Looking for a stock trading app? Check out our Dhan App review! Get insights on features, and performance to see it’s the right choice for your trading needs.
In the constantly evolving world of online investment platforms, picking a good broker translates to desirable outcomes of your trading operations. Dhan is a Mumbai based financial service start up launched in the year 2021 which has received significant attention due to many factors such as user friendly service and low cost services. In this detailed review we explore everything from Dhan’s features, the above mentioned brokerage structure, platforms, pros, cons and basic comparison versus Zerodha.
What is Dhan?
Dhan is a contemporary stockbroking app permissible by SEBI, CDSL, NSE, BSE, MCX. Basically, it has numerous financial products by providing stock trading, ETF, options, futures, as well as commodities. Dhan is created to meet the needs of both beginning traders and experienced investors: simplicity, reasonable price, and additional tools to make trading with the platform even more enjoyable.
Dhan’s Key Features
- User-Friendly Interface: Intuitive design suitable for beginners and experienced traders.
- Real-Time Market Insights: Live updates, price alerts, and advanced charting tools.
- Advanced Order Types: Includes bracket orders, cover orders, and more.
- One-Click Orders: Facilitates rapid trade execution for active traders.
- Educational Resources: Comprehensive guides, tutorials, and market analysis for informed trading.
- Multiple Trading Platforms: Access via mobile app, web, TradingView integration, and dedicated F&O platforms.
- Competitive Fees: Low and transparent brokerage charges with special discounts for female investors.
Dhan Brokerage Charges 2024
Dhan stands out for its competitive and transparent fee structure. Here’s a detailed breakdown:
1. Dhan Account Opening Charges
- Demat and Trading Account Opening: Rs 0 (Free)
- Annual Maintenance Charges (AMC): Rs 0 (Free)
2. dhan brokerage charges for female
Dhan offers highly economical brokerage rates across various trading segments:
| Transaction Type | Brokerage |
| Equity Delivery | Rs 0 (Zero Brokerage) |
| Equity Intraday | Rs 20 per executed order or 0.03% of trade value |
| Equity Futures | Rs 20 per executed order or 0.03% of trade value |
| Equity Options | Rs 20 per executed order |
| Currency Futures | Rs 20 per executed order or 0.03% of trade value |
| Currency Options | Rs 20 per executed order |
| Commodity Futures | Rs 20 per executed order or 0.03% of trade value |
| Commodity Options | Rs 20 per executed order |
2.1 Dhan Equity Charges
| Charge Type | Equity Delivery | Equity Intraday |
| Brokerage | Rs 0 | Rs 20 or 0.03% of trade value, whichever is lower |
| Transaction Charges | BSE: 0.00375%NSE: 0.00322% | BSE: 0.00375%NSE: 0.00322% |
| GST | 18% on brokerage + transaction charges + SEBI Turnover fees + IPFT | 18% on brokerage + transaction charges + SEBI Turnover fees + IPFT |
| Securities Transaction Tax (STT) | 0.1% on buy & sell | 0.025% on sell transactions |
| SEBI Turnover Fees | 0.0001% of turnover | 0.0001% of turnover |
| Stamp Duty | 0.015% on buy orders | 0.003% on buy orders |
| IPFT Contribution | 0.0001% of turnover | 0.0001% of turnover |
*Note: Dhan offers a 50% discount on brokerage charges for female investors, reducing intraday equity charges to Rs 10 per trade.
