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Fyers Vs Groww Vs AxisDirect: Which one is better?

The brokerage of Fyers ranges between Rs 20, the brokerage of Groww ranges between Rs 20, while the brokerage of AxisDirect ranges between 0.05% to 0.5%. The broker Fyers and Groww are a discount brokers where AxisDirect is a full service broker. Overall rating for Fyers is 4, Groww is rated 4, AxisDirect is rated 3.5 out of 5.

Here we present side-by-side comparison of Fyers vs Groww vs AxisDirect stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared Fyers vs Groww vs AxisDirect on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better Fyers vs Groww vs AxisDirect in this setion with 360 degree view of broker information.

Compare Fyers vs Groww vs AxisDirect on Service

  Fyers Compare
Fyers
Groww Compare
Groww
AxisDirect Compare
AxisDirect
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Discount Broker Discount Broker Full Service Broker
Exchanges Supported BSE, NSE, MCX NSE, BSE NSE, BSE
Broker Overview Fyers is one of India's most popular brokers thanks to its best-in-class technology platforms, user-friendly interface (Fyers 2.0 app, Fyers Next, and Fyers One terminal), ultra-low brokerage (Rs 20/order), lowest NRI trading (Rs 50/order) and free i... Know more about Fyers Groww is the top broker for beginners to invest in direct mutual funds for Free and trade in stocks at a Rs 20 flat fee! Also, its easy-to-use, crystal clear user interface, and safe & secure Groww app and web-based platform makes investing hassl...Know more about Groww Axis Direct is a leading player in the retail broking space. The 3-in-1 account with Axis Direct is a single platform to trade in different asset classes, access innovative Ring powerful-technology trading platform, quality research calls & advis... Know more about AxisDirect
Broker Enquiry Request call back from Fyers Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Fyers vs Groww vs AxisDirect on Trading & Demat Account Opening Charges

In this section we have compared Fyers vs Groww vs AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - Fyers and Groww offer Free account opening where AxisDirect charges Rs 999 for account opeing. Demat AMC charges - Fyers charges Free as AMC for Demat account, Groww charges Free AMC for Demat account, where AxisDirect charges Rs 750 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Fyers vs Groww vs AxisDirect
Charges Fyers Groww AxisDirect
Trading Account Opening Fees Free Free Rs 999
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Free Free Rs 750 PA (Free for 1st year)
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare Fyers vs Groww vs AxisDirect on Plan Options

Plans are the most important feature you look when compare Fyers vs Groww vs AxisDirect. This section copare on high level about type of plans offered by brokers. Miltiple Plans - AxisDirect offers Multiple Plans where Fyers and Groww doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.

Compare Fyers vs Groww vs AxisDirect on Plan Options
Plan Types Fyers Groww AxisDirect
Multiple Plans No No Yes
Monthly Plans No No No
Yearly Plans No No No
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Account Opening Request

Account Opening

  Fyers Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Fyers vs Groww vs AxisDirecton Brokerage Charges

Fyers Brokerage Plan detail - Trade in any segment with Free delivery trading and competitive brokerage of max Rs 20 in all other segments.

Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.

AxisDirect Brokerage Plan detail - Axis Direct has a fixed % based brokerage plan that charge a fixed brokerage fee on trading across segments.

Brokerage Charges - Compare Fyers vs Groww vs AxisDirect
Brokerage Charges Compare Fyers Groww AxisDirect
Plan Name Max Rs 20 Per Order Trading Plan Flat Brokerage Plan Fixed Brokerage Trading Plan (Percentage Based)
Equity Delivery Free 0.05% or Rs 20 whichever is lower 0.50% (Each leg)
Equity Intraday 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.05% (Each leg)
Equity Futures 0.03% or Rs 20 whichever is lower Flat Fee Rs 20 0.05% (Each leg)
Equity Options Flat Fee Rs 20 Flat Fee Rs 20 Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures 0.03% or Rs 20 whichever is lower Not Available 0.05% (Each Leg)
Currency Options Flat Fee Rs 20 Not Available Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p
Commodity Trading Flat Fee Rs 20 Not Available Futures: 0.03% (Each leg)| Options: Rs. 50 per lot
Minimum Brokerage
Hidden Charges No Info Not Available
Funding No Info Not Available Yes - 18% interest PA
Call & Trade Charges Rs 50 Per Order Rs 50 Per Executable Order Free 20 calls per month, and after Rs. 20 per order
Auto Square off Charges Rs 50 Per Order Rs 50 Per Executable Order 20 calls Free and after that Rs 20 per call
Brokerage Calculator Brokerage Calculator for Fyers Brokerage Calculator for Groww Brokerage Calculator for AxisDirect
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Share Broker's Transaction Charges

Compare Fyers vs Groww vs AxisDirect on Transaction Charges

Compare Fyers vs Groww vs AxisDirect on transaction charges and PCM fee by segment.

Transaction Charges - Compare Fyers vs Groww vs AxisDirect
Transaction Charges Compare Fyers Groww AxisDirect
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA NA
Brokerage Charges Complete Brokerage Plans for fyers Complete Brokerage Plans for groww Complete Brokerage Plans for axisdirect
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Account Features

Compare Fyers vs Groww vs AxisDirect on Account Features

Compare Fyers vs Groww vs AxisDirect on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - AxisDirect offers 3-in-1 Account where Fyers and Groww offers only 2-in-1 account which includes trading and demat account. Margin Funding - Groww and AxisDirect offers margin funding where Fyers doesn't offers margin funding. NRI Trading - AxisDirect offers NRI Trading where Fyers and Groww doesn't offers NRI Trading.

Account Features - Fyers vs Groww vs AxisDirect
Account Features Compare Fyers Groww AxisDirect
3 in 1 Account No Fyers have 2-in-1 account. Only Demate and Trading account. No Fyers have 2-in-1 account. Only Demate and Trading account. Yes, AxisDirect have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes Yes
Algo Trading Yes No No
SMS Alerts No No Yes
Online Demo Yes No Yes
Online Portfolio No Yes Yes
Margin Trading Funding Available No Yes Yes
Combined Ledger for Equity and Commodity Yes No Yes
Intraday Square-off Time 3:15 PM 3:10 PM 2:45 PM
NRI Trading No No Yes
Other Features Fyers 30 Day Challenge NIL NIL
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Trading Platform

Compare Fyers vs Groww vs AxisDirecton Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Fyers vs Groww vs AxisDirect. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.

Trading Platform - Compare Fyers vs Groww vs AxisDirect
Trading Platform Compare Fyers Groww AxisDirect
Desktop Trading Platform Fyers One Groww App Ring
Desktop Demo Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) Yes No Yes
Desktop Platform (Mac) No No No
Web Trading Platform Yes Yes Yes
Web Trading Detail

Fyers Web

Yes

https://login.axisdirect.in/

Web Trading Demo Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No Yes Yes
Mobile Trading Yes Yes Yes
Mobile Trading App Fyers 2.0 Mobile App Groww App AxisDirect Ring Mobile App
Mobile Trading App Demo Fyers 2.0 Mobile App Demo Info Not Available AxisDirect Ring Mobile App Demo
Android Mobile App Yes Yes Yes
Android App Download Andriod Fyers 2.0 Mobile App Download Andriod Groww App Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS Fyers 2.0 Mobile App Download iOS Groww App Download iOS AxisDirect Ring Mobile App Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Free Free Yes, DirectTrade - Rs 2999 PA
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Fyers Equity Intraday and Delivery Brokerage Calculator for Groww Equity Intraday and Delivery Brokerage Calculator for AxisDirect
Futures Brokerage Calculator Futures Brokerage Calculator for Fyers Futures Brokerage Calculator for Groww Futures Brokerage Calculator for AxisDirect
Options Brokerage Calculator Options Brokerage Calculator for Fyers Options Brokerage Calculator for Groww Options Brokerage Calculator for AxisDirect
Detail Detail on Trading Platforms for fyers Detail on Trading Platforms for groww Detail on Trading Platforms for axisdirect

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Broker Ratings by Users

Compare Fyers vs Groww vs AxisDirect on User Rating

  Fyers Groww AxisDirect
  10 Customer Reviews    Rate Fyers 8 Customer Reviews    Rate Groww 6 Customer Reviews    Rate AxisDirect
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating Fyers is Rated 3.2 / 5 based on 10 customer reviews Groww is Rated 4.3 / 5 based on 8 customer reviews AxisDirect is Rated 2.3 / 5 based on 6 customer reviews
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Investment Offerings

Compare Fyers vs Groww vs AxisDirect on Investment Offerings

Compare Fyers vs Groww vs AxisDirect on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Fyers and AxisDirect offers Commodity Trading where Groww doesn't offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - All 3 brokers doesn't offer PMS facility.

