Dhan vs SBI Securities Reviews 2025 | Which One Is Better
Dhan vs SBI Securities
Dhan , founded in 2021, is a discount broker. It supports trading on the NSE, BSE , MCX And NCDEX. It has one branch across India. Full Service Broker SBI Securities was founded in 2006. It provides trading on the The, Multi Commodity Exchange, NSE (national stock exchange) ,and BSE ( Bombay stock exchange) .There are 132 of its branches in India
Dhan
Dhan Founded in 2021, is a Mumbai-based financial services company focused largelyon India. In today’s fast-paced world, every second or third person seeks effectiveinvesting solutions to build wealth, and Dhan is dedicated to delivering these options.Dhan is a SEBI-registered stockbroker. In addition, Dhan is registered with CDSL, NSE,
BSE, and MCX stock exchange.Dhan is a SEBI-registered stockbroker and their headquarters located in Mumbai.
Inaddition, Dhan is registered with CDSL, NSE, BSE, and MCX stock exchanges. Dhan
offers a wide range of products, including stocks, ETFs, options, futures, andcommodities. Overall, Dhan is an all-rounder who effectively meets the majority of atrader’s or investor’s needs. Dhan’s broking fees are competitive and reasonable acrossall products and solutions. Dhan costs Rs. 20 per trade, or 0.03%, for intraday trading. Dhan’s shipping charges for trading equities and ETFs are nothing. Dhan additionally
offers a 50% discount for female users.
SBI Securities
SBI Securities Ltd (SSL) is the State Bank Group’s stock broking arm and a 100%
subsidiary of SBI Capital Markets Ltd. SSL is a full-service stockbroker. The company,
founded in 2006, provides Institutional Equity, Retail Equity, Derivatives, Broking, Depository
services, and Third Party Distribution products. They also offer online trading services for
investors and traders.
Also SBI Smart is the company’s premier trading platform. The portal enables both resident
and non-resident Indians (NRIs) to invest online in equity, derivatives, mutual funds, ETFs,
IPOs, and NCDs. It also provides financing products such as home loans, car loans, and
loans against securities (LAS). SSL is registered with the Securities Exchange Board of India
and is a Depository Participant with NSDL and CDSL.
Kotak Securities, founded in 1994, is a full-service broker. It offers trading on the BSE, NSE,
MCX, and NCDEX. It operates 153 branches across India. SBI Securities, founded in 2001,
is a full-service broker. It offers trading on the BSE and NSE. It operates 117 branches
across India.
| Dhan | SBI Securities | |
| Establishment Year | 2021 | 2006 |
| Founder | Pravin Jadhav | Arun Mehta |
| Exchange of Membership | NSE, BSE And MCX , NCDEX | BSE & NSE. |
| Broker Type | Discount Broker | Full Service Broker |
| Branches | 1 | 132 |
Dhan vs SBI Securities Charges
| Charges | Dhan | SBI Securities |
| Trade and Call Charge | Rs 50 per order | Rs 10 per call (after 30 free calls a month |
| Minimum Brokerage Charges | Rs 20 | Rs 0.05 for Cash, Rs 0.01 Future |
Dhan vs SBI Securities Offers
| Offers | Dhan | SBI Securities |
| Free AMC | ||
| Free Brokerage | ||
| Free Account Opening Charge | ||
| Flat Brokerage Charges | , | |
| Flexible Brokerage Charges | ||
| Free Intraday Charges | ||
| Free Delivery Charges | ||
| Margin Funding and Pledging | ||
| Refferal Offers | 20% + Rs 500 per new Client | Upto Rs.700 per Client |
| Zero brokerage for Loss Making Trade | , Limited | |
| Brokerage Cashback | ||
| Free Trading Calls | ||
| Free Research Report | ||
Dhan vs SBI Securities Product Provided
| Type | Dhan | SBI Securities |
| Equity Delivery | ||
| Equity Intraday | ||
| Equity Option | ||
| Equity Future | ||
| Currency Option | ||
| Currency Future | ||
| Commodity Options | ||
| Commodity Future | ||
| Mutual Funds | ||
| Foreign stocks | ||
| Banking | ||
| Insurance | ||
| Digital Gold | ||
| Govt. Bonds | ||
| Corporate Bonds | ||
Dhan vs SBI Securities Advisory Services Provided
| Type | Dhan | SBI Securities |
| IPO Service | ||
| Weekly and Monthly Review | ||
| Daily Stock Picks and Stock Tips | ||
| PMS or PCG | ||
| Trading Institution | , Investor Sarathi | |
| Demat and Trading Service | ||
| Intraday Service | ||
| Share Pledging | ||
| NRI Service | ||
| 3 In 1 Account | ||
| Company and Annual Report | ||
| Stock Recommendation and Research report | ||
Features Of Dhan vs SBI Securities
| Features | Dhan | SBI Securities |