2.2 Dhan Futures & Options (F&O) Charges
| Charge Type | Futures (Equity) | Options (Equity) |
| Brokerage | Rs 20 or 0.03% of trade value, whichever is lower | Rs 20 per executed order |
| Transaction Charges | NSE: 0.00188% on premiumBSE: 0 | NSE: 0.0495% on premium |
| GST | 18% on brokerage + transaction charges + SEBI Turnover fees + IPFT | 18% on brokerage + transaction charges + SEBI Turnover fees + IPFT |
| Securities Transaction Tax (STT) | 0.0125% on sell side | 0.0625% on sell side (premium)0.125% on exercised options (intrinsic value) |
| SEBI Turnover Fees | 0.0001% of turnover | 0.0001% of turnover |
| Stamp Duty | 0.002% on buy orders | 0.003% on buy orders |
| IPFT Contribution | 0.0001% of turnover | 0.0005% of turnover |
2.3 Dhan Commodity Charges
| Charge Type | Commodity Futures | Commodity Options |
| Brokerage | Rs 20 or 0.03% of trade value, whichever is lower | Rs 20 per executed order |
| Transaction Charges | Group A, B: 0.0026% | Group A, B: 0.05% |
| GST | 18% on brokerage + transaction charges + SEBI Turnover fees | 18% on brokerage + transaction charges + SEBI Turnover fees |
| Commodities Transaction Tax (CTT) | 0.01% on sell side | 0.05% on sell transactions |
| SEBI Turnover Fees | 0.0001% of turnover | 0.0001% of turnover |
| Stamp Duty | 0.002% on buy orders | 0.003% on buy orders |
3. Dhan ETF Charges
Exchange Traded Funds or ETFs offer investment through many single stocks in a single investment package. Dhan’s ETF trading charges are as follows:
- Equity Delivery: Rs 0 (Zero Brokerage)
- Equity Intraday: Rs 20 per effected order or 0.03% of the trade value whichever is lower
The other charges like for example Securities Transaction Tax (STT) and GST also hold the same effect as those of an equity trade.
To read more about the brokerage charges offered by Dhan, go through our Dhan Brokerage Charges Review.
Also read this: IPLWIN App review
Dhan Account Opening Process
Opening a Dhan App Review account is straightforward and entirely free. Follow these simple steps to get started:
- Download the App or Visit the Website:
- Download on Google Play
- Download on App Store
- Or visit the Dhan Website.
- Initiate Account Opening:
- Click on the “Open a Demat Account” tab on the homepage.
- Provide Basic Information:
- Enter your mobile number and verify via OTP.
- Add your email address and verify it through OTP.
- Set Up Security:
- Create a 6-digit PIN for your account.
- Referral Code (Optional):
- Enter a referral code if you have one for additional benefits.
- Complete KYC Process:
- Submit mandatory documents such as PAN Card, Aadhaar, Driving License, etc.
- Identity Verification:
- Upload a clear picture of yourself.
- Sign on a white paper, take a photo, and upload it.
- Financial Details:
- Provide accurate annual income, profession, and trading experience details.
- Bank Account Linking:
- Enter your bank account details, including IFSC code and account number.
- Your bank account will be verified automatically.
- Set Password and Complete e-Sign:
- Create a secure password for your Dhan account.
- Complete the e-Sign process with OTP sent to your Aadhaar-linked mobile number.
- Final Verification:
- Verification at exchanges may take 24-48 hours. Once completed, your account is ready for trading.
For a detailed guide, visit our Dhan Account Opening Process Review.
Dhan Trading Platforms
Dhan App Review offers a suite of trading platforms tailored to different trading needs. Here’s an overview of each:
1. Dhan Web
Access Dhan’s trading capabilities directly from your desktop via web.dhan.co. Key features include:
- Advanced Charting Tools: Utilize TradingView charts with over 100+ pre-built indicators.
- Fast and User-Friendly Interface: Navigate markets with ease on a larger screen.
- Quick Fund Withdrawals: Seamlessly manage your funds.
- Advanced Option Chain: Analyze and execute options strategies effectively.
- Easy QR Login: Secure and rapid login process.
- Instant Margin & Pledge Features: Manage your margins and pledges effortlessly.
2. Dhan TradingView
Integrate your Dhan account with TradingView to leverage its powerful charting and analysis tools:
- Direct Buy & Sell from Charts: Trade directly from the trading chart in TradingView.
- Customization Options: Select from over 8 layouts and can be further adjusted with your own style.
