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Dhan vs Shoonya vs HDFC sky

In this article, we will review ‘Dhan vs Shoonya vs HDFC sky‘ on the basis of Brokerage charges, Account maintenance charges, Investment options, Customer service, User reviews, Research and analysis, broker’s track record & reputation.


Company Overview

Dhan app review & chargesShoonya Finvasia Brokerage charges ReviewHDFC Sky review India: Brokerage charges
Company name Dhan Shoonya by Finvasia HDFC Sky
Headquarters Mumbai Mumbai Mumbai
Founder Mr Pravin Jadhav Sarvjeet Singh Virk and Tajinder Singh Virk Dhiraj Relli
Establishment Year 2021 2009 2023

Account opening & AMC

Dhan app review & chargesShoonya Finvasia Brokerage charges ReviewHDFC Sky review India: Brokerage charges
Account Opening Fee The account opening fee, also known as account setup charges, refers to the one-time charge levied by a brokerage firm when you open a new Demat and trading account to invest in securities like stocks, bonds, or ETFs. These fees can vary depending on the type of account, the brokerage firm, and any current promotions or offers. ₹0 ₹0 ₹0
Annual Maintenance Charges (AMC) This is a yearly fee levied by the depository participant (DP) to maintain your Demat account, where your shares are held electronically. ₹0 ₹0 ₹20 / Month (Free for first year)

Pledge Charges

Dhan app review & chargesShoonya Finvasia Brokerage charges ReviewHDFC Sky review India: Brokerage charges
Pledge Creation Charges ₹ 12.5 / transaction / ISIN + GST ₹20 ₹20
Pledge Invocation Charges ₹ 12.5 / transaction / ISIN + GST ₹20 ₹20
Interest on Margin Trading 0.0438% per day on outstanding MTF and non MTF debit and non maintenance of 50:50 margin Does not provide 12%
Margin Re-Pledge ₹ 12.5 / transaction / ISIN + GST ₹20 ₹20

Brokerage charges & Fees

Dhan app review & chargesShoonya Finvasia Brokerage charges ReviewHDFC Sky review India: Brokerage charges
Brokerage Plan Standard Standard account Standard
Equity Delivery Charges ₹0 ₹0 ₹20 or 0.1% (Whichever is Lower)
Equity Intraday Charges ₹20 or 0.03% per executed order whichever is lower ₹0 ₹20 or 0.1% (Whichever is Lower)
Equity Futures charges ₹20 or 0.03% per executed order whichever is lower ₹0 ₹20 or 0.1% (whichever is lower)
Equity Options charges ₹20 per executed order ₹0 ₹20 / Order
Currency Futures charges ₹20 or 0.03% per executed order whichever is lower ₹0 ₹20 or 0.1% (whichever is lower)
Currency Options charges ₹20 per executed order ₹0 ₹20 / Order
Commodity Futures charges ₹20 or 0.03% per executed order whichever is lower ₹0 ₹20 or 0.1% (whichever is lower)
Commodity Options charges ₹20 per executed order ₹0 ₹20 / Order

Customer services offered

Dhan app review & chargesShoonya Finvasia Brokerage charges ReviewHDFC Sky review India: Brokerage charges
Demat Services ✅Yes ✅Yes ✅Yes
Trading Services ✅Yes ✅Yes ✅Yes
Intraday Services ✅Yes ✅Yes ✅Yes
F&O Services ✅Yes ✅Yes ✅Yes
IPO Services ✅Yes ✅Yes ✅Yes
Share Pledging ✅Yes ✅Yes ✅Yes
NRI Services ✅Yes ⛔No ✅Yes
Referral Program ✅Yes ✅Yes ✅Yes

Customer Support

Dhan app review & chargesShoonya Finvasia Brokerage charges ReviewHDFC Sky review India: Brokerage charges
Call Support +91 9987761000 (9:00 am to 6:00 pm on Market Trading days) +91 1726 750 000, +91 9779 097 777 022-39019400
Email Support help@dhan.co (24x7) clientsupport@shoonya.com customercare@hdfcsec.com
Whatsapp Support ⛔No ⛔ No ⛔No
Website Support ✅Yes, 8 AM to 12 AM (Monday to Friday), 8 AM to 10 PM (Saturday & Sunday) ✅Yes, Chat support FAQs only

Leverage (Margin) Offered

Dhan app review & chargesShoonya Finvasia Brokerage charges ReviewHDFC Sky review India: Brokerage charges
Equity Delivery Margin Leverage Upto 1.39x depending on the stock (lower leverage for volatile stocks) No leverage available; you need the full purchase value in your account. No leverage available; requires full margin upfront
Equity Intraday Margin Leverage Upto 4x depending on the stock (lower leverage for volatile stocks) Upto 5x depending on the stock (lower leverage for volatile stocks) Upto 5x depending on the stock (lower leverage for volatile stocks)
Equity F&O Intraday Margin Leverage No leverage available; requires full margin upfront No leverage available; you need the full purchase value in your account. No leverage available; requires full margin upfront
Equity F&O Carry Forward Margin Leverage No leverage available; requires full margin upfront No leverage available; you need the full purchase value in your account. No leverage available; requires full margin upfront
Currency F&O Margin Leverage No leverage available; requires full margin upfront No leverage available; you need the full purchase value in your account. No leverage available; requires full margin upfront
Commodity F&O Intraday Margin Leverage No leverage available; requires full margin upfront No leverage available; you need the full purchase value in your account. No leverage available; requires full margin upfront
Commodity F&O Carry Forward Margin Leverage No leverage available; requires full margin upfront No leverage available; you need the full purchase value in your account. No leverage available; requires full margin upfront

