“A battle-tested matching engine, our brand, running inside a month.”“A Web3 family that finally shared one backbone, end to end.”“A battle-tested matching engine, our brand, running inside a month.”
INVEST · TRADE · START A SIP · TRACK GOALS · BUY US STOCKS · HOLD 15 ASSET CLASSES · COMPOUND · INVEST · TRADE · START A SIP · TRACK GOALS · BUY US STOCKS · HOLD 15 ASSET CLASSES · COMPOUND ·
INVEST · TRADE · START A SIP · TRACK GOALS · BUY US STOCKS · HOLD 15 ASSET CLASSES · COMPOUND · INVEST · TRADE · START A SIP · TRACK GOALS · BUY US STOCKS · HOLD 15 ASSET CLASSES · COMPOUND ·
INVEST · TRADE · START A SIP · TRACK GOALS · BUY US STOCKS · HOLD 15 ASSET CLASSES · COMPOUND · INVEST · TRADE · START A SIP · TRACK GOALS · BUY US STOCKS · HOLD 15 ASSET CLASSES · COMPOUND ·
INVEST · TRADE · START A SIP · TRACK GOALS · BUY US STOCKS · HOLD 15 ASSET CLASSES · COMPOUND · INVEST · TRADE · START A SIP · TRACK GOALS · BUY US STOCKS · HOLD 15 ASSET CLASSES · COMPOUND ·
v2026 - Production Ready
Groww Clone App - White-Label Multi-Asset Investing Platform for India and US Markets
A launch-ready retail investing platform where one identity, one KYC record, one wallet and one portfolio span fifteen asset classes. Indian equities, US equities, mutual funds, ETFs, index funds, IPOs, derivatives, commodities, currency, bonds, fixed deposits, digital gold, SGBs, REITs and P2P all resolve into the same holdings view rather than into separate products a user has to reconcile themselves.
Three surfaces on one PostgreSQL core. A Next.js web application, a 119 screen React Native app and a ten page operator console read the same 82 entity schema through 55 backend modules, so a capability shipped once appears everywhere it belongs.
Open the platform yourself. Six working logins are seeded and every one of them is live: a long-term investor, a professional trader, a small trader, a beginner, a general demo user and an operator. The demo worth running is the breadth one. Search an instrument, add it to a watchlist, place an order, then open the portfolio and watch the same position appear in the allocation view. Extra logins beyond the panels below: small@mxstocko.com | Small@123, beginner@mxstocko.com | Beginner@123, and demo@mxstocko.com | Demo@123.
mxstocko.mimeld.com
Live demo
FIRST-TIME INVESTOR VIEW
Groww Clone - Portfolio, Funds & Systematic Plans
The long-term surface. Mutual fund discovery by category, NAV and AMC detail, SIP creation with step-up and top-up, goal tracking, dividend history and a portfolio view carrying CAGR, XIRR, risk score and sector allocation.
1Start the web app in whichever browser you like
2Sign in using the investor credentials listed below
The execution surface. Four order types crossed with five product types and four validity modes across five exchanges, plus the options chain, intraday tools, the margin facility, the screener and technical indicators, with the full charge breakdown shown before confirmation.
Operator governance across ten pages. User management with status changes, the KYC review desk, order inspection and override, the support ticket queue, platform analytics, the audit log viewer, feature flags, security policies and the demo to production mode switch.
1Launch the admin console from your browser
2Log in using the operator credentials listed beneath
A branded Android build of the React Native application, covering 119 screens across investing, trading, holdings, wallet, KYC, alerts, research and all thirteen calculators, with biometric unlock, Firebase messaging and home-screen widgets, running against the same API as the web app.
Groww Clone Video Demo: Onboarding, First Order, SIP & Operator Walkthrough
This is the platform seen from the operator's chair, not a reel of features. The tour starts with a signup and a KYC submission carrying its documents, then picks that record up in the operator console, which is where review and approval happen and the audit row gets written. Next a wallet gets funded and an order goes in, with the charges itemized before you confirm; the position it creates lands in the allocation chart and in holdings. After that comes a SIP set up with a step-up and a goal tied to it, and, at the far end, the tax P&L view. If one flow matters more to you than the tour, just ask and we will demo it live with data loaded.
These screens cover the surfaces that count: a dashboard with allocation and performance charts; search across equities, funds and US symbols; stock and fund detail pages; an order ticket that itemizes charges; holdings plus the portfolio analytics view; SIP and goal flows; the wallet and alerts list; a KYC wizard that takes document uploads; and an operator console holding queues for users, KYC, orders, tickets and audit.
9 screens · scroll →
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Three journeys are worth tracing. An investor passes from signup through KYC approval and on to a funded wallet, then a first order, then a portfolio that shows it. A trader starts at the screener, goes on into the options chain and finishes with an order. An operator takes a KYC record that has been submitted through to an approval, which leaves an audit row for the compliance officer to read later. The web app holds the complete experience, the React Native app reaches 119 of its screens, while the F&O terminal and admin console are designed web-first. Would you like a guided tour of one flow? Book a call, and that surface opens for you, populated with live data.
Groww Clone Client Reviews - Live Platforms, What Was Measured
Feedback from operators who launched investment and trading platforms with Miracuves.
EErick BrennanCo-founder, Blue Silent Capital
“RFQ, matching and post-trade reporting was our long pole. Their OTC module covered it, and we layered on our compliance checks and multi-leg settlement. First counterparties were trading within weeks and we saved a third of the engineering budget.”
BBRC20 TeamFounding team, BRC20
“Order book, matching, settlement and wallets are the long pole and they already existed. We layered on our token support, our listing rules and our compliance checks. Trading inside a month rather than the two quarters a from-scratch build was quoted at.”
WWhizzxbook TeamFounding team, Whizzxbook
“Order book, wallets and settlement existed. Our work was onboarding, our pairs and the compliance checks we are held to. Trading in weeks rather than quarters.”
AAnton BarbaroFounder & CEO, Annurax Exchange
“We had a licence sitting idle and every quote we pulled came back six figures on a nine-month timeline. Miracuves had a matching engine, settlement and the trading surface already built, so we spent our time on branding, the on-ramp and our reward token instead of on order books. The platform was running inside a month, and we have had no settlement incidents since.”
Think of this reference deployment as a model for configuring the shipped platform for an operator who opens with equities and mutual funds, then expands later. Read it as an example case, not as a client engagement, and every figure reflects a characteristic of the platform itself instead of a result anyone reported.
Groww CloneHypothetical Reference Rollout
India Multi-Asset Retail Investing Launch
How the shipped platform is configured for an operator launching equities and mutual funds first, then switching on US equities, alternatives and the systematic plan stack as licensing allows.
Illustrative scenario onlyNo customer involved
IndiaRegion
Retail Investing, Multi-AssetIndustry
82Database entities
119Phone views covered
6 daysWeeks to Launch
01Challenges
Running equities, mutual funds and US stocks as three separate stacks nobody can reconcile
A KYC desk improvised in scripts, with no reviewable trail of who approved what
Systematic plans treated as a later phase, so the highest-value segment never activates
02Goal
Put every asset class into one portfolio, one wallet and one KYC record
Give operations a review desk rather than a database client
Ship the wealth layer at launch instead of quoting it as phase two
03Prepared by Miracuves
One order model covering twelve instrument types through polymorphic keys
SIP, STP and SWP as first-class entities with step-up and top-up
Seven-state KYC lifecycle with checksummed documents and an audit trail
Ten-page operator console with demo and production mode switching
Portfolio analytics carrying CAGR, XIRR, risk score and sector allocation
What follows is a modeled reference deployment and no client engagement. It illustrates the configuration the shipped platform would take in this market, built from platform properties instead of reported outcomes.
Client deployments by name appear elsewhereReal engagements and their own reported figures are in the Miracuves portfolio.
Model this against your own launch planSee how the multi-asset portfolio and the wealth layer are configured end to end.
A Groww Clone is a ready-made retail investing platform that treats breadth as the product. One user record carries one KYC submission, one set of wallets and one portfolio, and that portfolio holds Indian equities, US equities, mutual funds, ETFs, index funds, IPO allotments, derivatives, commodities, currency, bonds, fixed deposits, digital gold, SGBs, REITs and P2P positions without the user ever leaving the app to reach any of them.
