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Groww -

Score

1.40 /10
Danger

Groww

India

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://groww.in

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Score

Regulatory Index0.00

Business Index6.14

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Broker Information

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Company Name

Groww

Company Abbreviation

Groww

Platform registered country and region

India

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Groww · Company summary
Groww Review Summary
Founded2016-04-01
Registered Country/RegionIndia
RegulationUnregulated
Market InstrumentsStocks/Futures & Options/MTF/ IPO/Mutual Funds/NFO/ETF/Credit/Bill Payments
LeverageUp to 1:4(MTF)
Trading PlatformGroww
Customer SupportFacebook, Twitter, YouTube, Instagram, LinkedIn, Telegram

Groww Information

Groww is a company that provides a wide range of financial services, multiple investment markets, credit loans, and bill payments. Its official website describes itself as India's No.1 Stock Broker and Trading Platform. Users can find their investment solutions in mutual funds, stocks, US Stocks, ETFs Stocks, IPOs, and F&Os.

Groww Information

Is Groww Legit?

Groww is not regulated, making it less safe than regulated brokers.

Is Groww Legit?
Is Groww Legit?

What products does Groww provide?

Groww offers a wide range of products, including Stocks, Futures & Options, MTF, IPO, Mutual Funds, NFO, ETF, Credit, and Bill Payments.

Futures: Derivatives contracts in which both buyers and sellers must buy/sell the underlying asset at a predetermined price.

Options: Derivates contracts that offer the buyer the right (but not the obligation) to buy/sell the underlying asset at a predetermined price.

MTF: Buy with up to 4X leverage. MTF allows you to buy stocks by paying only a portion of the total cost (25%) upfront

IPO: Initial Public Offering is a process by which a private company becomes public. There are two types of market: Primary Market and Secondary Market.

Mutual Funds: 5000+ mutual funds on Groww with Zero commissions.

NFO: Any asset management company launching a new mutual fund in the market can raise capital for the same by announcing a new fund offer (NFO). Similar to the concept of an initial public offering (IPO).

ETFs: a basket of securities that are sold on an exchange. lt combines features of mutual funds, stocks, or bonds. It is also traded throughout the day, like individual stock.

Credit: Loans at affordable costs.

What products does Groww provide?

Account Type

Open a Demat with Groww and Zero maintenance charge.

Trading Platform

Groww provides a proprietary trading platform available on the iOS version or download it through the Google Play Store.

Trading PlatformSupported
Groww✔
Trading Platform

Deposit and Withdrawal

Groww accepts UPl (Unified Payments Interface) and Netbanking Instantly transfer, Groww UPl for immediate deposits, and Bank Transfer (NEFT/RTGS) within 1 hour.

Customer Support Options

Traders can follow the platform on Facebook, Twitter, YouTube, Instagram, LinkedIn, and Telegram.

Contact Options Details
Social Media Facebook, Twitter, YouTube, Instagram, LinkedIn, Telegram
Supported Language English
Website Language English
Physical Address Vaishnavi Tech Park, 3rd & 4th Floor Sarjapur Main Road, Bellandur Bengaluru – 560103
Customer Support Options

News

NewsIs Groww safe to trade?

Groww is an investment platform based in India that offers a variety of market instruments for investment purposes. However, it is important to note that the provided information raises concerns about Groww's legitimacy due to its lack of regulation and low score on WikiFX. Regulatory oversight provides certain protections to investors, and investing with an unregulated entity may involve higher risks.

WikiFX
2023-12-28 18:30
Is Groww safe to trade?
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imoji
more than one year
So, my account got shut down out of the blue, no heads up, no consent. Had a chat with the live support folks—nice bunch, but slow to act. Being friendly doesn't always fix your issues!
So, my account got shut down out of the blue, no heads up, no consent. Had a chat with the live support folks—nice bunch, but slow to act. Being friendly doesn't always fix your issues!
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2024-02-23 16:36
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FX1418884085
more than one year
Disappointed to find out that they don't offer a demo account. As a beginner, I think it would have been really helpful to practice trading with a fake account before using my own money. It's frustrating to not have this option, but I still appreciate the other features and resources that Groww offers to help me learn and invest wisely.
Disappointed to find out that they don't offer a demo account. As a beginner, I think it would have been really helpful to practice trading with a fake account before using my own money. It's frustrating to not have this option, but I still appreciate the other features and resources that Groww offers to help me learn and invest wisely.
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2023-03-24 14:21
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