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Dhan vs Firstock (Compare Dhan 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 Dhan vs Firstock, Below comparison of Dhan 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 Dhan vs Firstock is given below:

Dhan

Firstock

	Dhan	Firstock

About The Brokers

Dhan :

A genuinely unique pricing feature: Dhan offers a 50% brokerage discount for women customers — ₹10/order instead of ₹20 for intraday and F&O trades. This is the only major discount broker in >>> 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 :

Dhan :

OVERVIEW

Firstock :

OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS

Type of Broker

Dhan :

Discount Broker

Firstock :

Discount Broker

Promo/offers

Dhan :

N/A

Firstock :

N/A

Advantage

Dhan :

✔ What Dhan Does Well

✓	First Indian broker on TradingView.com — trade options directly from TradingView
✓	Dedicated Options Trader app (web + mobile) with strategy builder
✓	Super Order — entry + target + stop-loss placed simultaneously in one click
✓	50% women discount — ₹10/order (only broker in India with gender pricing)
✓	₹0 AMC + ₹0 account opening
✓	DhanHQ free API — algo trading at ₹0 cost
✓	915 Terminal — power trader desktop with speed and flexibility
✓	Iceberg Plus — large order slicing for institutional-scale retail
✓	~1 million active clients — proven at scale
✓	Backed by Mirae Asset, Blume, 3one4 Capital
✓	MF, IPO, ETF, SGB, Bonds, Smallcase all available

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

Dhan :

✘ Where Dhan Falls Short

✗	No NRI accounts
✗	Commodity (MCX) trading not clearly supported despite MCX membership
✗	₹20 brokerage same as Zerodha, Angel One — no pricing differentiation
✗	Customer support reported as variable during peak hours
✗	Pledge charge: ₹15+GST per instruction (Firstock and mStock offer ₹0)
✗	No physical branches — 100% online only
✗	Relatively new (2021) vs Zerodha/HDFC SKY institutional depth

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

Dhan :

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.

Dhan vs Firstock Account Opening & AMC Charges

- and Firstock Trading Account Opening Fee is ₹0 . - and Firstock Demat Account AMC is ₹0 .

	Dhan	Firstock
Trading Account Opening Fee	Trading Account Opening Fee : -	Trading Account Opening Fee : ₹0
Demat Account Opening Fee	Demat Account Opening Fee : -	Demat Account Opening Fee : ₹0
Demat Account AMC	Demat Account AMC : -	Demat Account AMC : ₹0
Trading Account AMC	Trading Account AMC : -	Trading Account AMC : ₹0

Dhan vs Firstock Brokerage Charges

Dhan Brokerage Charges Firstock Brokerage Charges

	Dhan	Firstock
Plan Name	-	Plan Name : Standard Plan
Equity Delivery	-	Equity Delivery : ₹0
Equity Intraday	-	Equity Intraday : ₹20 per executed order
Equity Future	-	Equity Future : ₹20 per order, 0.03% or whichever is lower
Equity Options	-	Equity Options : ₹20 per order, 0.03% or whichever is lower
Currency Futures	-	Currency Futures : -
Currency Options	-	Currency Options : -
Monthly Fee	-	Monthly Fee : -
Margin Trading	-	Margin Trading : -
Commodity Futures	-	Commodity Futures : -
Commodity Options	-	Commodity Options : -

Dhan vs Firstock Exchange Transaction Charges

Dhan Exchange Transaction Charges - and - . 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 .

	Dhan	Firstock
Equity Delivery	Equity Delivery : -	Equity Delivery : ₹0
Equity Intraday	Equity Intraday : -	Equity Intraday : Rs 20 per executed order
Equity Future *	Equity Future : -	Equity Future : ₹20 per order, 0.03% or whichever is lower
Equity Options *	Equity Options : -	Equity Options : ₹20 per order, 0.03% or whichever is lower
Currency Futures *	Currency Futures : -	Currency Futures : -
Currency Options	Currency Options : -	Currency Options : -
Commodity	Commodity : -	Commodity : -

Dhan vs Firstock Other Charges

Dhan and . Firstock and Call & Trade is ₹50 .

