Broker comparison

Dhan vs ICICI Direct (2026): Brokerage, API, AMC & Execution Compared

Q: Dhan vs ICICI Direct: which has lower delivery brokerage?

At our last review, Dhan published delivery brokerage as "₹0 (free)" and ICICI Direct as "Plan-based - see official brokerage page (flat ₹20 plans available)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.

Q: Does Dhan or ICICI Direct have a trading API?

Both have documented APIs at review time: Dhan (DhanHQ API), ICICI Direct (Breeze API). Compare pricing and rate limits on each broker's developer page.

Q: Which is faster — Dhan or ICICI Direct?

Dhan publishes 95% < 25 ms (DEXT, self-reported). ICICI Direct has no verifiable execution-speed figure we could cite.

Q: Are these comparisons independent?

Yes. Indian Broker Test is not affiliated with, sponsored by, or endorsed by any broker. Rankings and comparisons use only published official data; gaps are shown as Not Disclosed.

Side-by-side comparison of Dhan and ICICI Direct from published official pricing and features — no affiliation with either broker.

By the Indian Broker Test editorial desk · Published 8 July 2026 · Data last reviewed 9 July 2026 · Independent

Dhan vs ICICI Direct — published pricing and features (official sources at last review)
Metric	Dhan	ICICI Direct
Delivery brokerage	₹0 (free)	Plan-based - see official brokerage page (flat ₹20 plans available)
Intraday brokerage	₹20 or 0.03% per order (whichever is lower)	Plan-based - flat ₹20 per order on current flat-fee plans
F&O brokerage	₹20 per order (flat)	Plan-based - flat ₹20 per order on current flat-fee plans
AMC	₹0	₹700 per year (₹300 for iVALUE subscribers)
Account opening	Free (online)	₹0 (free); 3-in-1 account with ICICI Bank
Trading API	DhanHQ API — Free (per official DhanHQ page)	Breeze API — See official Breeze API page
Reported execution speed	95% < 25 ms (DEXT, self-reported)self-reported	Not Disclosed
Algo support	Yes - free DhanHQ API; native TradingView charts and order placement	Yes - via Breeze API
Platforms	Dhan app, Dhan web, TradingView integration, Options Trader app	ICICI Direct web, ICICI Direct Markets app, Trade Racer
Best for (published)	Options traders and TradingView users who want modern tooling at flat-fee pricing.	ICICI Bank customers who want research, advisory and one integrated account.

Statutory charges (STT, exchange fees, GST, etc.) are not included. Figures are from official pricing pages at our last review — verify before opening an account.

What the published data shows

Dhan publishes free equity delivery; ICICI Direct does not (per official pricing at review). Dhan publishes an execution-speed figure; ICICI Direct does not on verifiable sources.

Tools & profiles

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Frequently asked questions

Dhan vs ICICI Direct: which has lower delivery brokerage?

At our last review, Dhan published delivery brokerage as "₹0 (free)" and ICICI Direct as "Plan-based - see official brokerage page (flat ₹20 plans available)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.

Does Dhan or ICICI Direct have a trading API?

Both have documented APIs at review time: Dhan (DhanHQ API), ICICI Direct (Breeze API). Compare pricing and rate limits on each broker's developer page.

Which is faster — Dhan or ICICI Direct?

Dhan publishes 95% < 25 ms (DEXT, self-reported). ICICI Direct has no verifiable execution-speed figure we could cite.

Are these comparisons independent?

Yes. Indian Broker Test is not affiliated with, sponsored by, or endorsed by any broker. Rankings and comparisons use only published official data; gaps are shown as Not Disclosed.

Sources

Dhan - official website - https://dhan.co
Dhan - official pricing - https://dhan.co/pricing/
ICICI Direct - official website - https://www.icicidirect.com
ICICI Direct - official pricing - https://www.icicidirect.com/brokerage