Not a Licensed Broker
This is platform software. Broker registration, exchange membership and KYC/AML licensing remain the operator's responsibility. What ships is the control fabric those licenses are examined against: the KYC lifecycle, the audit log, RBAC and retention guidance.
Sold, Not Rented
You receive the source, the 82 entity schema, the migration runner and the seeders. No per-seat fee, no vendor roadmap dependency, and a standard PostgreSQL underneath that any team can hire for.
Readiness Without Gloss
Connecting to a live broker is integration work for each venue, you provide the production payment keys, price alerts trigger only on above and below conditions, and the 2FA enable endpoint has not been implemented. We say so here so none of it surprises you later.
Built for Web, Mobile & API
How Should You Define a Groww Clone Script?
The script is the code underneath all of that. It consists of a web application on Next.js 16 that has 167 route handlers serving as its backend-for-frontend, a NestJS 11 core API spanning 55 modules, a PostgreSQL schema of 82 entities managed through TypeORM, a React Native app (119 screens), a deployment kit with four CI pipelines, four Grafana dashboards, Docker, nginx and PM2. Ownership is yours completely, and you launch it under your brand.
01One portfolio spanning fifteen asset classes
02SIP, STP and SWP as first-class entities
03Seven state KYC lifecycle with an operator review desk
04Ten page admin console with audit and mode switching
05Five subscription tiers gated by features and limits JSON
In simple words, it is the shortcut to launching an investing product that does not fragment as it grows. The polymorphic instrument pattern is what makes that possible: orders, holdings and watchlists each carry nullable per-asset foreign keys plus a type discriminator, so adding an asset class is a new entity and a seeder rather than a new stack. Underneath sit 15 database seeders, 11 queue producers, 5 scheduled jobs and an audit fabric that records the before and after of every operator action.
Every capability below is built and demonstrable. Where a feature needs a third-party account or a license, or ships as a schema capability rather than an evaluated one, that is stated against the feature rather than implied away.
01
Feature 01 / 12
One Order Model, Twelve Instrument Types
A single orders table carries nullable keys for stock, US stock, mutual fund, ETF, index fund, future, option, commodity, currency, bond, gold and REIT, plus a type discriminator. Adding an asset class does not fork the execution path.
Indian equities across NSE and BSE
Search, quote, chart and detail per symbol
Top gainers, losers, most active
52 week high and low screens
02
Feature 02 / 12
Charges Computed Server-Side
Brokerage, STT, GST, transaction charges, total and net amount are calculated on the server and shown before confirmation. Client-supplied charge values are never trusted, which closes the most common revenue leak in retail trading.
US equities on NYSE and NASDAQ
Own catalog, quotes, charts and CIK identifiers
Dedicated us_stocks portfolio type
Live US execution is an integration
03
Feature 03 / 12
Portfolio Mathematics Done Properly
CAGR, XIRR, risk score, day change, invested against current value, and allocation stored as structured JSON for both asset class and sector. This is the hardest part of an investing product to get right and it is already correct here.
Mutual funds by category and AMC
NAV, expense ratio, exit load and benchmark
Minimum investment and minimum SIP amounts
ETFs and index funds with tracking index
04
Feature 04 / 12
Systematic Plans as Three Entities
SIP, STP and SWP each have their own model rather than being variants of one. Step-up percentage, top-up amount, auto-invest on dividend, and a scheduled and active through paused to completed lifecycle.
Four order types and five product types
Seven state lifecycle with partial fills
Brokerage, STT, GST and transaction charges
Charges computed server-side, never from the client
05
Feature 05 / 12
Cross-Market Portfolio
US equities carry their own catalog and a dedicated portfolio type, so Indian and US positions aggregate into one allocation view. Live US execution is a broker integration; everything up to the order is built.
Multiple portfolios per user
CAGR, XIRR and risk score
Asset and sector allocation as structured JSON
Day change and holdings count
06
Feature 06 / 12
KYC as a First-Class Domain
Typed submissions across individual, corporate and NRI, six document kinds, checksums on every upload, PEP and risk fields, expiry handling, and a dedicated KYC audit entity recording previous and new status per decision.
SIP with daily, weekly, monthly and quarterly cadence
Step-up percentage and top-up amount
Auto-invest on dividend
STP and SWP as separate entities
07
Feature 07 / 12
Verify Before Credit
Wallet balance changes only inside the payment verification path. Gateway callbacks cannot mint balance, the payment identifier is unique for idempotency, and the raw gateway response is stored for reconciliation.
IPO list, detail and grey market premium
Application and bidding flows
Allotment status tracking
Listing day position creation
08
Feature 08 / 12
Five Tiers Gated by JSON
Basic through enterprise across four billing cycles, with per-plan features and limits held as JSON. Repositioning a tier or gating a module is a configuration change rather than a release.
Bonds with ISIN, coupon and yield to maturity
Fixed deposits with bank list and booking
Digital gold, SGB and REIT surfaces
Commodities on MCX and FX pairs
09
Feature 09 / 12
Audit Fabric on Every Mutation
Operator actions write an audit row carrying actor, action, resource and the before and after state. The KYC domain keeps its own audit entity on top of that, which is what a compliance review actually asks to see.
Four wallet types with blocked and available balances
Margin used and margin available
Server-side verification before any wallet credit
Refunds with a stored gateway response
10
Feature 10 / 12
Demo and Production as a Switch
A platform mode subsystem with mode history, production readiness checks and a demo data reset, plus an isDemo flag on records. One deployment serves sales demos and production without a forked branch.
Seven state KYC across individual, corporate and NRI
Six document types with SHA-256 checksums
PEP flag, risk category and verification level
Operator approve and reject with reason
11
Feature 11 / 12
Thirteen Calculators, Both Surfaces
SIP, SIP top-up, STP, SWP, lumpsum, goal SIP, EMI, FD, inflation, margin, NPS, PPF and brokerage, present on web and on mobile. These are the top-of-funnel acquisition asset most investing platforms build late.
Price alerts on above and below conditions
Nine notification types with priority levels
In-app feed plus WebSocket fan-out
Push delivery needs Firebase configured
12
Feature 12 / 12
Mobile at 119 Screens
Not a wrapper. Calculators, alternatives, ESG and comparison research, market intelligence, biometric unlock, MMKV storage, offline detection and home-screen widgets for portfolio, watchlist and indices.
Thirteen calculators on web and mobile
Academy courses with progress tracking
Tax P&L and harvesting suggestions
Dividend tracker and corporate actions
To buyers, a note:
The platform ships complete as software, yet a handful of items rest with you. Live broker execution is wired in one venue at a time, and market-data vendor licensing, production payment keys, the queue workers, Firebase push and SMTP each require accounts or setup that you provide. Two points call for extra caution because claims made about them tend to overpromise. Price alerts only evaluate conditions of above and below; the wider set listed in the schema, such as RSI, moving-average crossovers, volume spikes and news keywords, is still scoped work, not a shipped evaluator. In the same way, the 2FA enable endpoint is not implemented, although the TOTP libraries are included. Becoming a registered broker and obtaining KYC/AML licensing falls to you.
The operator console exists so that operations does not queue behind engineering. KYC approvals, order investigations, feature toggles and support tickets are all screens rather than database queries, and every mutation leaves an audit row behind it.
Management Screens
01
Dashboard & Activity
Platform statistics and an activity feed, which is the screen most operators open first each morning to see what moved overnight before anything else gets attention.
02
Investor Account Control
Search and open a user, read their profile and KYC state, and change status across active, inactive, suspended and deleted. Suspension is enforced at the service layer, so a valid token does not survive it.
03
KYC Review Desk
The revenue gate. Typed submissions with their documents, PEP and risk fields visible, approve or reject with a reason, and a dedicated KYC audit entity recording previous and new status per decision.
04
Order Oversight
Inspect any order across its seven state lifecycle with the rejection reason preserved, and override status where operations genuinely needs to. Every override writes an audit entry with the before and after.
05
Activity Trail Browser
Actor, actor type, action, resource and the before and after JSON for every operator mutation. This is the artifact a compliance review asks for first, and it is a screen rather than an export script.
06
Release Toggles
Runtime toggles per module, giving a single view of what is enabled for whom. Combined with the per-plan JSON, packaging changes stop requiring a deployment.
07
Support Ticket Desk
User tickets with status, priority and assignment, inside the same console as the user record, so a support agent has context without a second system to log into.
