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IIFL Securities Vs Dhan: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of IIFL Securities Max Rs 20 per trade while the brokerage of Dhan ranges between Rs 20. IIFL Securities is a Full Service Broker where Dhan is a Discount Broker. IIFL Securities is having overall higher rating compare to Dhan. IIFL Securities is rated 4 out of 5 where Dhan is rated only 3 out of 5. Number of active customer for IIFL Securities is 4,26,451 where number of active customer for Dhan is 3,85,819. IIFL Securities is serving more customer compare to Dhan.

Here we present side-by-side comparison of IIFL Securities 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 IIFL Securities 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 IIFL Securities 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 IIFL Securities 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 IIFL Securities vs Dhan on Service

  IIFL Securities Compare
IIFL Securities
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? BSE, NSE, MCX, NCDEX BSE, NSE, MCX
Active Clients 4,26,451 3,85,819
Broker Overview IIFL (India Infoline) is one of the prominent full-service brokers in India backed by complete investment planning solutions, cutting-edge technology platforms (IIFL Markets app and Trader Terminal), the industry’s best research & advisory,... Know more about IIFL Securities 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 IIFL Securities Request call back from Zerodha
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Account Opening Charges and AMC

Compare IIFL Securities vs Dhan on Trading & Demat Account Opening Charges

Comparison of IIFL Securities 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 IIFL Securities charges Rs 250 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IIFL Securities with Dhan
Charges IIFL Securities Dhan
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 250 PA (Free for 1st year) Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IIFL Securities vs Dhan on Plan Options

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

Account Opening

  IIFL Securities Zerodha
Account Opening Request
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Brokerage Charges

Compare IIFL Securities vs Dhan on Brokerage Charges

IIFL Securities Brokerage Plan detail - IIFL iSERVE flat discount brokerage plan charges a maximum of Rs. 20 per order brokerage across segments.

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 IIFL Securities with Dhan
Brokerage Charges Compare IIFL Securities Dhan
Plan Name IIFL iSERVE Brokerage Plan Dhan Brokerage Plan
Equity Delivery Flat Rs 20 per order Free
Equity Intraday Flat Rs 20 per order 0.03% or Rs 20 whichever is lower
Equity Futures Flat Rs 20 per order 0.03% or Rs 20 whichever is lower
Equity Options Flat Rs 20 per order Flat Fee Rs 20
Currency Futures Flat Rs 20 per order 0.03% or Rs 20 whichever is lower
Currency Options Flat Rs 20 per order Flat Fee Rs 20
Commodity Trading Flat Rs 20 per order Flat Fee Rs 20
Minimum Brokerage NIL No
Hidden Charges Info Not Available No
Funding Yes - 18% interest PA Info Not Available
Call & Trade Charges Rs 50 Per Call + GST Rs 50 per order + GST
Auto Square off Charges Rs 50 Per Call + GST Rs 20 per order + GST
Brokerage Calculator Brokerage Calculator for IIFL Securities Brokerage Calculator for Dhan
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Share Broker's Transaction Charges

Compare IIFL Securities vs Dhan on Transaction Charges

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

Transaction Charges - Compare IIFL Securities with Dhan
Transaction Charges Compare IIFL Securities 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 Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr NA
Brokerage Charges Complete Brokerage Plans for iifl-securities Complete Brokerage Plans for dhan
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Account Features

Compare IIFL Securities vs Dhan on Account Features

Compare IIFL Securities with Dhan 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 - Dhan offers Algo Trading where IIFL Securities doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - IIFL Securities offers NRI where Dhan doesn't offers NRI Trading.

Account Features - IIFL Securities with Dhan
Account Features Compare IIFL Securities Dhan
3 in 1 Account No IIFL Securities have 2-in-1 account. Only Demate and Trading account. No IIFL Securities 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 Yes 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 IIFL Securities vs Dhan on Trading Platform

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

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Broker Ratings by Users

Compare IIFL Securities vs Dhan on User Rating

  IIFL Securities Dhan
  82 Customer Reviews    Rate IIFL Securities 12 Customer Reviews    Rate Dhan
Fees Ratings 3.1 2.8
Trading Brokerage Rating 2.9 3.6
Trading Platform Usability 3.4 3.2
Customer Service Ratings 2.9 2.8
Overall Ratings 2.8 3.3
Broker Rating IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews Dhan is Rated 3.3 / 5 based on 12 customer reviews
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Investment Offerings

Compare IIFL Securities vs Dhan on Investment Offerings

Compare IIFL Securities 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 - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - IIFL Securities offers online mutual fund investment option where Dhan doesn't offer. Portfolio Management Services (PMS) - IIFL Securities provide PMS Service where Dhan doesn't offer

