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Dhan alternatives: 7 apps ranked by verified data

Facts checked Nov 8, 2026AppBreakup editorialHow we rankAll investing and stock trading apps

Top picks

Common reasons people leave Dhan: intraday and F&O orders still cost a flat fee per order, and many separate apps and terminals can be confusing for beginners. We ranked 7 alternatives by how directly each one replaces Dhan, then by reviews, real visits and how recently each app's facts were checked against its own website. Zerodha Kite currently ranks first.

Quick comparison

#AppPricingVerified priceOpen sourcePlatformsVerified factsScore
1Zerodha Kite logoZerodha KiteFree plan + paid—NoWeb, Android, iOS8 of 868.8
2Groww logoGrowwFree plan + paid—NoWeb, Android, iOS7 of 764.8
3Upstox logoUpstoxFree plan + paid—NoWeb, Android, iOS7 of 761.8
4Angel One logoAngel OneFree plan + paidLower of ₹20 or 0.1% per executed equity orderNoWeb, Android, iOS9 of 959.4
5ICICI Direct logoICICI DirectPaid₹999 one-time fee (Prime 999), 0.22% delivery brokerageNoWeb, iOS, Android9 of 957.5
65paisa logo5paisaFree plan + paid—NoWeb, Android, iOS +15 of 557.5
7Paytm Money logoPaytm MoneyFree plan + paid—NoWeb, Android, iOS5 of 555.9
  1. Zerodha Kite logo

    1. Zerodha KiteTop pick

    Best for: Self-directed Indian investors and active traders who want low, flat fees and a clean charting app

    Free plan + paidWeb, Android, iOS

    68.8

    score / 100

    Why switch from Dhan

    India's largest discount broker, with a clean trading platform and free equity delivery trades.

    Pros

    • No brokerage on equity delivery trades or direct mutual funds
    • Flat ₹20 cap per intraday or F&O order
    • Detailed charts, 20-level market depth and GTT orders
    • Free Varsity courses and a public trading API

    Cons

    • Annual demat maintenance charge after the first year for many accounts
    • No research reports or stock recommendations
    • Mutual funds live in a separate Coin app rather than inside Kite
    Visit Zerodha Kite Details and reviews
    How this score is calculated
    Editorial fit ×0.3100
    Reviews ×0.363
    Clicks (90 days) ×0.150
    Freshness ×0.15100
    Votes ×0.150

    0 counted reviews, 0 up and 0 down votes. Full formula

    Is Zerodha Kite a good Dhan alternative?

    Verified facts

    8 of 8 verified
    Equity delivery brokerage
    ₹0
    Checked Nov 8, 2026zerodha.com(opens source in a new tab)
    Intraday and F&O brokerage
    ₹20 or 0.03% per order, whichever is lower
    Checked Nov 8, 2026zerodha.com(opens source in a new tab)
    Account opening
    Free for individual accounts
    Checked Nov 8, 2026zerodha.com(opens source in a new tab)
    Market depth
    20 levels (level 3 data)
    Checked Nov 8, 2026zerodha.com(opens source in a new tab)
    Founded
    2010
    Checked Nov 8, 2026zerodha.com(opens source in a new tab)
    Intraday brokerage
    ₹20 or 0.03% per executed order, whichever is lower
    Checked Nov 8, 2026zerodha.com(opens source in a new tab)
    Options brokerage
    Flat ₹20 per executed order
    Checked Nov 8, 2026zerodha.com(opens source in a new tab)
    Demat AMC
    ₹300 a year + GST (non-BSDA accounts)
    Checked Nov 8, 2026zerodha.com(opens source in a new tab)
  2. Groww logo

    2. Groww

    Best for: First-time investors in India who want mutual funds and stocks in one simple app

    Free plan + paidWeb, Android, iOS

    64.8

    score / 100

    Why switch from Dhan

    Simpler app for mutual funds and stocks, suited to beginners more than active options traders.

    Pros

    • No account opening or maintenance charges
    • Direct mutual funds and SIPs with zero commission
    • Beginner-friendly app that also covers US stocks and IPOs

    Cons

    • Equity delivery trades carry brokerage, unlike Zerodha's ₹0
    • Advanced trading tools are split into separate terminal products
    • Runs its own mutual funds alongside third-party ones
    Visit Groww Details and reviews
    How this score is calculated
    Editorial fit ×0.387
    Reviews ×0.363
    Clicks (90 days) ×0.150
    Freshness ×0.15100
    Votes ×0.150

    0 counted reviews, 0 up and 0 down votes. Full formula

    Is Groww a good Dhan alternative?

