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Dhani Stocks vs Firstock (Compare Dhani Stocks and Firstock)

So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.

Here we provide side by side comparison between Dhani Stocks vs Firstock, Below comparison of Dhani Stocks vs Firstock highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.

One on One comparison of Dhani Stocks vs Firstock is given below:

Dhani Stocks Firstock
About The Brokers
Dhani Stocks :

"Dhani Stocks is India’s leading discounted stockbroker offering an unlimited subscription plan with nil brokerage and free call & trade + trading + funds transfers.   >>> more

Firstock :

Incorporated in 2021, Firstock Broking Pvt. Ltd is a tech-driven discount broking platform offering seamless investing in Stocks, F&O, ETFs, SGBs, G-Secs, and Stock SIPs. Enjoy free deliver   >>> more

Find More Information about the Broker :
Dhani Stocks :
OVERVIEW BROKERAGE
Firstock :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS
Type of Broker
Dhani Stocks :
 Discount Broker
Firstock :
 Discount Broker
Promo/offers
Dhani Stocks :
N/A
Firstock :
N/A
Advantage
Dhani Stocks :
✔ What Dhani Stocks Does Well
₹0 delivery brokerage — free for long-term investors
₹15/order intraday & F&O — ₹5 cheaper than ₹20 standard
₹500/month unlimited plan — cheapest unlimited plan in India
₹0 AMC lifetime + ₹0 account opening
NRI accounts available — PIS + NRO supported
TradingView-powered charts
PIB desktop terminal for active traders
Commodity F&O available (0.03% brokerage)
MF investment at zero commission
Firstock :
✔ What Firstock Does Well
₹0 delivery brokerage
₹0 AMC lifetime + ₹0 account opening
₹0 pledge charges — rare benefit for margin traders
₹0 payment gateway — add funds without any charge
₹0 direct MF investment charges
Free API for algo trading
TradingView-integrated charts across web & desktop
GTT orders, basket orders, strategy builder
NRI accounts (NRE + NRO, PIS + non-PIS)
MF, IPO, G-Secs, Sovereign Gold Bonds, ETFs — wide product range
Desktop .exe + web + mobile triple platform
Disadvantage
Dhani Stocks :

✘ Where Dhani Stocks Short

Parent company (Dhani Services) has pivoted to real estate as primary business — broking is secondary
Parent quarterly revenue declining (Q1 FY26 down 24.7% YoY)
Parent stock (Dhani Services) declined ~15% over 6 months
Customer support widely reported as slow
Multiple name changes (Indiabulls → Dhani) create brand confusion
Platform innovation slower than app-first brokers
Commodity brokerage 0.03% (not flat fee) — less predictable
No GTT orders
No advanced order types (basket, iceberg, multi-leg)
Firstock :

