Dhan MCP server and seven other Indian broker MCPs: which are official, which can place orders, and how Claude and ChatGPT connect

What an MCP server is, in plain words

MCP (Model Context Protocol) is an open standard for connecting AI apps to outside systems. Its own site compares it to a USB-C port: one plug shape that many devices can use. When a broker runs an MCP server, it publishes a short menu of actions, called tools, such as "show holdings", "get a quote" or "place an order". Your AI app (Claude, ChatGPT, Cursor and others) is the client that reads that menu.

When you ask a question, the AI picks a tool, the broker's server runs it on your account, and the answer comes back into your chat. So the Dhan MCP server question is really two questions:

• Which tools did the broker switch on? Reading holdings is one thing. Placing an order is another.
• Who holds your login? Either you sign in on the broker's own page and the broker keeps the session, or you copy keys and codes into a file on your computer.

The grid below answers both for each broker, from the broker's own pages.

Broker MCP status on 13 October 2026

Brokers with an official MCP server

7 of 8

Angel One is the one where we found none

Can place regular orders through MCP

3

Dhan, Groww, 5paisa

Source: [3]

GTT orders only

1

Zerodha Kite MCP, per its May 2025 article

Source: [14]

No order placement

3

Upstox, FYERS, Kotak Neo

Separate agent skills that place orders

2

Upstox (6 June 2026) and Dhan

Source: [19]

Say MCP access is free

4

Zerodha, Upstox, 5paisa, Kotak Neo; the other 3 don't state a price

Indian broker MCP capability grid, checked 13 Oct 2026

What each broker's own docs, blog or staff post says its MCP server can do. "Not stated" means the pages we opened don't say.

Broker	Official server and where it runs	What the AI can read	Place, modify or cancel orders	Other actions	AI apps the broker names	Earliest date on the broker's page
Dhan	Yes. Hosted at mcp.dhan.co/mcp	Funds, holdings, positions, today's order book and trade book, historical candles. Live quotes and option chains need the paid Data API	Yes: place, modify and cancel, including Super Orders. Shows the order details first and runs a margin check by default	Price or indicator alerts with a linked order that fires on its own when triggered (equities and indices only)	Claude, Claude Code, ChatGPT desktop, Codex, Cursor, OpenCode; also names Kiro and VS Code	No launch date in its docs
Groww	Yes. Hosted at mcp.groww.in/mcp	Holdings, positions, P&L and chart data, for stocks and F&O only	Yes: buy, limit and stop-loss examples. Sell orders need DDPI. Groww's engineering blog (25 Aug 2025) says the server handles order placement and modification; cancelling is not mentioned	Not stated	Claude (custom connector), Cursor, VS Code; Windsurf named as a similar tool	4 Aug 2025
5paisa	Yes. Runs on your own computer from 5paisa's GitHub code	Account details, holdings, order book, live market data	Yes: place orders. Modify and cancel not stated	Backtests on 5paisa's historical data	Claude Desktop only (Windows, Mac, Linux)	17 Jun 2025 (forum announcement)
Zerodha (Kite MCP)	Yes. Hosted at mcp.kite.trade/mcp	Holdings, positions, margins, day P&L, quotes, historical candles	No on the hosted server. Zerodha's open-source code lets people who run it with their own API keys switch order tools on	GTT orders, per Zerodha's May 2025 article	Claude Desktop, Claude Code, Cursor, Windsurf, VS Code	20 May 2025
Upstox (MCP)	Yes. Hosted at mcp.upstox.com/mcp	Holdings, orders, positions, mutual funds, funds, profile	No. "You cannot place orders, modify positions, or execute trades"	None	Claude desktop and web, Claude Code, ChatGPT (Developer mode), Cursor, VS Code with Copilot	No date on the MCP page
Upstox (Agent Skill)	Official skill, not an MCP server. Uses Upstox's Python SDK and your own daily access token	Holdings, positions, funds, margin, live data, option chains	Yes: place, modify, cancel and exit, including multi-leg. Asks for confirmation; LIMIT orders by default	GTT orders; can trigger the kill switch	Claude Code, Codex, other SKILL.md agents. Upstox's plugin pages also offer it in the Claude desktop and web app, while its MCP page says the skill "won't run in plain Claude Desktop chat"	6 Jun 2026
FYERS	Yes. Hosted at mcp.fyers.in/mcp, with a Claude installer	Funds, holdings including mutual funds, positions, orders including GTTs, trade book, option chain, historical data	No: cannot place, modify or cancel orders, or move funds	Create and edit watchlists; manage price alerts	Claude (Windows and Mac installer), Cursor; FYERS's help article also names Windsurf	7 Nov 2025 (FYERS Team post); help article updated 18 Dec 2025
Kotak Neo	Yes. Hosted at neo.kotaksecurities.com/mcp-server/mcp	Holdings, order book, trade book, positions, live prices, Kotak research	No: order placement and modification are not available	None stated	Claude Desktop and Cursor, desktop only	No date on the page
Angel One	None found in Angel One's SmartAPI docs, its GitHub organisation (28 public repositories) or in search results	Not applicable	Community-built servers exist on MCP directories, and one was posted by a user on Angel One's SmartAPI forum; they are not Angel One products	Not applicable	Not applicable	Checked 13 Oct 2026

