FREE Account Opening + Zero AMC Fees* + MutualFund SIP1

Dhan Review 2024

Rated 3/5 by InvestorGain Team
Last updated on: 14-Sep-2023
Dhan Review
  1. The Pioneer Discount Broker
  2. Get 100% Free Delivery Trading
  3. Free Direct Mutual Funds & SIP

Dhan Review 2024 - Quick Summary

Open a free Dhan Demat and trading account and start trading at just Rs 20 brokerage on the lightning and superfast Dhan App, web, and Options Trader platform. It is the first broker to provide a dedicated options trading platform and allow Direct trading from charts with TradingView platform.

Dhan Top Highlight for 2024

  • Free account opening and no AMC on trading and demat account.
  • Trade at Maximum Rs 20/order brokerage.
  • No charges on delivery trades.
  • Super fast and lightning Dhan app and web platform.
  • Best trading platform for options: Options Trader app and web.
  • Direct trading on charts with TradingView platform.

About Dhan

Dhan Broker was founded in 2021 and within a short span of time, it has become one of the fastest-growing discount brokers in India. Dhan is a technology-led brokerage house that has developed super-fast technology and easy-to-use platforms. Whether you are a trader or an investor, Dhan broker has the best platforms including Dhan app and website. Its Option Trader App is India's first options trading platform with incredible features for F&O traders. Dhan is also the first stock broker in India to enable direct trading on the TradingView platform.

Residents can open a free Dhan trading and demat account to trade stocks, futures and options, commodities, currencies, IPOs and ETFs. Dhan is thus a one-stop solution for all your trading and investment needs.

Do not worry about brokerage charges as the broker does not charge for delivery trading while trading in other segments is charged a maximum of Rs 20 per executed order irrespective of the trading volume.

Let us dive in to get an honest and unbiased Dhan Broker Review 2023 including account opening charges, brokerage fees, Dhan App and Option Trader App platform features, how to contact Dhan customer care and the pros and cons of trading with Dhan.

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  • Free Delivery Trading
  • Max Rs. 20 per order brokerage on intraday,F&O,Commodities and Currency
  • Free Direct Mutual Funds and IPO Investment
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Dhan Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 3/5

Dhan follows a simple flat fee brokerage model and charges clients a fixed brokerage for trading in all segments. Delivery trading is completely free, meaning you can invest in stocks with Dhan for free.

For intraday trading in equities and futures trading in equity, commodity and currency segments, a lower fee of Rs 20 or 0.03% per order is charged. However, options trading is charged at Rs 20 per executed order.

Thus, Rs 20 will be the maximum brokerage fee for trading with Dhan. On the brokerage front, it charges highly competitive brokerage that is in line with the Zerodha, Upstox, and 5paisa.

Dhan Account Opening Charges

Trading Account Opening Charges: Free
Trading Account AMC: Free
Demat Account Opening Charges: Free
Demat Account AMC: Free

Dhan Brokerage Plan with closest competitors

Here we are comparing Dhan with its 5 close competitors, who are currently market leader in brokerage industry.

Broker Dhan 5paisa Zerodha Upstox Paytm Money
Service Type Discount Broker Discount Broker Discount Broker Discount Broker Discount Broker
Brokerage Range Rs 20 Rs 20 Rs 20 Rs 20 Rs 20
Account Type 2 in 1 2 in 1 3 in 1 3 in 1 2 in 1
Equity Delivery Free Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower 2.5% or Rs 20 whichever is lower
Equity Intraday 0.03% or Rs 20 whichever is lower Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Futures 0.03% or Rs 20 whichever is lower Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Commodity Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Currency Futures 0.03% or Rs 20 whichever is lower Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower NA
Currency Options Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA

Other Charges

  • Call & Trade Charges: Rs 50 per order + GST
  • RMS Auto Square Off Charges: Rs 20 per order + GST
  • Hidden Charges: No
  • Demat debit charges (DP charges):: Rs 12.5/ISIN + GST
  • Pledging charges:: Rs 12.5/ISIN + GST

For complete brokerage charges and trading plans detail please visit Dhan Brokerage Charges.

Please refer unique and accurate Dhan Brokerage Calculator

Type of Account offered by Dhan

Are you a resident of India? You can open a 2-in-1 account (Demat + Trading) with Dhan at zero fees.

Dhan Demat Account

Dhan is a CDSL depository participant that allows users to open a demat account. Dhan Demat account gives you access to stocks, commodities, currencies, and F&O contracts. Open a free demat account with Dhan at zero cost. The discount broking company also does not charge any account maintenance fees from customers.
Features of Dhan Demat account;

  • Free account opening
  • No account maintenance fee
  • No minimum balance required
  • Get upto 4X leverage on 950+ stocks.

Dhan Trading Account

The trading account at Dhan allows you to trade (buy and sell) in equity intraday, equity derivatives, commodities, and currency segments. If you want to invest only in stocks, you can simply open an equity trading account, while if you want to trade in the derivatives segment as well, you can activate the F&O segment at the time of account opening or even later.

