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HDFC Sky 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 HDFC Sky Max Rs 20 per trade while the brokerage of Dhan Max Rs 20 per trade. Both the brokers are Discount Brokers. HDFC Sky is having overall higher rating compare to Dhan. HDFC Sky is rated 4 out of 5 where Dhan is rated only 3 out of 5. Number of active customer for HDFC Sky is 10,97,747 where number of active customer for Dhan is 4,69,961. HDFC Sky is serving more customer compare to Dhan.

Here we present side-by-side comparison of HDFC Sky 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 HDFC Sky 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 HDFC Sky 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 HDFC Sky 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 HDFC Sky vs Dhan on Service

	HDFC Sky	Dhan
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type	Discount Broker	Discount Broker
Exchanges Supported	NSE, BSE, MCX	BSE, NSE, MCX
Active Clients	10,97,747	4,69,961
Broker Overview	HDFC Sky is the only bank-based discount stock broker in India. Free demat and trading account opening, Rs 20/order maximum brokerage charges across all segments, simple yet elegant user interface enabled HDFC Sky mobile app, and free research & advi...	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...
Broker Enquiry

Account Opening Charges and AMC

Compare HDFC Sky vs Dhan on Trading & Demat Account Opening Charges

Comparison of HDFC Sky 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 HDFC Sky charges Rs 240 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare HDFC Sky with Dhan

Charges	HDFC Sky	Dhan
Trading Account Opening Fees	Free	Free
Trading AMC	Free	Free
Demat Account Opening Fees	Free	Free
Demat AMC	Rs 240 PA (Free for 1st year)	Free
Provide DP Service

About Brokerage Plans

Compare HDFC Sky vs Dhan on Plan Options

Plans are the most important feature you look when compare HDFC Sky 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 HDFC Sky with Dhan on Plan Options

Plan Types	HDFC Sky	Dhan
Multiple Plans
Monthly Plans
Yearly Plans

Account Opening Request

Account Opening

Brokerage Charges

Compare HDFC Sky vs Dhan on Brokerage Charges

HDFC Sky Brokerage Plan detail - HDFC Sky follows a fixed pricing model that charges a maximum of Rs 20 per order brokerage fee 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.

Share Broker's Transaction Charges

Compare HDFC Sky vs Dhan on Transaction Charges

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

Account Features

Compare HDFC Sky vs Dhan on Account Features

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

Account Features - HDFC Sky with Dhan

Account Features Compare	HDFC Sky	Dhan
3 in 1 Account
Charting
Algo Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Intraday Square-off Time	3:15PM	3:20 PM
NRI Trading
Other Features	NIL	NIL

Trading Platform

Compare HDFC Sky vs Dhan on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w HDFC Sky 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 HDFC Sky with Dhan

Trading Platform Compare	HDFC Sky	Dhan
Desktop Trading Platform	HDFC Sky	Dhan App, Web, Options Trader
Desktop Demo	Desktop Demo	Desktop Demo
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detail	https://hdfcsky.com/	https://web.dhan.co/
Web Trading Demo	Web Trading Demo	Web Trading Demo
Mobile Site
Mobile Trading
Mobile Trading App	HDFC Sky App	Dhan App
Mobile Trading App Demo	HDFC Sky App Demo	Dhan App Demo
Android Mobile App
Android App Download	Andriod HDFC Sky App Download	Andriod Dhan App Download
iPhone Mobile App (IOS)
iOS App Download	iOS HDFC Sky App Download	iOS Dhan App Download
Android Tablet App
iPad App (IOS)
Trading Software Charges	Free	Free
Equity Brokerage Calculator	Equity Intraday and Delivery Brokerage Calculator for HDFC Sky	Equity Intraday and Delivery Brokerage Calculator for Dhan
Futures Brokerage Calculator	Futures Brokerage Calculator for HDFC Sky	Futures Brokerage Calculator for Dhan
Options Brokerage Calculator	Options Brokerage Calculator for HDFC Sky	Options Brokerage Calculator for Dhan
Detail	Detail on Trading Platforms for hdfc-sky	Detail on Trading Platforms for dhan

Broker Ratings by Users

Compare HDFC Sky vs Dhan on User Rating

	HDFC Sky	Dhan
	97 Customer Reviews	12 Customer Reviews
Fees Ratings	2.4	2.8
Trading Brokerage Rating	2.1	3.6
Trading Platform Usability	2.9	3.2
Customer Service Ratings	2.8	2.8
Overall Ratings	2.4	3.3
Broker Rating	HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews	Dhan is Rated 3.3 / 5 based on 12 customer reviews

Investment Offerings

Compare HDFC Sky vs Dhan on Investment Offerings

Compare HDFC Sky 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 - HDFC Sky 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 HDFC Sky with Dhan

