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Dhan Review
Dhan is the trading brand of Raise Securities Private Limited, a SEBI registered Indian stockbroker. Account opening is free with a discount brokerage model.
Min Deposit
N/A
Spreads From
Not applicable, pricing is a flat brokerage fee per order, not a spread
Max Leverage
Varies by segment under SEBI margin rules, not a single fixed ratio
Platforms
Dhan app, Dhan Web with TradingView
Pros
- Registered with SEBI as a stock broker, plus CDSL depository participant status
- Charges zero brokerage on equity delivery trades, ETFs, and IPOs
- Account opening and maintenance are free, with no hidden entry cost
- Includes built in TradingView charting inside its web platform
Cons
- Operates under the Raise Securities name, which some clients may not recognize
- Intraday and derivative trades still carry a flat fee per order
- Only regulated in India, so it cannot serve clients outside local rules
- Acts only as an order collection agent for mutual funds, not a direct fund distributor
Dhan is an Indian trading and investing app for stocks, derivatives, mutual funds, and commodities. It is not a separate company but a brand run by Raise Securities Private Limited, a Mumbai firm once called Moneylicious Securities Private Limited.
Raise Securities holds a SEBI stock broker registration, a CDSL depository participant license, and membership on the NSE, BSE, and MCX exchanges. Its company registration number, or CIN, is U74999MH2012PTC433549, and its compliance officer is named on its own regulatory page.
Dhan uses a discount brokerage model. Equity delivery trades, ETFs, and IPOs cost zero brokerage, while intraday and derivative orders cost a flat rupee fee per order. Account opening itself is free, and the app includes built in TradingView charts for research.
Max Leverage
Varies by segment under SEBI margin rules, not a single fixed ratio
Spreads From
Not applicable, pricing is a flat brokerage fee per order, not a spread
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
