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 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.
Current promotion offer from Zerodha for InvestorGain Visitors:
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.
|Trading Account Opening Charges:||Free|
|Trading Account AMC:||Free|
|Demat Account Opening Charges:||Free|
|Demat Account AMC:||Free|
Here we are comparing Dhan with its 5 close competitors, who are currently market leader in brokerage industry.
|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|
For complete brokerage charges and trading plans detail please visit Dhan Brokerage Charges.
Please refer unique and accurate Dhan Brokerage Calculator
Are you a resident of India? You can open a 2-in-1 account (Demat + Trading) with Dhan at zero fees.
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;
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.
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.
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.
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.
For detail review of mobile app and download please visit Dhan Trading Platform Review.
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.
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.
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;
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;
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
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;
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.
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