| Chart | ||
| Automated Trading | ||
| 3 in 1 Account | ||
| Sms Alerts | ||
| Margin Against Shares (Equity Cash) | ||
| Margin Against Shares (Equity F&O) | ||
| Online Portfolio | ||
| Online Demo | ||
| Intraday Square-Off Time | 3:20PM | 2:45 PM |
| Global Indices | ||
| Real Time Update | ||
| Stock Tips | ||
| Multi Profile Management | ||
| Interactive Charts | ||
| Customised Recommendation | ||
| Online MF Buy | ||
Dhan vs SBI Securities Demat And AMC Charges
Dhan has Rs.0 annual maintenance cost (AMC) for trading accounts And rs.0 For Open Demat Account .Many investors favour it because of its competitive cost, user-friendly layout, and excellent customer service .SBI Securities Demat Account AMC Charges are Rs 750 (free for the first year). Below the table shows Charges of both the platform.
| Charges | Dhan | 750 (Free for 1stYear) |
| Demat Account Opening Charges | Rs.0 (Free) | Rs 850 |
| Demat Account AMC Charges | ₹0 (Lifetime Zero AMC) | 750 (Free for 1st Year) |
| Trading Account Opening Charges | Rs. 0 (Free) | Rs 850 |
| Trading Account AMC Charges | Rs. 0 (Free) | Rs 850 |
Dhan vs SBI Securities Brokerage Charges
Dhan charges no brokerage fees for stock On Delivery whereas SBI Securities offers equity delivery trades at 0.50%, intraday at 0.05%, futures at 0.05%, and options priced at ₹100 per lot. Kotak is typically more cost-effective for options trading and high-volume traders, but SBI may be more expensive for frequent traders. Both platforms impose additional fees such as STT, GST, and transaction fees.
| Brokerage Charges | Dhan | SBI Securities |
| Brokerage Plan | Flat Brokerage | Standard plan |
| Equity Delivery | Rs 0 (Free) | 0.50% of Transaction Value |
| Equity Intraday | Rs 20 per executed orderor 0.02% whichever is lesser | 0.075% of Transaction Value |
| Equity Option | Rs.15 per Trade | Rs.50 to Rs.100 per lot |
| Equity Future | Rs 20 per executed plan/ order or .03% whichever is lesser | 0.05% of Transaction Value |
| Currency Option | NA | Rs.20 to Rs.30 per lot |
| Currency Future | Rs 20 per executed plan/order or .03% whichever is lesser | 0.05% of Transaction Value |
| Commodity Option | Rs.20 per Trade | Rs.50 to Rs.100 per lot |
| Commodity Future | NA | 0.05% of Transaction Value |
Dhan vs SBI Securities Leverage (Margin)
Dhan margin for intraday trading allows up to 20% of the trade value (5x leverage) depending on the stock, whereas One margin for intraday trading allows up to 20% of the trade value (5x leverage) depending on the stock, while the SBI Securities margin for intraday cash is likewise up to 20% of the trade value (5x leverage). Below the table shows some of its margin leverage
| Leverage | Dhan | SBI Securities |
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value of (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value of (5x leverage) |
| F&O (Currency, Equity, Commodity) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
Dhan vs SBI Securities Pros And Cons
Pros:
| Dhan | SBI Securities |
| 1)All other segments have a flatbroking fee of Rs 20 per deal. 2) Offers a 3-in-1 account for ICICI bank members. 3)AMC offers free demat accounts Also it offer Free equity delivery deals. 4) A safe, dependable, and technologically advancedinternet broker. 5) Simple, flat-fee broking services across segments and exchanges (BSE, NSE, MCX). 6) Open an account for free. | 1)It Offer a 3-in-1 account foreasy transactions. 2) A wide variety of investingopportunities. Free researchreports are accessible. 3) Full-service broker thatprovides services both onlineand through branches. |
Cons:
| Dhan | SBI Securities |
| 1)Auto Square off costs an additional Rs 20 every order. 2) It doesn’t provide monthly unlimited trading programs. 3)It doesn’t offer stock suggestions, research, or recommendations. 4) Call & Trade costs an additional Rs 50 every order. | 1)Full-service broker thatprovides services both onlineand through branches. 2) Offer a 3-in-1 account foreasy transactions. 3) A wide variety of investingopportunities. Free researchreports are available. |
Complaints Of Dhan vs SBI Securities
whereas SBI Securities received 180 complaints and resolved 161. Dhan received 10 complaints and resolved 8. This shows that Dhan performs better in terms of customer service than SBI Securities . as seen by the fact that it has a higher complaint resolution rate and fewer complaints overall.