Checked 13 Oct 2026 on each broker's own site: docs.dhanhq.co MCP pages and a DhanTeam staff reply of 21 Aug 2026; groww.in update of 4 Aug 2025; 5paisa's MCP page, Windows setup guide and forum post of 17 Jun 2025; Zerodha's Z-Connect post of 20 May 2025, its MCP product page and the zerodha/kite-mcp-server README; Upstox's MCP page, Agent Skills page and announcements of 6 Jun and 7 Jul 2026; the FYERS Team community post of 7 Nov 2025; Kotak Neo's MCP page. Zerodha's own pages differ: the Z-Connect post says read-only except GTT, the product page says only "Read-only access", and the same post lists portfolio analysis while also saying portfolio data is unavailable. Groww's update page shows order examples; its engineering blog of 25 Aug 2025 adds placement and modification, and neither mentions cancelling. FYERS details also checked against its help article (updated 18 Dec 2025). Upstox's pages differ on where the Agent Skill runs: its plugin pages offer it in the Claude desktop and web app, while its MCP page says it runs only inside a coding agent.

Sources: [2], [3], [4], [5], [7], [9], [11], [12], [13], [14], [15], [16], [17], [18], [19], [21], [22], [23], [25], [26], [10], [20]

Download this table (CSV)

Broker by broker: what each official page says

Dhan MCP server

Dhan's docs describe a "first-party" server at mcp.dhan.co. You add that address as a custom connector and sign in through Dhan's own OAuth page; the docs say Dhan "uses OAuth, not a static token". The order tool's own warning reads: "These place real orders on your live Dhan account." Dhan says the assistant shows full order details first and runs a margin check by default.

Two details matter for traders. Alerts created through the AI can carry a linked order that fires by itself later, when the price condition is met. And a Dhan staff reply on its community forum (21 August 2026) says trade history is not exposed through MCP; you get portfolio, positions, today's order book and today's trade book. On "dhan mcp cost": Dhan states no MCP fee. Live quotes and option chains need the Data API subscription, which Dhan prices at ₹499 plus taxes a month (compared with other API fees in our algo trading charges guide).

Groww MCP

Groww's August 2025 post calls it "very early-stage tech". Its examples include buy, limit and stop-loss orders, and it says you need DDPI to place sell orders. It covers stocks and F&O only. A later post on Groww's engineering blog (25 August 2025) adds that sign-in uses OAuth, the user token "remains active for a day", and the server handles order placement and modification.

5paisa MCP

The only one here that runs on your own computer. 5paisa's Windows guide has you download its code from GitHub and type your API keys, your TOTP secret and your login PIN into a file called creds.json. 5paisa says these stay on your device and that every order, backtest and data pull is logged.

Zerodha Kite MCP

Zerodha's article says operations are read-only and order placement is "not available except for GTT orders". Zerodha's code on GitHub does include order tools; its README says the hosted server leaves out "potentially destructive trading operations" and that people who run their own copy with their own API keys can use them. More detail is in our Kite MCP guide.

