Interactive Brokers vs Dhan – Compare Charges, Trading Features, Offers & more

Find a Comparison of Interactive Brokers vs Dhan here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Interactive Brokers and Dhan.

Background

Year of Incorporation 1977 2011
Website https://www.interactivebrokers.co.in/en/home.php https://dhan.co/
Phone +91 22-61289888 9987761000
Exchanges enabled NSE (plus over 100 market centers across 24 countries). BSE, NSE, MCX
Demat (NSDL/CDSL) NSDL CDSL
Brokerage

Equity 0.05% per Executed Order Rs 0 for Delivery & Rs 20 or 0.03% for Intraday
Equity Futures 0.01% per Executed Order Rs 20 or 0.03% per executed order
Equity Options Rs 25 per lot per Rs 20 per executed order
Currency Futures 0.01% per Executed Order Rs 20 or 0.03% per executed order
Currency Options 0.01% per Executed Order Rs 20 per executed order
Commodity Rs 50 per lot per Rs 20 per executed order
Account Opening Costs

Trading only Rs 0 Free
Trading & Demat Rs 400 Free
Commodity Not Available Rs 0
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.00325% 0.00325% of Turnover
Futures 0.0019 % 0.0019% of Turnover
Options 0.05% 0.05% of Turnover
Commodities Not available 0.05% of Turnover
AMC charge NIL Rs 0
DP Transaction Charge NIL Rs 9 + GST
Offline order placing Charge Rs 1500 per order 0
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 Days 7 Days
End of Day 1 Year 5 Years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity 2x intraday and overnight leverage 1x on Delivery & upto 5x on Intraday
Equity Futures Upto 2x for Intraday 1x
Equity Options Buying 0 & Shorting upto 2x for Intraday 1x
Currency Futures Upto 2x for Intraday 1x
Currency Options Buying 0 & Shorting upto 2x for Intraday 1x
Commodity Not Available 1x
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 104.1 Crores Rs 42.31 Crores
Profit after Tax FY12/13 Rs 63.01 Crores Rs 79.41 Crores
Profit after Tax FY13/14 Rs 64.75 Crores Rs 56.67 Crores
Profit after Tax FY 14/15 Rs 74.30 Crores Rs 57.22 Crores
Profit after Tax FY 15/16 Rs 89.41 Crores Rs 82.85 Crores
Profit after Tax FY 16/17 Rs 79.38 Crores Rs 68.40 Crores
Profit after Tax FY 17/18 Rs 79.67 Crores Rs 72.18 Crores
Profit after Tax FY 18/19 Rs 93.62 Crores Rs 79.26 Crores
Profit after Tax FY 19/20 Rs 89.06 Crores Rs 88.01 Crores
Profit after Tax FY 20/21 Rs 99.53 Crores Rs 95 Crores
Profit after Tax FY 21/22 Rs 85.24 Crores Rs 91.43 Crores
Profit after Tax FY 22/23 Rs 78.27 Crores Rs 93 Crores
Debt FY11/12 Rs 17.67 Crores Rs 12.22 Lakhs
Debt FY12/13 Rs 13.43 Crores Rs 20.30 Lakhs
Debt FY13/14 Rs 21.88 Crores Rs 28.60 Lakhs
Debt FY14/15 Rs 21.05 Crores Rs 25.15 Lakhs
Debt FY15/16 Rs 23.05 Crores Rs 19.36 Lakhs
Debt FY16/17 Rs 22.53 Crores Rs 24.23 Lakhs
Debt FY17/18 Rs 22.09 Crores Rs 28.96 Lakhs
Debt FY18/19 Rs 23.67 Crores Rs 27.64 Lakhs
Debt FY19/20 Rs 21.41 Crores Rs 24.17 Lakhs
Debt FY20/21 Rs 24.02 Crores Rs 32.46 Lakhs
Debt FY21/22 Rs 27.09 Crores Rs 38.52 Lakhs
Debt FY22/23 Rs 21.78 Crores Rs 36.35 Lakhs
Profit to Equity(%) FY11/12 14.94 20.13%
Profit to Equity(%) FY12/13 7.29 21.22%
Profit to Equity(%) FY13/14 9.71 20.51%
Profit to Equity(%) FY14/15 9.01 18.23%
Profit to Equity(%) FY15/16 9.64 18.75%
Profit to Equity(%) FY16/17 10.04 17.49%
Profit to Equity(%) FY17/18 10.14 17.54%
Profit to Equity(%) FY18/19 11.34 18.53%
Profit to Equity(%) FY19/20 13.24 18.09%
Profit to Equity(%) FY20/21 12.52 16.71%
Profit to Equity(%) FY21/22 17.85 20.30%
Profit to Equity(%) FY22/23 14.56 21.18%
Balance Sheet Size FY11/12 Rs 908 Crores Rs 28,562.79 Crores
Balance Sheet Size FY12/13 Rs 977 Crores Rs 34,056.66 Crores
Balance Sheet Size FY13/14 Rs 990.08 Crores Rs 38,184.80 Crores
Balance Sheet Size FY14/15 Rs 968.51 Crores Rs 41,932.39 Crores
Balance Sheet Size FY15/16 Rs 1071.18 Crores Rs 52,467.62 Crores
Balance Sheet Size FY16/17 Rs 1098.72 Crores Rs 74,976.32 Crores
Balance Sheet Size FY17/18 Rs 1110.91 Crores Rs 73,952.01 Crores
Balance Sheet Size FY18/19 Rs 1095.94 Crores Rs 80,997 Crores
Balance Sheet Size FY19/20 Rs 1369.20 Crores Rs 64,023 Crores
Balance Sheet Size FY20/21 Rs 1391.66 Crores Rs 86,951.55 Crores
Balance Sheet Size FY21/22 Rs 1293.62 Crores Rs 91,751.78 Crores
Balance Sheet Size FY22/23 Rs 1627.43 Crores Rs 95,994 Crores

Comparison Link:

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Frequently Asked Questions

Is Interactive Brokers better than Dhan ?

Interactive Brokers and Dhan are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Dhan better than Interactive Brokers ?

Interactive Brokers and Dhan are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Interactive Brokers cheaper than Dhan ?

Interactive Brokers and Dhan are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is Dhan cheaper than Interactive Brokers ?

Interactive Brokers and Dhan are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Interactive Brokers vs. Dhan ?

To find out the better of the two stockbrokers Interactive Brokers and Dhan, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.