08
Platform Mode Switch
Demo and production modes with mode history, production readiness checks and a demo data reset. This is what lets one deployment serve enterprise sales demos and live customers without a forked branch.
Security Console
Security policy endpoints surfaced as an admin page, alongside system health. Certification and penetration testing remain operator pursuits; the controls they examine are here.
User list, detail and status changes
KYC review with approve and reject reasons
Order inspection and status override
Support ticket desk with assignment
Analytics
Platform metrics for operators alongside the investor-facing portfolio analytics, computed in services rather than in controllers so the heavy aggregates can move behind a queue or a replica later.
Platform stats and analytics
Activity feed and audit log viewer
Feature flags toggled at runtime
Security policies and system health
Need stricter controls?
The admin login path is kept apart from the retail JWT, which means a stolen customer credential gives nobody operator access, and each operator mutation is written to the audit log with its before and after values. Operators can configure roles, which are defined in the RBAC tables. Scoped but not shipped: SIEM integration, hard row-level multi-tenancy and multi-factor authentication enforced for admin roles. If your review process asks for any of these, let us know.
Everything in the Box: Apps & Release Setup Plus the Groww Clone Source Code
Ownership transfers in full. That matters more here than on a narrower product, because breadth is exactly the thing operators extend: a new asset class, a new venue connector, a new plan tier.
YBrand logo here
01
Uncompiled Code Handover
Web application, core API, mobile app and operator console, all yours to change, rebrand and redeploy with no license conditions attached and nothing counted per seat.
Next.js 16 web application
100+ pages across 41 dashboard route domains
53 component domains
167 backend-for-frontend route handlers
OrdersHoldingsWatchlistsWalletsKYCAudit
02
82 Entity Schema
The full PostgreSQL model on TypeORM with polymorphic instrument keys, jsonb extension columns, indexed hot paths, a migration runner and 15 seeders for catalogs and demo data.
NestJS 11 core API
55 modules across 52 domains
Swagger and OpenAPI decorators
Guards, filters, interceptors and pipes
03
Multi-Asset Order Engine
Four order types, five product types, four validity modes, five exchanges, a seven state lifecycle with partial fills, and server-side charge computation across brokerage, STT and GST.
PostgreSQL schema on TypeORM
82 entities with jsonb extension columns
Migration runner and CLI config
15 database seeders for catalogs and demo data
04
Wealth Layer Modules
SIP, STP and SWP with step-up and top-up, goals with progress tracking, tax P&L with harvesting suggestions, dividends, corporate actions and thirteen calculators.
React Native 0.73 application
119 screens plus 15 Expo Router routes
EAS build profiles for iOS and Android
Biometrics, MMKV, Firebase and widgets
05
KYC & Compliance Stack
Seven state lifecycle across three account types, six document kinds with SHA-256 checksums, PEP and risk fields, an operator review desk and a dedicated KYC audit entity.
Ten page operator console
Separate admin authentication path
Audit log, feature flags and mode management
Support ticket desk
06
React Native App
119 screens plus 15 Expo Router routes, biometric unlock, MMKV storage, Firebase analytics and messaging, offline detection, home-screen widgets and EAS build profiles.
Docker Compose for dev and production
nginx reverse proxy configuration
PM2 process configuration
Four GitHub Actions CI/CD workflows
07
Operations Cockpit
Ten pages covering users, KYC, orders, tickets, analytics, audit, feature flags, security and system health, with separate admin authentication and demo to production mode switching.
Prometheus scrape configuration
Four Grafana dashboards
Health endpoints and a synthetic monitor
Deploy, rollback, backup and validation scripts
$ docker compose up -d
nginx + PM2Grafana
08
Deployment & Docs
Docker Compose, nginx, PM2, four CI/CD workflows, Prometheus and four Grafana dashboards, deploy and rollback scripts, plus the eleven document evaluation suite.
Eleven documentation files
Schema, ERD and API collection
VAPT reference mapped to the OWASP Top 10
Developer and security handbook
Want to see it in action before you decide?
Use any of the six demo logins above, or book a walkthrough and we will register an account, push it through the KYC desk, fund a wallet, place an order with the charges visible, and open the portfolio it lands in, against the asset classes you are actually planning to launch with.
How Much Does It Cost to Build an Investment App Like Groww in 2026?
A single fixed price covers the platform: $9,099. The variable part is how much you activate for day one. Each broker needs its own venue connector for live execution. Vendor licensing for market data is held by you, not by us. Merchant accounts are a prerequisite for payment gateways. Enabling the queue workers and Firebase push, so that systematic plans can settle and users receive notifications at launch, takes real configuration effort. Store publishing is quoted separately too.
Commonly Picked
Professional
ReadyMade Prebuilt Package
$9,099/-once-only payment
Go-live: 6 days
Good fit: Neo-broker founders, wealth platforms & distribution-led fintechs
What you receive matches the demo you see, carrying your branding and hosted on your own infrastructure.
The platform suits operators whose product thesis is breadth rather than execution speed. If your differentiator is routing latency or an algo engine, our Zerodha Clone is the better starting point and we would rather say so than sell you the wrong one.
Audience 01 / 06Banks Adding an Investing Tab
Institutions that need the KYC lifecycle, the wallet ledger and the audit fabric to survive an internal compliance review before anything customer-facing is discussed.
01
MXStockoSharing a single codebase
Audience 02 / 06Cross-Market Platforms
Operators selling US market access to domestic investors, who need one portfolio spanning both markets rather than a second app and a currency the user has to reconcile mentally.
02
MXStockoSharing a single codebase
Audience 03 / 06Education-First Platforms
Businesses where the academy and the thirteen calculators are the acquisition product, and investing is the monetization layer that activates once a user is ready.
03
MXStockoSharing a single codebase
Audience 04 / 06Brands Launching Under Their Name
Teams launching several branded platforms, where theme tokens, feature flags, plan JSON and metadata columns make each tenant a configuration rather than a fork.
04
MXStockoSharing a single codebase
Audience 05 / 06Neo-Broker Founders
Teams launching a retail investing brand who need equities, funds and the wealth layer live together on day one, rather than shipping a trading app and quoting mutual funds as phase two.
05
MXStockoSharing a single codebase
Audience 06 / 06Wealth Managers and RIAs
Advisory businesses whose product is goals, portfolios, tax efficiency and systematic plans, where the trading surface is one module among many rather than the center of the experience.
06
MXStockoSharing a single codebase
Where this one earns its place is when the roadmap already contains a second and a third asset class, or a wealth layer, or a compliance review. Those are the three things that are expensive to retrofit and cheap to have from the start, because all of them are decisions the schema either made or did not.
Launch equities and mutual funds first, with alternatives, derivatives and the US catalog switched off behind feature flags until licensing allows them. The schema already carries every one, so widening later is configuration rather than a migration.
01
WealthSIP & GoalsWealth-Led Platforms
Lead with the wealth layer instead. SIP, STP and SWP with step-up and top-up, goals linked to the plans funding them, tax P&L with harvesting suggestions at year end, and dividend and corporate-action tracking underneath.
02
Cross-MarketUS EquitiesCross-Market Access
Sell cross-market access. US equities carry their own catalog, quotes, charts and portfolio type, so an investor holds Indian and US positions in one allocation view. Execution is a venue integration; everything up to it is built.
03
ComplianceKYC DeskCompliance-First Deployments
Pass a compliance review. Typed KYC across individual, corporate and NRI, checksummed documents, an operator review desk, an audit row on every mutation, RBAC with separate admin authentication, and retention guidance per data class.
Monetize with tiers rather than with brokerage alone. Five plans across four billing cycles with trials and auto-renew, gated by features and limits JSON so packaging changes are configuration and not releases.
05
White-LabelMulti-BrandMulti-Brand Operators
Run several brands from one codebase. Theme tokens, app naming, feature flags, plan JSON and metadata jsonb columns absorb tenant-specific fields, with demo and production modes keeping sales environments away from live data.
06
Every one of these is the same deployment with different switches thrown. That is the point of feature flags and per-plan JSON: the configurations above are settings rather than forks, so an operator can move between them without a migration or a second codebase to maintain.
Multi-asset investing is no longer a differentiator, it is the baseline a retail platform is judged against. What still separates operators is how much of a customer they can hold in one place, and how quickly they can widen when a license or a market opens up.
Miracuves’ Groww Clone is built as a multi-asset retail investing platform adaptable to any catalog of instruments, monetized through brokerage, subscriptions and systematic plan AUM where your business requires it, and white-labeled entirely under your brand.
