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Comparison

FYERS vs Groww

FYERS and Groww both land on Depends.

FYERS

Depends

Confidence: Medium

A strong fit for active Indian traders who want flat cheap brokerage, advanced charts, and algo APIs.

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Groww

Depends

Confidence: Medium

A solid pick for first-time Indian investors wanting simple stock and direct mutual fund investing in one app.

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FYERS versus Groww
Compare	FYERS	Groww
Verdict	Depends	Depends
Best for	Active F&O traders	First-time Indian investors
Who it's not for	Buy-and-hold investors trading twice a year	Active F&O traders needing advanced tools
Privacy	Active bug bounty with paid rewards; SEBI fined FYERS ₹4 lakh (2025) for peak-load/DR violations; no public breach found in sources reviewed.^⁴	One public CVE (Android app auth bypass); company runs a bug bounty, employs a CISO, and publishes security practices.
Support quality	No reliable support evidence found	'Very bad experience' and 'most poor service' reviews
Public sentiment	Traders on Reddit and review sites generally praise FYERS' low costs and trading tools, with mixed opinions versus Zerodha and Dhan.^⁵	Users praise Groww's simplicity but frequently complain about hidden charges and poor customer support.¹⁴
Biggest gotcha	Cheaper rates require paid FYERS Prime subscription; standard plan is ₹20/order^²	Multiple Reddit threads allege total costs land higher than marketing implies; verify each trade's breakdown.¹⁶

Pick FYERS when

Active F&O traders
Algo and API traders
Cost-sensitive frequent traders
TradingView-style charting users

When FYERS is not a fit

Buy-and-hold investors trading twice a year
First-time investors wanting guided onboarding
Full-service advisory seekers wanting research calls
Mutual fund and SIP-first investors

Pick Groww when

First-time Indian investors
Direct mutual fund SIPs
Mobile-first casual traders
One-app stocks + MF portfolio

When Groww is not a fit

Active F&O traders needing advanced tools
Anyone needing fast, reliable support
Cost-sensitive traders wary of hidden charges
Users wanting deep charting and pro order types

Sources

FYERS Pricing . Trading Charges & Brokerage Feesfyers.in
official
FYERS Prime Subscriptionfyers.in
official
FYERS Homepagefyers.in
official
SEBI fines broker FYERS Rs 4 lakh . Moneycontrolmoneycontrol.com
news
Fyers . Verified Reviews from Actual Traders (TradingView)tradingview.com
review
Fyers Stock Trading, Demat, Brokerage and Reviews (Chittorgarh)chittorgarh.com
review
Best broker for F&O in 2025? . Redditreddit.com
review
My Trading Broker Review . Redditreddit.com
review
FYERS Bug Bounty Programfyers.in
security
Bug . Refresh Token . Not validating appIdHash (FYERS Community)fyers.in
security
₹2.4 lakh critical bug reward . LinkedInlinkedin.com
security
Trader alleges losses from faulty FYERS system . LinkedInlinkedin.com
news
FYERS Securities Employee Reviews (AmbitionBox)ambitionbox.com
review
Groww Trustpilot reviewstrustpilot.com
review
Groww hidden fees threadreddit.com
review
Groww's Pricing Scam - hidden brokerage feesreddit.com
review