Broker comparison

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

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

At our last review, Dhan published delivery brokerage as "₹0 (free)" and Arrow 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 Dhan or Arrow have a trading API?

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

Q: Which is faster — Dhan or Arrow?

Dhan publishes 95% < 25 ms (DEXT, self-reported); Arrow publishes 95% < 2.9 ms · 99% < 4 ms. Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.

Q: Is Dhan cheaper than Arrow?

On our four example trades (intraday, delivery, options and futures), Dhan is cheaper on 0, Arrow on 0, and 4 are tied. Statutory charges are identical, so any difference comes from brokerage.

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 Arrow 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 14 November 2026 · Independent

0 – 0Cheaper on example trades (Dhan – Arrow)
7 – 4Published features (of 9)

Dhan vs Arrow — published pricing and features (official sources at last review)
Metric	Dhan	Arrow
Delivery brokerage	₹0 (free)	₹0 (free)
Intraday brokerage	₹20 or 0.03% per order (whichever is lower)	₹20 or 0.03% per order (whichever is lower)
F&O brokerage	₹20 per order (flat)	₹20 per order (options); ₹20 or 0.03% per order for futures (whichever is lower)
AMC	₹0 (individuals & HUFs)	₹0 (individual accounts; ₹500/year for non-individual accounts)
Account opening	Free (online)	₹0 (free)
Trading API	DhanHQ API — Free trading API; Data API ₹499 + taxes per month	Arrow API — See official docs
Reported execution speed	95% < 25 ms (DEXT, self-reported)self-reported	95% < 2.9 ms · 99% < 4 msself-reported
Algo support	Yes - free DhanHQ API; native TradingView charts and order placement	API with Python & Go clients; in-house algo tools “Coming soon” per official site
Platforms	Dhan app, Dhan web, TradingView integration, Options Trader app	Arrow mobile app (iOS/Android), Arrow web, Python & Go clients
Best for (published)	Options traders and TradingView users who want modern tooling at flat-fee pricing.	Latency-sensitive and professional traders who prioritise order-execution speed.

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.

Cost face-off: what real trades cost

Total charges per round trip, brokerage + all statutory charges (NSE)
Trade	Dhan	Arrow	Cheaper
Intraday: ₹1 lakh buy & sell	₹82.97	₹82.97	Tie
Delivery: ₹50,000 buy & sell	₹131.78	₹131.78	Tie
Options: premium ₹100 × 75	₹66.43	₹66.43	Tie
Futures: ₹24,000 × 75	₹1,067.15	₹1,067.15	Tie

Illustrative quantities. Try your own trade in the compare-all brokerage calculator.

Feature check

Feature	Dhan	Arrow
Free delivery	✓	✓
Zero AMC	✓	✓
Free API	✓	–
TradingView	✓	–
MCX commodity	✓	✓
Mutual funds	–	–
IPO	✓	–
Research desk	–	–
Published speed	✓	✓

What the published data shows

Both publish execution-speed figures (Dhan: 95% < 25 ms (DEXT, self-reported); Arrow: 95% < 2.9 ms · 99% < 4 ms) — methodologies differ; see each profile before comparing on speed alone.

Tools & profiles

Related comparisons

Frequently asked questions

Dhan vs Arrow: which has lower delivery brokerage?

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

Does Dhan or Arrow have a trading API?

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

Which is faster — Dhan or Arrow?

Dhan publishes 95% < 25 ms (DEXT, self-reported); Arrow publishes 95% < 2.9 ms · 99% < 4 ms. Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.

Is Dhan cheaper than Arrow?

On our four example trades (intraday, delivery, options and futures), Dhan is cheaper on 0, Arrow on 0, and 4 are tied. Statutory charges are identical, so any difference comes from brokerage.

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/
Arrow - official website - https://arrow.trade
Arrow - official pricing - https://arrow.trade/pricing