Zerodha vs Dhan, exploring their key features, Brokerage Charges, and Investment options to help you determine which broker aligns best with your trading journey.
“When it comes to online stock trading, there are numerous brokers to choose from, making it a daunting task to select the best one. To help you navigate this decision, we’ll compare two popular options: Zerodha and Dhan.“
Whether you’re a seasoned investor or embarking on your trading journey, this comprehensive guide will equip you with the knowledge to make an informed decision.
Zerodha vs Dhan: About
About Zerodha Trading App
Zerodha is India’s leading stockbroker, offering a comprehensive range of online investment options, including equity, currency, commodity, IPO, futures & options, bonds, government securities, and direct mutual funds………continue reading
About Dhan Trading App
Dhan, founded in 2021, is a Mumbai-based financial services company that primarily operates in India. Recognizing the growing interest in investment opportunities, Dhan is committed to providing effective solutions for individuals seeking to grow their wealth over time…..read more
Zerodha vs Dhan: Company Overview
| Feature | Zerodha | Dhan |
|---|---|---|
| Type of broker | Discount broker | Discount broker |
| Exchange membership | NSE, BSE, MCX, NCDEX | BSE, NSE, MCX |
| Year of incorporation | 2010 | 2021 |
| Number of branches | 75+ | 1 |
| Founder | Nithin Kamath and Nikhil Kamath | Pravin Jadhav |
| CEO | Nithin Kamath | Pravin Jadhav |
| Head Office | Bengaluru, India, at 153/154, 4th Cross, J.P Nagar 4th Phase, Opp. Clarence Public School, Bengaluru – 560078. | Mumbai, India |
| Website | zerodha.com | dhan.com |
Zerodha vs Dhan: Key Features
| Feature | Zerodha | Dhan |
|---|---|---|
| Account Type | 2-in-1 account | 2-in-1 account |
| Charting | Yes | Yes |
| Automated Trading | Yes | Yes |
| SMS Alerts | No | No |
| Online Demo | Yes | Yes |
| Online Portfolio | No | No |
| Margin Trading | No | Yes |
| Funding | No | Yes |
| Margin Against Shares (Equity Cash) | Yes | Yes |
| Margin Against Shares (Equity F&O) | Yes | Yes |
| Trading Platform | Zerodha Kite Web, Kite Mobile for Android/iOS, and Zerodha Coin | Dhan App, Dhan web, Options Trader Web, Options Trader App, TradingView Console, DhanHQ API |
| Intraday Square-off Time | Eq Cash: 3:15 PM, Eq F&O: 3:25 PM, Currency: 4:45 PM, Commodities: 25 minutes before close | 3:20 PM |
| Trading In SME Shares Allowed? | Yes | Yes |
| Referral Program | Yes | Yes |
| Other Features | Direct mutual funds, APIs for algo trading | APIs for algo trading, smallcases on Dhan |
Zerodha vs Dhan: Brokerage Charges
Also Read: Zerodha Account Opening Charges
Account Opening and Maintenance Charges
| Feature | Zerodha | Dhan |
|---|---|---|
| Trading Account Opening Charges | Rs 200 | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account Opening Charges | Rs 0 | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 300 | Rs 0 (Lifetime Zero AMC) |
Brokerage Charges
| Trade Type | Zerodha | Dhan |
|---|---|---|
| Equity Delivery | Rs 0 (Free) | Rs 0 (Free) |
| Equity Intraday | Rs 20 per executed order or 0.03%, whichever is lower | Rs 20 per executed order or 0.03%, whichever is lower |
| Equity Futures | Rs 20 per executed order or 0.03%, whichever is lower | Rs 20 per executed order or 0.03%, whichever is lower |
| Equity Options | Rs 20 per executed order | Rs 20 per executed order |
| Currency Futures | Rs 20 per executed order or 0.03%, whichever is lower | Rs 20 per executed order or 0.03%, whichever is lower |
| Currency Options | Rs 20 per executed order | Rs 20 per executed order |
| Commodity Futures | Rs 20 per executed order or 0.03%, whichever is lower | Rs 20 per executed order or 0.03%, whichever is lower |
| Commodity Options | Rs 20 per executed order | Rs 20 per executed order |
Other Charges
| Charge | Zerodha | Dhan |
|---|---|---|
| Minimum Brokerage | 0.03% in intraday and F&O | Rs 20 |
| Physical contact notes | Rs 20 | Not applicable |
| Trade SMS alerts | Rs 1 per SMS | Not applicable |
| Call & Trade charges | Rs 50 per executed order | Rs 50 per order |
Also Read: DP Charges in Zerodha
Zerodha vs Dhan: Investment options
| Investment Option | Zerodha | Dhan |
|---|---|---|
| Stock / Equity | Yes | Yes |
| Commodity | Yes | Yes |
| Currency | Yes | Yes |
| IPO | Yes | Yes |
| Mutual Funds | Yes | No |
| Bond / NCD | No | Yes |
| Debt | No | No |
| Other Investment Options | – | – |
Zerodha vs Dhan: Customer Support
Zerodha has a better customer support system compared to other discount brokers in India, including Dhan.
