Broker comparison

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

Q: Dhan vs Paytm Money: which has lower delivery brokerage?

At our last review, Dhan published delivery brokerage as "₹0 (free)" and Paytm Money as "₹20 per order (accounts opened on or after 25 Aug 2023)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.

Q: Does Dhan or Paytm Money have a trading API?

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

Q: Which is faster — Dhan or Paytm Money?

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

Q: Is Dhan cheaper than Paytm Money?

On our four example trades (intraday, delivery, options and futures), Dhan is cheaper on 1, Paytm Money on 0, and 3 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 Paytm Money 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

1 – 0Cheaper on example trades (Dhan – Paytm Money)
7 – 3Published features (of 9)

Dhan vs Paytm Money — published pricing and features (official sources at last review)
Metric	Dhan	Paytm Money
Delivery brokerage	₹0 (free)	₹20 per order (accounts opened on or after 25 Aug 2023)
Intraday brokerage	₹20 or 0.03% per order (whichever is lower)	₹20 per order (flat)
F&O brokerage	₹20 per order (flat)	₹20 per order (flat)
AMC	₹0 (individuals & HUFs)	₹0 demat AMC (per official site)
Account opening	Free (online)	See official pricing page
Trading API	DhanHQ API — Free trading API; Data API ₹499 + taxes per month	Paytm Money API
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 trading API
Platforms	Dhan app, Dhan web, TradingView integration, Options Trader app	Paytm Money app, Paytm Money web
Best for (published)	Options traders and TradingView users who want modern tooling at flat-fee pricing.	Paytm users who want investing and broking inside one ecosystem.

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	Paytm Money	Cheaper
Intraday: ₹1 lakh buy & sell	₹82.97	₹82.97	Tie
Delivery: ₹50,000 buy & sell	₹131.78	₹178.98	Dhan (saves ₹47.2)
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	Paytm Money
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; Paytm Money does not (per official pricing at review). Dhan publishes an execution-speed figure; Paytm Money does not on verifiable sources.

Tools & profiles

Related comparisons

Frequently asked questions

Dhan vs Paytm Money: which has lower delivery brokerage?

At our last review, Dhan published delivery brokerage as "₹0 (free)" and Paytm Money as "₹20 per order (accounts opened on or after 25 Aug 2023)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.

Does Dhan or Paytm Money have a trading API?

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

Which is faster — Dhan or Paytm Money?

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

Is Dhan cheaper than Paytm Money?

On our four example trades (intraday, delivery, options and futures), Dhan is cheaper on 1, Paytm Money on 0, and 3 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/
Paytm Money - official website - https://www.paytmmoney.com
Paytm Money - official pricing - https://www.paytmmoney.com/stocks/pricing