Dhan Brokerage Charges 2026 – Complete Guide (All Segments Covered)

If you’ve been hunting for a broker that won’t eat your profits before the market even gets a chance to — you’ve landed in the right place.

Dhan has been making a lot of noise in the Indian stock trading world since its launch in 2021. And honestly, for good reason. Whether you’re a long-term investor or an active F&O trader, understanding the Dhan brokerage charges latest 2026 structure can save you thousands of rupees every month.

Let’s break it all down — segment by segment, charge by charge. No jargon. No drama. Just facts.

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What is Dhan Broker? A Quick Background

Dhan (formerly Moneylicious Securities, now operating under Raise Securities Private Limited) is a SEBI-registered discount broker offering trading across NSE, BSE, and MCX. It was founded by Pravin Jadhav, former CEO of Paytm Money, and is backed by investors like Mirae Asset, Blume Ventures, and 3one4 Capital.

Dhan is registered with SEBI (Registration No: INZ000006031) and uses CDSL as its depository partner. The platform supports equities, ETFs, F&O, IPOs, mutual funds, and commodities.

Dhan Brokerage Account Opening Charges 2026

Let’s start with the first question most new investors ask — what does it cost to open an account?

Zero. Absolutely nothing.

Dhan does not charge any account opening fees or Annual Maintenance Charges (AMC) for its trading and demat account. No hidden fees on signup. No annual renewal surprises in your inbox.

This is a major advantage, especially if you’re comparing it to brokers like Zerodha, which charges ₹300 annually for demat account maintenance.

Dhan Brokerage Charges – Segment-Wise Breakdown

1. Dhan Brokerage Charges for Equity Delivery 2026

This is where Dhan really shines for long-term investors.

Dhan brokerage charges for equity delivery in 2026 are ₹0 — completely free.

Yes, you read that right. If you’re buying and holding stocks (delivery trades), Dhan charges you zero brokerage. ETFs and IPOs fall under the same free category.

So if you’re building a long-term portfolio in blue-chip stocks, Dhan costs you nothing on the brokerage front. The only charges you’ll pay are statutory ones — STT (0.1% on buy + sell), GST, SEBI charges, and stamp duty. These are government-regulated and apply across all brokers equally.

2. Dhan Intraday Charges 2026

Intraday trading means buying and selling within the same trading day. For this, Dhan charges:

₹20 per executed order or 0.03% of trade value — whichever is lower.

Let’s understand this with an example. Suppose you buy 50 shares of HDFC Bank at ₹1,520 each. Your total trade value = ₹76,000. The 0.03% comes to ₹22.80. Since ₹20 is lower, you pay ₹20. Simple, transparent, predictable.

This flat-fee model is a massive relief for high-value traders who’d otherwise pay a percentage-based brokerage running into hundreds of rupees per trade.

3. Dhan F&O Brokerage Charges 2026

F&O trading is where a lot of active traders live (and sometimes cry). Let’s look at Dhan’s F&O pricing.

Dhan F&O brokerage charges in 2026:

So whether you’re doing Nifty options or stock futures — intraday or carry forward — the brokerage stays flat at ₹20. No nasty surprises on contract expiry days.

Dhan intraday F&O brokerage charges in 2026 follow the same ₹20 flat structure, which is great because options traders often execute multiple legs in a day.

4. Dhan Brokerage Charges for Options 2026

Options trading deserves a separate mention because it’s the fastest-growing segment in India right now (SEBI data shows over 90% of F&O volumes come from options).

Dhan brokerage charges for options in 2026 = ₹20 per executed order — flat, regardless of lot size or premium value.

This means if you’re buying 1 lot of Bank Nifty options at ₹200 premium or 10 lots at ₹50 — brokerage is the same ₹20. That’s a great deal for big-quantity options traders.

Note: STT on options is 0.125% on the sell-side of premium (on exercised options it’s 0.125% on intrinsic value). This is a statutory charge, not Dhan’s fee.

5. Dhan Commodity Brokerage 2026

For commodity trading on MCX, Dhan follows the same flat-fee model:

₹20 per executed order or 0.03% of trade value — whichever is lower.

This covers commodity futures like gold, silver, crude oil, and agri-commodities. Note that Dhan currently does not support currency derivatives trading.

Complete Dhan Brokerage Charges Summary Table 2026

Source: Dhan Official Pricing Page

Special Offer: 50% Discount for Women Traders

Dhan offers a 50% discount on brokerage to all female customers. That means women pay just ₹10 per trade for intraday and F&O orders. This is a thoughtful step toward promoting gender parity in financial participation — and honestly, a pretty compelling reason to switch if you qualify.

Zerodha vs Dhan Brokerage Charges 2026

One of the most searched comparisons right now. Let’s keep it honest.

Both Zerodha and Dhan charge ₹0 for equity delivery and ₹20 per order for F&O. On paper, the brokerage structure is nearly identical.

The real differences lie elsewhere:

• Zerodha charges ₹300/year AMC for the demat account. Dhan charges nothing.
• Zerodha supports currency and commodity trading more comprehensively. Dhan lacks currency derivatives.
• Zerodha has Kite — an advanced, feature-heavy trading terminal. Dhan has a more modern, cleaner interface with native TradingView integration.
• Zerodha has Varsity — one of India’s best free stock market learning resources. Dhan doesn’t have an equivalent.
• Dhan’s platform is faster and more intuitive for options traders, with tools like Options Chain with Greeks, IV, and Max Pain analysis built-in.

