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Comparison

FYERS vs Groww

FYERS and Groww both land on Depends.

FYERS

fyers.in

Depends
Confidence: Medium

Good fit for active Indian traders doing F&O, algo, or API-based trading who want flat ₹15 orders and deep charting tools.

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Groww

groww.in

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
CompareFYERSGroww
VerdictDependsDepends
Best forActive F&O tradersFirst-time Indian investors
Who it's not forPassive buy-and-hold investorsActive F&O traders needing advanced tools
PrivacyBug bounty program in place; SEBI fined FYERS ₹4 lakh (2025) for peak-load and disaster-recovery norm violations.⁴One public CVE (Android app auth bypass); company runs a bug bounty, employs a CISO, and publishes security practices.16
Support qualitySupport-access complaints documented publicly'Very bad experience' and 'most poor service' reviews
Public sentimentTraders on Reddit and TradingView generally rate Fyers highly for options and algo trading, while some report difficulty reaching support.⁵Users praise Groww's simplicity but frequently complain about hidden charges and poor customer support.11
Biggest gotchaSEBI fined the broker ₹4 lakh (Feb 2025) over peak-load and disaster-recovery norms . a reliability signal.⁴Multiple Reddit threads allege total costs land higher than marketing implies; verify each trade's breakdown.13

Pick FYERS when

  • Active F&O traders
  • Algo/API traders
  • Cost-conscious Indian traders
  • Heavy charting users

When FYERS is not a fit

  • Passive buy-and-hold investors
  • Traders needing premium phone support
  • Traders outside NSE/BSE/MCX markets
  • Users wanting the biggest, most battle-tested platform

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

  1. FYERS official sitefyers.in
    official
  2. FYERS investments (zero-commission mutual funds)fyers.in
    official
  3. FYERS bug bounty programfyers.in
    security
  4. SEBI fines FYERS ₹4 lakh . Moneycontrolmoneycontrol.com
    news
  5. Fyers reviews . TradingViewtradingview.com
    review
  6. Fyers reviews . Trustpilottrustpilot.com
    review
  7. FYERS employee reviews . Ambitionboxambitionbox.com
    review
  8. My Trading Broker Review . Redditreddit.com
    review
  9. Why am I not able to connect with FYERS Support?support.fyers.in
    official
  10. FYERS company profile . Tracxntracxn.com
    official
  11. Groww Trustpilot reviewstrustpilot.com
    review
  12. Groww hidden fees threadreddit.com
    review
  13. Groww's Pricing Scam - hidden brokerage feesreddit.com
    review
  14. Switching from Groww to Zerodhareddit.com
    review
  15. I feel so bad (Groww app)reddit.com
    review
  16. CVE-2026-12065: Groww App Auth Bypass Vulnerabilitysentinelone.com
    security