Dhan vs Fyers: what a trade costs

The charges each broker sets

DP charges include GST and apply once for each stock you sell from your demat on a day, whatever the quantity. AMC figures are for a regular demat account; a basic services demat account (BSDA) pays less or nothing.

What a whole trade costs

A buy and a sell at the same price, with STT, stamp duty, exchange and SEBI charges, GST and the DP charge included. The cheaper broker for each trade is highlighted.

Which is cheaper for you

Delivery trades. Dhan costs the same or less for delivery trades of every size up to ₹10 lakh. It is ₹47 cheaper on ₹10,000 and ₹47 cheaper on ₹1 lakh.

Intraday trades. Dhan and Fyers cost the same for intraday trades of any size.

Trading often. 200 delivery round trips of ₹50,000 in a year cost about ₹25,198 at Dhan and ₹34,638 at Fyers, so Dhan saves about ₹9,440 a year.

Margin (MTF). On ₹2 lakh of funding held for 30 days, interest comes to about ₹2,053 at Dhan and ₹2,546 at Fyers, ₹493 less at Dhan. Margin trades also pay pledge charges and their own brokerage at most brokers.

Account fees. Both charge the same demat AMC (₹0).

What is the same at both

STT, stamp duty, exchange and SEBI charges are set by the government, the exchange and SEBI, and every broker collects the same amounts. On a ₹1 lakh delivery round trip they come to about ₹222, most of the bill at either broker. Price is also only part of the choice. Order tools, app reliability and support matter too, and this page does not rate them.

Rates from each broker's own page as published on 20 October 2026: Dhan, Fyers. Standard plans for a resident individual trading NSE stocks; paid plans, offers and F&O are not included. Brokers change their rates, so check before you decide. ZenTrader is independent of both brokers. Neither broker pays us anything.