Verdict: For pure cost comparison, they’re neck and neck. For options traders and beginners, Dhan’s zero AMC and modern UI give it a slight edge. For algo traders and commodity/currency traders, Zerodha wins.

Is Dhan Cheaper Than Groww?

Short answer: Yes, for most segments.

Groww charges ₹20 or 0.1% for equity delivery and intraday — meaning delivery trades are NOT free on Groww. Dhan gives you ₹0 delivery brokerage.

For futures and options, both charge ₹20 per order.

If you invest in stocks regularly and hold them, Dhan is significantly cheaper than Groww simply because Groww charges brokerage on delivery trades while Dhan does not.

Disadvantages of Dhan – Let’s Be Honest

No broker is perfect. Here are some genuine limitations of Dhan that you should know:

1. No currency derivatives: Dhan does not currently support currency futures or options trading. If that’s your segment, look at Zerodha or Upstox.
2. Smaller client base: With around 9.8 lakh active clients, Dhan is still growing compared to Zerodha’s 7.9 million. Smaller community can mean fewer third-party integrations and community support forums.
3. No phone-based trading support (Call & Trade): Dhan doesn’t charge for call & trade, but the facility itself is limited. Zerodha charges ₹50 but offers it reliably.
4. Research tools are basic: Dhan doesn’t have a strong research advisory ecosystem like Motilal Oswal or even Zerodha’s Sensibull partnership.
5. Relatively newer broker: Dhan launched in 2021. While it’s SEBI-registered and backed by solid investors, it doesn’t have the 10+ year track record of Zerodha.

Dhan’s Unique Features Worth Mentioning

Despite the limitations, Dhan has some genuinely impressive features:

• Native TradingView integration — no switching tabs or paying extra
• Super Order — place entry, target, and stop-loss in one go
• Iceberg Plus — slice large orders for better execution
• Options Strategy Builder with live P&L simulation
• MTF (Margin Trading Facility) — up to 4x leverage on 950+ stocks for delivery
• Free API access for algo and automated traders

Frequently Asked Questions (FAQs)

What are Dhan Brokerage Charges?

Dhan charges ₹0 for equity delivery, ETFs, and IPOs. For intraday equity, futures, and commodity trading, it charges ₹20 per executed order or 0.03% of trade value — whichever is lower. For options (all segments), the charge is a flat ₹20 per executed order.

Is Dhan Brokerage Free?

Partially, yes. Dhan brokerage is 100% free for equity delivery trades. You pay no brokerage when you buy and hold stocks. For intraday, futures, and options, you pay ₹20 per order — which is competitive but not free.

Is Dhan Broker Profitable?

Dhan as a broker is a privately held company and has not publicly disclosed profit/loss statements. However, it has strong venture backing (Mirae Asset, Blume Ventures, 3one4 Capital) and has been growing its active client base rapidly since 2021. For traders, the platform’s low brokerage structure makes it cost-effective and therefore helps improve trading profitability.

Is Dhan Broker Free?

Account opening on Dhan is completely free. There is no AMC (Annual Maintenance Charge) for the demat account either. Brokerage is free only for delivery trades. Intraday and F&O trades cost ₹20 per order.

How Much Does Dhan Take in Brokerage?

For equity delivery: ₹0. For equity intraday: ₹20 or 0.03%, whichever is lower. For all F&O (futures and options): ₹20 per executed order. For commodity futures on MCX: ₹20 or 0.03%, whichever is lower. Women traders get a 50% discount, paying just ₹10 per order.

Which is Cheaper — Zerodha or Dhan?

For delivery trades, both are free. For F&O, both charge ₹20 per order. The main cost difference is the AMC — Zerodha charges ₹300/year for demat account maintenance while Dhan charges nothing. So for passive investors and delivery-based traders, Dhan is slightly cheaper overall.

Is Dhan Cheaper Than Groww?

Yes. Groww charges ₹20 or 0.1% on equity delivery trades, whereas Dhan charges ₹0 on delivery. For options and futures, both charge ₹20 per order. Dhan is clearly more economical for investors who hold stocks.

What is the Difference Between Zerodha and Dhan?

Both are discount brokers with similar F&O pricing. Zerodha charges ₹300/year AMC and supports currency trading; Dhan charges no AMC but doesn’t support currency derivatives. Zerodha has the Kite platform with Varsity for education; Dhan has a more modern UI with native TradingView and tools built for options traders. Zerodha has a larger client base and longer track record; Dhan is newer but growing fast.

What are the Disadvantages of Dhan?

Dhan’s main limitations include: no currency derivatives trading, smaller active user base compared to Zerodha, limited research and advisory services, no robust Call & Trade facility, and being a relatively newer broker without a decade-long market history. That said, for equity and F&O traders, these limitations may not matter much in daily use.

Final Thoughts

Dhan has built a genuinely solid brokerage model for 2026. Zero delivery charges, zero account opening fees, zero AMC, and a flat ₹20 for everything else — it’s hard to argue with that pricing structure.

If you’re a long-term equity investor or an options trader looking for a clean, modern platform without paying through the nose for basic features, Dhan deserves serious consideration.

Just don’t expect currency trading or a decade of track record. Know what you’re signing up for, and Dhan will serve you well.

All brokerage charges mentioned in this article are sourced from Dhan’s official pricing page and verified through multiple trusted sources including Chittorgarh.com and Finology Select. Statutory charges (STT, GST, SEBI charges, stamp duty) are regulated by the government and apply across all brokers. Please verify current charges directly with Dhan before trading.

Disclaimer: This article is for informational purposes only. Trading in securities involves market risk. Please read all related documents carefully and consult a registered financial advisor before investing.