Angel One vs Dhan
How Angel One 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 Angel One charges ₹20 or 0.1%, lower (min ₹5), so Dhan is cheaper for delivery-based investing.
Angel One — cost-conscious investors and intraday/f&o traders who want a flat-fee broker with a big all-in-one app and a free algo api.
Dhan — active f&o and intraday traders who want flat ₹20 pricing, free delivery, and free trading apis.
Charges side by side
| Angel OneOpen | DhanOpen | |
|---|---|---|
| Equity delivery | ₹20 or 0.1%, lower (min ₹5) | ₹0 brokerage |
| Intraday | ₹20 or 0.1%, lower (min ₹5) | ₹20 or 0.03%, lower |
| DP sell / scrip | ₹23.6 | ₹14.75 |
| Account opening | ₹0 | ₹0 |
| Demat AMC | ₹0 first year, then ₹60 + GST/quarter (~₹283/yr) | ₹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.
Angel One
- Free equity delivery for the first 30 days, then capped at ₹20/order; flat ₹20-or-0.1%-lower intraday and F&O
- ₹0 account opening and ₹0 AMC in year one; BSDA keeps AMC at ₹0 for holdings under ₹4 lakh
- Free SmartAPI for algo trading with no monthly subscription
- Delivery isn't permanently free — after 30 days it costs up to ₹20/order (min ₹5)
- DP charge of ₹23.60 per scrip on every delivery sell
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
Angel One vs Dhan — FAQs
Dhan gives free equity delivery (₹0) while Angel One charges ₹20 or 0.1%, lower (min ₹5), so Dhan is cheaper for delivery-based investing. On intraday, Angel One charges ₹20 or 0.1%, lower (min ₹5) and Dhan ₹20 or 0.03%, lower. The DP sell charge is ₹23.6 (Angel One) vs ₹14.75 (Dhan). Statutory charges are identical across brokers.
Angel One is a discount broker — cost-conscious investors and intraday/f&o traders who want a flat-fee broker with a big all-in-one app and a free algo api. 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 (Angel One: ₹0 first year, then ₹60 + GST/quarter (~₹283/yr); 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.