Invest · Broker review

Groww

India's fastest-growing retail investment app — domestic focus, US stocks via LRS at standard bank FX rates.

Reviewed by Aayush Jain·Updated May 2026

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Overall score

7.0/10

FX rank#14 of 20

FX cost / $10k$60

Conversion spread0.6%

Trading commissionFree

Annual feeNone

Min investmentNone

$50 more per $10,000 than Interactive Brokers (FX cost only)

Not financial advice.This is a comparison of FX costs only. We don't recommend specific investments. Always consult a qualified financial adviser before investing.

Verdict

Groww is exceptional for Indian domestic investing — the simplest, most consumer-friendly interface for buying Indian stocks and mutual funds. For US stocks, the FX path runs through bank LRS at ~0.5-0.6% margin, similar to Zerodha. The same recommendation applies: for regular US stock investing, IBKR's 0.08% FX cost is materially cheaper. Use Groww for Indian markets; use IBKR alongside it for US exposure.

FX cost breakdown

Conversion spread

0.6%

Above mid-market rate

Fixed FX fee

None

Per currency conversion

Total FX cost / $10k

$60

Realistic all-in estimate

FX cost comparison on $10,000 investment

Interactive Brokers$10

Trading 212$15

Tiger Brokers$20

moomoo$25

Pros & cons

Pros

Best consumer UX of any Indian broker — extremely simple
Direct mutual fund investing (no distributor commission)
Instant account opening — fully digital, KYC in minutes
US stocks natively available in the app
Zero account maintenance fees

Cons

LRS bank transfer for US stocks costs 0.5-0.6% FX margin
Advanced charting and research limited vs Zerodha Kite
US investing is a feature, not a core strength
TCS (20%) applies on LRS above ₹7 lakh — recoverable but cash flow impact

Who can use it

India

Markets available

India (NSE, BSE)Mutual fundsUSA (via US Stocks feature)

Supported corridors

INR→USD

Regulated by

India

SEBI

Frequently asked questions

How does Groww handle US stock investing for Indian residents?

Groww's US Stocks feature lets you fund a USD account via LRS. The INR→USD conversion happens through a partner bank at standard LRS rates (~0.5-0.6% above mid-market). You can then buy US-listed stocks directly in the Groww app.

Does Groww charge commission on US stock trades?

Groww charges no commission on US stock trades. The FX conversion cost on the LRS transfer is the primary fee. Fractional shares are available from $1.

What's the difference between Groww and Zerodha for US stocks?

Both use a bank LRS route with similar FX costs (~0.5-0.6%). Groww has a simpler interface. Zerodha integrates with Vested for more advanced US portfolio tools. The key takeaway: for regular US investing at any meaningful size, IBKR's 0.08% FX spread saves $40-100 per $10,000 vs either platform.

Is Groww safe for Indian investors?

Yes. Groww is SEBI-registered and one of India's largest retail brokers. Client securities are held in demat accounts at CDSL/NSDL. The company is well-capitalised and has processed millions of investor accounts.