Options trading rewards precision. Timing matters. Strategy matters. Consistency matters. However, traditionally, every trade also comes with a cost: brokerage fees.
CoinDCX offers a ₹0 brokerage benefit on Crypto Options through a daily fee refund model for eligible users. Under this model, standard trading fees are charged at the time of trade execution, and eligible users receive a daily refund of those trading fees directly into their Options Wallet.
This benefit is applicable for users whose cumulative Options Notional Volume remains below 1 million USDT. Once a user crosses the cumulative Options Notional Volume threshold, standard Options trading fees apply on all subsequent trades without any refund.
A maker-taker fee of 1 basis point applies to all Options trades. Fee rebates are available up to the eligible notional trading volume threshold, after which rebates will no longer apply. Trading fees will continue to remain capped at 7% of the option premium value. Delivery fees and liquidation fees remain unchanged and are not covered under the refund benefit.
What Is Changing in CoinDCX Options Brokerage?
CoinDCX is moving from an upfront zero-brokerage model to a daily refund-based brokerage model for eligible Options users.
This means eligible users will still get the benefit of ₹0 brokerage, but not as an upfront fee waiver. Instead, trading fees will be charged when the trade is placed and later refunded daily to the user’s Options Wallet if the user’s lifetime notional volume is under 1M USDT.
| Earlier Model | Updated Model |
| ₹0 fees were applied upfront on eligible Options trades. | A 1 bps maker-taker fee is charged upfront on all Options trades. |
| No refund process was required. | Eligible users receive fee refunds the following day. |
How to Check If You Are Eligible for Daily Fee Refunds
You are eligible for daily trading fee refunds if your cumulative Options Notional Volume is below 1M USDT.
You can check your eligibility directly on the Options Order Page. Eligible users will see the applicable fee percentage with a strike-through effect, along with the message “Get Fees Refunded Daily.” You can tap this message or open the Fee Details section from the three-dot menu on the Order Page to view the full terms, eligibility details, and refund timeline.
New App Version: Non-Eligible User Experience
In the new app version, users whose cumulative Options Notional Volume is above 1M USDT will no longer be eligible for the trading fee refund benefit.
For these users, standard Options trading fees will apply on all subsequent trades. The Order Page and Fee Details section will show the applicable Maker and Taker fees normally, without strike-through or refund messaging.
Who Is Eligible for the ₹0 Brokerage Refund?
Users are divided into two categories based on their cumulative Options Notional Volume.
| User Type | Eligibility | What Happens |
| Eligible users | Cumulative Options Notional Volume below 1M USDT | Standard trading fees are charged first and refunded daily to the Options Wallet |
| Non-eligible users | Cumulative Options Notional Volume above 1M USDT | Standard Options trading fees apply without any refund |
Traders can access the platform through the Options Web Terminal or trade on the CoinDCX mobile app.
What Is Options Notional Volume?
Options Notional Volume refers to the total value of your Options trades on CoinDCX. It is calculated using the following formula:
Options Notional Volume = Quantity × Index Price
For example, if you trade 0.01 BTC and the BTC Index Price is 88,000 USDT (say), your notional volume for that trade will be: 0.01 × 88,000 = 880 USDT
This volume is tracked cumulatively across your Options trades. Your eligibility is recalculated after every trade. As long as your cumulative Options Notional Volume remains below 1M USDT, you remain eligible for the daily trading fee refund benefit.
Once your cumulative Options Notional Volume crosses 1M USDT, standard Options trading fees will apply from the next trade onward.
How Will the ₹0 Brokerage Refund Work?
Here is how the updated fee refund model works:
- You place an Options trade on CoinDCX.
- Standard trading fees are charged at the time of trade execution.
- If your cumulative Options Notional Volume is below 1M USDT, the eligible trading fees are refunded daily to your Options Wallet.
- Once your cumulative Options Notional Volume crosses 1M USDT, standard Options trading fees apply on all future trades.
Only trading fees are eligible for the refund. Delivery fees and liquidation fees are not included in the refund benefit.
What Eligible Users Will See on the App
If your cumulative Options Notional Volume is below 1M USDT, you will see the applicable fee percentage with a strike-through effect on the Order Page, along with refund messaging such as “Get Fees Refunded Daily.”
