Head-to-head
Upstox vs Dhan: Which Trader Platform Wins?
The two most trader-pitched discount brokers head to head: Upstox with speed claims and free APIs, Dhan with TradingView-native charts and options-trader UX. Fees are near-identical — experience decides.
Pricing confirmation pending — verify on the official site before acting.
4.3/ 5 | 4.4/ 5 | |
|---|---|---|
| Best for | Mobile-first traders and developers who use trading APIs. | Active F&O and intraday traders who live in charts. |
| Account opening | ₹0confirming | ₹0confirming |
| Annual maintenance (AMC) | ₹0confirming | ₹0confirming |
| Equity delivery | ₹20 per orderconfirming | ₹0confirming |
| Intraday | ₹20 per orderconfirming | ₹20 or 0.03% per orderconfirming |
| Options | ₹20 per orderconfirming | ₹20 per orderconfirming |
| Futures | ₹20 per orderconfirming | ₹20 per orderconfirming |
| Mutual funds | ✓ Supported | ✓ Supported |
| IPO | ✓ Supported | ✓ Supported |
| US stocks | — | — |
| Fees & pricing score | 4.4/5 | 4.5/5 ★ |
| Trading platforms score | 4.3/5 | 4.7/5 ★ |
| Customer support score | 3.7/5 | 3.8/5 ★ |
| Research & education score | 3.0/5 ★ | 3.0/5 ★ |
| Ease of opening score | 4.4/5 ★ | 4.4/5 ★ |
Highlighted rows differ. “Confirming” means we haven't re-verified that figure yet — check the official pricing page.
Algo/API traders: Upstox. Chart-driven discretionary traders: Dhan.
Upstox: strengths & weaknesses
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
Dhan: strengths & weaknesses
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
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How we research. Every fee on this site carries a source and a verification date. Data is re-checked against official broker pages; read our editorial methodology. LetsInvest is a research publication, not a financial adviser — see our terms.