Dhan Vs Zerodha Vs Fyers – Comparison and Review

  • Post category:Stock Market
  • Reading time:25 mins read
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  • Post last modified:March 15, 2023

If you want to be best in in your trading and investing journey than this Dhan Vs Zerodha Vs Fyers comparison will certainly going to help you in choosing the best stockbroker at present in India.

You will find out who is best stock broker among them by comparing different services such as brokerage, trading platform (Dhan App vs Kite App Vs Fyers App), account opening charges, customer service, margin and lot more products these stock broker offers to its clients.

Zerodha is at no.1 position in terms of active clients, they have about 66,04,501 (6.6 millions), Fyers have more than 2,44,127 active clients whereas Dhan made their entry in one of the highly competitive broking industry in September 2021 and they have more than 1 million+ users who have installed their app from playstore.

I know the difference is very high but one need to know, Dhan established just 1.5 years ago and fyers 5.6 years but looking at this number does shows the trust they have created for users in their products and services.

Not only that you will be surprised to know that Dhan trading platform is one of the best web based trading platform I have personally seen, it may sound little exaggerated but dhan even beats the Zerodha trading platform due to the various features available under the same page such as technical, advanced option chain data, customised option strategy builder, fundamentals of company, financials etc.

Now without wasting further time lets us jump direct to comparison part of different features and services you can get from above three stockbrokers.

 

Dhan Vs Zerodha Vs Fyers Charges Comparison:

Stock Broker
Account Opening Charges
Annual maintenance Charges (AMC)
Brokerage Charges
Free Delivery Trades
Zerodha
Rs.200
Rs.200 yearly
Rs.20 or 0.03% 
Yes
Dhan
Free
Free 
Rs.20 or 0.03% 
Yes
Fyers
Free
Free
Rs.20 or 0.03%
Yes

 

As you can clearly see in the table above as far as account opening and AMC charges are concerned Fyers and Dhan is almost free and hence can be counted as best money saving in comparison to zerodha.

Having said that, in day to day trades what really matters are brokerage, this is what you pay most of time when you place any trade. Zerodha, fyers and Dhan is undoubtedly tops the table with lowest brokerage in comparison to any other stockbrokers.

Moreover for equity delivery based trades all three of them does not charge any brokerage.

 

Stock Broker
Auto Square-Off Charges
Call N Trade Charges
MTF
Open A/C Now
Zerodha
Rs.50
Rs.50
No
Dhan
Rs.20
Rs.20
4x
Fyers
Rs.50
Rs.50
No

 

Dhan gives Margin Trading Facility (MTF) for up to 4X leverage (75% funds) from Dhan for Equity Delivery trading. You can buy 950+ stocks and hold them for unlimited period of time.

However, Zerodha ad fyers both do not have this feature as of now.

So, overall Dhan stockbroker wins the race in terms of saving more money for you in comparison to Zerodha and fyers.

Let us now move on to compare the most important part for every trader and investor i.e. segments available and trading platform rating and features.

 

Dhan Vs Zerodha Vs Fyers Trading Platform Comparison:

There are many forms of investing and trading in stock market in India, mainly there are three prominent stock exchanges:

  1. National Stock Exchange of India (NSE) Ltd.
  2. BSE Ltd. formerly known as the Bombay Stock Exchange Ltd.
  3. Multi Commodity Exchange of India Ltd.(MCX)

National Stock Exchange of India(NSE) and BSE Ltd. both deals in segment of market mentioned below.

  1. Equity
  2. Equity Derivatives
  3. Currency Derivatives (including Interest Rate Derivatives)
  4. Commodity Derivatives
  5. Debt

There are multiple segments or you can say financial products available just like a supermarket, apart from above you can invest and trade in ETF, Digital Gold, SGB, Bonds, Government securities(G-sec), IPO, OFS, Mutual funds, etc.