Unique Offerings

Dhan app review & chargesShoonya Finvasia Brokerage charges ReviewHDFC Sky review India: Brokerage charges
Free Account Opening ✅Yes ✅Yes ✅Yes
Free Brokerage ✅Yes, On Equity Delivery, ETFs, IPO & Mutual Funds only ✅Yes On Mutual Funds and IPOs only
Free AMC ✅Yes ✅Yes ⛔No
Free Equity Delivery ✅Yes ✅Yes ⛔No
Free F&O Trading ⛔No ✅Yes ⛔No
Free Intraday Trading ⛔No ✅Yes ⛔No
Free Trading calls ⛔No ⛔No ⛔No
Happy Trading Hours ⛔No ⛔No ⛔No
Flexible Brokerage Plans ✅Yes ✅Yes ⛔No
Referral Offers ✅Yes ✅Yes ✅Yes
Margin Funding (MTF)/ Pledging ✅Yes ⛔No ✅Yes
Brokerage Cashback ⛔No ⛔No ⛔No
Zero Brokerage for Loss Making Trades ⛔No ⛔No ⛔No
Relationship Manager ⛔No ⛔No ⛔No

Services Provided

Dhan app review & chargesShoonya Finvasia Brokerage charges ReviewHDFC Sky review India: Brokerage charges
Equity Delivery ✅Yes ✅Yes ✅Yes
Equity Intraday ✅Yes ✅Yes ✅Yes
Equity Futures ✅Yes ✅Yes ✅Yes
Equity Options ✅Yes ✅Yes ✅Yes
Currency Futures ✅Yes ✅Yes ⛔No
Currency Options ✅Yes ✅Yes ⛔No
Commodity Futures ✅Yes ✅Yes ⛔No
Commodity Options ✅Yes ✅Yes ⛔No
Foreign Stocks ⛔No ⛔No ✅Yes, US stocks
Mutual Funds ✅Yes ✅Yes ✅Yes
Banking ⛔No ⛔No ⛔No
Insurance ⛔No ⛔No ⛔No
Corporate Bonds ⛔No ⛔No ⛔No
Govt. Bonds ⛔No ⛔No ⛔No
Digital Gold ⛔No ⛔No ⛔No

Order Types

Dhan app review & chargesShoonya Finvasia Brokerage charges ReviewHDFC Sky review India: Brokerage charges
Market Order ✅Yes ✅Yes ✅Yes
Limit Order ✅Yes ✅Yes ✅Yes
Bracket Order ✅Yes ✅Yes ⛔No
Cover Order ✅Yes ✅Yes ⛔No
After Market Order (AMO) ✅Yes ✅Yes ✅Yes
Good Till Cancelled (GTC) ✅Yes ✅Yes ✅Yes
Buy Today Sell Tomorrow (BTST) ✅Yes ⛔No ⛔No
Sell Today Buy Tomorrow (STBT) ⛔No ⛔No ⛔No

Research & Reports

Dhan app review & chargesShoonya Finvasia Brokerage charges ReviewHDFC Sky review India: Brokerage charges
Annual Reports ✅Yes ⛔No ✅Yes
Company Reports ✅Yes ⛔No ✅Yes
Research Reports ⛔No ⛔No ⛔No
Fundamental Reports ⛔No ⛔No ✅Yes
IPO Reports ✅Yes ✅Yes ✅Yes
Technical Reports ✅Yes ⛔No ⛔No
Stock tips ⛔No ⛔No ⛔No
Daily Market Review ⛔No ✅Yes ✅Yes
Monthly Review ✅Yes ⛔No ✅Yes
Weekly Review ⛔No ⛔No ✅Yes
Robo Advisory ⛔No ⛔No ⛔No

STT & CTT Charges

Dhan app review & chargesShoonya Finvasia Brokerage charges ReviewHDFC Sky review India: Brokerage charges
Equity Delivery STT & CTT 0.1% on buy & sell 0.1% on buy & sell 0.1% on Buy & Sell
Equity Intraday STT & CTT 0.025% on sell transactions 0.025% on the sell side 0.025% on the sell side
Equity Futures STT & CTT 0.0125% on sell side 0.0125% on sell side 0.0125% on the sell side
Equity Options STT & CTT 0.0625% on sell side (on premium), 0.125% on exercised options (on intrinsic value) 0.0625% on sell side (on premium) 0.0625% on sell side (on premium)
Currency Futures STT & CTT No STT No STT ⛔ Does not offer
Currency Options STT & CTT No STT No STT ⛔ Does not offer
Commodity Futures STT & CTT 0.01% on sell side 0.01% (of Selling Value) ⛔ Does not offer
Commodity Options STT & CTT 0.05% on sell side 0.05% (of Selling Value) ⛔ Does not offer

