Zerodha Vs Dhan Vs Groww – Which is Better Stockbroker?

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 in terms of active clients, they have about 66,04,501 (6.6 millions), Groww has 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 1.5 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 3 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:

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.

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 and Groww 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 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:

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 feature is not available with zerodha and groww.

1Cliq by oipulse is integrated with Dhan which helps fast traders to identify trends especially scalpers. You can have trade execution with pre defined SL, auto Trailing SL, MTM target and stop loss are some of it’s amazing features which is not available with Zerodha and Groww.

Dhan also have a dedicated option trading platform (Web + App) which is not available at Zerodha and Groww.

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.

Last but not the least Dhan has also partnered with Tactic who provides Trade Ideas & Strategies of top SEBI registered traders in currently 3 modes – Intraday, Positional & BTST. This feature will greatly help the new as well as experience traders and is neither available with 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.

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.

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

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:

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.

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

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

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 platform (Web + App) by dhan.

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.

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.

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.

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 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.

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.

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

Below are some of the brilliant features of Dhan stock broker:

1. Access 4,000+ Scrips and major Indices like Nifty 50, Bank Nifty, FinNifty
2. Stock Trading App offers 1,600+ Stocks for Intraday Trading
3. MTF with 4x Leverage on 1,000+ Stocks & Unlimited Holding Period
4. Create a Basket of Stocks & Place Order in 1-Click
5. Daily, Weekly, Monthly SIP in Stocks
6. Busy Between 09:15 AM to 3:30 PM? Place After Market Orders
7. ₹0 Brokerage on Stock Investing & ₹20 for Intraday Trading
8. Buy/Sell Directly from Option Chain
9. Get Real-time Payoff Graph, Greeks & Live Trade Volumes
10. Advanced Order Types like Trailing Stop Loss, Iceberg, Forever (GTT)
11. Get Instant Pledge Margin for Option
12. Buying/Selling on 1,500 Stocks
13. Buy Options Quickly with Flash Trade
14. ₹20 on Options for All Segments
15. ₹20 or 0.03% (whichever is lower) on Futures for All Segments
16. Choose from 1,000+ Direct Mutual Funds
17. Start SIP in Equity, Debt, Hybrid, and Index Funds
18. Save Taxes with ELSS Funds
19. Find Top Rated Funds Easily on Mutual Funds SIP App
20. Add Multiple Funds in Cart and Invest in 1-Click
21. Manage Mutual Fund SIP with AutoPay or 1-Tap Top-up
22. Pay ZERO Charges for investing mutual funds – Absolutely Free!
23. Access to All Stock Market ETFs – Nifty BEES, Gold, Debt, Global
24. Daily, Weekly, & Monthly SIP in ETFs
25. Pledge ETFs in your Portfolio to get Money for Trading
26. MTF with 4X Leverage for Swing Trading ETFs
27. Separate ETF Dashboard for Tracking Returns
28. ₹0 Brokerage on ETF Investing
29. Trade All Currency Pairs: 4 INR & 3 Cross Currency
30. Trade All Commodities: Gold, Silver, Crude Oil, Natural Gas etc.
31. Trade Currencies & Commodities from Charts
32. Pre-Apply for Upcoming IPOs
33. Bid for Mainboard & SME IPOs
34. Invest in IPO at ₹0 Charges

Special Features Built by Dhan Broker to Solve Problems:

• Trade Options on TradingView.com only via Dhan
• Access & Trade NIFTY, NIFTY BANK, FINNIFTY from Charts
• Set Alerts on Losses and Over Trading with Trader’s Controls
• Evaluate what went right and wrong in your strategy with Traders Diary
• Save your Order and Execute later whenever you want with Draft Order

Incredible Dhan Features for Option Trading:

1. Readymade Option Strategies – Fast create and execute popular option strategies like Straddle, Strangle, Iron Condor, and many more with our options app.
2. Custom Strategy Builder – Create your own derivative trading strategies and execute them from the same platform. Simple. Convenient. Powerful option strategy builder!
3. Options Screener & Scanner – Identify and monitor scrips based on Volume, OI, Trends, Buildup, IV, and more with our option trading analysis app.
4. Outlook Based Ideas – Search scrips available for option trading ideas based on Bullish, Bearish, or Netural market outlook.
5. Realtime Pay-off Graph – Dhan app for option analysis helps you understand the potential P&L for your strategies before you execute them.
6. Dedicated Commodity & Currency Dashboard – If you are Trading Across Segments than you can Manage your positions in separate, dedicated dashboards.
7. Forever Order with OCO – Set a target price that stays active on Dhan FnO app until the specified price hits, including OCO for F&O trading.
8. Instant Pledge Margin – Pledge shares from your demat account to get more margin for f&o trading within minutes.
9. Option Chain – Trade calls and puts directly from the option chain with Greeks and other awesome insights on Dhan option trading app.
10. Synced Across All Dhan Platforms – All Dhan platforms are synced in real-time all across Positions, Orders, Basket, Margin & Funds, Portfolio, Charts, Watchlist and Tradebook.

Dhan mobile App have been downloaded on playstore for more than 1.5 million with a user rating of 4.5 which also shows the trust they have created among users within small time period.

Hence If you want a Safe & Trusted stock market app with Advanced Features, Fast Order Execution, Seamless Charts, Simple UI, and Helpful Customer Support? Dhan share market app has it all!

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.

Checkout the image below to know more:

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.

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.

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.

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 Vs Dhan Vs Groww which is better?

Dhan broker is a rising star and it is much better than both Zerodha and Groww If we do a overall comparison of various charges, features hence I would advise anyone to go with Dhan and avoid Zerodha and particularly Groww as of now.

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.

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.

Expressing my opinion in terms of all technological tools, advanced platforms, robust management I would rate Zerodha 8.9 out of 10. 

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 9.6 out of 10.

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.

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 out of 10.

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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