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ICICIDirect Vs Fyers Vs Groww: Which one is better?

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

Here we present side-by-side comparison of ICICIDirect vs Fyers vs Groww stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared ICICIDirect vs Fyers vs Groww 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 ICICIDirect vs Fyers vs Groww in this setion with 360 degree view of broker information.

Compare ICICIDirect vs Fyers vs Groww on Service

  ICICIDirect Compare
ICICIDirect
Fyers Compare
Fyers
Groww Compare
Groww
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Full Service Broker Discount Broker Discount Broker
Exchanges Supported NSE, BSE, MCX BSE, NSE, MCX NSE, BSE
Broker Overview ICICIDirect is one of the top-rated full-service stock brokers serving an active clientele base of above 30 lakh. Its multiple trading & investing products, Rs. 20 NEO flat discount brokerage plan, reliable research and advisory, and advanced tec... Know more about ICICIDirect 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
Broker Enquiry Request call back from Zerodha Request call back from Fyers Request call back from Zerodha
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Account Opening Charges and AMC

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

In this section we have compared ICICIDirect vs Fyers vs Groww on trading & demat account opening charges and AMC. Trading account opening charges - All 3 brokers offers Free Trading account opening. Demat AMC charges - ICICIDirect charges Rs 300 per annum as AMC for Demat account, Fyers charges Free AMC for Demat account, where Groww charges Free AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect vs Fyers vs Groww
Charges ICICIDirect Fyers Groww
Trading Account Opening Fees Free Free Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 300 per annum Free Free
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare ICICIDirect vs Fyers vs Groww on Plan Options

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

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

Account Opening

  Zerodha Fyers Zerodha
Account Opening Request
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Brokerage Charges

Compare ICICIDirect vs Fyers vs Growwon Brokerage Charges

ICICIDirect Brokerage Plan detail - ICICI Direct NEO is a flat brokerage plan that charges a flat fee of Rs. 20 per order on equity intraday, equity options, currency, and commodity derivative trading segment while offers free equity futures trading.

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.

Brokerage Charges - Compare ICICIDirect vs Fyers vs Groww
Brokerage Charges Compare ICICIDirect Fyers Groww
Plan Name NEO Flat Discount Brokerage Plan Max Rs 20 Per Order Trading Plan Flat Brokerage Plan
Equity Delivery 0.55% Free 0.05% or Rs 20 whichever is lower
Equity Intraday Flat Rs. 20 per order 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Futures Free (Rs. 0 brokerage) 0.03% or Rs 20 whichever is lower Flat Fee Rs 20
Equity Options Flat Rs. 20 per order Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures Flat Rs. 20 per order 0.03% or Rs 20 whichever is lower Not Available
Currency Options Flat Rs. 20 per order Flat Fee Rs 20 Not Available
Commodity Trading Flat Rs. 20 per order Flat Fee Rs 20 Not Available
Minimum Brokerage Rs 35 per trade
Hidden Charges Yes No
Funding Yes - 18% interest PA No NA
Call & Trade Charges First 20 call free and Rs 25 there onwards. Rs 50 Per Order Rs 50 Per Executable Order
Auto Square off Charges First 20 call free and Rs 25 there onwards. Rs 50 Per Order Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for ICICIDirect Brokerage Calculator for Fyers Brokerage Calculator for Groww
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Share Broker's Transaction Charges

Compare ICICIDirect vs Fyers vs Groww on Transaction Charges

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

Transaction Charges - Compare ICICIDirect vs Fyers vs Groww
Transaction Charges Compare ICICIDirect Fyers Groww
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 NA
Brokerage Charges Complete Brokerage Plans for icicidirect Complete Brokerage Plans for fyers Complete Brokerage Plans for groww
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Account Features

Compare ICICIDirect vs Fyers vs Groww on Account Features

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

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

Compare ICICIDirect vs Fyers vs Growwon Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect vs Fyers vs Groww. 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 ICICIDirect vs Fyers vs Groww
Trading Platform Compare ICICIDirect Fyers Groww
Desktop Trading Platform Trade Racer Fyers One Groww App
Desktop Demo Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes No
Desktop Platform (Mac) Yes No No
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://www.icicidirect.com

Fyers Web

Yes

Web Trading Demo Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes No Yes
Mobile Trading Yes Yes Yes
Mobile Trading App ICICI direct Mobile Fyers 2.0 Mobile App Groww App
Mobile Trading App Demo ICICI direct Mobile Demo Fyers 2.0 Mobile App Demo Info Not Available
Android Mobile App Yes Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod Fyers 2.0 Mobile App Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS ICICI direct Mobile Download iOS Fyers 2.0 Mobile App Download iOS Groww App Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Free Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for ICICIDirect Equity Intraday and Delivery Brokerage Calculator for Fyers Equity Intraday and Delivery Brokerage Calculator for Groww
Futures Brokerage Calculator Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for Fyers Futures Brokerage Calculator for Groww
Options Brokerage Calculator Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for Fyers Options Brokerage Calculator for Groww
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for fyers Detail on Trading Platforms for groww

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Broker Ratings by Users

Compare ICICIDirect vs Fyers vs Groww on User Rating

  ICICIDirect Fyers Groww
  267 Customer Reviews    Rate ICICIDirect 10 Customer Reviews    Rate Fyers 8 Customer Reviews    Rate Groww
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews Fyers is Rated 3.2 / 5 based on 10 customer reviews Groww is Rated 4.3 / 5 based on 8 customer reviews
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Investment Offerings

Compare ICICIDirect vs Fyers vs Groww on Investment Offerings

Compare ICICIDirect vs Fyers vs Groww 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 offers Commodity Trading where ICICIDirect and Groww doesn't offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - ICICIDirect offers PMS facility where Fyers and Groww doesn't offers PMS facility.