Investment Offerings Compare	HDFC Sky	Dhan
Equity Cash and F&O
Currency Deravitives
Commodity
Online IPO Application
Mutual Funds
Bond / NCD
ETF
Banking
Insurance
Forex
MF SIP Investment
Equity SIP Investment
PMS Service
Other Investment Options	NIL	NIL

Order Types

Compare HDFC Sky vs Dhan on Order Types

Order Type - Compare HDFC Sky 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)- Dhan offers After market orders where HDFC Sky doesn't offers AMO. 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 HDFC Sky with Dhan

Order Type Compare	HDFC Sky	Dhan
CNC order
MIS order
NRML order
Cover order
Bracket order
AMO-After Market Orders
GTC-Good Till Cancelled

Customer Service Offered

Compare HDFC Sky vs Dhan on Customer Service

Compare HDFC Sky 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 HDFC Sky with Dhan

Customer Service Compare	HDFC Sky	Dhan
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches
Customer Care Number	1800 121 2109	022-48906273
Account Opening Process	Online	Zero
Customer Support Email	[email protected]	[email protected]
Knowledge Center/Education	https://hdfcsky.com/learn	https://knowledge.dhan.co/support/home
Head Office Address	LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA, 8 FLR, NEAR KANJURMARG RLYSTN, KANJURMARG, MUMBAI-MH-400042	302, Western Edge l, Off Western Express Highway, Borivali East, Mumbai - 400066, Maharashtra, India.
Website	https://hdfcsky.com/	https://dhan.co/

Tips/Research/Reports Published

Compare HDFC Sky vs Dhan on Research Reports, Tips

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

Research Reports - Compare HDFC Sky with Dhan

	HDFC Sky	Dhan
Research Mutual Funds
Research Equity Reports
Research ETF
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Demat Account

Compare HDFC Sky vs Dhan on Demat Account

Compare HDFC Sky 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 HDFC Sky is ₹750 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 HDFC Sky is 0.04% (Min ₹20) + 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 HDFC Sky with Dhan

	HDFC Sky	Dhan
DP Source	CDSL	CDSL
DP ID	CDSL: 1209	289-2016
Demat Account Annual Maintenance Charges(AMC)	₹750 pa	Zero
Advance Deposit	Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/-	Nil
Statutory charges	Nil	Nil
Transaction Charges on Debit (Per ISIN)	0.04% (Min ₹20) + CDSL charges	₹12.5 per transaction
Demat	₹5 per certificate + ₹35 request charges	₹250 per certificate + courier charges
Remat	₹30	₹250 per certificate + courier charges
Pledge Creation	Nil	₹12.5 per transaction
Pledge Creation Confirmation	0.04% of transaction value (Min ₹40)	Nil
Pledge Closure	Nil	₹12.5 per transaction
Pledge Closure Confirmation	0.04% of transaction value (Min ₹40)	Nil
Pledge Invocation	0.04% of transaction value (Min ₹40)	₹12.5 per transaction
Failed Instruction Charges	Nil	Nil
Other Charges	Nil	Nil

Special Offers,Advantages,Disadvantages

Compare HDFC Sky vs Dhan on Special Offers and Promotion

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

Compare HDFC Sky vs Dhan on Special Offers and Promotion

	HDFC Sky	Dhan
Pay In and Pay Out Options	Pay-in/adding funds - Cheque, Online Bank Transfer from HDFC Bank. Pay-out/Fund Withdrawal - Bank Transfer only.	UPI, Net banking, and Smart Fund Transfer using NEFT, RTGS, and IMPS
Payout Time	Instant to HDFC Bank.	Fast withdrawal with IMPS, NEFT Withdrawal
Bank Supported and Charges	Info Not Available
Bank Detail	Direct from your HDFC bank account.
Likes	Want to know why to trade with HDFC Sky, here are the promising reasons; Instant paperless account opening Zero account opening charges and no maintenance fee for 1st year Invest in equity, F&O, currencies, and commodities Invest in 2000+ mutual funds from 29+ fund houses Lowest brokerage fee of Rs 20/order Zero commission mutual fund investment. Invest in expert-recommended mutual fund schemes. Global market investment in US stocks and ETFs Stacks: Expert-curated basket of US Stocks and ETFs Trade on HDFC Sky app or web as per your convenience Place advance orders like basket orders, bracket order, cover order, and GTT order. Free research reports and daily trading calls or tips. Learning platform for newbies to experts No minimum balance commitments No hidden charges 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	Delivery trading is not free while Zerodha offers free delivery trading Desktop trading software is not available Direct mutual funds are not offered. 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 Zerodha Account Now>>	Open Zerodha Account Now>>