Broker comparison

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

Q: Dhan vs IIFL Securities: which has lower delivery brokerage?

At our last review, Dhan published delivery brokerage as "₹0 (free)" and IIFL Securities as "0.25% per order (Investor Plan - Online Plus, per official rate card)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.

Q: Does Dhan or IIFL Securities have a trading API?

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

Q: Which is faster — Dhan or IIFL Securities?

Dhan publishes 95% < 25 ms (DEXT, self-reported); IIFL Securities publishes ≈ 95 ms (median). 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 IIFL Securities?

On our four example trades (intraday, delivery, options and futures), Dhan is cheaper on 3, IIFL Securities on 0, and 0 are tied, with the rest not modelled from published pricing. 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 IIFL Securities 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

3 – 0Cheaper on example trades (Dhan – IIFL Securities)
7 – 5Published features (of 9)

Dhan vs IIFL Securities — published pricing and features (official sources at last review)
Metric	Dhan	IIFL Securities
Delivery brokerage	₹0 (free)	0.25% per order (Investor Plan - Online Plus, per official rate card)
Intraday brokerage	₹20 or 0.03% per order (whichever is lower)	0.025% per order (Investor Plan - Online Plus)
F&O brokerage	₹20 per order (flat)	Futures 0.025% per order; options ₹25 per lot (Investor Plan - Online Plus)
AMC	₹0 (individuals & HUFs)	Free first year, then ₹250 + GST per year
Account opening	Free (online)	Free (₹0 online)
Trading API	DhanHQ API — Free trading API; Data API ₹499 + taxes per month	IIFL Securities API
Reported execution speed	95% < 25 ms (DEXT, self-reported)self-reported	≈ 95 ms (median)
Algo support	Yes - free DhanHQ API; native TradingView charts and order placement	Yes - via IIFL trading API
Platforms	Dhan app, Dhan web, TradingView integration, Options Trader app	IIFL Markets app, IIFL web (Trading Terminal), IIFL NEST desktop
Best for (published)	Options traders and TradingView users who want modern tooling at flat-fee pricing.	Investors who want a full-service broker with in-house research and wide product coverage.

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	IIFL Securities	Cheaper
Intraday: ₹1 lakh buy & sell	₹82.97	₹95.06	Dhan (saves ₹12.09)
Delivery: ₹50,000 buy & sell	₹131.78	₹441.53	Dhan (saves ₹309.75)
Options: premium ₹100 × 75	₹66.43	Not modelled	-
Futures: ₹24,000 × 75	₹1,067.15	₹2,083.06	Dhan (saves ₹1,015.91)

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

Feature check

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

What the published data shows

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

Tools & profiles

Related comparisons

Frequently asked questions

Dhan vs IIFL Securities: which has lower delivery brokerage?

At our last review, Dhan published delivery brokerage as "₹0 (free)" and IIFL Securities as "0.25% per order (Investor Plan - Online Plus, per official rate card)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.

Does Dhan or IIFL Securities have a trading API?

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

Which is faster — Dhan or IIFL Securities?

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

Is Dhan cheaper than IIFL Securities?

On our four example trades (intraday, delivery, options and futures), Dhan is cheaper on 3, IIFL Securities on 0, and 0 are tied, with the rest not modelled from published pricing. 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/
IIFL Securities - official website - https://www.iiflcapital.com
IIFL Securities - official pricing - https://www.iiflcapital.com/brokerage-charges