Dhan vs Groww vs Fyers

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Last updated: May 2026 · Charges and offers verified against official broker pages where noted.

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Overview
Description
Brand/Store
Availability
User Rating
Review
Company Overview
Establishment Year
Founder
Account opening & AMC
Account Opening Fee
AMC Upto ₹4 Lakh
AMC ₹4 to ₹10 Lakh
Brokerage Charges & Fees
Brokerage Plan
Commodity Futures charges
Commodity Options charges
Currency Futures charges
Currency Options charges
Equity Delivery Charges
Equity Futures charges
Equity Intraday Charges
Equity Options charges
Customer Services Offered
Demat Services
Intraday Services
IPO Services
NRI Services
Referral Program
Share Pledging
Trading Services
Customer Support
Call Support
Email Support
Website Support
Whatsapp Support
Pledge Charges
Interest on Margin Trading
Margin Re-Pledge
Pledge Creation Charges
Pledge Invocation Charges
Leverage (Margin) Offered
Equity Delivery Margin
Equity Intraday Margin
Unique Offerings
Brokerage Cashback
Flexible Brokerage Plans
Free Account Opening
Free AMC
Free Brokerage
Free Equity Delivery
Free Intraday Trading
Free Trading calls
Happy Trading Hours
No Brokerage on Loss Trades
Referral Offers
Relationship Manager
Services Provided
Banking
Corporate Bonds
Currency Futures
Currency Options
Digital Gold
Equity Delivery
Equity Futures
Equity Intraday
Equity Options
Foreign Stocks
Govt. Bonds
Insurance
Mutual Funds
Order Types
After Market Order (AMO)
Bracket Order
Buy Today Sell Tomorrow
Cover Order
Good Till Cancelled (GTC)
Limit Order
Market Order
Sell Today Buy Tomorrow
Research & Reports
Annual Reports
Company Reports
Daily Market Review
Fundamental Reports
IPO Reports
Monthly Review
Research Reports
Robo Advisory
Stock tips
Technical Reports
Weekly Review
STT & CTT Charges
Currency Futures STT & CTT
Currency Options STT & CTT
Equity Delivery STT & CTT
Equity Futures STT & CTT
Equity Intraday STT & CTT
Equity Options STT & CTT
Trading Features
Advanced charting
Customized Recommendations
Global indices
Live market
Multiple Profile Management
Mutual Fund Buying
Portfolio Details
Price Alert
Real Time Updates
Secure Platform
Watchlist
Trading Platforms
Algo Trading Platform
Android App
Basket Trading Platform
Bonds Investment Platform
Digital Gold Investment
Foreign Stocks Trading
iOS App
Mutual Fund Investment
Trading Terminal
Web Trading Platform
Transaction Charges
Comm. Futures Trxn. Charges
Comm. Options Trxn. Charges
Curr. Futures Trxn. Charges
Curr. Options Trxn. Charges
Equity Del. Trxn. Charges
Equity Futures Trxn. Charges
Equity Intra. Trxn. Charges
Equity Options Trxn. Charges
Stamp Duty charges
Commodity Futures Stamp Duty
Commodity Options Stamp Duty
Currency Futures Stamp Duty
Currency Options Stamp Duty
Equity Delivery Stamp Duty
Equity Futures Stamp Duty
Equity Intraday Stamp Duty
Equity Options Stamp Duty
Other Charges
Account Closure Charges
Call and Trade charges
Dematerialization Charges
DP Charges
GST charges
Reactivation Charges
SEBI Turnover Charges
Auto Square off Charges
Email Statements
KRA, CKYC, ESign Charges

