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Dhan is one of the well-known discount brokers based out of Mumbai. The broking house is known to be one of the fastest-growing & provides one of the lowest brokerages in the industry.

Let’s have a detailed Dhan Review & get a good understanding of Dhan Brokerage Charges, its Demat Account, Trading Platforms & other essential features.

Dhan Ratings & Review by Top10StockBroker

Dhan Ratings
Experience 8.0 / 10
Trading Platform 7.6 / 10
Product & Services 7.8 / 10
Brokerage Charges 8.5 / 10
Research 7.5 / 10
Overall Rating 7.88 / 10
Star Rating ★★★★


About Dhan

Company Type Private
Broker Type Flat Fee Brokerage Firm
Headquarters Mumbai, India
Founder Pravin Jadhav
Established Year 2021

Dhan was established in the year 2021, which makes it a very new entrant in the stock broking world.

DhanHowever, its flat-fee discount brokerage model has successfully acquired thousands of clients this year.

The firm, which Pravin Jadhav founded, has its headquarters in Mumbai. It is a private entity and has been recognized as one of the fastest-growing brokerage houses and the Best Stock Broker in the country.

It is a technology-driven and product-led brokerage house, which is the reason for its overnight success.

Dhan offers a wide range of investment products, from equities to ETF and SIP. So, it can be referred to as a one-stop solution for all your investment needs.

Open Free Demat Account with Dhan Now!

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    Dhan Brokerage Charges

    Segment Charges
    Equity Delivery Trading Zero
    Equity Intraday Trading Rs 20 or 0.03% per executed order
    whichever is lower
    Equity Futures Trading Rs 20 per executed order or 0.03%
    per executed order, whichever is lower
    Equity Options Trading Rs 20 per executed order
    Currency Futures Trading Rs 20 per executed order or 0.03%
    per executed order, whichever is lower
    Currency Options Trading Rs 20 per executed order
    Commodity Futures Trading Rs 20 per executed order or 0.03%
    per executed order, whichever is lower
    Commodity Options Trading Rs 20 per executed order

    More on Brokerage Charges

    Dhan is a flat-fee brokerage house that charges the same brokerage fee for every segment irrespective of the asset class. For equity delivery trades, Dhan charges no brokerage; it is free of cost for investors and traders.

    For a detailed calculation of brokerage & other charges, check out our Dhan Brokerage Calculator.

    Then for the equity intraday segment, equity futures, currency futures, and commodity futures, the brokerage charge is a lower amount of Rs. 20 or 0.03% per executed order.

    So, the leading brokerage can be Rs. 20 for any orders in these segments. However, depending on the transaction amount/volume, it can also be lesser.

    The brokerage charge is fixed at Rs for the equity, currency, and commodity options. 20 per executed order only.

    This means where you trade many options or a hundred in one order; the charges will be Rs. 20 per order executed on the Dhan terminal from your trading account.

    The benefits of this brokerage structure are that it is simple to understand, it is highly reasonable, and there is a need to calculate brokerage every time you trade.

    You have to add Rs. 20 for each executed order, and you can know how much brokerage you would have to pay to Dhan.

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    Dhan Charges

    While brokerage charges are the primary charges for trading and investment, there are certain other charges as well, which are given below –

    Segment Other Charges
    SEBI Turnover Charges 0.0001% of the turnover
    STT Equity Delivery: 0.1% on both Buy and Sell
    Equity Intraday: 0.025% on the Sell Side
    Futures: 0.01% on Sell Side
    Options: 0.05% on Sell Side(on Premium)
    Commodity Futures: 0.01% on sell side (Non-Agri)
    Commodity Options: 0.05% on sell side
    Currency F&O: No STT
    On Exercise transaction: 0.125%
    Right to entitlement: 0.05% on sell side
    Stamp Duty (On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.002% (MCX)
    GST 18% on brokerage + transaction charges
    Margin Funding Charges Not required
    Reactivation Charges
    Account Closure Charges NIL
    Dematerialisation Charges
    Pledge Charges Rs 12.5 / transaction / ISIN + GST. Involves all requests including creation, closure and invocation.
    Platform Charges Rs 0 platform charges
    Auto-Square Off Charges Rs 20 / order + GST. For intraday order automatically squared by our team before market closure.
    Call & Trade Rs 50 / order + GST. For every order placed through our trade desk.
    DP (Depository Participant) Charges Rs 12.50 / order + GST. For every delivery sell order per scrip on a given day for any quantity.
    Payment Gateway Rs 0 charges on UPI payments & net banking.

    Since these other charges are very insignificant and negligible, they don’t affect the transaction cost much.

    However, you need to know them to find out the total cost of your investment/ trading and for the same, you can refer to Dhan Broking charges & other charges.

    To know in detail, just click on this link Dhan Brokerage & Other Charges.

