Best App for Options Trading in India 2025 | Dhan vs Zerodha, Upstox, Fyers

The Indian stock market is experiencing a historic boom, and options trading has quickly become one of the most popular ways for retail traders to participate. In 2024 alone, over 2 million new traders entered the market, with a majority turning to mobile trading apps for convenience.

But with 200+ stockbrokers registered with NSE, and dozens of trading apps available on the Play Store and App Store, choosing the best broker for options trading in India (2025) is no easy task.

If you’re serious about trading options — whether as a beginner or a seasoned intraday scalper — your choice of broker can make or break your trading success. The right broker not only reduces your costs but also provides the advanced tools you need to analyze option chains, Greeks, open interest, max pain, and execute options strategies with precision.

In this in-depth guide, we’ll break down:

• What to look for in an options trading app

• Common mistakes traders make when choosing a broker

• A feature-by-feature comparison of Dhan, Zerodha, Upstox, and Fyers

• Why Dhan emerges as the best options trading app in India 2025

Let’s dive in.

Why Choosing the Right Broker Matters in 2025

The Indian trading ecosystem is evolving at lightning speed. The rise of low-cost discount brokers has given retail traders access to markets at near-zero delivery costs and flat intraday/F&O charges.

However, options trading is very different from equity delivery or investing in mutual funds. It requires specialized tools and lightning-fast execution. If you’re trading without access to features like option Greeks, strategy builders, or advanced charting, you’re essentially trading blind.

Here’s why your broker matters more than ever in 2025:

✅ Low brokerage & transparent charges — save costs on frequent trades
✅ Advanced options tools — Greeks, strategy builder, option chain insights
✅ Seamless app experience — fast, intuitive, stable apps across devices
✅ Fast execution speed — crucial for scalpers and intraday traders
✅ Trusted support — SEBI-registered, reliable customer service

💡 Did you know? Many retail traders in India lose money in options not because of bad market conditions, but due to using apps without the right tools or with hidden charges.

What Options Traders Really Need

Unlike simple stock buying/selling, options trading is complex. A good trading app must provide more than just an order screen.

Here are the must-have tools for option traders in India:

• Option Chain Table – with live OI, IV, PCR, Max Pain

• Option Greeks – Delta, Theta, Gamma, Vega for proper risk assessment

• Strategy Builder – pre-built and custom options strategies

• Charts – seamless TradingView or advanced chart integration

• Execution Tools – fast order placement, iceberg orders, one-click strategies

• Margin & Leverage – MTF (Margin Trading Facility) for F&O positions

• Third-Party Integrations – APIs for algo trading or screeners

If your broker doesn’t provide these, you’re likely at a disadvantage.

Common Mistakes Traders Make When Selecting a Broker

Despite the growing awareness, thousands of traders still fall for these traps:

❌ Choosing only based on brokerage → Low brokerage doesn’t matter if execution is slow.
❌ Ignoring advanced tools → Trading options without Greeks or strategy builders is risky.
❌ Not checking hidden charges → Some brokers charge for APIs, data feeds, or margin.
❌ Overlooking platform stability → A flashy app is useless if it crashes during market hours.

This is why we’ve shortlisted the top 4 brokers for options trading in India 2025 based on real experience and not just marketing claims.

Quick Comparison: Dhan vs Upstox vs Zerodha vs Fyers

Broker Reviews — Best Options Trading Apps in India (2025)

1. Dhan — India’s Most Powerful Broker for Active Traders

Dhan has quickly emerged as the best options trading app in India for 2025. Built specifically for traders (not just investors), Dhan offers everything a serious trader needs:

✅ Why Dhan Leads the Pack

• ₹0 brokerage on delivery trades, flat ₹20/order on intraday & F&O

• Advanced Options Chain with Greeks, IV, OI trends, Max Pain, PCR

• Built-in Options Strategy Builder (pre-built + custom strategies)

• Native TradingView integration – trade directly from charts

• Free API access for algo trading (rare among brokers)

• Margin Trading Facility (MTF) up to 4× leverage

• Lightning-fast execution with 20-depth market view

• High app rating (4.6★) with strong user reviews

⭐ Unique Features That Make Dhan Stand Out

• Dhan WiFi: Sync app & web seamlessly

• Iceberg Plus Orders: Split large trades for better execution

• Super Orders: Place entry, target & stop-loss in one click

• Scalper Mode: One-tap trading from charts

• ScanX Screener: Advanced stock insights & real-time trends

📌 Ideal For

• Active day traders

• Options strategists

• Algo traders & scalpers

• Investors seeking a modern platform

Verdict: Dhan is hands down the best app for options trading in India 2025. It combines advanced tools, speed, and simplicity with zero account opening charges.

