5paisa vs Dhan
How 5paisa and Dhan compare on brokerage, demat AMC and DP charges — verified as of Jun 2026.
By NexMaxo Editorial Team · Charges verified Jun 2026
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Quick take
Dhan gives free equity delivery (₹0) while 5paisa charges ₹20 flat per order, so Dhan is cheaper for delivery-based investing.
5paisa — cost-conscious traders who want flat ₹20 across all segments in one no-frills app, and don't need free delivery.
Dhan — active f&o and intraday traders who want flat ₹20 pricing, free delivery, and free trading apis.
Charges side by side
| 5paisaOpen | DhanOpen | |
|---|---|---|
| Equity delivery | ₹20 flat per order | ₹0 brokerage |
| Intraday | ₹20 flat per order | ₹20 or 0.03%, lower |
| DP sell / scrip | ₹14.75 | ₹14.75 |
| Account opening | ₹0 | ₹0 |
| Demat AMC | ₹300/yr (₹75/quarter) | ₹0 lifetime (individuals/HUFs) |
| Type | Discount | Discount |
Standard published equity plans, verified Jun 2026. Statutory STT, exchange, SEBI, stamp duty & GST are identical across brokers.
5paisa
- Flat ₹20 per order on equity delivery, intraday, F&O, commodity and currency — simple and low
- Zero account-opening fee; mutual-fund (direct/regular) and IPO applications are free
- Broad segment coverage on one platform (equity, F&O, MCX, currency, MF, IPOs) plus an Xstream API
- Equity delivery is NOT free on the default plan — ₹20 per order
- Demat AMC of ₹300/yr (₹75/quarter) on the standard plan
Dhan
- Free equity delivery brokerage, ₹0 account opening, and ₹0 lifetime AMC for individuals/HUFs
- Flat ₹20 (or 0.03%, lower) intraday and ₹20 per order F&O — among the cheapest for active traders
- Free DhanHQ trading APIs and TradingView integration at no extra charge, plus advanced options tools
- DP/demat debit charge of ₹14.75 per scrip on every delivery sell
- Call-and-trade (₹50/order + GST) and auto square-off (₹20/order + GST) carry extra fees
5paisa vs Dhan — FAQs
Dhan gives free equity delivery (₹0) while 5paisa charges ₹20 flat per order, so Dhan is cheaper for delivery-based investing. On intraday, 5paisa charges ₹20 flat per order and Dhan ₹20 or 0.03%, lower. The DP sell charge is ₹14.75 (5paisa) vs ₹14.75 (Dhan). Statutory charges are identical across brokers.
5paisa is a discount broker — cost-conscious traders who want flat ₹20 across all segments in one no-frills app, and don't need free delivery. Dhan is a discount broker — active f&o and intraday traders who want flat ₹20 pricing, free delivery, and free trading apis.
Either works to start. Look at the demat AMC (5paisa: ₹300/yr (₹75/quarter); Dhan: ₹0 lifetime (individuals/HUFs)), whether delivery is free, and which app you find simpler. Both hold your shares safely with CDSL/NSDL. This is information, not advice.
This is an informational comparison of published charges, not investment advice. Brokers change pricing and run promotions — confirm current rates on each broker's official charges page before opening. Investing carries market risk.