Groww Algo Trading Review

25 Feb. 2025

Algo trading, also known as algorithmic trading, is revolutionizing the way traders and investors execute orders in the stock market. Many traders are now looking for algo trading solutions on platforms like Groww. But does Groww support algo trading? What are the charges involved? What strategies can you use?

What is Groww Algo Trading?

Groww is among India's most popular online stock trading platforms with a hassle-free investment experience in stocks, mutual funds, and derivatives. But as regards algo trading, Groww still lacks in-built algo trading. As compared to other brokers offering API access for automating processes, Groww doesn't have many features in this direction.

That being said, traders are still able to carry out algo trading by using third-party Algo Trading Software like that of Combiz Services Pvt Ltd. These platforms allow users to backtest and automate their trading strategies on API-supported brokers.

Does Groww Support Algo Trading?

Groww is a well-known stock brokerage platform in India, offering services for stock trading, mutual funds, and other investment options. But as of now, Groww does not support third-party API integration for algo trading officially like a few other brokers like Zerodha, Angel One, or Alice Blue. Therefore, traders cannot directly automate their strategies via external software.

Best Algo Trading Strategies for Groww Traders

Although Groww does not directly support algo trading, traders are still able to use manual and semi-automatic methods. Some useful algo-based methods are as follows:

1. Momentum Trading

Utilizes indicators such as RSI, MACD, and moving averages to spot trends.
Traders can place alerts and manually enter trades based on signals.

2. Scalping Strategy

Comprises entering many small trades in a short duration.
Suitable for intraday traders utilizing Groww's low brokerage charges.

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3. Arbitrage Trading

Traders search for price discrepancies in the same stock on various platforms.
Manual action is needed as automation is not extensive.

4. Breakout Trading

Identifies stocks that are breaking significant support/resistance levels.
Breakouts can be set up to alert traders.

AI BOT Features:

AI BOT-Algo Trading and Copy Trading is a web-based platform
AI BOT supports multiple broker
AI BOT allows cross-broker copy-trading
AI BOT supports algo trading from various trading platforms eg. Trading View, MT4/5, Python, Excel, Amibroker, Ninja Trader, etc.
AI BOT supports direct trading in multiple accounts in one click
AI BOT has basket order and one-click trade features
AI BOT can place a trade in thousands of accounts in one click with mili-seconds latency.
AI BOT your trades can copied even when you are not suitable for part-time traders as well.

Groww Algo Trading Charges

Since Groww does not officially support algo trading, there are no specific charges for API-based automated trading. However, standard brokerage fees apply:

Equity Delivery: Zero brokerage
Equity Intraday: ₹20 per executed order or 0.05% (whichever is lower)
Futures & Options: ₹20 per executed order
Mutual Funds: No charges

If you plan to use third-party algo trading software, the additional costs will depend on the external platform’s pricing.

Alternative Algo Trading Solutions

If algo trading is a serious pursuit, go for official API access-providing and strong automation-featured brokers. Combiz Services Pvt Ltd delivers premium algo trading solutions that facilitate easy automation of trading strategies.

Why Use Combiz Services Pvt Ltd for Algo Trading?

Supports API-based automated trading.
Delivers sophisticated copy trading solutions.
Smooth integration with major Indian brokers.

Check out the pricing details

Price

Conclusion

Although Groww algo trading is not supported by default, traders can still use manual strategies or third-party solutions. If you prefer to have a completely automated algo trading experience, then platforms such as Combiz Services Pvt Ltd provide robust tools to assist you.