Broker Comparison

Zerodha vs Dhan

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

Data verified: 2026-07-29

Zerodha

Discount Broker

★★★★☆ 4.4/5

Account opening₹0

AMC₹300 + 18% GST per year

IntradayFlat ₹ 20 or 0.03% (whichever is lower)

View Zerodha Review

Dhan

Discount Broker

Account opening₹0

AMC₹0

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

View Dhan Review

Zerodha vs Dhan: Quick comparison

Key charges and account features side by side.

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Feature	Zerodha	Dhan
Broker type	Discount Broker	Discount Broker
Account Opening Charges	₹0	₹0
Annual Maintenance Charges	₹300 + 18% GST per year	₹0
Equity delivery	₹0 brokerage	₹0 brokerage
Equity intraday	Flat ₹ 20 or 0.03% (whichever is lower)	₹20 or 0.03% per executed order, whichever is lower
Futures	Flat ₹ 20 or 0.03% (whichever is lower)	₹20 per executed order
Options	Flat ₹ 20 per executed order	₹20 per executed order
Commodity	Flat ₹ 20 or 0.03% (whichever is lower)	₹20 per executed order
Currency	Flat ₹ 20 or 0.03% (whichever is lower)	₹20 or 0.03% per executed order, whichever is lower
DP charges	₹15.34 per scrip (₹3.5 CDSL fee + ₹9.5 Zerodha fee + ₹2.34 GST)	₹12.50 per ISIN + GST
Auto Square Off	₹50 plus 18% GST	₹20 per order plus GST
Call & trade Charge	₹50 plus 18% GST	₹50 per executed order plus 18% GST
Customer support	Yes, Official app/web help centre, ticket, email and/or phone support	Official app/web help centre, ticket, email and/or phone support.
Active Users	6.8 million NSE-active clients as of May 2026	Check official tariff

About Zerodha

Zerodha is one of India’s leading discount stockbrokers, offering online investing and trading in equities, currencies, commodities, IPOs, futures and options, bonds, government securities, and direct mutual funds.

It charges ₹0 brokerage on equity delivery and direct mutual fund investments. Equity intraday and futures trades are charged at ₹20 or 0.03% per executed order, whichever is lower, while options trades cost a flat ₹20 per executed order.

Zerodha is known for its low-cost pricing, transparent services, user-friendly Kite trading platform, and strong focus on technology and investor education.

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.

Trading Platforms & Tools

Zerodha offers a modern trading and investment ecosystem through Kite Web and Mobile, Coin, Console, Kite Connect API, and Varsity. These platforms provide advanced charts, live market data, portfolio analytics, direct mutual fund investing, IPO applications, alerts, GTT orders, and educational resources.

Products Offered

Zerodha offers a wide range of investment and trading products, including equity delivery, intraday trading, futures and options, commodities, currencies, ETFs, IPOs, direct mutual funds, bonds, and government securities. These products can be accessed through Zerodha’s online platforms, including Kite and Coin.

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.

Zerodha pros and cons

Pros

₹0 brokerage on equity delivery and direct mutual funds.
Low flat brokerage for intraday and F&O trades.
User-friendly Kite platform with advanced trading tools.

Cons

No stock tips or advisory services.
Call-and-trade and some additional services may incur extra charges.

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.

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

Zerodha

★★★★☆

4.4/5

3.9L+ Google Play store Reviews

Dhan

Rating not added

Read complete broker reviews

Zerodha Review Dhan Review

Frequently asked questions

Is Zerodha a good stockbroker for beginners?

Yes, Zerodha is suitable for beginners because it offers a user-friendly Kite trading platform, educational resources through Varsity, and low brokerage charges.

What is the Zerodha account opening charge?

Zerodha currently offers free account opening for resident individual trading and demat accounts.

What brokerage does Zerodha charge?

Zerodha charges ₹0 brokerage on equity delivery. For equity intraday and futures, the charge is ₹20 or 0.03% per executed order, whichever is lower. Options trades are charged at ₹20 per executed order.

Does Zerodha charge an annual maintenance fee?

Yes, Zerodha charges an Account Maintenance Charge (AMC) of ₹300 per year plus 18% GST for standard resident individual accounts, though it is free for the first year. Instead of billing annually, Zerodha deducts this fee quarterly (every 91 days) directly from your trading balance.

Which trading platforms does Zerodha offer?

Zerodha offers Kite for trading and investing, Coin for direct mutual funds and other investments, and Console for portfolio reports and account statements.

Can I invest in mutual funds through Zerodha?

Yes, investors can use Zerodha Coin to invest in direct mutual funds without paying distributor commissions.

Does Zerodha provide stock tips or advisory services?

No, Zerodha does not provide stock tips, portfolio management, or personalised investment advisory services.

Is there any minimum balance requirement in Zerodha?

No, Zerodha does not require users to maintain a minimum account balance to keep their account active.

Can I apply for IPOs through Zerodha?

Yes, Zerodha users can apply for IPOs online through the Kite platform using a supported UPI ID.

Is Zerodha safe and SEBI registered?

Yes, Zerodha Broking Limited is registered with SEBI and is a member of major Indian stock exchanges, including NSE, BSE, and MCX. However, all stock market investments are subject to market risks.

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.