    Verified facts

    7 of 7 verified
    Account opening
    ₹0
    Checked Nov 8, 2026groww.in(opens source in a new tab)
    Account maintenance
    ₹0
    Checked Nov 8, 2026groww.in(opens source in a new tab)
    Equity brokerage
    ₹20 or 0.1% per order, whichever is lower
    Checked Nov 8, 2026groww.in(opens source in a new tab)
    Customers
    50 million+
    Checked Nov 8, 2026groww.in(opens source in a new tab)
    Mutual funds
    Direct funds at zero charges
    Checked Nov 8, 2026groww.in(opens source in a new tab)
    MTF interest
    14.95% a year on the funded amount
    Checked Nov 8, 2026groww.in(opens source in a new tab)
    Pledge charge
    ₹20 per ISIN
    Checked Nov 8, 2026groww.in(opens source in a new tab)
  3. Upstox logo

    3. Upstox

    Best for: Indian traders who want flat-fee F&O trading with TradingView charts and API access

    Free plan + paidWeb, Android, iOS

    61.8

    score / 100

    Why switch from Dhan

    Low-cost broker with a trading app and charting, a close alternative for active traders in India.

    Pros

    • Flat ₹20 maximum brokerage per order across segments
    • No brokerage on mutual funds and IPOs
    • TradingView charts and a trading API built in

    Cons

    • Equity delivery trades cost ₹20 per order, not free
    • Account maintenance charge applies after the first year
    • No research or stock advisory like a full-service broker
    Visit Upstox Details and reviews
    How this score is calculated
    Editorial fit ×0.377
    Reviews ×0.363
    Clicks (90 days) ×0.150
    Freshness ×0.15100
    Votes ×0.150

    0 counted reviews, 0 up and 0 down votes. Full formula

    Is Upstox a good Dhan alternative?

    Verified facts

    7 of 7 verified
    Equity delivery brokerage
    ₹20 per executed order
    Checked Nov 8, 2026upstox.com(opens source in a new tab)
    Mutual funds and IPOs
    ₹0 brokerage
    Checked Nov 8, 2026upstox.com(opens source in a new tab)
    Account maintenance
    ₹0 in the first year, then ₹300 + GST (non-BSDA)
    Checked Nov 8, 2026upstox.com(opens source in a new tab)
    Broking licence
    2010
    Checked Nov 8, 2026upstox.com(opens source in a new tab)
    Users
    2 crore+
    Checked Nov 8, 2026upstox.com(opens source in a new tab)
    Equity options brokerage
    Flat ₹20 per executed order
    Checked Nov 8, 2026upstox.com(opens source in a new tab)
    Account opening
    Free
    Checked Nov 8, 2026upstox.com(opens source in a new tab)
  4. Angel One logo

    4. Angel One

    Best for: Indian investors who want research and recommendations along with a low-cost trading app

    Free plan + paidWeb, Android, iOS

    59.4

    score / 100

    Why switch from Dhan

    Full-service broker with research and advisory alongside discount pricing, for traders who want guidance.

    Pros

    • Free account opening and no maintenance charge in year one
    • Research reports and stock recommendations included
    • No commission on mutual funds and IPO applications

    Cons

    • Free brokerage lasts only 30 days, then per-order fees apply
    • Recommendations and promotions can be pushy for self-directed investors
    • Maintenance charge applies after the first year
    Visit Angel One Details and reviews
    How this score is calculated
    Editorial fit ×0.369
    Reviews ×0.363
    Clicks (90 days) ×0.150
    Freshness ×0.15100
    Votes ×0.150

    0 counted reviews, 0 up and 0 down votes. Full formula

    Is Angel One a good Dhan alternative?

