Angel One vs Dhan
Charges and features for options traders, side by side. Published rates checked Mon, 2 Nov, 2026.
| Feature | Angel One | Dhan |
|---|---|---|
| Options brokerage | ₹20 per order (free up to ₹500 in the first 30 days) | ₹20 per order (also on expired, exercised or assigned contracts) |
| Equity delivery | ₹20 or 0.1%, whichever is lower (min ₹5) | ₹0 |
| Account opening | ₹0 | ₹0 |
| Demat AMC | Free in year 1; then ₹60 + GST a quarter (BSDA under ₹4 lakh free) | ₹0 |
| Platforms | Angel One app and web | Dhan app and web |
| Options tools | Option chain | Option chain and trader-focused tools |
| NSE active clients | 67.6 lakh (NSE, Sep 2026) | 11.2 lakh (NSE, Sep 2026) |
Angel One
Full-service heritage, discount pricing; strong reach beyond the big cities.
- Introductory free-brokerage period
- Wide branch and partner network
- Quarterly AMC after the first year
- Delivery trades are not free
Dhan
Built around active F&O traders, with trading tools in the app.
- No AMC and free delivery
- Tools aimed at F&O traders
- ₹20 also charged on expiry, exercise or assignment
Want to see what your own trading would cost at each broker? Use the brokerage calculator.
Frequently asked questions
Is Angel One or Dhan cheaper for options trading?
Both charge ₹20 per order (free up to ₹500 in the first 30 days) per options order, and statutory charges such as STT are the same at both. Differences are in delivery charges, AMC and tools.
Are Angel One and Dhan regulated?
Both are SEBI-registered stock brokers and members of NSE and BSE. Client money and securities are covered by the exchanges' rules on segregation.
Can I have accounts with both Angel One and Dhan?
Yes. You can hold demat and trading accounts with more than one broker; each charges its own AMC.
Does the broker change STT or exchange charges?
No. STT (0.15% of premium on the sell side), exchange charges, the SEBI fee and stamp duty are the same at every broker. Only brokerage and account charges differ.