Fyers vs Groww | Broker Comparison

Fyers vs Groww

Side-by-side view of features, pricing context, and platform fit.

Fyers

Fyers

Active Clients: 2,00,780

Established in 2015, Fyers Securities is a Bangalore-based online discount stock brokerage firm. Fyers facilitates trading in Equity Cash, F&O, and Currency Derivatives segments. The term FYERS stands for "Focus Your ...

Groww

Groww

Active Clients: 1,24,80,505

Groww is a Bangalore-based online brokerage firm operating under Groww Invest Tech Pvt Ltd, a SEBI-registered broker and member of the NSE and BSE. Initially, it began as a direct mutual fund platform, and subsequentl...

Side-by-Side Compare Table

Category	Fyers	Groww
Basic Details	•Broker Type: Discount broker •Founded: 2015	•Broker Type: Digital-first discount broker •Founded: 2016 (broking entity expanded later from MF platform)
Charges & AMC	•Trading and Demat Account Opening: Rs 0 •Trading AMC: Rs 0 (lifetime as stated)	•Trading and Demat Account Opening: Rs 0 •Trading AMC: Rs 0
Brokerage	•Equity Delivery: Rs 20 or 0.03% (whichever is lower) •Equity Intraday: Rs 20 or 0.03% (whichever is lower)	•Equity Delivery: Lower of Rs 20 or 0.05% per order •Equity Intraday: Lower of Rs 20 or 0.05% per order
Other Charges	•Call and Trade: additional charge (referenced as Rs 50/order) •Admin square-off charges may apply for auto close positions.	•Auto square-off charge: Rs 50 •Statutory and exchange charges apply separately.
Leverage (Margin)	•Margin products include MTF offerings in promotional messaging. •Practical leverage and margin depend on segment, risk, and exchange norms.	•Margin and leverage depend on segment and risk policy. •Source section introduces margin topic but does not expose one fixed leverage number in the extracted snapshot.
Features	•In-house built trading stack. •Insta Options for strategy building and payoff analysis.	•Paperless onboarding and simple UX. •Strong mutual fund and retail investing workflow.
Trading Platforms	•Fyers App (mobile) •Fyers Web	•Groww Mobile App •Groww Web Platform
Reviews & Ratings	•Marketed as a low-brokerage technology-first platform. •In this source extract, a single numeric overall rating is not prominently presented.	•Positioned as beginner friendly with strong app adoption. •In this source snapshot, no single numeric consolidated rating table is shown.
Investment Options	•Equity cash •F&O	•Equity •Intraday and derivatives
Order Types Offered	•Standard equity and derivatives order types •Intraday and delivery order handling	•Standard market and limit order flows •App and web based execution
Suitable For (Investor Type)	•Active traders focused on low brokerage and platform tools. •Users who prefer in-house charting and options strategy interfaces.	•First-time investors preferring clean mobile-first experience. •Cost-conscious users who also invest in direct mutual funds.
Pros and Cons	•Pros: •Very competitive flat-fee structure.	•Pros: •Zero opening/AMC and low brokerage.

Detailed Comparison

Basic Details

Fyers	Groww
•Broker Type: Discount broker •Founded: 2015 •SEBI Registration: INZ000008524 •NSE Member Code: 90061 •Net Worth: Rs 175.61 Cr	•Broker Type: Digital-first discount broker •Founded: 2016 (broking entity expanded later from MF platform) •SEBI Registration: INZ000301838 •NSE Member Code: 90187 •Net Worth: Rs 1433.11 Cr

Charges & AMC

Fyers	Groww
•Trading and Demat Account Opening: Rs 0 •Trading AMC: Rs 0 (lifetime as stated) •Demat AMC: Rs 0 (lifetime as stated)	•Trading and Demat Account Opening: Rs 0 •Trading AMC: Rs 0 •Demat AMC: Rs 0

Brokerage

Fyers	Groww
•Equity Delivery: Rs 20 or 0.03% (whichever is lower) •Equity Intraday: Rs 20 or 0.03% (whichever is lower) •Futures: Rs 20 or 0.03% (whichever is lower) •Options: Flat Rs 20 per executed order	•Equity Delivery: Lower of Rs 20 or 0.05% per order •Equity Intraday: Lower of Rs 20 or 0.05% per order •Equity Futures: Flat Rs 20 per order •Equity Options: Flat Rs 20 per order •Direct Mutual Funds: Rs 0 commission

Other Charges

Fyers	Groww
•Call and Trade: additional charge (referenced as Rs 50/order) •Admin square-off charges may apply for auto close positions. •Usual statutory charges apply across segments.	•Auto square-off charge: Rs 50 •Statutory and exchange charges apply separately.

Leverage (Margin)

Fyers	Groww
•Margin products include MTF offerings in promotional messaging. •Practical leverage and margin depend on segment, risk, and exchange norms.	•Margin and leverage depend on segment and risk policy. •Source section introduces margin topic but does not expose one fixed leverage number in the extracted snapshot.

Features

Fyers	Groww
•In-house built trading stack. •Insta Options for strategy building and payoff analysis. •Low-cost fixed brokerage proposition.	•Paperless onboarding and simple UX. •Strong mutual fund and retail investing workflow. •Unified app for stocks, IPOs, ETFs, and MFs. •Educational resources via blogs and ebooks.

Trading Platforms

Fyers	Groww
•Fyers App (mobile) •Fyers Web •Fyers One desktop terminal	•Groww Mobile App •Groww Web Platform •915 by Groww (advanced web terminal)

Reviews & Ratings

Fyers	Groww
•Marketed as a low-brokerage technology-first platform. •In this source extract, a single numeric overall rating is not prominently presented.	•Positioned as beginner friendly with strong app adoption. •In this source snapshot, no single numeric consolidated rating table is shown.

Investment Options

Fyers	Groww
•Equity cash •F&O •Currency derivatives •Mutual funds (direct)	•Equity •Intraday and derivatives •IPO •ETFs •Direct mutual funds •Digital gold

Order Types Offered

Fyers	Groww
•Standard equity and derivatives order types •Intraday and delivery order handling •Option strategy workflow through Insta Options tools	•Standard market and limit order flows •App and web based execution •Advanced workflow through 915 terminal for active users

Suitable For (Investor Type)

Fyers	Groww
•Active traders focused on low brokerage and platform tools. •Users who prefer in-house charting and options strategy interfaces.	•First-time investors preferring clean mobile-first experience. •Cost-conscious users who also invest in direct mutual funds. •Traders seeking simple flat-fee execution.

Pros and Cons

Fyers	Groww
•Pros: •Very competitive flat-fee structure. •Lifetime-free account opening and AMC in listed plan context. •Strong options/trader-focused tooling. •Cons: •Assisted channels (call and trade/admin square-off) add extra charges. •Product breadth is narrower than some full-service bank-backed brokers.	•Pros: •Zero opening/AMC and low brokerage. •Strong digital onboarding and usability. •Commission-free direct mutual funds. •Cons: •Limited offline support model. •Advisory depth is lower than traditional full-service broker setups.

Final Note

Use this side-by-side comparison as a starting point and verify the latest brokerage and compliance details on official broker pages before taking decisions.