA-NA-NA-NA-NA-2250#-3600#-NA-NA-NA-2250#-2250#-NA-NA
Statutory charges Nil
Transaction Charges on Debit (Per ISIN) ₹25
Demat ₹3 per certificate
Remat ₹25 per certificate
Pledge Creation ₹50
Pledge Creation Confirmation Nil
Pledge Closure ₹20
Pledge Closure Confirmation Nil
Pledge Invocation ₹25
Failed Instruction Charges ₹15
Other Charges Nil

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Special Offers,Advantages,Disadvantages

Compare Groww vs Marwadi Group on Special Offers and Promotion

Compare Groww with Marwadi Group on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Groww vs Marwadi Group on Special Offers and Promotion
  Groww Marwadi Group
Pay In and Pay Out Options Groww vs Marwadi Group - Pay In and Pay Out Options pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww
Pay-out/Fund Withdrawal - Bank Transfer only
Info Not Available
Payout Time Groww vs Marwadi Group - Payout Time Max 24 hrs except bank holidays Info Not Available
Bank Supported and Charges Groww vs Marwadi Group - Bank Supported and Charges Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform. Info Not Available
Bank Detail Info Not Available Info Not Available
Likes

Detail Review...

Research reports, branch office.

Detail Review...

Dislikes
  • Limited investment product as people can’t trade in commodity and currency segment.
  • Residents can’t open Groww 3-in-1 account (Demat + Trading + Bank account).
  • NRI trading is not available.
  • No call centers anywhere or no toll-free number.
  • Call & Trade is not offered.
  • No offline presence due to the absence of a physical branch office.

Detail Review...

No online support, Plans are not available on website, Major presence in Gujarat only.

Detail Review...

Special Offers/Promo
Enquiry Enquire about Groww Enquire about Marwadi Group

Last Updated on 2021-01-19T03:04:15+00:00


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