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IDBI Direct Vs Dhan: Which one is better?

Both the brokers are registered with SEBI. IDBI Direct offers investmenet in Equity, F&O and Currency only, where Dhan offers investment in Equity, F&O, Currency and Commodities.. The brokerage of IDBI Direct Max 0.02% to 0.20% per trade while the brokerage of Dhan ranges between Rs 20. IDBI Direct is a Full Service Broker where Dhan is a Discount Broker. IDBI Direct is having overall higher rating compare to Dhan. IDBI Direct is rated 3.5 out of 5 where Dhan is rated only 3 out of 5. Number of active customer for Dhan is 3,85,819 where number of active customer for IDBI Direct is 54,478. Dhan is serving more customer compare to IDBI Direct.

Here we present side-by-side comparison of IDBI Direct vs Dhan share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared IDBI Direct vs Dhan'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 IDBI Direct vs Dhan share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared IDBI Direct vs Dhan'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 IDBI Direct vs Dhan on Service

  IDBI Direct Compare
IDBI Direct
Dhan Compare
Dhan
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE BSE, NSE, MCX
Active Clients 54,478 3,85,819
Broker Overview Open an integrated 3-in-1 trading account with IDBI Direct to trade in a hassle-free manner. Multiple platforms for trading across devices, stock trading tips, ideas and research reports, NRI trading, and advisory services are the reasons to choose I... Know more about IDBI Direct 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
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare IDBI Direct vs Dhan on Trading & Demat Account Opening Charges

Comparison of IDBI Direct with Dhan on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Dhan offer Free AMC for Demat account where IDBI Direct charges Rs 350 PA [Free for 1st year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IDBI Direct with Dhan
Charges IDBI Direct Dhan
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 350 PA [Free for 1st year] Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IDBI Direct vs Dhan on Plan Options

Plans are the most important feature you look when compare IDBI Direct with Dhan. 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 IDBI Direct with Dhan on Plan Options
Plan Types IDBI Direct Dhan
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare IDBI Direct vs Dhan on Brokerage Charges

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

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.

Brokerage Charges - Compare IDBI Direct with Dhan
Brokerage Charges Compare IDBI Direct Dhan
Plan Name Flat Brokerage PLan Dhan Brokerage Plan
Equity Delivery 0.20% Free
Equity Intraday 0.02% 0.03% or Rs 20 whichever is lower
Equity Futures Flat Rs 15 per order 0.03% or Rs 20 whichever is lower
Equity Options Flat Rs 15 per order Flat Fee Rs 20
Currency Futures Flat Rs 15 per order 0.03% or Rs 20 whichever is lower
Currency Options Flat Rs 15 per order Flat Fee Rs 20
Commodity Trading NA Flat Fee Rs 20
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. No
Hidden Charges Info Not Available No
Funding Info Not Available Info Not Available
Call & Trade Charges Free Rs 50 per order + GST
Auto Square off Charges NA Rs 20 per order + GST
Brokerage Calculator Brokerage Calculator for IDBI Direct Brokerage Calculator for Dhan
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Share Broker's Transaction Charges

Compare IDBI Direct vs Dhan on Transaction Charges

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

Transaction Charges - Compare IDBI Direct with Dhan
Transaction Charges Compare IDBI Direct Dhan
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 idbicapital Complete Brokerage Plans for dhan
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Account Features

Compare IDBI Direct vs Dhan on Account Features

Compare IDBI Direct with Dhan on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - IDBI Direct offers 3-in-1 account where Dhan offers only 2-in-1 account which includes trading and demat account. Algo Trading - Dhan offers Algo Trading where IDBI Direct doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - IDBI Direct offers NRI where Dhan doesn't offers NRI Trading.

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

Compare IDBI Direct vs Dhan on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IDBI Direct and Dhan. 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 IDBI Direct with Dhan
Trading Platform Compare IDBI Direct Dhan
Desktop Trading Platform Infinity Dhan App, Web, Options Trader
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) Yes No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.idbicapital.com/ https://web.dhan.co/
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App IDBI Direct Mobile App Dhan App
Mobile Trading App Demo Info Not Available Dhan App Demo
Android Mobile App Yes Yes
Android App Download Andriod IDBI Direct Mobile App Download Andriod Dhan App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS IDBI Direct Mobile App Download iOS Dhan 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 IDBI Direct Equity Intraday and Delivery Brokerage Calculator for Dhan
Futures Brokerage Calculator Futures Brokerage Calculator for IDBI Direct Futures Brokerage Calculator for Dhan
Options Brokerage Calculator Options Brokerage Calculator for IDBI Direct Options Brokerage Calculator for Dhan
Detail Detail on Trading Platforms for idbicapital Detail on Trading Platforms for dhan

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Broker Ratings by Users

Compare IDBI Direct vs Dhan on User Rating

  IDBI Direct Dhan
  31 Customer Reviews    Rate IDBI Direct 12 Customer Reviews    Rate Dhan
Fees Ratings 3.0 2.8
Trading Brokerage Rating 2.5 3.6
Trading Platform Usability 2.6 3.2
Customer Service Ratings 2.7 2.8
Overall Ratings 2.7 3.3
Broker Rating IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews Dhan is Rated 3.3 / 5 based on 12 customer reviews
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Investment Offerings

