FYERS Securities vs Groww

A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.

FYERS Securities
FYERS Securities
Discount Broker · since 2015
VS
Groww
Discount Broker · since 2016
Groww

FYERS Securities vs Groww — quick verdict

Choose FYERS Securities if

You want low-cost, self-directed trading

Built for Those Who Are Born to Trade.

Choose Groww if

You want low-cost, self-directed trading

Investing Made Simple

Company overview

FYERS Securities is a discount broker incorporated in 2015; Groww is a discount broker incorporated in 2016.

ParameterFYERS SecuritiesGroww
Type of broker Discount Broker Discount Broker
Exchange membership NSE · BSE · MCX NSE · BSE · MCX
Year of incorporation 2015 older 2016
Number of branches 98+ Not Disclosed
Active clients 10 Lakh+ ~1.29 Crore larger

Charges & AMC

Account-opening and maintenance charges for FYERS Securities and Groww compared side by side.

ParameterFYERS SecuritiesGroww
Trading a/c opening ₹0 ₹0 (Free)
Trading a/c AMC ₹0 ₹0 (Free)
Demat a/c opening ₹0 ₹0 (Free)
Demat a/c AMC ₹0 ₹0 (Free)
DP charges (per ISIN, sell) ₹12.5 + GST per ISIN on sell transactions Depository ₹3.50 (Male) / ₹3.25 (Female) + Groww ₹16.50 per debit transaction (₹0 for debit value below ₹100) lower

Brokerage charges

How FYERS Securities and Groww price each trading segment, per executed order.

ParameterFYERS SecuritiesGroww
Equity Delivery ₹0 (Free) ₹20 or 0.1% per executed order (whichever is lower, minimum ₹5)
Equity Intraday ₹20 or 0.03% per executed order (whichever is lower) ₹20 or 0.1% per executed order (whichever is lower, minimum ₹5)
Equity Futures ₹20 or 0.03% per executed order (whichever is lower) ₹20 per executed order
Equity Options ₹20 per executed order ₹20 per executed order
Currency F&O ₹20 or 0.03% per executed order (whichever is lower) ₹20 per executed order
Commodity F&O ₹20 or 0.03% per executed order (whichever is lower) ₹20 per executed order
Call & Trade ₹50 per executed order Not Available

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by FYERS Securities and Groww, per segment.

ParameterFYERS SecuritiesGroww
Equity Delivery NSE: 0.00297% • BSE: 0.00375% NSE: 0.00297% | BSE: 0.00375%
Equity Intraday NSE: 0.00297% • BSE: 0.00375% NSE: 0.00297% | BSE: 0.00375%
Equity Futures NSE: 0.00173% NSE: 0.00173% | BSE: 0.00%
Equity Options NSE: 0.03503% (on premium) NSE: 0.03503% (on premium) | BSE: 0.0325% (on premium)
Currency Futures NSE: 0.00035% NSE: 0.00012% | BSE: 0.00005%
Currency Options NSE: 0.03110% (on premium) NSE: 0.0325% (on premium) | BSE: 0.001% (on premium)
Commodity Futures MCX: 0.00210% MCX: 0.00210%
Commodity Options MCX: 0.04180% (on premium) MCX: 0.04180% (on premium)

Demat & DP charges

Depository (demat) charges for FYERS Securities and Groww — AMC, debit transactions, pledging and remat.

