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Dhan Vs Fyers: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Dhan Max Rs 20 per trade while the brokerage of Fyers Max Rs 20 per trade. Both the brokers are Discount Brokers. Dhan is having overall lower rating compare to Fyers. Dhan is rated only 3 out of 5 where Fyers is rated 4 out of 5. Number of active customer for Dhan is 3,85,819 where number of active customer for Fyers is 2,14,075. Dhan is serving more customer compare to Fyers.

Here we present side-by-side comparison of Dhan vs Fyers share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Dhan vs Fyers's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Dhan vs Fyers share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Dhan vs Fyers's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Dhan vs Fyers on Service

  Dhan Compare
Dhan
Fyers Compare
Fyers
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX BSE, NSE, MCX
Active Clients 3,85,819 2,14,075
Broker Overview Open a free Dhan Demat and trading account and start trading at just Rs 20 brokerage on the lightning and superfast Dhan App, web, and Options Trader platform. It is the first broker to provide a dedicated options trading platform and allow Direct tr... Know more about Dhan Fyers is one of India's most popular brokers thanks to its best-in-class technology platforms, user-friendly interface (Fyers 2.0 app, Fyers Next, and Fyers One terminal), ultra-low brokerage (Rs 20/order), lowest NRI trading (Rs 50/order) and free i...Know more about Fyers
Broker Enquiry Request call back from Zerodha Request call back from Fyers
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Account Opening Charges and AMC

Compare Dhan vs Fyers on Trading & Demat Account Opening Charges

Comparison of Dhan with Fyers on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Both broker don't charge any AMC for Demat Account.

Trading & Demat Account Opening Charges - Compare Dhan with Fyers
Charges Dhan Fyers
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Dhan vs Fyers on Plan Options

Plans are the most important feature you look when compare Dhan with Fyers. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Dhan with Fyers on Plan Options
Plan Types Dhan Fyers
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Fyers
Account Opening Request
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Brokerage Charges

Compare Dhan vs Fyers on Brokerage Charges

Dhan Brokerage Plan detail - Dhan has a fixed Rs 20 brokerage plan that charges you a maximum of Rs 20 per order brokerage fee on trading in equity, derivatives, commodity, and currency. However, it provides free equity delivery at zero charges.

Fyers Brokerage Plan detail - Trade in any segment with Free delivery trading and competitive brokerage of max Rs 20 in all other segments.

Brokerage Charges - Compare Dhan with Fyers
Brokerage Charges Compare Dhan Fyers
Plan Name Dhan Brokerage Plan Max Rs 20 Per Order Trading Plan
Equity Delivery Free Free
Equity Intraday 0.03% or Rs 20 whichever is lower 0.03% or Rs 20 whichever is lower
Equity Futures 0.03% or Rs 20 whichever is lower 0.03% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.03% or Rs 20 whichever is lower 0.03% or Rs 20 whichever is lower
Currency Options Flat Fee Rs 20 Flat Fee Rs 20
Commodity Trading Flat Fee Rs 20 Flat Fee Rs 20
Minimum Brokerage No NIL
Hidden Charges No No
Funding Info Not Available No
Call & Trade Charges Rs 50 per order + GST Rs 50 Per Order
Auto Square off Charges Rs 20 per order + GST Rs 50 Per Order
Brokerage Calculator Brokerage Calculator for Dhan Brokerage Calculator for Fyers
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Share Broker's Transaction Charges

Compare Dhan vs Fyers on Transaction Charges

Compare Dhan with Fyers on transaction charges and PCM fee by segment.

Transaction Charges - Compare Dhan with Fyers
Transaction Charges Compare Dhan Fyers
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA NA
Brokerage Charges Complete Brokerage Plans for dhan Complete Brokerage Plans for fyers
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Account Features

Compare Dhan vs Fyers on Account Features

Compare Dhan with Fyers on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Dhan offers a margin funding where Fyers doesn't offers margin funding. NRI Trading - both doesn't offer NRI Trading facility.

