Broker comparison

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

Q: Groww vs IIFL Securities: 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 IIFL Securities as "0.25% per order (Investor Plan - Online Plus, per official rate card)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.

Q: Does Groww or IIFL Securities have a trading API?

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

Q: Which is faster — Groww or IIFL Securities?

Groww publishes < 50 ms (self-reported); IIFL Securities publishes ≈ 95 ms (median). 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 IIFL Securities?

On our four example trades (intraday, delivery, options and futures), Groww is cheaper on 3, IIFL Securities on 0, and 0 are tied, with the rest not modelled from published pricing. 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 IIFL Securities 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

3 – 0Cheaper on example trades (Groww – IIFL Securities)
4 – 5Published features (of 9)

Groww vs IIFL Securities — published pricing and features (official sources at last review)
Metric	Groww	IIFL Securities
Delivery brokerage	₹20 or 0.1% per order (whichever is lower), minimum ₹5	0.25% per order (Investor Plan - Online Plus, per official rate card)
Intraday brokerage	₹20 or 0.1% per order (whichever is lower), minimum ₹5	0.025% per order (Investor Plan - Online Plus)
F&O brokerage	₹20 per order (flat)	Futures 0.025% per order; options ₹25 per lot (Investor Plan - Online Plus)
AMC	₹0	Free first year, then ₹250 + GST per year
Account opening	Free (online)	Free (₹0 online)
Trading API	Groww Trade API — ₹499 + taxes per month (per official page)	IIFL Securities API
Reported execution speed	< 50 ms (self-reported)self-reported	≈ 95 ms (median)
Algo support	Limited - API access is newer than peers	Yes - via IIFL trading API
Platforms	Groww app, Groww web	IIFL Markets app, IIFL web (Trading Terminal), IIFL NEST desktop
Best for (published)	Beginners and long-term investors who want one simple app for stocks and mutual funds.	Investors who want a full-service broker with in-house research and wide product coverage.

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	IIFL Securities	Cheaper
Intraday: ₹1 lakh buy & sell	₹82.97	₹95.06	Groww (saves ₹12.09)
Delivery: ₹50,000 buy & sell	₹178.98	₹441.53	Groww (saves ₹262.55)
Options: premium ₹100 × 75	₹66.43	Not modelled	-
Futures: ₹24,000 × 75	₹1,067.15	₹2,083.06	Groww (saves ₹1,015.91)

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

Feature check

Feature	Groww	IIFL Securities
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); IIFL Securities: ≈ 95 ms (median)) — methodologies differ; see each profile before comparing on speed alone.

Tools & profiles

Related comparisons

Frequently asked questions

Groww vs IIFL Securities: 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 IIFL Securities as "0.25% per order (Investor Plan - Online Plus, per official rate card)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.

Does Groww or IIFL Securities have a trading API?

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

Which is faster — Groww or IIFL Securities?

Groww publishes < 50 ms (self-reported); IIFL Securities publishes ≈ 95 ms (median). Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.

Is Groww cheaper than IIFL Securities?

On our four example trades (intraday, delivery, options and futures), Groww is cheaper on 3, IIFL Securities on 0, and 0 are tied, with the rest not modelled from published pricing. 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
IIFL Securities - official website - https://www.iiflcapital.com
IIFL Securities - official pricing - https://www.iiflcapital.com/brokerage-charges