Groww for options traders
India's largest broker by active clients; a simple app built for first-time investors.
About Groww
Groww was founded in 2016 by four former Flipkart employees: Lalit Keshre, Harsh Jain, Ishan Bansal and Neeraj Singh. It began operations in 2017 as a direct mutual fund platform.
Stocks were added in early 2020, followed the same year by ETFs, intraday trading and IPO applications. Broking is done by Groww Invest Tech Pvt. Ltd., which is also a CDSL depository participant.
The parent company, Billionbrains Garage Ventures Ltd, listed on NSE and BSE in November 2025.
| Options brokerage | ₹20 per order |
|---|---|
| Equity delivery | ₹20 or 0.1%, whichever is lower (min ₹5) |
| Account opening | ₹0 |
| Demat AMC | ₹0 |
| Platforms | Groww app, Groww Terminal |
| Options tools | Option chain with payoff view and baskets |
| Exchanges | NSE, BSE, MCX |
| SEBI registration | INZ000301838 |
For options traders
- Customisable option chain with orders placed directly from the chain, and a Greeks view.
- Basket mode on the option chain for building multi-leg positions such as spreads, straddles and hedges.
- Stop-loss, GTT and target orders for managing exits.
- Required margin is shown at the bottom of the order window before an order is placed.
- Groww Trade API with order placement, GTT/OCO orders and margin calls; live data and option chain APIs sit on a paid plan of ₹499 a month plus GST (or ₹4,999 a year).
Opening an account
- The account is opened from the Groww app with no account opening charge.
- You provide KYC details, occupation and income, your trading experience, and a photo of your signature on white paper.
- The form is e-signed through NSDL using your Aadhaar number and an OTP sent to the Aadhaar-linked mobile.
- Groww states verification is completed within 24 hours, after which the Client Master Report with your demat account number is emailed to you.
Good for
- No account or AMC charges
- Very simple app
- Payoff view on the option chain
Watch out for
- Delivery trades are not free
- Fewer advanced tools for option sellers
Frequently asked questions
Is Groww registered with SEBI?
Yes. Groww Invest Tech Pvt. Ltd. is a SEBI-registered stock broker, registration number INZ000301838, and a CDSL depository participant (IN-DP-417-2019).
What does an options order cost at Groww?
Brokerage is ₹20 per executed F&O options order, plus exchange, regulatory and tax charges.
Is there an annual maintenance charge?
No. Groww lists both account opening and demat AMC at ₹0.
Can I trade multi-leg strategies on Groww?
Yes. Switching the option chain to basket mode lets you add several strikes and place them together.
Is the Groww API free?
Order placement is available on the free tier. Live market data, option chain and historical data APIs require the paid plan (₹499 a month plus GST, or ₹4,999 a year).
Compare Groww
Sources (checked Mon, 2 Nov, 2026)