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

Compare IIFL Securities vs Dhan on Order Types

Order Type - Compare IIFL Securities 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) - Dhan provides Bracket Orders (BO) where IIFL Securities doesn't offer.With the name its cleare 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 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 IIFL Securities with Dhan
Order Type Compare IIFL Securities Dhan
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order No Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare IIFL Securities vs Dhan on Customer Service

Compare IIFL Securities 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 IIFL Securities with Dhan
Customer Service Compare IIFL Securities Dhan
24/7 Customer Service IIFL Securities vs Dhan - 24x7 customer support Yes No
Email Support IIFL Securities vs Dhan - Email Support Yes Yes
Onine Live Chat IIFL Securities vs Dhan - Onine Live Chat Yes Yes
Phone Support IIFL Securities vs Dhan - Phone Support Yes Yes
Toll Free Number IIFL Securities vs Dhan - Toll Free Number Yes No
Through Branches IIFL Securities vs Dhan - Through Branches Yes No
Customer Care Number IIFL Securities vs Dhan - Customer Care Number 022-40071000 022-48906273
Account Opening Process IIFL Securities vs Dhan - Account Opening Process Online/Paperless Zero
Customer Support Email IIFL Securities vs Dhan - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IIFL Securities vs Dhan - Knowledge Center/Education https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx https://knowledge.dhan.co/support/home
Head Office Address IIFL Securities vs Dhan - Head Office Address/Corporate Address IIFL House, Sun Infotech Park,
Road No. 16V, Plot No. B-23,
MIDC, Thane Industrial Area,
Wagle Estate, Thane-MH-400604

302, Western Edge l,
Off Western Express Highway,
Borivali East, Mumbai - 400066,
Maharashtra, India.
Website IIFL Securities vs Dhan - Company Website https://www.indiainfoline.com/ https://dhan.co/
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Tips/Research/Reports Published

Compare IIFL Securities vs Dhan on Research Reports, Tips

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

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

Compare IIFL Securities vs Dhan on Demat Account

Compare IIFL Securities 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 IIFL Securities is ₹400 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 IIFL Securities is 0.04% of transaction value (Min ₹25) + ₹5.50 (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 IIFL Securities with Dhan
  IIFL Securities Dhan
DP Source CDSL CDSL
DP ID IIFL Securities vs Dhan - DP ID 44700 289-2016
Demat Account Annual Maintenance Charges(AMC) ₹400 pa Zero
Advance Deposit Nil Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) ₹12.5 per transaction
Demat ₹15 per certificate + ₹40 courier charges ₹250 per certificate + courier charges
Remat ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges ₹250 per certificate + courier charges
Pledge Creation ₹50 ₹12.5 per transaction
Pledge Creation Confirmation Nil Nil
Pledge Closure Nil ₹12.5 per transaction
Pledge Closure Confirmation Nil Nil
Pledge Invocation Nil ₹12.5 per transaction
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IIFL Securities vs Dhan on Special Offers and Promotion

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

Compare IIFL Securities vs Dhan on Special Offers and Promotion
  IIFL Securities Dhan
Pay In and Pay Out Options IIFL Securities vs Dhan - Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from TradeTerminal or TTWeb or Mobile App.
Pay-out/Fund Withdrawal - Bank Transfer only
UPI, Net banking, and Smart Fund Transfer using NEFT, RTGS, and IMPS
Payout Time IIFL Securities vs Dhan - Payout Time Max 24 hrs except bank holidays, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999. Fast withdrawal with IMPS, NEFT Withdrawal
Bank Supported and Charges IIFL Securities vs Dhan - Bank Supported and Charges Around 23 banks allow instant credit facility (Payment Gateway) with charges of Rs 9 from IIFL trading platforms.
Bank Detail India Infoline Ltd
Account No.:IILEQ1XXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0CMSNOC
Likes
  • Hassle-free onboarding process at zero paperwork.
  • Zero Demat AMC for 1 year.
  • Lowest brokerage online trading at just Rs. 20/order
  • Free state-of-the-art mobile app, web, and desktop trading software.
  • Paperless mutual fund investment at zero brokerage.
  • Smart tools like order slicing, equitySIP, futures & options strategy builder, algo trading, advanced screeners, etc.
  • Comprehensive equity and mutual funds research.
  • Pre-IPO apply
  • Place bracket order (BO), cover order (CO), aftermarket order (AMO), and Valid Till Date (VTD) order.
  • Margin trading facility.
  • Blogs and knowledge center for beginners.

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
  • IIFL not being a part of any banking organization does not provide a 3-in-1 account opening facility to trade with ease and flexibility.
  • If you only invest in stocks (Delivery, CNC order) then Zerodha and Prostocks are the best brokers who offer free delivery trading.

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
Enquiry Open IIFL Securities Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-14T04:42:55+00:00