👉 Open Free Dhan Account Today

If you’re looking for a modern, feature-rich, and trader-friendly platform, Dhan is easily one of the best choices available today. From zero account opening charges to advanced tools like native TradingView, options strategy builder, and free API access, Dhan is clearly built with the modern Indian trader in mind.

Whether you’re an intraday trader, an options strategist, or a long-term investor, Dhan offers the perfect blend of speed, simplicity, and smart technology — without burning a hole in your pocket.

Why wait? Open your Dhan account now and take control of your trading journey with confidence.

👉 Click here to get started with Dhan

2. Upstox — The Balanced Powerhouse

Upstox remains a strong competitor, offering a clean, beginner-friendly app along with decent options tools.

✅ Key Strengths

• ₹0 delivery brokerage, flat ₹20/order intraday & F&O

• Option Chain with Greeks & strategy tools

• UpLearn: educational hub for traders

• Margin trading up to 4×

⚡ Pros

• Smooth, modern interface (web + app)

• Good balance of investing & trading features

• Ready-made strategies for beginners

❌ Limitations

• Advanced tools less powerful than Dhan

• TradingView integration not fully native

Verdict: Best for retail traders who want balance between simplicity and tools.

👉 Open Free Upstox Account in 5 Minutes

💼 What Makes Upstox the Best Choice?

• ✅ Limited Time Free Account Opening – Zero AMC, online KYC
• ✅ ₹0 Brokerage on Mutual Funds, IPOs, Gold Bonds
• ✅ Flat ₹20/order on Equity, F&O, Currency & Commodity
• ✅ Access to UpLearn – Learn strategies, trading & more
• ✅ Invest in P2P Lending & Fixed Deposits
• ✅ Tools for every level – from beginner to pro

 

🏁 Ready to Get Started?

🎯 Open Your Free Demat + Trading Account in Just 5 Minutes!

✅ 100% Online | ⏱ Quick Setup | 💰 ₹0 Opening Fee

 

3. Zerodha — Reliable but Slowing Innovation

Zerodha is India’s pioneer of discount broking and still the largest broker by active clients. Its Kite app is reliable, but it’s no longer leading in innovation.

✅ Strengths

• ₹0 delivery brokerage, ₹20/order intraday & F&O

• Vast ecosystem (Kite, Varsity, Coin, Console)

• Very stable and trusted brand

❌ Limitations

• Outdated UI compared to Dhan/Upstox

• No built-in options strategy builder

• No margin trading facility (MTF)

Verdict: Great for long-term investors and conservative traders, but lags behind in advanced options tools.

4. Fyers — Feature-Rich for Technical Traders

Fyers has built a reputation among tech-savvy traders thanks to its advanced charting features and InstaOptions tool.

✅ Strengths

• Flat ₹20/order across all segments

• Built-in TradingView + Scalper Terminal

• InstaOptions strategy builder

• Free AMC & advanced screeners

❌ Limitations

• Smaller user base

• Moderate customer support compared to bigger brokers

Verdict: Best for chart-focused technical traders who want advanced analytics.

Feature-by-Feature Deep Dive

Let’s compare these brokers across critical features for options traders:

📊 Options Tools

• Dhan: Full-featured Greeks + pre/custom strategies

• Fyers: InstaOptions & scalper terminal

• Upstox: Customizable, but less advanced

• Zerodha: Basic

📈 Charting & Execution

• Dhan: Native TradingView + scalper mode

• Fyers: Built-in TradingView + scalper

• Upstox: Partial TradingView

• Zerodha: Kite charts only

💰 Brokerage & Margin

• All: ₹0 delivery, flat ₹20/order intraday

• MTF up to 4×: Available with Dhan, Upstox, Fyers

• Zerodha: ❌ No MTF

⚙️ Algo Trading

• Dhan: Free API

• Fyers: API support

• Upstox & Zerodha: Paid API

 

FAQs on Best Broker for Options Trading in India 2025

Q1. Which broker is best for options trading in India 2025?
👉 Dhan leads the list with advanced Greeks, built-in strategy builder, and free API.

