Upstox vs Dhan Review 2025 | Which One is Better
Upstox vs Dhan
Upstox , ounded in 2009, is a discount broker. It supports trading on the NSE and
BSE. It has 4 branches in India.while Dhan , Discount Broker Dhan was founded in 2021. Trading is available at MCX, NCDEX, BSE, and NSE. There are only 1 of its branch in India.
Upstox
The Upstox trading platform provides trading, analysis, charting, and avariety of other advanced trading capabilities. This platform makes it simple to placeorders using mobile devices and online browsers. Upstox’s trading platform is basedon Omnisys NEST OMS (Order Management System) and RMS (Risk ManagementSystem). Upstox Pro allows you to trade equity F&O, equity intraday, commodities,and currency derivatives. Upstox Pro is the premium version of Upstox fortraders.Investors such as GVK Davix, Kalaari Capital, and Ratan Tata supportUpstox. UPSTOX established in 2009 ( then known as RKSV)..
Dhan
Dhan Founded in 2021, is a Mumbai-based financial services company focused largely
on India. In today’s fast-paced world, every second or third person seeks effective
investing solutions to build wealth, and Dhan is dedicated to delivering these options.
Dhan is a SEBI-registered stockbroker. In addition, Dhan is registered with CDSL, NSE,
BSE, and MCX stock exchange.
Dhan is a SEBI-registered stockbroker and their headquarters located in Mumbai. In
addition, Dhan is registered with CDSL, NSE, BSE, and MCX stock exchanges. Dhan
offers a wide range of products, including stocks, ETFs, options, futures, and
commodities. Overall, Dhan is an all-rounder who effectively meets the majority of a
trader’s or investor’s needs. Dhan’s broking fees are competitive and reasonable across
all products and solutions. Dhan costs Rs. 20 per trade, or 0.03%, for intraday trading.
Dhan’s shipping charges for trading equities and ETFs are nothing. Dhan additionally
offers a 50% discount for female users.
Alice Blue, incorporated in, is a discount broker. It offers trading on the BSE, NSE, and MCX. It
has branches throughout India. Dhan, founded in 2021, is a discount broker. It offers trading on
the BSE, NSE, and MCX. It has one branch across India.
Upstox vs Dhan Charges
| Charges | Upstox | Dhan |
| Trade and call charge | (₹50 + 18% GST) per order. | Rs 50 per order |
| Brokerage charges | Rs 20 or 2.5% of trade value (whichever is lower) | Rs 20 |
Compare Upstox vs Dhan Offers
Upsox vs Dhan Product Provided
Comparison Of Upstox vs Dhan Advisory Services
Upstox vs Dhan Features
Dhan and Upstox are renowned trading platforms in India that provide unique features.
Dhan caters to experienced traders by offering comprehensive charting tools, a variety of
order types, and fast execution. It provides a professional edition with more features and
interaction with third-party solutions. Upstox, on the other hand, is geared towards simplicity
and ease of usage, making it perfect for novices. It provides a single trading platform for
equities, mutual funds, and digital gold, as well as instructional tools. Upstox user-friendly
layout and simple account opening process stand out. Both platforms have reasonable
brokerage costs and no account maintenance fees, while Dhan excels in sophisticated
trading tools. Below the table shows some of its features.
Upstox vs Zerodha AMC And DEMAT Account Charges
Upstox has Rs.0 annual maintenance cost (AMC) for trading accounts, but
charges a ₹0 yearly fee for DEMAT accounts. Many investors favour it
because of its competitive cost, user-friendly layout, and excellent customer service.
While Dhan has Rs.0 annual maintenance cost (AMC) for trading accounts And rs.0 For Open Demat Account .Many investors favour it because of its competitive cost, user-friendly layout, and excellent customer service.
Upstox vs Dhan Brokerage Charges
Upstox charges a fixed cost of ₹20 for equities trading, whereas Dhan brokerage charges are Rs. 0 on Equity Delivery and intraday is Rs. 20 or 0.03% of trade value, whichever is lower . Both platforms provide cheap brokerage fees. Below the table shows brokerage charges.
Upstox vs Dhan leverage (margin)
Zerodha Upstox offers up to 20% of the trade value (5x leverage) for intraday cash
transactions, whereas One margin for intraday trading allows up to 20% of the trade value
(5x leverage) depending on the stock.The table below shows the leverage margin of both
platform ( 2024).
Upstox vs Dhan Investment Option
- Dhan : For investment Dhan offers option like : stock equity, currency, commodity, ipo, mutual fund, bond /ncd and debt . Overall Dhan offers more options than Upstox
- Upstox: For investment Upstox offers: stock equity, currency, commodity, ipo, mutual fund it don’t offer investment in Bond/NCD and debt type .