Compare IDBI Direct vs Dhan on Investment Offerings

Compare IDBI Direct with Dhan 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 - Dhan offers trading options in Commodity (MCX) where IDBI Direct doesn't offer. Online Mutual Fund Investment - IDBI Direct 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 IDBI Direct with Dhan
Investment Offerings Compare IDBI Direct Dhan
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No Yes
Online IPO Application Yes Yes
Mutual Funds Yes No
Bond / NCD Yes No
ETF Yes Yes
Banking Yes No
Insurance Yes No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment Yes Yes
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare IDBI Direct vs Dhan on Order Types

Order Type - Compare IDBI Direct with Dhan 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 IDBI Direct with Dhan
Order Type Compare IDBI Direct Dhan
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 IDBI Direct vs Dhan on Customer Service

Compare IDBI Direct with Dhan 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 IDBI Direct with Dhan
Customer Service Compare IDBI Direct Dhan
24/7 Customer Service IDBI Direct vs Dhan - 24x7 customer support No No
Email Support IDBI Direct vs Dhan - Email Support Yes Yes
Onine Live Chat IDBI Direct vs Dhan - Onine Live Chat No Yes
Phone Support IDBI Direct vs Dhan - Phone Support Yes Yes
Toll Free Number IDBI Direct vs Dhan - Toll Free Number Yes No
Through Branches IDBI Direct vs Dhan - Through Branches Yes No
Customer Care Number IDBI Direct vs Dhan - Customer Care Number 022-3913 5001 022-48906273
Account Opening Process IDBI Direct vs Dhan - Account Opening Process Info Not Available Zero
Customer Support Email IDBI Direct vs Dhan - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IDBI Direct vs Dhan - Knowledge Center/Education Info Not Available https://knowledge.dhan.co/support/home
Head Office Address IDBI Direct vs Dhan - Head Office Address/Corporate Address Info Not Available
302, Western Edge l,
Off Western Express Highway,
Borivali East, Mumbai - 400066,
Maharashtra, India.
Website IDBI Direct vs Dhan - Company Website https://www.idbidirect.in/ https://dhan.co/
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Tips/Research/Reports Published

Compare IDBI Direct vs Dhan on Research Reports, Tips

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

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

Compare IDBI Direct vs Dhan on Demat Account

Compare IDBI Direct with Dhan 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 Dhan is Zero where for IDBI Direct is ₹350 pa.

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 IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + CDSL charges where for Dhan is ₹12.5 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 IDBI Direct with Dhan
  IDBI Direct Dhan
DP Source CDSL CDSL
DP ID IDBI Direct vs Dhan - DP ID No 289-2016
Demat Account Annual Maintenance Charges(AMC) ₹350 pa Zero
Advance Deposit NO Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value or ₹30 whichever is higher + CDSL charges ₹12.5 per transaction
Demat ₹5 per certificate + ₹30 courier charges ₹250 per certificate + courier charges
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges ₹250 per certificate + courier charges
Pledge Creation 0.05% of transaction value or ₹50 whichever is higher ₹12.5 per transaction
Pledge Creation Confirmation Nil Nil
Pledge Closure 0.0002% of transaction value or ₹25 whichever is higher ₹12.5 per transaction
Pledge Closure Confirmation 0.0002% of transaction value or ₹25 whichever is higher Nil
Pledge Invocation 0.0015% of transaction value or ₹25 whichever is higher ₹12.5 per transaction
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IDBI Direct vs Dhan on Special Offers and Promotion

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

Compare IDBI Direct vs Dhan on Special Offers and Promotion
  IDBI Direct Dhan
Pay In and Pay Out Options IDBI Direct vs Dhan - Pay In and Pay Out Options Info Not Available UPI, Net banking, and Smart Fund Transfer using NEFT, RTGS, and IMPS
Payout Time IDBI Direct vs Dhan - Payout Time Info Not Available Fast withdrawal with IMPS, NEFT Withdrawal
Bank Supported and Charges IDBI Direct vs Dhan - Bank Supported and Charges Info Not Available
Bank Detail Info Not Available
Likes
  • 3-in-1 account opening.
  • Zero brokerage for the first 3 months.
  • Zero AMC for the first year.
  • Competitive brokerage
  • Paperless investment in mutual funds.
  • Equity SIP facility in shares (Amount based SIP and quantity-based SIP).
  • Leverage/margin trading with E-margin.
  • Encash – BSE feature to instantly get sale proceeds.
  • Dealer-assisted trading and free call & trade
  • Place aftermarket order, bracket order, and cover order.
  • Place Good Till Date (GTD)
  • Buy today Sell Tomorrow (BTST)

Detail Review...

  • 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...

Dislikes
  • Does not offer commodity trading.
  • The user interface of the trading platforms can be improved.
  • Customer service needs a lot of improvement.

Detail Review...

  • 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...

Special Offers/Promo
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Last Updated on 2023-08-21T03:25:00+00:00