The reason I told you above is to be familiar with the financial products and then check various options available with stockbroker you are choosing, rather than just going by the hype.

In Zerodha vs Dhan Vs Fyers there are many financial products are available take a look in below table:

Stock Broker
Trading/Investing Segments Available
Trading Platform Rating
Zerodha
NSE/BSE/MCX/Currency/FnO/IPO/Mutual Funds/ETF/SGB/Bonds/Gsec/OFS
4.6/5
Fyers
NSE/BSE/MCX/Currency/FnO/IPO/Mutual Funds/ETF/SGB/OFS
4.4/5
Dhan
NSE/BSE/MCX/Currency/FnO/IPO/Mutual Funds/ETF/SGB/Bonds/Gsec/OFS
4.7/5

 

Below are the overall rating of dhan, Upstox and Fyers, which means if you consider all different features, charges, cost effectiveness, better user experience among them.

Stock Broker
Third party Integration
Overall Rating
Zerodha
Tickertape, Streak, Sentinel, Smallcase, Sensibull
9.5/10
Fyers
Thematic Portfolio Investing
9.3/10
Dhan
Stratzy, customised Option Strategy builder  Smallcase, WealthBaskets
9.6/10

 

what makes any stockbroker trading platform better is the integration of various financials third party apps or inbuilt software’s.

Zerodha trading platform have partnered with third party service integration as well such as Tickertape, Streak, Refinitiv, Smallcase for portfolio based investments and, Sensibull for option based strategies.

On the other hand Dhan have also made tie up with smallcase for making portfolio based investment moreover they do have a stock recommendation tool as well which gives long term investment ideas known as Stratzy and this feature is not available with zerodha and fyers.

Dhan also offers another feature known as WelathBasket, it is a basket of stocks/ETFs, based on a strategy, theme or idea. WealthBaskets are professionally managed and help you invest in Stock Markets in a systematic way.

Dhan also have a dedicated option trading app which is not available at Zerodha and Fyers.

Very often traders who do not trade with option strategies may incur huge losses. Mostly because option strategies are complicated and require complex math’s. But with dhan latest tool has solved this problem and made options trading with pre-build strategies a lot simpler.

You will be amazed to know that dhan trading platform is one of the best trading platform I have come across recently, which even beats zerodha trading platform in many aspect.

Talking about Fyers they have dedicated platform for all three devices downloadable, web and mobile app with great technical and fundamental tools and resources.

They also have an inbuilt thematic investment platform where one can invest in well-researched readymade portfolios which has outperformed mutual funds in the past.

Having said that Fyers in comparison to both dhan and zerodha lacks behind in terms of more extraordinary features such as mentioned above and if you do option trading than they do not have any option strategy builder.

Stock Broker
Open Account Now
Zerodha
Dhan
Fyers

 

To prove my point let us in brief review the web based trading platform for Fyers Vs Dhan Vs Zerodha one by one.

 

Zerodha Trading Platform Review:

Zerodha is known for its best trading platform since inception, they have 3 dedicated platforms for its users:

  1. Zerodha Pi for desktop, which is a downloadable version
  2. Zerodha Kite for Web, which a browser based trading platform
  3. Zerodha Kite Mobile App, which a mobile App

Let us discuss Zerodha Kite which is a web or say browser based trading platform, which can be opened on any web browser you use. Just like a website but with all the tools and resources needed.

All zerodha trading platform are very secured, because of its 2 factor authentication, you need to enter the password and than a 6 digit pin to login. Once logged in you will see this page:

 

Espresso Vs Zerodha

 

On left hand you will see the market watch, from here you can add or delete the scrips. When you move and hover over any stock it will give you different option like charts, market depth, buy sell order and many more.

Below image shows when you click on to know the market depth, (just to let you only zerodha as of now have the facility for level 3 data), what it means, the market depth that you will see have more depth , usually most other brokers will show only 5 best bids but zerodha shows 20 data for buy and sell orders.