Is the account opening with Dhan Broker free of charge? Yes, absolutely free, Dhan charges Rs 0 account opening fee and AMC fee for a lifetime. At Dhan you can invest in shares for free and intraday and F&O trades are charged only Rs 20 per order brokerage.

How to open Dhan Account online?

Complete your KYC digitally in less than 10 minutes to open a Dhan trading and demat account online and start your trading and investing journey. Dhan stockbroker has a user-friendly, hassle-free and 100% paperless Dhan account opening process.

Steps to open a Dhan demat and trading account online;

  1. Download the Dhan app on an Android or iOS device.
  2. Enter your mobile number and OTP to register.
  3. Enter a 6-digit PIN number to access your account.
  4. Enter and verify your email address.
  5. Provide PAN number and complete the KYC verification process.
  6. Add personal information and proof of address.
  7. Upload a picture or take a selfie to add your picture.
  8. Record and upload a video of yourself to complete the in-person verification (IPV) process.
  9. E-sign the account opening form (AOF) with your Aadhaar details.
  10. That's Done!

All the details will be verified by the customer care team and the Demat account will be activated within 24 working hours. The Unique Client Code (UCC) and password will be provided to you through the registered email address. With the login details, you can access the Dhan app, Dhan web, Options Trader app and web, and TradingView charting platform.

  1. Free Demat Account
  2. 100% Free Delivery Trade
  3. Online Account Opening

Alternatives to Dhan

 Demat Account
 Demat Account
 Demat Account
 Demat Account

Dhan Mobile App and Trading Platforms

Trading Platforms Rated 3/5

Dhan Broker allows customers to trade online using its mobile app and trading website. It does not provide an installable desktop trading terminal to day traders. Dhan platforms (Dhan app, web, and Options Trader) are designed with superfast technology infrastructure and are great for both super traders and long-term investors. There are no charges to use Dhan platforms. Let’s take a quick look at the main features of Dhan platforms.

Dhan Mobile App – Android and iOS App

  • Dhan mobile trading app is an all-in-one app to trade and invest in shares, derivatives, currencies, and commodities segments. The app simplifies your trading and investing journey with many advanced features such as instant buy and sell order placement, multiple orders, 5 customized watchlists, price alerts, trade directly with TradingView charts, multi-view charting with upto 5 charts, hundreds of technical indicators, margin trading, and instant pledge margin benefits.
    Users can place advanced orders like BO, CO, basket order, forever order, and Iceberg order on the Dhan app. Download the Dhan App on Android devices and iOS smartphones from the respective stores – Play Store and App Store.

Dhan Website – Browser trading platform

  • Are you comfortable trading on the browser, Dhan has a trading website for you. You can log in to the Dhan trading website on any compatible browser like Chrome, Internet Explorer, and Safari. The platform has many prominent features such as multiple watchlists with unlimited stocks, technical charting along with TradingView, live market updates, real-time news, advanced orders, and margin funding.
    Dhan web has 2-factor authentications (2FA) with primary login through QR scan and via Dhan App. It is the first broker to launch QR-based authentication to make the platform safe and secure.

Dhan Options Trader [Mobile App and Web]

  • Options Trader by Dhan is the best app for options trading. If you are a F&O trader, you can trade in options using the Options Trader app or web platform. The platform has a wide array of features from advanced option chain analytics to option Greeks, options screener, pre-built option trading strategies, customized strategy builder, real-time pay-off graphs, explore bullish and bearish market trends and more.
    Dhan’s deep integration with TradingView further allows customers to even place buy and sell orders directly on charts. Download the Options Trader app now to trade seamlessly in futures & options.

Dhan and Tradingview

  • Dhan is India’s first discount broker to allow direct trading on charts facility to customers through integration with TradingView. It is a great feature for traders to provide an unbeatable trading experience like never before. Dhan users can access the TradingView charts and lots of indicators on the web and app platform for free at no additional fees.

For detail review of mobile app and download please visit Dhan Trading Platform Review.

Dhan Trading Pros

  • No account opening fees.
  • No brokerage fees for investing in stocks, IPO, and ETF.
  • Rs 20 competitive brokerage plan.
  • TradingView charting platform.
  • Lightning, fast, and user-friendly Dhan app and web platform.
  • Powerful options trader app and web platform for F&O traders.
  • Instant withdrawal of funds to your bank account in just a few minutes.
  • Margin trading facility.
  • Start daily, weekly and monthly SIP in stocks and ETFs.
  • After-market order (AMO), Basket order, Bracket order (BO), Cover order (CO) and Forever order.
  • 50% brokerage discount to women traders and investors.

Dhan Trading Cons

  • You cannot invest in mutual funds and sovereign gold bonds.
  • No installable trading terminal.
  • High fees for call & trade services.
  • Does not offer stock market trading tips, equity research & advisory.
  • You cannot open a 3-in-1 account in Dhan.
  • NRIs cannot open Dhan trading and demat accounts.

