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Invest · Broker comparison
Interactive Brokers vs Groww
IBKR vs Groww US stocks — FX cost, platform experience, LRS process, and which Indian investors should use for buying US stocks.
IBKR charges $10 FX cost per $10,000 vs Groww's ~$60 estimated all-in cost. IBKR offers institutional FX rates and direct exchange access that Groww's US stock product cannot match.
Interactive Brokers
2
metrics won
$10
FX cost per $10k
✓ Winnervs
0 ties
Groww
3
metrics won
~$60
FX cost per $10k
Interactive Brokers vs Groww: Full comparison
| Metric | Interactive Brokers | Groww | Better |
|---|---|---|---|
FX cost per $10,000 | $10 | ~$60 | Interactive Brokers |
Indian mutual funds | No | Yes (excellent) | Groww |
US stocks | Direct | Via intermediary | Interactive Brokers |
App simplicity | Complex | Very simple | Groww |
LRS documentation | Self-managed | Assisted | Groww |
Our verdict
Groww is an excellent platform for Indian mutual funds and domestic stocks — intuitive, well-designed, and trusted by millions. But Groww's US stock offering charges a spread that adds 0.5–0.6% above what IBKR costs. For regular US stock investors, IBKR's direct access and lower FX cost is worth the more complex setup. Groww is better for investors who primarily use Indian funds and want occasional US stock exposure without a separate account.
When to choose each
Choose Interactive Brokers if…
- Indian investors making $500+/month in US stock investments
- Investors wanting direct NYSE/NASDAQ access
Choose Groww if…
- Indian investors primarily in mutual funds who want occasional US stock exposure
- Investors who want everything in one app without managing multiple accounts
Frequently asked questions
Does Groww support US stock investing?
Yes, Groww offers US stock investing via a partnership with a US-registered broker. The process includes LRS remittance from your Indian bank. Groww charges a fee on the FX conversion that's higher than IBKR's direct rate.
Compare all brokers by FX cost
Full rankings by FX cost per $10,000 invested