Dhan vs Angel One: Which is Best For You?
In this post, I’m going to compare Dhan and Angel One.
So if you’re looking for a deep comparison of these two popular brokerages, you’ve come to the right place.
In today’s post, I’m going to compare Dhan vs Angel One in terms of:
- Brokerage Charges, Account Opening and Maintenance Charges
- Trading Platform
- Pros and Cons
- My Experience
Let’s get started.
Dhan vs Angel One: Summary
| Dhan | Angel One | |
|---|---|---|
| Type | Discount Broker | Full-Service Broker |
| Year Founded | 2021 | 1987 |
| Headquarters | Mumbai, India | Mumbai, India |
| Overall Rating | 3.5 out of 5 | 4.2 out of 5 |
| Brokerage Charges for Equity Intraday, F&O, Commodity and Currency | Rs. 0.03% or Rs. 20 per executed order, whichever is lower | 0.03% or Rs 20 per order, whichever is lower |
| Maximum Brokerage per Executable Order | Rs 20 | Rs 20 |
| Zero Brokerage on Equity Delivery Trading | Yes | No |
| Presence in Branches | No branches | More than 110 branches |
| Mobile Trading App | Available | Available |
| Number of Features | N/A | N/A |
| Ranking | 10th | 6th |
Dhan vs Angel One: Company Overview
Founded by Pravin Jadhav in 2021, Dhan is a SEBI-registered online broker with financial products comprising Stocks, ETFs, Futures & Options, Commodities, and Currency. Dhan emerged as a popular trading and investing platform within a quick span of time. It’s also worth mentioning that the trading platform is feature-rich and has good customer support.
On the other hand, Angel One is one of the oldest online brokers, and the platform has been there since 1996. Angel One is ranked among the reliable online brokers and has different investment products, including Stocks, Futures & Options, IPOs, Mutual Funds, Commodities, ETFs, US Stocks, and Bonds. Angel One has trading applications for all device platforms. The platform is also known for its excellent advisory services.
Dhan vs Angel One: Charges
Here I explain the Demat Account Opening Charges, Annual maintenance charges, and brokerage charges for both Broker Dhan and Angel One.
Dhan Account Opening Charges & AMC
Dhan offers Demat and Trading account opening for ₹0 charges, and after you open an account with Dhan, you don’t have to pay any Account Maintenance Charges (AMC). It is undoubtedly one of the advantages of using Dhan.
Dhan Brokerage Charges
Being a discount broker, Dhan keeps its brokerage charges minimal, and here are the charges:
- ₹0 brokerage charges on Equity Delivery
- ₹20 or 0.03% of trade value, whichever is lower on Equity Intraday, and all segments of Futures
- ₹20 per executed order on Equity Options, and Currency Options
Angel One Account Opening Charges & AMC
Like Dhan, Angel One also keeps its demat account opening free of any charges. However, customers do have to pay AMC in Angel One, and the platform charges ₹240 per year as AMC from the second year onward.
Angel One Brokerage Charges
Angel One has a simple brokerage structure with low brokerage charges. Here are the brokerage charges:
- Equity Delivery: ₹0 brokerage charges
- Equity Intraday, and all segments F&O: Flat ₹20 or 0.25% (whichever is lower)
Dhan vs Angel One: Trading platforms
Here I explain the details of the trading platforms of Dhan and Angel One. Both brokerages have web-based and mobile apps.
Dhan Trading Platforms
Dhan has a Dhan Web, Dhan Options Trader Web, Tradingview, Dhan mobile app, and Dhan options trader app.
Dhan Web
Dhan Web is the right trading platform for anyone who wants to trade on the Dhan platform using a laptop or PC. The web-based application comes with all the essential features of trading and investing. The features include an excellent market overview, advanced charting tools like Tradingview, and ChartIQ, multiple watchlists, over 100 indicators, multiple order types, webhooks, and APIs. Most importantly, the interface is clean and intuitive.
Dhan Options Trader Web
Dhan Options Trader Web is also a web application, but unlike Dhan Web, this app is specially designed for Options traders with many advanced Options trading features. The features include Pre-Built Strategies, Staddle Chain, Strategy Builder, and OI Gainers and Losers. While the application can be highly advantageous for advanced Options traders, it may not be ideal for Beginners or intermediates. Beginners and intermediates can stick to the Dhan Web app.
Dhan Tradingview
Dhan Tradingview is another exciting feature of Dhan, which allows you to integrate your Dhan account with an external Tradingview chart. The feature lets you enter a trading position from your Tradingview chart. Besides, you can drag and drop your open orders per your requirements. For example, if your Stop Loss is at ₹100, and you want to Trail it by 10 points, you can drag and drop it to ₹110. Now, it’s essential to understand that if you were to do the same thing in a conventional way by modifying the order, it would take comparatively more time, and in trading, every second matters. Besides, the feature lets you manage your open orders without leaving the charts since you can access them from the Trading Panel.
Dhan Mobile App
Dhan Mobile App lets you trade on the go from your Smartphone, and it has all the features included in the Dhan Web App. The interface is beginner-friendly, with everything self-explanatory. The app also comes with Biometric authentication, making your login super secure. However, the app is still buggy and may not be ideal for trading.
Dhan Options Trader App
Dhan Options Trader App is an advanced version of the Dhan Mobile App with dedicated features for Options trading. Advanced Options traders will certainly find it highly usable with features like Pre-Built Strategies, Staddle Chain, and Strategy Builder. However, beginners may find the interface a little tricky to use. Hence, if you aren’t an advanced trader and don’t need such advanced features, you can avoid using this app.
