Groww Vs Progressive Share Brokers
Groww
Groww Review gives an overall view of the updates about the Brokerage Charges, Margin, Updated Trading Software 2024, We can also review Groww Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
Progressive Share Brokers
Progressive Share Brokers Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Groww Vs Progressive Share Brokers - Broker Details
| Groww | Progressive Share Brokers | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2016 | 1996 |
| Exchanges | NSE and BSE. | NSE, BSE, MCX and NCDEX |
| Branches | Zero | 3 |
| Brokerage | ₹20/ Order | 0.04% per order |
| Broker Type | Discount Broker | Full Service Broker |
| Call Back Open Account |
Groww Vs Progressive Share Brokers - Account Opening & AMC Charges
| Groww | Progressive Share Brokers | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹0 (Free) | ₹250 per Year |
| Trading Account AMC | ₹0 (Free) | NA |
| Call Back Open Account |
Groww Vs Progressive Share Brokers - Brokerage charges & Plans
| Groww | Progressive Share Brokers | |
|---|---|---|
| Commodity Futures | N/A | 0.04% per order |
| Currency Futures | N/A | 0.04% per order |
| Equity Delivery | ₹20/ Order or 0.05% (whichever is lower) | 0.35% per order |
| Equity Options | ₹20/ Order or 0.05% (whichever is lower) | ₹35 per lot |
| Commodity Options | N/A | ₹35 per lot |
| Equity Futures | ₹20/ Order or 0.05% (whichever is lower) | 0.04% per order |
| Currency Options | N/A | ₹15 per lot |
| Fixed Charges | ₹20/ Order | 0.04% per order |
| Equity Intraday | ₹20/ Order or 0.05% (whichever is lower) | 0.04% per order |
| Call Back Open Account |
Groww Vs Progressive Share Brokers - Other Charges
| Groww | Progressive Share Brokers | |
|---|---|---|
| RMS Square Off Charge | ₹50/ Order | ₹50 per order |
| API Charges | ₹0 (Free) | Free API |
| Call & Trade Charges | N/A | Rs. 20 (+ GST) |
| Other Brokerage Charges | ₹20/ Order or 0.05% | 0.04% per order |
| Minimum Brokerage | ₹20/ Order | 0.04% per order |
| Call Back Open Account |
Groww Vs Progressive Share Brokers - Transaction Charges
| Groww | Progressive Share Brokers | |
|---|---|---|
| Currency Options | N/A | Exchange txn charge: 0.035% |
| Equity Futures | NSE:- 0.002% | NSE: 0.0019% |
| Equity Intraday | NSE:- 0.00345% | BSE:- 0.00345% | NSE: 0.00325% BSE: 0.00275%(BSE: charges vary as per the scrip group) |
| Equity Options | NSE:- 0.053% on premium | NSE: 0.05% (on premium) |
| Commodity | N/A | Group A Exchange txn charge: 0.0026% Group B Exchange txn charge: 0.006% Clearing charge: .00025% |
| Currency Futures | N/A | Exchange txn charge: 0.0009% Clearing charge: .00025% |
| Equity Delivery | NSE:- 0.00345% | BSE:-0.00345% | NSE: 0.00325% BSE: 0.00275%(BSE: charges vary as per the scrip group) |
| Call Back Open Account |
Groww Vs Progressive Share Brokers - Margin (Exposure)
| Groww | Progressive Share Brokers | |
|---|---|---|
| Equity Options | 1x | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Intraday | 5x | 5x (Up to 20% of trade value) |
| Currency Options | N/A | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Options | N/A | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | N/A | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 1x (no margin) | 1x (100% of trade value) |
| Currency Futures | N/A | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Futures | 1x | 1x (100% of Normal margin (Span + Exposure)) |
| Call Back Open Account |
Groww Vs Progressive Share Brokers - Features
| Groww | Progressive Share Brokers | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity & F&O:- 3:20pm | Currency:- 4:30 PM | Commodity:- 11:25 PM | Equity & F&O:- 3:30pm | Currency: 4:45PM | Commodities: 11:15 PM |
| Trading Platform | Groww Web (Browser based trading website) , Groww Mobile Application | 1. Investor 360 Web Portal, 2. Investor 360 Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |
Groww Vs Progressive Share Brokers - Review & Rating
| Groww | Progressive Share Brokers | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account |
Groww Vs Progressive Share Brokers - Request a call back from Broker