Upstox MCP and Upstox Agent Skills

Upstox runs two separate things. The MCP server is read-only and needs a fresh OAuth consent every day. The Agent Skill, launched on 6 June 2026, is a rules file plus Upstox's Python SDK that a coding agent such as Claude Code or Codex uses to place, modify and cancel live orders, with a daily access token you generate yourself. Since 7 July 2026 both install from one Claude plugin marketplace, so read the name before you click install.

FYERS MCP and Kotak Neo MCP

Both say their servers can't place orders. FYERS lets the AI create watchlists and manage price alerts. Kotak Neo logs you in by scanning a QR code with the Kotak Neo app and works only in the desktop Claude and Cursor apps.

Angel One: community servers only

We found no Angel One MCP server on its SmartAPI site or among the 28 public projects in its GitHub organisation. The servers that show up for "angel one mcp server" are built by outside developers. One was posted on Angel One's own SmartAPI forum on 29 August 2026 by an ordinary forum user, not by Angel One staff.

“Because the skill can place live, irreversible financial orders, it enforces eight safety rules before any order is placed, modified, or cancelled.”

How each broker MCP logs you in, what it costs and what it says about your data, checked 13 Oct 2026

Login method and session length as each broker states them. Most brokers don't say how long a connection stays signed in.

Broker	How you sign in	How long access lasts	Cost of MCP access	What the broker says about your data
Dhan	OAuth: Dhan's sign-in page opens in your browser	Not stated; Dhan describes a "per-session permission model with explicit consent"	No MCP fee stated. Data API ₹499 + taxes a month, needed only for live quotes and option chains	"Your session stays on the server. No tokens in config files."
Groww	OAuth: you allow the AI app to access your Groww account in the browser	A day: Groww's engineering blog says the user token "remains active for a day"	No MCP fee stated. Lists a Claude Pro subscription, or tools like Cursor, as what you need	Access only with your explicit permission; no background syncing; no data storage on AI servers
5paisa	API keys, TOTP secret and login PIN typed into a file on your computer	Not stated	Free for existing 5paisa customers	Credentials stay on your device; calls encrypted; every action logged
Zerodha	Kite login with two-factor authentication in your browser	Not stated	Free; "no additional charges"	Credentials never pass through Claude; AI sees only what you authorise; revoke any time
Upstox (MCP)	OAuth consent in your browser	One day; you re-authorise daily	Free	No statement on how data is stored or shared; says daily re-authorisation "prevents unauthorized access" and the integration is "for analytical purposes only"
Upstox (Agent Skill)	Daily access token from the developer portal, kept in an environment variable or a local file	Token expires at the end of each trading day	Not stated	Token is never hardcoded; config file is kept out of code commits
FYERS	Official FYERS login window	Not stated	Not stated	No statement on how data is stored or shared; says "It cannot execute trades. It cannot move your funds."
Kotak Neo	Client code in chat, then scan a QR code with the Kotak Neo app	Not stated	No additional cost	MPIN, passwords and OTPs never shared with AI tools; only the data a question needs is sent

Checked 13 Oct 2026. Sources as in the capability grid, plus Dhan's "What is MCP?" page and its Data API support article. Groww's requirements are from its post of 4 Aug 2025; its OAuth sign-in and one-day token are from its engineering blog of 25 Aug 2025. Whatever a server returns becomes part of your conversation with the AI app, so that app's own privacy terms apply as well.

Sources: [2], [1], [6], [8], [9], [11], [12], [14], [15], [17], [18], [21], [23], [10]

Download this table (CSV)

Official or community-built: how to tell before you connect

Search "dhan mcp github" or "angel one mcp server" and the top results are MCP directories such as Glama, mcp.so and LobeHub. These list projects by outside developers next to brokers' own servers, and a directory may label a listing "Official" on its own. One Dhan listing we opened was built by an individual developer, listed 18 tools including ones to place, modify and cancel orders, needed your Dhan API key and secret, and was marked inactive.