12sectors one platformMXStocko
01NbNeo-Broker Founders
02WmWealth Managers & RIAs
03BnBanks & NBFCs
04CmCross-Market Platforms
05EfEducation-First Investing
06MfMutual Fund Distributors
07IlInsurance-Linked Investing
08EwEmployee Wealth Platforms
09StSocial Trading Startups
10NcNRI & Corporate Accounts
11WlBrands Launching Under Their Name
12AbStudios & Coders
The Groww Clone suits any operator whose product thesis is holding more of a customer’s financial life rather than executing a trade marginally faster. Neo-broker founders launch equities and funds together with the wealth layer live from day one. Wealth managers and RIAs lead with goals, portfolios and tax efficiency, treating the trading surface as one module. Banks adding an investing tab need the KYC lifecycle, the wallet ledger and the audit fabric to clear internal compliance first. Cross-market platforms sell US access inside one portfolio rather than as a second app. Education-first businesses use the academy and the thirteen calculators as the acquisition product. Insurance-linked and employee-wealth platforms reuse the goals and portfolio spine. White-label vendors run several brands as configurations of one deployment. Agencies and builders take the source and extend it under their own delivery model.
06Under the hood
Whole Investor Journey
How the Groww Clone Works - Onboard, Fund, Invest & Compound
The path below is the one the platform is built around, and every step of it is enforced in the service layer rather than in the client, which is what makes the sequence auditable after the fact.
Investor Journey, From Signup to a Compounding Portfolio
Swipe · 6
1
Sign Up and Confirm Identity
A new investor signs up and verifies their identity contact before anything financial is possible. Registration is DTO-validated and the password is stored as a bcrypt hash the API will not return.
Email and password registration with validation
Email verification and mobile OTP flows
JWT access token plus a rotating refresh token
Individual, corporate and NRI account types
2
Complete KYC
The revenue gate. Documents are uploaded with checksums, the record enters the review queue, and an operator approves or rejects it with a reason that is preserved.
Six document types with SHA-256 checksums
PAN and Aadhaar verification endpoints
PEP flag, risk category and verification level
Seven states from pending through to approved or expired
3
Add Money to Wallet
Money moves only after server-side verification. A gateway callback on its own never credits a balance, which is the single most important control on the money path.
UPI, card and netbanking through gateway adapters
Wallet credit occurs only inside the verify path
Unique payment identifier gives idempotency on retries
Raw gateway response stored for reconciliation
4
Place the First Order
Eligibility is checked at order time rather than cached in the client: active user, approved KYC, funded wallet and plan limits. Charges are computed on the server and shown before confirmation.
Four order types across five product types
Brokerage, STT, GST and transaction charges itemized
Seven state lifecycle with partial fill tracking
Rejection reasons preserved for support and compliance
5
Watch the Portfolio Form
The position lands in holdings and the portfolio aggregates recompute. This is the screen investors open most often, and the mathematics behind it is the part most platforms get wrong.
Invested against current value with day change
CAGR, XIRR and a risk score per portfolio
Asset and sector allocation as structured JSON
Indian and US positions in one allocation view
6
Compound With Systematic Plans
The step that turns a customer into an AUM book. A SIP settles on its schedule through the queue path, funded from the wallet, and can be linked to a goal that tracks its own progress.
Daily, weekly, monthly and quarterly cadence
Step-up percentage and top-up amount
Goals with target amount, date and progress
Tax P&L and harvesting suggestions at year end
Pictured Process MapRegister & VerifyVerification CompleteWallet FundedFirst OrderPortfolio FormsSIP Compounds
How It’s Built
Server Process Flow and Architecture of the Groww Clone Platform
One Order Model01Modular One-Codebase Design02Dual API by Design03Verify Before Credit04State Machines in the Service Layer05Extensible Without Migrations06
01
Layer 01
One Order Model, Many Instruments
Nullable per-asset foreign keys plus an instrumentType discriminator let one orders table, one holdings table and one watchlists table serve twelve instrument entities. This single decision is why the platform is broad without being twelve stacks.
02
Layer 02
Modular Monolith, Not Microservices
Cross-domain invariants like wallet balance against order settlement, and KYC status against trading eligibility, stay inside one transaction boundary. The hot modules, market data and websocket, are structured for later extraction.
03
Layer 03
Dual API by Design
The NestJS core at /api/v1 is canonical for mobile and integrators. The Next.js BFF at /api aggregates for browsers, holds the admin cookie session away from the retail JWT, and carries the demo-mode shortcuts.
04
Layer 04
Verify Before Credit
Wallet balance changes in exactly one place: the payment verification path. A replayed or forged gateway callback cannot mint money, and the unique payment identifier makes retries idempotent.
05
Layer 05
State Machines in the Service Layer
Order, KYC, payment, subscription and wallet lifecycles are enforced in services rather than in triggers or in the client, and every operator-initiated transition writes an audit row carrying the before and after.
06
Layer 06
Extensible Without Migrations
jsonb metadata columns sit on most entities, and subscription features and limits are JSON. Tenant fields and packaging changes land as data rather than as schema churn.
One language end to end. TypeScript across the web application, the core API and the mobile app, on conventional frameworks that any team can hire for, with PostgreSQL underneath and no proprietary format to unwind.
01BROWSER APPLICATION
Web Application
Next.js 16 · React 19 · Tailwind · Radix
Next.js 16React 19TailwindRadix
41 dashboard route domains across 100+ pages
53 component domains including a motion library
TanStack Query for server state, Zustand for client state
PWA with an offline page, i18n locales and dark and light themes
02API
API Layer
NestJS 11 core · Next.js BFF · Passport JWT
NestJS 11 coreNext.js BFFPassport JWT
55 core modules, 52 of them domain modules
167 backend-for-frontend handlers with Zod validation
Guards for JWT, roles and API keys
Admin cookie session held apart from the retail JWT
03DATA
Database
PostgreSQL · TypeORM 0.3
PostgreSQLTypeORM 0.3
82 entities with jsonb metadata extension columns
Polymorphic instrument keys on orders, holdings and watchlists
Indexed hot paths on user and status, symbol and status, created date
Migration runner plus 15 seeders for catalogs and demo data
04MOBILE
Handset Application
React Native 0.73 · Expo Router
React Native 0.73Expo Router
119 screens plus 15 Expo Router routes
Biometric unlock and MMKV secure storage
Firebase analytics and messaging, NetInfo offline detection
EAS build profiles and home-screen widgets
05JOBS
Real-Time & Async
Socket.io · Bull · Redis
Socket.ioBullRedis
WebSocket gateway for market ticks, orders and notifications
11 queue producer services, gated by QUEUE_ENABLED
5 scheduled jobs including the NSE provider refresh
Systematic plan installments settle through the queue path
06CONSOLE
Deployment & Observability
Docker · nginx · PM2 · Grafana
DockernginxPM2Grafana
Compose files for development and production
Four GitHub Actions workflows and a validation script
Prometheus scrape config with four Grafana dashboards
Health endpoints plus a synthetic monitor
Reason for this tech:
Every integration sits behind a service interface rather than inside the domain modules, so payments, market data and push are adapters. Razorpay and Stripe gateways, NSE and Yahoo Finance data providers and an FCM push provider all ship against those interfaces, which is what makes adding a broker venue or a new data vendor an adapter implementation instead of a rewrite. Nothing here is proprietary and nothing is hard to hire for.
Built to Scale - Indexed Hot Paths, Stateless API & Queue Smoothing
The workload is read-heavy and bursty. Quotes, dashboards and watchlists dominate traffic, and the bursts land on market open and close, which is what the topology is shaped around.
01
Bursts Land on the Bell
Market open and close produce read spikes on quotes and portfolios rather than write spikes, so the mitigation is caching and fan-out rather than more database capacity. What absorbs the burst:
A Socket.io gateway pushes market ticks, order updates and notifications, which removes the polling load that otherwise lands hardest exactly at market open
TanStack Query cache on the client
Redis caching path for hot reads
02
Writes Get Smoothed by Queues
Systematic plan settlement windows and news ingestion are the write bursts, and both run through Bull producers so they never contend with interactive traffic. What the queue path carries:
Retail investing traffic runs roughly nine reads to every write, and almost all of it is the same handful of queries scoped by user and status. The queue and reporting scans stay flat as volume climbs. What the schema indexes:
Orders by user and status
Orders by symbol and status
Orders by creation date
KYC by user, status and PAN number
04
No server-side session stateLoad balancerResponse compression
Stateless API Instances
No server-side session state on the core API, so capacity is added by putting more instances behind a load balancer rather than by rearchitecting anything.
