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Groww -

Score

1.43 /10
Danger

Groww

India

2-5 years

Suspicious Regulatory License

Global Business

High potential risk

https://groww.in

Influence

AAA

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Comparison

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Time Machine
Website

Score

Regulatory Index0.00

Business Index6.37

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

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Broker Information

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Company Name

Groww

Company Abbreviation

Groww

Platform registered country and region

India

Company website

X

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Linkedin

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2025-06-14
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Groww · Company summary
Groww Review Summary
Founded2016
Registered Country/RegionIndia
RegulationNo regulation
Market InstrumentsStocks, Futures & Options, MTF, IPOs, Mutual Funds, NFOs, ETFs, Credit, and Algo Trading
Demo Account/
Leverage/
Spread/
Trading PlatformGroww
Minimum Deposit/
Customer Supportsupport@groww.in
+91 9108800000

Groww Information

Groww is an Indian investment platform offering diverse market instruments, including Stocks, F&O, Mutual Funds, and ETFs. They offer a free Demat account with zero maintenance charges, with stock trading at ₹20 or 0.1% of order value and F&O at a flat ₹20 per executed order.

Groww Information

Pros and Cons

Pros Cons
Various trading productsUnregulated broker
Transparent and low trading feesTrading fees applied

Is Groww Legit?

Groww is an unregulated broker. The WHOIS search shows the domain groww.in was registered on April 1st, 2016. Its present state is “client transfer prohibited,” which indicates the domain is locked and cannot be moved to another registrar.

license
domain

What Can I Trade on Groww?

Groww offers a range of investment products, including Stocks, Futures & Options, MTF (Margin Trading Facility), IPOs, Mutual Funds, NFOs (New Fund Offers), ETFs (Exchange Traded Funds), Credit, and Algo Trading.

Tradable Instruments Supported
Stocks✔
Futures & Options✔
MTF✔
IPOs✔
Mutual Funds✔
NFOs✔
ETFs✔
assets

Account Type

Groww offers a free Demat account with zero maintenance charges, making it a trusted platform for over 50 million Indians to open and manage their investment accounts.

Account Type

Groww Fees

  • Stock Trading:
    • ₹20 or 0.1% of the order value, whichever is lower.
    • A minimum charge of ₹2 applies if the calculated fee is less than ₹2.
  • Futures & Options (F&O) Trading:
    • Flat ₹20 per executed order.
  • Other Charges:
    • Additional charges like regulatory fees, statutory charges, and penalties are levied by the exchange and are not part of Groww's brokerage fees.
Groww Fees

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Groww✔Desktop, IOS, and Android/
Trading Platform

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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User Reviews

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User comment

2

Comments

Write a review

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.
Translate to English
2023-03-24 14:21
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