Is Opening a Demat and Trading Account Safe with Groww?

Short Answer

Yes, opening a Demat and trading account safe is completely safe with Groww. In fact, being an emerging entrant in the stock brokers arena, it's trying to expand its user base quite agressively. And, seeing such new players in the already competitive stock broker hub is really interesting and somewhat beneficial for the traders.

Detailed Answer

Groww has established itself quite well that too at a fast pace. Expanding its horizon from direct mutual fund investing to the stock trading part, it has gained a lot of attraction over the years.

Not only this, opening a trading and demat account has become easy and effortless with stock brokers like Groww offering quicker alternatives. Groww offers a two in one account opening process and trades can be carried out either through the web or through its mobile application.

The platform offers advice and complete information on risky products with a plethora of advice on finance and technology. The platform uses next-gen technology to keep all the data and data safe and secure free from any type of damages.

SEBI is the regulatory authority protecting the interest of investors and traders. So, you don't have to worry of it! As an investor or trader if you open a trading and demat account with licensed stock brokers, your interest is safeguarded by the apex regulating body.

Groww Mutual Fund and Stock Investing App is quite a popular among investors looking to put their money in stocks and mutual funds. Initially, only the mutual fund investing was offered, but now the Stocks portion is also fully live on this tech-driven application.

Tagged With: GrowwGroww ReviewStock Tradingis groww app safeGroww app
Ask your query and our expert community would be happy to help
Discussion (3)

    Groww is a very good platform for trading. From my experience I can say that, the process to open a demat and trading account is very easy and straightforward and it is reliable at the same time.

    Groww is surpassing milestones in harboring more users than what it has projected. The platform sis quite great as it implies the latest technological software and encryption codes to keep accounts and transactions safe and secure. Try it out as it will not disappoint.

    It takes some time for any company or broker for that matter to build credibility and reliability amongst users. Groww is relatively very new in stock broking. It will take time to establish a name in the said field. So, one should thoroughly research and not hurry up in opening a demat and trading account. In fact, when a platform is new it does take considerable time for it to stabilize and accommodate any incoming users. While the existing trading platforms like Zerodha already offer a robust and stable portal for one's trading requirements.

Groww Quick Links
Related FAQs

What are disadvantages of Opening Demat and Trading account with Groww?

Although everything the Stock broker offers is fantastic, there are a few downfalls of using Groww. These include the exception of trading in the commodity segment, doesn’t have a savings account in 2-in1 accounts that it offers, popular financial tools such as cover orders bracket order aren’t available, and more.

What are advantages of opening Demat and Trading account with 5paisa?

5paisa is a new age company that believes in making the entire process of getting started with trading as simple as possible. It operates on the principle of self-investment and provides low brokerage services.

What are advantages of Opening Demat and Trading account with Groww?

Bangalore based online discount broker Groww was found in 2016 and provides plenty of trading and investment opportunities. Users can invest in mutual funds, currency, derivatives, equity, and more. the investment opportunities are backed with guidelines set by NSE, BSE, and SEBI.

Is Groww App Safe for Mutual fund and Stock Investing?

Yes, Groww app is completely safe for mutual fund, stock investing and trading. As a popular mutual fund investment plaftorm, Groww established itself quite well in the past few years. Now, it has also enetered the stock broking space so it's really good to see new entrants amid existing top discount brokers in India.

How to Open a Demat & Trading Account with Stoxkart?

Follow an easy account opening process with few basic requirements to complete for getting your Stoxkart demat and trading account opened. If you have your PAN card copy, AADHAR, bank proof ready, it's all the more easy to open your demat and trading account online in an easy manner. Here we explain a detailed step by step process of how to open a trading and demat account with Stoxkart.

Can we open demat and trading account without Aadhaar card in India?

Yes, you can open a trading and Demat account without an Aadhaar card but it's not possible to do that in the online method. To open your account without an Aadhaar card, you will have to visit the broker's branch and complete the process there.

How to Open a Trading & Demat Account with Paytm Money?

To open a Paytm Demat Account you do not need to make a lot of efforts. You can simply do it online which spares you from standing in a long waiting queue in the branch of the broker house. These days online and offline account opening has become all the more easy.

Can I open 2 demat accounts with different stock brokers?

You can open more than one demat account as long as you open them with separate depository participants. It is completely legal to own multiple demat accounts but you cannot have more than one account with a stockbroker.

Is Stock Trainer Virtual Trading App safe?

Yes, the stock train virtual trading app is completly safe. It has several thousands of positive reviews for its security and is one of the most downloaded trading applications.

Is Sharekhan good and safe for Stock trading and Investing?

Sharekhan is a bang average stock brokerage site that offers good services and features in its trading facilities, customer service, and reasonable charges for opening a demat and trading account.