Fyers Vs Groww (Compare Fyers and Groww)

The side-by-side comparison of Fyers and Groww. Compare Fyers Vs Groww brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Fyers vs Groww?


Fyers
Incorporated in 2015, Fyers Securities is a Bangalore based online discount stock broker. Fyers offers trading in Equity Cash, F&O and Currency Derivatives segments at NSE. FYERS word is an acronym of "Focus Your Energy & Reform the Self", representing the core values of the company. The company is founded by young entrepreneurs who believes in building the best trading platforms, being transparent and keeping the cost of trading at its lowest in India. Fyers is a low brokerage stock broker in... Know more about Fyers Securities Ltd


Groww
Groww is a Bangalore based broker offering online flat fee discount brokerage services to invest in Equity, IPO, and Direct Mutual Funds. Groww is the brand name for Nextbillion Technology Private Limited who is a SEBI registered stockbroker and a member of NSE and BSE. Established in 2016, Groww initially started as a direct mutual fund investment platform. In the mid-2020s, Groww expanded its product offering to include Equity trading. The company also offers Digital gold, US Stocks, and Fixe... Know more about Nextbillion Technology pvt ltd

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Fyers Vs Groww

Incorporated in 2015, Fyers is a Discount Broker. It offers trading at NSE, MCX. It has 0 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

  Fyers Groww
Type of Broker Discount Broker Discount Broker
Supported Exchnages NSE, MCX NSE and BSE
Account Type Flat Fee Brokerage Plan Standard Plan
Year of Incorporation 2015 2016
Number of Branches 0 0
Broker Enquiry Open an Online Trading Account with Fyers. Leave your contact info and we will get in touch with you.
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Fyers Vs Groww Charges & AMC

Fyers trading account opening charges is Rs 0 (Free) while Groww account opening changes is Rs 0. Fyers Demat Account AMC Charges is Rs 300 and Groww Demat Account AMC Charges is Rs 0.

  Fyers Groww
Trading Account Opening Charges Rs 0 (Free) Rs 0
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0
Demat Account AMC Charges Rs 300 Rs 0
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Fyers Vs Groww Brokerage Charges & Plans

Fyers Vs Groww Brokerage

Fyers brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas Groww brokerage charges for equity is Rs 20 per executed order or 0.05% whichever is lower and intraday is Rs 20 per executed order or 0.05% whichever is lower.

  Fyers Groww
Account Type Flat Fee Brokerage Plan Standard Plan
Fixed Charges NA NA
Equity Delivery Brokerage Rs 0 (Free) Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Brokerage Rs 20 per executed order or .03% whichever is lower Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage Rs 20 per executed order or .03% whichever is lower NA
Equity Options Brokerage Rs 20 per executed order NA
Currency Futures Trading Brokerage Rs 20 per executed order or .03% whichever is lower NA
Currency Options Trading Brokerage Rs 20 per executed order NA
Commodity Futures Trading Brokerage Rs 20 per executed order or .03% whichever is lower NA
Commodity Options Trading Brokerage Rs 20 per executed order NA
Special Offer
Special Offer: Brokerage free equity delivery trading (no commission) + Max flat Rs 20 Intra-day and F&O trades. Get the offer

Fyers Charges Vs Groww

Minimum Brokerage Charges Intra-day: Rs 7 or 2.5% whichever is lower Rs 20 or 0.05% per executed order
Other Brokerage Charges Square-off by Fyers - Rs 20 per trade, NRI Brokerage: Rs 100 per executed order (For all segments) Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50
Call & Trade Charges Rs 20 per trade NA
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Fyers Vs Groww Transaction Charges

Fyers transaction charges for options is Rs 5900 per Cr (on premium) (0.059%) while Groww exchange transaction charges for options is NA.

  Fyers Groww
Equity Delivery Rs 325 per Cr (0.00325%) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday Rs 325 per Cr (0.00325%) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures Rs 240 per Cr (0.0024%) NA
Equity Options Rs 5900 per Cr (on premium) (0.059%) NA
Currency Futures Rs 240 per Cr (0.0024%) NA
Currency Options Rs 5900 per Cr (on premium) (0.059%) NA
Commodity NA NA
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Fyers Vs Groww Leverage (Margin)

Fyers provides the margin of Up to 16x (based on the stock) for intraday trades whereas the Groww margin for intraday cash is Up to 8x (based on the stock).

  Fyers Groww
Equity Delivery 1 times 1x (no margin)
Equity Intraday Up to 16x (based on the stock) Up to 8x (based on the stock)
Equity Futures Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure) NA
Equity Options Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x NA
Currency Futures Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) NA
Currency Options Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling) NA
Commodity Futures NA NA
Commodity Options NA
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Compare Fyers and Groww Features

The trading platforms offered Fyers include Fyers One (In-house build). Groww offers Groww trading software.

  Fyers Groww
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo No Yes
Online Portfolio Yes Yes
Margin Trading Funding Available No No
Margin Against Shares (Equity Cash) No
Margin Against Shares (Equity F&O) No
Trading Platform Fyers One (In-house build) Groww
Intraday Square-off Time 3:20 PM 3:10 PM
Other Features Brokerage free thematic investing is available
Referral Program Yes
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Fyers Vs Groww Review

Fyers is rated 3.8 of 5 based on 15 customer reviews whereas Groww is rated 3.9 of 5 based on 9 customer reviews.

  Fyers Groww
  15 Customer Reviews    Rate Fyers 9 Customer Reviews    Rate Groww
Fees 3.6 4.3
Trading Brokerage 3.9 4.3
Trading Platform Usability 3.6 3.7
Customer Service 4.1 3.6
Research Capabilities 1.7 2.2
Overall Ratings Rated 3.8 stars Rated 3.9 stars
Broker Rating Fyers is rated 3.8 of 5 based on 15 customer reviews Groww is rated 3.9 of 5 based on 9 customer reviews
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Contact Broker / Request A Call Back

  Fyers Enquire Groww Enquire
Contact Broker

Brokerage free equity delivery trading (no commission) + Max flat Rs 20 Intra-day and F&O trades. Get the offer

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Fyers Vs Groww Investment Options

  Fyers Groww
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
Initial Public Offers (IPO) No Yes
Mutual Funds No Yes
Bond / NCD No No
Debt No Yes
Other Investment Options Digital Gold, US Stocks, Fixed Deposits
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Fyers Vs Groww Order Type Offered

  Fyers Groww
Bracket Order Yes No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) No No
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Fyers Vs Groww Research Report

  Fyers Groww
Daily Market Report No No
Free Tips No No
Quarterly Result Analysis No No
News Alerts No No
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Fyers Vs Groww Suitable For Investor Type

  Fyers Groww
Casual Investor Yes
Active Investor Yes
Trader Yes
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Fyers Vs Groww - Pros and Cons

  Fyers Groww
Pros
  • Free equity delivery trades and thematic investments. No brokerage for this segment.
  • Very low brokerage charges of maximum Rs 20 per trade.
  • Free account opening.
  • No software charges.
  • State of art trading platforms.
  • Thematic investment is available
  • Refer your friends and earn 20% of the revenues generated by your friends, for life!
Cons
  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.
Reviews
Promo / Offers

Free Equity Delivery Trading

Get free equity delivery trading (truly no brokerage) and pay flat Rs 20 brokerage for Intraday and F&O trades. To open an account with Fyers, simply leave your contact information with us and Fyers representatives will call you.

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