✘ Where Firstock Falls Short

Very new brand (Firstock since June 2025) — limited public track record and review data
Small user base (25,000+ active) — less stress-tested infrastructure vs major brokers
No commodity trading (MCX)
Call & Trade: ₹50+GST per order — high for a smaller broker
Auto square-off: ₹50+GST per order
DDPI charge: ₹100+GST one-time
Login delay issues reported during heavy market sessions
Bangalore-only head office; no physical branch presence
F&O brokerage ₹20 is standard, not a differentiator
Why This
Dhani Stocks :
  • Free Delivery Trade, Dhani Stocks does not charge any brokerage on Delivery trade.
  • Rs.15 per executed order across all the segments
  • Dhani Stocks is a part of Indiabulls Group, the pioneer of the financial service, and has had its presence in housing finance, infrastructure, wealth management, consumer finance for 20+ years.
  • 100% paperless online Demat account opening
  • Dhani Stocks offers unlimited trading and a free Demat account with a monthly subscription plan of INR 500.
  • Dhani Stocks offers nil brokerage in unlimited trading subscription plans in equity delivery, intraday, and F&O.
  • Dhani Stocks Demat account offers loans based on the securities in the account.
  • Dhani Stocks supports exchanges — MCX, NSE, BSE, AND NCDEX.
  • Dhani Stocks offers the lowest commodity trading brokerage of 3 paise or 0.03%
  • Dhani Stocks offers extensive deep market research on mutual funds, equity reports, daily market reports, research ETF, quarterly analysis results, free tips, and news alerts for free.
  • Dhani Stocks is India's first online broker company to obtain CRISIL's, the leading trader quality grading of BQ-1, for its outstanding financial stability.
Firstock :
  • They offer a wide range of services, including Equity (Stocks), Futures & Options (F&O), ETFs (Exchange Traded Funds), Sovereign Gold Bonds (SGBs), Government Securities (G-Secs), and Stock SIPs.
  • You can access trading through their feature-rich mobile app, web platform, and desktop Exe, catering to all types of traders.
  • You can unlock additional margin instantly using existing holdings, allowing you to maximize your trading capacity without selling assets.
  • Get instant trade updates, market alerts, and notifications, helping you stay on top of market movements and act swiftly.
  • Analyze company performance with interactive charts and detailed financial reports, helping you make well-informed, research-backed investment decisions.
  • The account opening process is easy and paperless, with instant verification via Aadhaar and DigiLocker.
  • They offer a Discount Plan with brokerage charges as low as Rs 20 per executed order across various segments, including Equity Delivery, Intraday, Futures, Options, Currency, and Commodity.

Dhani Stocks vs Firstock Account Opening & AMC Charges

Dhani Stocks Trading Account Opening Fee is Rs 0 (Free) and Firstock Trading Account Opening Fee is ₹0 . Dhani Stocks Demat Account AMC is Rs 0 and Firstock Demat Account AMC is ₹0 .

Dhani Stocks Firstock
Trading Account Opening Fee Trading Account Opening Fee :

Rs 0 (Free)

Trading Account Opening Fee :

₹0

Demat Account Opening Fee Demat Account Opening Fee :

Rs 0

Demat Account Opening Fee :

₹0

Demat Account AMC Demat Account AMC :

Rs 0

Demat Account AMC :

₹0

Trading Account AMC Trading Account AMC :

Rs 0

Trading Account AMC :

₹0


Dhani Stocks vs Firstock Brokerage Charges

Dhani Stocks Brokerage Charges Equity Delivery is Rs 0 (Free) and Equity Intraday is Rs 0 (Free) and Equity Options is Rs 0 (Free) . Firstock Brokerage Charges

Dhani Stocks Firstock
Plan Name Plan Name :

Dhani Stocks default Brokerage Plan

Plan Name :

Dhani Stocks Unlimited Brokerage Plan

Plan Name :

Standard Plan

Equity Delivery Equity Delivery :

Rs 0 (Free)

Equity Delivery :

Rs 0

Equity Delivery :

₹0

Equity Intraday Equity Intraday :

Rs 0 (Free)

Equity Intraday :

Rs. 20 per executed order or 2.5% whichever is low

Equity Intraday :

₹20 per executed order

Equity Future Equity Future :

Rs 0 (Free)

Equity Future :

Rs. 20 per executed order

Equity Future :

₹20 per order, 0.03% or whichever is lower

Equity Options Equity Options :

Rs 0 (Free)

Equity Options :

Rs. 20 per executed order

Equity Options :

₹20 per order, 0.03% or whichever is lower

Currency Futures Currency Futures :

Rs 0 (Free)

Currency Futures :

Rs. 20 per executed order

Currency Futures : -
Currency Options Currency Options :

Rs 0 (Free)

Currency Options :

Rs. 20 per executed order

Currency Options : -
Monthly Fee Monthly Fee : - Monthly Fee : - Monthly Fee : -
Margin Trading Margin Trading : - Margin Trading : - Margin Trading : -
Commodity Futures Commodity Futures : - Commodity Futures :

Rs. 20 per executed order

Commodity Futures : -
Commodity Options Commodity Options : - Commodity Options :

Rs. 20 per executed order

Commodity Options : -

Dhani Stocks vs Firstock Exchange Transaction Charges

Dhani Stocks Exchange Transaction Charges Equity Future is NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 and Equity Options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) . Firstock Exchange Transaction Charges Equity Future is ₹20 per order, 0.03% or whichever is lower and Equity Options is ₹20 per order, 0.03% or whichever is lower .