| Groww | Progressive Share Brokers | |
|---|---|---|
| Call Back Open Account |
Groww Vs Progressive Share Brokers - Investment Options
| Groww | Progressive Share Brokers | |
|---|---|---|
| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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| Call Back Open Account |
Groww Vs Progressive Share Brokers - Order Type
| Groww | Progressive Share Brokers | |
|---|---|---|
| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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| Call Back Open Account |
Groww Vs Progressive Share Brokers - Research & Report
| Groww | Progressive Share Brokers | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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| Call Back Open Account |
Groww Vs Progressive Share Brokers - Daily Market Report
| Groww | Progressive Share Brokers | |
|---|---|---|
| Daily Market Reports & News |
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| Call Back Open Account |
Groww Vs Progressive Share Brokers - Suitable For Investor
| Groww | Progressive Share Brokers | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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| Call Back Open Account |
Groww Vs Progressive Share Brokers - Pros & Cons
| Groww | Progressive Share Brokers | |
|---|---|---|
| Pros | 1.Commission free investment for customer. 2.Transparent without any hidden charges. 3. Upto 1.5% extra returns on direct mutual funds. 4.Provide facility to invest in US stocks, Gold and ETFs. 5.Online IPO application. 6.Zero charges on direct mutual funds 7. Very simple and intuitive UI. 8. Offers a wide range of premium features. 9.SEBI registered advisor in the name of Finvantage Investment Advisor Pvt Ltd. 10. In-built customer support section or directly email them on support@groww.in. 11.Groww also has a live chat option. | 1. Innovative Trading Platforms, 2.Educational Resources, 3.Low Fees and Commissions, 4.Responsive Customer Support, 5.Innovative Features |
| Cons | 1.Dilution in the name of diversification. 2.Due to higher cost of some mutual funds, so mutual funds charge for managing the funds, fund manager salary, distribution cost etc. 3.It does not suit customers with unpredictable cash flows. 4.Customer is unable to analyse funds technically and in-depth. | 1. Complexity of Trading Platforms, 2. Higher Minimum Deposit Requirements, 3. Limited Personalized Guidance, 4. Lack of Physical Branches |
| Call Back Open Account |
Groww Vs Progressive Share Brokers - Background
| Groww | Progressive Share Brokers | |
|---|---|---|
| Call Back Open Account |
Groww Vs Progressive Share Brokers - Compare All Brokers
| Groww | Progressive Share Brokers | |
|---|---|---|
| Call Back Open Account |
Groww Vs Progressive Share Brokers - STT/CTT
| Groww | Progressive Share Brokers | |
|---|---|---|
| Commodity Futures | N/A | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | 0.025% on the sell side |
| Equity Options | 0.05% only on sell | 0.0625% on sell side (on premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on buy & sell |
| Equity Futures | 0.01% only on sell | 0.0125% on sell side |
| Commodity Options | N/A | 0.05% on sell side |
| Call Back Open Account |
Groww Vs Progressive Share Brokers - Demat transaction charges
| Groww | Progressive Share Brokers | |
|---|---|---|
| Equity Demat Transaction Charges | ₹13.5 Gst per scrip per day only on sell | ₹10 per request |
| Call Back Open Account |
Groww Vs Progressive Share Brokers - GST
| Groww | Progressive Share Brokers | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% ( Brokerage + Transaction charges) | 18% on (Brokerage + Transaction Charge) |
| Call Back Open Account |
Groww Vs Progressive Share Brokers - SEBI Charges
| Groww | Progressive Share Brokers | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/ Crore | ₹10/Crore |
| Call Back Open Account |
Groww Vs Progressive Share Brokers - Account Opening & AMC Charges
Groww
Progressive Share Brokers
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
₹250 per Year
Trading Account AMC