- Real-Time Data Analysis: Get real-time information with a click of button in order to make efficient decisions.
- Exclusive Features: Discount rates which help the traders to get pay-off graphs and option greeks and other tools which are not available under traditional trading models.
3. Dhan Mobile App
Available on Google Play Store and App Store, the Dhan App Review Mobile App offers comprehensive trading and investment capabilities:
- Multi-Asset Trading: Stocks, IPOs, futures, currencies, commodities, options, mutual funds & more.
- Reliable Order Execution: Place orders early, accurately and clear.
- Smart SIPs in Stocks & ETFs: To grow your investments with Smart SIP features, automate your investments.
- One-Tap Fund Transfer: Make your business deals less of a hassle by transferring funds quickly.
- Basket Orders: Trade in a way that program trading cannot afford.
- Margin Trading Facility: Use up to 4x for the maximum trading benefits.
4. Dhan Options Trader App
Specifically designed for Futures & Options traders, this app includes:
- Custom Strategy Builder: Create and implement personalized trading strategies.
- Pre-Built Strategies: Utilize tried-and-tested strategies for immediate trading.
- Scalper on Charts: Execute rapid trades based on chart signals.
- Market Outlook Tools: Stay ahead with comprehensive market analysis.
- Option Greeks & Pay-off Graphs: Analyze risk and potential returns effectively.
5. Dhan Options Trader Web
For desktop users focused on options trading, the Dhan App Review Options Trader Web platform offers:
- Free Custom Strategy Builder: Tailor strategies without additional costs.
- Margin on Option Buying: Enhance your trading with favorable margin options.
- Market Outlook Based Ideas: Access curated trading ideas based on market trends.
- F&O Screener & Scanners: Identify potential trading opportunities with advanced screening tools.
For more details, check our Dhan Trading Software Review.
Pros and Cons of Dhan
Before deciding to open an account with Dhan App Review, it’s essential to weigh its advantages and disadvantages.
Dhan Pros (Advantages)
- Modern Brokerage: A new-age online stock broker focused on the Indian financial market.
- Trustworthy and Reliable: Registered with SEBI and supported by reputable exchanges.
- High Order Execution Capacity: Efficiently handles large orders beyond typical freeze limits.
- Dedicated Options Trading Platforms: Specialized web and app platforms for F&O trading.
- Zero Cost API: Access to API trading without additional charges.
- Comprehensive Data & Analytics Tools: Rich suite of tools for informed trading decisions.
- Free Strategy Builders: Build and implement trading strategies without fees.
- TradingView Integration: First Indian broker to offer options trading directly from TradingView.com.
- Exclusive Order Types: Includes Flash Trade, Basket Order, Draft Order, Forever Order, SIP Order, Iceberg Order, Trailing Stop Loss Order.
- Free Webhooks for TradingView: Automate trading strategies seamlessly.
- Special Discounts: 50% lower brokerage charges for female investors.
Dhan Cons (Disadvantages)
- Limited Research Tools: Does not provide stock tips, comprehensive research reports, or recommendations.
- No Unlimited Trading Plans: Monthly unlimited trading plans are unavailable.
- Additional Fees for Call & Trade: Additional fees for Call & Trade services cost Rs 50 per executed call.
- No Banking Services: It does not provide integrated banking services hence does not possess a 3 in 1 trading account.
- Customer Support Limitations: Customer service is not available 24/7, potentially hindering immediate assistance.
Dhan Margin Exposure
Buy on margin means that an investor can buy more securities by borrowing money thus increasing his or her return potential.
Dhan App Review provides margin funding options where maximum 4 times leverage is provided for more than 1000+ stocks. Here are the details:
| Segment | Margin | Leverage |
| Equity Delivery | 100% of trade value for T+5 days | 1x |
| Equity Intraday | Up to 20% of trade value | 5x |
| F&O (Equity, Currency, Commodities) | 100% of NRML margin (Span + Exposure + Delivery margin) | 1x |
Benefits of Dhan’s Margin Trading Facilities:
- Unlimited Holding Period: Maintain positions without time constraints.
