Founder - Burn Inves...ย โขย 26d
Letโs rate some discount brokers today โ just for fun. Over the years, Iโve opened and used accounts with pretty much all the major discount brokers out there Groww, Zerodha, Dhan, Fyers, and a few others. Some of them really impressed me, others were disappointing, and a few were just okay. For me personally, customer support matters a lot more than anything else. After that, itโs about the user experience how smooth and simple the platform feels. Based on my own experience, my top 3 picks would be Groww, Zerodha, and Dhan. ๐น Zerodha Zerodha used to be amazing back when it was pretty much the only real player in the discount broking space. Itโs still decent, but I feel like itโs not keeping up with the newer platforms. The biggest issue? Customer support. Especially for people who prefer Hindi or other Indian languages, getting help can be frustrating. Also, itโs a bit on the expensive side now, compared to the competition. Overall, Iโd rate Zerodha 5 out of 10 not terrible, but nowhere near what it used to be. ๐น Dhan Dhan feels like it was designed to be a cheaper alternative to Zerodha and in many ways, it is. Thereโs no account opening fee, no AMC, and itโs pretty user friendly. But while most brokers offer instant withdrawals up to โน1 lakh, Dhan doesnโt. They claim to have fast withdrawal, but in reality, it works more like a regular process. What really bothers me is the customer support honestly, itโs been bad. A lot of times, they donโt even pick up calls. That said, Iโve noticed theyโre trying to improve. So for now, Iโd give Dhan a 6 out of 10 itโs got potential, but needs work. ๐น Groww Groww stands out, mainly because of its top-notch customer support. You can talk to them in any language, through calls or even text, and they actually respond thatโs a big deal. The app interface is clean and beginner friendly. Earlier they had a few tech glitches, but lately things seem pretty solid. There is only one small issue Iโve noticed in their mutual fund section: Letโs say you bought โน10,000 worth of a fund, and then sold โน5,000. Sometimes, even after the money is credited to your bank account, the app still shows โน10,000 for a few days. Itโs a bit confusing, but if you report it, they fix it pretty fast. So, no major complaints just a little hiccup in portfolio tracking. Iโm sure theyโll sort that out too. Iโd happily give Groww an 8 out of 10 solid choice overall.
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