Selecting the right stockbroker can make a huge difference in the ease of trading and the amount of trading costs.
In the online brokerage market in India, stock brokers like Dhan and Angel One are popular among retail investors. Both brokers offer trading in equities and derivatives via digital platforms. Although they have similar offerings, they have different pricing models, tools, and areas of concentration. Understanding these differences between them can be instrumental in helping an investor choose the best broker that can meet their trading style.
Angel One vs Dhan – Broker Details
| Details | Angel One | Dhan |
| Margin Trading Facility (MTF) | Available | Available |
| Year of Incorporation | 1996 | 2021 |
| Brokerage | ₹20 or 0.1% per order (whichever is lower) with ₹5 as minimum | ₹20 or 0.03% per executed order (intraday) ₹20 per executed order for Futures & Options |
| Broker Type | Discount Broker | Discount Broker |
Account Opening and Accessibility
The procedure for opening trading accounts has become quite simple for investors in the present scenario. Both Dhan and Angel One allow investors to open their trading account online by providing basic documents like the PAN card, Aadhaar card, etc.
After the verification procedure is completed, the account gets activated, and investors can start trading or investing in the market.
Today, many investors want to use a platform that allows them to open free Demat account in a quick and easy manner. Both brokers provide a simple registration procedure for investors, helping them start their investment journey with ease. On Dhan, there are no account opening or maintenance charges for individuals.
Brokerage Structure and Pricing
Brokerage fees have a direct impact on trading costs, especially for high-frequency traders. Both Dhan and Angel One operate as discount brokers, though they have different fee structures in some segments.
| Segment | Dhan Brokerage | Angel One Brokerage |
| Equity Delivery | ₹0 | ₹0 for 30 days (up to ₹500); then lower of ₹20 or 0.1% (min ₹5) |
| Equity Intraday | Lower of ₹20 or 0.03% per order. | First 30 days: No brokerage (up to ₹500)Then ₹20 or 0.1% per order, min ₹5, whichever is lower. |
| Futures | ₹20 per executed order | Zero for 30 days (up to ₹500); then ₹20 per order |
| Options | ₹20 per executed order | ₹0 for 30 days (up to ₹500); then ₹20 per order |
Understanding the brokerage plans of the brokers helps traders understand the cost of trading.
Trading Platforms and Technology
Trading platforms have a significant impact on traders’ market analysis and trading activities. Both Dhan and Angel One provide web and mobile-based trading platforms with different areas of focus.
Key Features of the Dhan Trading Platform:
- Trading View Integration for chart-based trading and various trading tools.
- Super Orders that allow traders to buy, sell, and exit in one order.
- Iceberg Orders that automatically divide large orders into smaller orders.
- Forever Orders (OCO) that ensure that targets and stop-loss remain active until one of the conditions is met.
- Basket Orders that allow traders to execute various trades or strategies at one go.
- Live Market Scanner that helps traders track stocks that have seen significant price movements.
- Market Alerts that allow traders to set thousands of price alerts.
Angel One Platform Features
- TradingView charts that support various chart types like candlestick charts, bar charts, line charts, and Heikin Ashi charts.
- Advanced options chain analytics that provide information like LTP, OI, IV, Delta, Theta, Vega, and Gamma.
- SmartAPI, which enables algorithmic trading.
- Availability of various watchlists and portfolio tracking tools.
- Integration with other platforms such as Smallcase, Sensibull, Vested, and Streak.
Which Broker May Suit Different Types of Investors
The broker to choose between Dhan and Angel One depends upon your trading style, your requirements, and your trading frequency.
Dhan may suit your requirements if:
- You want to have zero brokerage charges for equity delivery trades, which can help you save costs in the long run.
- You want to use technical analysis or chart-based trading strategies, as the trading platform offers integration with TradingView charts and other advanced trading tools.
- Looking for a digital-first platform that focuses on trading efficiency.
- You trade actively in intraday, futures, and options segments, where features such as basket orders and options trading tools are available.
Angel One could be a good option for you if:
- You prefer a broker with a more established market presence and a more developed brokerage infrastructure.
- You want built-in research insights and stock suggestions to assist in your investment decisions.
- You are an infrequent trader who requires investment insights more than advanced trading tools.
Conclusion
Both Dhan and Angel One are recognised stock brokers in the Indian stock market; however, they have a few different features.
Angel One has the advantage of being a recognised stockbroker for a long period of time and provides research support along with a number of other financial services.
Dhan, on the other hand, provides a technology-driven platform for trading that has a number of features for traders who prefer data-driven trading.
The best stockbroker depends on the investor’s style, objectives, and requirements, and by analysing them, we can find the best match.
