Global Broker Regulation Inquiry App
About WikiFX

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

Groww

India India | 2-5 years |
Regulated in India | Derivatives Trading License (AGN) | Global Business | Medium Risk

https://groww.in/

Website

Rating Index

Influence

Influence

AAA

Influence Index NO.1

India India 9.92
Surpassed 57.80% brokers
Business Region Search Statistics Ad Campaigns Social Media Index

Contact

+91 9108800604
https://groww.in/
Vaishnavi Tech Park, 3rd Floor Sarjapur Main Road, Bellandur Bengaluru – 560103

license Forex License 1

Licensed Entity:GROWW INVEST TECH PRIVATE LIMITED

License No. INZ000301838

VPS Standard
No Broker Account Restrictions

Single Core

1G

40G

1M*ADSL

WikiFX Risk Alerts
  • Current data indicates that this broker does not have trading software. Please be aware of the risk.

Basic Information

Registered Region
India
Operating Period
2-5 years
Company Name
Groww
Abbreviation
Groww
Employees
--
Contact Number
+919108800604
Company Website
Address
Vaishnavi Tech Park, 3rd Floor Sarjapur Main Road, Bellandur Bengaluru – 560103
Company Profile5
2-5 years
Regulated in India
Derivatives Trading License (AGN)
Global Business
Medium Risk
Business Region
Verified Site
Relationship Map
Related Companies
About Us
News
Wiki Q&A
Comment

Users who viewed Groww also viewed..

vantage

vantage

8.70
Score
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
vantage
vantage
Score
8.70
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
EC markets

EC markets

9.24
Score
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
EC markets
EC markets
Score
9.24
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
taurex

taurex

8.49
Score
5-10 yearsRegulated in United KingdomMarket Making License (MM)MT4 Full License
taurex
taurex
Score
8.49
5-10 yearsRegulated in United KingdomMarket Making License (MM)MT4 Full License
Official Website
STARTRADER

STARTRADER

8.56
Score
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
STARTRADER
STARTRADER
Score
8.56
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website

Verified Site

  • groww.in
    104.18.17.196
    Server Location
    --
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    2016-04-01
    Website Name
    WHOIS.INREGISTRY.NET
    Company
    GODADDY.COM, LLC

Relationship Map

vip Subscribe in the App to unlock!
Download App
vipvip
Groww

Related Companies

Groww(Netherlands)
Netherlands
Groww(Netherlands)
Suspended
Netherlands
Registration No. 55315860
Est. Date
Source Official Statement

Company Profile

Company Profile

Review summary

Groww Review Summary
Founded2016
Registered Country/RegionIndia
RegulationNo regulation
ProductsStocks, Futures & Options, MTF, IPOs, Mutual Funds, NFOs, ETFs, Credit, and Algo Trading
Trading PlatformGroww
Minimum Deposit/
Customer SupportTel: +91 9108800000
Email: support@groww.in

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 products offeredUnregulated broker
Transparent and low trading feesTrading fees applied

Is Groww Legit?

Groww is an unregulated broker. Please be aware of the risk!

license

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.

domain

Products

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

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
GrowwDesktop, IOS, Android
Trading Platform

Company Profile

  • 2-5 years
  • Regulated in India
  • Derivatives Trading License (AGN)
  • Global Business
  • Medium Risk

News

Weekly "Scam Brokers List" out! Check Is You Broker listed here?

Exposure Weekly "Scam Brokers List" out! Check Is You Broker listed here?

The forex market is increasingly prone to scams, and forex trading has become riskier due to the growing number of fraudulent forex brokers. So, how can you protect yourself and your hard-earned money? Being informed is the most powerful weapon you can use to safeguard yourself. This article aims to raise a fraud alert — read on to learn about the scam brokers you should stay away from and how to spot red flags before it's too late.