Dhani Stocks Firstock
Equity Delivery Equity Delivery :

NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)

Equity Delivery :

₹0

Equity Intraday Equity Intraday :

NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)

Equity Intraday :

Rs 20 per executed order

Equity Future * Equity Future :

NSE Rs 190 per Cr (0.0019%) | BSE Rs 0

Equity Future :

₹20 per order, 0.03% or whichever is lower

Equity Options * Equity Options :

NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium)

Equity Options :

₹20 per order, 0.03% or whichever is lower

Currency Futures * Currency Futures :

NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)

Currency Futures : -
Currency Options Currency Options :

NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)

Currency Options : -
Commodity Commodity :

Agro (MCX) Group A: Rs 260 per cr (0.0026%)

Commodity : -

Dhani Stocks vs Firstock Other Charges

Dhani Stocks Minimum Brokerage is Rs 0.01 per order (for Equity, F&O, Currency) and Call & Trade is Rs 0 (Free) . Firstock and Call & Trade is ₹50 .

Dhani Stocks Firstock
Minimum Brokerage Minimum Brokerage :

Rs 0.01 per order (for Equity, F&O, Currency)

Minimum Brokerage : -
Call & Trade Call & Trade :

Rs 0 (Free)

Call & Trade :

₹50

Stamp Duty * Stamp Duty : - Stamp Duty :

Delivery: 0.015%, Intraday: 0.003%

DP Charges (on sell side) DP Charges (on sell side) :

₹13.5 per scrip

DP Charges (on sell side) : -
Other Miscellaneous Charges Other Miscellaneous Charges :

Margin trading funding: 18% P. A.

Other Miscellaneous Charges : -

Dhani Stocks vs Firstock Features

Dhani Stocks and Firstock both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

Dhani Stocks Firstock
Trading Platform Trading Platform :

Dhani Stocks App

Trading Platform :

Trade & Invest: Mobile App, Desktop Exe, Web

Placing orders through charts Placing orders through charts : - Placing orders through charts :

Yes

Trading Alerts Trading Alerts : - Trading Alerts :

Yes

Research and Advice / Trading Tips Research and Advice / Trading Tips : - Research and Advice / Trading Tips :

No

Detailed Education Initiatives Detailed Education Initiatives : - Detailed Education Initiatives :

No

Unique features & Offers Unique features & Offers : - Unique features & Offers : -
Referral Program Referral Program :

1

Referral Program :

Yes

Margin Against Shares (Equity Cash) * Margin Against Shares (Equity Cash) :

Yes

Margin Against Shares (Equity Cash) :

Yes

Margin Against Shares (Equity F&O) * Margin Against Shares (Equity F&O) :

Yes

Margin Against Shares (Equity F&O) :

Yes


Dhani Stocks vs Firstock Demat Account Charges

A comparative table of various demat account charges between Dhani Stocks and Firstock is below:

Dhani Stocks Firstock
Depository Service Provider Depository Service Provider :

CDSL, NSDL

Depository Service Provider :

CDSL and NSDL

Account Opening Fee Account Opening Fee :

Nil

Account Opening Fee :

₹0

Advance Deposit Advance Deposit :

Nil

Advance Deposit : -
AMC AMC :

Nil

AMC :

₹0

Dematerialisation Charges Dematerialisation Charges :

₹5 per certificate/unit + ₹50 courier charges

Dematerialisation Charges :

₹150 (per certificate)

Rematerialisation Charges Rematerialisation Charges :

₹35 for every 100 securities/MF units or part thereof

Rematerialisation Charges :

₹150 (per certificate)

Transaction Charges (Credit) Transaction Charges (Credit) : - Transaction Charges (Credit) : -
Transaction Charges (debit) Transaction Charges (debit) :

₹13.5 per trasnaction

Transaction Charges (debit) :

Sell-Rs.8-+ Rs.5.50/- + GST (CDSL Charges)

