Dhan₹20 per order (also on expired, exercised or assigned contracts) on options · delivery ₹0
- Options brokerage
- ₹20 per order (also on expired, exercised or assigned contracts)
- Account opening
- ₹0
- Demat AMC
- ₹0
Broker comparison
Dhan vs.
Paytm Money
Which broker fits your needs?
Platforms, products and fees side by side.
Checked on Thu, 5 Nov, 2026
See comparisonDhan
Paytm MoneyVS
Summary
Your goal decides
Both charge ₹20 per options order, and statutory charges such as STT are the same at both, so the choice comes down to delivery charges, AMC, platform and tools. Dhan: Built around active F&O traders, with trading tools in the app. Paytm Money: App-first discount broker with no AMC and options tools in the app.
DhanBuilt around active F&O traders, with trading tools in the app.
Paytm MoneyApp-first discount broker with no AMC and options tools in the app.
At a glance
The key differences
| Criterion | Dhan | Paytm Money |
|---|---|---|
| Platforms | Dhan App, Dhan Web | Paytm Money app and web, TradingView charts, Open API |
| Product types | Indian Stocks, F&O, Commodities, Mutual Funds | Indian Stocks, F&O, Commodities |
| Options trading | Yes: NSE and BSE index and stock options | Yes: NSE and BSE index and stock options |
| Fee model | ₹20 per order (also on expired, exercised or assigned contracts) on options · delivery ₹0 | Up to ₹20 per executed order on options · delivery ₹20 or 2.5%, whichever is lower |
| Account opening | ₹0 | ₹0 |
| Demat AMC | ₹0 | ₹0 |
| Regulation | SEBI INZ000006031 | SEBI INZ000240532 |
| More information | Details | Details |
Platforms
Dhan
Dhan App, Dhan Web
Paytm Money
Paytm Money app and web, TradingView charts, Open API
Product types
Dhan
Indian Stocks, F&O, Commodities, Mutual Funds
Paytm Money
Indian Stocks, F&O, Commodities
Options trading
Dhan
Yes: NSE and BSE index and stock options
Paytm Money
Yes: NSE and BSE index and stock options
Fee model
Dhan
₹20 per order (also on expired, exercised or assigned contracts) on options · delivery ₹0
Paytm Money
Up to ₹20 per executed order on options · delivery ₹20 or 2.5%, whichever is lower
Account opening
Dhan
₹0
Paytm Money
₹0
Demat AMC
Dhan
₹0
Paytm Money
₹0
Regulation
Dhan
SEBI INZ000006031
Paytm Money
SEBI INZ000240532
Product access and costs depend on market, account and permissions.
Detailed comparison
Comparing fees
Compare total costs, not just the order fee.
DhanPaytm MoneyUp to ₹20 per executed order on options · delivery ₹20 or 2.5%, whichever is lower
- Options brokerage
- Up to ₹20 per executed order
- Account opening
- ₹0
- Demat AMC
- ₹0
The relevant costs depend on market, currency, order size and trading style.
Real costs
What 20 options trades a month cost
Dhan
- Brokerage per order
- ₹20
- All charges, 20 round trips
- ₹1,252
- Per year
- ₹15,027
Paytm Money
- Brokerage per order
- ₹20
- All charges, 20 round trips
- ₹1,252
- Per year
- ₹15,027
Illustrative: one Nifty lot (65) bought and sold at ₹100, 20 times a month, including STT, exchange charges, SEBI fee, stamp duty and GST. Use your own numbers.
Execution quality
Order type, venue and liquidity affect execution.
DhanCheck the provider’s execution policy and available order types for your account.
Provider informationPaytm MoneyCheck the provider’s execution policy and available order types for your account.
Provider informationProduct range
DhanIndian StocksF&OCommoditiesMutual Funds
Paytm MoneyIndian StocksF&OCommodities
Categories come from broker profiles. Check specific markets and permissions before deciding.
Trading platforms
DhanDhan App · Dhan Web
Options Trader app and web with an option chain from which orders can be placed directly. Free custom strategy builder with payoff graphs, strategy Greeks, breakevens and saved strategies, plus pre-built strategies such as straddles and strangles. Basket orders for executing several strikes or strategies in one go. Forever Orders, including OCO, that stay active until the trigger price is hit. DhanHQ trading APIs are free for Dhan users and cover orders, Forever Orders, basket orders, positions and option chain data.
Explore platformPaytm MoneyPaytm Money app and web, TradingView charts, Open API
App-first discount broker with no AMC and options tools in the app.
Explore platformRegulation does not prevent market losses. The relevant authority depends on the contracting entity.
Your investor profile
Who might it suit?
DhanBuilt 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
Paytm MoneyApp-first discount broker with no AMC and options tools in the app.
- No account opening charge and no AMC
- Option chain with Greeks and a strategy builder
- Delivery trades are not free
- ₹50 + GST for each automatic square-off by the system
Your questions
Frequently asked questions
Is Dhan or Paytm Money cheaper for options trading?
Both charge ₹20 per options order. STT and other statutory charges are the same at every broker; differences are in delivery charges, AMC and tools.
Are Dhan and Paytm Money regulated?
Both are SEBI-registered stock brokers and members of NSE and BSE.
Can I have accounts with both Dhan and Paytm Money?
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.
Your next step
Your next step
DhanBuilt around active F&O traders, with trading tools in the app.
Open accountRead reviewPaytm MoneyApp-first discount broker with no AMC and options tools in the app.
Open account