    Verified facts

    9 of 9 verified
    Account opening
    ₹0
    Checked Nov 8, 2026angelone.in(opens source in a new tab)
    Introductory brokerage
    ₹0 for the first 30 days, up to ₹500
    Checked Nov 8, 2026angelone.in(opens source in a new tab)
    Mutual funds and IPOs
    ₹0 commission
    Checked Nov 8, 2026angelone.in(opens source in a new tab)
    Registered users
    3.8 crore+
    Checked Nov 8, 2026angelone.in(opens source in a new tab)
    Digital since
    2019
    Checked Nov 8, 2026angelone.in(opens source in a new tab)
    Starting price
    Lower of ₹20 or 0.1% per executed equity order
    Checked Nov 8, 2026angelone.in(opens source in a new tab)
    F&O brokerage
    ₹20 per executed order
    Checked Nov 8, 2026angelone.in(opens source in a new tab)
    Introductory offer
    ₹0 brokerage up to ₹500 for the first 30 days
    Checked Nov 8, 2026angelone.in(opens source in a new tab)
    AMC
    ₹0 for the first year
    Checked Nov 8, 2026angelone.in(opens source in a new tab)
  5. ICICI Direct logo

    5. ICICI Direct

    Best for: ICICI Bank customers in India who want trading linked directly to their savings account

    PaidWeb, iOS, Android

    57.5

    score / 100

    Why switch from Dhan

    Bank-linked brokerage with a 3-in-1 account, for investors who prefer a big bank's platform.

    Pros

    • 3-in-1 account invests straight from an ICICI Bank savings account
    • Very wide product range, from stocks and F&O to NPS and bonds
    • In-house research picks and learning content
    • Breeze API for algorithmic trading

    Cons

    • Brokerage is higher than discount brokers unless you buy a plan
    • Plan and fee structure is complicated to compare
    • Full 3-in-1 benefits need an ICICI Bank account
    Visit ICICI Direct Details and reviews
    How this score is calculated
    Editorial fit ×0.363
    Reviews ×0.363
    Clicks (90 days) ×0.150
    Freshness ×0.15100
    Votes ×0.150

    0 counted reviews, 0 up and 0 down votes. Full formula

    Is ICICI Direct a good Dhan alternative?

    Verified facts

    9 of 9 verified
    Account type
    3-in-1 (bank, trading, demat)
    Checked Nov 8, 2026icicidirect.com(opens source in a new tab)
    Delivery brokerage
    From 0.07% on Prime plans
    Checked Nov 8, 2026icicidirect.com(opens source in a new tab)
    Mutual fund SIP
    From ₹100
    Checked Nov 8, 2026icicidirect.com(opens source in a new tab)
    API
    Breeze API
    Checked Nov 8, 2026icicidirect.com(opens source in a new tab)
    Products
    Stocks, IPOs, MFs, ETFs, bonds, F&O, NPS
    Checked Nov 8, 2026icicidirect.com(opens source in a new tab)
    Starting price
    ₹999 one-time fee (Prime 999), 0.22% delivery brokerage
    Checked Nov 8, 2026icicidirect.com(opens source in a new tab)
    Prime 9999 plan
    ₹9,999 one-time fee, 0.07% delivery brokerage
    Checked Nov 8, 2026icicidirect.com(opens source in a new tab)
    Prime 4999 plan
    ₹4,999 one-time fee, 0.10% delivery brokerage
    Checked Nov 8, 2026icicidirect.com(opens source in a new tab)
    iValue plan
    ₹20 per order for F&O, intraday and commodities
    Checked Nov 8, 2026icicidirect.com(opens source in a new tab)
  6. 5paisa logo

    6. 5paisa

    Best for: Indian traders who want flat ₹20 orders, F&O tools and algo trading from a listed broker

    Free plan + paidWeb, Android, iOS, Windows

    57.5

    score / 100

    Why switch from Dhan

    Another flat-fee broker with an F&O platform, algo tools and US stocks.

    Pros

    • Flat fee per order across delivery, intraday and F&O
    • Free account opening and a brokerage-free first month
    • Algo trading, APIs and US stocks in one account

    Cons

    • Equity delivery trades are charged, unlike Zerodha or Dhan
    • Extra charges for call-and-trade and auto square-off
    • Lots of separate platforms to choose between
    Visit 5paisa Details and reviews
    How this score is calculated
    Editorial fit ×0.363
    Reviews ×0.363
    Clicks (90 days) ×0.150
    Freshness ×0.15100
    Votes ×0.150

    0 counted reviews, 0 up and 0 down votes. Full formula

    Is 5paisa a good Dhan alternative?