Three checks settle it:

• The address. Official servers in our grid sit on the broker's own domain: mcp.dhan.co, mcp.kite.trade, mcp.groww.in, mcp.upstox.com, mcp.fyers.in and neo.kotaksecurities.com. 5paisa's code sits in the 5paisa GitHub organisation.
• The broker's docs link to it. If the broker's developer site doesn't mention the server, treat it as unofficial.
• What it asks you for. Hosted official servers send you to the broker's own login page. A server that wants your PIN and TOTP secret holds everything needed to log in as you. Angel One's own SmartAPI code, for example, logs in with an API key, your client code, your PIN and a code generated from your TOTP QR value. Note that 5paisa's official server also asks for a TOTP secret and PIN, stored in a file on your computer.

Unofficial does not mean unsafe, and official does not mean risk-free. It tells you who answers for the code when something goes wrong.

Safety checklist before you connect a broker account to an AI app

• Start with a server that can't place orders

  Upstox, FYERS and Kotak Neo say theirs can't. Zerodha's hosted server is limited to GTT orders.

• Check the server address is on the broker's own domain

  Compare it with the address in the broker's docs, letter by letter.

• Never type your PIN or TOTP secret into a server you didn't get from the broker

  Hosted official servers ask you to log in on the broker's page instead.

• Switch off order tools you don't want the AI to call

  Claude's help page says you can disable individual tools from its "Search and tools" menu.

• Don't click "Allow always" for an order tool

  Read each approval request; it shows what the AI is about to send.

• Read every order preview in full

  Symbol, buy or sell, quantity in lots, order type, price and product (intraday or delivery).

• Check alerts that carry a linked order

  At Dhan, an alert created through the AI can place its order later without another prompt.

• Keep a broker kill switch within reach

  Our kill switch comparison lists where it sits at each broker.

• Disconnect when you're done

  Zerodha says you can revoke access any time; remove the connector in your AI app's settings too.

Using broker MCPs with Claude and ChatGPT

Most Indian broker servers name Claude first. Claude's help page, checked on 13 October 2026, says custom connectors work on Free, Pro, Max, Team and Enterprise plans, and that "Free users are limited to one custom connector". Groww's post from August 2025 said only Claude Pro users could see the custom connector option "for now"; Claude's current page no longer says that. Zerodha's article warns that on Claude's free plan you may hit the conversation length limit quickly.

For ChatGPT, Upstox says its server works "with Developer mode" and Dhan gives steps for the ChatGPT desktop app. Zerodha's pages don't list ChatGPT. If you want to try one, follow the broker's own read-only guide, such as Zerodha's Kite MCP post or Upstox's MCP page.

Three read-only questions to ask

1. "List my open F&O positions with expiry date, quantity and current P&L. Don't suggest any trades."
2. "Show today's order book, including rejected orders, with the rejection reason for each."
3. "Compare margin used with margin available right now, and list which positions use the most margin."

Each one only reads. None asks the AI what to buy or where the market is going, which no broker server can know. Orders placed through a broker's MCP still pass through the broker's order system; none of the broker pages we read says how SEBI's retail algo framework treats them.

What the broker's server can never tell the AI

A broker MCP hands the AI your fills: symbol, price, time, quantity, P&L. It has no field for why you took the trade, where you meant to exit, whether you moved your stop, or whether you were trading to win back the morning's loss. Ask it "why do I keep losing on Thursdays?" and it can only guess from numbers.

OneTradeJournal takes the other route. You log each trade by hand, with your plan, stop, target, emotions, mistakes and notes, and the paid Ask Your Journal feature lets you chat with an AI about those logged trades. It doesn't connect to any broker and can't place orders, so nothing it says can turn into a trade. It can still be wrong, and it only knows what you logged. If you want an AI to look at your account, the grid above shows what each broker allows. If you want an AI to look at your decisions, they have to be written down somewhere first. The free AI journal reviewer shows the idea.

Short answers on Dhan, Angel One, Kite and Upstox MCP

Does Dhan have an MCP server?+

Yes. As of 13 October 2026, Dhan's developer docs list an official server at mcp.dhan.co/mcp. You sign in through Dhan's OAuth page, and it can read your portfolio and place, modify and cancel real orders.

Is Dhan MCP free?+

Dhan's MCP pages state no fee for MCP itself. Live quotes and option chains need Dhan's Data API subscription, ₹499 plus taxes a month; without it those requests return "Unauthorized".