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    Dhan Demat Account Opening Fees

    Dhan Demat Account Opening Fees
    Trading Charges [One Time] Rs 0
    Trading AMC [Yearly] Rs 0
    Demat Charges [One Time] Rs 0
    Demat AMC [Yearly] Rs 0
    Margin Money Not required

    The Dhan offers a free trading and Demat account. Yes, you do not have to pay opening account charges for trading, not for the Dhan Demat account.

    However, the most exciting part is there are no annual maintenance charges as well, which almost all brokerage houses charge even if they don’t charge account opening fees.

    So, you can open and maintain your trading and Demat account for as long as you want without paying any charges.

    Dhan Offers

    Free Demat Account Yes
    Free Trading Account Yes
    Discount on Brokerage Yes
    Trading Happy Hours No
    Flexible Brokerage Plans Yes
    1 Month Brokerage Free No
    Holiday Offers No
    Referral Offers Yes
    Zero Brokerage for Loss Making Trades No

    List of Dhan Offers:

    Free delivery trades for as long as you have the account

    • Flat brokerage @ Rs 20 per order is the maximum; it can be lower for intraday and futures segments.
    • No AMC on trading and Demat account
    • Account opening is free – both for trading and Demat accounts
    • Great discounts on brokerages
    • There is a referral bonus and other same offers
    • Dhan is one of the Best Discount Broker

    How to open a Demat account with Dhan?

    If you want to open a trading and Demat account with Dhan, you can:

    • Fill this form with your name, address, occupation, and contact details.
    • Then once you submit the form, you will receive a call from Dhan executives.
    • They will ask you to upload documents for KYC – PAN, AADHAAR, bank statements, photographs, and other documents you will have to upload.
    • Once the verification is done, which takes hardly any time, you will receive the login credentials to your trading account in your registered email id.
    • As you can see, the account opening process is pretty simple and can be done within a few minutes in hand.

    Open Demat Account with Dhan – Fill up the Form Now!

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      Why Open a Dhan Trading account?

      The main reasons for opening a trading account with Dhan can be the following –

      • You have to pay brokerage for each order and not the volume traded in that order. If you are a bulk trader and trading thousands of shares in order, then the leading brokerage you have to pay per order is Rs. 20.
      • The second factor you can consider is the free account opening process and free maintenance of accounts.
      • Multiple offers can be another factor benefiting investors, such as brokerage discounts.
      • The research and advisory team provide investors and traders with lots of tips and suggestions, which are one of the major reasons for trusting this broker. Moreover, like any other discount broker, the broker provides fundamental research reports, annual and weekly reports, Robo advisory, IPO services, and much more.
      • Being a flat-fee brokerage house, it provides multiple investment products. Apart from equities, currencies, and derivatives, it also offers commodities, SIPs, and ETFs.
      • For the intraday segment, Dhan offers exposure/ leverage up to 5 times which can be another crucial factor for opening an account with this brokerage house.

      Dhan Products & Services

      Here is the list of Products & Services provided by the broking house

      Dhan Products

      Equity Trading Yes
      Commodity Trading Yes
      Currency Trading Yes
      Option Trading Yes
      Futures Trading Yes
      Mutual Funds No
      Forex No
      Banking No
      SIP Yes
      Insurance No
      IPO Yes
      ETF Yes

      Dhan offers trading opportunities in multiple segments of the stock market. There are equity, currency, and commodity trading opportunities.

      Then you can also trade derivatives, which are also available for all the segments.

      Dhan offers SIP, ETFs as well as IPO services as well. You can choose different schemes for starting your monthly SIPs or investing in ETFs.

      Regular updates about IPO, which are upcoming, you can gather from the Dhan website and platforms for trading.

      Dhan’s range of products is quite big compared to its experience in the market of only one year.

      It has been making its mark in the market with innovative technologies and trading platforms, which will be discussed in the next sections of the article.

      Dhan Services

      Demat Services Yes
      Trading Services Yes
      3 in 1 Account No
      Intraday Trading Yes
      IPO Services Yes
      Stock Recommendations Yes
      Robo Advisory No
      PMS No
      Trading Institution No
      Trading Exposure Upto 5x

      Dhan offers basic and advanced services that are the need of the hour in the stock market. In the basic services, it has Demat services and trading services, where you can avail of the intraday trading facility.

      Apart from these, IPO is a major arena for Dhan clients, and it offers multiple services for IPO research, updates, applications, and allotment updates.

      Dhan offers high-quality research and recommendations services from highly professional and qualified financial researchers and advisors.

      However, you can also opt for various services that Dhan provides. Dhan offers highly advanced intraday trading services that can help you trade anytime you need.

      Last but not least is their leverage trading services, where they provide up to 5 times leverage for intraday traders. This means you can trade in the intraday segment more than the capital/ amount you have in the trading account.

