TopShareBrokers.com Logo
FREE Account Opening + Zero AMC Fees* + MutualFund SIP
Loading...

ICICIDirect Vs Groww: Which one is better?

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 51,65,760 where number of active customer for ICICIDirect is 26,86,765. 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

  • 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 ICICIDirect vs Groww on Service

  ICICIDirect Compare
ICICIDirect
Groww Compare
Groww
Overall Rating Rated 4 stars Rated 4 stars
Brokerage Charges Rated 2.5 stars Rated 4.5 stars
Trading Platform Rated 4.5 stars Rated 4 stars
Investments Offering Rated 5 stars Rated 4 stars
Customer Service Rated 4 stars Rated 4 stars
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX NSE, BSE
Active Clients 26,86,765 51,65,760
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... Know more about ICICIDirect Groww is the top broker for beginners with a crystal clear user interface-enabled safe & secure Groww App & a web-based platform to invest in direct mutual funds for free and trade-in equity & derivatives segment at Rs. 20/order flat brok...Know more about Groww
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
Expand

Account Opening Charges and AMC

Compare ICICIDirect vs Groww on Trading & Demat Account Opening Charges

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.

Trading & Demat Account Opening Charges - Compare ICICIDirect with Groww
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 Yes Yes
Expand

About Brokerage Plans

Compare ICICIDirect vs Groww on Plan Options

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.

Compare ICICIDirect with Groww on Plan Options
Plan Types ICICIDirect Groww
Multiple Plans Yes No
Monthly Plans No No
Yearly Plans No No
Expand

Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
Expand

Brokerage Charges

Compare ICICIDirect vs Groww on Brokerage Charges

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 with Groww
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
Expand

Share Broker's Transaction Charges

Compare ICICIDirect vs Groww on Transaction Charges

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

Transaction Charges - Compare ICICIDirect with Groww
Transaction Charges Compare ICICIDirect Groww
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 190 Per Cr Rs 210 Per Cr
Equity Options Rs 5000 Per Cr Rs 5500 Per Cr
Currency Futures Rs 100 Per Cr NA
Currency Options Rs 4000 Per Cr NA
Commodity NA NA
Brokerage Charges Complete Brokerage Plans for icicidirect Complete Brokerage Plans for groww
Expand

Account Features

Compare ICICIDirect vs Groww on Account Features

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

Trading Platform

Compare ICICIDirect vs Groww on Trading Platform

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 with Groww
Trading Platform Compare ICICIDirect Groww
Desktop Trading Platform Trade Racer
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes No
Desktop Platform (Mac) Yes No
Web Trading Platform Yes Yes
Web Trading Detail https://www.icicidirect.com Yes
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App ICICI direct Mobile Yes
Mobile Trading App Demo ICICI direct Mobile Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod Yes Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS ICICI direct Mobile Download iOS Yes Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
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

Expand

Broker Ratings by Users

Compare ICICIDirect vs Groww on User Rating

  ICICIDirect Groww
  267 Customer Reviews    Rate ICICIDirect 6 Customer Reviews    Rate Groww
Fees Ratings 2.4 4.3
Trading Brokerage Rating 1.8 4.0
Trading Platform Usability 3.3 4.3
Customer Service Ratings 2.9 3.5
Overall Ratings Rated 2.5 stars Rated 4.5 stars
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews Groww is Rated 4.5 / 5 based on 6 customer reviews
Expand

Investment Offerings

Compare ICICIDirect vs Groww on Investment Offerings

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 with Groww
Investment Offerings Compare ICICIDirect Groww
Equity Cash and F&O Yes Yes
Currency Deravitives Yes No
Commodity No No
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking Yes No
Insurance Yes No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes No
PMS Service Yes No
Other Investment Options NIL NIL
Expand

Order Types

Compare ICICIDirect vs Groww on Order Types

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 Types - Compare ICICIDirect with Groww
Order Type Compare ICICIDirect Groww
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order No No
AMO-After Market Orders Yes No
GTC-Good Till Cancelled Yes No
Expand

Customer Service Offered

Compare ICICIDirect vs Groww on Customer Service

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 Support - Compare ICICIDirect with Groww
Customer Service Compare ICICIDirect Groww
24/7 Customer Service ICICIDirect vs Groww - 24x7 customer support No No
Email Support ICICIDirect vs Groww - Email Support Yes Yes
Onine Live Chat ICICIDirect vs Groww - Onine Live Chat No Yes
Phone Support ICICIDirect vs Groww - Phone Support Yes Yes
Toll Free Number ICICIDirect vs Groww - Toll Free Number No No
Through Branches ICICIDirect vs Groww - Through Branches Yes No
Customer Care Number ICICIDirect vs Groww - Customer Care Number 1860 123 1122 9108800604
Account Opening Process ICICIDirect vs Groww - Account Opening Process Online Online
Customer Support Email ICICIDirect vs Groww - Customer Support Email [email protected] [email protected]
Knowledge Center/Education ICICIDirect vs Groww - Knowledge Center/Education https://www.icicidirect.com/knowledge-center https://groww.in/academy
Head Office Address ICICIDirect vs Groww - Head Office Address/Corporate Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai – 400020
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website ICICIDirect vs Groww - Company Website https://www.icicidirect.com https://groww.in/
Expand

Tips/Research/Reports Published

Compare ICICIDirect vs Groww on Research Reports, Tips

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

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

Demat Account

Compare ICICIDirect vs Groww on Demat Account

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

Demat Charges - Compare ICICIDirect with Groww
  ICICIDirect Groww
DP Source CDSL CDSL
DP ID ICICIDirect vs Groww - 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

Expand

Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs Groww on Special Offers and Promotion

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

Compare ICICIDirect vs Groww on Special Offers and Promotion
  ICICIDirect Groww
Pay In and Pay Out Options ICICIDirect vs Groww - Pay In and Pay Out Options 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 ICICIDirect vs Groww - Payout Time Instant to ICICI Bank. Max 24 hrs except bank holidays
Bank Supported and Charges ICICIDirect vs Groww - Bank Supported and Charges 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
  • 100% digital and paperless 3-in-1 account opening facility.
  • Trade on the BSE, NSE, MCX, and invest in other products.
  • Multiple brokerage plans for residents and NRI trading.
  • All kinds of trading platforms across web, app, and desktop versions.
  • Invest in mutual funds for free with ICICIdirect Money App.
  • Expert research calls and recommendations.
  • Sell stocks and get cash instantly with the e-ATM facility.
  • Advanced orders like bracket order, cover order, after market order, and basket order.
  • Place Valid Till Cancelled (VTC) order, valid for 45 days.
  • Informative articles, blogs, videos, learn hub, and Investonomics learning platform for beginners.
  • Margin funding
  • Loans on securities.
  • Dedicated customer services.

Detail Review...

Despite brokerage-free mutual fund investment and flat brokerage trading, Groww offers many trading advantages (Pros) pointed as follows;

  • Pay Rs. 20 flat brokerage charges.
  • Zero account opening fees on Groww Trading & Demat Account.
  • Zero Demat account maintenance charges.
  • Free direct mutual fund investment at nil brokerage and get an extra upto 1.5% return.
  • Easy-to-use, safe, and reliable Groww App and Web platform.
  • Apply for IPO online via UPI.
  • Invest in digital gold, US stocks, US ETFs, and FDs.
  • Get the latest trending news and updates on the Groww Digest.
  • Groww Academy is a 100% free learning platform for beginners.
  • Zero fixed charges.
  • Zero hidden charges.

Detail Review...

Dislikes
  • High brokerage charges.
  • The broker levies a minimum brokerage fee, which varies across brokerage plans.
  • NEO flat discount brokerage plan (Rs. 20) charges a one-time subscription fee of Rs. 299.
  • Mutual fund investment with ICICIDirect is not free, as it charges a lower of Rs. 30 or 1.5% on SIP transaction and Rs. 100 fees on lumpsum investment.

Detail Review...

Limited trading product availability is a key limitation or drawback of trading with Groww. Check out the list of Groww Trading cons as follows;

  • Groww does not offer commodity and currency trading.
  • Groww does not provide research, trading tips, and recommendations.
  • NRIs cannot open Groww account.
  • Advanced orders like Bracket order, Cover order, GTT, and AMO order is unavailable.
  • Delivery trading is not free.
  • No call & trade facility.
  • No margin trading.

Detail Review...

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 2022-12-20T01:09:17+00:00