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Fyers vs Groww charges review

Fyers vs Groww charges review

Are you looking for an online trading platform that you can trust and that is easy to use? If so, you might want to look at Fyers and Groww, two popular choices. To help you choose which platform is best for you, we’ll look at Fyers vs Groww in this blog post.

Fyers Overview

There are low brokerage fees at Fyers, as well as fast trading platforms and a wide range of products and services. It is said that Fyers has the best trading terminal in India. It has advanced charting tools, indicators, and scanners. You can also do thematic investing with Fyers, which lets you put your money into ready-made portfolios based on different themes and strategies.

Groww Overview

You can buy stocks, mutual funds and US stocks on Groww, an online investment platform. Groww wants to make investing easy and clear for everyone, especially people who are just starting out. Groww’s website and app are easy to use, so you can easily look at, compare, and buy different investment products.

We will look at some important things to compare Fyers and Groww, such as

Brokerage charges and fees
Trading platforms and features
Products and services
Customer support and reviews

Help for customers and reviews

Fyers vs Groww: Brokerage charges and fees

For delivery, Fyers charges ₹0. For Intraday & Futures, Fyers charges ₹20 or 0.03% per executed order, whichever is lower. For Futures and options, Fyers charges ₹20. Fyers doesn’t charge to open an account or AMC charges.

Groww does not charge any brokerage for equity delivery trades. Groww charges a flat fee of Rs. 20 per order or 0.05% of the order value, whichever is less, for intraday. Groww also doesn’t charge any fees to open or AMC charges. For Futures & Options, Groww charges ₹20.

Winner: Fyers for providing Equity delivery at ₹0

Fyers vs Groww: Trading platforms and features

Fyers

Fyers has three trading platforms: Fyers Markets (mobile), Fyers Web (browser), and Fyers One (desktop). Each of these platforms is quick, stable, and comes with a number of useful features, such as

News and live market data- Advanced charts with more than 60 indicators
Watchlists and alerts that can be changed
Screeners and scanners for stock
Option chain and strategy builder
Trade from charts and quick order placement

Groww

Groww has two ways to trade: the Groww App for phones and the Groww Website for computers. Both of these platforms are simple, easy to understand, and made for people who are just starting out. The following are some of the things that Groww can do:

Live market data and news
Basic charting with candlestick and line charts
Simplified watchlists and alerts
Stock filters and recommendations
Mutual fund explorer and analyzer
SIP calculator and goal planner

Winner: Fyers for Providing Advanced charts, Option chain and more than 60 indicators.

Fyers vs Groww: Products and services

Fyers gives its customers a lot of products and services, like

Equity delivery, intraday, futures, and options
Currency futures and options
Commodity futures.
Thematic investing
IPOs and NCDs

Groww offers a limited range of products and services to its customers, such as:

Equity delivery, intraday, futures, and options
Direct Mutual funds
US stocks
IPOs

Winner: Fyers for providing Currency futures and options, Commodity futures & options

Customer support and reviews

You can get in touch with Fyers’ customer service team by phone, email or social media. Fyers also has a help centre where you can find answers to questions that people often ask. Customers have given Fyers mixed reviews. Some have said great things about its trading platforms and brokerage fees, while others have said bad things about its customer service and technical problems.

You can get in touch with Groww’s helpful customer service team by phone, email or social media. Groww also has a help centre where you can find videos and articles about a range of investing topics. Customers have mostly good things to say about Groww. Many like how simple and clear it is, but some have had problems with how orders are executed and funds are transferred.

Note: Meither of these 2 platforms provides chat support.

Winner: Groww for providing better customer support.

Conclusion:

Both Fyers and Groww are good places to trade online, and they can help different kinds of investors. Fyers might be a better choice for you if you want a cheap broker with a wide range of products and advanced trading tools. If you want an easy-to-use platform with US stocks and mutual funds that is good for beginners, Groww might be a better choice.

Post Disclaimer

For informational purposes only:

The information presented on this website is for informational purposes only and should not be construed as financial, legal, or professional advice. While we strive to provide accurate and up-to-date information, we cannot guarantee its completeness or accuracy. Any opinions expressed herein are solely those of the author or individual contributor and do not necessarily reflect the views of any company, organization, or other entity.

Do your own research:

Readers are encouraged to conduct their due diligence and consult with a qualified professional before making any decisions based on the information presented on this website. Trading, investing, and other financial activities involve inherent risks, and you could lose all or a portion of your capital. Past performance is not indicative of future results.