      Dhan Research, Advisory & Stock Tips

      Look at this table for all information about their research & recommendations

      Fundamental Reports No
      Research Reports No
      Company Reports No
      Annual Reports Yes
      Company Stock Review Yes
      Free Stock Advisory No
      IPO Reports Yes
      Top Picks Yes
      Daily Market Review No
      Monthly Reports No
      Weekly Reports No
      Offline Advisory No
      Relationship Manager No

      Though a new brokerage house in the market, Dhan is becoming famous for its research cell. It has been providing annual reports which can be helpful for investors, especially long-term ones.

      Apart from these, they are offering company stock reviews, Top picks and IPO reports. There are various market reports for the traders.

      IPO Investment with Dhan

      If you want to invest in IPO with Dhan, then here are the steps –

      • Fill out this form to open a Demat account with Dhan
      • Then fill out the IPO application form online or offline
      • You can apply for IPOs with a maximum value of Rs. 15,000.
      • The company raising IPO will roll out the shares post-application finalization
      • For over-subscription, the company offering the IPO will do a lottery or pro-rata basis
      • If the IPO is undersubscribed, every applicant will receive the number of shares they have applied for.
      • To know in detail, check out Upcoming IPO.

      Dhan Exposure or Leverage

      Equity Delivery 1x
      Equity Intraday Upto 5x
      Equity Futures 1x
      Equity Options 1x
      Currency Futures 1x
      Currency Options 1x
      Commodities Future 1x
      Commodities Option 1x
      Margin Calculator Available

      Dhan offers up to maximum leverage of 5 times for the intraday segment. No leverage or exposure is available for the rest of the segment. The leverage you can avail yourself will depend on the following criteria:

      • If you have higher holdings in your Demat account and higher leverage, you can avail
      • If you are an old client of the firm, you can get higher leverage from Dhan
      • Leverage also depends on which segment you are trading in
      • High net worth company has high exposure scrip, so it depends on that as well

      So, as you can see in the table above, there is a 5x margin available for intraday traders. For futures and options, the commodity is 1x, which means no leverage.

      You can use the Dhan Margin calculator, which Dhan offers to calculate the exact margin you can avail and use.

      Dhan Trading Platforms

      Dhan offers multiple trading devices and applications. It has trading terminals, web portals, and mobile trading platforms.

      Desktop Platform – Windows No
      Desktop Platform – Mac No
      Web Browser Platform Yes
      Mobile Site Platform Yes
      Android App Platform Yes
      iOS App Platform Yes
      Windows App Platform No
      Other Mobile OS Platforms Yes
      Real-time Updates Yes
      Portfolio Details Yes
      Online MF Buy No
      News Flash No
      Research Reports Yes
      Easy Installation Yes
      Global Indices Yes
      Stock Tips No
      Personalized Advisory No
      Interactive Charts Yes
      Live Markets Yes
      SMS Alerts No
      Email Alerts Yes
      Multi-Account Management No

      Dhan Mobile App Review: Share Market Trading App

      Dhan Mobile App is a share trading application available on iOS and Android platforms. You can download them from the respective store – Apple Store and Google Playstore.

      The features that make these applications worth using are:

      • Multiple investment options – equities to ETFs all in one mobile app
      • It has a lightning-fast speed
      • It offers different charts and technical tools
      • It is free of cost; you do not need to pay any charges for downloading or using these platforms
      • You can use the app anywhere with internet coverage and trade

      Dhan Option Trading App – Option Trader

      The next trading platform Dhan offers is Dhan Option Trader, a trading platform designed to trade options and futures.

      • It has multiple strategies for trading options and futures, which are in-built.
      • You can get the live market update using the live Market scan and check all recent updates in the market.
      • There is a market outlook that will help you understand market trends.
      • There are pay-off graphs to understand an option strategy’s risk and reward profile.
      • The market screener is there to help you screen the market as per volumes and other criteria.
      • Options Greeks are also available, which measures the sensitivity of options prices and helps you understand whether an options strategy is good or not.

      Dhan Web – Web Trading Application

      Dhan Web trading platform is a highly advanced platform where you can also do bulk trading. It has features like –

      • Technical charts, and indicators, to use for technical analysis
      • You can access your portfolio details anytime
      • There are live market updates, global indices, stock tips, and a lot more advisory services
      • You can stay updated with the real-time news flash option on web-platform
      • You can assess the personalized advisory tools as well
      • Moreover, you can set up SMS and email notifications

      Dhan HQ 

      With Dhan HQ, you can build your sand trade using the APIs provided by Dhan. APIs are available for –

      • Algo Platforms
      • Traders
      • Investors
      • Fintech companies
      • Banks
      • Stock Brokerage Houses and PMS

      There are multiple types of APIs available which include –

      • Market Feed APIs
      • Order Management API
      • Historical Data API
      • Funds API
      • Portfolio API
      • Statement API
      • Basket Order API
      • Payments API
      • Onboarding API
      • KYC API

      Dhan Customer Support

      Here is the list of support Dhan provides to its client –

      Dedicated Dealer No
      Offline Trading No
      Online Trading Yes
      24*7 Support Yes
      Support Number 022-48906273
      Email Support Yes
      Chat Support Yes
      Toll-Free Number 022-48906273
      Branches 0

      So, you can reach Dhan customer support by calling, email or chat support is available on their trading platforms.

