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Dhan Vs Upstox: 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 Upstox Max Rs 20 per trade. Both the brokers are Discount Brokers. Dhan is having overall lower rating compare to Upstox. Dhan is rated only 3 out of 5 where Upstox is rated 4.5 out of 5. Number of active customer for Upstox is 24,01,555 where number of active customer for Dhan is 4,34,798. Upstox is serving more customer compare to Dhan.

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

  Dhan Compare
Dhan
Upstox Compare
Upstox
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX NSE, BSE, MCX
Active Clients 4,34,798 24,01,555
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 Rs 20 flat brokerage fee, brokerage-free investment in mutual funds and state-of-the-art technology platforms (Upstox Pro and Upstox) with a host of features for traders and investors alike make Upstox one of the best discount brokers in India.
Broker Enquiry Request call back from Zerodha Request call back from Upstox
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Account Opening Charges and AMC

Compare Dhan vs Upstox on Trading & Demat Account Opening Charges

Comparison of Dhan with Upstox on trading & demat account opening charges and AMC. Trading account opening charges - Dhan offer Free account opening where Upstox charges Promotion offer: Free for account opening. Demat AMC charges - Both broker don't charge any AMC for Demat Account.

Trading & Demat Account Opening Charges - Compare Dhan with Upstox
Charges Dhan Upstox
Trading Account Opening Fees Free Promotion offer: Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Dhan vs Upstox on Plan Options

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

Account Opening

  Zerodha Upstox
Account Opening Request
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Brokerage Charges

Compare Dhan vs Upstox 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.

Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per order.

Brokerage Charges - Compare Dhan with Upstox
Brokerage Charges Compare Dhan Upstox
Plan Name Dhan Brokerage Plan Max Rs 20 Per Order Trading Plan
Equity Delivery Free 2.5% or Rs 20 whichever is lower
Equity Intraday 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Futures 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Currency Options Flat Fee Rs 20 Flat Fee Rs 20
Commodity Trading Flat Fee Rs 20 Flat Fee Rs 20
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 Rs 50 + 18% GST
Auto Square off Charges Rs 20 per order + GST Rs 50 + 18% GST
Brokerage Calculator Brokerage Calculator for Dhan Brokerage Calculator for Upstox
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Share Broker's Transaction Charges

Compare Dhan vs Upstox on Transaction Charges

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

Transaction Charges - Compare Dhan with Upstox
Transaction Charges Compare Dhan Upstox
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 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for dhan Complete Brokerage Plans for upstox
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Account Features

Compare Dhan vs Upstox on Account Features

Compare Dhan with Upstox on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Upstox offers 3-in-1 account where Dhan offers only 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 Upstox
Account Features Compare Dhan Upstox
3 in 1 Account No Dhan have 2-in-1 account. Only Demate and Trading account. Yes, Dhan have 3-in-1 accounts. Bank Account, Demat 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 Yes
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 Upstox on Trading Platform

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

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Broker Ratings by Users

Compare Dhan vs Upstox on User Rating

  Dhan Upstox
  12 Customer Reviews    Rate Dhan 12 Customer Reviews    Rate Upstox
Fees Ratings 2.8 3.5
Trading Brokerage Rating 3.6 3.8
Trading Platform Usability 3.2 3.7
Customer Service Ratings 2.8 3.5
Overall Ratings 3.3 3.7
Broker Rating Dhan is Rated 3.3 / 5 based on 12 customer reviews Upstox is Rated 3.7 / 5 based on 12 customer reviews
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Investment Offerings

Compare Dhan vs Upstox on Investment Offerings

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

Compare Dhan vs Upstox on Order Types

Order Type - Compare Dhan with Upstox 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 Dhan with Upstox
Order Type Compare Dhan Upstox
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 Dhan vs Upstox on Customer Service

