About Upstox
Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, 
About Dhan
Incorporated in 2021, Dhan is a Mumbai-based financial services company operating primarily in India. In today's fast-paced world, every second or third person is looking for effective investment options to create wealth, and Dhan is committed to providing these options.
Dhan is registered with SEBI as a stockbroker. In addition, Dhan is also registered with CDSL as well as NSE, BSE and MCX stock exchanges. Dhan offers a variety of products including Stocks, ETFs, Options, Futures and Commoditi...
Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India. Incorporated in 2021, Dhan is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India.
| Upstox | Dhan | |
|---|---|---|
| Type of Broker | Discount Broker | Discount Broker |
| Exchnage Membership | BSE, NSE, MCX | BSE, NSE, MCX |
| Year of Incorporation | 2012 | 2021 |
| Number of Branches | 4 | 1 |
| Open Upstox Account |
Upstox trading account opening charges is Rs 0 (Free) while Dhan account opening changes is Rs 0 (Free). Upstox Demat Account AMC Charges is Rs 150 and Dhan Demat Account AMC Charges is ₹0 (Lifetime Zero AMC).
| Upstox | Dhan | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 (Free) | ₹0 (Free) |
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 150 | ₹0 (Lifetime Zero AMC) |
Upstox brokerage charges for equity is Rs 20 per executed order or 2.5% whichever is low and intraday is Rs 20 per executed order or 0.05% whichever is lower whereas Dhan brokerage charges for equity is Rs. 0 and intraday is Rs 20 or 0.03% of trade value, whichever is lower.
| Account Type | Upstox Default | Dhan Flat Rate Plan |
|---|---|---|
| Fixed Charges | NA | Rs 0 or Nill |
| Equity Delivery | Rs 20 per executed order or 2.5% whichever is low | Rs. 0 |
| Equity Intraday | Rs 20 per executed order or 0.05% whichever is lower | Rs 20 or 0.03% of trade value, whichever is lower |
| Equity Futures | Rs 20 per executed order or 0.05% whichever is lower | Rs 20 or 0.03% of trade value, whichever is lower |
| Equity Options | Rs 20 per executed order | Rs 20 per executed order |
| Currency Futures | Rs 20 per executed order or 0.05% whichever is lower | Rs 20 per executed order or 0.03% of trade value |
| Currency Options | Rs 20 per executed order | Rs 20 per executed order |
| Commodity Futures | Rs 20 per executed order or 0.05% whichever is lower | Rs 20 or 0.03% of trade value, whichever is lower |
| Commodity Options | Rs 20 per executed order | Rs 20 per executed order |
| Special Offer | Special Offer: Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today. | Zerodha (Flat Rs 20 Per Trade) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
| Minimum Brokerage | 0.05% | Rs 20 |
| Other Charges | Auto Square-off Charges: Rs 50 | |
| Call & Trade Charges | Rs 20 per trade | Rs 50 per order |
| Open Upstox Account |
Upstox margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Dhan margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Upstox | Dhan | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
| Open Upstox Account |
The trading platforms offered Upstox include Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola. Dhan offers Dhan App, Dhan web, Options Trader Web, Options Trader App, TradingView Console, DhanHQ API trading software.
| Upstox | Dhan | |
|---|---|---|
| 3 in 1 Account |  |  |
| Automated Trading | | |
| Margin Trading Funding | | |
| Margin Against Shares (Equity Cash) | | |
| Margin Against Shares (Equity F&O) | | |
| Trading Platform | Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola | Dhan App, Dhan web, Options Trader Web, Options Trader App, TradingView Console, DhanHQ API |
| Intraday Square-off Time | 3:00 PM | 3:20 PM |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | Option strategy builder | APIs for Algo Trading, smallcases on Dhan |
| Open Upstox Account |
Upstox is rated of 5 based on 149 customer reviews whereas Dhan is rated of 5 based on 29 customer reviews.
| Upstox | Dhan | |
|---|---|---|
149 Customer Reviews  | 29 Customer Reviews | |
| Fees |  |  |
| Brokerage | | |
| Trading Platform |  |  |
| Customer Service |  |  |
| Research Capabilities |  |  |
| Overall Rating | |  |
| Broker Rating | Upstox is Rated 2.4 / 5 based on 149 customer reviews | Dhan is Rated 3.1 / 5 based on 29 customer reviews |
| Upstox | Dhan | |
|---|---|---|
| Contact Broker | Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today. | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
| Upstox | Dhan | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Upstox | Dhan | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Open Upstox Account |
| Upstox | Dhan | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Upstox | Dhan | |
|---|---|---|
| Pros |
|
|
| Cons |
|
|
| Reviews | ||
| Promo / Offers | Upstox Special OfferExclusive offer by Upstox
It is a limited-time offer. Open Instant Account and start trading the same day. | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
|
| Open Upstox Account |
Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Open Upstox Account
