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Dhan vs Shoonya vs Zerodha

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

Features of M.stock

  • Zero Brokerage: One of the standout features of M.stock is its zero brokerage on equity delivery.
  • User-Friendly Interface: The platform offers an intuitive interface, making it easy for beginners to navigate.

Pros of M.stock

  • Cost-Effective: With zero brokerage, it’s a great option for cost-conscious investors.
  • Ease of Use: The interface is straightforward, which is ideal for those new to trading.
  • Comprehensive Tools: Offers a range of tools for market analysis.

Cons of M.stock

  • Limited Advanced Features: More advanced traders might find the platform lacking in sophisticated tools.
  • Customer Service: Some users have reported delays in customer support.
  • Laggy interface: Platforms lags and not smooth
  • Real-Time Market Data: Does not provide latest updates and market trends with real-time data.

Who Should Choose M.stock?

If you are a beginner looking for a cost-effective platform with essential tools and an easy-to-use interface, M.stock might be the best choice for you.

Features of Dhan

  • Advanced Charting Tools: Dhan provides advanced charting options for in-depth analysis.
  • Diverse Asset Classes: Trade in equities, commodities, currencies, and more.
  • Seamless Integration: Integrates with various financial apps for a holistic view of your investments.

Pros of Dhan

  • Advanced Tools: Ideal for seasoned traders who require detailed analysis tools.
  • Diverse Options: Ability to trade across multiple asset classes.
  • Integration: Seamless integration with other financial tools and apps.

Cons of Dhan

  • Learning Curve: The advanced features might be overwhelming for beginners.
  • Cost: Higher fees compared to some other platforms.

“Beware, Dhan’s advanced tools require some time to master. However, once you get the hang of it, the platform is incredibly powerful.” – Raheja

Who Should Choose Dhan?

Dhan is perfect for experienced traders who need advanced analysis tools and are comfortable with a slightly steeper learning curve.

dhan charges
dhan charges

Features of Indmoney

  • Robo-Advisory Services: You can get personalized investment advice with Indmoney’s advisory.
  • Financial Tracking: Track all your financial assets in one place, from stocks to real estate.
  • Goal-Based Investing: Set financial goals and track your progress.

Pros of Indmoney

  • Holistic Financial Management: Manage and track all your investments in one place.
  • Personalized Advice: Benefit from AI-driven, personalized investment recommendations.
  • Goal Setting: Helps you stay on track with your financial goals.

Cons of Indmoney

  • Complex Interface: The wealth of features can be overwhelming for some users.
  • Subscription Cost: Premium features come at a subscription cost.

“I love how Indmoney helps me keep track of my diverse investments. The goal-based tracking keeps me motivated and focused.” – Neha, 28

Comparison Table: M.stock vs Dhan vs Indmoney

FeatureM.stockDhanIndmoney
BrokerageZeroCompetitiveCompetitive
User InterfaceUser-FriendlyAdvancedComplex
Asset ClassesLimitedDiverseDiverse
Advanced ToolsBasicComprehensiveComprehensive
Customer SupportModerateGoodGood
Personalized AdviceNoNoYes
IntegrationModerateHighHigh
M.stock vs Dhan vs Indmoney

Conclusion

Choosing the right trading platform can significantly impact your investment journey. M.stock vs Dhan vs Indmoney each offer unique features customized to different types of investors.

  • Choose M.stock if you are a beginner seeking a cost-effective, user-friendly platform.
  • Opt for Dhan if you are an experienced trader needing advanced tools and diverse asset classes.
  • Go for Indmoney if you prefer a comprehensive financial management tool with personalized investment advice.