	Dhan	Firstock
Minimum Brokerage	Minimum Brokerage : -	Minimum Brokerage : -
Call & Trade	Call & Trade : -	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) : -	DP Charges (on sell side) : -
Other Miscellaneous Charges	Other Miscellaneous Charges : -	Other Miscellaneous Charges : -

Dhan vs Firstock Features

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

	Dhan	Firstock
Trading Platform	Trading Platform : -	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 : -	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

Dhan vs Firstock Demat Account Charges

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

	Dhan	Firstock
Depository Service Provider	Depository Service Provider : -	Depository Service Provider : CDSL and NSDL
Account Opening Fee	Account Opening Fee : -	Account Opening Fee : ₹0
Advance Deposit	Advance Deposit : -	Advance Deposit : -
AMC	AMC : -	AMC : ₹0
Dematerialisation Charges	Dematerialisation Charges : -	Dematerialisation Charges : ₹150 (per certificate)
Rematerialisation Charges	Rematerialisation Charges : -	Rematerialisation Charges : ₹150 (per certificate)
Transaction Charges (Credit)	Transaction Charges (Credit) : -	Transaction Charges (Credit) : -
Transaction Charges (debit)	Transaction Charges (debit) : -	Transaction Charges (debit) : Sell-Rs.8-+ Rs.5.50/- + GST (CDSL Charges)
Pledge Creation Charges	Pledge Creation Charges : -	Pledge Creation Charges : -
Pledge Creation Confirmation Charges	Pledge Creation Confirmation Charges : -	Pledge Creation Confirmation Charges : -
Pledge Invocation Charges	Pledge Invocation Charges : -	Pledge Invocation Charges : -
Failed Instruction Charges	Failed Instruction Charges : -	Failed Instruction Charges : -
Other Charges	Other Charges : -	Other Charges : -

Dhan vs Firstock Basic Details

Dhan and Total Number of Clients is 979483 and . Firstock Year of Incorporation is 2021 and and .

	Dhan	Firstock
Year of Incorporation	Year of Incorporation : -	Year of Incorporation : 2021
Active Exchange Memberships	Active Exchange Memberships : -	Active Exchange Memberships : NSE, BSE
Demat Services	Demat Services : -	Demat Services : CDSL, NSDL
Website	Website : -	Website : https://www.firstock.in/
Contact Details	Contact Details : -	Contact Details : 080 4670 2050
Total Number of Clients	Total Number of Clients : 979,483	Total Number of Clients : -
Total Number of Branches	Total Number of Branches : -	Total Number of Branches : -
Products *	Products : -	Products : Equity, F&O, ETFs, SGBs

Dhan vs Firstock Orders

Orders

	Dhan	Firstock
Cover Orders (CO)	Cover Orders (CO) : -	Cover Orders (CO) : No
Bracket orders / One Cancels Other (BO / OCO)	Bracket orders / One Cancels Other (BO / OCO) : -	Bracket orders / One Cancels Other (BO / OCO) : No
After Market Orders (AMO)	After Market Orders (AMO) : -	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) : Yes	Sell Today Buy Tomorrow (STBT) : Yes
Good Till Cancelled (GTC) *	Good Till Cancelled (GTC) : Yes	Good Till Cancelled (GTC) : No

Dhan vs Firstock Research and Advice / Trading Tips

Research and Advice / Trading Tips

	Dhan	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 : -	Free Tips : No
Daily Market report *	Daily Market report : -	Daily Market report : No
ETF research *	ETF research : -	ETF research : Yes
Quarterly Results *	Quarterly Results : -	Quarterly Results : No

Dhan vs Firstock Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	Dhan	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

Dhan vs Firstock Product & Services

Dhan 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:

	Dhan	Firstock
Delivery Based Trading *	Delivery Based Trading : -	Delivery Based Trading : Yes
Margin Trading *	Margin Trading : -	Margin Trading : Yes
Call N Trade *	Call N Trade : -	Call N Trade : Yes
Trading in Both the exchanges *	Trading in Both the exchanges : -	Trading in Both the exchanges : Yes
Limit Order *	Limit Order : -	Limit Order : Yes
3-in-1 On-line Trading Account *	3-in-1 On-line Trading Account : -	3-in-1 On-line Trading Account : No
NRI Services *	NRI Services : -	NRI Services : Yes
SMS Alerts *	SMS Alerts : -	SMS Alerts : Yes
Offers Multiple Plan *	Offers Multiple Plan : -	Offers Multiple Plan : No
IPO Investment *	IPO Investment : -	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 : -	Monthly & Yearly Plan : No
Aumtomated Trading *	Aumtomated Trading : -	Aumtomated Trading : Yes

Dhan vs Firstock Customer Services

Dhan 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:

	Dhan	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

Dhan vs Firstock Other Investement

Dhan 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:

	Dhan	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

Dhan vs Firstock Trading Platform

Dhan 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:

	Dhan	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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