Is India-Based Groww an Investment Scam? 5 Truths to Know

Exposure Is India-Based Groww an Investment Scam? 5 Truths to Know

Groww is an India-based broker that is gaining popularity rapidly in the country. You will often see its ads on YouTube and other social media platforms. This broker is promoting itself aggressively. But before you invest with this broker, here are 5 red flags you should know.

Is Groww safe to trade?

News Is 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.

Wiki Q&A

Is it risky to trade with Groww?

Groww's SkyEye risk score of 1.47 categorizes it as an unregulated, high-risk entity. This low score is directly linked to its lack of any valid regulatory licenses, representing a significant absence of client protection and financial oversight.

04-02
United States

Is Groww regulated?

Groww is not a regulated forex trading broker; it operates globally from India without any valid licenses from major financial authorities, which means it lacks the oversight, client fund segregation, and dispute resolution mechanisms typically found with regulated firms.

04-02
United States

What is the full company name of Groww?

The company operates under the name Groww, providing global brokerage services from its base in India.

04-02
United States

Apakah dana masih dapat dipulihkan setelah terjadi penipuan investasi?

Pemulihan dana setelah terjadi penipuan investasi dapat menjadi proses yang sulit, namun tindakan cepat dapat membantu mengurangi potensi kerugian. Disarankan untuk menyimpan catatan transaksi dan komunikasi, menghubungi pihak bank untuk mencoba menghentikan atau membekukan pembayaran, serta melaporkan kejadian kepada otoritas setempat. Investor juga dapat menggunakan kanal pengaduan di WikiFX untuk meningkatkan visibilitas kasus.

6h

Bagaimana cara menghitung skor WikiFX?

Skor WikiFX dihitung menggunakan model evaluasi multidimensi yang mencakup indeks regulasi, indeks lisensi regulasi, indeks kapasitas operasional, indeks manajemen risiko, serta indeks teknologi platform trading. Skala skor berkisar antara 0 hingga 10 poin dan diperbarui secara berkala berdasarkan perubahan regulasi dan data operasional terbaru.

6h

Apa yang dimaksud dengan situs broker kloning?

Situs broker kloning adalah situs yang meniru informasi broker resmi untuk menyesatkan investor agar melakukan penyetoran dana. Situs tersebut biasanya menyalin nama merek, desain halaman, bahkan informasi regulasi. Ciri umum meliputi domain yang sangat mirip dengan situs resmi, informasi kontak yang sulit diverifikasi, serta penawaran keuntungan yang tidak wajar. Setelah dana masuk ke platform seperti ini, biasanya sulit untuk dipulihkan. Disarankan untuk memverifikasi domain resmi dan informasi regulasi serta menggunakan WikiFX sebagai referensi tambahan.

6h

¿Cómo comparar diferentes brókers de forma eficaz?

Para comparar diferentes brókers, los inversores pueden evaluar factores como la situación regulatoria, la puntuación integral, el entorno de trading, las condiciones de cuenta y los comentarios de usuarios. Se recomienda priorizar la verificación del estado regulatorio y las licencias, seguida del análisis de la puntuación WikiFX y sus distintos índices. La herramienta de comparación multidimensional de WikiFX permite realizar evaluaciones más estructuradas y eficientes.

6h

Apa saja yang perlu diperhatikan saat memilih broker yang aman?

Saat memilih broker yang aman, investor perlu memperhatikan status regulasi, keamanan dana, dan transparansi kondisi trading. Disarankan memilih broker yang diawasi oleh regulator utama seperti FCA, SEC, atau ASIC. Selain itu, penting juga memastikan apakah dana klien disimpan secara terpisah, struktur biaya transparan, dan apakah terdapat catatan masalah penarikan dana atau keluhan pengguna. Skor WikiFX dan ulasan pengguna dapat menjadi referensi tambahan.

6h
View More
Write a Review
1
Customer ServiceDownload AppScroll to TopTOP

Chrome

Chrome Extension

Global Forex Broker Regulation Query

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install

Select Country/Region
United States
※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com