Product Name	Groww app brokerage charges Fyers review and brokerage charges
Product Image
Price
Our Rating	8.6 7.8
Brand	Groww Fyers
Category	Stock brokers Stock brokers

Company Overview


Company name	Groww Venture FYERS Securities Private Limited
Headquarters	New Delhi Bengaluru
Founder	Lalit Keshre Tejas Khoday, Yashas Khoday, and Shreyas Khoday
Establishment Year	2017 2015

Account opening & AMC


Account Opening Fee The account opening fee, also known as account setup charges, refers to the one-time charge levied by a brokerage firm when you open a new Demat and trading account to invest in securities like stocks, bonds, or ETFs. These fees can vary depending on the type of account, the brokerage firm, and any current promotions or offers.	₹0 ₹0
Annual Maintenance Charges (AMC) This is a yearly fee levied by the depository participant (DP) to maintain your Demat account, where your shares are held electronically.	₹0 ₹0

Pledge Charges


Pledge Creation Charges	₹0 ₹0
Pledge Invocation Charges	₹20 ₹0
Interest on Margin Trading	Does not provide Does not provide
Margin Re-Pledge	₹5 ₹0

Brokerage charges & Fees


Brokerage Plan	Standard Standard account
Equity Delivery Charges	₹20 or 0.05% per executed order, whichever is lower ₹0
Equity Intraday Charges	₹20 or 0.05% per executed order, whichever is lower ₹20 or 0.03% per executed order, whichever is lower
Equity Futures charges	Flat ₹20 per executed order ₹20 or 0.03% per executed order, whichever is lower
Equity Options charges	Flat ₹20 per executed order Flat ₹20 per executed order
Currency Futures charges	Does not offer ₹20 per executed order or 0.03% of the transaction value, whichever is lower
Currency Options charges	Does not offer Flat ₹20 per executed order
Commodity Futures charges	Does not offer ₹20 per executed order or 0.03% of the transaction value, whichever is lower
Commodity Options charges	Does not offer ₹20 per executed order

Customer services offered


Demat Services	✅Yes ✅Yes
Trading Services	✅Yes ✅Yes
Intraday Services	✅Yes ✅Yes
F&O Services	✅Yes ✅Yes
IPO Services	✅Yes ✅Yes
Share Pledging	✅Yes ✅Yes
NRI Services	✅Yes ✅Yes
Referral Program	✅Yes ✅Yes

Customer Support


Call Support	+91 9108800604 (24x7) 080-600 01 111 (9:00AM - 11:55PM)
Email Support	support@groww.in support@fyers.in (9:00AM - 11:55PM)
Whatsapp Support	⛔No ⛔No
Website Support	✅Yes, create ticket ✅Yes, Articles only. No Chat support

Leverage (Margin) Offered


Equity Delivery Margin Leverage	No leverage available; requires full margin upfront No leverage available; you need the full purchase value in your account.
Equity Intraday Margin Leverage	Upto 5x depending on the stock (lower leverage for volatile stocks) Upto 5x depending on the stock (lower leverage for volatile stocks)
Equity F&O Intraday Margin Leverage	No leverage available; requires full margin upfront No leverage available; requires full margin upfront
Equity F&O Carry Forward Margin Leverage	No leverage available; requires full margin upfront No leverage available; requires full margin upfront
Currency F&O Margin Leverage	Does not provide Currency trading No leverage available; requires full margin upfront
Commodity F&O Intraday Margin Leverage	Does not provide Commodity trading No leverage available; requires full margin upfront
Commodity F&O Carry Forward Margin Leverage	Does not provide Commodity trading No leverage available; requires full margin upfront

Unique Offerings


Free Account Opening	✅Yes ✅Yes
Free Brokerage	On Mutual Funds and IPOs only On Stock delivery, Mutual Funds and IPOs only
Free AMC	✅Yes ✅Yes
Free Equity Delivery	⛔No ✅Yes
Free F&O Trading	⛔No ⛔No
Free Intraday Trading	⛔No ⛔No
Free Trading calls	⛔No ⛔No
Happy Trading Hours	⛔No ⛔No
Flexible Brokerage Plans	⛔No ⛔No
Referral Offers	✅Yes ✅Yes
Margin Funding (MTF)/ Pledging	✅Yes ✅Yes
Brokerage Cashback	⛔No ⛔No
Zero Brokerage for Loss Making Trades	⛔No ⛔No
Relationship Manager	⛔No ⛔No

Services Provided


Equity Delivery	✅Yes ✅Yes
Equity Intraday	✅Yes ✅Yes
Equity Futures	✅Yes ✅Yes
Equity Options	✅Yes ✅Yes
Currency Futures	⛔No ✅Yes
Currency Options	⛔No ✅Yes
Commodity Futures	⛔No ✅Yes
Commodity Options	⛔No ✅Yes
Foreign Stocks	✅Yes, US stocks ⛔No
Mutual Funds	✅Yes ✅Yes
Banking	⛔No ⛔No
Insurance	⛔No ⛔No
Corporate Bonds	⛔No ⛔No
Govt. Bonds	⛔No ⛔No
Digital Gold	⛔No ⛔No

