Broker Comparison

Dhan vs Paytm Money

Compare brokerage charges, account fees, trading platforms, products, MTF, advantages and limitations before choosing a broker.

Data verified: 2026-07-28

Dhan

Discount Broker

★★★★☆ 4.1/5

Account opening₹0

AMC₹0

Intraday₹20 or 0.03% per executed order, whichever is lower

View Dhan Review

Paytm Money

Discount / Investment Platform

★★★★☆ 4.4/5

Account opening₹0 (Free)

AMC₹0 AMC

IntradayRs 20 or 0.05% of turnover (whichever is lower)

View Paytm Money Review

Dhan vs Paytm Money: Quick comparison

Key charges and account features side by side.

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Feature	Dhan	Paytm Money
Broker type	Discount Broker	Discount / Investment Platform
Account opening Charges	₹0	₹0 (Free)
Annual maintenance Charges	₹0	₹0 AMC
Equity delivery	₹0 brokerage	Rs 20 or 2.5% of turnover (whichever is lower)
Equity intraday	₹20 or 0.03% per executed order, whichever is lower	Rs 20 or 0.05% of turnover (whichever is lower)
Futures	₹20 per executed order	0.02% of turnover or upto Rs 20 per Executed Order (whichever is lower)
Options	₹20 per executed order	Rs 20 per order
Commodity	₹20 per executed order	₹20 per executed order
Currency	₹20 or 0.03% per executed order, whichever is lower	₹20 per executed order
DP charges	₹12.50 per ISIN + GST	₹13.5
Auto Square Off	₹20 per order plus GST	₹50 + GST
Call & trade	₹50 per executed order plus 18% GST	₹100 per executed order
Customer support	Official app/web help centre, ticket, email and/or phone support.	Official app/web help centre, ticket, email and/or phone support.
Active Users	Check official tariff	7.65 lakh active clients as of March 2026, according to NSE data.

About Dhan

Founded in 2021, Dhan is a Mumbai-based, technology-driven stockbroking platform serving investors and traders across India. It is registered with SEBI as a stockbroker and is also associated with CDSL, NSE, BSE and MCX.

Dhan allows users to invest and trade in stocks, ETFs, futures, options and commodities. Its platform suite includes the Dhan App, Dhan Web, Options Trader App, TradingView integration and tv.dhan.co for advanced chart-based trading.

Dhan offers competitive brokerage, including zero brokerage on equity delivery and ₹20 or 0.03%, whichever is lower, on intraday trades. With zero account-opening and maintenance charges, user-friendly platforms and a 50% brokerage discount for women, Dhan is suitable for both beginners and active traders.

About Paytm Money

Paytm Money, established in 2017, is a digital investment and stockbroking platform in India offering access to equities, F&O, mutual funds, SIPs, IPOs, ETFs, NPS, bonds, and other investment products. It is a SEBI-registered stockbroker and operates as a depository participant with CDSL and a member of NSE and BSE.

The platform provides web and mobile trading applications with features such as Stock SIP, GTT orders, Basket Orders, advanced option chains, screeners, portfolio insights, market heatmaps, and strategy-building tools. Paytm Money is also known for offering zero-commission investments in direct mutual funds and a fully digital account-opening experience.

Paytm Money caters to both investors and active traders with low-cost brokerage, multiple investment options, research tools, and advanced trading features. It also provides access to IPOs, ETFs, bonds, NPS, margin-related facilities, and educational content to help users make more informed investment decisions.

Trading Platforms & Tools

Dhan offers multiple trading platforms for different types of investors and traders. Its key platforms include the Dhan App, Dhan Web, Options Trader App, tv.dhan.co and direct trading through TradingView. These platforms provide advanced charts, option-chain analysis, trading indicators, watchlists and fast order execution.

Products Offered

Dhan offers a wide range of investment and trading products, including equity stocks, ETFs, IPOs, mutual funds, futures, options, commodities and currency derivatives. These products are available through its mobile and web-based trading platforms for both investors and active traders.

Platforms and Tools

Paytm Money offers web and mobile trading platforms designed for both investors and active traders. Its tools include advanced option chains, Stock SIP, GTT and Basket Orders, portfolio insights, market heatmaps, advanced screeners, and a strategy builder for options trading.

Products Offered

Paytm Money provides access to Equity Stocks, Futures & Options (F&O), Mutual Funds, SIPs, IPOs, ETFs, Bonds, NPS, and other debt investment products through its digital investment platform.