Company Overview

Dhan app review & chargesShoonya Finvasia Brokerage charges ReviewZerodha Trading App Review 2024
Company name Dhan Shoonya by Finvasia Zerodha
Headquarters Mumbai Mumbai Bengaluru
Founder Mr Pravin Jadhav Sarvjeet Singh Virk and Tajinder Singh Virk Nithin Kamath
Establishment Year 2021 2009 15 August 2010

Account opening & AMC

Dhan app review & chargesShoonya Finvasia Brokerage charges ReviewZerodha Trading App Review 2024
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 ₹200
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 ₹0

Pledge Charges

Dhan app review & chargesShoonya Finvasia Brokerage charges ReviewZerodha Trading App Review 2024
Pledge Creation Charges ₹ 12.5 / transaction / ISIN + GST ₹20 ₹30 + GST per pledge request
Pledge Invocation Charges ₹ 12.5 / transaction / ISIN + GST ₹20 ₹0
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 0.035% per day (equivalent to 12.775% p.a.)
Margin Re-Pledge ₹ 12.5 / transaction / ISIN + GST ₹20 ₹0

Brokerage charges & Fees

Dhan app review & chargesShoonya Finvasia Brokerage charges ReviewZerodha Trading App Review 2024
Brokerage Plan Standard Standard account Standard
Equity Delivery Charges ₹0 ₹0 ₹0
Equity Intraday Charges ₹20 or 0.03% per executed order whichever is lower ₹0 ₹20 or 0.03% per executed order, whichever is lower
Equity Futures charges ₹20 or 0.03% per executed order whichever is lower ₹0 ₹20 or 0.03% per executed order, whichever is lower
Equity Options charges ₹20 per executed order ₹0 Flat ₹20 per executed order
Currency Futures charges ₹20 or 0.03% per executed order whichever is lower ₹0 ₹20 per executed order or 0.03% of the transaction value, whichever is lower
Currency Options charges ₹20 per executed order ₹0 Flat ₹20 per executed order
Commodity Futures charges ₹20 or 0.03% per executed order whichever is lower ₹0 ₹20 per executed order or 0.03% of the transaction value, whichever is lower
Commodity Options charges ₹20 per executed order ₹0 ₹20 per executed order

Customer services offered

Dhan app review & chargesShoonya Finvasia Brokerage charges ReviewZerodha Trading App Review 2024
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 ReviewZerodha Trading App Review 2024
Call Support +91 9987761000 (9:00 am to 6:00 pm on Market Trading days) +91 1726 750 000, +91 9779 097 777 080 47181888
Email Support help@dhan.co (24x7) clientsupport@shoonya.com renu.pd@zerodha.com (10AM - 5PM)
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 ✅Yes, create ticket

Leverage (Margin) Offered

Dhan app review & chargesShoonya Finvasia Brokerage charges ReviewZerodha Trading App Review 2024
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; you need the full purchase value in your account.
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 ReviewZerodha Trading App Review 2024
Free Account Opening ✅Yes ✅Yes ⛔No
Free Brokerage ✅Yes, On Equity Delivery, ETFs, IPO & Mutual Funds only ✅Yes On Stock delivery, Mutual Funds and IPOs only
Free AMC ✅Yes ✅Yes ✅Yes
Free Equity Delivery ✅Yes ✅Yes ✅Yes
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 ReviewZerodha Trading App Review 2024
Equity Delivery ✅Yes ✅Yes ✅Yes
Equity Intraday ✅Yes ✅Yes ✅Yes
Equity Futures ✅Yes ✅Yes ✅Yes
Equity Options ✅Yes ✅Yes ✅Yes
Currency Futures ✅Yes ✅Yes ✅Yes
Currency Options ✅Yes ✅Yes ✅Yes
Commodity Futures ✅Yes ✅Yes ✅Yes
Commodity Options ✅Yes ✅Yes ✅Yes
Foreign Stocks ⛔No ⛔No ⛔No
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 ReviewZerodha Trading App Review 2024
Market Order ✅Yes ✅Yes ✅Yes
Limit Order ✅Yes ✅Yes ✅Yes
Bracket Order ✅Yes ✅Yes ✅Yes
Cover Order ✅Yes ✅Yes ✅Yes
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 ReviewZerodha Trading App Review 2024
Annual Reports ✅Yes ⛔No ✅Yes, powered by Tickertape
Company Reports ✅Yes ⛔No ✅Yes, powered by Tickertape
Research Reports ⛔No ⛔No ✅Yes, powered by Tickertape
Fundamental Reports ⛔No ⛔No ✅Yes, powered by Tickertape
IPO Reports ✅Yes ✅Yes ✅Yes
Technical Reports ✅Yes ⛔No ✅Yes, powered by Streak
Stock tips ⛔No ⛔No ⛔No
Daily Market Review ⛔No ✅Yes ⛔No
Monthly Review ✅Yes ⛔No ⛔No
Weekly Review ⛔No ⛔No ⛔No
Robo Advisory ⛔No ⛔No ⛔No

STT & CTT Charges

Dhan app review & chargesShoonya Finvasia Brokerage charges ReviewZerodha Trading App Review 2024
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 No STT
Currency Options STT & CTT No STT No STT No STT
Commodity Futures STT & CTT 0.01% on sell side 0.01% (of Selling Value) 0.01% on sell side (Non-Agri)
Commodity Options STT & CTT 0.05% on sell side 0.05% (of Selling Value) 0.05% on sell side

Trading Features

Dhan app review & chargesShoonya Finvasia Brokerage charges ReviewZerodha Trading App Review 2024
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 ✅Yes
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 ReviewZerodha Trading App Review 2024
Android App ✅Yes ✅Yes ✅Yes
iOS App ✅Yes ✅Yes ✅Yes
Web Trading Platform ✅Yes ✅Yes ✅Yes
Trading Terminal ✅Yes ✅Yes ✅Yes
Algo Trading Platform ✅Yes ✅Yes ✅Yes
Foreign Stocks Trading Platform ⛔No ⛔No ⛔No
Basket Trading Platform ✅Yes ✅Yes ✅Yes
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 ReviewZerodha Trading App Review 2024
Equity Delivery Transaction Charges BSE: 0.00375%, NSE: 0.00325% 0.00325% NSE: 0.00325% | BSE: 0.00375%
Equity Intraday Transaction Charges BSE: 0.00375%, NSE: 0.00325% 0.00325% NSE: 0.00325% | BSE: 0.00375%
Equity Futures Transaction Charges NSE: 0.0019%, BSE: 0 (Zero) Exchange txn charge: 0.0019% NSE: 0.0019% | BSE: 0
Equity Options Transaction Charges NSE: 0.05% (on premium), BSE: 0.005% (on premium) Exchange txn charge: 0.05% (on premium) NSE: 0.05% (on premium) | BSE: 0.005% (on premium)
Currency Futures Transaction Charges NSE: 0.0009%, BSE: 0.0009%, Interest Rate Derivatives: 0.00015% Exchange txn charge: 0.0009% 0.0009%
Currency Options Transaction Charges NSE: 0.035%, BSE: 0.001% Exchange txn charge: 0.035% NSE: Exchange txn charge: 0.035% | BSE: Exchange txn charge: 0.001%
Commodity Futures Transaction Charges Group A, B : 0.0026% 260/ crore Exchange txn charge: 0.0026%
Commodity Options Transaction Charges 0.05% 5000/ crore Exchange txn charge: 0.05%

Stamp Duty charges

Dhan app review & chargesShoonya Finvasia Brokerage charges ReviewZerodha Trading App Review 2024
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 0.0001% or ₹10 / crore on buy side
Currency Options Stamp Duty 0.0001% on turnover of buy orders 0.0001% on Buy Side 0.0001% or ₹10 / crore on buy side
Commodity Futures Stamp Duty 0.002% on turnover of buy orders 0.002% 0.002% or ₹200 / crore on buy side
Commodity Options Stamp Duty 0.003% on turnover of buy orders 0.003% 0.003% or ₹300 / crore on buy side

Other Charges

Dhan app review & chargesShoonya Finvasia Brokerage charges ReviewZerodha Trading App Review 2024
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 ₹13.5 + GST per scrip (irrespective of quantity)
GST charges 18% of (brokerage + transaction charges + Demat) 18% of (brokerage + transaction charges + Demat) 18% of (Brokerage + Transaction charges + Demat)
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 ₹150 per share certificate, ₹100 courier charges, + 18% GST
Call and Trade charges ₹ 50 / order + GST ₹0 ₹50 per order
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