Dhan Demat Account Review
9.6
Dhan demat account charges, features, and safety — verified against official sources.
In stock
-
Features & Services Provided
9
Brokerage Charges & Fees
9.6
Users Rating
9.8
User Interface
9.5
Customer Support
9
2021
Pravin Jadhav, Siddharth Menon
₹0
₹0 (Free for lifetime)
₹0/year
Regular flat-fee online plan
₹20 per executed order
₹20 per executed order
₹20 per executed order
₹20 per executed order
₹0
₹20 per executed order
Lower of ₹20 or 0.03%
₹20 per executed order
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
12.49% to 16.49% p.a. (Tiered)
Yes
₹15 + GST per ISIN
₹15 + GST per ISIN
1x; 100% upfront delivery margin
Up to 5x
No
No
Yes
Yes
No
Yes
No
No
No
No
Yes
No
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
No
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
No
Yes
No
No
Yes
No
No
No
No
No
Yes
No
Nil
Nil
STT 0.10% on buy and sell
STT 0.05% on sell side
STT 0.025% on sell side
STT 0.15% on sell side premium; 0.15% on exercise intrinsic value
Yes
No
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
MCX 0.00210%; NCDEX 0.0058%
MCX 0.0418%; NCDEX 0.03%
NSE 0.00035% on turnover
NSE 0.0311% on premium
NSE 0.00307%; BSE 0.00375%
NSE 0.00183% on contract value
NSE 0.00307%; BSE 0.00375%
NSE 0.03553% on premium; BSE 0.0325% on premium
0.002% on buy side
0.003% on buy side premium
0.0001% on buy side
0.0001% on buy side
0.015% or ₹1,500/crore on buy side
0.002% or ₹200/crore on buy side
0.003% or ₹300/crore on buy side
0.003% or ₹300/crore on buy side
₹0
₹50 per order + GST
₹250 per certificate + courier
₹12.50 + GST per ISIN
18% on brokerage, DP, exchange transaction charges, SEBI charges and other taxable service charges
₹0
₹10/crore or 0.0001% of turnover
₹20 per order + GST
Free
₹0

Groww Demat Account Review
Groww demat account charges, features, and safety — verified against official sources.
In stock
-
2016
Lalit Keshre, Harsh Jain, Neeraj Singh, Ishan Bansal
₹0
₹0 (Free for lifetime)
₹0/year
Regular Groww online plan
₹20 per executed order
₹20 per executed order
₹20 per executed order
₹20 per executed order
Lower of ₹20 or 0.1%
₹20 per executed order
Lower of ₹20 or 0.1%
₹20 per executed order
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
14.95% p.a.
Yes
₹20 + GST per ISIN
₹20 + GST per ISIN
1x; 100% upfront delivery margin
Up to 5x
No
No
Yes
Yes
No
No
No
No
No
No
Yes
No
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
No
Yes
Yes
No
Yes
No
Yes
Yes
Yes
No
Yes
No
No
Yes
No
No
No
No
No
No
No
Nil
Nil
STT 0.10% on buy and sell
STT 0.05% on sell side
STT 0.025% on sell side
STT 0.15% on sell side premium; 0.15% on exercise intrinsic value
No
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
No
Yes
Yes
No
Yes
Yes
No
Yes
MCX 0.00210%; NCDEX 0.0058%
MCX 0.0418%; NCDEX 0.03%
NSE 0.00035% on turnover
NSE 0.0311% on premium
NSE 0.00307%; BSE 0.00375%
NSE 0.00183% on contract value
NSE 0.00307%; BSE 0.00375%
NSE 0.03553% on premium; BSE 0.0325% on premium
0.002% on buy side
0.003% on buy side premium
0.0001% on buy side
0.0001% on buy side
0.015% or ₹1,500/crore on buy side
0.002% or ₹200/crore on buy side
0.003% or ₹300/crore on buy side
0.003% or ₹300/crore on buy side
₹0
No phone-order facility shown in regular online pricing
₹150 per cert + courier
₹16.50 + CDSL fee
18% on brokerage, DP, exchange transaction charges, SEBI charges and other taxable service charges
₹0
₹10/crore or 0.0001% of turnover
₹50 per position
Free
₹50 including GST