Account Features - Dhan with Fyers
Account Features Compare Dhan Fyers
3 in 1 Account No Dhan have 2-in-1 account. Only Demate and Trading account. No Dhan have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity No Yes
Intraday Square-off Time 3:20 PM 3:15 PM
NRI Trading No No
Other Features NIL Fyers 30 Day Challenge
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Trading Platform

Compare Dhan vs Fyers on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Dhan and Fyers. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Dhan with Fyers
Trading Platform Compare Dhan Fyers
Desktop Trading Platform Dhan App, Web, Options Trader Fyers One
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://web.dhan.co/ Fyers Web
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App Dhan App Fyers 2.0 Mobile App
Mobile Trading App Demo Dhan App Demo Fyers 2.0 Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod Dhan App Download Andriod Fyers 2.0 Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Dhan App Download iOS Fyers 2.0 Mobile App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Dhan Equity Intraday and Delivery Brokerage Calculator for Fyers
Futures Brokerage Calculator Futures Brokerage Calculator for Dhan Futures Brokerage Calculator for Fyers
Options Brokerage Calculator Options Brokerage Calculator for Dhan Options Brokerage Calculator for Fyers
Detail Detail on Trading Platforms for dhan Detail on Trading Platforms for fyers

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Broker Ratings by Users

Compare Dhan vs Fyers on User Rating

  Dhan Fyers
  12 Customer Reviews    Rate Dhan 10 Customer Reviews    Rate Fyers
Fees Ratings 2.8 3.5
Trading Brokerage Rating 3.6 3.6
Trading Platform Usability 3.2 3.6
Customer Service Ratings 2.8 3.4
Overall Ratings 3.3 3.2
Broker Rating Dhan is Rated 3.3 / 5 based on 12 customer reviews Fyers is Rated 3.2 / 5 based on 10 customer reviews
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Investment Offerings

Compare Dhan vs Fyers on Investment Offerings

Compare Dhan with Fyers on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Fyers offers online mutual fund investment option where Dhan doesn't offer. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Dhan with Fyers
Investment Offerings Compare Dhan Fyers
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes Yes
Mutual Funds No Yes
Bond / NCD No No
ETF Yes Yes
Banking No No
Insurance No No
Forex No No
MF SIP Investment No Yes
Equity SIP Investment Yes No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Dhan vs Fyers on Order Types

Order Type - Compare Dhan with Fyers on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare Dhan with Fyers
Order Type Compare Dhan Fyers
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare Dhan vs Fyers on Customer Service

Compare Dhan with Fyers on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Dhan with Fyers
Customer Service Compare Dhan Fyers
24/7 Customer Service Dhan vs Fyers - 24x7 customer support No No
Email Support Dhan vs Fyers - Email Support Yes Yes
Onine Live Chat Dhan vs Fyers - Onine Live Chat Yes No
Phone Support Dhan vs Fyers - Phone Support Yes Yes
Toll Free Number Dhan vs Fyers - Toll Free Number No No
Through Branches Dhan vs Fyers - Through Branches No No
Customer Care Number Dhan vs Fyers - Customer Care Number 022-48906273 08060001111
Account Opening Process Dhan vs Fyers - Account Opening Process Zero 100% online and paperless proc
Customer Support Email Dhan vs Fyers - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Dhan vs Fyers - Knowledge Center/Education https://knowledge.dhan.co/support/home https://fyers.in/school-of-stocks/
Head Office Address Dhan vs Fyers - Head Office Address/Corporate Address
302, Western Edge l,
Off Western Express Highway,
Borivali East, Mumbai - 400066,
Maharashtra, India.
Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore - 560009
Website Dhan vs Fyers - Company Website https://dhan.co/ https://fyers.in/
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Tips/Research/Reports Published

Compare Dhan vs Fyers on Research Reports, Tips

Compare Dhan with Fyers on research reports and tips provided by the broker.

