Zerodha Vs Groww: Friends, today, 3 out of 4 people are trading in the stock market, and in the field of trading, we get to see two such platforms nowadays whose names are discussed a lot, out of which the first is Zerodha and the second is Groww. If you are also interested in trading and want to start trading, then this question must come to your mind: Which platform is better among popular platforms like Zerodha and Groww? Let us tell you that with the help of today’s article, we will compare the different features and services of these two platforms and tell you which is better so that you can make the right decision to start your trading journey.
What are Zerodha and Groww?
Zerodha is India’s largest discount brokerage platform, which was started in 2010 by Nitin Kamath. Zerodha is known for its low brokerage rates and various professional trading tools. The main objective of the Zerodha platform is to provide active traders and experienced investors with the facility to deal with financial products.
If we tell you in detail about the Groww platform, it is an emerging investment platform started in 2017. This platform became more famous for mutual funds, but the stock trading facility has also begun in the last few years. The main focus of this platform is on new investors who want to invest in a simple and user-friendly experience.
Comparison of interfaces of Zerodha and Groww
Regarding the interface of the Zerodha platform, Zerodha’s Kite platform is designed for professional traders. The interface of this platform is amicable and customizable. We can use many charts and market analysis tools on this platform, but it is difficult for new users.
The user experience of the Groww platform is quite simple and easy compared to Zerodha. If you start trading for the first time, this platform will be very friendly, and you will understand it quickly. This platform’s menu and investing options are straightforward, which you will understand very easily.
Comparison of Features of Zerodha and Groww
Talking about the features of Zerodha, let us tell you that in Zerodha, we get to see many different advanced tools you can use for professional trading. Zerodha’s Kite platform provides us with other tools like live charts, technical analysis, and automated trading.
The features and tools of the Groww platform are much less than those of Zerodha. This platform is perfect for new investors, but if you want professional trading, you should go with Zerodha because Groww is a little weaker than Zerodha.
Comparison of Brokerage Charges of Zerodha and Groww
Zerodha is a discount brokerage platform, which means it charges very little. There is no brokerage charge for equity delivery trades, whereas, for intraday and F&O, it is 0.03% or ₹20 per order, which is very low.
Brokerage charges of the Groww platform are also shallow. This platform also charges ₹0 for equity delivery, whereas for intraday and F&O, it is 0.05% or ₹20 per order. If both platforms are compared, there is a minor difference in the brokerage charges, but Zerodha is slightly cheaper.
Investment Options of Zerodha and Groww
The Zerodha platform allows us to invest in stocks, mutual funds, bonds, commodities, and derivatives. Apart from this, you can also invest in an IPO with the help of Zerodha. Compared to the Groww platform, we see more investing options in Zerodha.
Groww platform originally became famous for mutual funds, but Groww has also started facilities like stocks, F&O, and IPO. However, compared to Zerodha, the Groww platform is still a bit limited.
Performance of Zerodha and Groww mobile apps
The Kite app provided by the Zerodha platform is compelling. This app gives live market data and advanced charting options, which we can use for trading. However, new users may take some time to understand this Kite app.
Groww’s mobile app is very intuitive and straightforward, and it is a very user-friendly app for new investors.
How to Open Groww & Zerodha Demat Account
Investors can open a demat account in two ways, online and offline. Here, we have told you all about opening a demat account online.
- First of all, open your trading app, and now click on Open Demat Account.
- Submit important documents like your PAN card, Aadhaar card, and all other essential documents.
- You will receive OTP on the mobile number registered with your Aadhaar and PAN cards; enter it.
- After the completion of E-KYC, your Demat account will be opened.
Although both platforms are excellent for new traders, Zerodha is an ancient trading app so that we will stick to Zerodha.
Yes, both Zerodha and Groww are safe trading platforms.
Yes, you can do SIP through the Groww trading app.
Zerodha is a great app for intraday trading.
My name is Vijay Kant Sharma, and I have been providing stock market news to all my readers for the last three years. I have shared stock market articles on many websites in my career. This time, I will provide you with all the information about the Indian stock market on Groww Stock.
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