Dhan, operated by Raise Securities Private Limited, has achieved a significant milestone by securing the 9th position among India's top 50 stockbrokers based on active client count. The platform added 18,824 net clients in March 2026, demonstrating strong growth momentum in the competitive Indian brokerage landscape. With a total of 10,37,032 active clients, Dhan has positioned itself ahead of several established players and firmly within the top 10 brokers.

Strong Performance in Net Client Additions

Dhan's performance becomes even more impressive when examining net client additions specifically. The platform ranked third among all brokers in this metric, trailing only the market leaders Groww and Zerodha. This achievement places Dhan ahead of prominent competitors including Angel One, Kotak Securities, ICICI Securities, HDFC Securities, and SBI Securities.

India's Top Stockbrokers Landscape

The competitive landscape reveals the dominance of discount brokers in client acquisition. Groww leads with 1,29,39,127 active clients and added 1,93,261 new clients in March 2026. Zerodha follows with 68,93,753 active clients and 21,459 new additions, while Angel One holds third place with 67,62,906 active clients.

Technology-Driven Growth Strategy

Since its launch in 2021, Dhan has built its platform around three core pillars that have contributed to its rapid ascent. The company developed a product-first architecture designed to serve various user types, from intraday traders to long-term investors. The platform supports trading across equities , ETFs , futures , options , and commodities , enhanced by features like smallcases integration, TradingView connectivity, and advanced screening tools.

Dhan's infrastructure investment centers on its proprietary DEXT engine, which enables fast order execution and latency optimization. This technological foundation, combined with the DhanHQ trading API ecosystem, has attracted algorithmic and systematic traders who require institutional-grade execution capabilities.

Competitive Positioning and Market Differentiation

Dhan's positioning differs from its top-tier competitors through its focus on active trading infrastructure. While market leaders Groww and Zerodha primarily target mass-retail investors and first-time users, Dhan concentrates on serving active traders and sophisticated investors. Compared to traditional bank-affiliated brokers like ICICI Securities, HDFC Securities, and Kotak Securities, Dhan emphasizes technological flexibility and execution speed over branch networks and research services.

The platform maintains competitive pricing with zero annual maintenance charges, platform fees, and account opening charges, while providing advanced tools previously available only to institutional investors. This strategy has enabled Dhan to attract both high-intensity traders seeking robust execution capabilities and cost-conscious investors preferring transparent pricing structures.

Strategic Vision and Market Outlook

Dhan's growth trajectory reflects its commitment to performance-first infrastructure, user-friendly design, and ownership-centric features. The platform aims to provide Indian traders and investors with execution speed and infrastructure comparable to global benchmarks, while maintaining accessibility for users across experience levels. The company's long-term vision focuses on becoming a unified platform serving the complete spectrum of market participants, from first-time investors to high-frequency algorithmic traders.

Dhan has introduced DEXT T3 , a downloadable trading terminal designed to bridge the gap between traditional terminal power and modern trading flexibility. The platform represents a significant evolution in trading technology, combining the robust performance of classic trading terminals with contemporary customization capabilities.

Platform Architecture and Performance

DEXT T3 operates on Dhan's proprietary DEXT engine, the same technology powering all Dhan trading platforms. The terminal delivers native performance with ultra-low latency and real-time updates, eliminating browser-based limitations that can impact trading efficiency.

Customization and Layout Features

The platform adopts a blank canvas approach, allowing traders to design personalized trading environments. Users can add, resize, and arrange various widgets including Order Book, Option Chain, Positions, Charts, Watchlist, Strategy Builder, and News components. The system supports complete workspace customization with save and auto-restore functionality.

Key customization features include:

• Fully customizable widget layouts
• Multi-monitor support with drag-and-drop functionality
• Color synchronization across widgets
• Custom formula creation for watchlists and positions
• Workspace saving and automatic restoration

Advanced Trading Tools

DEXT T3 incorporates several specialized features that extend beyond standard platform offerings:

Integration and Accessibility

The terminal integrates seamlessly with the Dhan ecosystem, ensuring portfolio synchronization across all platforms including Dhan Web, mobile app, and Options Trader. Users can access the platform through existing Dhan credentials without additional account setup requirements.

DEXT T3 offers dual access methods: downloadable software installation or browser-based access through dext.dhan.co. The platform provides comprehensive onboarding support through walkthrough videos and advanced feature tutorials.

Target User Base

The platform specifically caters to power traders requiring high-performance native experiences, options traders managing multiple strikes, strategy-focused traders needing layout flexibility, and professionals utilizing multi-screen configurations. The terminal addresses the limitations of browser-based platforms while maintaining the accessibility advantages of modern trading technology.

DEXT T3 is available free for all Dhan users, positioning it as a comprehensive trading operating system for professionals seeking total control and superior performance in their trading activities.