      Furthermore, you can avail online trading support and these supports are available round the clock.

      Dhan Complaints & Feedback

      Find the list of total complaints lodged & resolved at both the exchanges.

      Lodged in BSE 28
      Resolved in BSE 27
      Lodged in NSE 39
      Resolved in NSE 35

      Though Dhan is a very new brokerage house, it has been actively managing its client’s complaints and resolving them as soon as possible. More than 95% of the complaints have been resolved on both the stock exchanges as per the data available.

      You can contact them on their customer support if you have any queries or complaints.

      Dhan Advantages & Disadvantages

      Dhan, like all the brokerage houses, has pros and cons. Let’s evaluate both to have a better idea about this brokerage house:


      • You can open an account within a few minutes with a thoroughly online account opening process. Moreover, as you know, it is completely free of cost.
      • You can assess multiple trading applications and platforms, which not all brokerage houses offer free of cost.
      • You can pledge your shares to get an instant margin facility.
      • There is a specific trading platform for derivatives trading – Option Trading.
      • Exceptional research and advisory facilities are there for investors and traders.


      • There is no offline customer support facility
      • It doesn’t offer lump sum mutual funds, gold bonds, and other bonds.

      Dhan Conclusion

      Dhan, being a new broker in the stock market, had been doing pretty well with its innovative trading platforms, tools, investment options, and multiple offers.

      If you are looking for a brokerage house that provides all the services from trading and Demat to a full-fledged research and advisory, you can open a Demat and trading account Dhan.

      Moreover, it charges no account opening or account maintenance charges as well. However, the catch is that it does all these but charges a flat fee that cannot go above Rs. 20 per order.

      If that seems exciting, opening an account with Dhan can level up your investment and trading experience.

      Note* – We suggest opening a Demat account with Dhan without any hassle, as they are known to be one of the best in the industry.

      Dhan Review FAQs

      Here is the list of FAQs related to the Dhan Review:

      Is Dhan safe for trading?

      Dhan is a Depository participant of CSDL, one of the country’s most popular depositories.

      If you think it is new, safety can be a question; then you can go through the number of complaints on NSE and BSE, which we have also provided in the article above, and see how quickly they have resolved all the complaints and provide prompt Support. Dhan undoubtedly ranks at the top when it comes to clients’ safety.

      What is the brokerage of Dhan?

      Dhan charges Rs. 20 per order for all the options – currency, equity, and commodities. For the equity intraday, futures, currency, and commodities futures, it charges Rs. 20 or 0.03% of the order value, whichever is lower.

      So, the leading brokerage per order can be Rs. 20, irrespective of the volume, which is great for traders who trade in bulk.

      How to open Dhan Demat online?

      You can start your account opening application from this page itself. First, click on the Green button “Open Demat Account” and fill-up the form.

      Then once you apply, you will receive a call from Dhan’s executive, who will guide you about the further process.

      Can I invest in IPO via Dhan?

      Yes, you can apply for IPO on the Dhan platform. All you have to do is apply by filling out the form for an IPO application and then wait for the company to allot the shares upon subscription.

      What Leverage does Dhan provide?

      The leverage Dhan offers clients depends on their history with the brokerage house, the segment they are trading, the number of transactions, and others. The maximum available leverage is 5x, and this is for the intraday segment.

      Does Dhan have a trading App?

      Dhan has multiple trading applications which you can use on your Android or iOS phone. You can avail of its mobile trading app and even the options trader, specifically designed for trading derivatives.

      How to contact Dhan customer care?

      Dhan customer care representatives are available round the clock for your Support. You can reach them via phone, email, chat, and other mediums.

      Does Dhan provide Research?

      Dhan offers a wide range of research and advisory services. You name it; they have it. From fundamental analysis and annual reports to daily reports, you can get them all from Dhan.

      They provide free stock trading tips, IPO advisory, and much more.

      Is Dhan good for Beginners?

      Dhan is a brokerage house that offers all the services of a traditional house but with advanced technology and cheap brokerage charges.

      Who Founded Dhan?

      Dhan was established in the year 2021 by Pravin Jadhav. It has 18+ branches across the country, and its headquarters is in Mumbai.

      Open Demat Account with Dhan – Fill up the Form Now!

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