Pledge Creation Charges Pledge Creation Charges :

₹35 or 0.02% of the transaction value whichever is higher

Pledge Creation Charges : -
Pledge Creation Confirmation Charges Pledge Creation Confirmation Charges :

₹35 or 0.02% of the transaction value whichever is higher

Pledge Creation Confirmation Charges : -
Pledge Invocation Charges Pledge Invocation Charges :

₹35 or 0.02% of the transaction value whichever is higher

Pledge Invocation Charges : -
Failed Instruction Charges Failed Instruction Charges :

Nil

Failed Instruction Charges : -
Other Charges Other Charges :

  1. Margin Pledge /Unpledge: ₹15
  2. Margin pledge Invocation: Nil
  3. Fax Indemnity - Actual
  4. Demat Rejection - ₹25 + Courier Charges
  5. Renewal charges for resuming the Services - ₹100 per account.
  6. Interest at 24% p.a for NSDL client and 13% p.a for CDSL client is charged on the outstanding bill after one month from the due date.

Other Charges : -

Dhani Stocks vs Firstock Basic Details

Dhani Stocks Year of Incorporation is 2000 and Total Number of Clients is 30286 and Total Number of Branches is 18 . Firstock Year of Incorporation is 2021 and and .

Dhani Stocks Firstock
Year of Incorporation Year of Incorporation :

2000

Year of Incorporation :

2021

Active Exchange Memberships Active Exchange Memberships :

NSE, BSE, MCX & NCDEX

Active Exchange Memberships :

NSE, BSE

Demat Services Demat Services :

Yes

Demat Services :

CDSL, NSDL

Website Website : https://www.dhanistocks.com/ Website : https://www.firstock.in/
Contact Details Contact Details : - Contact Details :

080 4670 2050

Total Number of Clients Total Number of Clients :

30,286

Total Number of Clients : -
Total Number of Branches Total Number of Branches :

18

Total Number of Branches : -
Products * Products :

Mutual Fund, Broking

Products :

Equity, F&O, ETFs, SGBs


Dhani Stocks vs Firstock Orders

Orders

Dhani Stocks Firstock
Cover Orders (CO) Cover Orders (CO) :

Yes

Cover Orders (CO) :

No

Bracket orders / One Cancels Other (BO / OCO) Bracket orders / One Cancels Other (BO / OCO) :

Yes

Bracket orders / One Cancels Other (BO / OCO) :

No

After Market Orders (AMO) After Market Orders (AMO) :

Yes

After Market Orders (AMO) :

Yes

Buy Today Sell Tomorrow (BTST) * Buy Today Sell Tomorrow (BTST) :

Yes

Buy Today Sell Tomorrow (BTST) :

Yes

Sell Today Buy Tomorrow (STBT) * Sell Today Buy Tomorrow (STBT) :

No

Sell Today Buy Tomorrow (STBT) :

Yes

Good Till Cancelled (GTC) * Good Till Cancelled (GTC) :

No

Good Till Cancelled (GTC) :

No


Dhani Stocks vs Firstock Research and Advice / Trading Tips

Research and Advice / Trading Tips

Dhani Stocks Firstock
Equity Trading Recommendation * Equity Trading Recommendation : - Equity Trading Recommendation :

No

Equity Investment Recommendation * Equity Investment Recommendation : - Equity Investment Recommendation :

No

Recommendation basis risk Profile * Recommendation basis risk Profile : - Recommendation basis risk Profile :

No

Comparison * Comparison : - Comparison :

No

Free Tips * Free Tips :

No

Free Tips :

No

Daily Market report * Daily Market report :

No

Daily Market report :

No

ETF research * ETF research : - ETF research :

Yes

Quarterly Results * Quarterly Results :

No

Quarterly Results :

No


Dhani Stocks vs Firstock Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

Dhani Stocks Firstock
Availability for franchisee / AP Availability for franchisee / AP : - Availability for franchisee / AP :

No

Investment required for Franchisee / AP Investment required for Franchisee / AP : - Investment required for Franchisee / AP :

