Side-by-Side Comparison Independent Updated Sep 13, 2026
Pepperstone vs Dhan 2026: Which Broker is Better?
Compare Pepperstone and Dhan side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Pepperstone
Dhan
VS
| Pepperstone | Dhan | |
|---|---|---|
| BrokerRank Score | 4.1/5 ✓ | 3.1/5 |
| Min. Deposit | $200 | $0 ✓ |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 ✓ | 1:5 |
| Regulation | ASIC, FCA, CySEC ✓ | SEBI |
| Platforms | MT4, MT5, TradingView | Dhan App, Dhan Web, TradingView |
Quick VerdictBrokerRank recommends
Best for Beginners
DhanPepperstone
Best for Low Fees
PepperstoneDhan
Best for Regulation
PepperstoneDhan
Best Overall
PepperstoneDhan
Quick Answer
Pepperstone is the better choice overall, scoring 4.1/5 vs 3.1/5 on BrokerRank's independent rating. On fees, Pepperstone offers lower spreads (0 pips).
See full side-by-side comparison belowPepperstone vs Dhan: Key Differences
Feature
Pepperstone
Dhan
Our Rating
4.1 / 5
3.1 / 5
Min. Deposit
$200
$0
Spread From
0 pips
0 pips
Commission
$3.5/lot
None
Platforms
MT4, MT5, TradingView, Proprietary Mobile
Dhan App, Dhan Web, TradingView
Markets
Forex, Cfd, Crypto, Stocks, Indices, Commodities
Stocks, Etf, Futures, Options
Founded
2010
2021
Headquarters
Melbourne, Australia
Mumbai, India
Score
2 / 4
2 / 4
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Find my matchFees Comparison
Fee
Pepperstone
Dhan
Lower feesSpread From
0 pips
0 pips
Commission
$3.5/lot
None
Deposit Fee
None
None
Withdrawal Fee
None
None
BrokerRank Verdict
Pepperstone scores 4.12/5 while Dhan scores 3.15/5 in our independent rating.
Pepperstone edges ahead overall, but Dhan may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.
Who Should Choose Which?
Pepperstone
4.1/5
Choose Pepperstone if you want…
- Higher overall rating (4.1/5)
- Higher leverage (up to 1:500)
- More regulatory licences (3)
- More market types (6)
Dhan
3.1/5
Choose Dhan if you want…
- No per-trade commission
- No minimum deposit
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both Pepperstone & Dhan are available in
Frequently Asked Questions
1Is Pepperstone better than Dhan?
Pepperstone scores higher overall on our independent rating system. Pepperstone holds a 4.1/5 rating vs Dhan's 3.1/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, Pepperstone or Dhan?
Pepperstone offers spreads from 0 pips, while Dhan starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Pepperstone vs Dhan?
Pepperstone requires a minimum deposit of $200. Dhan requires $0.
4Which broker is safer, Pepperstone or Dhan?
Pepperstone is regulated by ASIC, FCA, CySEC, while Dhan holds licences from SEBI.
5What trading platforms do Pepperstone and Dhan support?
Pepperstone supports MT4, MT5, TradingView, Proprietary Mobile. Dhan supports Dhan App, Dhan Web, TradingView.
6Can I use both Pepperstone and Dhan?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
Higher Rated
Pepperstone
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