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Dhan vs ICICI Direct: which is cheaper?

Dhan is cheaper for delivery, intraday, futures and options. They cost about the same (within ₹1) for currency futures, currency options, commodity futures and commodity options. On a ₹1 lakh delivery buy and sell, Dhan costs ₹237.23 and ICICI Direct ₹930.48 including taxes and the DP charge.

Checked 31 Oct 2026. Totals include 18% GST, STT, exchange and SEBI fees, stamp duty and the DP charge on delivery sells.

Who is cheaper, segment by segment

Each trade is one buy order and one sell order at the size shown.

Segment and tradeDhanICICI Direct MoneySaver (default)Cheaper
Equity delivery₹1 lakh buy + sell₹237.23₹930.48Dhan by ₹693.25
Equity intraday₹1 lakh buy + sell₹82.68₹103.92Dhan by ₹21.24
Equity futures₹10 lakh contract₹612.75₹1,249.95Dhan by ₹637.20
Equity options₹10,000 premium, buy + sell₹70.91₹139.35Dhan by ₹68.44
Currency futures₹85,000 contract, buy + sell₹48.19₹48.19About the same
Currency options₹1,000 premium₹47.94₹47.94About the same
Commodity futures₹6 lakh contract, buy + sell₹150.35₹150.35About the same
Commodity options₹10,000 premium₹62.39₹62.39About the same

Dhan vs ICICI Direct on your own trade

Enter your own trade size. Totals include brokerage, 18% GST, STT, exchange and SEBI fees, stamp duty and, on delivery sells, the DP charge.

On this tradeDhanICICI DirectMoneySaver (default)
Brokerage₹0.00₹580.00
GST on brokerage₹0.00₹104.40
STT₹200.00₹200.00
Exchange and SEBI fees, with GST₹7.48₹7.48
Stamp duty₹15.00₹15.00
DP charge on the sell₹14.75₹23.60
Total₹237.23₹930.48

Dhan is ₹693.25 cheaper on this trade.

Small and large trades

Flat-fee plans cost the same at any size; percentage and per-lot plans grow with the trade.

TradeDhanICICI DirectCheaper
Equity delivery₹10,000, buy + sell₹37.00₹114.29Dhan by ₹77.29
Equity delivery₹5 lakh, buy + sell₹1,127.16₹4,558.01Dhan by ₹3,430.85
Equity delivery₹25 lakh, buy + sell₹5,576.78₹22,695.63Dhan by ₹17,118.85
Equity intraday₹5 lakh, buy + sell₹224.61₹519.61Dhan by ₹295.00
Equity intraday₹25 lakh, buy + sell₹934.23₹2,598.03Dhan by ₹1,663.80
Equity futures₹25 lakh contract, buy + sell₹1,461.07₹3,124.87Dhan by ₹1,663.80
Equity options₹25,000 premium, 5 lots, buy + sell₹106.47₹637.47Dhan by ₹531.00
Equity options₹1 lakh premium, 20 lots, buy + sell₹284.29₹2,549.89Dhan by ₹2,265.60

Rate cards side by side

ChargeDhanICICI Direct MoneySaver (default)
Equity delivery₹00.29% of trade value
Equity intraday₹20 or 0.03% (whichever is lower)0.029% of trade value
Equity futures₹20 per order0.029% of trade value
Equity options₹20 per order₹49 per lot
Currency futures₹20 or 0.03% (whichever is lower)₹20 per order
Currency options₹20 per order₹20 per order
Commodity futures₹20 per order₹20 per order
Commodity options₹20 per order₹20 per order
DP charge per sell₹14.75₹23.60
Demat AMC₹0₹700/yr

ICICI Direct also offers the iValue add-on plan, which changes some of these numbers. See every ICICI Direct plan.

Check before you choose

Dhan

  • F&O that goes to physical delivery costs 0.10% of contract value.
  • Free delivery, ETFs and IPOs; zero AMC for individuals.
  • Auto square-off ₹20 + GST; call & trade ₹50 + GST.

ICICI Direct

  • If you buy no plan you pay 0.29% on delivery, 0.029% on intraday and futures, and ₹49 per options lot.
  • One-time Prime plans bring delivery down to 0.25%–0.07%.
  • Call & trade ₹50 per order.

Common questions

Which is cheaper, Dhan or ICICI Direct?

Dhan is cheaper for delivery, intraday, futures and options. They cost about the same (within ₹1) for currency futures, currency options, commodity futures and commodity options. On a ₹1 lakh delivery buy and sell, Dhan costs ₹237.23 and ICICI Direct ₹930.48 including taxes and the DP charge. Rates checked 31 Oct 2026.

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