You can tap the fee refund message or open the Fee Details section to view the complete terms, eligibility details, and refund timeline.
| App Section | What Eligible Users Will See |
| Order Page | Fee shown with strike-through and refund messaging |
| Fee Details | Explanation of the daily refund benefit |
| Options Wallet | Daily refund credited after processing |
| Transaction History | Refund shown as “Transfer In” |
What Non-Eligible Users Will See on the App
If your cumulative Options Notional Volume crosses 1M USDT, you will no longer be eligible for the trading fee refund benefit.
Standard Options trading fees will apply on all subsequent trades. The fee will be displayed normally on the Order Page without strike-through or refund messaging.
| App Section | What Non-Eligible Users Will See |
| Order Page | Standard trading fees displayed normally |
| Fee Details | Standard Maker and Taker fee details |
| Options Wallet | No trading fee refund credited |
| Transaction History | No brokerage refund entry for future trades |
What Happens If One Trade Crosses the 1M USDT Limit?
If you are close to the 1M USDT limit and one trade pushes your cumulative notional volume above the threshold, the refund will still apply to that full trade.
For example:
| Existing Notional Volume | New Trade Value | Refund Eligibility |
| $990,000 | $30,000 | Refund applies to the full $30,000 trade |
After this trade, your cumulative notional volume becomes 1.02M USDT. From the next trade onward, standard Options trading fees will apply without any refund.
What Fees Apply After the 1M USDT Limit Is Reached?
Once your cumulative Options Notional Volume reaches or exceeds 1M USDT, you will no longer be eligible for the daily trading fee refund benefit.
From the next trade onward, standard Options trading fees will apply without any refund. A maker-taker fee of 1 basis point will apply on subsequent Options trades.
Trading fees will continue to remain capped at 7% of the option premium value. Delivery fees and liquidation fees remain unchanged and are not covered under the refund benefit.
The 1M USDT limit is a lifetime cumulative cap, not a rolling or periodic limit. Once your cumulative Options Notional Volume reaches or exceeds this threshold, the refund benefit will not apply to any subsequent trades.
When Will the Refund Be Credited?
Refunds are calculated for all eligible trades executed between 12:00 AM and 11:59 PM each day.
The total refund amount is based on the cumulative trading fees charged across all eligible trades during this period. The refund will be credited daily to your Options Wallet.
Once credited, the refund will appear in Transaction History as “Transfer In.”
A trade-wise refund breakdown will not be available separately. However, users can manually verify the refund amount by checking their trade history and adding the trading fees charged on eligible trades for that day.
The maximum refund that can be credited in a single day is capped at ₹15,000.
Brokerage vs Delivery Fee vs Liquidation Fee
While trading fees are eligible for refund for users below the 1M USDT cumulative Options Notional Volume threshold, not all fees are refundable.
| Fee Type | When It Applies | Updated Model | Refund Eligibility |
| Trading Fee / Brokerage Fee | When an Options trade is executed | Charged upfront. Refunded daily for users below 1M USDT notional volume. After 1M, 1 bps maker-taker fee applies, capped at 7% of option premium. | Refundable only below 1M USDT |
| Delivery Fee | During settlement at expiry, wherever applicable | No change | Not refundable |
| Liquidation Fee | When a position is liquidated | No change | Not refundable |
Delivery fees and liquidation fees will continue to apply wherever relevant and are not covered under the ₹0 brokerage refund benefit.
How This Helps Options Traders
The updated ₹0 brokerage refund model helps eligible traders reduce the impact of trading fees while trading Crypto Options on CoinDCX.
Since trading fees are refunded daily for users below the 1M USDT cumulative notional volume limit, eligible traders can continue to focus on strategy, timing, and execution without worrying about brokerage costs reducing their returns.
However, users should note that this is not an upfront fee waiver. Fees are charged first and refunded later for eligible users. Once the 1M USDT cumulative notional volume threshold is crossed, standard Options trading fees apply on all future trades.
Final Takeaway
CoinDCX Crypto Options continues to offer a ₹0 brokerage benefit for eligible users through a daily trading fee refund model.
If your cumulative Options Notional Volume is below 1M USDT, standard trading fees will be charged at the time of trade execution and refunded daily to your Options Wallet. Once your cumulative Options Notional Volume crosses 1M USDT, standard Options trading fees will apply on all subsequent trades without any refund.
Delivery fees and liquidation fees are not included in the refund benefit.
Trade Crypto Options on CoinDCX and get eligible trading fees refunded daily until your cumulative Options Notional Volume reaches 1M USDT.