 

Zerodha Kite Web Based Trading Platform

 

Doing technical analysis at zerodha is a blessing, with all the necessary tool and free resources available at one place, one can create, back-test & deploy whatever strategy they want. Zerodha gives Trading View charts along with ChartIQ on both web and mobile application.

 

zerodha vs espresso

 

With zerodha kite platform you get the maximum no. of indicators you want in life. They are just one click away.

 

Charting tools and resources on Kite

 

You can display and use any type of chart with different candlestick patterns

 

Zerodha Review On Margin Brokerage Trading Platform- Best Ultimate Guide 2020

 

You can also draw trend-lines, Fibonacci arc, cross-line on the chart itself.

 

Zerodha Kite Web Based Trading Platform

 

To open an account with Zerodha right away click on this link.

 

Dhan Trading Platform Review:

Dhan have 3 trading platform for all devices known as Dhan App for Mobile, Dhan for desktop web version and dedicated option trading app by dhan.

It is not possible to review all of them under one post however, will review the dhan web version trading platform and as the functionalities and features remains same across different version hence it does not matter.

Dhan web or say browser based trading platform, which can be opened on any web browser you use. Just like a website but with all the tools and resources needed.

Honestly, this is one of the best web based trading platform I have personally seen due to the various features available under the same page such as technical, advanced option chain data, customised option strategy builder, fundamentals of company, financials etc.

 

Dhan Review On Trading Platform

 

On left hand you will see the market watch, from here you can add or delete the scrips. When you move and hover over any stock it will give you different options.

 

Dhan Review On Trading Platform

 

If you know how to trade options then all the important details such as option chain, option delta, option moneyness etc. is easily available for you.

 

Dhan Review On Trading Platform

 

With Dhan platform you get the maximum no. of indicators you want in life. They are just one click away.

You can display and use any type of chart with different candlestick patterns

Whether you want to use:

MACD indicator

Bollinger Bands indicator

RSI indicator

Volume Indicator

Support and Resistance indicator and many others

 

dhan broker charts

 

Dhan gives Trading View charts along with ChartIQ on both web and mobile application. Different Candlestick patterns etc. you name the indicator and it will be there.

 

dhan order type

 

As, you can see in the above image of order window, you can place different types of orders in intraday trading, if you select the option delivery, it will give you the option to place different order for delivery.

You can add- withdraw funds directly, create or back-test trading strategies use DHAN API to trade and lot more.

The user interface is so clean and up to the mark, you can easily know which icon will do what, as the moment you will hover to any it will tell you the functionality of it.

So all in all Dhan trading platform has everything what is needed for a hassle-free trading platform.

Open Free dhan trading and demat account with Zero AMC (Annual Mainenetance Charges) 

 

Fyers Trading Platform Review: 

Fyers have one of the best trading platforms for traders and investors in India, in this section we will discuss all the trading platforms by looking inside them and seeing how they function. Fyers have three major trading platform

FYERS ONE – It is a desktop based trading platform, which means you can download the software and can install it on you PC or laptop. You can use it by logging in through client id and password given after account opening.

FYERS WEB – It is a is a web or say browser based trading platform, which can be opened on any web browser you use. Just like a website but with all the tools and resources needed.

FYERS MARKETS – It is a mobile based app,  you can use and place your trades in mobile itself instead on logging to your desktop or laptop.

Let us see Fyers web based trading platform and it’s functionalities.

Fyers web is a web or say browser based trading platform, which can be opened on any web browser you use. Just like a website but with all the tools and resources needed.

Let us know more about it.

 

FYERS Web Based Trading Platform

 

As, you can see in the image above fyers web design is clean and compact, they have tried to keep everything simple and on a click.

On right you see watch-list, which you can create or use predefined list as given below:

 

FYERS Web Based Trading Platform

 

There are lot of thing you can do just by a click look at the image below if you right click on chart of any stock or index it gives you lot of options.