Response compression on every route
A WebSocket Redis adapter, read replicas, pgBouncer and CDN fronting are each documented as scoped additions rather than quietly implied as present
05
Storage Grows Where Compliance Requires It
The tables that grow without bound are the ones a regulator will later ask you to produce, which makes retention a design decision rather than a cleanup task. What the retention model separates:
Orders, transactions and payments held seven years
Audit logs archived then purged on the same horizon
Sessions hard deleted after 30 idle days
Notifications archived at 90 days
06
Space to Grow Afterward
A modular monolith is the right shape at launch because the invariants that matter, wallet balance against settlement and KYC status against eligibility, stay inside one transaction boundary.
The hot modules are structured for extraction when metrics justify it
Market data and the websocket gateway are the two that would go first, and neither move requires the API contract to change
Every monetary column is a fixed-scale decimal. It is a small decision that prevents the class of rounding defect that is almost impossible to unwind once it has been in production
Scaling path:
Vertical first through the connection pool, the indexes and Redis for hot reads, which are already configured. Then stateless API instances behind a load balancer, then a Redis adapter for multi-node WebSocket fan-out, then read replicas for analytics. Extraction of market data and websocket out of the monolith comes when the numbers justify it rather than before.
Groww Clone Security: Aligned to OWASP and Plainly Documented
A dedicated VAPT reference maps this platform against the OWASP Top 10. What is present is listed as present, and what needs configuring before a high-assurance go-live is written down as a labeled requirement rather than quietly omitted.
01 · Payments
No Card Data on the Server
Payments run through hosted checkout and tokenization at Razorpay or Stripe, so no card number is written to the database. This is the single strongest control in the stack and it also reduces PCI scope.
02 · Wallet
Wallet Credit Has One Door
Balance changes only inside the server-side verification path. A gateway callback cannot credit money on its own, and the unique payment identifier makes a replayed callback idempotent rather than profitable.
03 · Passwords
Passwords Never Leave the Database
bcrypt hashing with select:false on the column, so the hash is not returned even by a careless query. Access and refresh tokens are signed with separate secrets and the refresh token rotates.
Secrets Belong in a Vault: Configuration is environment-variable driven, which is correct for the codebase and insufficient for production. Moving credentials into a managed secret store, and keeping them out of images and logs, is a deployment step.
Rate Limits Need Tuning: A global throttle of 100 requests per minute ships. Authentication and OTP routes deserve tighter limits than the default, and account lockout after repeated failures is configuration rather than a bundled control.
04 · Admin
Admin Blast Radius Contained
Operator authentication is a separate path with its own session surface, so a compromised retail credential grants no console access, and every operator mutation is audit logged with before and after values.
2FA Is Not Enabled: The TOTP libraries ship, but the enable endpoint is not implemented. Enforcing multi-factor authentication, which matters most for operator accounts, is configuration work we complete with you rather than a control that arrives switched on.
Tenancy Is Convention, Not Enforcement: Multi-tenant separation today rests on jsonb metadata conventions and operator configuration. Hard row-level tenancy is a customization we scope, and it is never presented as something already enforced.
05 · Documents
Documents Are Tamper-Evident
Every KYC upload carries a SHA-256 checksum and a UUID key, with no personally identifying information in filenames, so tampering is detectable and paths are not guessable.
Uploads Are Not Virus Scanned: Size limits, MIME checks and checksums are applied, and storage sits outside the web root. Antivirus scanning and a move to object storage with presigned URLs are integrations rather than shipped modules.
06 · Input
Input Rejected by Default
The validation pipe runs whitelist and forbidNonWhitelisted, so unknown properties are rejected rather than ignored. TypeORM parameterizes every query and rendered content is sanitized on the web surface.
Swagger Must Be Closed: API documentation is environment gated and needs to be disabled in production, alongside tightening the CORS allow-list. Both are checklist items in the deployment kit rather than defaults you can ignore.
The money path and the identity path carry the strongest controls, which is the right priority for a platform handling both. Where the gaps are, they are operational hardening items rather than architectural absences, and they are named in the controls above rather than left for a penetration test to find.
Groww Clone Compliance - Software Scope, Licensing and Market Partners
Software is what a Groww clone is; it is no brokerage license. Miracuves builds and delivers the platform layer, which consists of a multi-asset order model with server-side charge computation, SIP, STP and SWP, portfolio analytics and holdings, operator controls, wallets that verify payments before crediting, audit logs, and a KYC lifecycle with its own review desk. Activities that are regulated include sending orders to an exchange, holding client securities and money in custody, distributing mutual funds and giving investment advice. A licensed entity must carry them: your own company, if it holds the registrations, or else a partner that you connect to, for example a broker, custodian, distributor or depository participant. Our work is aimed at that partner’s APIs. It never replaces the partner, and Miracuves does not act in that role.
The software architecture is prepared for PCI-DSS & ISO 27001, while keeping fiat live means integration with a licensed sponsor bank (BaaS / EMI).
“Ready” means the architecture is built to the controls those frameworks require: card payments tokenized at the processor rather than stored as card numbers, encryption in transit and at rest, role-based access with a separate admin authentication path, before-and-after audit logging and environment separation. Your certification audit therefore starts from a compliant codebase instead of a rebuild. It is not a certificate. Miracuves holds no PCI-DSS or ISO 27001 certification on your behalf and displays no compliance badge without the certificate behind it. Certification is issued to the operating entity, against its own environment, processes and hosting.
What the Product Handles
A multi-asset order model that computes charges on the server, SIP, STP and SWP, holdings and portfolio analytics, and wallets that verify before they credit. KYC documents are checksummed and move through a seven-state lifecycle, backed by role-based access, audit logs and the operator review desk. You receive all of it as source code you own.
What Needs a License
Executing orders on an exchange, holding securities in demat or custody, holding client money, distributing mutual funds, giving investment advice and reporting to a regulator. That authority sits with your broker, depository participant, distributor or adviser registration, or with a partner who holds it. Software cannot substitute for it.
Scope for Card Data Under PCI-DSS
Payments run through hosted checkout and gateway-side tokenization, which means the platform's database never stores a card number and cardholder data remains within the processor’s certified environment. The PCI-DSS assessment scope you carry therefore stays as small as your integration permits.
Region Decides the Path
In India, broking and demat need SEBI registration in the roles of stock broker and depository participant, mutual fund distribution needs AMFI registration, and advice needs registration as an SEBI investment adviser (RIA). In the US, brokerage needs a broker-dealer that is registered with the SEC and holds FINRA membership, and advice needs investment adviser registration. Using the software does not make you a broker, an adviser or a distributor, so agree your route with a licensed partner or with counsel who handles securities. No legal, licensing or regulatory guidance comes from Miracuves.
08Grow the platform
Baseline bundleMXStocko
Multi-asset orders
Portfolio & wealth layer
KYC desk & audit
Operator admin area
How add-ons work
1
Pick your components
Add modules at launch or any time after; the core is not rebuilt.
2
Module-by-module quotes
Each add-on module is quoted on its own, with the scope written down.
3
Delivered in your repository
This add-on is delivered as owned source code too, matching the core.
The platform is complete today and can be demonstrated. Operators most often come back to ask about the items below: typically a third-party account or license is behind the question, or the compliance posture they hold needs controls that are not enabled when shipped.
Drag to look around · hover to freeze
01
Execution & market data
Broker Venue Connectors
The order lifecycle carries brokerRef and exchangeOrderId and the state machine is ready for fills and rejections. Connecting an actual venue, and mapping its statuses onto the seven order states, is an integration per broker.
Execution · Broker Venues
02
Execution & market data
Market Data Licensing
NSE and Yahoo Finance provider services ship behind a provider interface, so adding a vendor is an adapter. The licensing itself is yours, and it is the item most commonly underestimated on a launch plan.
Data · Vendor Licensing
03
Execution & market data
Richer Alert Conditions
Price alerts evaluate above and below today. Volume spikes, RSI thresholds, moving-average crossovers, 52-week triggers and news keywords exist in the schema but not in the evaluator, and building that evaluation is scoped work.