Dhan pros and cons

Pros

Zero brokerage on equity delivery trades.
Advanced platforms for options and active traders.
Zero account-opening and annual maintenance charges.

Cons

No offline branch network for in-person support.
Advanced tools may feel complex for beginners.

Paytm Money pros and cons

Pros

₹0 Account Opening & AMC: No account opening or annual maintenance charges.
Easy Digital Investing: Fully online account opening with a user-friendly web and mobile platform.
Multiple Investment Options: Access to stocks, F&O, mutual funds, IPOs, ETFs, NPS, and bonds.

Cons

Limited Offline Support: No physical branch network for in-person customer assistance.
No 3-in-1 Account: Paytm Money does not provide an integrated bank, trading, and Demat account.

Which broker should you choose?

Choose based on the segment you trade, total account cost, platform requirements, research needs and support preference. Verify the latest tariff and product availability on the brokers’ official websites before opening an account.

Broker Rating

Dhan

★★★★☆

4.1/5

59.3K+ Google Play Store Reviews

Paytm Money

★★★★☆

4.4/5

2.41L Google Play Store Reviews

Read complete broker reviews

Dhan Review Paytm Money Review

Frequently asked questions

Is Dhan a SEBI-registered stockbroker?

Yes. Dhan operates under Raise Securities Private Limited, which is registered with SEBI as a stockbroker. It is also a member of NSE, BSE and MCX and a depository participant with CDSL.

Is opening a Dhan Demat account free?

Yes. Dhan currently charges ₹0 for account opening and does not charge an annual maintenance or platform fee.

What are Dhan’s brokerage charges?

Dhan charges zero brokerage on equity delivery, ETFs, IPOs and mutual funds. Equity intraday and ETF intraday trades are charged at ₹20 or 0.03% per executed order, whichever is lower.

How much does Dhan charge for futures and options?

Dhan charges ₹20 per executed order for equity and commodity futures and options. Statutory taxes, exchange charges and other applicable fees are charged separately.

Which investment products are available on Dhan?

Dhan offers stocks, ETFs, futures, options, commodities, IPOs, mutual funds and the Securities Lending and Borrowing Mechanism, or SLBM.

Does Dhan provide a separate platform for options trading?

Yes. Options Trader by Dhan is a dedicated platform for F&O traders, offering real-time options data, strategy-building features and analytical tools.

Can I trade directly from TradingView with Dhan?

Yes. Dhan allows users to connect their account with TradingView and trade eligible stocks, futures and commodities directly through TradingView charts.

Is the Dhan Options Trader platform free?

Yes. Dhan states that all features available on its Options Trader platform are free for Dhan users.

What documents are required to open a Dhan account?

Users generally need PAN, Aadhaar-linked mobile details and bank information. Income proof may also be required to activate futures, options or commodity trading.

Is Dhan suitable for beginners?

Dhan can be used by beginners for stocks, ETFs, IPOs and mutual funds. However, some of its advanced charting, API and options-trading tools may require additional learning before use.

Is Paytm Money safe to use?

Yes, Paytm Money is a SEBI-registered stockbroker and CDSL depository participant.

Is Paytm Money account opening free?

Yes, Paytm Money offers ₹0 account opening charges.

Does Paytm Money charge Demat AMC?

Paytm Money currently offers ₹0 annual maintenance charges.

What is Paytm Money brokerage for equity delivery?

Paytm Money charges up to ₹20 per executed equity delivery order.

What is Paytm Money brokerage for intraday trading?

Intraday brokerage is up to ₹20 per executed order.

Does Paytm Money offer F&O trading?

Yes, Paytm Money supports Futures and Options trading.

Can I invest in mutual funds through Paytm Money?

Yes, users can invest in direct mutual funds and SIPs through Paytm Money.

Can I apply for IPOs using Paytm Money?

Yes, Paytm Money allows users to apply for IPOs online.

Does Paytm Money offer commodity and currency trading?

Yes, Paytm Money is registered with exchanges including MCX, NCDEX, and MSEI; however, its current public product pages mainly highlight Stocks and F&O, so commodity/currency availability may depend on the enabled segment.

What investment products are available on Paytm Money?

Paytm Money offers stocks, F&O, mutual funds, SIPs, IPOs, ETFs, bonds, and NPS.