5paisa vs mStock vs Dhan: Charges & Costs (2026)
Disclosure: We may earn a commission if you open a demat account via links on this page. This does not affect our editorial independence. Read our Affiliate Disclosure.
This page contains an affiliate link. If you open a Dhan account through it, we may earn a commission at no extra cost to you. See our Affiliate Disclosure.
5paisa: delivery ₹20 per order, AMC ₹25 a month + GST for some BSDA clients; mStock: delivery ₹10 per order, AMC ₹0; Dhan: delivery ₹0, AMC ₹0. On a ₹1,00,000 delivery round trip the total charges are ₹285.02 on 5paisa, ₹267.32 on mStock, ₹237.23 on Dhan.
Last updated: October 2026
This page compares 5paisa, mStock and Dhan on what you actually pay: brokerage, AMC, DP charges and the total cost of three sample trades. Charges were checked against each broker’s published pricing in October 2026 and can change, so confirm before you open an account. This is information, not investment advice.
5paisa vs mStock vs Dhan: charges side by side
| Charge | 5paisa | mStock | Dhan |
|---|---|---|---|
| Account opening | ₹0 | ₹0 | ₹0 |
| Equity delivery brokerage | ₹20 per order | ₹10 per order | ₹0 |
| Equity intraday brokerage | ₹20 per order | ₹10 per order | Lower of ₹20 or 0.03% |
| Futures and options | ₹20 per order | ₹10 per order | ₹20 per order |
| Demat AMC | ₹25 a month + GST for BSDA clients with more than one demat account | ₹0 | ₹0 for individuals and HUFs |
| DP charge on sells | ₹15.34 per scrip per day on sells | ₹18 + GST per debit on sells | ₹12.50 + GST per ISIN sold |
| Call and trade | ₹20 + GST per order | ₹0 | ₹50 + GST per order |
What the same trades cost on each broker
These examples add up brokerage, STT, exchange charges, SEBI fees, stamp duty, GST and the DP charge on a round trip (buy and sell). Delivery and intraday trades buy and sell ₹1,00,000 of shares once each. The options trade buys premium worth ₹50,000 and sells it for ₹60,000, with one lot per order. Amounts are rounded to the nearest paisa.
| Trade | 5paisa | mStock | Dhan |
|---|---|---|---|
| Delivery (₹1,00,000 buy and sell) | ₹285.02 | ₹267.32 | ₹237.23 |
| Intraday (₹1,00,000 buy and sell) | ₹82.68 | ₹59.08 | ₹82.68 |
| Options (₹50,000 buy, ₹60,000 sell) | ₹184.95 | ₹161.35 | ₹184.95 |
Delivery: Dhan is lowest at ₹237.23; the next lowest is ₹267.32 (₹30.09 more). Intraday: mStock is lowest at ₹59.08; the next lowest is ₹82.68 (₹23.60 more). Options: mStock is lowest at ₹161.35; the next lowest is ₹184.95 (₹23.60 more). Your own order sizes and how often you trade decide which costs least, so test them in the calculator.
5paisa vs mStock vs Dhan: what to weigh
5paisa may suit you if:
- you value features and service that this charges-only page does not cover
mStock may suit you if:
- you trade intraday: it is the lowest on that example by ₹23.60
- you trade options: it is the lowest on that example by ₹23.60
Dhan may suit you if:
- you buy and sell delivery often: it is the lowest on that example by ₹30.09
These statements describe published charges, not a recommendation. Use the brokerage calculator to test your own numbers.
Full charge breakdowns
5paisa charges page. mStock charges page. Dhan charges page. More pairs are on the broker comparisons hub.
5paisa vs mStock vs Dhan: FAQs
Which of 5paisa, mStock and Dhan is cheapest for delivery?
Dhan on the ₹1,00,000 delivery example: ₹285.02 on 5paisa, ₹267.32 on mStock, ₹237.23 on Dhan.
Which has the lowest AMC?
5paisa: ₹25 a month + GST for some BSDA clients; mStock: ₹0; Dhan: ₹0.
How do F&O charges compare?
5paisa: ₹20 per order; mStock: ₹10 per order; Dhan: ₹20 per order. Options example totals: ₹184.95 on 5paisa, ₹161.35 on mStock, ₹184.95 on Dhan.
How do DP charges compare?
5paisa: ₹15.34 per scrip per day on sells; mStock: ₹18 + GST per debit on sells; Dhan: ₹12.50 + GST per ISIN sold.
Is STT different between brokers?
No. STT is set by the government: 0.1% on buy and sell for delivery, 0.025% on the sell side for intraday, 0.05% on the sell side for futures and 0.15% on the sell premium for options. It is the same at every broker.
Sources
5paisa: 5paisa pricing page. mStock: mStock pricing page. Dhan: Dhan pricing page. STT, stamp duty, SEBI turnover fee and exchange transaction charges follow the rates set by the government, SEBI and the exchanges.
Brokerage, AMC and statutory charges change. This page is for information and education only, not investment advice.
