Broker comparison

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

Q: Upstox vs Dhan: which has lower delivery brokerage?

At our last review, Upstox published delivery brokerage as "₹20 or 2.5% per order (whichever is lower)" and Dhan as "₹0 (free)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.

Q: Does Upstox or Dhan have a trading API?

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

Q: Which is faster — Upstox or Dhan?

Upstox publishes ≈ 135 ms (median); Dhan publishes 95% < 25 ms (DEXT, self-reported). Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.

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 Upstox and Dhan 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

Upstox vs Dhan — published pricing and features (official sources at last review)
Metric	Upstox	Dhan
Delivery brokerage	₹20 or 2.5% per order (whichever is lower)	₹0 (free)
Intraday brokerage	₹20 or 0.05% per order (whichever is lower)	₹20 or 0.03% per order (whichever is lower)
F&O brokerage	₹20 per order (flat)	₹20 per order (flat)
AMC	₹0 first year, then ₹300 + GST per year	₹0
Account opening	Free (online)	Free (online)
Trading API	Upstox API — Free (per official developer page)	DhanHQ API — Free (per official DhanHQ page)
Reported execution speed	≈ 135 ms (median)	95% < 25 ms (DEXT, self-reported)self-reported
Algo support	Yes - via Upstox API	Yes - free DhanHQ API; native TradingView charts and order placement
Platforms	Upstox app, Upstox web (Pro)	Dhan app, Dhan web, TradingView integration, Options Trader app
Best for (published)	Intraday and options traders who prioritise app speed and a free API.	Options traders and TradingView users who want modern tooling at flat-fee pricing.

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; Upstox does not (per official pricing at review). Both publish execution-speed figures (Upstox: ≈ 135 ms (median); Dhan: 95% < 25 ms (DEXT, self-reported)) — methodologies differ; see each profile before comparing on speed alone.

Tools & profiles

Related comparisons

Frequently asked questions

Upstox vs Dhan: which has lower delivery brokerage?

At our last review, Upstox published delivery brokerage as "₹20 or 2.5% per order (whichever is lower)" and Dhan as "₹0 (free)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.

Does Upstox or Dhan have a trading API?

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

Which is faster — Upstox or Dhan?

Upstox publishes ≈ 135 ms (median); Dhan publishes 95% < 25 ms (DEXT, self-reported). Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.

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

Upstox - official website - https://upstox.com
Upstox - official pricing - https://upstox.com/brokerage-charges/
Dhan - official website - https://dhan.co
Dhan - official pricing - https://dhan.co/pricing/