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ICICIDirect Vs Kotak Securities Vs Groww: Which one is better?

The brokerage of ICICIDirect ranges between Rs. 20, the brokerage of Kotak Securities ranges between Rs. 20 per order, while the brokerage of Groww ranges between Rs 20. The broker ICICIDirect and Kotak Securities are full service brokers where Groww is a discount broker. Overall rating for ICICIDirect is 4, Kotak Securities is rated 4, Groww is rated 4 out of 5.

Here we present side-by-side comparison of ICICIDirect vs Kotak Securities vs Groww stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared ICICIDirect vs Kotak Securities vs Groww on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better ICICIDirect vs Kotak Securities vs Groww in this setion with 360 degree view of broker information.

Compare ICICIDirect vs Kotak Securities vs Groww on Service

  ICICIDirect Compare
ICICIDirect
Kotak Securities Compare
Kotak Securities
Groww Compare
Groww
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Full Service Broker Full Service Broker Discount Broker
Exchanges Supported NSE, BSE, MCX BSE, NSE, MCX, NCDEX NSE, BSE
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 Kotak Securities is one of the leading stock brokers in India. From a comprehensive suite of trading and investing products to free intraday trading, multiple brokerage plans, a new-gen Neo web and app platform, cutting-edge trading tools, and expert...Know more about Kotak Securities 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... Know more about Groww
Broker Enquiry Request call back from Zerodha Request call back from Kotak Securities Request call back from Zerodha
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Account Opening Charges and AMC

Compare ICICIDirect vs Kotak Securities vs Groww on Trading & Demat Account Opening Charges

In this section we have compared ICICIDirect vs Kotak Securities vs Groww on trading & demat account opening charges and AMC. Trading account opening charges - ICICIDirect and Groww offer Free account opening where Kotak Securities charges Rs 99 for account opeing. Demat AMC charges - ICICIDirect charges Rs 300 per annum as AMC for Demat account, Kotak Securities charges Rs 600 PA AMC for Demat account, where Groww charges Free AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect vs Kotak Securities vs Groww
Charges ICICIDirect Kotak Securities Groww
Trading Account Opening Fees Free Rs 99 Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 300 per annum Rs 600 PA Free
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare ICICIDirect vs Kotak Securities vs Groww on Plan Options

Plans are the most important feature you look when compare ICICIDirect vs Kotak Securities vs Groww. This section copare on high level about type of plans offered by brokers. Miltiple Plans - ICICIDirect and Kotak Securities offers Multiple Plans where Groww doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.

Compare ICICIDirect vs Kotak Securities vs Groww on Plan Options
Plan Types ICICIDirect Kotak Securities Groww
Multiple Plans Yes Yes No
Monthly Plans No No No
Yearly Plans No No No
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Account Opening Request

Account Opening

  Zerodha Kotak Securities Zerodha
Account Opening Request
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Brokerage Charges

Compare ICICIDirect vs Kotak Securities vs Growwon 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.

Kotak Securities Brokerage Plan detail - Kotak Securities Trade Free Plan offers Free or Zero brokerage intraday trading in all segments whereas delivery trading is charged at 0.25% or Rs 20 whichever is higher. The plan is available for Rs 499 One Time fee.

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 vs Kotak Securities vs Groww
Brokerage Charges Compare ICICIDirect Kotak Securities Groww
Plan Name NEO Flat Discount Brokerage Plan Kotak Securities Trade Free Plan Flat Brokerage Plan
Equity Delivery 0.55% 0.25% 0.05% or Rs 20 whichever is lower
Equity Intraday Flat Rs. 20 per order Free 0.05% or Rs 20 whichever is lower
Equity Futures Free (Rs. 0 brokerage) Delivery: Flat fee Rs. 20 per order| Intraday: Fre Flat Fee Rs 20
Equity Options Flat Rs. 20 per order Delivery: Flat fee Rs. 20 per order| Intraday: Free Flat Fee Rs 20
Currency Futures Flat Rs. 20 per order Delivery: Flat fee Rs. 20 per order| Intraday: Fre Not Available
Currency Options Flat Rs. 20 per order Delivery: Flat fee Rs. 20 per order| Intraday: Fre Not Available
Commodity Trading Flat Rs. 20 per order Delivery: Flat fee Rs. 20 per order| Intraday: Fre Not Available
Minimum Brokerage Rs 35 per trade Rs 21 per executed order
Hidden Charges Yes No
Funding Yes - 18% interest PA 12.49% interest PA NA
Call & Trade Charges First 20 call free and Rs 25 there onwards. 20 calls free and after that Rs 20 per call Rs 50 Per Executable Order
Auto Square off Charges First 20 call free and Rs 25 there onwards. 20 calls free and after that Rs 20 per call Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for ICICIDirect Brokerage Calculator for Kotak Securities Brokerage Calculator for Groww
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Share Broker's Transaction Charges

Compare ICICIDirect vs Kotak Securities vs Groww on Transaction Charges

Compare ICICIDirect vs Kotak Securities vs Groww on transaction charges and PCM fee by segment.