Fyers Demat Account Review
Fyers demat account charges, features, and safety — verified against official sources.
In stock
-
2015
Tejas Khoday, Yashas Khoday, Shreyas Khoday
₹0
₹0 (Free for lifetime)
₹0/year
Regular FYERS online plan
₹20 or 0.03% per order, lower
₹20 per executed order
₹20 or 0.03% per order, lower
₹20 per executed order
Lower of ₹20 or 0.3%
Lower of ₹20 or 0.03%
Lower of ₹20 or 0.03%
₹20 per executed order
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
12.49% p.a. onwards
Yes
₹5 + GST creation; ₹0 unpledge
₹0 unpledge; ₹5 + GST creation
1x; 100% upfront delivery margin
Up to 5x
No
No
Yes
Yes
No
No
No
No
No
No
Yes
No
No
No
Yes
Yes
No
Yes
Yes
Yes
Yes
No
No
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
No
No
Yes
No
No
No
No
No
Yes
No
Nil
Nil
STT 0.10% on buy and sell
STT 0.05% on sell side
STT 0.025% on sell side
STT 0.15% on sell side premium; 0.15% on exercise intrinsic value
Yes
No
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
No
No
Yes
Yes
Yes
Yes
MCX 0.00210%; NCDEX 0.0058%
MCX 0.0418%; NCDEX 0.03%
NSE 0.00035% on turnover
NSE 0.0311% on premium
NSE 0.00307%; BSE 0.00375%
NSE 0.00183% on contract value
NSE 0.00307%; BSE 0.00375%
NSE 0.03553% on premium; BSE 0.0325% on premium
0.002% on buy side
0.003% on buy side premium
0.0001% on buy side
0.0001% on buy side
0.015% or ₹1,500/crore on buy side
0.002% or ₹200/crore on buy side
0.003% or ₹300/crore on buy side
0.003% or ₹300/crore on buy side
₹0
₹50 per order
₹0
₹12.50 + GST per ISIN
18% on brokerage, DP, exchange transaction charges, SEBI charges and other taxable service charges
₹0
₹10/crore or 0.0001% of turnover
₹50 per order
Free
₹0

By Ajay Bohra · About the author

For Brokerage Plan, our sheet shows Dhan: Regular flat-fee online plan; Groww: Regular Groww online plan; Fyers: Regular FYERS online plan. Informational only; confirm tariffs on each broker's official site before opening an account.

This Dhan vs Groww vs Fyers guide compares charges and account terms for Dhan, Groww, and Fyers using our master broker sheet (updated from the same source as the live table above). Figures below are copied verbatim from that sheet—confirm current tariffs on each broker’s official website before opening an account. More comparisons: broker comparisons hub.

Charges at a glance

Parameter	Dhan	Groww	Fyers
Brokerage Plan	Regular flat-fee online plan	Regular Groww online plan	Regular FYERS online plan
Equity Delivery Charges	₹0	Lower of ₹20 or 0.1%	Lower of ₹20 or 0.3%
Equity Intraday Charges	Lower of ₹20 or 0.03%	Lower of ₹20 or 0.1%	Lower of ₹20 or 0.03%
Equity Futures charges	₹20 per executed order	₹20 per executed order	Lower of ₹20 or 0.03%

Key differences from our sheet

Brokerage Plan: Dhan — Regular flat-fee online plan; Groww — Regular Groww online plan; Fyers — Regular FYERS online plan.
Equity Delivery Charges: Dhan — ₹0; Groww — Lower of ₹20 or 0.1%; Fyers — Lower of ₹20 or 0.3%.
Equity Intraday Charges: Dhan — Lower of ₹20 or 0.03%; Groww — Lower of ₹20 or 0.1%; Fyers — Lower of ₹20 or 0.03%.
Equity Futures charges: Dhan — ₹20 per executed order; Groww — ₹20 per executed order; Fyers — Lower of ₹20 or 0.03%.

Individual broker reviews

Read our detailed reviews: Dhan demat review, Fyers demat review.

FAQs

What is the Dhan demat account opening fee?

Per our master broker sheet: ₹0. Verify on Dhan's official site.

What is the Groww demat account opening fee?

Per our master broker sheet: ₹0. Verify on Groww's official site.

What is the Fyers demat account opening fee?

Per our master broker sheet: ₹0. Verify on Fyers's official site.

What is the Dhan demat AMC on our sheet?

Per our master broker sheet: ₹0 (Free for lifetime). Verify on Dhan's official site.

What is the Groww demat AMC on our sheet?

Per our master broker sheet: ₹0 (Free for lifetime). Verify on Groww's official site.

What is the Fyers demat AMC on our sheet?

Per our master broker sheet: ₹0 (Free for lifetime). Verify on Fyers's official site.

What are Dhan equity delivery brokerage charges?

Per our master broker sheet: ₹0. Verify on Dhan's official site.

What are Groww equity delivery brokerage charges?

Per our master broker sheet: Lower of ₹20 or 0.1%. Verify on Groww's official site.

Brokerage plans, AMC slabs, and F&O tariffs can change. Use the comparison table at the top of this page for side-by-side product fields, and verify final numbers on official broker sites before you trade. This page is for information and education only—not personalized investment advice.