Zerodha aims to resolve customer issues within 48 hours through their ticket system. They make sure to address every complaint in that time frame.
| Dhan Customer Care | Zerodha Customer Care | |
|---|---|---|
| Account Opening | 022-43116666 | 080 4719 2020, 080 7117 5337 |
| Trading Issues | 022-48906273 | 080 4718 1888, 080 4718 1999 |
| [email protected] | [email protected] | |
| Ticket Raise | – | Zerodha ticket to raise |
Zerodha vs Dhan: Trading Plateforms
Zerodha’s Kite for web and mobile app trading, provides a straightforward and user-friendly trading experience without unnecessary clutter.
Zerodha offers different trading platforms, including:
- Kite: A web-based platform for investing in stocks and IPOs.
- Kite Mobile: A mobile app for trading on Android and iOS devices.
- Coin (or Coin app): Allows investment in mutual funds or bonds.
- Console: A back-office platform.
- Sentinel: A tool for live market price alerts.
Dhan also offers various trading platforms:
- Dhan App: A mobile app for trading in stocks, commodities, ETFs, currencies, F&O, and IPOs.
- Dhan Web: A web-based trading platform for stock investments.
- Dhan Options Trader Web: A desktop-based platform for options trading.
- Dhan Options Trader App: A mobile app for options trading.
Zerodha vs Dhan: Regulatory
Both Zerodha and Dhan are regulated by the Securities and Exchange Board of India (SEBI). This means that they are required to comply with all applicable laws and regulations governing the securities market in India.
Zerodha
Zerodha is a member of the National Stock Exchange (NSE), the Bombay Stock Exchange (BSE), and the MCX. This means that it is authorized to trade on these exchanges.
Zerodha is also a member of the Investor Protection Fund (IPF). This fund is designed to protect investors in the event of a default by a broker.
Dhan
Dhan is a member of the NSE and the BSE. This means that it is authorized to trade on these exchanges.
Dhan is also a member of the IPF.
Zerodha vs Dhan: Pros and Cons
✅ Zerodha Pros
- India’s No.1 broker in terms of the number of active clients and exchange volume
- Safe, reliable, and technologically advanced broker
- Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX)
- Free equity delivery trades
- Flat Rs. 20 per trade brokerage for all other segments
- Excellent trading platforms (Kite) available for free
- Direct mutual fund investment is available
- Good Till Triggered (GTT) orders are available
- NRI trading account is available
✅ Dhan Pros
- Safe, reliable, and technologically advanced broker
- Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX)
- Free account opening
- AMC free demat account
- Free equity delivery trades
- Flat Rs. 20 per trade brokerage for all other segments
- Offers smallcases, ready-made portfolios
❌ Zerodha Cons
- Does not provide stock tips, research, and recommendations
- Call & Trade is charged an extra Rs. 50 per order
- Auto Square off is charged an extra Rs. 50 per order
- Does not offer a 3-in-1 account
- Does not offer monthly unlimited trading plans
- Does not offer an AMC Free Demat account
- No margin funding
❌ Dhan Cons
- Does not offer a 3-in-1 account
- Does not offer monthly unlimited trading plans
- Does not offer an AMC Free Demat account
- No margin funding
Zerodha vs Dhan: Which is the Best Broker?
I think it’s a good idea to consider opening an account with Zerodha for a better trading experience. Zerodha is reliable, and their customer support is trustworthy.
Even though there’s an account opening fee, the Kite trading platform they offer is user-friendly, and they have flat brokerage charges.
Dhan offers a 50% discount on brokerage charges for women and doesn’t charge an account opening fee for both men and women.
Also Read:
- Zerodha vs Dhan
- Zerodha vs Groww
- Zerodha vs HDFC Securities
- Zerodha vs Paytm Money
- Zerodha vs Angel One
- Zerodha vs Upsto
Leave a Reply