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Fyers Vs Groww: Which one is better?

Both the brokers are registered with SEBI. Fyers offers investmenet in Equity, F&O, Currency and Commodities, where Groww offers investment in Equity, F&O and Currency only. The brokerage of Fyers Max Rs 20 per trade while the brokerage of Groww Max Rs 20 per trade. Both the brokers are Discount Brokers. Overall rating for both the brokers are also equal with rating 4 out of 5. Number of active customer for Groww is 95,38,609 where number of active customer for Fyers is 2,22,798. Groww is serving more customer compare to Fyers.

Here we present side-by-side comparison of Fyers vs Groww share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Fyers vs Groww's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Fyers vs Groww share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Fyers vs Groww's on

• Brokerage plans
• Plan types
• Customer Service
• Maintenance fees
• AMC
• Trading Platforms
• Rating
• Reviews
• Mobile App
• Margin/Leverage/Exposure
• Demat Account
• Investment Options
• And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Fyers vs Groww on Service

	Fyers	Groww
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type	Discount Broker	Discount Broker
Exchanges Supported	BSE, NSE, MCX	NSE, BSE
Active Clients	2,22,798	95,38,609
Broker Overview	Fyers is one of India's most popular brokers thanks to its best-in-class technology platforms, user-friendly interface (Fyers 2.0 app, Fyers Next, and Fyers One terminal), ultra-low brokerage (Rs 20/order), lowest NRI trading (Rs 50/order) and free i...	Groww is the top broker for beginners to invest in direct mutual funds for Free and trade in stocks at a Rs 20 flat fee! Also, its easy-to-use, crystal clear user interface, and safe & secure Groww app and web-based platform makes investing hassl...
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Account Opening Charges and AMC

Compare Fyers vs Groww on Trading & Demat Account Opening Charges

Comparison of Fyers with Groww on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Both broker don't charge any AMC for Demat Account.

Trading & Demat Account Opening Charges - Compare Fyers with Groww

Charges	Fyers	Groww
Trading Account Opening Fees	Free	Free
Trading AMC	Free	Free
Demat Account Opening Fees	Free	Free
Demat AMC	Free	Free
Provide DP Service

About Brokerage Plans

Compare Fyers vs Groww on Plan Options

Plans are the most important feature you look when compare Fyers with Groww. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Fyers with Groww on Plan Options

Plan Types	Fyers	Groww
Multiple Plans
Monthly Plans
Yearly Plans

Account Opening Request

Account Opening

Brokerage Charges

Compare Fyers vs Groww on Brokerage Charges

Fyers Brokerage Plan detail - Trade in any segment with Free delivery trading and competitive brokerage of max Rs 20 in all other segments.

Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.

Share Broker's Transaction Charges

Compare Fyers vs Groww on Transaction Charges

Compare Fyers with Groww on transaction charges and PCM fee by segment.

Account Features

Compare Fyers vs Groww on Account Features

Compare Fyers with Groww on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - Fyers offers Algo Trading where Groww doesn't offers Algo Trading. Margin Funding - Groww offers a margin funding where Fyers doesn't offers margin funding. NRI Trading - both doesn't offer NRI Trading facility.

Account Features - Fyers with Groww

Account Features Compare	Fyers	Groww
3 in 1 Account
Charting
Algo Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Intraday Square-off Time	3:15 PM	3:10 PM
NRI Trading
Other Features	Fyers 30 Day Challenge	NIL

Trading Platform

Compare Fyers vs Groww on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Fyers and Groww. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Fyers with Groww

Trading Platform Compare	Fyers	Groww
Desktop Trading Platform	Fyers One	Groww App
Desktop Demo	Desktop Demo	Info Not Available
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detail	Fyers Web	Yes
Web Trading Demo	Web Trading Demo	Info Not Available
Mobile Site
Mobile Trading
Mobile Trading App	Fyers 2.0 Mobile App	Groww App
Mobile Trading App Demo	Fyers 2.0 Mobile App Demo	Info Not Available
Android Mobile App
Android App Download	Andriod Fyers 2.0 Mobile App Download	Andriod Groww App Download
iPhone Mobile App (IOS)
iOS App Download	iOS Fyers 2.0 Mobile App Download	iOS Groww App Download
Android Tablet App
iPad App (IOS)
Trading Software Charges	Free	Free
Equity Brokerage Calculator	Equity Intraday and Delivery Brokerage Calculator for Fyers	Equity Intraday and Delivery Brokerage Calculator for Groww
Futures Brokerage Calculator	Futures Brokerage Calculator for Fyers	Futures Brokerage Calculator for Groww
Options Brokerage Calculator	Options Brokerage Calculator for Fyers	Options Brokerage Calculator for Groww
Detail	Detail on Trading Platforms for fyers	Detail on Trading Platforms for groww

Broker Ratings by Users

Compare Fyers vs Groww on User Rating

	Fyers	Groww
	10 Customer Reviews	7 Customer Reviews
Fees Ratings	3.5	4.4
Trading Brokerage Rating	3.6	3.7
Trading Platform Usability	3.6	4.1
Customer Service Ratings	3.4	3.3
Overall Ratings	3.2	4.1
Broker Rating	Fyers is Rated 3.2 / 5 based on 10 customer reviews	Groww is Rated 4.1 / 5 based on 7 customer reviews