ParameterFYERS SecuritiesGroww
Demat Account Opening ₹0 ₹0 (Free)
Annual Maintenance Charges (AMC) ₹0 —
Debit Transaction Charges ₹12.5 + GST per ISIN on sell transactions —
Pledge / Unpledge Charges ₹12.5 + GST per ISIN —
Dematerialisation (Demat) ₹150 per certificate + GST —
Rematerialisation (Remat) ₹150 per certificate + GST —
Failed Transactions Nil —
Transaction Charges (Sell) — Depository ₹3.50 (Male) / ₹3.25 (Female) + Groww ₹16.50 per debit transaction (₹0 for debit value below ₹100)
Transaction Charges Demat Account Opening ₹0 (Free) Transaction Charges (Sell) Depository ₹3.50 (Male) / ₹3.25 (Female) + Groww ₹16.50 per debit transaction (₹0 for debit value below ₹100) Annual Maintenance Charges (AMC) — ₹0
Pledge / Unpledge — ₹20 per ISIN
Remat — ₹150 per certificate + courier charges
Failed Demat Transaction — ₹50 per ISIN

Margin & leverage (MTF)

Intraday and delivery margin / leverage offered by FYERS Securities and Groww.

ParameterFYERS SecuritiesGroww
Equity Delivery 100% of trade value (1x) 100% of trade value (1x)
Equity Intraday VAR + ELM Margin (Up to 5x*) As per SEBI peak margin rules (Up to 5x*)
Equity Futures SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (1x)
Equity Options (Buy) Premium Value (Not Applicable) —
Equity Options (Sell) SPAN + Exposure Margin (As per available margin) —
Currency Futures & Options SPAN + Exposure Margin (As per available margin) —
Commodity Futures & Options SPAN + Exposure Margin (As per available margin) —

Features & account

Account type and feature availability across FYERS Securities and Groww.

ParameterFYERS SecuritiesGroww
3-in-1 account ✕ No ✕ No
Automated / API trading ✓ Yes ✓ Yes
Margin Trading (MTF) ✓ Yes ✓ Yes
Trading in SME shares ✕ No ✓ Yes better
Trading platforms FYERS Web, FYERS Mobile App, FYERS One Groww Web, Groww Mobile App, Groww API
Intraday square-off 3:15 PM 3:20 PM
Other TradingView Charts, Free Trading API, Algo Trading, Option Chain, Basket Orders, Market Scanner, Advanced Charting, Price Alerts, eDIS, Margin Trading Facility (MTF) Stock SIP, Option Chain, Price Alerts, Advanced Charts, Watchlists, Portfolio Tracking, Margin Trading Facility (MTF), IPO Investment, Direct Mutual Funds.

Trading platforms & apps

Trading terminals, web platforms and mobile apps offered by FYERS Securities and Groww.

ParameterFYERS SecuritiesGroww
Trading platforms offered FYERS Web, FYERS Mobile App, FYERS One Groww Web, Groww App
Number of platforms 3 more choice 2
Platforms (summary) FYERS Web, FYERS Mobile App, FYERS One Groww Web, Groww Mobile App, Groww API
Mobile / desktop apps Web, Mobile, Desktop Web, Mobile

User ratings

User ratings for FYERS Securities and Groww across the key parameters.

Rated onFYERS SecuritiesGroww
Fees 4.9 better 4.7
Brokerage 4.9 better 4.6
Trading platform 4.9 better 4.8
Customer service 4.4 better 4.3
Research 4.2 better 4.1
Overall 4.7 better 4.6

Investment options

Which investment products FYERS Securities and Groww let you access.

ParameterFYERS SecuritiesGroww
Stocks / Equity ✓ Yes ✓ Yes
Commodity ✓ Yes ✓ Yes
IPO ✓ Yes ✓ Yes
Mutual Funds ✓ Yes ✓ Yes
Bonds / NCD ✓ Yes ✓ Yes

Order types offered

Advanced order types supported by FYERS Securities and Groww.

ParameterFYERS SecuritiesGroww
Bracket Order ✕ No ✕ No
Cover Order ✕ No ✕ No
BTST ✓ Yes ✓ Yes
After Market (AMO) ✓ Yes ✓ Yes
GTC / GTT ✓ Yes ✓ Yes

Safety & credibility

SEBI registration, financial strength and complaint record for FYERS Securities and Groww.

