Dhan vs Upstox vs Zerodha vs Groww (2025) — Best Broker Comparison for Options, Intraday & Investing

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Why Comparing Brokers in 2025 Matters More Than Ever

The Indian trading ecosystem has exploded in the last few years. In 2024 alone, over 2 million new traders entered the market, most of them trading options, futures, and intraday.
As we enter 2025, the choice of broker isn’t just a convenience — it’s a competitive edge.

The right platform can mean:

• Faster order execution

• Better charting and options tools

• Transparent and lower brokerage

• Reliable customer support

• Advanced features like algo trading, strategy builders, and APIs

But with more than 300 registered stockbrokers in India and hundreds of trading apps on the Play Store, the question remains — which one should you trust?

This in-depth comparison of Dhan vs Upstox vs Zerodha vs Groww (2025) will help you make the right choice.
We’ll compare them across brokerage, features, platforms, reliability, options tools, and more — with honest pros and cons.

By the end, you’ll know exactly which broker fits your trading style — whether you’re an active options trader, an intraday scalper, or a long-term investor.

Quick Comparison: Dhan vs Upstox vs Zerodha vs Groww

 

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

Dhan has quickly become the go-to broker for serious traders.
Built from the ground up for active options, intraday, and algo traders — it brings institutional-grade tools to retail users.

Key Features of Dhan

• Zero brokerage on delivery and flat ₹20 per order for intraday & F&O

• Advanced Options Chain with real-time Greeks, IV, Max Pain & OI trends

• Built-in Options Strategy Builder (pre-made & custom)

• Native TradingView Integration — trade directly from charts

• Free API Access for algorithmic trading

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

• Superfast Execution with 20-depth market data

• Dedicated Options Trader App for power users

What Makes Dhan Unique

• Dhan WiFi: Sync your trades across web and app in real-time

• Scalper Mode: One-tap trading directly from charts

• Iceberg Orders: Split large trades for better execution

• Forever Orders: Set long-term buy/sell triggers

• ScanX Screener: Real-time market scans for insights

Ideal For

• Options traders & strategy builders

• Intraday & scalper traders

• Algo traders using APIs

• Advanced users seeking TradingView integration

Pros

• Fastest order execution

• Native TradingView with chart trading

• Free API & powerful option tools

• Clean UI and stable performance

Cons

• Requires learning curve for beginners

Verdict

Dhan is hands down the best broker for active traders in 2025.
Its combination of advanced tools, zero account opening cost, and lightning-fast platforms make it perfect for those serious about trading.

🚀 Open your Free Dhan Trading Account now and experience next-level speed, data, and execution.

Dhan also offers different financial instrument to trade and invest such as Mutual Funds IPO’s, NFO’s, ETF, SGB, Bonds etc.

All Key Features of Dhan:

Trusted by 2 million+ users, Dhan has become the go-to trading app for traders and investors looking for speed, advanced tools, reliability, and excellent customer support.

Whether you’re a beginner or a seasoned pro, Dhan offers an all-in-one trading platform designed to simplify your investment journey in the Indian stock market.

1. Dhan have 3 trading platform for all devices known as Dhan App for Mobile, Dhan for desktop web version and dedicated option trading platform (Web + App) by dhan. You can do fundamental as well as technical analysis quite easily on all its platform.
2. Pre-Built Option Trading Strategies for FREE plus customized Option strategy builder which you won’t be getting at any other broker.
3. You can Invest and trade in all segments at Dhan broker i.e. Equity (Stocks), FNO, Commodity, Currency on NSE, BSE & MCX.
4. One of the USP of Dhan is it’s brokerage structure, brokerage charges are kept at decent Rs 20 or 0.03% (Whichever is lower) per order.
5. There are no brokerage charges for delivery based trades at Dhan. 
6. Dhan also gives Margin Trading Facility (MTF) for up to 4X leverage (75% funds) from Dhan for Equity Delivery trading. You can buy 950+ stocks and hold them for unlimited period of time.
7. With Dhan you can also invest and trade in IPO’s, NFO’s, SIP, Bonds, ETF, SGB, and many other financial products with so much ease.
8. Recently Dhan have also made tie up with smallcase for making portfolio based investment moreover they do have a stock recommendation tool as well which gives long term investment ideas known as Stratzy.
9. Dhan App have been downloaded on playstore for more than 1 million with a user rating of 4.5 which also shows the trust they have created among users within small time period.
10. Dhan also offers another feature known as WelathBasket, it is a basket of stocks/ETFs, based on a strategy, theme or idea. WealthBaskets are professionally managed and help you invest in Stock Markets in a systematic way.
11. Dhan has also partnered with Tactic who provides Trade Ideas & Strategies of top SEBI registered traders in currently 3 modes – Intraday, Positional & BTST. This feature will greatly help the new as well as experience traders.
12. 1Cliq by oipulse is integrated with Dhan which helps fast traders to identify trends especially scalpers. You can have trade execution with pre defined SL, auto Trailing SL, MTM target and stop loss are some of it’s amazing features.
13. Dhan also has Auto-Detection of Candlestick Patterns on Charts on their trading platform which means charts will now automatically recognize & display the names of 37 widely known Candlestick Patterns. Combine this with dhan other features like 20 Depth Data, Price Alerts, Import Watchlists, etc. you have enough data to help you with your trades.
14. There are different types of orders available at dhan such as forever, after market, basket order and lot more.
15. For a limited time period you can open a Free Dhan trading/demat account with Zero Annual Maintenance Charges online here.
16. If we talk about Margin at Dhan, after SEBI Rules on Intraday margin every stockbroker is giving same margin of 5X throughout India, hence this does not matter anymore.
17. Overall, Dhan is best for intraday traders as well as investors as the brokerage is very less, moreover the trading platform is best and available with all tools and resources in all 3 versions.