Compare Dhan with Upstox 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 Upstox
Customer Service Compare Dhan Upstox
24/7 Customer Service Dhan vs Upstox - 24x7 customer support No No
Email Support Dhan vs Upstox - Email Support Yes Yes
Onine Live Chat Dhan vs Upstox - Onine Live Chat Yes Yes
Phone Support Dhan vs Upstox - Phone Support Yes Yes
Toll Free Number Dhan vs Upstox - Toll Free Number No No
Through Branches Dhan vs Upstox - Through Branches No Yes
Customer Care Number Dhan vs Upstox - Customer Care Number 022-48906273 +91 22 6130 9999
Account Opening Process Dhan vs Upstox - Account Opening Process Zero Online/Paperless
Customer Support Email Dhan vs Upstox - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Dhan vs Upstox - Knowledge Center/Education https://knowledge.dhan.co/support/home https://upstox.com/help-center/
Head Office Address Dhan vs Upstox - Head Office Address/Corporate Address
302, Western Edge l,
Off Western Express Highway,
Borivali East, Mumbai - 400066,
Maharashtra, India.
Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Website Dhan vs Upstox - Company Website https://dhan.co/ https://upstox.com/
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Tips/Research/Reports Published

Compare Dhan vs Upstox on Research Reports, Tips

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

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

Compare Dhan vs Upstox on Demat Account

Compare Dhan with Upstox 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 Upstox is ₹300 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 Upstox is ₹13 + ₹5.50 CDSL charges.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 Upstox
  Dhan Upstox
DP Source CDSL CDSL
DP ID Dhan vs Upstox - DP ID 289-2016 81800
Demat Account Annual Maintenance Charges(AMC) Zero ₹300 PA
Advance Deposit Nil NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹12.5 per transaction ₹13 + ₹5.50 CDSL charges
Demat ₹250 per certificate + courier charges ₹20 + ₹50 courier charges
Remat ₹250 per certificate + courier charges ₹100 for every hundred securities or ₹25 per certificate (whichever is higher)
Pledge Creation ₹12.5 per transaction 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Creation Confirmation Nil 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure ₹12.5 per transaction 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure Confirmation Nil 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Invocation ₹12.5 per transaction 0.05% of the transaction value (Min ₹50)
Failed Instruction Charges Nil ₹50
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Dhan vs Upstox on Special Offers and Promotion

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

Compare Dhan vs Upstox on Special Offers and Promotion
  Dhan Upstox
Pay In and Pay Out Options Dhan vs Upstox - Pay In and Pay Out Options UPI, Net banking, and Smart Fund Transfer using NEFT, RTGS, and IMPS pay-in/adding funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro
Pau-out/Fund Withdrawal - Bank Transfer only
Payout Time Dhan vs Upstox - Payout Time Fast withdrawal with IMPS, NEFT Withdrawal Max 24 hrs except bank holidays
Bank Supported and Charges Dhan vs Upstox - Bank Supported and Charges Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service.
Bank Detail HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
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...

Before you open an Upstox account, check out the advantages on why to trade with Upstox.

  • No account opening charges and Zero Demat maintenance charge.
  • Cheapest flat brokerage of Rs 20 per order
  • Best platforms for traders and investors
  • Invest in mutual funds and IPOs for free.
  • Invest across global companies in 25+ countries.
  • Advanced orders like bracket order, cover order, AMO, and GTT order.
  • Advanced Pro web and mobile app-based trading platforms.
  • TradingView charts, multiple technical indicators, and drawing tools
  • Margin Trading Facility and margin against shares
  • Free API access
  • UpLearn free learning platform

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...

There are some setbacks or disadvantages also while trading with Upstox;

  • Unlike top brokers like Zerodha and Fyers, Upstox does not offer free delivery trading.
  • Upstox does not have unlimited monthly trading plan.
  • It does not provide stock trading tips and recommendations.
  • Does not offer NRI trading.
  • 24/7 customer service is not available.

Detail Review...

Special Offers/Promo Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs
Enquiry Open Zerodha Account Now>> Open Upstox Account Now>>

Last Updated on 2023-09-14T03:51:34+00:00