Zerodha Vs Dhan Vs Groww – Find Out Which is Better Stockbroker?

  • Post category:Stock Market
  • Reading time:24 mins read
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  • Post last modified:January 26, 2023

This Zerodha Vs Dhan Vs Groww comparison will certainly going to help you in choosing the right stockbroker for you trading and investing journey. 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 Groww 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), Groww is currently at third position just behind Upstox with 44,22,161 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 google playstore.

I know the difference is very high but one need to know, Dhan established just 1.5 years ago 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 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.

 

Zerodha Vs Dhan Vs Groww 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
Groww
Free
Free
Rs.20 or 0.05%
No

 

As you can clearly see in the table above as far as account opening and AMC charges are concerned groww 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 and Dhan is undoubtedly tops the table with lowest brokerage in comparison to groww.

Moreover equity delivery based trades zerodha and dhan does not charge any brokerage where groww have a same brokerage structure for even delivery based trades.

 

Stock Broker
Auto Square-Off Charges
Call N Trade Charges
Call N Trade
Open A/C Now
Zerodha
Rs.50
Rs.50
Yes
Dhan
Rs.20
Rs.20
Yes
Groww
Rs.50
Not Available
No

 

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

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.

 

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

Stock Broker
Trading/Investing Segments Available
Third-party Integration
Zerodha
NSE/BSE/MCX/Currency/FnO

/IPO/Mutual Funds/ETF/SGB/Bonds/G-sec

Tickertape, Streak, Smallcase,

Sensibull, Refinitiv

Dhan
NSE/BSE/MCX/Currency/FnO/

IPO/Mutual Funds/ETF/SGB/Bonds/G-sec

Smallcase, Stratzy, 

WealthBaskets

Groww
NSE/BSE/FnO/IPO/Mutual Funds/

ETF/SGB/FD

Tickertape

 

 

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

Recently 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.

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 and this is not available with Upstox and this feature is not available with zerodha and groww.

Dhan also 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 and this feature is not available with either Zerodha or Groww.

Where as groww signed up with tickertape to provide a better fundamental analysis to it’s users on their trading platform.

Apart from different financials products what matters next is the execution that is to be done by the app or trading platform given by these stock brokers.

 

Stock Broker
Trading Platform
Trading Platform Rating
Zerodha
Zerodha PI/Kite Web/Kite Mobile
4.6/5
Dhan
Dhan Option Trading App/ Web/Mobile
4.7/5
Groww
Groww Web/Mobile App
3.9/5

 

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 the zerodha trading platform in every aspect.

Whereas groww in comparison to both dhan and zerodha lacks far behind in terms of user interface, various features as well as trade execution.

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

 

Zerodha Trading Platform:

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:

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) 

 

Groww Trading Platform:

The groww trading platform seems to provide great in-depth financial as well as technical analysis. There are 2 platform available at groww.

  1. Groww Web based Trading Platform
  2. Groww Mobile App for Android and OS

There are no desktop downloadable version available for trading as of now with groww.

The web based version at groww is quite clean and well designed, as the UI (user interface) looks dynamic and smooth. Talking in terms of what is unique about the platform specially in respect to trading and investing,

Groww platform offers great financial analysis for every stocks including the one listed in US (Nasdaq).

Checkout the image below to know more:

 

Groww Review On Trading Platform

 

As, you can see in above image on left they have given the space for seeing charts sowing current trading price of stock in market, which includes candlestick charts  with volumes patterns overtime, you can see the historical data. On the right side of the screen you can easily place the intraday or delivery trades in a click.

If you go downwards you can see other great financial insights such as performance of stock, other different brands of that company, About the company and lot more.

 

Groww Web Based Trading Platform

 

 

Groww Web Based Trading Platform

 

Company statistics such as, Profit & loss, balance sheet of company, cash flows, P/E ratio (price to earning), P/B ratio (price to book) Book value etc. are one click away on groww web based trading platform.

 

Groww Review - Brokerages, Charges, Platform, Mutual Funds, App Reviewed

 

Now, I understand that Groww first being a investment platform for users have great financial information for users moreover if you are someone who loves doing intraday based trading it does requires technical indicators, tools and other resources, which at groww web based version is also available.

 

groww vs zerodha trading platform

 

So, If you are someone who do more investing for short, medium or long term, Groww has everything in place for you.

However if we compare Zerodha vs Groww Vs Dhan in overall terms then Zerodha and Dhan in comparison to groww 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.

 

Zerodha Vs Dhan Vs Groww which is better?

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

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

Stock Broker
MTF
Overall Rating
Open A/C Now
Zerodha
No
9.4/10
Dhan
4x
9.5/10
Groww
No
8.7/10

 

Moreover I have not done margin comparison between zerodha, dhan and groww 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.

In my opinion groww still need to do a lot to fulfill the stock broking requirements such as allowing  currency and commodity trading.

Having said that, I like their USP of allowing clients to invest in US, their strength in financial data for fundamental analysis, Free mutual funds investments.

If I have to rate Groww 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 8.7 out of 10.

Open an free account with groww using this link

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

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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