 

Fyers Review On Margin Brokerages Trading Platform - Complete Guide 2020

 

I have checked the fundamentals of a HDFC Bank, so if you are doing investing for a long term no need to go to any other website all the major information will be available within the trading platform.

 

FYERS Web Based Trading Platform

 

This is for technical analysis, for intraday and short term traders, you can see probability of a stock to move in which direction and than can make a concrete decision for placing your trades.

 

Fyers Review On Margin Brokerages Trading Platform - Complete Guide 2020

 

As the different charting tools and indicators in fyers one similarly all the major, minor indicators are present, Moreover you can popup the chart and do your analysis on a different tab.

 

Fyers Review On Trading Platform

 

Want to draw trend-lines or mark any important area, draw with the resources given on the left of the chart and apply them.

 

Fyers Review On Trading Platform

 

Open Free Trading/Demat/Mutual Fund Account With Fyers Online Within minutes with no AMC for a limited time period here.

However if we compare Zerodha vs Fyers Vs Dhan in overall terms then Zerodha and Dhan in comparison to Fyers trading platform offers much better user interface as well as they have many other services integrated under one page which makes it very easy to find all resources.

 

Dhan Vs Zerodha Vs Fyers which is better?

Zerodha and Dhan both are better than Fyers If we do a overall comparison of various charges, features hence I would advise anyone to go with either zerodha or dhan and avoid Fyers as of now.

Moreover I have not done margin comparison between zerodha, dhan and fyers because after SEBI Rules on Intraday margin every stockbroker is giving same margin 5X throughout India, hence this does not matter anymore.

Zerodha in itself is the universe, whether you are a beginner or experience trader and investor, zerodha has all resources set at one place for you.

Expressing my opinion in terms of all technological tools, advanced platforms, robust management I would rate Zerodha 9.5 out of 10. 

To open an account with Zerodha right away click on this link.

According to the latest NSE reports  there are about 300+ stock brokers in India, however what makes Dhan a leading and strong contender in the stock broking industry is the tools and resources they have in their trading platform.

Moreover there are no hidden charges and the brokerages are very minimal if we do the industry comparison. They are also backed by cash enriched investors so nothing to fear.

If I have to rate Dhan broker after looking at there breakthrough pricing model for brokerages as well as other charges and experiencing there simple yet great user interface for trading platform I would give it 9.5 out of 10.

I am still being harsh as it is a new company, but you may see the ratings may go higher with time in my opinion.

So if you are thinking of opening a trading/demat/mutual fund combined account, than do not put any second thought, go ahead and Open Free dhan trading and demat account with Zero AMC (Annual Mainenetance Charges) there is nothing to lose its a win-win deal.

Expressing my opinion in terms of all technological tools, advanced platforms, robust management, margin and brokerage:

I would rate Fyers 9.2 out of 10.

A company which is just 5.5 years old, have made itself a brand within this period. There are more than 250+ stockbrokers in India which are working from so long, but Fyers has created its own place.

This a significant example of how a startup should work, As I have already experienced the various services offered by fyers, I must say there are ahead in the race and will be in Best 5 stock broker position very soon.

Fyers has top-notch in house build trading platform and they offer free account opening with no AMC so nothing to lose, You will not regret opening account with them at all.

To open an account with Fyers right away click on this link.

I hope you above comparison between these stockbrokers have certainly helped you to choose the right broker for you. I wish you all the best for your financial journey ahead.

If, you have liked the content please do share it with your friends or on social media, as sharing do bring the good karma. If you have any questions or feedback you can leave them in comment box below.

If you are a beginner in trading and investing, please read this amazing guide on How stock market works in India?

Learn the basics of option trading step by step here.

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Note: Please do your own research and make investment. Moneycontain will not be responsible for any of your losses at all. The point made is for educational purpose only and intended to give information. All investments are subject to risks, which should be considered prior to making any investments.

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