Q2. Is Zerodha still worth it in 2025?
Yes, for investors. But for active options traders, Dhan, Upstox, or Fyers are better.

Q3. Which broker offers the best charting?
Dhan & Fyers — both have native TradingView integration.

Q4. Do all brokers offer zero brokerage on delivery?
Yes — Dhan, Upstox, Zerodha, Fyers all charge ₹0 for delivery trades.

Q5. Which app is the highest rated by users?
Dhan — with a 4.6★ app rating and fast execution.

Final Verdict: Best Options Trading App in India 2025

Here’s the ranking of brokers for options traders in 2025:

👉 Dhan is the clear leader for options trading in India 2025.

It offers:

• Advanced options tools (Greeks, Max Pain, OI, PCR)

• Free API & algo trading support

• TradingView integration for chart lovers

• Lightning-fast execution with smart orders

• Zero account opening charges

If you’re serious about trading options, don’t compromise on tools or speed.

🔥 Open Your Free Dhan Account Today & Start Trading Smarter →

If you’re a trader or want more control over execution, charts, and speed.
Dhan is not just another discount broker — it’s genuinely innovating, especially for the next-gen Indian trader.

If you’re tired of clunky trading platforms and want modern, high-speed trading with transparent fees — Dhan is one of the best stockbrokers in India today.

According to the latest NSE reports  there are about 200+ stock brokers in India, however what makes Dhan a leading and strong contender in the stock broking industry is the tools and resources they have in their trading platform.

Moreover there are no hidden charges and the brokerages are very minimal if we do the industry comparison. They are also backed by cash enriched investors so nothing to fear.

If I have to rate Dhan app after looking at there breakthrough pricing model for brokerages as well as other charges and experiencing there simple yet great user interface for trading platform I would give it 9.6 out of 10.

There’s never been a better time to take control of your financial future and with Dhan, you get the fastest, most reliable, and feature-packed stock broker app in India for 2025.

Whether you’re a beginner eager to start investing or an experienced trader seeking advanced tools and zero brokerage on delivery trades, Dhan has everything you need to succeed.

Don’t settle for less. Join over 1.5 million + satisfied users who trust Dhan to power their trading journey every day. With zero account opening fees, free access to multiple platforms, and dedicated customer support, the path to smarter trading has never been easier.

🚀 Ready to Elevate Your Trading Game?
Start your journey with Dhan — India’s fastest, most reliable, and user-friendly stock broker app trusted by over 1 million users.

No hidden fees. No complicated processes. Just smart, seamless trading.

Open My Free Dhan Account Now

It takes less than 5 minutes to sign up and start trading.

 

Whereas Upstox is the second choice as it is no longer just a low-cost broker—it’s evolved into a smart, trader-focused ecosystem. Whether you’re a beginner, swing trader, or options expert, it offers tools that grow with you.

If you’re tired of minimal tools (Groww) or outdated workflows (Zerodha), Upstox gives you the perfect edge in the fast-moving world of Indian stock markets.

Upstox is much better than fyers and zerodha If we do a overall comparison of various charges.

and if you’re serious about trading—especially in derivatives, intraday, or using market tools—Upstox is clearly the better platform.

It offers a perfect balance of affordability, functionality, and professional-grade tools that other brokers lacks.

So, if you are more of a trader making intraday trades on daily basis and looking for investing and trading in other segments than you should go with Upstox without any doubt.

If I have to rate upstox overall as an leading discount broker I will give it 9.2 out of 10

👉 Ready to switch or start fresh? Click here to open your free Upstox account now and experience the next generation of trading!

🎯 Open Your Free Demat + Trading Account in Just 5 Minutes!

✅ 100% Online | ⏱ Quick Setup | 💰 ₹0 Opening Fee

 

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