Dhan vs Fyers
How Dhan and Fyers compare on brokerage, demat AMC and DP charges — verified as of Jun 2026.
By NexMaxo Editorial Team · Charges verified Jun 2026
“Open account” links may be affiliate links — we may earn a commission at no extra cost to you; it never affects this comparison. How we make money →
Quick take
Dhan gives free equity delivery (₹0) while Fyers charges ₹20 or 0.3%, lower, so Dhan is cheaper for delivery-based investing.
Dhan — active f&o and intraday traders who want flat ₹20 pricing, free delivery, and free trading apis.
Fyers — active, chart-focused traders who want tradingview-grade charting and free apis; less ideal for buy-and-hold delivery.
Charges side by side
| DhanOpen | FyersOpen | |
|---|---|---|
| Equity delivery | ₹0 brokerage | ₹20 or 0.3%, lower |
| Intraday | ₹20 or 0.03%, lower | ₹20 or 0.03%, lower |
| DP sell / scrip | ₹14.75 | ₹14.75 |
| Account opening | ₹0 | ₹0 |
| Demat AMC | ₹0 lifetime (individuals/HUFs) | ₹0 (currently free |
| Type | Discount | Discount |
Standard published equity plans, verified Jun 2026. Statutory STT, exchange, SEBI, stamp duty & GST are identical across brokers.
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
Fyers
- Free account opening and ₹0 demat AMC (currently), with no charge on MF and IPO investments
- TradingView-native charting on Fyers Web plus FYERS One desktop terminal and Insta Options
- Free, well-documented trading API and FYERS Automate for rule-based/algo strategies (no API subscription fee)
- Equity delivery is no longer free — ₹20 or 0.3% (lower) since 1 Oct 2024, so small delivery trades pay 0.3%
- Call & Trade costs ₹50 + GST per order — among the highest of the discount brokers
Dhan vs Fyers — FAQs
Dhan gives free equity delivery (₹0) while Fyers charges ₹20 or 0.3%, lower, so Dhan is cheaper for delivery-based investing. On intraday, Dhan charges ₹20 or 0.03%, lower and Fyers ₹20 or 0.03%, lower. The DP sell charge is ₹14.75 (Dhan) vs ₹14.75 (Fyers). Statutory charges are identical across brokers.
Dhan is a discount broker — active f&o and intraday traders who want flat ₹20 pricing, free delivery, and free trading apis. Fyers is a discount broker — active, chart-focused traders who want tradingview-grade charting and free apis; less ideal for buy-and-hold delivery.
Either works to start. Look at the demat AMC (Dhan: ₹0 lifetime (individuals/HUFs); Fyers: ₹0 (currently free), 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.