Order Types


Market Order	✅Yes ✅Yes
Limit Order	✅Yes ✅Yes
Bracket Order	⛔No ✅Yes
Cover Order	⛔No ✅Yes
After Market Order (AMO)	✅Yes ✅Yes
Good Till Cancelled (GTC)	✅Yes ✅Yes
Buy Today Sell Tomorrow (BTST)	⛔No ⛔No
Sell Today Buy Tomorrow (STBT)	⛔No ⛔No

Research & Reports


Annual Reports	✅Yes ✅Yes
Company Reports	✅Yes ✅Yes
Research Reports	⛔No ✅Yes
Fundamental Reports	✅Yes ✅Yes
IPO Reports	✅Yes ✅Yes
Technical Reports	⛔No ✅Yes
Stock tips	⛔No ⛔No
Daily Market Review	✅Yes ✅Yes
Monthly Review	✅Yes ✅Yes
Weekly Review	✅Yes ✅Yes
Robo Advisory	⛔No ⛔No

STT & CTT Charges


Equity Delivery STT & CTT	0.1% on buy & sell 0.1% on Buy and Sell
Equity Intraday STT & CTT	0.025% on the sell side 0.025% on Sell
Equity Futures STT & CTT	0.0125% on the sell side 0.0125% on Sell
Equity Options STT & CTT	0.0625% on sell side (on premium) 0.0625% on Sell
Currency Futures STT & CTT	⛔ Does not offer No STT
Currency Options STT & CTT	⛔ Does not offer No STT
Commodity Futures STT & CTT	⛔ Does not offer 0.01% on sell side (Non-Agri)
Commodity Options STT & CTT	⛔ Does not offer 0.05% on sell side

Trading Features


Watchlist	✅Yes ✅Yes
Real Time Updates	✅Yes ✅Yes
Portfolio Details	✅Yes ✅Yes
Price Alert	✅Yes ✅Yes
Online Mutual Fund Buy	✅Yes ✅Yes
Global indices	⛔No ⛔No
Customized Recommendations	⛔No ✅Yes
Advanced charting	⛔No ✅Yes
Live market	✅Yes ✅Yes
Multiple Profile Management	⛔No ⛔No
Secure Platform	✅Yes ✅Yes

Trading Platforms


Android App	✅Yes ✅Yes
iOS App	✅Yes ✅Yes
Web Trading Platform	✅Yes ✅Yes
Trading Terminal	⛔No ✅Yes
Algo Trading Platform	⛔No ✅Yes
Foreign Stocks Trading Platform	✅Yes, US stocks only ⛔No
Basket Trading Platform	⛔No ✅Yes
Mutual Fund Investment Platform	✅Yes ✅Yes
Digital Gold Investment Platform	⛔No ⛔No
Bonds Investment Platform	⛔No ⛔No

Transaction Charges


Equity Delivery Transaction Charges	NSE: 0.00325% \| BSE: 0.00375% NSE: 0.00325% \| BSE: 0.00375%
Equity Intraday Transaction Charges	NSE: 0.00325% \| BSE: 0.00375% NSE: 0.00325% \| BSE: 0.00375%
Equity Futures Transaction Charges	NSE: 0.0019% \| BSE: 0 0.0005%
Equity Options Transaction Charges	NSE: 0.05% (on premium) \| BSE: 0.0325% (on premium) 0.009%
Currency Futures Transaction Charges	Does not offer NSE- 0.0009%
Currency Options Transaction Charges	Does not offer NSE- 0.035% \| BSE- 0.001%
Commodity Futures Transaction Charges	Does not offer MCX- Non-Agri: 0.0026%
Commodity Options Transaction Charges	Does not offer MCX- Non-Agri: 0.05%

Stamp Duty charges


Equity Delivery Stamp Duty	0.015% or ₹1500 / crore on buy side 0.015%
Equity Intraday Stamp Duty	0.003% or ₹300 / crore on buy side 0.003%
Equity Futures Stamp Duty	0.002% or ₹200 / crore on buy side 0.002%
Equity Options Stamp Duty	0.003% or ₹300 / crore on buy side 0.003%
Currency Futures Stamp Duty	⛔ Does not offer 0.0001% on Buy Side
Currency Options Stamp Duty	⛔ Does not offer 0.0001% on Buy Side
Commodity Futures Stamp Duty	⛔ Does not offer 0.002% on Buy Side
Commodity Options Stamp Duty	⛔ Does not offer 0.003% on Buy Side

Other Charges


SEBI Turnover Charges	₹10 / crore ₹10/Crore (For all segments)
DP Charges	₹13.5 per company ₹7 + ₹5.5 (CDSL Charges)
GST charges	18% 18% of (brokerage + transaction charges + Demat)
Account Closure Charges	Free Free
Reactivation Charges	Free Free
Dematerialization Charges	₹150 per share certificate + courier charges ₹0
Call and Trade charges	₹50 per order ₹50 per executed order