No


Dhani Stocks vs Firstock Product & Services

Dhani Stocks and Firstock both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

Dhani Stocks Firstock
Delivery Based Trading * Delivery Based Trading :

Yes

Delivery Based Trading :

Yes

Margin Trading * Margin Trading :

No

Margin Trading :

Yes

Call N Trade * Call N Trade :

Yes

Call N Trade :

Yes

Trading in Both the exchanges * Trading in Both the exchanges :

Yes

Trading in Both the exchanges :

Yes

Limit Order * Limit Order :

Yes

Limit Order :

Yes

3-in-1 On-line Trading Account * 3-in-1 On-line Trading Account :

No

3-in-1 On-line Trading Account :

No

NRI Services * NRI Services :

Yes

NRI Services :

Yes

SMS Alerts * SMS Alerts :

Yes

SMS Alerts :

Yes

Offers Multiple Plan * Offers Multiple Plan :

Yes

Offers Multiple Plan :

No

IPO Investment * IPO Investment :

Yes

IPO Investment :

Yes

Portfolio Analysis * Portfolio Analysis : - Portfolio Analysis :

No

Advanced Charting Features * Advanced Charting Features : - Advanced Charting Features :

Yes

Brokerage Calculator * Brokerage Calculator : - Brokerage Calculator :

Yes

Margin Calculator * Margin Calculator : - Margin Calculator :

Yes

Stop Loss Order * Stop Loss Order : - Stop Loss Order : -
Bracket Orders & Trailing Stop Loss * Bracket Orders & Trailing Stop Loss : - Bracket Orders & Trailing Stop Loss : -
Equity Future & Option Trading * Equity Future & Option Trading : - Equity Future & Option Trading :

Yes

Currency Future & Option Trading * Currency Future & Option Trading : - Currency Future & Option Trading :

No

Market Trading * Market Trading : - Market Trading :

Yes

Monthly & Yearly Plan * Monthly & Yearly Plan :

Yes

Monthly & Yearly Plan :

No

Aumtomated Trading * Aumtomated Trading : - Aumtomated Trading :

Yes


Dhani Stocks vs Firstock Customer Services

Dhani Stocks and Firstock both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

Dhani Stocks Firstock
Toll Free Number * Toll Free Number : - Toll Free Number :

Yes

Live Chat Facility * Live Chat Facility : - Live Chat Facility :

No

Email Facility * Email Facility : - Email Facility :

Yes

Branch Offices * Branch Offices : - Branch Offices :

No

Customer Care * Customer Care : - Customer Care :

Yes

Community Service * Community Service : - Community Service :

No

Relationship Manager * Relationship Manager : - Relationship Manager :

No

24/7 Support * 24/7 Support : - 24/7 Support :

No


Dhani Stocks vs Firstock Other Investement

Dhani Stocks and Firstock both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

Dhani Stocks Firstock
Commodity Trading * Commodity Trading : - Commodity Trading :

No

Investment in ETFs * Investment in ETFs : - Investment in ETFs :

Yes

Investment in Mutual Funds * Investment in Mutual Funds : - Investment in Mutual Funds :

Yes

Investment in Bonds * Investment in Bonds : - Investment in Bonds :

No

Investment in Corporate Debt instruments * Investment in Corporate Debt instruments : - Investment in Corporate Debt instruments :

No

Insurance Services * Insurance Services : - Insurance Services :

No

Banking Services * Banking Services : - Banking Services :

No


Dhani Stocks vs Firstock Trading Platform

Dhani Stocks and Firstock both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

Dhani Stocks Firstock
Web Platform * Web Platform : - Web Platform :

Yes

Android Mobile App * Android Mobile App : - Android Mobile App :

Yes

Desktop Windows * Desktop Windows : - Desktop Windows :

Yes

Desktop Mac * Desktop Mac : - Desktop Mac :

No

I-Pad App * I-Pad App : - I-Pad App :

No

Virtual Trading * Virtual Trading : - Virtual Trading : -
iPhone Mobile App * iPhone Mobile App : - iPhone Mobile App :

Yes

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