Trading Features

Dhan app review & chargesShoonya Finvasia Brokerage charges ReviewHDFC Sky review India: Brokerage charges
Watchlist ✅Yes ✅Yes ✅Yes
Real Time Updates ✅Yes ✅Yes ✅Yes
Portfolio Details ✅Yes ✅Yes ✅Yes
Price Alert ✅Yes ✅Yes ✅Yes
Online Mutual Fund Buy ✅Yes ✅Yes ✅Yes
Global indices ⛔No ⛔No ⛔No
Customized Recommendations ⛔No ⛔No ⛔No
Advanced charting ✅Yes ✅Yes ⛔No
Live market ✅Yes ✅Yes ✅Yes
Multiple Profile Management ⛔No ⛔No ⛔No
Secure Platform ✅Yes ✅Yes ✅Yes

Trading Platforms

Dhan app review & chargesShoonya Finvasia Brokerage charges ReviewHDFC Sky review India: Brokerage charges
Android App ✅Yes ✅Yes ✅Yes
iOS App ✅Yes ✅Yes ✅Yes
Web Trading Platform ✅Yes ✅Yes ✅Yes
Trading Terminal ✅Yes ✅Yes ⛔No
Algo Trading Platform ✅Yes ✅Yes ⛔No
Foreign Stocks Trading Platform ⛔No ⛔No ✅Yes, US stocks only
Basket Trading Platform ✅Yes ✅Yes ⛔No
Mutual Fund Investment Platform ✅Yes ✅Yes ✅Yes
Digital Gold Investment Platform ⛔No ⛔No ⛔No
Bonds Investment Platform ⛔No ⛔No ⛔No

Transaction Charges

Dhan app review & chargesShoonya Finvasia Brokerage charges ReviewHDFC Sky review India: Brokerage charges
Equity Delivery Transaction Charges BSE: 0.00375%, NSE: 0.00325% 0.00325% NSE: 0.00325% | BSE: 0.00325%
Equity Intraday Transaction Charges BSE: 0.00375%, NSE: 0.00325% 0.00325% NSE: 0.00325% | BSE: 0.00325%
Equity Futures Transaction Charges NSE: 0.0019%, BSE: 0 (Zero) Exchange txn charge: 0.0019% NSE: 0.00230%
Equity Options Transaction Charges NSE: 0.05% (on premium), BSE: 0.005% (on premium) Exchange txn charge: 0.05% (on premium) NSE: 0.056% (on premium)
Currency Futures Transaction Charges NSE: 0.0009%, BSE: 0.0009%, Interest Rate Derivatives: 0.00015% Exchange txn charge: 0.0009% Does not offer
Currency Options Transaction Charges NSE: 0.035%, BSE: 0.001% Exchange txn charge: 0.035% Does not offer
Commodity Futures Transaction Charges Group A, B : 0.0026% 260/ crore Does not offer
Commodity Options Transaction Charges 0.05% 5000/ crore Does not offer

Stamp Duty charges

Dhan app review & chargesShoonya Finvasia Brokerage charges ReviewHDFC Sky review India: Brokerage charges
Equity Delivery Stamp Duty 0.015% on turnover of buy orders 0.015% 0.015% or ₹1500 / crore on buy side
Equity Intraday Stamp Duty 0.003% on turnover of buy orders 0.003% 0.003% or ₹300 / crore on buy side
Equity Futures Stamp Duty 0.0125% on sell side 0.002% 0.002% or ₹200 / crore on buy side
Equity Options Stamp Duty 0.0625% on sell side (on premium), 0.125% on exercised options (on intrinsic value) 0.003% 0.003% or ₹300 / crore on buy side
Currency Futures Stamp Duty 0.0001% on turnover of buy orders 0.0001% on Buy Side ⛔ Does not offer
Currency Options Stamp Duty 0.0001% on turnover of buy orders 0.0001% on Buy Side ⛔ Does not offer
Commodity Futures Stamp Duty 0.002% on turnover of buy orders 0.002% ⛔ Does not offer
Commodity Options Stamp Duty 0.003% on turnover of buy orders 0.003% ⛔ Does not offer

Other Charges

Dhan app review & chargesShoonya Finvasia Brokerage charges ReviewHDFC Sky review India: Brokerage charges
SEBI Turnover Charges ₹10/Crore (For all segments) ₹10/Crore (For all segments) ₹10 / crore
DP Charges ₹ 12.50 / instruction / ISIN + GST. ₹9 + GST/scrip ₹20
GST charges 18% of (brokerage + transaction charges + Demat) 18% of (brokerage + transaction charges + Demat) 18%
Account Closure Charges Free Free Free
Reactivation Charges Free Free Free
Dematerialization Charges ₹150 per certificate + ₹100 courier charges ₹150 per certificate + ₹100 courier charges ₹50 / Share Certificate + Courier Charges
Call and Trade charges ₹ 50 / order + GST ₹0 ₹20 / Call
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