Investment Offerings

Compare Fyers vs Groww on Investment Offerings

Compare Fyers with Groww on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Fyers offers trading options in Commodity (MCX) where Groww doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Fyers with Groww

Investment Offerings Compare	Fyers	Groww
Equity Cash and F&O
Currency Deravitives
Commodity
Online IPO Application
Mutual Funds
Bond / NCD
ETF
Banking
Insurance
Forex
MF SIP Investment
Equity SIP Investment
PMS Service
Other Investment Options	NIL	NIL

Order Types

Compare Fyers vs Groww on Order Types

Order Type - Compare Fyers with Groww on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Fyers provide Cover Orders (CO) where Groww doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Fyers provide Bracket Orders (BO) where Groww doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- Fyers offers After Market Orders where Groww doesn't offers AMO. GTC Orders- Fyers offers Good Till Cancelled (GTC) orders where Groww doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Fyers with Groww

Order Type Compare	Fyers	Groww
CNC order
MIS order
NRML order
Cover order
Bracket order
AMO-After Market Orders
GTC-Good Till Cancelled

Customer Service Offered

Compare Fyers vs Groww on Customer Service

Compare Fyers with Groww on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Fyers with Groww

Customer Service Compare	Fyers	Groww
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches
Customer Care Number	08060001111	9108800604
Account Opening Process	100% online and paperless proc	Online
Customer Support Email	[email protected]	[email protected]
Knowledge Center/Education	https://fyers.in/school-of-stocks/	https://groww.in/academy
Head Office Address	Fyers Securities, No. 19 & 20, 3rd Main, Gandhinagar, Bangalore - 560009	Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034
Website	https://fyers.in/	https://groww.in/

Tips/Research/Reports Published

Compare Fyers vs Groww on Research Reports, Tips

Compare Fyers with Groww on research reports and tips provided by the broker.

Research Reports - Compare Fyers with Groww

	Fyers	Groww
Research Mutual Funds
Research Equity Reports
Research ETF
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Demat Account

Compare Fyers vs Groww on Demat Account

Compare Fyers with Groww on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Fyers is Free where for Groww is Zero. Fyers is a better choice in terms of Demat AMC compare to Groww.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Fyers is ₹7 + ₹5.50 (CDSL Charges) per transaction where for Groww is ₹8 + ₹5.50 CDSL charges.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Fyers with Groww

	Fyers	Groww
DP Source	CDSL	CDSL
DP ID	432-2019	No
Demat Account Annual Maintenance Charges(AMC)	Free	Zero
Advance Deposit	Nil	Nil
Statutory charges	Nil	Legal Charges
Transaction Charges on Debit (Per ISIN)	₹7 + ₹5.50 (CDSL Charges) per transaction	₹8 + ₹5.50 CDSL charges
Demat	₹0	₹150 per certificate + courier charges
Remat	₹0	₹150 per certificate + courier charges
Pledge Creation	Nil	₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation	Nil	₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure	Nil	₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation	Nil	₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation	Nil	₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges	Nil	₹50
Other Charges	Stamp Charges ₹50,	Nil

Special Offers,Advantages,Disadvantages

Compare Fyers vs Groww on Special Offers and Promotion

Compare Fyers with Groww on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Fyers vs Groww on Special Offers and Promotion

	Fyers	Groww
Pay In and Pay Out Options	Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Fyers Mobile, Fyers One and Fyers Web. Pay-out/Fund Withdrawal - Bank Transfer only	pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time	Up to 24 Hrs except for Bank Holidays.	Max 24 hrs except bank holidays
Bank Supported and Charges	24+ banks connected via payment gateway, Free pay in and Free Pay Out.	Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.
Bank Detail	Fyers Securities, Account Number:00090340002376 Bank and Branch: HDFC Bank,Kasturba Road, Bangalore Account Type: Current Account IFSC Code: HDFC0000009	Info Not Available
Likes	Trade on BSE, NSE, and MCX Free stocks and mutual funds investment Rs 20 fixed brokerage on all segments Invest in IPOs, OFS, SGBs, G-secs, and T-bills Cheapest Rs 50/order brokerage on NRI trading User-friendly mobile app and website for investors Fyers Next and Fyers One high-speed trading terminal for traders Fyers Thematic Investing: Invest in expert curated basket of stocks. Start Algo trading Access with Fyers API for free Bracket order, cover order, GTT, AMO, basket order Fyers School of Stocks, a free stock market learning platform. Margin calculator, brokerage calculator, SIP & Lumpsum calculator, etc. Detail Review...	Trade or invest in equity, F&O, mutual funds, IPO, US Stocks Rs 0 account opening fee with no AMC Best UI Interface-enabled app and website Equity and F&O trading at Rs 20 maximum brokerage No cost investment in direct mutual funds. TradingView charts and wide range of technical indicators Advance orders like GTT, Target order, and Basket order Get instant and flexible loans on Groww Get the latest trending news and updates on the Groww Digest Detail Review...
Dislikes	No unlimited zero brokerage monthly plans No 3-in-1 account offering No mutual fund investment app Research reports are not offered free Detail Review...	Does not offer commodity and currency trading No desktop trading terminal Bracket order and cover order are not available No intraday trading tips and stock research reports NRIs cannot open an account in Groww Detail Review...
Special Offers/Promo
Enquiry	Open Fyers Account Now>>	Open Zerodha Account Now>>