Investment Offerings - Compare Fyers vs Groww vs AxisDirect
Investment Offerings Compare Fyers Groww AxisDirect
Equity Cash and F&O Yes Yes Yes
Currency Deravitives Yes No Yes
Commodity Yes No Yes
Online IPO Application Yes Yes Yes
Mutual Funds Yes Yes Yes
Bond / NCD No No Yes
ETF Yes Yes Yes
Banking No No Yes
Insurance No No Yes
Forex No No No
MF SIP Investment Yes Yes Yes
Equity SIP Investment No No Yes
PMS Service No No No
Other Investment Options NIL NIL NIL
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Order Types

Compare Fyers vs Groww vs AxisDirect on Order Types

Order Type - Compare Fyers vs Groww vs AxisDirect on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Fyers and AxisDirect provides Cover Orders (CO) facility where Groww doesn't provides Cover Orders. Bracket Orders (BO) - Fyers provides Bracket Orders (BO) facility where Groww and AxisDirect doesn't provides Bracket Orders. After Market Orders (AMO) - Fyers and AxisDirect AMO facility where Groww doesn't provides AMO. GTC Orders - Fyers and AxisDirect offers Good Till Cancelled (GTC) orders facility where Groww doesn't provides GTC.

Order Types - Compare Fyers vs Groww vs AxisDirect
Order Type Compare Fyers Groww AxisDirect
CNC order Yes Yes Yes
MIS order Yes Yes Yes
NRML order Yes Yes Yes
Cover order Yes No Yes
Bracket order Yes No No
AMO-After Market Orders Yes No Yes
GTC-Good Till Cancelled Yes No Yes
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Customer Service Offered

Compare Fyers vs Groww vs AxisDirect on Customer Service

Compare Fyers vs Groww vs AxisDirect on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare Fyers vs Groww vs AxisDirect
Customer Service Compare Fyers Groww AxisDirect
24/7 Customer Service No No No
Email Support Yes Yes Yes
Onine Live Chat No Yes Yes
Phone Support Yes Yes Yes
Toll Free Number No No Yes
Through Branches No No Yes
Customer Care Number 08060001111 9108800604 022-61480808
Account Opening Process 100% online and paperless proc Online Online
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://fyers.in/school-of-stocks/ https://groww.in/academy https://simplehai.axisdirect.in/learn/overview
Head Office Address Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore - 560009
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Kurla (West),
Mumbai- 400 070.
Website https://fyers.in/ https://groww.in/ https://simplehai.axisdirect.in
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Tips/Research/Reports Published

Compare Fyers vs Groww vs AxisDirect on Research Reports, Tips

Compare Fyers vs Groww vs AxisDirect on research reports and tips provided by broker.

Research Reports - Compare Fyers vs Groww vs AxisDirect
  Fyers Groww AxisDirect
Research Mutual Funds No No Yes
Research Equity Reports No No Yes
Research ETF No No Yes
Daily Market Report No No Yes
Free Tips No No Yes
Quarterly Result Analysis No No Yes
News Alerts Yes No Yes
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Demat Account

Compare Fyers vs Groww vs AxisDirect on Demat Account

Compare Fyers vs Groww vs AxisDirect on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare Fyers vs Groww vs AxisDirect
  Fyers Groww AxisDirect
DP Source CDSL CDSL CDSL
DP ID 432-2019 No 49200
Demat Account Annual Maintenance Charges(AMC) Free Zero ₹500 pa
Advance Deposit Nil Nil Nil
Statutory charges Nil Legal Charges Nil
Transaction Charges on Debit (Per ISIN) ₹7 + ₹5.50 (CDSL Charges) per transaction ₹8 + ₹5.50 CDSL charges ₹10
Demat ₹0 ₹150 per certificate + courier charges ₹3 per certificate
Remat ₹0 ₹150 per certificate + courier charges ₹10 for every hundred securities (Min ₹10)
Pledge Creation Nil ₹20 + Rs. 12 per request (CDSL Charges) ₹25
Pledge Creation Confirmation Nil ₹20 + Rs. 12 per request (CDSL Charges) ₹25
Pledge Closure Nil ₹20 + Rs. 12 per request (CDSL Charges) ₹25
Pledge Closure Confirmation Nil ₹20 + Rs. 12 per request (CDSL Charges) ₹25
Pledge Invocation Nil ₹20 + Rs. 12 per request (CDSL Charges) Nil
Failed Instruction Charges Nil ₹50 Nil
Other Charges Stamp Charges ₹50, Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Fyers vs Groww vs AxisDirect on Special Offers and Promotion

