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Invest · Broker comparison
Interactive Brokers vs Groww
IBKR vs Groww for Indian investors — comparing US/global market access, domestic stock trading, mutual funds, and which platform fits which need.
IBKR is the right choice for US/global stock investing (lowest FX cost at 0.08%). Groww is the right choice for Indian mutual funds and domestic stocks. They serve different purposes — for US stocks, IBKR is the clear winner.
Interactive Brokers
2
metrics won
$10
FX cost per $10k
✓ Winnervs
0 ties
Groww
3
metrics won
N/A (no US stocks)
FX cost per $10k
Interactive Brokers vs Groww: Full comparison
| Metric | Interactive Brokers | Groww | Better |
|---|---|---|---|
FX cost per $10,000 | $10 | N/A (no US stocks) | Interactive Brokers |
Indian mutual funds | No | Yes (excellent) | Groww |
US stocks | Direct — 9,000+ stocks | Not offered (discontinued 2023) | Interactive Brokers |
Indian stocks (NSE/BSE) | No | Yes | Groww |
App simplicity | Complex | Very simple | Groww |
Our verdict
Groww is an excellent platform for Indian mutual funds and domestic stocks — intuitive, well-designed, and trusted by millions of Indian investors. However, Groww discontinued its US stock investing feature in 2023 and no longer supports US equity purchases. For US stock access from India, use IBKR directly via LRS (lowest cost at 0.08% FX), INDmoney, or Vested Finance. Most Indian investors benefit from using both Groww (for domestic/MF) and IBKR or INDmoney (for US exposure).
When to choose each
Choose Interactive Brokers if…
- Indian investors wanting US/global stock access via LRS
- Investors making regular investments in US markets
Choose Groww if…
- Indian investors primarily in mutual funds and domestic stocks
- New investors who want the simplest mobile-first Indian investing experience
Frequently asked questions
Does Groww support US stock investing?
No. Groww discontinued its US stock investing feature in 2023. It is now a domestic Indian broker covering NSE/BSE stocks, mutual funds, ETFs, and fixed deposits only. For US stocks from India, use INDmoney, Vested Finance, or Interactive Brokers via LRS.
Compare all brokers by FX cost
Full rankings by FX cost per $10,000 invested