Dhan vs 5paisa
Charges and features for options traders, side by side. Published rates checked Mon, 2 Nov, 2026.
| Feature | Dhan | 5paisa |
|---|---|---|
| Options brokerage | ₹20 per order (also on expired, exercised or assigned contracts) | ₹20 per order |
| Equity delivery | ₹0 | ₹20 per order |
| Account opening | ₹0 | ₹0 |
| Demat AMC | ₹0 | ₹25 + GST a month (conditions apply) |
| Platforms | Dhan app and web | 5paisa app and web |
| Options tools | Option chain and trader-focused tools | Option chain |
| NSE active clients | 11.2 lakh (NSE, Sep 2026) | Not listed |
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
5paisa
One of the early discount brokers, with flat ₹20 pricing across segments.
- Flat pricing across segments
- Zero brokerage in the first 30 days
- Monthly AMC adds up over a year
- Delivery trades cost ₹20 each
Want to see what your own trading would cost at each broker? Use the brokerage calculator.
Frequently asked questions
Is Dhan or 5paisa cheaper for options trading?
Both charge ₹20 per order (also on expired, exercised or assigned contracts) per options order, and statutory charges such as STT are the same at both. Differences are in delivery charges, AMC and tools.
Are Dhan and 5paisa 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 Dhan and 5paisa?
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.