| Complaints | Dhan | SBI Securities |
| Total Complaints Lodged | 8 | 180 |
| Total Complaints Resolved | 10 | 161 |
| % Of Total Complaints Resolved | 99% | 80.50 % |
| Non Actionable Complaints | 1 | 12 |
| % Of Non Actionable Complaints | 1% | 6.03 % |
Dhan vs SBI Securities Transactions Charges
Below the table shows Equity Intraday, Equity Delivery, Equity Option , Future and
Commodity options/ Future and Currency Option/Future Transaction charges of both the
platform.
| Transaction Charges | Dhan | SBI Securities |
| Equity Delivery | NSE Rs 322 per Cr (0.00322%) | BSE Rs 375 per Cr (0.00375%) | 0.00335% (NSE) &0.00375% (BSE) |
| Equity Intraday | 0.00335% (NSE) & 0.00375% (BSE) | 0.00335% (NSE) & 0.00375% (BSE) |
| Equity Option | NSE Rs 4950 per Cr (0.0495%) | BSE Rs 495 per Cr (0.00495%) (on premium) | 0.053% (on premium) |
| Equity Future | NSE Rs 188 per Cr (0.00188%) | BSE Rs 0 | 0.002% (NSE & BSE) |
| Currency Option | (on premium) | 0.037% (NSE) & 0.001% (BSE) |
| Currency Future | (on premium) | 0.0009% (NSE) & 0.00022% (BSE) |
| Commodity Option | NA | 0.05% (Non Agri) |
| Commodity Future | Group A, B : 0.0026% | NA |
Review Comparison Of Dhan vs SBI Securities By Customer
Dhan is rated 9 of 10 , whereas SBI Securities is rated 7 of 10
| Rating | Dhan | SBI Securities |
| Brokerage | 9/10 | 6/10 |
| Customers Service | 7.5/10 | 7/10 |
| Fees | 6.5/10 | 7/10 |
| Trading Platform | 7.5/10 | 7.5/10 |
| Research | 910 | 610 |
| Broker Rating | 8.5/10 | 7/10 |
| Overall Rating | 9/10 | 7/10 |
Conclusion: Dhan is praised for its low-cost architecture, intuitive user interface, and cutting-edge technologies like the Dhan platform. It is especially appealing to traders who are tech-savvy yet cost-conscious. Though both sites are trustworthy and regulated, the decision comes down to personal preferences: Dhan offers affordable costs and cutting-edge technology .SBI Securities, supported by the State Bank of India, offers dependable services at cheap broking fees and high customer confidence. Choosing between them is based on the importance of sophisticated features versus cost-efficiency and trust.
Customer Care Number/Email
Dhan : 022-43116666
SBI Securities:- 022-42273373
Client can contact this number for clearing your doubt.
Dhan Support Email : help@dhan.com
SBI Securities Support Email :- helpdesk@sbicapsec.co
Client can contact on this email for clearing your doubt.
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