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Groww Review
Groww is a large Indian investing app, not a forex broker. It listed on the NSE and BSE in November 2025 after paying SEBI over 80 lakh rupees in fines.
Min Deposit
$0
Spreads From
Not applicable in the usual forex sense, a flat ₹20 or 0.05 percent per order
Max Leverage
Varies by segment under SEBI margin rules, not a fixed forex style ratio
Platforms
Groww app, Groww web platform
Pros
- Flat 20 rupee or 0.05 percent brokerage across delivery, intraday, and derivatives
- Zero annual maintenance charge for life on its demat account
- Free mutual fund investing with no transaction or redemption charges
- Publicly listed on the NSE and BSE since November 2025 with public filings
Cons
- Not a forex broker, it focuses on Indian equities, derivatives, and mutual funds
- Paid SEBI more than 80 lakh rupees across two settlements in 2025
- A January 2025 technical outage left users unable to trade for hours
- SEBI found weak surveillance and incorrect account details sent to clients
Groww is an Indian investing app, not a forex broker. Four former Flipkart employees, Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, started it in 2016 and launched the product in 2017. Its listed parent, Billionbrains Garage Ventures Limited, completed an IPO in November 2025, raising about 6,632 crore rupees at 100 rupees a share.
Groww Invest Tech Private Limited, the broking arm, holds SEBI registration INZ000301838 and is a member of the NSE, BSE, and MCX. Trading costs a flat 20 rupees per order or 0.05 percent, whichever is lower, across delivery, intraday, and derivatives. The demat account carries zero annual maintenance charge for life, and mutual fund investing is free.
In 2025 Groww paid SEBI over 80 lakh rupees across two settlements, one over a January outage that stopped users from trading, another over lapses including wrong account details and weak client surveillance. Its shares have nearly doubled since listing, trading close to 195 rupees in July 2026.
Min. Deposit
USD 0
Max Leverage
Varies by segment under SEBI margin rules, not a fixed forex style ratio
Spreads From
Not applicable in the usual forex sense, a flat ₹20 or 0.05 percent per order
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
