Shoonya 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.

Shoonya Broker is a zero-commission trading platform in India that offers a variety of trading products, including stocks, derivatives, currencies, commodities, mutual funds, SIPs, bonds, and ETFs. It is a subsidiary of Finvasia, a financial technology company.

Shoonya Broker was launched in 2016 with the aim of providing investors with a more affordable and transparent way to trade. The company does not charge any brokerage fees on any of its trading products. It also does not provide any investment advice or tips.

Shoonya Broker's trading platform is web-based and mobile-friendly. It offers a variety of features, including real-time quotes, charting tools, and order execution. The platform is also integrated with NSE, BSE, MCX, and CMCE exchanges.

To open a demat account in Shoonya, follow the below steps:
Step 1: Visit select.finology.in.
Step 2: Click on 'Brokers' from the Menu tab.
Step 3: Click on "All Stock Brokers', you will find Shoonya in the list there.
Step 4: Select "Shoonya Broker" as your broker.
Step 5: Click on 'Open Demat Account'. You will be redirected to the Shoonya platform.
Step 6: Follow the steps as mentioned, add necessary information and click on 'Proceed'.

Here are the main features of Shoonya Broker:

• Zero brokerage fees: Shoonya Broker does not charge any brokerage fees on any of its trading products. This means that you can trade stocks, derivatives, currencies, commodities, mutual funds, SIPs, bonds, and ETFs without having to pay any commission.
• Wide range of trading products: Shoonya Broker offers a wide range of trading products, including stocks, derivatives, currencies, commodities, mutual funds, SIPs, bonds, and ETFs. This means that you can trade a variety of assets through a single platform.
• Web-based and mobile-friendly trading platform: Shoonya Broker's trading platform is web-based and mobile-friendly. This means that you can trade from anywhere, at any time.
• Integrated with major exchanges: Shoonya Broker is integrated with major exchanges, such as the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and Multi Commodity Exchange (MCX). This means that you can trade on all the major exchanges through a single platform.
• Regulated by SEBI and NSE: Shoonya Broker is a regulated broker. It is a member of the Securities and Exchange Board of India (SEBI) and the National Stock Exchange (NSE). This means that your investments are safe and secure.

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.