Dhan vs Zerodha: Detailed Broker Comparison 2025

If you want to start stock trading or investing in India, you’ve surely heard about Dhan and Zerodha. Both are popular brokers, but people often ask: which one is better? This simple comparison will help you decide which one is better for you, Dhan vs Zerodha.
Overview of Dhan and Zerodha
Dhan: Dhan started in 2021, launched by Raise Financial Services. It focuses on providing next-generation trading tools with a modern and easy-to-use design. The platform mainly targets active traders and investors who want a fresh, fast, and feature-rich experience.
Zerodha: Zerodha began in 2010 and has grown to become India’s largest stockbroker by active clients. It’s famous for its reliable trading platform called Kite and offers a complete ecosystem for investors and traders. People trust Zerodha for its stability and strong service over the years.
Feature | Dhan | Zerodha |
Types of Broker | Discount Broker | Discount Broker |
Year of Incorporation | 2021 | 2010 |
Number of Branches | 1 | 22 |
Trading Platforms & User Experience
Let’s look at how the trading apps of Dhan and Zerodha compare.
Dhan | Zerodha |
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If you like modern features and planning complex trades, Dhan’s app gives you more tools. If you want a simple, no-fuss app that always works, even on slow Wi-Fi, Zerodha’s Kite app is great.
Brokerage Charges
Both Dhan and Zerodha offer similar pricing for trades. Here’s a quick comparison:
Account Types | Dhan | Zerodha |
Commodity Options | ₹20 per executed order | ₹20 per executed order |
Commodity Futures | ₹20 or 0.03% of trade value is lower | ₹20 per executed order or .03% is lower |
Equity Options | ₹20 per executed order | ₹20 per executed order |
Equity Intraday | ₹20 or 0.03% of trade value is lower | ₹20 per executed order or .03% is lower |
Equity Futures | ₹20 or 0.03% of trade value is lower | ₹20 per executed order or .03% is lower |
Equity Delivery | ₹0 | ₹0 (Free) |
Currency Options | ₹20 per executed order | ₹20 per executed order |
Currency Futures | ₹20 per executed order or 0.03% of trade value | ₹20 per executed order or .03% is lower |
Fixed Charges | ₹0 or Nil |
Charges and AMC
Here are the charges & AMC of Dhan vs Zerodha:
Dhan | Zerodha | |
Trading Account Opening | ₹0 (Free) | ₹0 (Free) |
Demat Account Opening | ₹0 (Free) | ₹0(Free) |
Trading Account AMC | ₹0 (Free) | ₹0(Free) |
Demat Account AMC | ₹0 (Lifetime Zero AMC) | ₹300 per year |
Dhan is cheaper if you want to avoid annual charges completely. But Zerodha charges ₹300 per year for demat AMC.
Pros and Cons
Here are the pros and cons of Dhan Vs Zerodha:
Broker | Pros | Cons |
Dhan |
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Zerodha |
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Also Read: Angel One vs Zerodha: Broker Comparison (2025)
Conclusion
In conclusion, if you want a time-tested broker, a stable platform, and don’t mind small charges for opening and AMC, then you can pick Zerodha. If you want zero charges to start, fresh tools, and don’t mind trying a newer player, then you can pick the Dhan platform.