Upstox vs Dhan Pros And Cons
Pros:
| Upstox | Dhan |
| 1)Brokerage for all other areas,including equities delivery, is flat at Rs20 per deal. 2)Provide mutual funds directly. Asingle software for commodities,currency, and stock trading. 3)There is no account opening cost.Investment in mutual funds requiresno brokerage. 4)For slabs of Rs 40,000, the MarginTrading Facility (MTF) is offered at aninterest rate of Rs 20 per day. 5)There is a Margin Against Share.Bonds, NCDs, FPOs, and IPOs mayall be done online. 6)Orders that are Good-Till-Triggered(GTT) are accessible. 7)Minimal brokerage charges:Upstox helps traders save moneyon transaction costs by providingcompetitive brokerage prices. | 1)All other segments have a flatbroking fee of Rs 20 per deal. 2) Offers a 3-in-1 account for ICICI bank members. 3)AMC offers free demat accounts Also it offer Free equity delivery deals. 4) A safe, dependable, and technologically advancedinternet broker. 5) Simple, flat-fee broking services across segments and exchanges (BSE, NSE, MCX).6) Open an account for free |
Cons:
| Upstox | Dhan |
| 1)Doesn’t give trading strategies thatare infinite and does not providemoney for margin on deliverytransactions. 2)Does not provide recommendationsor stock suggestions. 3)The brokerage cost for equitydelivery is Rs 20 per deal. Equitydelivery trades are offeredbrokerage-free by other brokers, suchas Zerodha. doesn’t give tradingstrategies that are infinite. 4)Not providing a three-in-oneaccount. lacks round-the-clock clientservice. 5)Does not provide Demat and NRITrading accounts and does notprovide BTST not providing digitalgold ,call-and-trade charge of Rs 20 isadded to each executed order. | 1)Auto Square off costs an additional Rs 20 every order. 2) It doesn’t provide monthly unlimited trading programs. 3)It doesn’t offer stock suggestions, research, or recommendations. 4) Call & Trade costs an additional Rs 50 every order. |
Comparison Upstox vs Dhan Transaction Charges
irstly the transaction charges of UPSTOX is Flat fee of ₹ 20 or 0.05% (whichever is less) for each executed order in Intraday Commodities, Currency, and Equities Trading , also The exchange costs for options on Upstox are as follows: NSE Rs 5000 per crore (0.0505%) | BSE Rs 3750 per crore (0.005%) (plus premium).Firstly the transaction charges of Dhan is Flat fee of ₹ 20 or 0.05% (whichever is less) for each executed order in Intraday Commodities, Currency, and Equities Trading , also The exchange costs for options on Dhan are as follows: NSE Rs.3550 Per Cr (0.00325%) BSE Rs.355 Per Cr (0.00375%)
Upstox vs Dhan Ratings By Customers
| Rating | Upstox | Dhan |
| Brokerage | ⭐⭐⭐ | ⭐⭐⭐ |
| Customers Service | ⭐⭐⭐ | ⭐⭐⭐ |
| AMC Charges | ⭐⭐⭐⭐ | ⭐⭐⭐⭐ |
| Trading Platform | ⭐⭐⭐ | ⭐⭐⭐ |
| Research | ⭐⭐⭐ | ⭐⭐ |
| Brokerage Rating | ⭐⭐⭐ | ⭐⭐⭐ |
| Overall Rating | ⭐⭐⭐⭐ | ⭐⭐⭐ |
Upstox vs Dhan Complaints
Data from 2024 reveals that Upstox had more customer complaints than Dhan when
comparing the two companies. In particular, Upstox received 289 complaints and resolved
257 whereas Dhan received 10 complaints and resolved 8. This shows that
Dhan performs better in terms of customer service than Upstox , as seen by the fact
that it has a higher complaint resolution rate and fewer complaints overall.
| Complaints | Upstox | Dhan |
| Total Complaints Lodged | 289 | 8 |
| Total Complaints Resolved | 157 | 10 |
| % of Resolved Complaints | 86.30% | 99.00% |
| Non Actionable Complaints | 30 | 1 |
| % of Non Actionable Complaints | 9.37% | 1% |
Conclusion :Upstox is well-known for providing both novice and seasoned traders with a wealth of research tools, individualised advising services, and a robust offline presence. Conversely,Dhan, on the other hand, uses cutting-edge techniques like strategy planning and thematic investments to focus on providing a smooth and user-friendly experience. Dhan’s sophisticated features and user-friendly interface make it an excellent choice for both novice and seasoned traders, even though its broking fees are a little bit more. In the end, Dhan is a superior trading platform for individuals looking for a complex, user-centric experience, whereas Alice Blue is best for people who prioritise minimal prices.ChatGPT Write a 100-word summary of the Upstox vs. Dhan conclusion.
Customer Care Number/Email
Upstox : 022-41792999
Dhan : 022-43116666
Client can contact this number for clearing their doubt.
Upstox Support Email:- support@upstox.com
Dhan Support Email : help@dhan.com
Client can contact this email for clearing their doubt.
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