Transaction Charges - Compare ICICIDirect vs Kotak Securities vs Groww
Transaction Charges Compare ICICIDirect Kotak Securities Groww
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr 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 NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE 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 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 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 NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr NA
Brokerage Charges Complete Brokerage Plans for icicidirect Complete Brokerage Plans for kotak-securities Complete Brokerage Plans for groww
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Account Features

Compare ICICIDirect vs Kotak Securities vs Groww on Account Features

Compare ICICIDirect vs Kotak Securities vs Groww on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - ICICIDirect and Kotak Securities offers 3-in-1 Account where Groww offers only 2-in-1 account which includes trading and demat account. Margin Funding -All 3 brokers offers Margin funding. Interest need to be paid on borrowed money. NRI Trading - ICICIDirect and Kotak Securities offers NRI Trading where Groww doesn't offers NRI Trading.

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

Compare ICICIDirect vs Kotak Securities vs Growwon Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect vs Kotak Securities vs Groww. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.

Trading Platform - Compare ICICIDirect vs Kotak Securities vs Groww
Trading Platform Compare ICICIDirect Kotak Securities Groww
Desktop Trading Platform Trade Racer Neo Groww App
Desktop Demo Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes No
Desktop Platform (Mac) Yes No No
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://www.icicidirect.com

https://www.kotaksecurities.com/itrade/user/welcome.exe?action=chk_seckey_stat

Yes

Web Trading Demo Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes No Yes
Mobile Trading Yes Yes Yes
Mobile Trading App ICICI direct Mobile Kotak Neo Groww App
Mobile Trading App Demo ICICI direct Mobile Demo Kotak Neo Demo Info Not Available
Android Mobile App Yes Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod Kotak Neo Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS ICICI direct Mobile Download iOS Kotak Neo Download iOS Groww App Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Free Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for ICICIDirect Equity Intraday and Delivery Brokerage Calculator for Kotak Securities Equity Intraday and Delivery Brokerage Calculator for Groww
Futures Brokerage Calculator Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for Kotak Securities Futures Brokerage Calculator for Groww
Options Brokerage Calculator Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for Kotak Securities Options Brokerage Calculator for Groww
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for kotak-securities Detail on Trading Platforms for groww

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Broker Ratings by Users

Compare ICICIDirect vs Kotak Securities vs Groww on User Rating

  ICICIDirect Kotak Securities Groww
  267 Customer Reviews    Rate ICICIDirect 82 Customer Reviews    Rate Kotak Securities 8 Customer Reviews    Rate Groww
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews Kotak Securities is Rated 2.8 / 5 based on 82 customer reviews Groww is Rated 4.3 / 5 based on 8 customer reviews
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Investment Offerings

Compare ICICIDirect vs Kotak Securities vs Groww on Investment Offerings

Compare ICICIDirect vs Kotak Securities vs 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 - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Kotak Securities offers Commodity Trading where ICICIDirect and Groww doesn't offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - ICICIDirect and Kotak Securities offers PMS facility where Groww doesn't offers PMS facility.

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

Compare ICICIDirect vs Kotak Securities vs Groww on Order Types

Order Type - Compare ICICIDirect vs Kotak Securities vs Groww on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - ICICIDirect and Kotak Securities provides Cover Orders (CO) facility where Groww doesn't provides Cover Orders. Bracket Orders (BO) - Kotak Securities provides Bracket Orders (BO) facility where ICICIDirect and Groww doesn't provides Bracket Orders. After Market Orders (AMO) - ICICIDirect and Kotak Securities AMO facility where Groww doesn't provides AMO. GTC Orders - ICICIDirect and Kotak Securities offers Good Till Cancelled (GTC) orders facility where Groww doesn't provides GTC.

Order Types - Compare ICICIDirect vs Kotak Securities vs Groww
Order Type Compare ICICIDirect Kotak Securities Groww
CNC order Yes Yes Yes
MIS order Yes Yes Yes
NRML order Yes Yes Yes
Cover order Yes Yes No
Bracket order No Yes No
AMO-After Market Orders Yes Yes No
GTC-Good Till Cancelled Yes Yes No
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Customer Service Offered

Compare ICICIDirect vs Kotak Securities vs Groww on Customer Service

Compare ICICIDirect vs Kotak Securities vs Groww on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare ICICIDirect vs Kotak Securities vs Groww
Customer Service Compare ICICIDirect Kotak Securities Groww
24/7 Customer Service No No No
Email Support Yes Yes Yes
Onine Live Chat No Yes Yes
Phone Support Yes Yes Yes
Toll Free Number No Yes No
Through Branches Yes Yes No
Customer Care Number 1860 123 1122 1800 209 9191 9108800604
Account Opening Process Online Online Online
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://www.icicidirect.com/knowledge-center https://www.kotaksecurities.com/ksweb/Research/Knowledge-Bank/Investment-Knowlegde-Bank https://groww.in/academy
Head Office Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai - 400020
27 BKC, C 27, G Block,
Bandra Kurla Complex,
Bandra (E), Mumbai 400051
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website https://www.icicidirect.com https://www.kotaksecurities.com https://groww.in/
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Tips/Research/Reports Published

Compare ICICIDirect vs Kotak Securities vs Groww on Research Reports, Tips

Compare ICICIDirect vs Kotak Securities vs Groww on research reports and tips provided by broker.

