Upstox⭐ 9.2/10
Dhan⭐ 9.6/10Upstox vs Dhan Comparison
Compare brokerage charges, trading platforms, technical features, pros, cons, and account opening times to see which Demat account is best for you.
Dhan is the Clear Winner
Dhan is the superior choice for most traders and investors due to its higher overall rating of 9.6/10 compared to Upstox's 9.2/10. Key strengths include Trade directly from TradingView charts and Built specifically for super-traders with deep TradingView integration..
📊 Charges & Pricing Comparison
| Fee / Segment | Upstox | Dhan |
|---|---|---|
| Account Opening Fee | Free | Free |
| Account AMC (Annual) | Rs 150 / year | Free |
| Equity Delivery | Rs 20 or 0.1% | Rs 0 |
| Intraday Brokerage | Rs 20 or 0.05% | Rs 20 or 0.03% |
| Futures & Options | Rs 20 per order | Rs 20 per order / Rs 10 for women |
| Commodity Trading | Rs 20 per order | Rs 20 per order |
| Other / DP Charges | Standard DP charges | Pledge charges apply |
| Account Opening Time | 10 Minutes | 10 Minutes |
💻 Trading Tools & Platforms
| Platform Feature | Upstox | Dhan |
|---|---|---|
| Margin Trading (MTF) | ✅ Available | ✅ Available |
| Advisory & Tips | ❌ No | ✅ Yes |
| Trading API Access | ✅ Free API | ✅ Free API |
| Advanced Charts | ✅ Yes | ✅ Yes |
| Web Interface | Modern, fast, browser-based trading platform with TradingView charts. | Industry-first direct TradingView integration via webhooks. |
| Mobile Trading App | Highly rated mobile app available on iOS and Android with biometric login. | Highly rated mobile app available on iOS and Android with biometric login. |
Upstox Pros & Cons
Pros
- ✅ Backing of top investors
- ✅ Fast order execution
- ✅ Pro and Invest modes in app
Cons
- ❌ Customer support can be slow
- ❌ Delivery is not completely free
Dhan Pros & Cons
Pros
- ✅ Trade directly from TradingView charts
- ✅ 50% brokerage discount for women
- ✅ Deeply integrated features for F&O
Cons
- ❌ Can be overwhelming for total beginners
- ❌ Relatively new player
❓ FAQs: Upstox vs Dhan
Which is cheaper between Upstox and Dhan?
Upstox charges Rs 20 or 0.1% for delivery trades and Rs 20 or 0.05% for intraday, with an AMC of Rs 150 / year. Meanwhile, Dhan charges Rs 0 for delivery and Rs 20 or 0.03% for intraday, with an AMC of Free. In terms of onboarding costs, Upstox is Free compared to Dhan's Free.
Who has a better mobile app: Upstox or Dhan?
Upstox's mobile app offers: "Highly rated mobile app available on iOS and Android with biometric login.". In comparison, Dhan's mobile app offers: "Highly rated mobile app available on iOS and Android with biometric login.". If you require advanced charting tools directly on your phone, both platforms support TradingView integrations but execution layouts vary.
Is Upstox safer to use than Dhan?
Both Upstox and Dhan are SEBI-registered brokers regulated in India, meaning your shares are safely held with central government-backed depositories (NSDL/CDSL). However, Upstox has a rating of 9.2/10, reflecting their complaint ratio and client size, while Dhan has a rating of 9.6/10.