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Motilal Oswal Vs Reliance Securities Vs Groww: Which one is better?

The brokerage of Motilal Oswal ranges between 0.02 to 0.20%, the brokerage of Reliance Securities ranges between 0.05 - 0.50%, while the brokerage of Groww ranges between Rs 20. The broker Motilal Oswal and Reliance Securities are full service brokers where Groww is a discount broker. Overall rating for Motilal Oswal is 4, Reliance Securities is rated 3.5, Groww is rated 4 out of 5.

Here we present side-by-side comparison of Motilal Oswal vs Reliance 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 Motilal Oswal vs Reliance 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 Motilal Oswal vs Reliance Securities vs Groww in this setion with 360 degree view of broker information.

Compare Motilal Oswal vs Reliance Securities vs Groww on Service

  Motilal Oswal Compare
Motilal Oswal
Reliance Securities Compare
Reliance 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 BSE, NSE, MCX, NCDEX NSE, BSE NSE, BSE
Broker Overview Extensive range of asset classes, award-winning research, personalized advisory services, great customer service, and dedicated MO Trader and MO Investor app are the key reasons that make Motilal Oswal an excellent broker for traders and investors. Open a Free Reliance Securities Demat Account today, and start online trading across segments on the advanced Robo insights technology powered Tick web, mobile app, and a desktop trading platform. Get the best stocks & mutual fund research & ...Know more about Reliance 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 Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Motilal Oswal vs Reliance Securities vs Groww on Trading & Demat Account Opening Charges

In this section we have compared Motilal Oswal vs Reliance Securities vs Groww on trading & demat account opening charges and AMC. Trading account opening charges - Motilal Oswal and Groww offer Free account opening where Reliance Securities charges Rs 950 for account opeing. Demat AMC charges - Motilal Oswal charges Rs 400 per annum [Free for 1st year] as AMC for Demat account, Reliance Securities charges Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) AMC for Demat account, where Groww charges Free AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Motilal Oswal vs Reliance Securities vs Groww
Charges Motilal Oswal Reliance Securities Groww
Trading Account Opening Fees Free Rs 950 Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 400 per annum [Free for 1st year] Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) Free
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare Motilal Oswal vs Reliance Securities vs Groww on Plan Options

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

Compare Motilal Oswal vs Reliance Securities vs Groww on Plan Options
Plan Types Motilal Oswal Reliance Securities Groww
Multiple Plans No Yes No
Monthly Plans No No No
Yearly Plans No No No
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Account Opening Request

Account Opening

  Zerodha Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Motilal Oswal vs Reliance Securities vs Growwon Brokerage Charges

Motilal Oswal Brokerage Plan detail - The default brokerage plan charges a fixed percentage of brokerage on trading in stocks, derivatives, commodities, and currency segments.

Reliance Securities Brokerage Plan detail - R-Fixed brokerage plan charges a fixed percentage of brokerage fee on trading across segments and also provides dedicated relationship manager services to help you take informed decisions based on fundamental and technical research reports.

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 Motilal Oswal vs Reliance Securities vs Groww
Brokerage Charges Compare Motilal Oswal Reliance Securities Groww
Plan Name Default Brokerage Plan R-FIXED Online Brokerage Plan (Percentage Based) Flat Brokerage Plan
Equity Delivery 0.20% 0.50% 0.05% or Rs 20 whichever is lower
Equity Intraday 0.02% 0.05% 0.05% or Rs 20 whichever is lower
Equity Futures 0.02% 0.05% Flat Fee Rs 20
Equity Options Rs 20 per lot Rs 100 Per Lot Flat Fee Rs 20
Currency Futures Rs 20 per lot 0.05% Not Available
Currency Options Rs 20 per lot Rs 100 Per Lot Not Available
Commodity Trading Futures: 0.02%| Options: Rs 200 Per Lot Future: 0.05%| Options: Rs 100 per lot Not Available
Minimum Brokerage 5 paise per share
Hidden Charges No No
Funding Yes - 18% interest PA Yes - 18% interest PA NA
Call & Trade Charges NA Rs 20 per call (Free First 20 call per month) Rs 50 Per Executable Order
Auto Square off Charges NA Free First 20 call PM and Rs 20 their onwards. Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for Motilal Oswal Brokerage Calculator for Reliance Securities Brokerage Calculator for Groww
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Share Broker's Transaction Charges

Compare Motilal Oswal vs Reliance Securities vs Groww on Transaction Charges

Compare Motilal Oswal vs Reliance Securities vs Groww on transaction charges and PCM fee by segment.