Alerts · Rich Conditions
04
Tightened security
Multi-Factor Authentication
TOTP libraries are present and the enable endpoint is not implemented. Completing it, and enforcing it for operator roles specifically, is the authentication item enterprise reviews raise most often.
Auth · 2FA & MFA
05
Tightened security
Object Storage and Scanning
Uploads land on local storage with checksums today. Moving to S3 with presigned URLs, and adding antivirus scanning to the KYC ingestion path, are the two file-handling integrations regulated buyers ask for.
Storage · S3 & Scanning
06
Tightened security
Row-Level Multi-Tenancy
Tenant separation rests on jsonb metadata conventions. Hardening it into enforced row-level tenancy with a tenant column and scoped queries is a customization, and we would rather scope it than imply it exists.
Tenancy · Row-Level
07
Enterprise & audit
Observability Beyond Grafana
Prometheus, four Grafana dashboards and health checks ship. Error tracking through Sentry, log shipping into a SIEM and alerting thresholds tuned to your traffic are configuration we complete during deployment.
Monitoring · SIEM
08
Enterprise & audit
Compliance Certification Support
The control fabric is built and mapped to the OWASP Top 10. SOC 2, ISO 27001 and a third-party VAPT engagement are operator pursuits, and this documentation suite is the scoping artifact they start from.
Compliance · Certification
Related Fintech Builds
Building a Fintech Product? We Offer Options Across the Entire Market.
The Groww Clone is one platform within a complete fintech suite. If your roadmap extends beyond multi-asset investing, these connect naturally.
01
Pick it if: Execution depth and an algo engine are the productZerodha Clone
Multi-broker trading platform with order routing, an algo engine and consolidated P&L.
A broad platform earns from more places than a trading app does, and that is the commercial argument for breadth rather than depth. Brokerage is transactional and cyclical. Subscriptions are recurring. Systematic plans compound into an AUM book that does not churn with the market.
010203040506
01
Brokerage and Charges
The order engine records brokerage, STT, GST and transaction charges with a net amount, computed server-side. Transaction revenue is present from the first order rather than retrofitted into the schema later.
02
Five Subscription Tiers
Basic, silver, gold, platinum and enterprise across monthly, quarterly, yearly and lifetime cycles, with trials, auto-renew and cancellation reasons captured for churn analysis. Recurring revenue exists at launch.
03
Per-Plan Gating as Configuration
Features and limits are JSON per plan, so US market access, F&O, tax harvesting or API access can be moved between tiers without a release. Pricing experiments stop being engineering work.
04
Systematic Plan AUM
SIP, STP and SWP produce a recurring book. This is the annuity that separates a wealth platform from a trading app, and it is the reason breadth pays back over a longer horizon than execution depth does.
05
Payment Economics
Payments carry fee and tax fields with adapters for Razorpay and Stripe. Float sits in four wallet types with blocked and available balances tracked separately. Live keys are yours to supply.
06
Branded Resale Licensing
Theme tokens, app naming, feature flags, plan JSON and metadata columns mean the same deployment can be licensed to another operator under their own identity without forking the codebase.
Where a Groww-style platform's money comes from: published brokerage, subscription price points, fund expense limits and gateway fees, with what caps each.
Revenue stream
How it is charged
Take rateTypical range
What sets the ceiling
Brokerage and Charges
Brokerage per executed order, with statutory levies itemized and passed through to the client.
Groww: Rs 20 or 0.1% per order, whichever is lower, minimum Rs 5. Zerodha delivery: Rs 0.
Competition and statute. Zero-delivery pricing sets the floor, while STT (0.1% on delivery buy and sell) and stamp duty are collected for the government, not earned by you.
Subscription Tiers
A recurring fee per plan, with trading features and limits unlocked at each level.
TradingView India: free, then Rs 995 to Rs 17,333 per month billed annually.
What each tier adds. Indicators per chart climb from 2 to 50 and active alerts from 3 to 1,000, so price tracks measurable limits rather than a vague premium label.
Systematic Plan AUM
A share of assets held in funds, earned only where you are licensed to distribute or manage them.
Groww direct funds: zero charges. Equity expense cap 2.10% on schemes up to Rs 500 crore.
Fund expense limits. A zero-charge direct plan pays the platform nothing, so this line exists only through your own fund arrangement. SEBI cut the top equity cap from 2.25% in April 2026.
Payment Economics
A per-transaction gateway fee on each deposit, with tax charged on the fee itself.
Razorpay's list: 2% platform fee, with 18% GST charged on the fee; overseas cards up to 3%.
Processor pricing. Setup, annual maintenance and refund fees are all Rs 0 on the public list, so cost is fully variable with deposit volume.
How to read this. Fees and statutory charges are published by Groww and Zerodha. Plan prices and limits are from TradingView's India pricing page, used as a stand-in for any paid-tier platform. The expense cap is as reported by Cafemutual on SEBI's April 2026 framework, and gateway fees are Razorpay's. The subscription and fund rows are comparisons from adjacent products, not Groww's own revenue. None of it forecasts Groww-style earnings; the figures are starting assumptions for your own model.
The asymmetry worth understanding is that the wealth layer costs nothing extra to run once it is shipped. A SIP created in month one keeps settling for years without further acquisition spend, which is why the highest-LTV segment in Indian retail investing is the one most platforms reach last.
Benchmarks for the Online Investing and Trading Market - Independent 2025-2026 Data
We produced the revenue models higher up; we did not produce the figures that follow. Those figures are published numbers from National Stock Exchange of India (NSE), Plus500, the Bank for International Settlements and Groww’s annual report, shown without alteration. Taken together, they indicate the size of the retail investor base, how much a broker at scale makes, and how big the currency market is.
NSE01
13.2crdistinct registered PANs, June 2026
NSE Counts 13.2 Crore Registered Investors
In its July 2026 Market Pulse, the NSE (National Stock Exchange of India) reports that, as of 30 June 2026, unique registered PANs stand at 13.2 crore, equal to 132 million investors. That edition also lists 1,328 trading members and covers over 99 percent of the pin codes in India, so a retail broking app has a large and still widening pool to serve.
Groww (FY2026)02
16.7mactive users as of 31 March 2026
Groww: 16.7m Active Users, Rs 46,446m in Revenue
According to Groww's annual report covering the year ended 31 March 2026, it runs the largest retail broking platform in India, measured by active clients, with more than 16.7 million active users. Revenue from operations on a consolidated basis rose 19 percent to Rs 46,446 million, and profit after tax was Rs 20,830 million, which gives a reference point, from a listed incumbent, on revenue and profit at scale.
Plus50003
$3,268FY2025 ARPU at a listed CFD broker
Revenue of $3,268 for Every Active CFD Customer in 2025
Plus500, which is a CFD and forex broker with a stock market listing, stated $792.4 million of group revenue for FY 2025 from 242,440 active customers, in preliminary figures released 9 February 2026. Its average revenue per user hit a record $3,268, up 8 percent, while the typical deposit per active customer came to about $26,900.
BIS04
$9.6tnDaily OTC FX turnover in April 2025
Global FX Trades $9.6tn Each Day, April 2025
April 2025 saw average daily turnover in over-the-counter foreign exchange of $9.6 trillion, according to the 2025 Triennial Central Bank Survey from the Bank for International Settlements. That is up 28 percent from the 2022 survey's $7.5 trillion daily average. In 89.2 percent of trades overall, the US dollar took one side.
Source list, as released.
National Stock Exchange of India, Economic Policy and Research, Market Pulse, July 2026 (Vol. 8, Issue 7), August 2026 - nsearchives.nseindia.com
Bank for International Settlements, OTC foreign exchange turnover in April 2025, Triennial Central Bank Survey, 30 September 2025 - bis.org
Each figure is a number the publisher itself reported, shown unchanged. Together they describe listed companies and the market, not how any platform Miracuves builds performs, and none of it projects revenue for your business.
Market Timing
Why Launch a Multi-Asset Investing Platform in 2026?
Indian retail investing has widened faster than the software behind most new entrants. Demat accounts, SIP books and derivatives participation have all expanded, but the typical new platform still ships equities first and quotes everything else as a later phase, which is precisely when the highest-value users go elsewhere.
01
Consolidation Beats Conversion
Every asset class a customer holds elsewhere is an invitation to move. Breadth is the retention mechanic in retail investing, and it is a property of the catalog rather than of the interface.
