Groww Vs Maverick
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.
Maverick
Maverick Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Groww Vs Maverick - Broker Details
| Groww | Maverick | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2016 | 2000 |
| Exchanges | NSE and BSE. | NSE, BSE, MCX and NCDEX |
| Branches | Zero | N/A |
| Brokerage | ₹20/ Order | 0.01% per order |
| Broker Type | Discount Broker | Full Service Broker |
Groww Vs Maverick - Account Opening & AMC Charges
| Groww | Maverick | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹0 (Free) | ₹300 per year | ₹999 for Lifetime |
| Trading Account AMC | ₹0 (Free) | NA |
Groww Vs Maverick - Brokerage charges & Plans
| Groww | Maverick | |
|---|---|---|
| Commodity Futures | N/A | 0.01% per order |
| Currency Futures | N/A | 0.01% per order |
| Equity Delivery | ₹20/ Order or 0.05% (whichever is lower) | 0.1% per order |
| Equity Options | ₹20/ Order or 0.05% (whichever is lower) | Rs. 10 per lot |
| Commodity Options | N/A | Rs. 10 per lot |
| Equity Futures | ₹20/ Order or 0.05% (whichever is lower) | 0.01% per order |
| Currency Options | N/A | Rs. 10 per lot |
| Fixed Charges | ₹20/ Order | 0.01% per order |
| Equity Intraday | ₹20/ Order or 0.05% (whichever is lower) | 0.01% per order |
Groww Vs Maverick - Other Charges
| Groww | Maverick | |
|---|---|---|
| RMS Square Off Charge | ₹50/ Order | ₹20/Order |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | N/A | ₹20/Order |
| Other Brokerage Charges | ₹20/ Order or 0.05% | 0.01% per order |
| Minimum Brokerage | ₹20/ Order | 0.01% per order |
Groww Vs Maverick - Transaction Charges
| Groww | Maverick | |
|---|---|---|
| Currency Options | N/A | Exchange txn charge: 0.035%e |
| 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) |
Groww Vs Maverick - Margin (Exposure)
| Groww | Maverick | |
|---|---|---|
| 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) |
Groww Vs Maverick - Features
| Groww | Maverick | |
|---|---|---|
| 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:- 3:15pm | Currency: 4:30PM | Commodities: 11:20 PM |
| Trading Platform | Groww Web (Browser based trading website) , Groww Mobile Application | 1. Maverick Trade Mobile App, 2. Maverick Tradeweb Platform |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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Groww Vs Maverick - Review & Rating
| Groww | Maverick | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account |
Groww Vs Maverick - Request a call back from Broker
| Groww | Maverick | |
|---|---|---|
Groww Vs Maverick - Investment Options
| Groww | Maverick | |
|---|---|---|
| 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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Groww Vs Maverick - Order Type
| Groww | Maverick | |
|---|---|---|
| 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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Groww Vs Maverick - Research & Report
| Groww | Maverick | |
|---|---|---|
| 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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Groww Vs Maverick - Daily Market Report
| Groww | Maverick | |
|---|---|---|
| Daily Market Reports & News |
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Groww Vs Maverick - Suitable For Investor
| Groww | Maverick | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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Groww Vs Maverick - Pros & Cons
| Groww | Maverick | |
|---|---|---|
| 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. Reliable and experienced brokerage firm, 2. Wide range of investment options, 3. Excellent customer service and support, 4. RWide range of investment products and options, 5. Competitive pricing and low fees. |
| 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. Market volatility and potential investment risks, 2. Possibility of financial losses, 3. Dependency on market conditions and economic factors, 4. Potential conflicts of interest, 5. Regulatory compliance challenges, 6. Potential for high trading fees and expenses. |
Groww Vs Maverick - Background
| Groww | Maverick | |
|---|---|---|
Groww Vs Maverick - Compare All Brokers
| Groww | Maverick | |
|---|---|---|
Groww Vs Maverick - STT/CTT
| Groww | Maverick | |
|---|---|---|
| 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 |
Groww Vs Maverick - Demat transaction charges
| Groww | Maverick | |
|---|---|---|
| Equity Demat Transaction Charges | ₹13.5 Gst per scrip per day only on sell | Rs.20 /- |
Groww Vs Maverick - GST
| Groww | Maverick | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% ( Brokerage + Transaction charges) | 18% on (Brokerage + Transaction Charge) |
Groww Vs Maverick - SEBI Charges
| Groww | Maverick | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/ Crore | ₹10/Crore |
Groww Vs Maverick - Account Opening & AMC Charges
Groww
Maverick
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
₹300 per year | ₹999 for Lifetime
Trading Account AMC
₹0 (Free)
NA
Groww Vs Maverick
| Groww | Maverick | |
|---|---|---|
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 "+ Maverick |
Maverick Account Opening Process and Charges Detail |
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Maverick
Maverick Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Groww Vs Maverick - Brokerage charges & Plans
| Groww | Maverick | |
|---|---|---|
| Commodity Futures | N/A | 0.01% per order |
| Currency Futures | N/A | 0.01% per order |
| Equity Delivery | ₹20/ Order or 0.05% (whichever is lower) | 0.1% per order |
| Equity Options | ₹20/ Order or 0.05% (whichever is lower) | Rs. 10 per lot |
| Commodity Options | N/A | Rs. 10 per lot |
| Equity Futures | ₹20/ Order or 0.05% (whichever is lower) | 0.01% per order |
| Currency Options | N/A | Rs. 10 per lot |
| Fixed Charges | ₹20/ Order | 0.01% per order |
| Equity Intraday | ₹20/ Order or 0.05% (whichever is lower) | 0.01% per order |
| Call Back Open Account |
Groww Vs Maverick - Margin (Exposure)
| Groww | Maverick | |
|---|---|---|
| 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 Maverick - Other Charges
| Groww | Maverick | |
|---|---|---|
| RMS Square Off Charge | ₹50/ Order | ₹20/Order |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | N/A | ₹20/Order |
| Other Brokerage Charges | ₹20/ Order or 0.05% | 0.01% per order |
| Minimum Brokerage | ₹20/ Order | 0.01% per order |
Groww Vs Maverick - STT/CTT
| Groww | Maverick | |
|---|---|---|
| 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 |
Groww Vs Maverick - Demat transaction charges
| Groww | Maverick | |
|---|---|---|
| Equity Demat Transaction Charges | ₹13.5 Gst per scrip per day only on sell | Rs.20 /- |
Groww Vs Maverick - GST
| Groww | Maverick | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% ( Brokerage + Transaction charges) | 18% on (Brokerage + Transaction Charge) |
Groww Vs Maverick - SEBI Charges
| Groww | Maverick | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/ Crore | ₹10/Crore |
Groww Vs Maverick - Features
| Groww | Maverick | |
|---|---|---|
| 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:- 3:15pm | Currency: 4:30PM | Commodities: 11:20 PM |
| Trading Platform | Groww Web (Browser based trading website) , Groww Mobile Application | 1. Maverick Trade Mobile App, 2. Maverick Tradeweb Platform |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |