Dhan Broker Review: Know The Hidden Things About Dhan

Are you looking for a new and innovative stock broking platform that offers you a fast and hassle-free trading experience? If yes, then you might want to check out Dhan, one of the fastest-growing technology and product-led stock broking platforms in India. Dhan is a relatively new broker in the Indian stock market, founded in 2021. However, it has quickly gained a reputation as one of the best brokers in the country, thanks to its innovative features, competitive pricing, and excellent customer service. 

In this blog, we will give you an honest and unbiased Dhan Broker Review, covering its account opening charges, brokerage fees, trading platforms, customer care, pros and cons, and more. By the end of this blog, you will be able to decide whether Dhan is the right broker for you or not.

1. Overview of Dhan Broker
2. Is Dhan Safe and Legit?
3. Features of Dhan
4. Products Offered by Dhan
5. Platforms Offered by Dhan
6. Pros and Cons of Dhan
7. Charges and Fees of Dhan
8. Margin & Leverage Policy
9. Dhan vs Competitors
10. Who Should Use Dhan?
11. Our Verdict
12. FAQs

Overview of Dhan Broker

Dhan is a Mumbai-based financial services company that was incorporated in 2021. Dhan is registered with SEBI as a stockbroker and also with CDSL as a depository participant. It is also a member of the NSE, BSE, and MCX stock exchanges. It offers a variety of products and services to its customers, including stocks, ETFs, options, futures, commodities, and currency trading. This broking firm aims to provide a lightning-fast investing and trading experience to its users through its technology-led and product-based approach.

Dhan also offers innovative alternatives such as small cases for investment, which are curated portfolios of stocks or ETFs based on different themes and strategies. Dhan also claims to be India’s first broker to offer 50% lower brokerage charges for women customers as part of its initiative to empower women investors. Dhan is backed by a team of experienced professionals from the fields of finance, technology, and product development.

Want to know more about the Dhan broker in-depth? Click on the link to read all the important details before investing.

Is Dhan Safe and Legit?

Safety is one of the biggest concerns for Indian investors, especially when dealing with a relatively new broker. Dhan is fully compliant with SEBI norms, and customer securities are held within CDSL, which means your shares remain in your demat account even if the broker has operational issues. The platform does not use pooled accounts, and all transactions follow exchange-set regulations.

Dhan also provides 2FA login, biometric app protection, encryption for all transactions, and TOTP-based OTPs for additional security. So far, Dhan has not faced any major security breach or regulatory penalty, which builds user confidence. For long-term investors, safety is a crucial factor, and Dhan performs well in this area.

Features of Dhan

• Low and flat-rate brokerage charges.
• For most types of trades, the brokerage charge is ₹20.
• Technology-led and product-based broker.
• No account opening or maintenance fees.
• Multiple trading platforms for well-sorted trading.
• User-friendly and simple trading experience.
• Innovative alternatives like small cases for investment.
• Up to 4x leverage for investing and trading.
• Led by an experienced management team.
• 50% lower brokerage charges for women.

In simpler terms, Dhan is a broker that is:

• Led by an experienced team.
• Affordable.
• Easy to use.
• Innovative.
• Flexible.
• Supportive of women traders.

Products Offered by Dhan

• Stocks: Dhan allows you to invest in stocks listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). You can also invest in IPOs (Initial Public Offerings) through Dhan.
• Exchange Traded Funds (ETFs): ETFs are baskets of stocks that track a particular index or sector. Dhan offers a wide range of ETFs to choose from, including index ETFs, sector ETFs, and thematic ETFs.
• Futures and Options: These are contracts that allow you to speculate on the future price of a stock or commodity. Dhan offers trading in futures and options on a variety of indices and commodities.
• Smallcases: Smallcases are thematic baskets of stocks that are curated by experts. Dhan offers a wide range of smallcases to choose from, including smallcases for investing in different sectors, different risk profiles, and different investment themes.
• Commodities: You can buy and sell commodities, such as gold, silver, crude oil, etc., that are traded on the MCX exchange. 
• Currency: You can buy and sell currency pairs, such as USD/INR, EUR/INR, GBP/INR, etc., that are traded on NSE and BSE exchanges.

Platforms Offered by Dhan

1. Dhan App

Dhan App is a mobile trading platform that offers features for both long-term investors and active traders. It includes features such as

• Fast order placement and execution.
• Ability to place multiple orders directly from charts.
• Up to 5 watchlists and tracking of multiple segments.
• Price alerts for market movements.
• Brokerage calculator to estimate Dhan brokerage charges.
• Secure data encryption.

2. Dhan Web 

Dhan Web is a web-based trading platform that also offers access to TradingView for chart analysis. It includes features such as:

• Direct buy and sell calls with Advanced Option Chain.
• Basket orders and option chains.
• Pledge margin for over 1,450 stocks.
• Instant fund withdrawals.

