Groww vs Fyers
Comparison of charges, features, and platform quality. Both Groww and Fyers are popular choices, but they cater to slightly different types of investors. Let's see which platform offers better value for your trading style.
Our Verdict
Both Groww and Fyers are top-rated Discount brokers.
Groww Wins on:
Best For BeginnersBetter choice if you prioritize zero account opening & amc charges and need free amc, simple ui.
Fyers Wins on:
Best For IntradayBetter choice if you prioritize excellent charting (tradingview) and need tradingview, charting.
At a Glance Comparison
| Feature | | |
|---|---|---|
| Broker Type | Discount | Discount |
| Account Opening | ₹0 (Free) | ₹0 (Free) |
| AMC (Yearly) | ₹0 (Free) | ₹300/year |
| Equity Delivery | ₹20 or 0.05% | ₹0 |
| Intraday Tradng | ₹20 or 0.05% | ₹20 |
| Active Clients | 50 Lakhs+ | 4 Lakhs+ |
| Rating | 4.7 | 4.4 |
| Best For | Beginners, Mutual Funds | Intraday, Options |
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Brokerage Charges Explained
Groww Fees
For equity delivery, ₹20 or 0.05% applies. If you trade Intraday, you pay ₹20 or 0.05% per order.
This makes it suitable for investors.
Fyers Fees
For equity delivery, ₹0 applies. If you trade Intraday, you pay ₹20 per order.
This makes it suitable for frequent traders.
Trading Platform & App
GrowwGroww's platform is known for being comprehensive. It is generally considered very easy to learn.
FyersFyers's platform focuses on research and data. Users find it powerful for detailed tracking.
Choose Groww if:
- You are looking for the best platform for Beginners.
- You are looking for the best platform for Mutual Funds.
- You prefer free amc features.
Choose Fyers if:
- You are looking for the best platform for Intraday.
- You are looking for the best platform for Options.
- You prefer tradingview features.
Pros & Cons Comparison
Groww
Advantages
- Zero Account Opening & AMC Charges
- Extremely simple UI for beginners
- Fast account opening process
Disadvantages
- Charged for equity delivery (unlike Zerodha)
- Limited advanced trading features
- No commodity trading (initially)
Fyers
Advantages
- Excellent Charting (TradingView)
- Drag and drop trading
- Community driven features
Disadvantages
- Back office reports can be better
- Occasional login issues
