Dhan Broker Review

Created on 13 Oct 2023

Wraps up in 5 Min

Read by 1.1k people

Updated on 30 Nov 2023

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.

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.

Features of Dhan

In simpler terms, Dhan is a broker that is:

Products Offered by Dhan

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

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:

3. Options Trader

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

Pros and Cons of Dhan



Charges and Fees of Dhan

Dhan has a very competitive brokerage structure, especially for intraday trading. For equity intraday trades, Dhan charges a flat fee of ₹20 per trade or 0.03% of the trade value, whichever is lower. For delivery trades, Dhan does not charge any brokerage.

Dhan also charges a flat fee of ₹20 per trade for options trading. However, their call & trade charges are higher than most discount brokers.

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

Brokerage charges:

Equity delivery


Equity intraday


Equity futures


Equity options

₹20 per lot

Currency futures


Currency options

₹20 per lot

Commodity futures


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

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.

And if you want to open your Demat account with Dhan or any other broker, you can visit Select by Finology, 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 Select by Finology.