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Dhan vs Upstox

Built from live entity records — same tables as our curated reviews. Highest editorial rating here: Dhan.

In this comparison (2/4)

DhanUpstox

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Comparison of Dhan, Upstox: pricing, ratings and key facts
4.4/ 5
4.3/ 5
Best forActive F&O and intraday traders who live in charts.Mobile-first traders and developers who use trading APIs.
Annual maintenance (AMC)₹0 lifetime₹0 first year, then ₹300/year
Equity delivery₹0₹20 per order
Intraday₹20 or 0.03% per order₹20 or 0.1% per order
Futures₹20 per order₹20 or 0.05% per order
Fees & pricing score4.5/54.4/5
Trading platforms score4.7/54.3/5
Customer support score3.8/53.7/5

Highlighted rows differ. “Confirming” means we haven't re-verified that figure yet — check the official pricing page.

4.4/ 5

Dhan is the most trader-polished newcomer. Long-term buy-and-hold investors lose nothing by staying with Zerodha/Groww.

What we like

  • Excellent options-trading and charting UX
  • Free account opening, zero AMC positioning
  • Trader-first feature velocity
  • Clean modern interface

Watch out for

  • Young broker — shorter track record
  • No US stocks or advisory
  • Mutual-fund experience is secondary
4.3/ 5

Upstox is a solid low-cost alternative to the big two, especially for API users. Confirm current AMC and plan details before opening an account.

What we like

  • Free account opening
  • Fast Pro web + mobile platforms
  • Good API for algo traders
  • Competitive flat pricing

Watch out for

  • AMC and platform nuances change often — verify
  • Support quality is inconsistent
  • Margin-trading funding costs add up
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