Independent comparison. No broker affiliation, sponsorship or referral fees. Rankings are computed only from published, verifiable data.

Broker comparison

Groww vs Fyers (2026): Brokerage, API, AMC & Execution Compared

Side-by-side comparison of Groww and Fyers from published official pricing and features — no affiliation with either broker.

By the Indian Broker Test editorial desk · Published 8 July 2026 · Data last reviewed 9 July 2026 · Independent

Groww vs Fyers — published pricing and features (official sources at last review)
Metric Groww Fyers
Delivery brokerage ₹20 or 0.1% per order (whichever is lower; minimum applies - see official pricing) ₹0 (free)
Intraday brokerage ₹20 or 0.1% per order (whichever is lower) ₹20 or 0.03% per order (whichever is lower)
F&O brokerage ₹20 per order (flat) ₹20 per order (flat)
AMC ₹0 ₹0 (zero AMC)
Account opening Free (online) Free (₹0 account opening)
Trading API Groww Trade API — See official developer page Fyers API — Free (per official API page)
Reported execution speed < 50 ms (self-reported)self-reported p99 < 7 ms (processing, self-reported)self-reported
Algo support Limited - API access is newer than peers Yes - free API; TradingView-based platform
Platforms Groww app, Groww web Fyers app, Fyers Web, TradingView charts
Best for (published) Beginners and long-term investors who want one simple app for stocks and mutual funds. Chart-driven and algorithmic traders who live in TradingView.

Statutory charges (STT, exchange fees, GST, etc.) are not included. Figures are from official pricing pages at our last review — verify before opening an account.

What the published data shows

Fyers publishes free equity delivery; Groww does not (per official pricing at review). Both publish execution-speed figures (Groww: < 50 ms (self-reported); Fyers: p99 < 7 ms (processing, self-reported)) — methodologies differ; see each profile before comparing on speed alone.

Tools & profiles

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Frequently asked questions

Groww vs Fyers: which has lower delivery brokerage?

At our last review, Groww published delivery brokerage as "₹20 or 0.1% per order (whichever is lower; minimum applies - see official pricing)" and Fyers as "₹0 (free)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.

Does Groww or Fyers have a trading API?

Both have documented APIs at review time: Groww (Groww Trade API), Fyers (Fyers API). Compare pricing and rate limits on each broker's developer page.

Which is faster — Groww or Fyers?

Groww publishes < 50 ms (self-reported); Fyers publishes p99 < 7 ms (processing, self-reported). Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.

Are these comparisons independent?

Yes. Indian Broker Test is not affiliated with, sponsored by, or endorsed by any broker. Rankings and comparisons use only published official data; gaps are shown as Not Disclosed.

Sources

  1. Groww - official website - https://groww.in
  2. Groww - official pricing - https://groww.in/pricing
  3. Fyers - official website - https://fyers.in
  4. Fyers - official pricing - https://fyers.in/pricing/