m.Stock vs Groww vs Zerodha

Groww is a popular, SEBI registered investment adviser. All personal information entered on the platform is stored using 256-bit encryption. Also, all transactions are done through Asset management companies (AMCs) for mutual funds & Bombay Stock Exchange (BSE) for stocks, which means that at no stage does your money reach the company itself.

The Demat account and trading account opening charges with Groww are free. The annual maintenance charge is also free. Additionally, there is no margin money requirement. 

Groww charges an Rs.20 per order or 0.05% whichever is low for Equity Delivery, Equity Intraday, Equity Futures, Equity Options. Commodity & Currency trading is presently not available with Groww.

Groww is a discount broker which is aimed at providing modern online-based financial solutions to its clients at a minimal cost.

Three things make m.Stock a great trading platform: 

• Their ‘zero brokerage across products for life’ proposition can help you save lakhs in brokerage, especially if you trade on a regular basis 
• Their app, which has 4+ star rating has great trading tools and features 
• m.Stock is a brand from the house of Mirae Asset, a global investment powerhouse. As a group, they have AUM of more than $600 billion, spread across 15+ international markets.  
   

Trading is free for life with m.Stock across all products like intraday, delivery, futures and options, currency, Margin Trading Facility (eMargin), mutual funds, IPOs, ETFs etc. under the Zero Brokerage plan. 

If you opt for the ?149 plan, trading in delivery, mutual funds, IPOs and ETFs is free. For trading in intraday, futures & options, and currency, a flat brokerage of ?20 per order is payable. 

While m.Stock is categorised as a discount broker, they are different from regular discount brokers since they charge zero brokerage across products for life. This is in contrast to the ?20 brokerage charged by regular discount brokers. 

Zerodha Kite is Zerodha’s online trading platform, which was built in 2015. It is a web-based, lightweight platform which can be used for trading on mobile, tablets as well as desktop browsers. The KITE platform facilitates trading in 11 languages. Kite mobile is currently available in the Android version & iOS on Google Play store. It has advanced technical analysis charting with more than 100 charting indicators and unlimited data for different stocks.

Zerodha provides a range of mobile apps for its customers based on different services. These include:

• Zerodha Kite: Online trading platform for stock and commodity trading

• Zerodha Coin: For mutual funds investments

• Zerodha Varsity: Stock marketing lessons

• Zerodha Sentinel: Market alerts and monitoring for stocks, futures and options  on the cloud

• Pulse by Zerodha: For latest market news and updates.

Zerodha is one of the leading and most popular stock brokers in India, with a massive client base created over years. Beginners often prefer trading with the cheapest brokers, and Zerodha, with a flat fee model at Rs 20, fits perfectly in this parameter. Additionally, Zerodha also provides online education apps, support portal, and discussion forums which prove to be of great assistance to beginner level investors. However, Zerodha being a discount broker does not assist with research, advisory or recommendations. This makes it a challenge for new investors who often find it difficult to make these decisions.

Overall, considering the many helpful services it offers, Zerodha can be considered as a good option for beginner level investors.