Broker comparison

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

Q: 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 ₹5" and Fyers as "₹20 or 0.3% per order (whichever is lower)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.

Q: 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.

Q: 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.

Q: Is Groww cheaper than Fyers?

On our four example trades (intraday, delivery, options and futures), Groww is cheaper on 0, Fyers on 0, and 4 are tied. Statutory charges are identical, so any difference comes from brokerage.

Q: 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.

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 14 November 2026 · Independent

0 – 0Cheaper on example trades (Groww – Fyers)
4 – 6Published features (of 9)

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 ₹5	₹20 or 0.3% per order (whichever is lower)
Intraday brokerage	₹20 or 0.1% per order (whichever is lower), minimum ₹5	₹20 or 0.03% per order (whichever is lower)
F&O brokerage	₹20 per order (flat)	₹20 per order (options); ₹20 or 0.03% per order for futures (whichever is lower)
AMC	₹0	₹0 (zero AMC)
Account opening	Free (online)	Free (₹0 account opening)
Trading API	Groww Trade API — ₹499 + taxes per month (per official 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.

Cost face-off: what real trades cost

Total charges per round trip, brokerage + all statutory charges (NSE)
Trade	Groww	Fyers	Cheaper
Intraday: ₹1 lakh buy & sell	₹82.97	₹82.97	Tie
Delivery: ₹50,000 buy & sell	₹178.98	₹178.98	Tie
Options: premium ₹100 × 75	₹66.43	₹66.43	Tie
Futures: ₹24,000 × 75	₹1,067.15	₹1,067.15	Tie

Illustrative quantities. Try your own trade in the compare-all brokerage calculator.

Feature check

Feature	Groww	Fyers
Free delivery	–	–
Zero AMC	✓	✓
Free API	–	✓
TradingView	–	✓
MCX commodity	–	✓
Mutual funds	✓	–
IPO	✓	✓
Research desk	–	–
Published speed	✓	✓

What the published data shows

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

Related comparisons

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 ₹5" and Fyers as "₹20 or 0.3% per order (whichever is lower)". 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.

Is Groww cheaper than Fyers?

On our four example trades (intraday, delivery, options and futures), Groww is cheaper on 0, Fyers on 0, and 4 are tied. Statutory charges are identical, so any difference comes from brokerage.

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

Groww - official website - https://groww.in
Groww - official pricing - https://groww.in/pricing
Fyers - official website - https://fyers.in
Fyers - official pricing - https://fyers.in/pricing/