Hantec Markets EUR/USD$1.00/lotSBI FX Trade EUR/USD$3.00/lotTrive EUR/USD$3.00/lotGMO Click Securities (GMO Click FX Neo) EUR/USD$3.00/lotDMM.com Securities (DMM FX) EUR/USD$3.00/lotRakuten Securities (Rakuten FX) EUR/USD$3.00/lotFXOpen EUR/USD$3.00/lotAxi EUR/USD$3.50/lotGO Markets EUR/USD$5.00/lotWindsor Brokers EUR/USD$5.00/lotFP Markets EUR/USD$6.00/lotZero Markets EUR/USD$6.00/lotSpreadex EUR/USD$6.00/lotVantage EUR/USD$6.00/lotHantec Markets EUR/USD$1.00/lotSBI FX Trade EUR/USD$3.00/lotTrive EUR/USD$3.00/lotGMO Click Securities (GMO Click FX Neo) EUR/USD$3.00/lotDMM.com Securities (DMM FX) EUR/USD$3.00/lotRakuten Securities (Rakuten FX) EUR/USD$3.00/lotFXOpen EUR/USD$3.00/lotAxi EUR/USD$3.50/lotGO Markets EUR/USD$5.00/lotWindsor Brokers EUR/USD$5.00/lotFP Markets EUR/USD$6.00/lotZero Markets EUR/USD$6.00/lotSpreadex EUR/USD$6.00/lotVantage EUR/USD$6.00/lot
Home / Rankings / Groww
TIER 1 · SEBI · NSE · BSE · MCX#8 of 10 local brokers (IN)

Groww review: the verdict.

Verdict score
6.3 / 10

Launch formula: 60% hard data, 40% outside ratings. Verified reviews from our traders replace outside ratings as they come in.

Regulation10.0
Best licence: Tier 1
Trading cost5.0
No published spread
Accessibility10.0
Min deposit $0
Platforms & payments2.5
1 platforms · 3 payment methods
Outside ratings4.2
Trustpilot 1.6 from 55
Groww doesn't publish a EUR/USD spread we could verify, so we can't calculate its yearly cost yet.
Regulation

Who licenses Groww.

Licences as Groww lists them. A tick means we found the entity on the regulator's own register.

RegulatorTierEntityLicence no.On register
SEBITIER 1Groww Invest Tech Private LimitedINZ000301838Not yet checked
NSETIER 1Groww Invest Tech Private Limited90187Not yet checked
BSETIER 1Groww Invest Tech Private Limited6699Not yet checked
MCXTIER 1Groww Invest Tech Private Limited57420Not yet checked
Accounts

Published brokerage.

AccountSpreadCommissionCost / lot
Commodity (MCX)
₹20 per executed order (equity/commodity F&O)
———
Equity F&O
₹20 per executed order
———

Cost per standard lot = spread in pips × $10 + round-turn commission. Brokers publish “typical”, “average” or “from” spreads; “from” figures flatter the broker.

Key facts

The fine print.

Website
groww.in
Segments
Commodity (MCX), Equity F&O
Founded
Not published
Headquarters
India
Minimum deposit
$0
Max leverage
Not published
EU/UK leverage cap
—
Platforms
own app
Deposits & withdrawals
UPI, Net banking, IMPS/NEFT/RTGS
Islamic (swap-free) account
Not published
Copy trading
Not published
Withdrawal fees
ACCOUNT OPENING FEE: ₹0 (trading & demat).
Inactivity fee
AMC: ₹0.
Restricted countries
Not published
RBI Alert List (India)
Not applicable (SEBI-registered Indian broker)
Verified reviews

Traded with Groww? Prove it.

Verified reviews open soon. Reviews backed by a statement, a read-only MT4/MT5 login or a withdrawal receipt count up to 3× more, and every verified review enters the weekly 100 USDT draw.

Outside rating used for now: Trustpilot 1.6 from 55 reviews.

Compare Groww
Visit Groww
Sources · data as of 2026-10-24

Research notes: max_leverage null: exchange-traded derivatives; SEBI/exchange SPAN+exposure margins apply, no broker-set leverage. Not CFDs; currency F&O limited to INR pairs + exchange cross pairs. Currency F&O NOT listed on Groww pricing pages; treated as not offered (unconfirmed absence). Formerly Nextbillion Technology Pvt Ltd. DP IN-DP-417-2019. Trustpilot sample small.

Spotted something wrong? Brokers and traders can request a correction through our submissions form; we check every change against the source.