- Integrated Order Flow: Streamlined process for placing and managing orders.
- MTF Funding Estimator: Estimate funding requirements efficiently.
- Dedicated MTF Section: Specialized support for margin trading.
- Interest-Free Funding (T+1 Days): Access funds quickly without interest charges.
- No Hidden Charges: Transparent fee structure for margin trading.
- Easy Pledge Process: Simplify collateral requirements for margin trading.
Dhan Ratings
Based on user feedback and expert analysis, Dhan has received the following ratings:
| Category | Rating |
| Overall Rating | ⭐⭐⭐☆☆ 3.0/5 |
| Fees | ⭐⭐⭐⭐☆ 4.0/5 |
| Brokerage | ⭐⭐⭐.⭐☆ 3.3/5 |
| Usability | ⭐⭐⭐.⭐☆ 3.4/5 |
| Customer Service | ⭐⭐☆☆☆ 2.4/5 |
| Research Capabilities | ⭐⭐☆☆☆ 2.8/5 |
Based on 28 votes by Dhan App Review customers.
Also read this : shoonya App review
Reviews
Here are some given below
1.“I’ve been using Dhan App for a few months now, and it’s been a game-changer for my stock trading. The interface is user-friendly, and the fees are very competitive. It offers advanced tools that cater to both beginners and seasoned traders. Highly recommend!”
— Rajesh K., 5/5 stars
2.“Switching to Dhan was the best decision I made for my investments. The platform is intuitive and provides great charting tools. Their customer support is also excellent—quick and responsive. I’m now able to trade with confidence.”
— Sonia L., 5/5 stars
3. “Dhan has made trading so much easier with its simple yet powerful app design. The order execution is fast, and the analytics tools are incredibly useful. I’ve seen a significant improvement in my trading since I started using it.”
— Prakash M., 5/5 stars
4. “I love how Dhan keeps things simple yet effective. The app is fast, and I can execute trades without any delays. The low brokerage fees are a huge plus too. It’s a great platform for anyone serious about stock trading.”
— Ravi T., 5/5 stars
5. “As a beginner, Dhan has been the perfect app to start my trading journey. The learning resources and smooth user experience made it easy for me to dive into stock trading without feeling overwhelmed.”
— Neha P., 5/5 stars
Customer Complaints
Understanding customer feedback is crucial for assessing a broker’s reliability. Below is an overview of complaints received by Dhan App Review across different exchanges:
| Exchange | Financial Year | Number of Clients* | Complaints | Complaint Rate |
| NSE | 2024-25 | 739,810 | 55 | 0.01% |
| NSE | 2023-24 | 512,564 | 200 | 0.04% |
| BSE | 2023-24 | 176,077 | 6 | 0.00% |
| NSE | 2022-23 | 107,976 | 14 | 0.01% |
| NSE | 2021-22 | 32,388 | 1 | 0.00% |
| NSE | 2020-21 | 528 | 3 | 0.57% |
| NSE | 2019-20 | 360 | 2 | 0.56% |
| NSE | 2018-19 | 264 | 5 | 1.89% |
*Total number of active customers reported by the broker.
Key Insights:
- Low Complaint Rates: Dhan maintains a low complaint rate across major exchanges.
- Responsive Handling: Minimal complaints indicate effective service and reliability.
For a detailed Dhan Complaint Report, visit the respective exchange websites: BSE, NSE, and MCX.
With the reference Frequently Asked Questions (FAQs):
1. What is Dhan App Company?
Dhan App Review is a Mumbai based NBFC which is into stockbroking services and it also provides trading in Equity, ETFs, F&O Stocks, and commodities. It seeks to offer a trading platform that is easy to use and as cost effective as possible.
2. Is Dhan a Good Broker?
Indeed, Dhan is performing well when it comes to being a reputed brokerage firm because of its affordable charge for its services, including low brokerage to newcomers to trading and easy-to-use platforms.
