Groww - Online Trading and Direct Mutual Fund Investment

#1
Hello Traders!

We hope that you have heard about Groww and perhaps many of you would have been using it for investing in stocks. We are delighted to be a part of the Traderji community and are looking to serve more and more users in the future by sharing details about our products and services here. Any questions asked here would be answered by experts and also, new ideas and feedback about Groww would be highly appreciated.

A Little Bit About Groww?

Groww is a Bangalore based stockbroker which offers online flat fee discount brokerage to invest in Equity, IPO, and Direct Mutual Funds. Groww is a SEBI registered stockbroker and a member of NSE and BSE. Groww provides a completely new way of investing money in stocks by utilizing data science and making investing simple, accessible, transparent and completely paperless. Our platform provides insights about stock market investing, equity-linked savings, and almost everything about the personal finance world.

Features of Groww

  • The pricing model is extremely simple. The maximum brokerage charged per trade is Rs 20 or 0.05% per executed trade, whichever is lower. In simple words, you have to pay a maximum of Rs. 20 as the brokerage irrespective of the stock quantity or amount.
  • Quick and paperless online account opening.
  • A Plethora of educative and informative Blogs, resources and eBooks
  • Options to invest in US Stocks, Digital gold, and Corporate FD

Trading Software of Groww

  • Offers to trade both via mobile app and web
  • Seamless transaction switching between the app and website
  • The Groww mobile app allows the investor to trade from anywhere in the world with a few clicks
  • It's available for absolutely free to invest in stocks and mutual funds
  • Groww is a safe and secured app with 256-bit encryption loaded with a host of features such as line and candlestick charts price movements, single-click buy/sell, free informative content and videos related to stock investments for beginners, detailed information about all companies, etc.
  • The website version of Groww allows users a hassle-free online trading experience. One can explore a vast range of stocks, IPOs, mutual funds and other investments
  • Resources and blogs available to provide quality education about stock market investing
We are looking forward to engaging with a lot of enthusiastic investors here.

Happy Investing!
 

iTrade

Well-Known Member
#4
Anyone who traded on US exchange on groww? How the experience of buying selling and funding?
 

MSN1979

Well-Known Member
#5
is it possible to trade us index , intraday trading with your company?
 
#6
is it possible to trade us index , intraday trading with your company?
Yes, Groww offers investing in US stock market and intraday trading as well. However, US market investment can be done via the official website; currently, US market investing feature is not present on Groww app.
 

brokenbull

Active Member
#7
Dear Groww
when you talk about investing in us market----
1) what is the minimum transaction fee (TT charges ) for ₹=$ (say $5000) is it ₹500/₹1000/₹1500? & $>₹ when we bring back the profits !
2) what will be the $/₹ exchange spread ? who is your forex remitting bank out of India?
3) thro whom you trade /clear/settle in USA? ( I mean your associate us broker?
4)Us securities exchange protection is for each indivual Indian client or to groww if your USA broker defaults?
5) do you have FEMA clearence for channeling INR to foreign markets on behalf indian citizens?

 
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brokenbull

Active Member
#8
is it possible to trade us index , intraday trading with your company?
Minimum 25k$ to trade frequently with out restrictions. additional 25k$ buffer so that you are above the 25000$ equity.
Unlike India where every equity trade has exchange order no& traded only in NSE/BSE , usa most cash equity trades trade in dark pool ( your broker sells order flow to market maker)
CBOT/CME future.option trades trade in exchange
equity /index options also trade in exchange
if you have 25-50k$ capital, open direct a/c with Interactive brokers (best in the world) or TD Ameritrade.
 

MSN1979

Well-Known Member
#9
Minimum 25k$ to trade frequently with out restrictions. additional 25k$ buffer so that you are above the 25000$ equity.
Unlike India where every equity trade has exchange order no& traded only in NSE/BSE , usa most cash equity trades trade in dark pool ( your broker sells order flow to market maker)
CBOT/CME future.option trades trade in exchange
equity /index options also trade in exchange
if you have 25-50k$ capital, open direct a/c with Interactive brokers (best in the world) or TD Ameritrade.
does that mean we are sitting ducks, broker can say anything and we would have to agree?
 
#10
Dear members,

We have removed whitelisting restrictions for users who have following verified banks on Groww:

ICICI
HDFC
IDFC
Kotak
IndusInd

All the above banks allow completely online fund transfer (remittance) - no visit to the bank required.
 

Zerodha – Open Paperless Account

Open online account with Zerodha. Free delivery trading and Max Rs 20 for Intraday, F&O, Currency and Commodity Trading. Intraday High leverage with MIS, CO and BO.

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