Both the brokers are registered with SEBI. TradePlusOnline offers investmenet in Equity, F&O, Currency and Commodities, where Groww offers investment in Equity, F&O and Currency only. The brokerage of TradePlusOnline Max Max Rs 9 per trade while the brokerage of Groww Max Rs 20 per trade. Both the brokers are Discount Brokers. TradePlusOnline is having overall lower rating compare to Groww. TradePlusOnline is rated only 3.5 out of 5 where Groww is rated 4 out of 5. Number of active customer for Groww is 53,73,705 where number of active customer for TradePlusOnline is 13,425. Groww is serving more customer compare to TradePlusOnline.
Here we present side-by-side comparison of TradePlusOnline 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 TradePlusOnline 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 TradePlusOnline 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 TradePlusOnline 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.
|Broker Type||Discount Broker||Discount Broker|
|Exchanges Supported||NSE, BSE, MCX||NSE, BSE|
|Broker Overview||Trade at just Rs. 9/order and enjoy free derivative trading benefits with TradePlus Account. Highlights include a free account, Lifetime zero Demat AMC, and RocketPlus technology-powered app, web, and exe trading platforms.||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...|
Comparison of TradePlusOnline with Groww on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Both broker don't charge any AMC for Demat Account.
|Trading Account Opening Fees||Free||Free|
|Demat Account Opening Fees||Free||Free|
|Provide DP Service|
Plans are the most important feature you look when compare TradePlusOnline with Groww. This section compare on high level about type of plans offered by brokers. Multiple Plans - TradePlusOnline provide Multiple Plans where Groww doesn't offer. Monthly Plans - TradePlusOnline provide Monthly Plans where Groww doesn't offer
|Account Opening Request|
TradePlusOnline Brokerage Plan detail - TradePlus Flat Fee Plan Max Rs 9 Per Trade. This is the lowest brokerage plan offered by a discount broker. You will pay Max Rs 9 for trading in Equity Intraday, Derivatives, Currency and Commodity Trading. Equity Delivery trading is FREE.
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||TradePlusOnline||Groww|
|Plan Name||Smart Flat Brokerage Plan||Flat Brokerage Plan|
|Equity Delivery||Free||0.05% or Rs 20 whichever is lower|
|Equity Intraday||0.05% or Rs 9 whichever is lower||0.05% or Rs 20 whichever is lower|
|Equity Futures||Flat Fee Rs 9||Flat Fee Rs 20|
|Equity Options||Flat Fee Rs 9||Flat Fee Rs 20|
|Currency Futures||Flat Fee Rs 9||Not Available|
|Currency Options||Flat Fee Rs 9||Not Available|
|Commodity Trading||Flat Fee Rs 9||Not Available|
|Hidden Charges||No||Info Not Available|
|Funding||Yes - 24% interest PA||Info Not Available|
|Call & Trade Charges||Rs 75 Per Day Per segment or Rs 1000 for unlimited call n Trade||Rs 50 Per Executable Order|
|Auto Square off Charges||Rs 75 Per Day Per segment or Rs 1000 for unlimited call n Trade||Rs 50 Per Executable Order|
|Brokerage Calculator||Brokerage Calculator for TradePlusOnline||Brokerage Calculator for Groww|
Compare TradePlusOnline with Groww on transaction charges and PCM fee by segment.
|Transaction Charges Compare||TradePlusOnline||Groww|
|Equity Delivery||Rs 335 Per Cr||Rs 335 Per Cr|
|Equity Intraday||Rs 335 Per Cr||Rs 335 Per Cr|
|Equity Futures||Rs 200 Per Cr||Rs 200 Per Cr|
|Equity Options||Rs 5050 Per Cr||Rs 5050 Per Cr|
|Currency Futures||Rs 90 Per Cr||Rs 90 Per Cr|
|Currency Options||Rs 3500 Per Cr||Rs 3500 Per Cr|
|Commodity||Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr||NA|
|Brokerage Charges||Complete Brokerage Plans for tradeplus||Complete Brokerage Plans for groww|
Compare TradePlusOnline with Groww 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 - TradePlusOnline 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 - TradePlusOnline offers NRI where Groww doesn't offers NRI Trading.
|Account Features Compare||TradePlusOnline||Groww|
|3 in 1 Account|
|Margin Trading Funding Available|
|Combined Ledger for Equity and Commodity|
|Intraday Square-off Time||3:15PM||3:10 PM|
|Other Features||Charting & Tech Tools -YES - INFINI POWER - MCX and Equities||NIL|
With our expert research team, we have compared all the major features of Trading platform b/w TradePlusOnline 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||TradePlusOnline||Groww|
|Desktop Trading Platform||Rocketplus|
|Desktop Demo||Desktop Demo||Info Not Available|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|Web Trading Detail||https://infini.tradeplusonline.com/||Yes|
|Web Trading Demo||Web Trading Demo||Info Not Available|
|Mobile Trading App||RocketPlus Mobile Trading App||Yes|
|Mobile Trading App Demo||RocketPlus Mobile Trading App Demo||Info Not Available|
|Android Mobile App|
|Android App Download||Andriod RocketPlus Mobile Trading App Download||Andriod Yes Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS RocketPlus Mobile Trading App Download||iOS Yes Download|
|Android Tablet App|
|iPad App (IOS)|
|Trading Software Charges||Free||Free|
|Equity Brokerage Calculator||Equity Intraday and Delivery Brokerage Calculator for TradePlusOnline||Equity Intraday and Delivery Brokerage Calculator for Groww|
|Futures Brokerage Calculator||Futures Brokerage Calculator for TradePlusOnline||Futures Brokerage Calculator for Groww|
|Options Brokerage Calculator||Options Brokerage Calculator for TradePlusOnline||Options Brokerage Calculator for Groww|
|Detail||Detail on Trading Platforms for tradeplus||Detail on Trading Platforms for groww|
Compare TradePlusOnline 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 - TradePlusOnline 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||TradePlusOnline||Groww|
|Equity Cash and F&O|
|Online IPO Application|
|Bond / NCD|
|MF SIP Investment|
|Equity SIP Investment|
|Other Investment Options||NIL||NIL|
Order Type - Compare TradePlusOnline 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) - TradePlusOnline 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) - TradePlusOnline provide Bracket Orders (BO) where Groww doesn't offer.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)- TradePlusOnline offers After Market Orders where Groww doesn't offers AMO. GTC Orders- TradePlusOnline offers Good Till Cancelled (GTC) orders where Groww doesn't support Good Till Cancelled (GTC) orders.
|Order Type Compare||TradePlusOnline||Groww|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
Compare TradePlusOnline 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||TradePlusOnline||Groww|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||044-49427500 / 080 37017382||9108800604|
|Account Opening Process||Online/Paperless||Online|
|Customer Support Email||[email protected]||[email protected]|
|Head Office Address||Tradeplus Online,
Ganga Griha 4th & 5 th Floor,
No.9 (old No. 6D)
Nungambakkam High Road
Chennai - 600 034
|Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034|
Compare TradePlusOnline with Groww on research reports and tips provided by the broker.
Compare TradePlusOnline 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 TradePlusOnline is ₹900 for Ten Years.
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 TradePlusOnline is 0.02% of transaction value (Min ₹15 and Max ₹200) 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 Account Annual Maintenance Charges(AMC)||₹900 for Ten Years||Zero|
|Statutory charges||Nil||Legal Charges|
|Transaction Charges on Debit (Per ISIN)||0.02% of transaction value (Min ₹15 and Max ₹200)||₹8 + ₹5.50 CDSL charges|
|Demat||₹50 up to five certificate (₹5 per additional certificate) ( Min ₹50)||₹150 per certificate + courier charges|
|Remat||₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹50 request charges||₹150 per certificate + courier charges|
|Pledge Creation||₹15 per transaction||₹20 + Rs. 12 per request (CDSL Charges)|
|Pledge Creation Confirmation||0.02% of the value (Min ₹50)||₹20 + Rs. 12 per request (CDSL Charges)|
|Pledge Closure||0.02% of the value (Min ₹50)||₹20 + Rs. 12 per request (CDSL Charges)|
|Pledge Closure Confirmation||0.02% of the value (Min ₹50)||₹20 + Rs. 12 per request (CDSL Charges)|
|Pledge Invocation||0.02% of the value (Min ₹50)||₹20 + Rs. 12 per request (CDSL Charges)|
|Failed Instruction Charges||₹15||₹50|
Compare TradePlusOnline with Groww on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
|Pay In and Pay Out Options||Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from TradePlusOnline Mobile, INFINI Desktop and INFINI Web application.Cheque payments Rs 15 per cheque.
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||Upto 24 Hrs except Bank Holidays.||Max 24 hrs except bank holidays|
|Bank Supported and Charges||Around 21 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from TradePlusOnline trading platforms.||Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.|
|Bank Detail||NAVIA MARKETS LIMITED,
Bank and Branch: INDUSIND BANK LIMITED, NUNGAMBAKKAM, CHENNAI
Account Type: Current Account
IFSC Code: INDB0000007
|Info Not Available|
Despite brokerage-free mutual fund investment and flat brokerage trading, Groww offers many trading advantages (Pros) pointed as follows;
Limited trading product availability is a key limitation or drawback of trading with Groww. Check out the list of Groww Trading cons as follows;
|Special Offers/Promo||Free Trading account opening for our visitors.|
|Enquiry||Open Zerodha Account Now>>||Open Zerodha Account Now>>|
Last Updated on 2023-05-08T04:24:20+00:00
Free Eq Delivery & MF
Flat ₹20 Per Trade
Free Equity Delivery
Flat ₹20 Per Trade in F&O
Free Account Opening
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade
Free Demat Account
Full-service @ Flat Rate
Flat ₹10 Per Trade
Free Delivery for Lifetime
Flat ₹15 Per Trade in F&O
FREE Account Opening
Trade at Flat ₹20 per Trade
Free Eq Delivery Trades
Flat ₹20 Per Trade in F&O
Flat ₹20 Per Trade
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