    Verified facts

    5 of 5 verified
    Brokerage
    ₹20 per order, all segments
    Checked Nov 8, 20265paisa.com(opens source in a new tab)
    Account opening
    ₹0
    Checked Nov 8, 20265paisa.com(opens source in a new tab)
    Intro offer
    Zero brokerage for the first 30 days
    Checked Nov 8, 20265paisa.com(opens source in a new tab)
    Listing
    First listed discount broker in India
    Checked Nov 8, 20265paisa.com(opens source in a new tab)
    Algo trading
    AlgoSpace
    Checked Nov 8, 20265paisa.com(opens source in a new tab)
  7. Paytm Money logo

    7. Paytm Money

    Best for: Paytm users in India who want mutual funds, stocks and NPS in one app

    Free plan + paidWeb, Android, iOS

    55.9

    score / 100

    Why switch from Dhan

    Low-cost investing inside the Paytm ecosystem, convenient for mutual funds, stocks and NPS in one app.

    Pros

    • No account maintenance charge for life
    • Direct mutual funds with no transaction fee
    • NPS retirement investing in the same app

    Cons

    • Free brokerage for new users is capped and lasts only a month
    • No US stocks, unlike Groww, Dhan or INDmoney
    • Fewer advanced trading tools than trader-focused brokers
    Visit Paytm Money Details and reviews
    How this score is calculated
    Editorial fit ×0.357
    Reviews ×0.363
    Clicks (90 days) ×0.150
    Freshness ×0.15100
    Votes ×0.150

    0 counted reviews, 0 up and 0 down votes. Full formula

    Is Paytm Money a good Dhan alternative?

    Verified facts

    5 of 5 verified
    Account maintenance
    ₹0 for life
    Checked Nov 8, 2026paytmmoney.com(opens source in a new tab)
    Intro offer
    ₹0 brokerage for 30 days, up to ₹100
    Checked Nov 8, 2026paytmmoney.com(opens source in a new tab)
    Mutual funds
    No transaction fee
    Checked Nov 8, 2026paytmmoney.com(opens source in a new tab)
    NPS
    Yes (registered NPS point of presence)
    Checked Nov 8, 2026paytmmoney.com(opens source in a new tab)
    Investors
    6 million+
    Checked Nov 8, 2026paytmmoney.com(opens source in a new tab)

The best Dhan alternative for…

The highest-ranked app in this list for each need.

Zerodha Kite logo

Best Dhan alternative for most people

Zerodha Kite

India's largest discount broker, with a clean trading platform and free equity delivery trades.

Groww logo

Best Dhan alternative for a free plan you can upgrade

Groww

Simpler app for mutual funds and stocks, suited to beginners more than active options traders.

5paisa logo

Best Dhan alternative for Windows

5paisa

Another flat-fee broker with an F&O platform, algo tools and US stocks.

Upstox logo

Best Dhan alternative for iPhone and Android

Upstox

Low-cost broker with a trading app and charting, a close alternative for active traders in India.

Angel One logo

Best Dhan alternative for working in the browser

Angel One

Full-service broker with research and advisory alongside discount pricing, for traders who want guidance.

Dhan alternatives: common questions

What is the best alternative to Dhan?

Zerodha Kite ranks first right now. India's largest discount broker, with a clean trading platform and free equity delivery trades. Groww and Upstox follow it in our ranking.

Dhan vs Zerodha Kite: what's the difference?

Both Dhan and Zerodha Kite are free with paid plans. Both run on Web, Android and iOS.

Is Dhan free?

Dhan is free with paid plans. Account opening and AMC: ₹0; Equity delivery brokerage: ₹0; Intraday and F&O brokerage: ₹20 per order; US stocks: Fractional investing from $1. Checked on Dhan's own site, November 2026.

How much do Dhan alternatives cost?

Verified prices for the top-ranked Dhan alternatives: Angel One, Lower of ₹20 or 0.1% per executed equity order; ICICI Direct, ₹999 one-time fee (Prime 999), 0.22% delivery brokerage. Each price was checked on the app's own site; see each card below for the date and source.

Is there a free alternative to Dhan?

Yes. Zerodha Kite (free plan + paid), Groww (free plan + paid), Upstox (free plan + paid) and Angel One (free plan + paid) have a free option. Check each app's verified facts for current plan limits.

Is there an open-source alternative to Dhan?

None of the 7 alternatives in this list is open source.

Why do people switch from Dhan?

The complaints we hear most: intraday and F&O orders still cost a flat fee per order; many separate apps and terminals can be confusing for beginners; younger broker than Zerodha, Angel One or 5paisa.

How is this list ranked?

Every app is scored with the same published formula: how directly it replaces Dhan, reviews (weighted by verification), visits from AppBreakup, how recently its facts were checked against its own website, and reader votes.