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Dhan Vs Marwadi Group: 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 Marwadi Group ranges between 0.06% to 0.30%. Dhan is a Discount Broker where Marwadi Group is a Full Service Broker. Dhan is having overall lower rating compare to Marwadi Group. Dhan is rated only 3 out of 5 where Marwadi Group is rated 3.5 out of 5. Number of active customer for Dhan is 4,34,798 where number of active customer for Marwadi Group is 1,26,599. Dhan is serving more customer compare to Marwadi Group.

Here we present side-by-side comparison of Dhan vs Marwadi Group 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 Marwadi Group'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 Marwadi Group 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 Marwadi Group'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 Marwadi Group on Service

  Dhan Compare
Dhan
Marwadi Group Compare
Marwadi Group
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Active Clients 4,34,798 1,26,599
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 Open a free demat & trading account with Marwadi Financial to trade and invest across multiple asset classes on the user-friendly web, app, and desktop platforms, access free research & advisory, and portfolio management services.
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Dhan vs Marwadi Group on Trading & Demat Account Opening Charges

Comparison of Dhan with Marwadi Group 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 Marwadi Group charges Rs 250 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Dhan with Marwadi Group
Charges Dhan Marwadi Group
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 250 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Dhan vs Marwadi Group on Plan Options

Plans are the most important feature you look when compare Dhan with Marwadi Group. 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 Marwadi Group on Plan Options
Plan Types Dhan Marwadi Group
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 Dhan vs Marwadi Group 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.

Marwadi Group Brokerage Plan detail - This is a standard plan by the Marwadi Group. This is a percentage-based brokerage plan.

Brokerage Charges - Compare Dhan with Marwadi Group
Brokerage Charges Compare Dhan Marwadi Group
Plan Name Dhan Brokerage Plan Basic Trading Plan (Percentage Based)
Equity Delivery Free 0.30%
Equity Intraday 0.03% or Rs 20 whichever is lower 0.06%
Equity Futures 0.03% or Rs 20 whichever is lower 0.02%
Equity Options Flat Fee Rs 20 Rs 100 Per Lot
Currency Futures 0.03% or Rs 20 whichever is lower 0.02%
Currency Options Flat Fee Rs 20 Rs 100 Per Lot
Commodity Trading Flat Fee Rs 20 Rs 100 Per Lot
Minimum Brokerage No NIL
Hidden Charges No Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges Rs 50 per order + GST NA
Auto Square off Charges Rs 20 per order + GST NA
Brokerage Calculator Brokerage Calculator for Dhan Brokerage Calculator for Marwadi Group
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Share Broker's Transaction Charges

Compare Dhan vs Marwadi Group on Transaction Charges

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

Transaction Charges - Compare Dhan with Marwadi Group
Transaction Charges Compare Dhan Marwadi Group
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 Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for dhan Complete Brokerage Plans for marwadi-group
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Account Features

Compare Dhan vs Marwadi Group on Account Features

Compare Dhan with Marwadi Group 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 - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - both doesn't offer NRI Trading facility.

Account Features - Dhan with Marwadi Group
Account Features Compare Dhan Marwadi Group
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 Yes
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 3:20 PM 3:15PM
NRI Trading No No
Other Features NIL NIL
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Trading Platform

Compare Dhan vs Marwadi Group on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Dhan and Marwadi Group. 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 Marwadi Group
Trading Platform Compare Dhan Marwadi Group
Desktop Trading Platform Dhan App, Web, Options Trader Marwadi ODIN Diet
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://web.dhan.co/ https://mtrade.marwadionline.com/html5/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Dhan App MSFL Connect
Mobile Trading App Demo Dhan App Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Dhan App Download Andriod MSFL Connect Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Dhan App Download iOS MSFL Connect Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Dhan Equity Intraday and Delivery Brokerage Calculator for Marwadi Group
Futures Brokerage Calculator Futures Brokerage Calculator for Dhan Futures Brokerage Calculator for Marwadi Group
Options Brokerage Calculator Options Brokerage Calculator for Dhan Options Brokerage Calculator for Marwadi Group
Detail Detail on Trading Platforms for dhan Detail on Trading Platforms for marwadi-group

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Broker Ratings by Users

Compare Dhan vs Marwadi Group on User Rating

  Dhan Marwadi Group
  12 Customer Reviews    Rate Dhan 3 Customer Reviews    Rate Marwadi Group
Fees Ratings 2.8 2.7
Trading Brokerage Rating 3.6 2.3
Trading Platform Usability 3.2 2.0
Customer Service Ratings 2.8 2.3
Overall Ratings 3.3 2.7
Broker Rating Dhan is Rated 3.3 / 5 based on 12 customer reviews Marwadi Group is Rated 2.7 / 5 based on 3 customer reviews
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Investment Offerings

Compare Dhan vs Marwadi Group on Investment Offerings

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

Compare Dhan vs Marwadi Group on Order Types

Order Type - Compare Dhan with Marwadi Group 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) - Dhan provide Cover Orders (CO) where Marwadi Group doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Dhan provide Bracket Orders (BO) where Marwadi Group 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- Dhan offers Good Till Cancelled (GTC) orders where Marwadi Group doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Dhan with Marwadi Group
Order Type Compare Dhan Marwadi Group
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare Dhan vs Marwadi Group on Customer Service

Compare Dhan with Marwadi Group 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 Marwadi Group
Customer Service Compare Dhan Marwadi Group
24/7 Customer Service Dhan vs Marwadi Group - 24x7 customer support No No
Email Support Dhan vs Marwadi Group - Email Support Yes Yes
Onine Live Chat Dhan vs Marwadi Group - Onine Live Chat Yes No
Phone Support Dhan vs Marwadi Group - Phone Support Yes Yes
Toll Free Number Dhan vs Marwadi Group - Toll Free Number No No
Through Branches Dhan vs Marwadi Group - Through Branches No Yes
Customer Care Number Dhan vs Marwadi Group - Customer Care Number 022-48906273 +91-281-6192000/+91-281-7174000
Account Opening Process Dhan vs Marwadi Group - Account Opening Process Zero Info Not Available
Customer Support Email Dhan vs Marwadi Group - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Dhan vs Marwadi Group - Knowledge Center/Education https://knowledge.dhan.co/support/home https://www.marwadionline.com/blog/
Head Office Address Dhan vs Marwadi Group - Head Office Address/Corporate Address
302, Western Edge l,
Off Western Express Highway,
Borivali East, Mumbai - 400066,
Maharashtra, India.
Info Not Available
Website Dhan vs Marwadi Group - Company Website https://dhan.co/ https://www.marwadionline.com/
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Tips/Research/Reports Published

Compare Dhan vs Marwadi Group on Research Reports, Tips

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

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

Compare Dhan vs Marwadi Group on Demat Account

Compare Dhan with Marwadi Group 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 Marwadi Group is ₹250 pa where for Dhan is Zero.

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 Marwadi Group is ₹25.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 Marwadi Group
  Dhan Marwadi Group
DP Source CDSL CDSL
DP ID Dhan vs Marwadi Group - DP ID 289-2016 No
Demat Account Annual Maintenance Charges(AMC) Zero ₹250 pa
Advance Deposit Nil NA-NA-NA-NA-NA-NA-NA-2250#-3600#-NA-NA-NA-2250#-2250#-NA-NA
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹12.5 per transaction ₹25
Demat ₹250 per certificate + courier charges ₹3 per certificate
Remat ₹250 per certificate + courier charges ₹25 per certificate
Pledge Creation ₹12.5 per transaction ₹50
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹12.5 per transaction ₹20
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹12.5 per transaction ₹25
Failed Instruction Charges Nil ₹15
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Dhan vs Marwadi Group on Special Offers and Promotion

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

Compare Dhan vs Marwadi Group on Special Offers and Promotion
  Dhan Marwadi Group
Pay In and Pay Out Options Dhan vs Marwadi Group - Pay In and Pay Out Options UPI, Net banking, and Smart Fund Transfer using NEFT, RTGS, and IMPS Info Not Available
Payout Time Dhan vs Marwadi Group - Payout Time Fast withdrawal with IMPS, NEFT Withdrawal Info Not Available
Bank Supported and Charges Dhan vs Marwadi Group - Bank Supported and Charges Info Not Available
Bank Detail Info Not Available
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.
  • Zero account opening fees.
  • Invest in IPO, mutual funds, insurance, and smartcase portfolios.
  • User-friendly trading platforms.
  • Get best-in-class in-depth research insights for all segments.
  • Margin trading facility.

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...

  • Non-transparent brokerage charges.
  • Minimum brokerage fee of Rs 20 to Rs 25 per trade, when the trade value is low.
  • Major presence in the Gujarat state only.

Detail Review...

Special Offers/Promo
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Last Updated on 2023-09-14T03:51:34+00:00