Upstox vs dhan Broker comparison in 2024

Upstox vs Dhan comparison

We are compare Upstox vs Dhan broker’s all details in this article like brokerage, DP charges, Future and option Brokerage, Intraday brokerage, Currency brokerage, Commodity brokerage and AMC charges all details check below.

Upstox vs Dhan

Comparison between two demat account. Upstox and Dhan both are Discount Brokers. Upstox get licence for trading business in 2010 but upstox actully start Business in 2012 for retail trading and Dhan incorported in 2021.

Demat Account Broker Comparison: Broker Upstox vs. Broker Dhan

Criteria	Upstox	Dhan
Account Opening Process	User-friendly and easy.	User friendly and easy.
Account Maintenance Charges (AMC)	Lifetime Free	Lifetime Free
About Broker	Upstox get licence in 2010 trading business but started in 2012 for retail. Upstox is first low cost and tech enabled broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures and options. Upstox are available on its Upstox Pro Web version for computer and Upstox Pro Mobile trading platforms.	Dhan Started broking business in india from 2021. Dhan offering Equity, Currency, Commodity, IPO, Futures and Options, Bonds and Direct Mutual Funds.
Research and Analytics Tips	Not provided	Not provided
Exchnage Membership	NSE, BSE, MCX and NCDEX	NSE, BSE, Currency and MCX
Customer Support	022-41792999, 022-24229920 All Trading Days – 8 am to 5 pm	022-43116666 Monday to Friday from 09.00 AM – 5:00 PM
Mobile App	Feature-packed mobile app with smooth navigation.	Mobile App is very smooth working
Margin Trading	Intraday- 5x leverage                                  Delivery and F&O – No Margin	Intraday- 5x leverage and F&O – No Margin
Educational Resources	Limited Educational Content	Rich educational content for beginners.
Demat Account Features	ETF,mutual fund and Sme trading allowed at zero cost	ETF,mutual fund and SME trading allowed at zero cost
Security Measures	Stringent security protocols, two-factor authentication.	Advanced security
Special Promotions	Lifetime Free Account through this link  Open Upstox free account  LINK	Lifetime free account
Overall Rating	4.3/5	4.4/5

Upstox vs DHAn Brokrage comparison

Equity Delivery	2.5% or Rs 20 per executed order whichever is low	0 – No charges
Equity Intraday	0.03% or Rs 20 per executed order. Whichever is low	0.03% or Rs 20 per executed order. Whichever is low
Equity Futures	0.03% or Rs 20 per executed order. Whichever is low	0.03% or Rs 20 per executed order. Whichever is low
Equity Options	Rs 20 per executed order.	Rs 20 per executed order.
Commodity Futures	0.03% or Rs 20 per executed order. Whichever is low	0.03% or Rs 20 per executed order. Whichever is low
Commodity Options	Rs 20 per executed order.	Rs 20 per executed order.
Currency Futures	0.03% or Rs 20 per executed order. Whichever is low	0.03% or Rs 20 per executed order. Whichever is low
Currency Options	Rs 20 per executed order.	20 per executed order.
Call & Trade Charges	Rupees 20 per tade	Rs. 50
Auto Square off Charges	50 Rupees	20 Rupees
DP Charges	Rupees 21.83 (Inclusive GST)	Rupees 14.75 (Inclusive GST)
Trading Platform	Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola	Web, Dhan Mobile for Android/iOS and Dhan HQ tading Apis
Mutual Fund	Yes (Commission free mutual fund offering) Best for SIPs	Yes (Commission free mutual fund offering) Best for SIPs

AMC Charges- Upstox vs Dhan

Dhan account opening charges is Rs.00 and annual maintenance charge(AMC charge)  is also Rs.0 for Lifetime year. Dhan not getting any charge for demat accounting opening.

Uptox account opening is free of cost through Link and annual maintenance charge (AMC) is also free for lifetime. Tata group invested in upstox in january 2020. Tata group holding only 1.33% stake in upstox company. Tata is not own whole company. Tata own only 1.33% stake in upstox.

Open Dhan  Account  Free for lifetime

Open Upstox  Account lifetime Free 

Conclusion

Upstox and dhan both brokers are discount brokers. In upstox broker not offering free delivery but dhan offer lifetime zero brokerage in delivery trade. Dhan also provide lifetime free amc charges. Do not worry for AMC charges. Both broker offer lifetime free demat account. Dhan is better than upstox for investing purpose so if you are investor then you go with dhan, dhan is best for invester.

Open dhan account though this link and earn 20% Brokerage for lifetime 

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