Grovalue Securities Review, Brokerage Charges, Demat Account & more

Grovalue Securities review will cover all the important details about the company starting from its charges for brokering services and then this article will also talk about the journey of this company.

You can read and learn about the various services and products this company sells and various offers and benefits you can be entitled to if you open a trading account with Grovalue Securities.

The write up will also discuss certain aspects where the company must focus to better itself.

Grovalue Securities Ratings & Review by Top10StockBroker

About Grovalue Securities

Grovalue Securities is a full-service broker based out of Mumbai, Maharashtra. This company is a member of all the major stock and commodities exchange like NSE, BSE, MCX, etc.

The founder member of the company was Ankit Sethi who formed this company in the year 2016 which is just 3 years back.

It is registered as a private company run by its owners.

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Grovalue Securities Brokerage Charges

The Grovalue Securities brokerage plan is a flexible one which has a range of brokerage charges for every segment instead of one fixed brokerage rate.

The range for equity deliver segment is 0.25% to 0.55%. The rate for equity futures and equity intraday starts from 0.025% and ranges up to 0.055%.

For currency futures, commodities it is between 0.02% and 0.05%. The rate of brokerage for equity options is Rs. 25 to Rs. 55 per lot and also for the currency options.

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Grovalue Securities Other Charges

Apart from brokerage charges, for trading one needs to pay certain other charges as well. These charges are 18% GST on the brokerage and transaction charges.

The transaction charge, on the other hand, is 0.00320% of every transaction. The fixed charges are STT and SEBI turnover charges which are 0.0126% and 0.0002%.

Grovalue Securities Demat Account Opening Fees

For opening the Grovalue Securities Demat account one needs to pay an account opening charge of Rs. 250 and for maintaining the Demat account on a yearly basis, the charge is Rs.600.

There is no such annual maintenance charge on the trading account for Grovalue Securities.

Margin money requirement is Rs.15000 as the minimum which needs to be kept in the trading account for trading.

Grovalue Securities Offers

For retaining & acquiring the clients the company offers –

• A free trading account that is one can use the trading account without paying any maintenance charges on a yearly basis which is known as the AMC.
• The clients can get various discounts on the brokerage depending upon the type of transaction
• Grovalue Securities brokerage charges are flexible as mentioned above and this helps the traders in various ways.
• Clients can refer the company to other investors and earn rewards.

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How to Open a Demat Account with Grovalue Securities?

To open Grovalue Securities Demat account –

• Open the Demat account application form, Just click on the green Open Demat Account button below, fill it and submit
• Within a few hours, you will receive a call from Grovalue Securities representative and they will fix a date for the meeting
• On the day of the meeting give them all the necessary documents required for verification process like Address proof, Voter Id, PAN, AADHAAR, etc.
• Once the application with the documents is verified, your login details will be sent to you and you can start trading.

Why Open Grovalue Securities Trading Account?

You can open a trading account with Grovalue Securities because –

• It offers a wide range of products and services
• The research and advisory facility is quite good
• You can trade on a different platform as they have three kinds of platform
• Brokerage charges are flexible and also nominal

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Grovalue Securities Products & Services

Here are the list of Products & Services provided by Grovalue Securities:

Products Offered by Grovalue Securities:

The Grovalue Securities deals in equity, currency market, F&O segment and also in commodities.  Their products range is quite commendable keeping in mind that it is only a three years old company.

Grovalue Securities Service Offerings:

The Grovalue Securities services range from Demat and trading services to stock recommendation to the clients and IPO services.

Under trading services, it also includes intraday services.

Grovalue Securities Research, Advisory and Stock Tips

The Grovalue Securities advisory services include –

• Offline advises where the client can call and have a detailed talk about his preferences of stocks and how he wants his money to grow.
• Relationship managers are assigned to clients as well

The research services of Grovalue Securities includes –

• Weekly reports that contain the stocks performances of the last week or the upcoming weeks. Similar monthly reports are also supplied.
• Daily market information and review is provided
• Clients receive free tips on buying and selling of stocks they own
• The research team also provide the investors with the top few stocks which can be really beneficial for the day or upcoming days
• If any new company is going to announce its IPO, that report is also supplied to the clients for investment.

Grovalue Securities Exposure or Leverage

Grovalue Securities leverage for equity options segment is the maximum which is 4 times. Apart from that the other sections like equity delivery, intraday, equity futures all have exposure up to 2 times.

While the other segments like currency futures, commodities, and currency options have 3 times exposure at the maximum.

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Grovalue Securities Trading Platforms

Here are the thorough details on various trading platforms offered by the stock broker to its consumers. All the platforms have been established in-house and always get progressed on an unremitting basis.

Grovalue Securities Trading Terminal

• It is a desktop based trading terminal. The software has to be downloaded. It works on Windows and Mac operating system.
• The trading platform is quite efficient in capturing the real-time price which is very important for smooth and profitable trading.
• It shows al kind of real-time updates and tracking portfolio and trading is quite easy because of its user-friendly
• One can chat from the trading platform with the Grovalue Securities executives through the interactive chat medium present on the terminal.

Grovalue Securities Web Browser Trading Platform

• Simple yet effective browser-based trading platform. The software is not required here only internet connection and a good browser is what needed.
• The live market can be monitored all the time on this platform and various global indices can be followed.
• This platform is for the desktop users and the company is yet to build the mobile browser trading platform.

Grovalue Securities Mobile Trading App

• Android and iOS-based trading platform which runs like any other phone application.
• It also shows all the real-time updates, news updates of the market
• You can set alert like SMS and Email alert for trading deals and updates
• Easy installation and use.

Grovalue Securities Customer Care

Grovalue Securities customer service centers are present across the country and there are almost 480 branches of Grovalue Broking House.

The company provides a good level of assistance to the clients both through the online and offline medium. The clients can also connect over email.

Grovalue Securities Complaints and Feedback

Find the list of complaint against Grovalue Securities:

Around six complaints were lodged on NSE and one on BSE about this company which was all resolved as per the report of last years.

The percentage of complaints to the active client’s number is 0.19 which is a little higher than the peers in the market. However, this is a new company which we need to keep in mind.

Grovalue Securities Disadvantages:

Below mentioned is the list of cons of Grovalue Securities:

Cons of Grovalue Securities

Discuss some of the worries if you make use of this full-service trader for your stock market trading:

• High Margin Money requirement
• A higher level of brokerage charges even though it is flexible

Grovalue Securities Conclusion

Overall Grovalue Securities is growing along with its clients. It is new and learning the business and thus few mistakes are committed.

However, taking everything into account together, it can be expected that the company has a great prospect.

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