If you are confused about selecting the stockbroker, then at this point, the brokerage charges will help you to get a clear picture of the desired broker you want to connect with. From the discount stockbroker, let’s check the comparison of Zerodha vs Groww stocks charges, i.e., Brokerage Charges.  

Hence, let’s dive in!!

Groww Vs Zerodha

Beginning with the basic comparison between the two discount brokers, both Zerodha and Groww are playing a good role in offering better services. On one hand, where Zerodha makes its entry in the market in the year 2010, Groww is new and set its foot in the year 2020.

But in no time, Groww has earned good fame and attraction that is clearly visible from its current client base which is 7.86 Lakhs.

Although the number is comparatively lesser than Zerodha having a client base of 36 Lakh but with time, and the exponential growth in Groww customer base has made traders think of its reliability and sustainability.

So, which broker will you choose?

Will your decision depends upon these numbers only?

No doubt the decision of choosing the stockbroker depends on different factors but let’s start with very specific, brokerage charges. It is one of the important parameters and plays a vital role in defining the profit in trades.

But here comes the question, do both the brokers help you in maximizing it.

For this let’s dive into the details to know how much each broker charges to trade in each trading segment.

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Brokerage Charges in Zerodha vs Groww 

As you all know, the brokerage charge is the fees that the traders have to pay to trade (buy and sell order).  In short, it is a two-legged charge that is paid on every transaction. 

Now being a discount broker, both the brokers charge flat fees of ₹20.

Then how do they differ and which one to choose in order to maximize the return and profit in the specific trade.

For this, let’s dive into each segment charges to grab the detail and pick the broker that charges the least.

Zerodha vs Groww Intraday Brokerage Charges

Let’s start with the brokerage comparison of Intraday trading. So, when it comes to intraday trade, the profit margin depends upon many aspects like the stock volatility, timings, etc.

Apart from these, brokerage charges charged by the broker also defines your earnings in intraday trading. Let’s dive in to know which broker charges the least, to check here are the charges detail in the table below:

Let’s make the comparison easier for you.  If the comparison is to be made, then it can be seen from the above table that Zerodha and Groww charge 0.03% or 0.05% minimum brokerage for intraday respectively. However, the maximum brokerage charged by each is fixed at ₹20. 

Let’s suppose a trader name Nikki is a trader who bought the shares of ITC that cost ₹231. Now let’s imagine that total turnover of ₹25 thousand. 

Now let’s see how much each broker charges?

Starting with Groww, the brokerage is 0.05% 

Here, 0.05%*25000

= ₹12.5

On the other hand, Zerodha charges would be:

0.03%*25000

=₹7.5

So with the same turnover value, you can save your brokerage with Zerodha.

This is beneficial for small traders and beginners having a smaller turnover value.

However, if the turnover value is ₹1,00,000 or higher, then both the broker charges the flat fees of ₹20 for each side of the trade.

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Zerodha vs Groww Delivery Brokerage Charges

Other than the intraday charges, let’s discuss the delivery brokerage charges. As understood, delivery trading allows the investors to hold the shares for the long term, and likewise, the brokers charge the brokerage charges on each trade.

Therefore, to compare the Zerodha vs Groww stocks charges, it is time to check the following table that displays the delivery brokerage charges of the mentioned stockbrokers.

For that, let’s dive in!!

 

From the above table, it can be seen that Zerodha delivery charges, whereas Groww charges 0.05% as a delivery brokerage where the flat fee is ₹20.

Thus, opening a Zerodha Demat account for the long-term trades help you to save a lot in terms of commission.

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Zerodha vs Groww Futures Brokerage Charges

It is time to check the derivatives segment. It carries the futures and options contracts. Therefore to check the brokerage charges that will be charged by both stockbrokers, i.e., Zerodha and Groww, check out the following table.

 

It is to be noted that Zerodha trading charges are 0.03%, whereas Groww charges 0.05% on the futures segment. At the same time, the brokers will charge ₹20 as a flat fee for the brokerage.

So, similar to the intraday trading charges, here again, Zerodha is beneficial for the trades with less turnover value.

Thus, if you are looking forward to doing less trading then yes, Zerodha is the broker that goes right with your needs.

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Zerodha vs Groww Option Brokerage Charges

Apart from futures, now let’s check the other type of contracts under the derivatives segment, i.e., Options.

Now is the time to grab more information on the brokerage charges of both the stockbrokers, i.e., Zerodha and Groww, over the options trading.

For that, let’s dive into the following table.

 

The above table reveals that Zerodha option charges are ₹20 per trade whereas Groww will charge 0.05% or flat ₹20 based on the value that appears lower per order.

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Zerodha vs Groww Commodity Brokerage Charges

Other than the segments mentioned above, let’s check the brokerage charges of the commodity trading. Moreover, Zerodha allows the traders to trade in the commodity segment. Whereas, Groww does not allow commodity trading.

Still to provide you the charges detail, here is the information provided in the table below:

 

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Zerodha vs Groww Currency Brokerage Charges

It is time to learn about another segment and the brokerage charges that are levied on the traders. Therefore, both brokers allow the customers to trade in currency futures and options. 

Therefore, to have a closer look at the currency brokerage charges, dive into the following table.

 

The above table showcases that Zerodha charges 0.03% or ₹20, whichever is lower on both futures and options. In contrast, Grow charges a flat fee of ₹20 per order.

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Which is Better Zerodha vs Groww? 

Being a discount broker, Zerodha and Groww allow the traders to trade in various segments, including equity, currency, and derivatives at the minimum charges.  But seeing the minimum brokerage slab, Zerodha helps you to save more by charging a lesser commission. 

Thus, depending upon your trading needs, you can pick the one that can offer you better trade experiences, helps you save, and further provides an advanced trading platform.

So, compare and choose the one to open a Demat account.

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If you are still, confused which stockbroker to choose? Get in touch with us and we will guide you in picking the right stockbroker with the minimum brokerage charges.