dhan vs. groww

This Dhan vs. Groww review will explain the crucial differences between the two trading platforms. I will walk you through the charges, trading applications, and pros and cons of the two discount brokers to provide you with good clarity on the two stock brokers. 

Dhan vs. Groww: Company Overview

Launched in 2021, Dhan is a popular investment and trading platform in India. The online broker is SEBI-registered and offers various financial instruments like Stocks, Options, Futures, Commodity, Currency, and ETF for investing and trading. Besides, Dhan comes with excellent customer support.

dhan vs. groww

Groww entered the industry in 2016 as a mutual fund investment platform. Gradually, it increased its services, and now, it's both a trading and investment platform with services like Equity, IPO, US Stocks, Direct Mutual Funds, Futures, and Options.

dhan vs. groww

Dhan vs. Groww: Charges

Dhan allows you to open a trading and demat account without any account opening charge. Besides, the trading platform has no demat account annual maintenance charges. 

dhan vs. groww

If we consider Dhan's brokerage model, the charges are nominal. Here are the Dhan brokerage charges:

  • Equity Delivery, ETFs, and IPOs: ₹0 brokerage charges.
  • Equity Intraday and All Segments Futures: ₹20 or 0.03% of trade value per executed order, whichever is lower.
  • Equity, Commodity, and Currency Options: ₹20 of trade value per executed order.

Like Dhan, Groww has zero account opening charges and AMC. Regarding brokerage charges, Groww has a fixed brokerage model.

dhan vs. groww

Here are the brokerage charges:

  • Equity: ₹20 or 0.05% per executed order, whichever is lower.
  • Futures and Options: ₹20 per executed order.
  • Mutual Funds: ₹0 brokerage charges.
  • US Stocks: ₹0 brokerage charges.

Even though there isn't much difference in charges between the two trading platforms, Dhan has a slight edge over Groww since it doesn't charge brokerage fees on Equity Delivery.

Dhan vs. Groww: Trading platforms

Dhan Web

Dhan Web is the Dhan website version, which you can access using your browser. The app is ideal if you are on a PC or laptop. Once you log into Dhan Web, you get a good market overview. Besides, you can use multiple watchlists to track various stocks and indices.

dhan vs. groww

Dhan comes with Tradingview and ChartIQ charting tools and over 100 technical indicators for technical analysis. Besides, the app comes with multiple order types. The interface is intuitive, and you should get the hang of it in just a few minutes. I have used the platform, and order execution is smooth.

Dhan Options Trader Web

If you are an Options Trader, especially into Straddle and Strangle strategies, you can find a lot of help from the Dhan Options Trader Web. The app provides you with a good market outlook, and besides, it comes with many handy tools like Pre-built Strategies, Live Market Scan, Screener, Pay-off Graphs, Option Greeks, and Basket Order.

dhan vs. groww

Further, Dhan Options Trader Web allows you to trade deep OTM/ITM Options contracts easily. You can take a reverse position in one tap and, most importantly, directly trade from the Options chain.

Dhan Tradingview

Even though Dhan has an inbuilt Tradingview charting tool, many users may still use their external Tradingview charts for trading. There is a valid reason behind this; they prefer this since in-built charting tools are a bit slower than the actual Tradingview chart in updating. Dhan has addressed this problem by allowing its users to link their Dhan accounts with their external Tradingview charts.

dhan vs. groww

You can connect your Dhan account to your external Tradingview chart by getting down to the Trading Panel section and clicking on Dhan. After that, you will need to authenticate your login. The feature lets you buy and sell right from the Tradingview chart.

Dhan App

Dhan App is Dhan's mobile app, and it comes with the features of Dhan Web. The app has an intuitive design and features like Tradingview and ChartIQ charting tools, multiple watchlists, and multiple order types. Besides, it has the 2fa authentication feature for enhanced security.

dhan vs. groww

However, the only issue I had while using the app was that it got me logged out in the middle of a trade, which is quite intimidating. Hence, you must only use the app after the developer resolves the issue. 