3. Is Dhan Free?
Dhan offers free account opening and zero AMC for Demat and Trading accounts. However, brokerage charges apply per trade as outlined in their fee structure.
4. Is Dhan a Discount Broker?
Yes, Dhan operates as a discount broker, providing essential trading services at lower costs compared to traditional brokers.
5. What Are the Offers of Dhan Trading?
- Zero Brokerage on Equity Delivery and Mutual Funds
- Flat Rs 20 Per Trade for Intraday and F&O
- 50% Discount on Brokerage for Female Investors
6. Who Owns Dhan?
Dhan App Review is operated by Moneylicious Securities Pvt Ltd, a reputable entity in the Indian financial market.
7. What Products Does Dhan Offer?
Dhan offers trading in Stocks, ETFs, Options, Futures, Commodities, and Mutual Funds (direct).
8. What Are the Features of Dhan Trading?
Features include multiple trading platforms, real-time market insights, advanced order types, educational resources, and competitive brokerage charges.
9. How to Close a Dhan Account?
To close your Dhan App Review account, contact their customer support through the in-app chat or email, settle all outstanding trades, and follow the account closure process as guided.
10. What is Dhan Refer and Earn?
Dhan offers a referral program where existing users can refer new clients and earn rewards upon their successful account opening and trading activities.
11. What is Dhan Trading?
Dhan App ReviewTrading refers to the platform’s services that allow users to buy and sell financial securities like stocks, ETFs, F&O, and commodities.
12. What is a Dhan Demat and Trading Account?
A Dhan App Review Demat account holds your securities in electronic form, while the Trading account facilitates buying and selling of these securities on stock exchanges.
13. is dhan app safe for trading?
Yes Good
Compare with Zerodha: Flat Rs 20 Per Trade
Special Offer:
- Brokerage-Free Equity Delivery
- Direct Mutual Funds with No Brokerage
- Flat Rs 20 Per Trade for Intraday and F&O
Start trading today and experience seamless investing!
Dhan vs. Other Top Brokers in India
To help you choose the best broker, here’s a comparison of Dhan with other leading brokers in India:
| Broker | Brokerage (Intraday) | Equity Delivery | F&O Trading | Unique Features |
| Dhan | Rs 20 or 0.03% | Rs 0 | Rs 20 or 0.03% | TradingView integration, special order types, low fees |
| Zerodha | Rs 20 Flat | Rs 0 | Rs 20 Flat | Largest user base, extensive educational resources |
| ICICIdirect | Variable | Variable | Variable | Integrated banking and trading, extensive research reports |
| HDFC Securities | Variable | Variable | Variable | Strong banking integration, robust customer support |
| Sharekhan | Variable | Variable | Variable | Comprehensive research, user-friendly platforms |
| Angel One | Variable | Variable | Variable | Diverse trading options, good customer service |
| Upstox | Rs 20 Flat | Rs 0 | Rs 20 Flat | Low brokerage, advanced trading platforms |
| Groww | Rs 20 Flat | Rs 0 | Not Available | Simple interface, easy for beginners |
For a detailed comparison, visit our Dhan vs. Other Brokers section.
Conclusion
Dhan comes out as a viable player in the Indian stockbroking industry especially for novice traders and shoestring operations. Its offering of zero brokerage on equity delivery and mutual fund investment along with flat low charges on intraday trading and future and option segment also keeps the interest alive.
This is riding on the integration with TradingView, multiple trading platforms as well as friendly user interface.
However, the potential users should note that there are few research options for the tool and to some extent the customer support services are unavailable for most of the time. In conclusion, Dhan is quite valuable as a trading platform, especially in those aspects that are valued most; cost of trading and simplicity.
Is Dhan App Review the right investment solution for you? It has low commission rates and other competitive features which are most probably evened out in the fee structure; it’s good to give a shot to check if it can fit the trading style.