Angel One Trading Platforms
Angel One has Angel One Trade, Angel One mobile app, SpeedPro, and ARQ Prime.
Angel One Trade
Angel One Trade is the web application of Angel One, which allows you to trade without installing any software or application. To use the app, you can get to the web app using your browser and log in using your Angel One credential. Angel One Trade comes with a clean interface and features like advanced charting tools such as Tradingview, and ChartIQ, multiple layouts, multiple watchlists, and multiple timeframes.
Angel One App
Angel One App is the Angel One mobile application that lets you trade from your Smartphone. The app is easy-to-use and highly usable, with features such as Tradingview, ChartIQ charting tools, multiple watchlists, multiple order types, and over 100 indicators.
Angel One SpeedPro
Angel One SpeedPro is an ideal option for desktop users and comes with comprehensive trading features. The features include advanced charting tools, multiple watchlists, a good market overview, multiple indicators, and multiple order types. The app is fast and has an intuitive interface. Besides, with Angel One SpeedPro, you don’t have to face the hurdle of logging into the account daily.
Angel ARQ Prime
Angel One has a dedicated application, Angel ARQ Prime, for investors, and it’s more than just any investing application because it aims at making investing easy and profitable. Besides, Angel ARQ Prime is based on a rule-based strategy, which the investors can capitalize upon to have maximum returns. Further, it also cuts losses early to minimize the risks of your investments. Most importantly, the app has a proven track record of over 100% return in eleven months.
Dhan vs Angel One: Pros and Cons
Dhan Pros
- No fee is charged for demat account opening
- ₹0 charges for Demat Account Maintenance
- No brokerage fee charges on Equity Delivery
- Minimal brokerage charges on other segments
- Mobile and web trading applications
- Advanced trading application for Options Traders
- Reliable customer support
Dhan Cons
- The mobile app is unstable
Angel One Pros
- Account opening is free of cost
- Wide range of financial products – Stocks, IPO, F&O, Mutual Funds, and Commodities
- No brokerage fee is charged on Equity Delivery
- Minimal brokerage charges on Intraday and F&O
- Reliable trading applications across web, mobile, and desktop
- APIs and advisory tips are offered for free
Angel One Cons
- GTT order is not available
- Customer support is less responsive
My Personal Experience with Dhan & Angel One
It’s time to share my experience of using the two trading platforms. I recently tried Dhan, and it wasn’t a pleasant experience. I logged out during my Trade when I tried the Dhan mobile app. The app is still buggy, and it’s better to avoid it for the time being until the bug is removed. However, I had no issues using the Dhan web interface. The web app is fast and flawless. If you want to try Dhan, you can use the Dhan Web App instead of the Dhan Mobile App.
I previously tried Angel One Trade and Angel One App and faced no technical issues. Many traders still prefer Angel One because of its reliability. However, I feel that Angel One’s customer support needs to improve. I strongly feel if Dhan fixes the bugs, it can be a promising platform for traders and investors.
Conclusion
I have walked you through the different aspects of the two trading platforms. I have explained the charges, applications, and pros and cons of the two platforms. I am sure you have gained good clarity after reading this post. However, as you have seen in this post, Dhan’s mobile app is still unstable, while there is no such issue with Angel One. Hence, I would recommend Angel One over Dhan.
Frequently Asked Questions
Can I invest in mutual funds through Dhan and Angel One platforms?
Yes, both Dhan and Angel One offer the option to invest in mutual funds through their platforms. They provide access to various mutual fund schemes from different asset management companies.
How do Dhan and Angel One compare as stockbrokers?
Dhan and Angel One are both well-known stockbrokers in India. To compare them, investors can assess factors such as brokerage charges, trading platforms, research tools, customer service, and overall user experience.
What kind of customer service can I expect from Dhan and Angel One?
Both Dhan and Angel One prioritize customer service and offer support through multiple channels, including phone, email, and chat. Trained representatives are available to assist clients with inquiries and provide guidance on various investment-related matters.
Do Dhan and Angel One provide instant account opening facilities?
Yes, both Dhan and Angel One offer instant account opening facilities for certain types of accounts. Investors can explore their respective websites or contact customer support for specific details on instant account opening.
How can I use technical analysis for my intraday trading decisions on Dhan and Angel One platforms?
Both Dhan and Angel One provide technical analysis tools on their platforms to help traders make informed intraday trading decisions. These tools include various technical indicators, chart patterns, and real-time market data.
What are the margin trading facilities available on Dhan and Angel One platforms?
Dhan and Angel One offer margin trading facilities, allowing investors to trade with borrowed funds and leverage their positions. Specific details on margin trading, including margin requirements and associated risks, can be found on their respective websites.
Can I buy and sell shares on Dhan and Angel One platforms?
Yes, both Dhan and Angel One enable users to buy and sell shares listed on the Indian stock exchanges. They provide access to a wide range of stocks for investment.
What is a depository participant, and how are Dhan and Angel One involved as depository participants?
A depository participant (DP) is an intermediary that facilitates holding and transferring securities in electronic form. Both Dhan and Angel One act as depository participants, providing demat account services to investors for secure and efficient handling of shares and other securities.
How can I use the Dhan brokerage calculator to compare Dhan and Angel One?
Answer: The Dhan brokerage calculator is a tool that helps investors estimate their brokerage charges based on trade value and other parameters. While it may not directly compare Dhan and Angel One, you can use it to calculate brokerage fees for both platforms and compare the costs for different trades.
What role do Dhan and Angel One play in commodity trading?
Both Dhan and Angel One offer commodity trading services, allowing investors to trade in commodities like gold, silver, crude oil, and agricultural products. They provide a platform to access commodity exchanges and execute trades in commodity futures and options.
