Groww⭐ 9.5/10
SBI Securities⭐ 8.0/10Groww vs SBI Securities Comparison
Compare brokerage charges, trading platforms, technical features, pros, cons, and account opening times to see which Demat account is best for you.
Groww is the Clear Winner
Groww is the superior choice for most traders and investors due to its higher overall rating of 9.5/10 compared to SBI Securities's 8.0/10. Key strengths include Extremely simple UI and One of the fastest-growing investment platforms focused on simplicity..
📊 Charges & Pricing Comparison
| Fee / Segment | Groww | SBI Securities |
|---|---|---|
| Account Opening Fee | Free | Rs 850 (approx) |
| Account AMC (Annual) | Free (Rs 0) | Rs 750 / year |
| Equity Delivery | Rs 20 or 0.05% | 0.50% |
| Intraday Brokerage | Rs 20 or 0.05% | 0.05% |
| Futures & Options | Rs 20 per order | Rs 50 per order (approx) |
| Commodity Trading | N/A | N/A |
| Other / DP Charges | Standard regulatory charges apply | Extensive full-service charges |
| Account Opening Time | 15 Minutes | 24 Hours |
💻 Trading Tools & Platforms
| Platform Feature | Groww | SBI Securities |
|---|---|---|
| Margin Trading (MTF) | ❌ No | ✅ Available |
| Advisory & Tips | ❌ No | ✅ Yes |
| Trading API Access | ❌ No | ❌ No |
| Advanced Charts | ❌ No | ❌ No |
| Web Interface | Modern, fast, browser-based trading platform with TradingView charts. | Modern, fast, browser-based trading platform with TradingView charts. |
| Mobile Trading App | Highly rated mobile app available on iOS and Android with biometric login. | Highly rated mobile app available on iOS and Android with biometric login. |
Groww Pros & Cons
Pros
- ✅ Extremely simple UI
- ✅ Zero AMC forever
- ✅ Seamless mutual fund integration
Cons
- ❌ No advanced desktop terminal
- ❌ Lacks complex analytical tools
SBI Securities Pros & Cons
Pros
- ✅ Immense trust factor
- ✅ Seamless 3-in-1 account integration
- ✅ Relationship manager service
Cons
- ❌ Very high brokerage costs (percentage based)
- ❌ Outdated legacy technology
❓ FAQs: Groww vs SBI Securities
Which is cheaper between Groww and SBI Securities?
Groww charges Rs 20 or 0.05% for delivery trades and Rs 20 or 0.05% for intraday, with an AMC of Free (Rs 0). Meanwhile, SBI Securities charges 0.50% for delivery and 0.05% for intraday, with an AMC of Rs 750 / year. In terms of onboarding costs, Groww is Free compared to SBI Securities's Rs 850 (approx).
Who has a better mobile app: Groww or SBI Securities?
Groww's mobile app offers: "Highly rated mobile app available on iOS and Android with biometric login.". In comparison, SBI Securities's mobile app offers: "Highly rated mobile app available on iOS and Android with biometric login.". If you require advanced charting tools directly on your phone, both platforms support TradingView integrations but execution layouts vary.
Is Groww safer to use than SBI Securities?
Both Groww and SBI Securities are SEBI-registered brokers regulated in India, meaning your shares are safely held with central government-backed depositories (NSDL/CDSL). However, Groww has a rating of 9.5/10, reflecting their complaint ratio and client size, while SBI Securities has a rating of 8.0/10.