Research Reports - Compare ICICIDirect vs Kotak Securities vs Groww
  ICICIDirect Kotak Securities Groww
Research Mutual Funds Yes Yes No
Research Equity Reports Yes Yes No
Research ETF Yes Yes No
Daily Market Report Yes Yes No
Free Tips Yes Yes No
Quarterly Result Analysis Yes Yes No
News Alerts Yes Yes No
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Demat Account

Compare ICICIDirect vs Kotak Securities vs Groww on Demat Account

Compare ICICIDirect vs Kotak Securities vs Groww on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare ICICIDirect vs Kotak Securities vs Groww
  ICICIDirect Kotak Securities Groww
DP Source CDSL CDSL CDSL
DP ID 14300 49200 No
Demat Account Annual Maintenance Charges(AMC) ₹700 pa ₹780 pa Zero
Advance Deposit Rs. 7500/- , If the client is not having ICICI BANK Account NA Nil
Statutory charges Nil Nil Legal Charges
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) 0.04% (Min ₹27) + CDSL charges ₹8 + ₹5.50 CDSL charges
Demat ₹50 per set up ₹3 per certificate + ₹50 courier charges ₹150 per certificate + courier charges
Remat ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹10 for every hundred securities (Min ₹15) ₹150 per certificate + courier charges
Pledge Creation 0.02% (Min ₹35 and Max ₹25,000) 0.05% of transaction value (Min ₹30) ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation 0.02% (Min ₹35 and Max ₹25,000) 0.05% of transaction value (Min ₹30) ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure 0.02% (Min ₹35 and Max ₹25,000) 0.05% of transaction value (Min ₹30) ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation 0.02% (Min ₹35 and Max ₹25,000) 0.05% of transaction value (Min ₹30) ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation 0.02% (Min ₹35 and Max ₹25,000) 0.05% of transaction value (Min ₹30) ₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges ₹30 per transaction Nil ₹50
Other Charges Nil Nil Nil
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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs Kotak Securities vs Groww on Special Offers and Promotion

Compare ICICIDirect vs Kotak Securities vs Groww on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare ICICIDirect vs Kotak Securities vs Groww on Special Offers and Promotion
  ICICIDirect Kotak Securities 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, Online Bank Transfer from Partnerbanks (ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya 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 Instant to ICICI Bank. Upto 24 Hrs except Bank Holidays. Instant fund transfer with Kotak Mahindra Bank. Max 24 hrs except bank holidays
Bank Supported and Charges Info Not Available (ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya Bank Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.
Bank Detail Direct from your ICICI bank account. Direct from your Kotak Mahindra bank account. NA
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...

  • Wide range of products from equity to F&O, IPO, debt, mutual funds, SGBs, etc.
  • Minimal account opening charges
  • No brokerage intraday trading
  • Low-cost brokerage trading
  • Multiple platforms to trade on web, app, and desktop
  • StockCase: Experts recommended basket of stocks
  • Tools like equity screeners, TradingView charts, and Payoff analyzer
  • BNST: Buy Now Sell Tomorrow order
  • Bracket order, cover order, GTT, and aftermarket order
  • Intraday trading tips, short-term and long-term calls, derivative calls, equity investment ideas, and quarterly research reports from experts are available.
  • Margin trading facility (MTF) with dealer assisted trading
  • Kotak Traders Academy for beginners

Detail Review...

  • Trade or invest in equity, F&O, mutual funds, IPO, US Stocks
  • Rs 0 account opening fee with no AMC
  • Best UI Interface-enabled app and website
  • Equity and F&O trading at Rs 20 maximum brokerage
  • No cost investment in direct mutual funds.
  • TradingView charts and wide range of technical indicators
  • Advance orders like GTT, Target order, and Basket order
  • Get instant and flexible loans on Groww
  • Get the latest trending news and updates on the Groww Digest

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...

  • Its Trade free youth plan is only available for upto 30 years of age and that too is valid for 2 years only.
  • High brokerage in dealer-assisted plan (Delivery: 0.39%, Equity and commodity options: Rs 39 per lot)
  • Delivery trading is not free as charged with 0.25% brokerage.

Detail Review...

  • Does not offer commodity and currency trading
  • No desktop trading terminal
  • Bracket order and cover order are not available
  • No intraday trading tips and stock research reports
  • NRIs cannot open an account in Groww

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.
Enquire for ICICIDirect Enquire for Kotak Securities Enquire for Groww

Last Updated on 2023-09-14T04:34:26+00:00