Broker Comparison |
Dhan(3.7) Open Account |
Zerodha(3.8) Open Account |
Groww(3.1) Open Account |
|---|---|---|---|
| Basic Details | |||
| Broker Type | |||
| Broker Type | Discount Broker | Discount Broker | Discount Broker |
| Account Opening | |||
| Account Opening | Free | ₹ 300 | Free |
| Account Maintenance | |||
| Account Maintenance | Free | ₹ 300 | Free |
| Broker Ratings | |||
| Usability | |||
| Usability | (3.5) | (4) | (3) |
| Charged | |||
| Charged | (3.5) | (4) | (3) |
| Customer Service | |||
| Customer Service | (4.2) | (3.5) | (3.5) |
Groww is a popular, SEBI registered investment adviser. All personal information entered on the platform is stored using 256-bit encryption. Also, all transactions are done through Asset management companies (AMCs) for mutual funds & Bombay Stock Exchange (BSE) for stocks, which means that at no stage does your money reach the company itself.
The Demat account and trading account opening charges with Groww are free. The annual maintenance charge is also free. Additionally, there is no margin money requirement.
Groww charges an Rs.20 per order or 0.05% whichever is low for Equity Delivery, Equity Intraday, Equity Futures, Equity Options. Commodity & Currency trading is presently not available with Groww.
Groww is a discount broker which is aimed at providing modern online-based financial solutions to its clients at a minimal cost.
Zerodha Kite is Zerodha’s online trading platform, which was built in 2015. It is a web-based, lightweight platform which can be used for trading on mobile, tablets as well as desktop browsers. The KITE platform facilitates trading in 11 languages. Kite mobile is currently available in the Android version & iOS on Google Play store. It has advanced technical analysis charting with more than 100 charting indicators and unlimited data for different stocks.
Zerodha provides a range of mobile apps for its customers based on different services. These include:
Zerodha Kite: Online trading platform for stock and commodity trading
Zerodha Coin: For mutual funds investments
Zerodha Varsity: Stock marketing lessons
Zerodha Sentinel: Market alerts and monitoring for stocks, futures and options on the cloud
Pulse by Zerodha: For latest market news and updates.
Zerodha is one of the leading and most popular stock brokers in India, with a massive client base created over years. Beginners often prefer trading with the cheapest brokers, and Zerodha, with a flat fee model at Rs 20, fits perfectly in this parameter. Additionally, Zerodha also provides online education apps, support portal, and discussion forums which prove to be of great assistance to beginner level investors. However, Zerodha being a discount broker does not assist with research, advisory or recommendations. This makes it a challenge for new investors who often find it difficult to make these decisions.
Overall, considering the many helpful services it offers, Zerodha can be considered as a good option for beginner level investors.
Dhan App is an online investing and trading platform created by Raise Financial Services, a fintech startup founded by Pravin Jadhav.
Pravin Jadhav, founder of Raise Financial Services is the owner of Dhan App.
Account opening on Dhan App is free. The platform does not charge an AMC either.
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