₹0 (Free)
NA
Groww Vs Progressive Share Brokers
| Groww | Progressive Share Brokers | |
|---|---|---|
Groww Review | Brokerage Charges, Account OpeningGroww is an Indian SEBI registered stockbroker that targets first time investor and millennials. Groww established in April 2016 in Bangalore as a brand of Nextbillion Technology Private Limited. In the mid of 2024s, Groww broker review has expanded its services and started stocks investing service on its platform. Groww application .. + " Vs "+ Progressive Share Brokers |
Progressive Share Brokers Account Opening Process and Charges |
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Progressive Share Brokers
Progressive Share Brokers Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Groww Vs Progressive Share Brokers - Brokerage charges & Plans
| Groww | Progressive Share Brokers | |
|---|---|---|
| Commodity Futures | N/A | 0.04% per order |
| Currency Futures | N/A | 0.04% per order |
| Equity Delivery | ₹20/ Order or 0.05% (whichever is lower) | 0.35% per order |
| Equity Options | ₹20/ Order or 0.05% (whichever is lower) | ₹35 per lot |
| Commodity Options | N/A | ₹35 per lot |
| Equity Futures | ₹20/ Order or 0.05% (whichever is lower) | 0.04% per order |
| Currency Options | N/A | ₹15 per lot |
| Fixed Charges | ₹20/ Order | 0.04% per order |
| Equity Intraday | ₹20/ Order or 0.05% (whichever is lower) | 0.04% per order |
| Call Back Open Account |
Groww Vs Progressive Share Brokers - Margin (Exposure)
| Groww | Progressive Share Brokers | |
|---|---|---|
| Equity Options | 1x | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Intraday | 5x | 5x (Up to 20% of trade value) |
| Currency Options | N/A | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Options | N/A | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | N/A | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 1x (no margin) | 1x (100% of trade value) |
| Currency Futures | N/A | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Futures | 1x | 1x (100% of Normal margin (Span + Exposure)) |
| Call Back Open Account |
Groww Vs Progressive Share Brokers - Other Charges
| Groww | Progressive Share Brokers | |
|---|---|---|
| RMS Square Off Charge | ₹50/ Order | ₹50 per order |
| API Charges | ₹0 (Free) | Free API |
| Call & Trade Charges | N/A | Rs. 20 (+ GST) |
| Other Brokerage Charges | ₹20/ Order or 0.05% | 0.04% per order |
| Minimum Brokerage | ₹20/ Order | 0.04% per order |
| Call Back Open Account |
Groww Vs Progressive Share Brokers - STT/CTT
| Groww | Progressive Share Brokers | |
|---|---|---|
| Commodity Futures | N/A | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | 0.025% on the sell side |
| Equity Options | 0.05% only on sell | 0.0625% on sell side (on premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on buy & sell |
| Equity Futures | 0.01% only on sell | 0.0125% on sell side |
| Commodity Options | N/A | 0.05% on sell side |
| Call Back Open Account |
Groww Vs Progressive Share Brokers - Demat transaction charges
| Groww | Progressive Share Brokers | |
|---|---|---|
| Equity Demat Transaction Charges | ₹13.5 Gst per scrip per day only on sell | ₹10 per request |
| Call Back Open Account |
Groww Vs Progressive Share Brokers - GST
| Groww | Progressive Share Brokers | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% ( Brokerage + Transaction charges) | 18% on (Brokerage + Transaction Charge) |
| Call Back Open Account |
Groww Vs Progressive Share Brokers - SEBI Charges
| Groww | Progressive Share Brokers | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/ Crore | ₹10/Crore |
| Call Back Open Account |
Groww Vs Progressive Share Brokers - Features
| Groww | Progressive Share Brokers | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
|
| Intraday Square-off Time | Equity & F&O:- 3:20pm | Currency:- 4:30 PM | Commodity:- 11:25 PM | Equity & F&O:- 3:30pm | Currency: 4:45PM | Commodities: 11:15 PM |
| Trading Platform | Groww Web (Browser based trading website) , Groww Mobile Application | 1. Investor 360 Web Portal, 2. Investor 360 Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |