Dhan vs Zerodha Brokerage Charges & Review

Dhan and Zerodha are two well-known names that you may have seen if you are looking for a trustworthy and cheap broker to trade on the Indian stock market. They are both discount brokers that let you trade online and charge low brokerage fees. Which one is better for you? Let’s find out by comparing Dhan vs Zerodha in a number of areas, including Brokerage Charges, User Reviews, features, customer service, and more.

Dhan vs Zerodha: Features

You can trade stocks, options, currencies, commodities, initial public offerings (IPOs), mutual funds, and bonds on both Dhan and Zerodha. They also offer more advanced trading tools, like alerts, scanners, screeners, indicators, charts, and more. But they are not the same. Let’s find out how are they different by comparing Dhan vs Zerodha features

Dhan claims to have the fastest trading app in India, with a latency of less than 10 milliseconds. It also has a unique feature called Dhan Cards, which are pre-built trading strategies that you can apply to any stock or index. You can make your own cards and give them to other users.

Zerodha has a more complete trading platform called Kite. It can be used on the web or on your phone. It has more than 100 indicators, 20 types of charts, 6 drawing tools, and different ways to look at the charts. It also works with other apps like Coin for direct mutual funds, Console for reports and analytics, Varsity for education, and Streak for algorithm trading.

Dhan vs Zerodha: Brokerage charges

For direct mutual funds and equity delivery trades, both Dhan and Zerodha do not charge any brokerage fees. They charge a flat fee of Rs 20 or 0.03% of the trade value, whichever is less, for intraday and futures. For options, flat ₹20 is charged. But their other fees are different in some ways that could change how much it costs you to trade overall.

Dhan doesn’t charge any fees to open an account or for annual maintenance (AMC) for either a trading account or a demat account. For DP transactions, it costs Rs 12.5 per scrip per day.
Zerodha charges Rs 200 to open an account. For DP transactions, it costs Rs 13.5 per scrip per day.

Dhan vs Zerodha: Customer Service

You can get help from both Dhan and Zerodha by phone, email, chat, and social media. But they aren’t all the same when it comes to service quality and responsiveness, which could affect how satisfied you are.

The customer service number for Dhan is 9987761000, and it’s open from 9 am to 6 pm, Monday through Friday. It also has a chatbot named Dhani that can help you with simple questions and get in touch with the right support team. You can also tweet at @dhanapp or email them at support@dhan.co.

You can get help from Zerodha through their website or app by creating a ticket. You can also email them at support@zerodha.com or call their local numbers. But a lot of users have complained about long wait times, agents who don’t answer, and problems that aren’t fixed.

Dhan vs Zerodha: User Reviews

Users of both Dhan and Zerodha have given them mixed reviews on the Google Play Store, the App Store, Trustpilot, Mouthshut, and other sites. There are some differences, though, between their ratings and feedback, which may show how satisfied their users are.

Many people have given Dhan an average rating of 3.9 out of 5 on the Google Play Store. Its speed, ease of use, design, and features have been praised by most users. But some users have said they’ve had problems like not being able to log in, orders not going through, technical glitches, and bad customer service.

There are over 400k reviews of Zerodha on the Google Play Store, giving it an average score of 4 out of 5. Most users have liked its platform, tools, education, and new ideas. But some users have had issues like app crashes, server downtime, order rejections, and settlements taking too long.

Conclusion

From what we’ve seen so far, it’s clear that both Dhan and Zerodha have pros and cons that may serve different types of traders better. You might like Dhan more if you want a trading app that is quick and easy to use, doesn’t charge any fees, and has cool features like Dhan Cards. You might like Zerodha better if you want an all-in-one, high-tech trading platform that works with many products and services, such as Kite, Coin, Console, and more.