Groww⭐ 9.5/10
Fyers⭐ 9.4/10Groww vs Fyers Comparison
Compare brokerage charges, trading platforms, technical features, pros, cons, and account opening times to see which Demat account is best for you.
Groww vs Fyers: Too Close to Call
Groww (rated 9.5) and Fyers (rated 9.4) are highly competitive. If you want to minimize upfront charges, choose Groww (pricing is Free vs Free). If you prefer a platform built for technical charting, choose Fyers.
📊 Charges & Pricing Comparison
| Fee / Segment | Groww | Fyers |
|---|---|---|
| Account Opening Fee | Free | Free |
| Account AMC (Annual) | Free (Rs 0) | Free |
| Equity Delivery | Rs 20 or 0.05% | Rs 0 |
| Intraday Brokerage | Rs 20 or 0.05% | Rs 20 or 0.03% |
| Futures & Options | Rs 20 per order | Rs 20 per order |
| Commodity Trading | N/A | Rs 20 per order |
| Other / DP Charges | Standard regulatory charges apply | DP charges apply |
| Account Opening Time | 15 Minutes | 15 Minutes |
💻 Trading Tools & Platforms
| Platform Feature | Groww | Fyers |
|---|---|---|
| Margin Trading (MTF) | ❌ No | ✅ Available |
| Advisory & Tips | ❌ No | ❌ No |
| Trading API Access | ❌ No | ✅ Free API |
| Advanced Charts | ❌ No | ✅ Yes |
| Web Interface | Modern, fast, browser-based trading platform with TradingView charts. | Modern, fast, browser-based trading platform with TradingView charts. |
| Mobile Trading App | Highly rated mobile app available on iOS and Android with biometric login. | Highly rated mobile app available on iOS and Android with biometric login. |
Groww Pros & Cons
Pros
- ✅ Extremely simple UI
- ✅ Zero AMC forever
- ✅ Seamless mutual fund integration
Cons
- ❌ No advanced desktop terminal
- ❌ Lacks complex analytical tools
Fyers Pros & Cons
Pros
- ✅ Excellent TradingView integration (Fyers Web)
- ✅ Free API
- ✅ Thematic investing included
Cons
- ❌ No mutual fund SIPs integrated natively
- ❌ Smaller community vs Zerodha
❓ FAQs: Groww vs Fyers
Which is cheaper between Groww and Fyers?
Groww charges Rs 20 or 0.05% for delivery trades and Rs 20 or 0.05% for intraday, with an AMC of Free (Rs 0). Meanwhile, Fyers charges Rs 0 for delivery and Rs 20 or 0.03% for intraday, with an AMC of Free. In terms of onboarding costs, Groww is Free compared to Fyers's Free.
Who has a better mobile app: Groww or Fyers?
Groww's mobile app offers: "Highly rated mobile app available on iOS and Android with biometric login.". In comparison, Fyers's mobile app offers: "Highly rated mobile app available on iOS and Android with biometric login.". If you require advanced charting tools directly on your phone, both platforms support TradingView integrations but execution layouts vary.
Is Groww safer to use than Fyers?
Both Groww and Fyers are SEBI-registered brokers regulated in India, meaning your shares are safely held with central government-backed depositories (NSDL/CDSL). However, Groww has a rating of 9.5/10, reflecting their complaint ratio and client size, while Fyers has a rating of 9.4/10.