| Basic Details | - •Broker Type: Discount broker
- •Founded: 2015
| - •Broker Type: Digital-first discount broker
- •Founded: 2016 (broking entity expanded later from MF platform)
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| Charges & AMC | - •Trading and Demat Account Opening: Rs 0
- •Trading AMC: Rs 0 (lifetime as stated)
| - •Trading and Demat Account Opening: Rs 0
- •Trading AMC: Rs 0
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| Brokerage | - •Equity Delivery: Rs 20 or 0.03% (whichever is lower)
- •Equity Intraday: Rs 20 or 0.03% (whichever is lower)
| - •Equity Delivery: Lower of Rs 20 or 0.05% per order
- •Equity Intraday: Lower of Rs 20 or 0.05% per order
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| Other Charges | - •Call and Trade: additional charge (referenced as Rs 50/order)
- •Admin square-off charges may apply for auto close positions.
| - •Auto square-off charge: Rs 50
- •Statutory and exchange charges apply separately.
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| Leverage (Margin) | - •Margin products include MTF offerings in promotional messaging.
- •Practical leverage and margin depend on segment, risk, and exchange norms.
| - •Margin and leverage depend on segment and risk policy.
- •Source section introduces margin topic but does not expose one fixed leverage number in the extracted snapshot.
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| Features | - •In-house built trading stack.
- •Insta Options for strategy building and payoff analysis.
| - •Paperless onboarding and simple UX.
- •Strong mutual fund and retail investing workflow.
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| Trading Platforms | - •Fyers App (mobile)
- •Fyers Web
| - •Groww Mobile App
- •Groww Web Platform
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| Reviews & Ratings | - •Marketed as a low-brokerage technology-first platform.
- •In this source extract, a single numeric overall rating is not prominently presented.
| - •Positioned as beginner friendly with strong app adoption.
- •In this source snapshot, no single numeric consolidated rating table is shown.
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| Investment Options | | - •Equity
- •Intraday and derivatives
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| Order Types Offered | - •Standard equity and derivatives order types
- •Intraday and delivery order handling
| - •Standard market and limit order flows
- •App and web based execution
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| Suitable For (Investor Type) | - •Active traders focused on low brokerage and platform tools.
- •Users who prefer in-house charting and options strategy interfaces.
| - •First-time investors preferring clean mobile-first experience.
- •Cost-conscious users who also invest in direct mutual funds.
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| Pros and Cons | - •Pros:
- •Very competitive flat-fee structure.
| - •Pros:
- •Zero opening/AMC and low brokerage.
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