Does Angel One have an MCP server?+

We found no official one on 13 October 2026. The servers listed for Angel One on MCP directories are built by outside developers. Angel One's own SmartAPI login uses an API key, your PIN and a TOTP code, so a server that logs in for you has to hold those.

Can Upstox MCP place orders?+

No. Upstox says its MCP server is read-only. Its separate Agent Skill, launched on 6 June 2026 for coding agents like Claude Code and Codex, can place, modify and cancel live orders.

Can Claude trade on my Zerodha account through Kite MCP?+

Zerodha says Kite MCP is read-only apart from GTT orders. Its GitHub README says the hosted server leaves out "potentially destructive trading operations".

Do I need Claude Pro to connect a broker?+

Claude's help page says custom connectors work on the Free plan too, limited to one. Groww's August 2025 post said Pro only "for now", so check Groww's current page before paying.

Sources

Every figure on this page comes from one of these. Each was checked on the date shown.

1. [1]DhanHQ documentation home: MCP and Agent Skills sections · checked 13 Oct 2026
2. [2]DhanHQ docs: Dhan MCP installation · checked 13 Oct 2026
3. [3]DhanHQ docs: Dhan MCP orders tools · checked 13 Oct 2026
4. [4]DhanHQ docs: Dhan MCP alerts tool · checked 13 Oct 2026
5. [5]DhanHQ docs: Dhan MCP market data tools · checked 13 Oct 2026
6. [6]DhanHQ docs: What is MCP? · checked 13 Oct 2026
7. [7]Dhan community (madefortrade.in): DhanTeam reply on what Dhan MCP exposes, 21 Aug 2026 · checked 13 Oct 2026
8. [8]Dhan support: How does the DhanHQ Data API subscription work? · checked 13 Oct 2026
9. [9]Groww product update: Chat With Your Groww Account Using Groww MCP, 4 Aug 2025 · checked 13 Oct 2026
10. [10]Groww Engineering Blog (tech.groww.in): Building Groww MCP, a technical deep dive, 25 Aug 2025 · checked 13 Oct 2026
11. [11]5paisa: 5paisa MCP, your AI trading companion · checked 13 Oct 2026
12. [12]5paisa: MCP AI trading assistant setup for Windows · checked 13 Oct 2026
13. [13]5paisa TradeBetter forum: Introducing 5paisa MCP, 17 Jun 2025 · checked 13 Oct 2026
14. [14]Zerodha Z-Connect: Connect your Zerodha account to AI assistants with Kite MCP, 20 May 2025 · checked 13 Oct 2026
15. [15]Zerodha: Kite MCP product page · checked 13 Oct 2026
16. [16]Zerodha GitHub: kite-mcp-server README · checked 13 Oct 2026
17. [17]Upstox developer docs: MCP integration · checked 13 Oct 2026
18. [18]Upstox developer docs: Upstox Agent Skills · checked 13 Oct 2026
19. [19]Upstox announcement: Upstox Agent Skills launch, effective 6 Jun 2026 · checked 13 Oct 2026
20. [20]Upstox announcement: Upstox plugin marketplace for Claude, effective 7 Jul 2026 · checked 13 Oct 2026
21. [21]FYERS community (FYERS Team post): FYERS MCP, connect your FYERS account to AI, 7 Nov 2025 · checked 13 Oct 2026
22. [22]FYERS support: What connections are available with FYERS MCP? (updated 18 Dec 2025) · checked 13 Oct 2026
23. [23]Kotak Neo: Kotak Neo launches MCP · checked 13 Oct 2026
24. [24]Angel One GitHub: smartapi-python README (login example) · checked 13 Oct 2026
25. [25]Angel One GitHub organisation: public repositories · checked 13 Oct 2026
26. [26]Angel One SmartAPI forum: 'angelone-mcp' topic posted by a user, 29 Aug 2026 · checked 13 Oct 2026
27. [27]Glama MCP directory: community DhanHQ MCP server listing (not a Dhan product) · checked 13 Oct 2026
28. [28]Claude Help Center: Get started with custom connectors using remote MCP · checked 13 Oct 2026
29. [29]Model Context Protocol: What is MCP? · checked 13 Oct 2026