ParameterFYERS SecuritiesGroww
SEBI registration INZ000166137 INZ000301838
NSE member code 12768 90187
Year of incorporation 2015 longer track record 2016
Net worth ₹1,348+ Cr Not Publicly Disclosed
Exchange memberships NSE · BSE · MCX NSE · BSE · MCX
Latest complaint ratio 0.002% fewer complaints 0.009%

Complaints record

Exchange complaint data for FYERS Securities and Groww — the ratio matters more than the raw count.

ParameterFYERS SecuritiesGroww
Latest financial year 2025–26 2023–24
Exchange NSE NSE
Active clients 10,87,436 95,38,609 larger base
Complaints filed — 834
Complaint ratio 0.002% fewer complaints 0.009%

Pros & cons

The main advantages and drawbacks of each broker.

FYERS Securities

▲ Pros

  • ✓ Zero brokerage on Equity Delivery.
  • ✓ TradingView-powered advanced charting.
  • ✓ Free API access for algorithmic trading.
  • ✓ Supports stocks, F&O, commodities, currencies, IPOs, mutual funds, and ETFs.
  • ✓ Fully digital and paperless account opening.
  • ✓ Powerful web and mobile trading platforms with advanced order types.

▼ Cons

  • ✕ No physical branch network comparable to full-service brokers.
  • ✕ Research and advisory services are limited.
  • ✕ Call & Trade service is chargeable.
  • ✕ Margin availability depends on SEBI peak margin regulations.
  • ✕ Beginners may find the advanced trading interface slightly complex.
Groww

▲ Pros

  • ✓ Simple and beginner-friendly trading platform.
  • ✓ Fully digital and paperless account opening process.
  • ✓ Supports investment in stocks, mutual funds, ETFs, IPOs and F&O.
  • ✓ Available on both web and mobile platforms.
  • ✓ Transparent brokerage structure.
  • ✓ Easy portfolio tracking and fund management.
  • ✓ Supports multiple exchanges including NSE, BSE and MCX.
  • ✓ Secure online investment platform with modern trading tools.

▼ Cons

  • ✕ Limited physical branch network.
  • ✕ Research and advisory services are comparatively limited.
  • ✕ Call & Trade facility is not available.
  • ✕ Advanced trading features may be fewer than some full-service brokers.
  • ✕ Customer support response time may vary during peak market hours.
  • ✕ Margin funding and premium research offerings are limited compared to some competitors.
Open FYERS Securities Account Open Groww Account

Explore more comparisons

Compare FYERS Securities with

FYERS Securities vs Zerodha FYERS Securities vs Angel One FYERS Securities vs Upstox FYERS Securities vs ICICI Direct FYERS Securities vs Kotak Neo FYERS Securities vs HDFC Securities FYERS Securities vs SBI Securities FYERS Securities vs Motilal Oswal FYERS Securities vs Paytm Money FYERS Securities vs Mirae Asset Sharekhan FYERS Securities vs Axis Direct FYERS Securities vs 5paisa FYERS Securities vs Choice Broking FYERS Securities vs m.Stock FYERS Securities vs Sahi FYERS Securities vs SMC Global FYERS Securities vs Anand Rathi FYERS Securities vs Jainam Broking Limited

Compare Groww with

Groww vs Zerodha Groww vs Angel One Groww vs Upstox Groww vs ICICI Direct Groww vs Kotak Neo Groww vs HDFC Securities Groww vs SBI Securities Groww vs Motilal Oswal Groww vs Paytm Money Groww vs Mirae Asset Sharekhan Groww vs Axis Direct Groww vs 5paisa Groww vs Choice Broking Groww vs m.Stock Groww vs Sahi Groww vs SMC Global Groww vs Anand Rathi Groww vs Jainam Broking Limited
Disclaimer: Investments in the securities market are subject to market risks; read all related documents carefully before investing. This page is for information only and is not investment advice. Brokerage, AMC and other charges change frequently — always verify against the broker's official website before opening an account. Affiliate disclosure: "Open account" links are affiliate links and we may earn a commission at no extra cost to you; this does not influence our ratings.