3. Options Trader

Dhan's Options Trader is a platform designed for F&O traders. It includes features such as:

• Syncing of all positions, orders, trade book, watchlist, etc., at once.
• Readymade futures and options trading strategies.
• Real-time information on bullish, bearish, and neutral trades.
• Live market scan features for rising trends and breakouts.
• Pay graph and risk/reward profile to review option strategies.

Pros and Cons of Dhan

Pros

• Multiple trading platforms, such as a mobile app, a web platform, and the TradingView charting platform.
• No unsolicited calls, messages, or emails.
• 24/7 customer support
• One of the safest, most reliable, and trustworthy brokers in India.
• Smooth execution of large orders with quantities above the freeze limit
• Dedicated options trading platform
• Rich data and analytics tools for better decisions.
• Free options strategy builder to help traders develop and test their strategies
• Trading on TradingView charts
• Special order types, including flash trade, basket order, draft order, forever order, SIP order, iceberg order, and trailing stop loss order

Cons 

• Charges a relatively high fee of ₹50 for every call and trade placed.
• Not well-suited for new or beginner traders and investors.
• Does not offer relationship managers for portfolio management services.
• Does not provide free research reports, stock tips, or weekly recommendations.
• Does not offer the option to invest in mutual funds, insurance, bonds, or debt instruments.
• Does not provide monthly unlimited trading plans.
• Does not offer a 3-in-1 trading account because it does not provide banking services.

Charges and Fees of Dhan

Dhan follows a discount brokerage pricing model, keeping costs transparent and predictable. Most charges are flat-fee based, making it easier for traders to calculate approximate costs per trade. Account opening charges are ₹0, and Dhan does not levy an Annual Maintenance Charge either. This reduces the long-term cost burden on users, especially for investors who maintain multiple demat accounts across brokers.

The standard brokerage is ₹20 per executed order for intraday, F&O, commodity, and currency. Equity delivery remains completely free, which is beneficial for long-term investors. Options orders are charged at ₹20 per lot, which is comparable to other discount brokers. However, Dhan’s Call & Trade facility is expensive at ₹50 per order, making it less suitable for users who rely on phone-based trade execution. This pricing strategy indicates that Dhan prioritises self-service, technology-driven trading.

The following is a summary of Dhan's charges and fees:

• Account Opening Fee: ₹0
• Annual Maintenance Charge (AMC): ₹0

Brokerage charges:

Equity delivery	Zero
Equity intraday	0.03%
Equity futures	0.03%
Equity options	₹20 per lot
Currency futures	0.03%
Currency options	₹20 per lot
Commodity futures	0.03%

For a detailed breakdown of Dhan's brokerage charges, you can visit Finology Select.

Dhan Margin & Leverage Policy

Dhan provides up to 4x leverage for intraday equity trading, depending on the stock’s exchange-defined VAR and ELM requirements. For F&O, the margin is based on SPAN + Exposure norms, with no additional leverage beyond exchange rules.

Users can pledge over 1,450 approved stocks to generate margin, which is higher than many competitors. The pledge-to-margin system allows traders to take positions without selling long-term holdings, reducing capital requirements.

However, Dhan does not offer extra leverage schemes or high-margin plans, unlike some brokers who provide leverage subscription packages. This keeps Dhan aligned with SEBI’s risk-controlled guidelines.

Dhan vs Competitors (Zerodha, Upstox, Angel One, Shoonya)

Dhan’s biggest edge is its modern tech stack. Compared to Zerodha, Dhan offers more advanced F&O tools and better order execution features. Dhan also offers mutual fund investments, but Upstox provides a more comprehensive and user-friendly mutual fund ecosystem, which Dhan currently lacks. Angel One provides research reports and advisory services, making it more beginner-friendly.

Shoonya charges zero brokerage across all segments, but lacks the analytics and tools that Dhan provides.

For traders who want advanced platforms, Dhan is a strong competitor in 2025. But for long-term investors who want a complete wealth basket, competitors may have a broader offering.

Who Should Use Dhan?

Dhan is best suited for active traders, F&O traders, and investors who love using chart-based tools. Users who rely heavily on TradingView or want advanced analysis features will find Dhan particularly useful. If you prefer fast execution and professional-grade options analytics, Dhan is likely a good match.

But if you want, fixed-income products, or research-based guidance, you may find other brokers more convenient.

Our Verdict

Dhan is a new-age online stock broker that offers a variety of features and benefits, including a competitive brokerage structure, a user-friendly platform, and a streamlined account opening process. It is best suited for experienced investors and traders who are comfortable managing their own portfolios and conducting their own research.

Dhan's competitive brokerage structure makes it a good option for traders who place a high volume of trades. Its user-friendly platform and streamlined account opening process make it a good choice for investors of all experience levels.