02
The Wealth Layer Is the Annuity
Brokerage is cyclical and follows the market. A systematic plan book settles on its own schedule for years, which is why it is the segment worth reaching first rather than last.
03
Compliance Is Now the First Question
Identity proofing, audit trails and retention are asked about before features are. They are also the most expensive things to retrofit into a schema that was not designed to carry them.
04
Cross-Market Is Table Stakes
US equities stopped being a premium add-on. A platform without them cedes its most engaged segment, and adding a second market later usually means a second stack nobody wants to reconcile.
05
Packaging Should Not Need a Release
Five tiers gated by JSON mean pricing is an experiment rather than a deployment. Most platforms discover they need this only after the first pricing change costs them a sprint.
06
Build Versus Buy, Answered
Building the same thing from scratch takes 18 to 24 months, covering mobile, admin, the mutual fund stack, portfolio mathematics, KYC and the order engine. A white-label deployment reaches your server inside six days.
Key Product Figures
82
Database Entities
55
Server Modules
119
App Screen Count
167
API Route Handlers
The second pressure is regulatory. Identity proofing, audit trails and record retention are the questions that get asked first now, not last, and they are expensive to retrofit into a schema that was not designed for them.
Revenue Logic at a Glance
Marketability, Revenue Potential & Growth Horizon
Retail investing is a scale business with a long payback, and the number that decides whether an operator survives is not acquisition cost on its own. It is how much of a customer’s financial life the platform can hold before a competitor offers the part that is missing.
01
Breadth Is the Retention Mechanic
Every asset class a user holds on your platform is one they are not holding elsewhere. Consolidation is the retention story in retail investing, and it is a function of catalog rather than of interface polish.
02
Recurring Revenue From Day One
Five subscription tiers across four billing cycles with trials and auto-renew, gated by JSON rather than by code, so pricing is something you experiment with rather than something you ship.
03
The AUM Annuity
Systematic plans compound without further acquisition spend. A SIP created in month one keeps settling for years, which is why this is the highest-value segment and the one most platforms reach last.
04
Sale and Exit Options
You hold the codebase and the schema, which run on standard PostgreSQL and are documented in eleven files. No proprietary format has to be unwound, and no vendor needs renegotiating at renewal.
Core Earning Drivers
Brokerage and Charges
Five Subscription Tiers
Per-Plan Gating as Configuration
Systematic Plan AUM
Payment Economics
White-Label Licensing
Years-Ahead Worth
Defensibility comes from consolidation rather than from features.
01Making breadth cheap to extend
02A new asset class is a new entity and a seeder
03A real switching cost, and that cost grows with every asset class you add
04The KYC record, the wallet ledger and the audit trail are yours
Income Case Studies Modeled
That is the commercial argument for breadth. A user who trades equities on your platform and buys funds somewhere else has already told you which product they will consolidate onto. Owning the software matters because the packaging, the tier gating and the asset classes you switch on are the levers that decide whether consolidation runs toward you or away from you.
Narrow Start2Asset Classes Live
Equities and mutual funds, everything else flagged off.
An operator launching against a single license, running equities and funds with the alternatives and derivatives hidden behind feature flags, where the wealth layer activates as the SIP book starts to form.
Full Retail Platform8Asset Classes Live
Derivatives, IPOs and alternatives switched on, subscriptions monetizing.
A broker running the majority of the catalog, where subscription tiers gate F&O and tax harvesting, and the systematic plan book has become the predictable half of revenue.
Cross-Market Wealth15Asset Classes Live
US equities and the full alternatives stack, multi-brand under one codebase.
A wealth platform running the whole surface including US equities and the fixed-income and gold stack, with several brands as configurations of one deployment rather than as forks.
Where Miracuves Stands Against Other Groww Clone Developers
Owning the infrastructure, hiring an agency, engaging freelancers or buying a generic script are the usual routes to an investing platform.
Founders' Reasons for Miracuves
01
Breadth Ships, It Is Not Quoted
Fifteen asset classes are modeled in the schema on day one. Elsewhere the second and third are change requests that land months after launch, priced individually, each one a new stack to reconcile.
02
The Wealth Layer Is Not Phase Two
SIP, STP and SWP are three separate entities with goals and tax tooling around them. On most builds systematic plans arrive after the trading surface, which means the highest-value segment is served last.
03
Portfolio Mathematics Already Correct
CAGR, XIRR, risk score, day change and dual allocation views are built and tested. These are deceptively hard to get right, and they are the screen investors check most often.
04
An Operator Desk, Not a Database Client
Ten admin pages with an audit log, feature flags, a KYC review desk and a mode switch. On a typical young platform the engineering team is the support desk and approvals happen in scripts.
05
Recorded for Diligence
A VAPT posture that maps to the OWASP Top 10 sits alongside the API collection, schema, entity relationships and developer and security handbooks. Procurement requests these well before a demo, and they are already written.
06
Known Shortfalls Listed
Broker execution is an integration, alerts evaluate above and below only, 2FA is not enabled and tenancy is convention rather than enforcement. You read that here rather than discovering it during a security review.
Weigh Us Up and Learn Why Clients Select Us as the #1 Partner in Ready-Made Clone Solutions
Criteria
MiracuvesMiracuves Groww Clone
Generic Clone Script
Custom Dev Agency
Time to Launch
6 days (Production)
Unknown / DIY
6-9+ months
Source-Code Ownership
Full
Often limited / encrypted
Usually yes
Feature Depth (Groww-like)
High (multi-asset investing, systematic plans & operator control)
Basic (onboarding & feed only)
Depends on budget
Security & Compliance
Strong (ISO mindset, GDPR-ready)
Minimal
Varies widely
Scalability & Performance
Cloud & CDN-optimized
Rarely considered
Depends on architecture
Monetization Options
Multiple (brokerage, subscriptions, AUM)
Limited / needs custom work
Custom (more time & cost)
Admin & Analytics
Full-fledged dashboard
Very basic or missing
Custom build (extra cost)
Cost vs Speed vs Quality
Balanced
Cheap but risky
High cost, slow
Ongoing Support & Updates
Available with clear plans
Usually none
Depends on contract
Most routes to an investing platform hold up until the second asset class. Here is where ours differs.Talk to Our Team
Changelog
Release Log for the Groww Clone - Release Notes & Upgrades
Version
Date
What’s New
v2026.1
Sep 2026
Initial release. 15 asset classes in one portfolio, SIP/STP/SWP, goals, tax tooling, KYC desk, operator console and a 119 screen mobile app.
Let’s build together
Let us help you move your concept into a running product.
Reserve a no-cost consultation to get a defined timeline and direct answers. Winning your confidence counts for more with us than closing a sale quickly.
Writing on the business of retail investing platforms: how Groww actually makes money, what a multi-asset catalog costs to run, and what separates a trading app from a wealth platform.
Built in the category Groww made popular, a Groww Clone App is a retail investing platform that ships ready-made and white-label, where breadth is the product rather than a roadmap item. In the Miracuves Groww Clone, one identity carries one KYC record, one set of wallets and one portfolio, and that portfolio covers Indian equities, US equities, mutual funds, ETFs, index funds, IPOs, derivatives, commodities, currency, bonds, fixed deposits, digital gold, SGBs, REITs and P2P. Surrounding it are the tools that keep an investing product from feeling transactional: SIP, STP and SWP with step-up and top-up, financial goals, tax P&L with harvesting suggestions, dividend and corporate-action tracking, thirteen calculators and an academy. Web, a 119 screen mobile app and a ten page operator console all read the same 82 entity PostgreSQL schema.
02What is a Groww Clone Script?
The purchase is a codebase, and no hosted service is involved. Inside are the web app on Next.js 16, which uses a backend-for-frontend layer made of 167 route handlers; the NestJS 11 core API with 55 modules; the schema, built with TypeORM, holding 82 entities, a migration runner and 15 seeders; the React Native app with 119 screens and EAS build profiles included; finally a deployment kit containing Docker, nginx and PM2 alongside four CI pipelines and four Grafana dashboards. Ownership passes fully to you. There is no runtime license, and no per-seat metering applies.
03How is this different from your Zerodha Clone?