Research Reports - Compare Dhan with Fyers
  Dhan Fyers
Research Mutual Funds Dhan vs Fyers - Research Mutual Funds No No
Research Equity Reports Dhan vs Fyers - Research Equity Reports No No
Research ETF Dhan vs Fyers - Research ETF No No
Daily Market Report Dhan vs Fyers - Daily Market Report No No
Free Tips Dhan vs Fyers - Free Tips No No
Quarterly Result Analysis Dhan vs Fyers - Quarterly Results No No
News Alerts Dhan vs Fyers - No Yes
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Demat Account

Compare Dhan vs Fyers on Demat Account

Compare Dhan with Fyers on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Fyers is Free where for Dhan is Zero. Fyers is a better choice in terms of Demat AMC compare to Dhan.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Dhan is ₹12.5 per transaction where for Fyers is ₹7 + ₹5.50 (CDSL Charges) per transaction.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Dhan with Fyers
  Dhan Fyers
DP Source CDSL CDSL
DP ID Dhan vs Fyers - DP ID 289-2016 432-2019
Demat Account Annual Maintenance Charges(AMC) Zero Free
Advance Deposit Nil Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹12.5 per transaction ₹7 + ₹5.50 (CDSL Charges) per transaction
Demat ₹250 per certificate + courier charges ₹0
Remat ₹250 per certificate + courier charges ₹0
Pledge Creation ₹12.5 per transaction Nil
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹12.5 per transaction Nil
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹12.5 per transaction Nil
Failed Instruction Charges Nil Nil
Other Charges Nil Stamp Charges ₹50,
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Special Offers,Advantages,Disadvantages

Compare Dhan vs Fyers on Special Offers and Promotion

Compare Dhan with Fyers on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Dhan vs Fyers on Special Offers and Promotion
  Dhan Fyers
Pay In and Pay Out Options Dhan vs Fyers - Pay In and Pay Out Options UPI, Net banking, and Smart Fund Transfer using NEFT, RTGS, and IMPS Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Fyers Mobile, Fyers One and Fyers Web.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Dhan vs Fyers - Payout Time Fast withdrawal with IMPS, NEFT Withdrawal Up to 24 Hrs except for Bank Holidays.
Bank Supported and Charges Dhan vs Fyers - Bank Supported and Charges 24+ banks connected via payment gateway, Free pay in and Free Pay Out.
Bank Detail Fyers Securities,
Account Number:00090340002376
Bank and Branch: HDFC Bank,Kasturba Road, Bangalore
Account Type: Current Account
IFSC Code: HDFC0000009
Likes
  • No account opening fees.
  • No brokerage fees for investing in stocks, IPO, and ETF.
  • Rs 20 competitive brokerage plan.
  • TradingView charting platform.
  • Lightning, fast, and user-friendly Dhan app and web platform.
  • Powerful options trader app and web platform for F&O traders.
  • Instant withdrawal of funds to your bank account in just a few minutes.
  • Margin trading facility.
  • Start daily, weekly and monthly SIP in stocks and ETFs.
  • After-market order (AMO), Basket order, Bracket order (BO), Cover order (CO) and Forever order.
  • 50% brokerage discount to women traders and investors.

Detail Review...

  • Trade on BSE, NSE, and MCX
  • Free stocks and mutual funds investment
  • Rs 20 fixed brokerage on all segments
  • Invest in IPOs, OFS, SGBs, G-secs, and T-bills
  • Cheapest Rs 50/order brokerage on NRI trading
  • User-friendly mobile app and website for investors
  • Fyers Next and Fyers One high-speed trading terminal for traders
  • Fyers Thematic Investing: Invest in expert curated basket of stocks.
  • Start Algo trading Access with Fyers API for free
  • Bracket order, cover order, GTT, AMO, basket order
  • Fyers School of Stocks, a free stock market learning platform.
  • Margin calculator, brokerage calculator, SIP & Lumpsum calculator, etc.

Detail Review...

Dislikes
  • You cannot invest in mutual funds and sovereign gold bonds.
  • No installable trading terminal.
  • High fees for call & trade services.
  • Does not offer stock market trading tips, equity research & advisory.
  • You cannot open a 3-in-1 account in Dhan.
  • NRIs cannot open Dhan trading and demat accounts.

Detail Review...

  • No unlimited zero brokerage monthly plans
  • No 3-in-1 account offering
  • No mutual fund investment app
  • Research reports are not offered free

Detail Review...

Special Offers/Promo
Enquiry Open Zerodha Account Now>> Open Fyers Account Now>>

Last Updated on 2023-09-14T03:51:34+00:00