Dhan Options Trader App

Dhan Options Trader App is Dhan's mobile app that comes with Dhan Options Trader Web features. The app has dedicated features for Options trading. Some features include Pre-built Strategies, Live Market Scan, Screener, Pay-off Graphs, Option Greeks, and Options chain.

dhan vs. groww

However, the app is ideal for those Options traders who are into two-legged strategies. Hence, if you aren't into advanced Options strategies like Straddle and Strangle, you can avoid the Dhan Options Trader app and instead stick to Dhan App. 

Groww Website 

If you are on a PC or laptop, the ideal option to trade on the Groww platform is to access it using your browser and log in to your Groww account from the Groww website. Regarding the interface, Groww offers a simple interface with a nice dashboard of market news and watchlists.

dhan vs. groww

Besides, Groww allows users to choose between Tradingview and ChartIQ charting tools. Further, the platform comes with many technical indicators. Groww has recently added the GTT order feature. However, the Groww charts sometimes get slow. Order execution time is okay. 

Groww Mobile App

Groww Mobile App is available for Android and iOS users and has all the comprehensive features of Groww Web. The mobile app comes with a clean design, and, most importantly, it is exceptionally reliable.

dhan vs. groww

Besides, charting tools work seamlessly in the application. Further, the app is highly secure, backed by two-factor authentication. 

Dhan vs. Groww: Pros and Cons

Dhan Pros & Cons

ProsCons
Zero account opening charges Dhan mobile app is not reliable and logs out anytime
Zero AMC
Dedicated application for options trading
Excellent cutomer support
External Tradingview integration
Multiple order types

Groww Pros & Cons

ProsCons
No charges on account opening No option for Commodity and Currency trading
No annual maintenance charges
Advanced charting tools
Advanced order types like GTT
Reliable mobile app
Good documentation

Dhan vs. Groww: Customer Support

Dhan has a great customer support service in place, and the Dhan customer support team does a brilliant job assisting users through live chat, tickets, and phone. Contacting the Dhan live chat doesn't take much time. On the contrary, Groww addresses its users' technical queries and issues solely through tickets. Hence, Dhan offers better customer support than Groww. 

You may also like to read our Dhan vs. FYERS review

Conclusion

I have walked you through the important Dhan vs. Groww points you need to know to choose between the two. I am sure you have gained good clarity on the two trading platforms after reading this post. Apart from the points discussed in this post, you must consider your trading requirement while selecting between the two. 

Dhan vs. Groww Frequently Asked Questions

What is a stock broker?

A stock broker is a registered financial professional or firm that facilitates buying and selling of stocks and other securities on behalf of investors. They execute trades on stock exchanges and provide investment advice.

What is the stock market?

The stock market is a platform where individuals and institutions buy and sell shares of publicly-traded companies. It provides a marketplace for investors to trade securities and for companies to raise capital by issuing stocks.

Can NRIs trade on Groww?

Yes, NRIs (Non-Resident Indians) can trade on Groww. Groww provides NRI trading services to allow NRIs to invest in Indian securities and mutual funds.

What is a commodity option?

A commodity option is a derivative contract that gives the holder the right, but not the obligation, to buy or sell a specific quantity of a commodity at a predetermined price on or before a certain date.

What are transaction charges in investing?

Transaction charges are fees associated with buying or selling securities. These charges include brokerage fees, exchange fees, regulatory fees, and other charges that can impact the overall cost of trading.

What is algo trading?

Algorithmic trading (algo trading) involves using computer algorithms to execute trades based on predefined criteria. It aims to optimize trade execution, reduce human errors, and react quickly to market changes.

What are currency futures?

Currency futures are standardized contracts that allow investors to buy or sell a specified amount of one currency for another at a predetermined exchange rate on a future date.

How can I open an account on Groww?

To open an account on Groww, you can download the Groww app or visit the website and follow the registration process. You will need to provide necessary personal and financial information.

What is Equity FO?

Equity FO stands for “Equity Futures and Options.” It refers to trading in futures and options contracts based on individual company stocks.

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