However, Dhan is not well-suited for new or beginner traders and investors. It does not offer relationship managers for portfolio management services, and it does not provide free research reports, stock tips, or weekly recommendations. Additionally, Dhan does not offer the option to invest in mutual funds, insurance, bonds, or debt.

Overall, Dhan is a good option for experienced traders and investors who are looking for a broker with a competitive brokerage structure and a user-friendly platform. However, it is not the best choice for new or beginner investors or for investors who are looking for a broker that offers a wide range of products and services. So, you should weigh the pros and cons of trading with Dhan before opening an account with them.

If you want to open your Demat account with Dhan or any other broker, you can visit Finology Select, a platform that helps you compare their features and brokerages, and you can even find the perfect broker for yourself with the ‘Find my Broker’ feature. So, don’t wait any longer and find your perfect broker using Finology Select.

FAQs on Dhan Broker Review

1. Is Dhan a safe and trusted stockbroker?
   Yes, Dhan is a SEBI-registered and fully compliant stockbroker, which makes it safe for investors and traders. All your shares are stored with CDSL, meaning they remain secure even if the broker faces operational issues. Dhan also uses strong security protocols like 2FA, encryption, and TOTP-based authentication. As of 2025, it has no major security breaches reported, which adds to its reliability.

2. What are the brokerage charges in Dhan?
   Dhan charges zero brokerage on equity delivery trades, making it cost-friendly for long-term investors. For intraday, F&O, commodities, and currency, the brokerage is a flat ₹20 per executed order. Options are also charged at ₹20 per order, keeping the pricing simple and predictable. There are no account opening or AMC charges.

3. Does Dhan offer mutual funds?
   Yes, Dhan offers mutual fund investments, allowing users to invest in a wide range of funds through its platform.

4. Who should use Dhan for trading?
   Dhan is most suitable for active intraday traders, F&O traders, and users who prefer advanced analytics. Its features, such as TradingView integration, Options Trader platform, and fast execution tools, are ideal for high-frequency trading

5. Is Dhan good for beginners?
   Dhan can be used by beginners, but some features may feel overwhelming due to the platform’s focus on analytics and data. Beginners who prefer simple features may take time to adjust. However, the user interface is clean, and tutorials are available, which help new traders get comfortable.

6. Does Dhan charge for its TradingView integration?
   No, Dhan offers TradingView charts natively on its web platform without any extra cost. Users can place orders directly from the chart, which improves speed and convenience. This makes Dhan one of the best choices for TradingView lovers in India.

7. What is the margin offered by Dhan?
   Dhan provides up to 4x leverage on select intraday equity trades, depending on exchange rules and stock volatility. For F&O, margin follows the SPAN + Exposure system with no additional leverage beyond SEBI guidelines. Users can also pledge approved securities for margin funding, which reduces capital requirements.

8. Does Dhan offer API trading?
   Yes, Dhan offers free APIs for algo trading, making it a popular choice among developers and algorithmic traders. The APIs support order execution, strategy building, and real-time data access. This makes Dhan competitive against brokers who charge for API access.

9. Is Dhan better than Zerodha or Upstox?
   Dhan is better for active traders who need superior tools like TradingView integration, advanced order types, and F&O analytics. However, Zerodha offers a more mature ecosystem with mutual funds and educational content. Upstox is beginner-friendly and strong in IPOs and mutual funds. For traders who want modern tech and fast execution, Dhan has a strong edge.

10. Does Dhan charge for Call & Trade?
    Yes, Dhan charges ₹50 per order for Call & Trade, which is higher compared to some competitors. This indicates that Dhan is designed for app and web-based self-execution. Traders who frequently need phone-based support may find this cost relatively high.

11. Does Dhan support smallcase investing?
    Yes, Dhan supports smallcase integration, allowing users to invest in expert-curated portfolios. This helps investors build diversified long-term portfolios without manual stock selection. However, smallcase investing charges follow the standard smallcase fee structure.

12. Can women investors get additional benefits on Dhan?
    Yes, Dhan offers a 50% discount on brokerage charges for women investors across all segments. This makes trading more affordable and encourages more women to participate in the stock market. It’s one of the unique benefits Dhan provides compared to other brokers.

13. Does Dhan offer after-market orders (AMO)?
    Yes, Dhan allows users to place After Market Orders (AMO) for equity and derivatives. This helps traders plan positions even outside market hours. AMO orders are executed when the market opens the next working day.

14. Is Dhan suitable for long-term investors?
    Yes, long-term investors can use Dhan, especially since equity delivery is free and the platform is stable. However, the lack of bonds, and fixed-income instruments may push some users toward full-service brokers for long-term investment diversification.

15. Does Dhan provide research or stock recommendations?
    No, Dhan does not offer advisory, stock tips, or fundamental research reports. It primarily focuses on execution and trading technology. Users looking for research-backed recommendations may need to rely on external sources.