 

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

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

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 for Everyday Traders

Upstox has built its reputation as one of India’s most reliable and beginner-friendly brokers. Backed by Ratan Tata, it blends simplicity with power, making it the perfect middle ground between ease of use and advanced functionality.

Key Features of Upstox

• ₹0 brokerage on delivery trades; flat ₹20 per order on F&O, intraday, and commodities

• Option Chain Tool with built-in Greeks and ready-made strategies

• UpLearn platform for beginner education

• Margin Trading up to 4×

• Upstox Pro App for advanced users

• Fast onboarding with instant account opening

What Makes Upstox Special

• Beginner-friendly interface — smooth for both web and mobile users

• Ready-made options strategies

• Reliable performance during high-volume days

• Access to IPOs, mutual funds, and digital gold

Ideal For

• New traders and investors

• Intraday traders looking for speed

• Options traders who want pre-built strategies

• Investors diversifying into IPOs or mutual funds

Pros

• Excellent UI and smooth performance

• Good mix of features for trading & investing

• Educational resources via UpLearn

• Quick account setup

Cons

• Partial TradingView integration

• Some tools available only after login

Verdict

Upstox is the best broker for balanced traders — those who want an intuitive platform with the right mix of features.
It offers reliability, speed, and simplicity, all at low costs.

📱 Start Trading with Upstox — Open Your Free Account Now!

 

💼 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 — India’s Most Trusted, But Slowing on Innovation

Zerodha changed the Indian brokerage industry forever when it launched the discount broking revolution in 2010. It remains the largest broker by client base and is known for unmatched reliability.

Key Features of Zerodha

• ₹0 brokerage for delivery and ₹20 per trade for intraday & F&O

• Kite trading platform — web and mobile versions

• Strong ecosystem: Varsity (education), Coin (mutual funds), Console (reporting)

• Excellent customer trust and compliance track record

What’s Great About Zerodha

• Rock-solid stability — rarely faces downtime

• Powerful back-office tools

• Largest user base in India

• Exceptional support & transparency

Where Zerodha Falls Short

• No Margin Trading Facility (MTF)

• No built-in strategy builder or advanced Greeks

• Interface looks dated compared to newer platforms

Ideal For

• Long-term investors

• Conservative traders

• Users prioritizing reliability over innovation

Pros

• Reliable and trustworthy brand

• Excellent learning content (Varsity)

• Simple, clean UI

Cons

• Limited innovation for options & intraday traders

• Paid API access

Verdict

Zerodha remains the best broker for long-term investors and users who want unmatched trust and simplicity.
However, for active and options traders, Dhan and Upstox offer far better modern tools.

4. Groww — Simplicity First, Trading Second

Groww started as a mutual fund investing platform and later expanded into stock trading.
It’s now one of India’s most popular investment apps, but its focus remains on simplicity rather than professional-grade trading features.

Key Features of Groww

• ₹0 brokerage on delivery and ₹20 per order on intraday/F&O

• Clean and modern UI for beginners

• Invest in stocks, mutual funds, ETFs, IPOs, and sovereign bonds

• Instant onboarding and seamless app experience

Where Groww Shines

• Perfect for first-time investors

• Simple portfolio tracking

• Great mutual fund integration

• Fast account opening process

Limitations

• No advanced charting tools

• No API or algo support

• Limited options analytics

Ideal For

• Beginners entering the market

• Long-term investors

• Mutual fund SIP users

Verdict

Groww is ideal if you’re an investor who wants a clean, distraction-free experience.
For active traders, though, it lacks the speed, tools, and analytics power of Dhan or Upstox.

Feature-by-Feature Deep Comparison

Which Broker is Best for You?

Final Verdict — Who Wins in 2025?

• 🥇 Dhan – Best for active traders, options, and intraday

• 🥈 Upstox – Best for balanced traders and beginners

• 🥉 Zerodha – Best for long-term investors

• ⭐ Groww – Best for simplicity and casual users

Dhan is the overall winner of 2025, combining lightning-fast execution, built-in TradingView, free API, and advanced option analytics — all in one platform.
If you’re serious about trading, there’s no better broker right now.

🚀 Open Your Free Dhan Account Today — Trade Smarter, Faster, and Better!

FAQs — Best Brokers in India 2025

1. Which is the best broker for options trading in India 2025?
Dhan tops the list with advanced options tools, Greeks, and strategy builder.

2. Which broker has the lowest brokerage?
All three (Dhan, Upstox, Zerodha) charge ₹0 for delivery and ₹20 for F&O orders.

3. Which app is best for beginners?
Upstox and Groww are best suited for beginners due to their simple UI.

4. Which broker supports algo trading?
Dhan (Free API) and Zerodha/Upstox (Paid APIs) offer algo support.

5. Is Dhan a safe broker?
Yes. Dhan is SEBI-registered and a member of NSE, BSE, MCX, ensuring full regulatory compliance.

6. Which broker is best for intraday trading?
Dhan and Upstox both offer excellent intraday features, margin, and reliability.

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 2 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 groww 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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