Dhan Customer Care info

There are several ways to contact Dhan to resolve a complaint or grievance, including a comprehensive knowledge base and FAQs. Stuck somewhere? Ask your questions by emailing the Dhan helpline or get phone support from customer service representatives. The broker offers phone support from 9:00 am to 6:00 pm on trading days. As user-friendliness experience is paramount, the Dhan customer service team strives to answer all customer queries within the turnaround time. Alternatively, you can also get help via online chat from 9:00 am to 6:00 pm.

The stockbroker does not have physical branches or offices for offline support. Personalized support is also unavailable as Dhan does not have dedicated relationship managers.

Final thought about Dhan

Rated 3/5 by 12 users

Dhan despite being a relatively new entrant in the brokerage space, it stands as a very competitive discount broker in terms of Rs 20 flat rate brokerage model, the best technology Dhan trading platforms, innovative features, and more. If it seems exciting to you, open a demat and trading account with Dhan for free and enjoy a hassle-free trading experience.

However, for beginners who want to kickstart their journey with mutual fund investment products, it is advisable to open an account with leading brokerage houses like Zerodha, Upstox, etc.

Request call back from Zerodha

Last updated on: 2023-09-14


Pravin Jadhav who has established a fintech startup, Raise Financial Services, is the founder & CEO of Dhan brokerage firm. He was earlier the founder of Paytm Money. Dhan aims to be India’s leading discount stockbroker by providing the simple, lightning, and superfast technology trading platforms for super traders and long-term investors.


Yes, Dhan is a SEBI-registered discount stock broker with registration number INZ000006031. It is a trading member of BSE, NSE, and MCX exchanges, and also a depository participant with CDSL. Dhan offers flat brokerage online trading in shares, ETFs, derivatives, currencies, and commodity futures & options.


Yes, Dhan is a discount broker in India backed by leading investors like Mirae Asset Global Investment, Benext, 3one4 Capital, Rocketship, Whiteboard Capital, and many more. The discount stock broker is registered with BSE, NSE, and MCX to provide online trading in shares, futures & options, currencies, and commodities. The broker provides the superfast technology app and web trading platforms under its own brand name “Dhan”.


Yes, no doubt, if you are a beginner, you can choose Dhan broker for trading due to the following reasons;

  • Free account opening.
  • Lifetime zero AMC.
  • Lowest brokerage trading at Rs 20 brokerage fee.
  • No brokerage on investment in shares and ETFs.
  • User-friendly and feature-rich app and web platform

However, beginners who want to invest in mutual funds cannot choose Dhan as it does not provide mutual fund investment products to clients.


Dhan Demat & trading account can be logged in either on the mobile app or Dhan website

Steps to login to the Dhan Account;

  1. Access Dhan web portal or mobile app.
  2. Click on the “Login” option.
  3. Enter registered mobile number (user ID) and account password and submit.
  4. Once logged in, you can now start trading across segments.


Add funds to your Dhan trading account using UPI payment gateway and funds will be reflected instantly at the given time. The UPI allows Dhan users to transfer a maximum of Rs 1 lac to your trading account. There are no payment gateway charges to transfer funds via UPI method.

Steps to add funds in Dhan App/Web

  1. Log in to the Dhan app or website.
  2. Visit the Money tab and tap on the “Add funds” option.
  3. Enter the amount and select UPI method.
  4. Provide a valid UPI ID linked with a bank account mapped to the Dhan account.
  5. Accept the fund transfer request mandate on your UPI app.

You can use the money transferred to trade in all segments including shares, currencies, commodities, and ETFs.


Dhan processes fast withdrawal and allows clients to withdraw upto 80% of the funds instantly within minutes to their bank account. Once the withdrawal request is placed, the money will be transferred instantly typically in just 10-20 minutes via IMPS.

Note: Instant Withdrawal can be done only one time in a day.

Steps to withdraw money from Dhan app;

  1. Log in to the Dhan mobile trading app.
  2. Go to the Money section and click on the withdraw to bank option.
  3. The screen will display the total funds available to withdraw.
  4. Enter the amount, you wish to withdraw and click on confirm request.
  5. That’s done, funds will be credited instantly to your bank account.

Note: Instant withdrawal request can be placed only once in 24 working hours.


Dhan facilitates an instant withdrawal facility to withdraw upto 80% of the funds quickly in just 10 minutes via IMPS. However, if you want to withdraw the full amount available to withdraw in your Dhan trading account, the withdrawal request will be processed through NEFT. If you have placed a request to withdraw money before 5:30 PM, funds will be credited to your bank account in 2-3 hours while requests placed after 5:30 PM will be processed the next working day by 12:00 PM. Withdrawal requests on banking holidays may take upto 24 working hours to transfer the amount into your mapped bank account.


Dhan User Reviews