They are genuinely different Miracuves platforms, not two presentations of one codebase, and they solve different problems. The Zerodha Clone is about execution depth: multi-broker order routing, an algo engine, consolidated P&L across broker connections, built for trading-first businesses and prop desks. The Groww Clone is about breadth: fifteen asset classes in one portfolio, plus the wealth layer of systematic plans, goals and tax tooling that turns a trading app into a platform someone consolidates their financial life onto. Pick the Zerodha Clone if your differentiator is how a trade gets executed. Pick the Groww Clone if it is how much of a customer you can hold. Tell us which you are actually solving and we will point you at the right one even when it is the cheaper one.
04Which asset classes are actually included?
Modeled in the schema and surfaced in the Groww Clone: Indian equities on NSE and BSE, US equities on NYSE and NASDAQ, mutual funds, ETFs, index funds, IPOs with grey market premium and allotment, futures and options, intraday and the margin trading facility, commodities on MCX, currency pairs, bonds, fixed deposits, digital gold and SGBs, REITs and P2P. Each has its own entity with its own typed fields, and orders, holdings and watchlists reach all of them through polymorphic keys. You can launch with two and switch the rest on behind feature flags as licensing allows, which is configuration rather than development.
Wealth, trading & operations4 questions
05Does it handle SIPs, goals and tax properly?
Yes, and this is the part of the Groww Clone we would point at first. SIP, STP and SWP are three separate entities rather than variants of one, carrying daily through quarterly frequencies, step-up percentages, top-up amounts and auto-invest on dividend, with a full scheduled through completed lifecycle. Goals track a target amount and date against progress and link to the plans funding them. Tax gives you realized P&L with short and long-term splits plus a harvesting suggestion engine, and dividends and corporate actions are tracked so holdings reconciliation stays correct. Installment settlement runs through the Bull queue path, so enabling the queue workers is part of the deployment rather than optional.
06Can it trade live, or is it a demo?
The Groww Clone order engine is complete: four order types across five product types and four validity modes on five exchanges, a seven state lifecycle with partial fills and preserved rejection reasons, and server-side charge computation covering brokerage, STT, GST and transaction charges. What is not included is a connection to a live venue. The lifecycle carries brokerRef and exchangeOrderId and expects fills from a connector, so wiring an actual broker is an integration per venue rather than a rearchitecture. Paper trading works out of the box through the isDemo flag and the platform mode subsystem, which is also what makes the sales demo safe to hand to a prospect.
07What does the mobile app actually cover?
The Groww Clone mobile app is a React Native application of 119 screens plus 15 Expo Router routes, not a web wrapper. It carries auth with biometric unlock, the dashboard, market and instrument screens, orders, holdings with analytics, watchlist, wallet, KYC status, alerts, news, IPO, SIP creation, all thirteen calculators, the alternatives stack covering bonds, FD, gold, SGB, REIT and P2P, research screens for ESG, comparison, corporate actions and dividends, and market intelligence including the intraday screener, pre-open, sector heatmap and sentiment. Home-screen widgets, Firebase messaging, MMKV storage and offline detection ship with it. The F&O terminal and the admin console are deliberately web-first.
08What can the operator actually do without a developer?
Ten console pages cover the daily loop: platform stats and an activity feed, user management with status changes, the KYC review desk with approve and reject reasons, order inspection and status override, the support ticket queue, analytics, the audit log viewer, feature flags, security policies and system health. On top of that sits the platform mode subsystem, which switches the whole Groww Clone deployment between demo and production with mode history, production readiness checks and a demo data reset. Subscription packaging is per-plan JSON, so moving a feature between tiers needs no release either.
Cost & delivery schedule4 questions
09How much does it cost to build an investment app like Groww in 2026?
The Miracuves Groww Clone carries a fixed one-time $9,099 for a launch-ready white-label deployment. Final scope varies with which asset classes you switch on at launch, broker venue integration, market-data vendor licensing, payment gateway setup, push and queue enablement, and store publishing, which is quoted separately. Larger brokerages, banks and AMCs that need deeper customization take the Enterprise route, quoted in writing on the final scope.
10What is the timeline to launch?
Six working days is the portion of the schedule that belongs to Miracuves, and it includes deploying the rebranded Groww Clone on your infrastructure. Anything that lengthens the timeline sits on your side, and when the product is an investing platform, the reason is almost always something other than engineering: broker registration and the venue connection, a merchant account for every gateway, market-data licensing and a Firebase project, if push must work from day one. Brand assets and hosting access complete the list. We would rather tell you this now than let it appear in week three. Our 6-day commitment is documented on the Miracuves facts page.
11What does the road to first revenue look like in practice?
Most operators launch with equities and mutual funds, the alternatives and derivatives behind feature flags, and a single payment gateway wired. Revenue starts as brokerage on the first orders, which arrives as soon as KYC approvals clear and wallets are funded. Subscription tiers usually switch on once there is a base worth segmenting, because the gating is JSON rather than code and needs no release. The systematic plan book is the slower and more valuable line, and it compounds from whenever you turn it on. The sequencing constraint is almost never the software, since all of it is in the schema already. It is broker execution, market-data licensing and payment credentials, which is why those three sit at the top of the deployment plan rather than at the end.
12How defensible is a multi-asset investing platform?
Defensibility comes from consolidation rather than from features. A user whose equities, funds, US positions, SIPs and goals all live in one portfolio faces a real switching cost, and that cost grows with every asset class you add rather than with every interface improvement you ship. The platform contribution is making breadth cheap to extend: the polymorphic instrument pattern means a new asset class is a new entity and a seeder rather than a parallel stack, and the per-plan JSON means packaging it is configuration. Owning the deployment also means the KYC record, the wallet ledger and the audit trail are yours, which matters most at exactly the moment the business becomes worth acquiring or worth regulating.
Security, licensing & Miracuves3 questions
13Is it ready for a security review?
A VAPT reference ships with the Groww Clone; it follows the OWASP Top 10 mapping and is open about its own gaps. Controls that exist already: JWT access and refresh tokens that are rotated and signed with separate secrets, bcrypt password hashing with a column that can never be selected, an admin authentication path separate from the retail one, RBAC scoping users at row level, server-side payment verification ahead of any wallet credit, SHA-256 checksums on each KYC document, validation that outright rejects unknown properties, parameterized queries throughout, and an audit row for each operator mutation. The items still to be closed at deployment are listed just as plainly. uploads are not virus scanned; 2FA is not enabled despite the TOTP libraries shipping; secrets belong in a vault rather than in environment files; Swagger must be disabled and CORS tightened in production; stricter throttling is needed on authentication and OTP routes, beyond the 100-per-minute default; and separation between tenants is a convention rather than enforced row-level tenancy. Miracuves is not the certificate holder on your behalf. Certification applies to the operating entity you run, with the assessment aimed at its own environment.
14Do I get the source code, and who holds the licenses?
Delivered to you are the web application, the core API, the mobile app, the operator console, the schema with seeders and migrations, the deployment kit and the documentation suite. Licensing is where the difference counts, so we state it plainly. What Miracuves provides is platform software, and broker registration is not part of it. The Groww Clone is not a broker, a distributor or an adviser. Broker licensing, exchange membership and KYC/AML obligations stay with you. For India, that means registration with SEBI as stock broker and as depository participant, AMFI registration to distribute mutual funds, or registration as an investment adviser with SEBI, to give advice; for the US, it means a broker-dealer that is registered with the SEC and is a FINRA member, or a registered investment adviser. The platform provides the controls those licenses are examined against: the KYC lifecycle, the audit trail, RBAC, retention guidance and the security mapping. That gives a review something tangible to inspect rather than a bare promise. Legal and regulatory advice is not part of what Miracuves provides.
15Why build your Groww clone with Miracuves?
Miracuves has served 6,000+ clients with 9,000+ delivered projects since 2010, alongside 90+ ready-made clone solutions, among them fintech platforms covering payments, neobanking, trading and investing. The Groww Clone is sold with its gaps written down: broker execution needs an integration per venue, price alerts only evaluate above and below, and 2FA is not enabled. You buy exactly the scope described. Every ready-made solution includes product evolution for 12 months, priority bug fixes for 6 months and platform guidance for 60 days. Working hours are Monday to Saturday, 10:00-19:00 IST, and the first reply comes in under 2 hours. Every company figure, with its scope, is on the Miracuves facts page.
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“Groww Clone” is used descriptively. It is how the software industry refers to building a platform with functionality similar to Groww, and how clients search for it.
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The entire design and codebase is built by our own team. The product contains no code, design, graphics, or content originating from the Groww website or applications.
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