Compare Fyers vs Groww vs AxisDirect on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare Fyers vs Groww vs AxisDirect on Special Offers and Promotion
  Fyers Groww AxisDirect
Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Fyers Mobile, Fyers One and Fyers Web.
Pay-out/Fund Withdrawal - Bank Transfer only
pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in/adding funds - Cheque, Online Bank Transfer from Axis Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Payout Time Up to 24 Hrs except for Bank Holidays. Max 24 hrs except bank holidays Instant to Axis Bank.
Bank Supported and Charges 24+ banks connected via payment gateway, Free pay in and Free Pay Out. Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform. NA
Bank Detail Fyers Securities,
Account Number:00090340002376
Bank and Branch: HDFC Bank,Kasturba Road, Bangalore
Account Type: Current Account
IFSC Code: HDFC0000009
Info Not Available Direct from your Axis bank account.
Likes
  • Trade on BSE, NSE, and MCX
  • Free stocks and mutual funds investment
  • Rs 20 fixed brokerage on all segments
  • Invest in IPOs, OFS, SGBs, G-secs, and T-bills
  • Cheapest Rs 50/order brokerage on NRI trading
  • User-friendly mobile app and website for investors
  • Fyers Next and Fyers One high-speed trading terminal for traders
  • Fyers Thematic Investing: Invest in expert curated basket of stocks.
  • Start Algo trading Access with Fyers API for free
  • Bracket order, cover order, GTT, AMO, basket order
  • Fyers School of Stocks, a free stock market learning platform.
  • Margin calculator, brokerage calculator, SIP & Lumpsum calculator, etc.

Detail Review...

  • Trade or invest in equity, F&O, mutual funds, IPO, US Stocks
  • Rs 0 account opening fee with no AMC
  • Best UI Interface-enabled app and website
  • Equity and F&O trading at Rs 20 maximum brokerage
  • No cost investment in direct mutual funds.
  • TradingView charts and wide range of technical indicators
  • Advance orders like GTT, Target order, and Basket order
  • Get instant and flexible loans on Groww
  • Get the latest trending news and updates on the Groww Digest

Detail Review...

  • Open paperless 3-in-1 account (Bank + Demat + Trading).
  • One-stop shop to trade on BSE, NSE, and MCX.
  • Zero Demat AMC for 1st year for Axis Bank account holders.
  • Multiple brokerage plans for traders and investors.
  • Trade in options at flat Rs. 10/order.
  • Unlimited Brokerage-free options trading for the first month.
  • Ring revolutionary app and desktop-based platforms provide an investment opportunity.
  • Free trading tools like scanners, options strategies, advanced charting, & indicators.
  • Get free trading calls, investment ideas, and research reports.
  • Hassle-free investment in bonds & debenture on the “Yield” platform.
  • AI-powered investment ideas and wealth management advisory services.
  • Buy Now and Pay Later with E-margin.
  • Free 20 calls per month.

Detail Review...

Dislikes
  • No unlimited zero brokerage monthly plans
  • No 3-in-1 account offering
  • No mutual fund investment app
  • Research reports are not offered free

Detail Review...

  • Does not offer commodity and currency trading
  • No desktop trading terminal
  • Bracket order and cover order are not available
  • No intraday trading tips and stock research reports
  • NRIs cannot open an account in Groww

Detail Review...

  • High account opening fees.
  • It charges a higher brokerage fee than discount brokers like Zerodha, Upstox, etc.
  • It does not have a flat discount brokerage plan.

Detail Review...

Special Offers/Promo Get Axis Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.
Enquire for Fyers Enquire for Groww Enquire for AxisDirect

Last Updated on 2024-01-08T01:50:46+00:00