Transaction Charges - Compare Motilal Oswal vs Reliance Securities vs Groww
Transaction Charges Compare Motilal Oswal Reliance 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 Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr NA
Brokerage Charges Complete Brokerage Plans for motilal-oswal Complete Brokerage Plans for reliance-securities Complete Brokerage Plans for groww
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Account Features

Compare Motilal Oswal vs Reliance Securities vs Groww on Account Features

Compare Motilal Oswal vs Reliance Securities vs Groww on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - All 3 brokers offers 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 - Motilal Oswal and Reliance Securities offers NRI Trading where Groww doesn't offers NRI Trading.

Account Features - Motilal Oswal vs Reliance Securities vs Groww
Account Features Compare Motilal Oswal Reliance Securities Groww
3 in 1 Account No Motilal Oswal have 2-in-1 account. Only Demate and Trading account. No Motilal Oswal 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 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 Yes Yes No
Intraday Square-off Time 3:15PM 3:15PM 3:10 PM
NRI Trading Yes Yes No
Other Features NIL Mobile Application: Rmobile Xpress NIL
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Trading Platform

Compare Motilal Oswal vs Reliance Securities vs Growwon Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Motilal Oswal vs Reliance 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 Motilal Oswal vs Reliance Securities vs Groww
Trading Platform Compare Motilal Oswal Reliance Securities Groww
Desktop Trading Platform Orion Lite InstaXpress Groww App
Desktop Demo Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes No
Desktop Platform (Mac) No No No
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://power.motilaloswal.com/MOSL/userMaster/login

http://tick.rsec.co.in/

Yes

Web Trading Demo Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes Yes
Mobile Trading Yes Yes Yes
Mobile Trading App MO Trader TICK PRO Groww App
Mobile Trading App Demo MO Trader Demo TICK PRO Demo Info Not Available
Android Mobile App Yes Yes Yes
Android App Download Andriod MO Trader Download Andriod TICK PRO Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS MO Trader Download iOS TICK PRO 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 Motilal Oswal Equity Intraday and Delivery Brokerage Calculator for Reliance Securities Equity Intraday and Delivery Brokerage Calculator for Groww
Futures Brokerage Calculator Futures Brokerage Calculator for Motilal Oswal Futures Brokerage Calculator for Reliance Securities Futures Brokerage Calculator for Groww
Options Brokerage Calculator Options Brokerage Calculator for Motilal Oswal Options Brokerage Calculator for Reliance Securities Options Brokerage Calculator for Groww
Detail Detail on Trading Platforms for motilal-oswal Detail on Trading Platforms for reliance-securities Detail on Trading Platforms for groww

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Broker Ratings by Users

Compare Motilal Oswal vs Reliance Securities vs Groww on User Rating

  Motilal Oswal Reliance Securities Groww
  57 Customer Reviews    Rate Motilal Oswal 52 Customer Reviews    Rate Reliance Securities 8 Customer Reviews    Rate Groww
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews Reliance Securities is Rated 3.4 / 5 based on 52 customer reviews Groww is Rated 4.3 / 5 based on 8 customer reviews
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Investment Offerings

Compare Motilal Oswal vs Reliance Securities vs Groww on Investment Offerings

Compare Motilal Oswal vs Reliance 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 - Motilal Oswal and Reliance Securities offers Commodity Trading where Groww doesn't offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - Motilal Oswal and Reliance Securities offers PMS facility where Groww doesn't offers PMS facility.

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

Compare Motilal Oswal vs Reliance Securities vs Groww on Order Types

Order Type - Compare Motilal Oswal vs Reliance 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) - Motilal Oswal and Reliance Securities provides Cover Orders (CO) facility where Groww doesn't provides Cover Orders. Bracket Orders (BO) - Motilal Oswal and Reliance Securities provides Bracket Orders (BO) facility where Groww doesn't provides Bracket Orders. After Market Orders (AMO) - Motilal Oswal and Reliance Securities AMO facility where Groww doesn't provides AMO. GTC Orders - Motilal Oswal offers Good Till Cancelled (GTC) orders facility where Reliance Securities and Groww doesn't provides GTC.

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

Compare Motilal Oswal vs Reliance Securities vs Groww on Customer Service

Compare Motilal Oswal vs Reliance 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 Motilal Oswal vs Reliance Securities vs Groww
Customer Service Compare Motilal Oswal Reliance 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 022 40548000/022 67490600 022 41596000 | 022 62436000 9108800604
Account Opening Process Online/Paperless Online/Paperless Online
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://edumo.motilaloswal.com/ https://www.reliancesmartmoney.com/Insights https://groww.in/academy
Head Office Address Motilal Oswal Tower,
Rahimtullah Sayani Road,
Opposite Parel ST Depot,
Prabhadevi, Mumbai-400025
Reliance Securities Limited,
4th Floor, North Wing,
Reliance Centre, Santacruz East,
Mumbai-MH- 400055
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website https://www.motilaloswal.com/ https://www.reliancesmartmoney.com https://groww.in/
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Tips/Research/Reports Published

Compare Motilal Oswal vs Reliance Securities vs Groww on Research Reports, Tips

Compare Motilal Oswal vs Reliance Securities vs Groww on research reports and tips provided by broker.

