Dhan for options traders
Built around active F&O traders, with trading tools in the app.
About Dhan
Dhan is run by Raise Securities Private Limited (formerly Moneylicious Securities Private Limited), part of the Raise group founded in 2021 by former Paytm Money CEO Pravin Jadhav and co-founders.
The Dhan trading platform launched in November 2021. The company is based in Goregaon West, Mumbai.
Alongside the main Dhan app and web platform, it offers Options Trader, a separate app and web platform built for F&O. Raise Securities is also a CDSL depository participant and a SEBI-registered research analyst.
| Options brokerage | ₹20 per order (also on expired, exercised or assigned contracts) |
|---|---|
| Equity delivery | ₹0 |
| Account opening | ₹0 |
| Demat AMC | ₹0 |
| Platforms | Dhan app and web |
| Options tools | Option chain and trader-focused tools |
| Exchanges | NSE, BSE, MCX |
| SEBI registration | INZ000006031 |
For options traders
- Options Trader app and web with an option chain from which orders can be placed directly.
- Free custom strategy builder with payoff graphs, strategy Greeks, breakevens and saved strategies, plus pre-built strategies such as straddles and strangles.
- Basket orders for executing several strikes or strategies in one go.
- Forever Orders, including OCO, that stay active until the trigger price is hit.
- DhanHQ trading APIs are free for Dhan users and cover orders, Forever Orders, basket orders, positions and option chain data.
Opening an account
- Onboarding is digital only. PAN and Aadhaar numbers are the two mandatory IDs.
- Documents are e-signed with Aadhaar, so your mobile number must be linked to Aadhaar to receive the OTP.
- An account can be opened even if your Aadhaar is not linked to your PAN.
- Dhan states documents are usually approved within an hour of e-signing, and the account opens in 1 to 2 business days depending on KRA, depository and exchange checks.
Good for
- No AMC and free delivery
- Tools aimed at F&O traders
Watch out for
- ₹20 also charged on expiry, exercise or assignment
Frequently asked questions
Is Dhan registered with SEBI?
Yes. Raise Securities Private Limited, which operates Dhan, is a SEBI-registered stock broker, registration number INZ000006031, and a CDSL depository participant (IN-DP-289-2016).
What does an options order cost at Dhan?
Brokerage is ₹20 per executed F&O options order. Dhan also charges ₹20 on contracts that expire, or are exercised or assigned.
Is there an annual maintenance charge?
No. Dhan lists account opening and demat AMC at ₹0.
What is Options Trader by Dhan?
A separate app and web platform from Dhan for F&O traders, with an option chain, strategy builder, payoff charts and basket orders, using the same Dhan account.
Can I open a Dhan account if my mobile is not linked to Aadhaar?
No. Dhan e-signs onboarding documents with an Aadhaar OTP, so the mobile number must be linked to Aadhaar.
Compare Dhan
Sources (checked Mon, 2 Nov, 2026)