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

Compare ICICIDirect vs Fyers vs Groww on Order Types

Order Type - Compare ICICIDirect vs Fyers vs Groww 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) - ICICIDirect and Fyers provides Cover Orders (CO) facility where Groww doesn't provides Cover Orders. Bracket Orders (BO) - Fyers provides Bracket Orders (BO) facility where ICICIDirect and Groww doesn't provides Bracket Orders. After Market Orders (AMO) - ICICIDirect and Fyers AMO facility where Groww doesn't provides AMO. GTC Orders - ICICIDirect and Fyers offers Good Till Cancelled (GTC) orders facility where Groww doesn't provides GTC.

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

Compare ICICIDirect vs Fyers vs Groww on Customer Service

Compare ICICIDirect vs Fyers vs Groww 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 ICICIDirect vs Fyers vs Groww
Customer Service Compare ICICIDirect Fyers Groww
24/7 Customer Service No No No
Email Support Yes Yes Yes
Onine Live Chat No No Yes
Phone Support Yes Yes Yes
Toll Free Number No No No
Through Branches Yes No No
Customer Care Number 1860 123 1122 08060001111 9108800604
Account Opening Process Online 100% online and paperless proc Online
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://www.icicidirect.com/knowledge-center https://fyers.in/school-of-stocks/ https://groww.in/academy
Head Office Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai - 400020
Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore - 560009
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website https://www.icicidirect.com https://fyers.in/ https://groww.in/
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Tips/Research/Reports Published

Compare ICICIDirect vs Fyers vs Groww on Research Reports, Tips

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

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

Compare ICICIDirect vs Fyers vs Groww on Demat Account

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

Demat Charges - Compare ICICIDirect vs Fyers vs Groww
  ICICIDirect Fyers Groww
DP Source CDSL CDSL CDSL
DP ID 14300 432-2019 No
Demat Account Annual Maintenance Charges(AMC) ₹700 pa Free Zero
Advance Deposit Rs. 7500/- , If the client is not having ICICI BANK Account Nil Nil
Statutory charges Nil Nil Legal Charges
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) ₹7 + ₹5.50 (CDSL Charges) per transaction ₹8 + ₹5.50 CDSL charges
Demat ₹50 per set up ₹0 ₹150 per certificate + courier charges
Remat ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹0 ₹150 per certificate + courier charges
Pledge Creation 0.02% (Min ₹35 and Max ₹25,000) Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure 0.02% (Min ₹35 and Max ₹25,000) Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation 0.02% (Min ₹35 and Max ₹25,000) Nil ₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges ₹30 per transaction Nil ₹50
Other Charges Nil Stamp Charges ₹50, Nil
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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs Fyers vs Groww on Special Offers and Promotion

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

Compare ICICIDirect vs Fyers vs Groww on Special Offers and Promotion
  ICICIDirect Fyers Groww
Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from ICICI Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
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
Payout Time Instant to ICICI Bank. Up to 24 Hrs except for Bank Holidays. Max 24 hrs except bank holidays
Bank Supported and Charges Info Not Available 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.
Bank Detail Direct from your ICICI bank account. Fyers Securities,
Account Number:00090340002376
Bank and Branch: HDFC Bank,Kasturba Road, Bangalore
Account Type: Current Account
IFSC Code: HDFC0000009
NA
Likes
  • 100% digital and paperless 3-in-1 account opening facility.
  • Trade on the BSE, NSE, MCX, and invest in other products.
  • Multiple brokerage plans for residents and NRI trading.
  • All kinds of trading platforms across web, app, and desktop versions.
  • Invest in mutual funds for free with ICICIdirect Money App.
  • Expert research calls and recommendations.
  • Sell stocks and get cash instantly with the e-ATM facility.
  • Advanced orders like bracket order, cover order, after market order, and basket order.
  • Place Valid Till Cancelled (VTC) order, valid for 45 days.
  • Informative articles, blogs, videos, learn hub, and Investonomics learning platform for beginners.
  • Margin funding
  • Loans on securities.
  • Dedicated customer services.

Detail Review...

  • 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...

Dislikes
  • High brokerage charges.
  • The broker levies a minimum brokerage fee, which varies across brokerage plans.
  • NEO flat discount brokerage plan (Rs. 20) charges a one-time subscription fee of Rs. 299.
  • Mutual fund investment with ICICIDirect is not free, as it charges a lower of Rs. 30 or 1.5% on SIP transaction and Rs. 100 fees on lumpsum investment.

Detail Review...

  • 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...

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

Last Updated on 2023-09-14T04:34:26+00:00