Zerodha vs Dhan 2024: Which is Best Broker?

zerodha_vs_dhan
zerodha_vs_dhan

In this blog post, 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

FeatureZerodhaDhan
Type of brokerDiscount brokerDiscount broker
Exchange membershipNSE, BSE, MCX, NCDEXBSE, NSE, MCX
Year of incorporation20102021
Number of branches75+1
FounderNithin Kamath and Nikhil KamathPravin Jadhav
CEONithin KamathPravin Jadhav
Head OfficeBengaluru, India, at 153/154, 4th Cross, J.P Nagar 4th Phase, Opp. Clarence Public School, Bengaluru – 560078.Mumbai, India
Websitezerodha.comdhan.com

Zerodha vs Dhan: Key Features

FeatureZerodhaDhan
Account Type2-in-1 account2-in-1 account
ChartingYesYes
Automated TradingYesYes
SMS AlertsNoNo
Online DemoYesYes
Online PortfolioNoNo
Margin TradingNoYes
FundingNoYes
Margin Against Shares (Equity Cash)YesYes
Margin Against Shares (Equity F&O)YesYes
Trading PlatformZerodha Kite Web, Kite Mobile for Android/iOS, and Zerodha CoinDhan App, Dhan web, Options Trader Web, Options Trader App, TradingView Console, DhanHQ API
Intraday Square-off TimeEq Cash: 3:15 PM, Eq F&O: 3:25 PM, Currency: 4:45 PM, Commodities: 25 minutes before close3:20 PM
Trading In SME Shares Allowed?YesYes
Referral ProgramYesYes
Other FeaturesDirect mutual funds, APIs for algo tradingAPIs for algo trading, smallcases on Dhan

Zerodha vs Dhan: Brokerage Charges

Also Read: Zerodha Account Opening Charges

Account Opening and Maintenance Charges

FeatureZerodhaDhan
Trading Account Opening ChargesRs 200Rs 0 (Free)
Trading Account AMC ChargesRs 0 (Free)Rs 0 (Free)
Demat Account Opening ChargesRs 0Rs 0 (Free)
Demat Account AMC ChargesRs 300Rs 0 (Lifetime Zero AMC)

Brokerage Charges

Trade TypeZerodhaDhan
Equity DeliveryRs 0 (Free)Rs 0 (Free)
Equity IntradayRs 20 per executed order or 0.03%, whichever is lowerRs 20 per executed order or 0.03%, whichever is lower
Equity FuturesRs 20 per executed order or 0.03%, whichever is lowerRs 20 per executed order or 0.03%, whichever is lower
Equity OptionsRs 20 per executed orderRs 20 per executed order
Currency FuturesRs 20 per executed order or 0.03%, whichever is lowerRs 20 per executed order or 0.03%, whichever is lower
Currency OptionsRs 20 per executed orderRs 20 per executed order
Commodity FuturesRs 20 per executed order or 0.03%, whichever is lowerRs 20 per executed order or 0.03%, whichever is lower
Commodity OptionsRs 20 per executed orderRs 20 per executed order

Other Charges

ChargeZerodhaDhan
Minimum Brokerage0.03% in intraday and F&ORs 20
Physical contact notesRs 20Not applicable
Trade SMS alertsRs 1 per SMSNot applicable
Call & Trade chargesRs 50 per executed orderRs 50 per order

Also Read: DP Charges in Zerodha

Zerodha vs Dhan: Investment options

Investment OptionZerodhaDhan
Stock / EquityYesYes
CommodityYesYes
CurrencyYesYes
IPOYesYes
Mutual FundsYesNo
Bond / NCDNoYes
DebtNoNo
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 CareZerodha Customer Care
Account Opening022-43116666080 4719 2020, 080 7117 5337
Trading Issues022-48906273080 4718 1888, 080 4718 1999
Email[email protected][email protected]
Ticket RaiseZerodha 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:

  1. Kite: A web-based platform for investing in stocks and IPOs.
  2. Kite Mobile: A mobile app for trading on Android and iOS devices.
  3. Coin (or Coin app): Allows investment in mutual funds or bonds.
  4. Console: A back-office platform.
  5. Sentinel: A tool for live market price alerts.

Dhan also offers various trading platforms:

  1. Dhan App: A mobile app for trading in stocks, commodities, ETFs, currencies, F&O, and IPOs.
  2. Dhan Web: A web-based trading platform for stock investments.
  3. Dhan Options Trader Web: A desktop-based platform for options trading.
  4. 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. However, I haven’t personally used Dhan, and I’m not comfortable putting my money with them.

FAQs

Q. Is Dhan Broker Reliable?

Yes, Dhan Broker is registered with SEBI, NSE and BSE.

Q. Is Zerodha better than Dhan?

Yes, Zerodha is better than dhan. Zerodha offers variety of features than dhan. But remeber that zerodha and dhan both are discount brokers.

Q. Who is the No 1 broker in India?

Zerodha is the No. 1 broker in India by a number of metrics, including active clients and exchange volume. It is a popular choice for both novice and experienced traders due to its low fees, easy-to-use platform, and strong customer support.

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