Groww is free to some extent as it does not charges any Account Opening charges or any AMC ( Annual maintenance Charges) like all other Discount &Full Service brokers out there. But it charges brokerage at the rate of Rs20 or 0.05%, whichever is less of the total value of one executed order. It also charges the Regulatory charges like the STT, Stamp Duty, DP charges, etc.
Groww is one of the best mutual fund applications that offers various direct mutual fund investment options. Moreover, it does so without charging anything. It offers a magnitude of offerings and features ranging from the brief description of the mutual funds to the various brokerage and other calculators for investors' references.
Groww is a SEBI registered Stock Broker as according to the Section 12(1) of the SEBI act 1992, No stock broker is allowed to transact in any securities before obtaining the Certification of Registration (COR) from SEBI (Securities and Exchange Board of India).
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.