Research Reports - Compare Motilal Oswal vs Reliance Securities vs Groww
  Motilal Oswal Reliance 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 Motilal Oswal vs Reliance Securities vs Groww on Demat Account

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

Demat Charges - Compare Motilal Oswal vs Reliance Securities vs Groww
  Motilal Oswal Reliance Securities Groww
DP Source CDSL CDSL CDSL
DP ID 10900 41400 No
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹300 pa Zero
Advance Deposit NIL Nil Nil
Statutory charges Nil Nil Legal Charges
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) 0.04% (Min ₹27) + CDSL charges ₹8 + ₹5.50 CDSL charges
Demat ₹50 per certificate + ₹50 courier charges ₹5 per certificate + ₹30 request charges ₹150 per certificate + courier charges
Remat ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges ₹40 for every hundred securities or ₹25 per certificate (whichever is higher) + ₹25 courier charges ₹150 per certificate + courier charges
Pledge Creation ₹35 0.05% of transaction value (Min ₹30) ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation Nil 0.05% of transaction value (Min ₹30) ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure ₹35 0.05% of transaction value (Min ₹30) ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation Nil 0.05% of transaction value (Min ₹30) ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation ₹35 0.05% of transaction value (Min ₹30) ₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges Nil Nil ₹50
Other Charges Nil Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Motilal Oswal vs Reliance Securities vs Groww on Special Offers and Promotion

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

Compare Motilal Oswal vs Reliance Securities vs Groww on Special Offers and Promotion
  Motilal Oswal Reliance Securities Groww
Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from MO Desktop or MO Trader or MO Investor Mobile App.
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from RelianceSmartMoney platform.
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 Max 24 hrs except bank holidays. Max 24 hrs except bank holidays Max 24 hrs except bank holidays
Bank Supported and Charges Around 47 banks allow instant credit facility (Payment Gateway) with charges of ~Rs 7 from Motilal Oswal trading platforms. Info Not Available Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.
Bank Detail Info Not Available RELIANCE SECURITIES LTD
Account No.:9500XXXXXXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
NA
Likes

There are enormous benefits or advantages of trading with Motilal Oswal. Here are the reasons that make it a good fit for both traders and investors;

  • Choice of asset classes i.e., equities, derivatives, commodities, and currencies.
  • Free Demat and trading account opening.
  • Zero maintenance fee for 1st year.
  • Free mobile app for traders (Trader App) and investors (Investor App).
  • Invest in mutual funds and IPOs for free.
  • Free research reports & recommendations.
  • Safe & secure fund transfer with 39+ banks.
  • Access features; StockSIP, IAP (Algorithm advisory), and improve my portfolio (PR).
  • Margin trading and margin against shares
  • Free call & trade service.
  • EDUMO (free learning platform) for beginners, intermediate, and advanced traders.

Detail Review...

  • Multiple exchanges trading on BSE, NSE, and MCX.
  • Buy insurance plans like car insurance, health insurance, general insurance, etc.
  • Multiple brokerage plans.
  • Free state of the art and user-friendly TICK web, app, and desktop platform.
  • Zero Demat Account opening fees.
  • Zero brokerage benefits for the first 30 days.
  • No AMC for the first year.
  • Research reports, model portfolios, and stocks and mutual funds research recommendations.
  • R Model Portfolio and mutual fund basket recommendations.
  • Invest in the portfolio management services.
  • Robo assist technology platform for goal-based investing.
  • NRML, MIS, bracket order (BO), cover order (CO), after market order (AMO).
  • Place Valid Till Cancelled order for maximum validity of 45 days.
  • Free first 20 call & trade every month.
  • An abundance of education resources i.e., classrooms, blogs, webinars & events 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

There are some drawbacks or disadvantages that might discourage you to not opening an account with Motilal Oswal. Here are some important trading cons;

  • High brokerage charges
  • Unlike many full-service brokers like Kotak, ICICI, etc., Motilal Oswal does not have any flat discount brokerage plan.
  • You cannot open a 3-in-1 account, Demat + Trading + Bank A/c.
  • It only provides regular mutual fund schemes.

Detail Review...

  • No flat brokerage plan is offered by Reliance Securities.
  • High brokerage charges than new-age discount brokers i.e., Zerodha, and Upstox.
  • The full-service broker does not have a toll-free number to provide 24*7 customer support.

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 Free Demat AMC (Client need to opt for 3,000 Value Pack (prepaid brokerage) or Open the A/c with above 25,000 margin)
Enquire for Motilal Oswal Enquire for Reliance Securities Enquire for Groww

Last Updated on 2023-09-14T05:03:12+00:00