Dhan Review

(3.7)
Discount Broker Depository: CDSL
105

Dhan is one of India's fastest-growing technology and product-led stock broking platforms offering lightning-fast investing and trading experience to its users. Dhan has an active client base of 8,92,267 as of November 2024.

Product Basket

The segments in which you can invest (includes Equity, Commodity, Currency, Futures and Options) through this broker

Equity
Commodity
Currency
Futures
Options
Brokerage Plans (Single Plan)

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.

Charges

Account Opening Charges

Free

Account Maintenance Charges

Free

Call & Trade Charges

₹ 50
Brokerage

Equity Delivery Brokerage

Zero

Equity Intraday Brokerage

0.03%

Equity Futures Brokerage

0.03%

Equity Options Brokerage

₹ 20

Currency Futures Brokerage

-

Currency Options Brokerage

-

Commodity Futures Brokerage

0.03%

Commodity Options Brokerage

₹ 20
Margins

Equity Delivery Margin

1x

Equity Intraday Margin

5x

Equity Futures Margin

1x

Equity Options Margin

1x

Currency Futures Margin

-

Currency Options Margin

-

Commodity Futures Margin

1x

Commodity Options Margin

1x
Trading Platforms Learn More

Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.

Dhan Mobile Application Dhan Web Trading Platform Options Trader
Pros

Advantages and Strengths of this broker.

  1. Supported by multiple platforms like Mobile App, Web and Trading View charting platform.
  2. No hassle of SPAM calls, messages and emails.
  3. 24/7 customer care prioritising all customer grievances.
  4. 50% discount on brokerage for women's participation.
Cons

Disadvantages of this broker that it needs to improve upon.

  1. Comparatively high charge of ₹50 on every call and trade placed.
  2. Not adept for new or beginner traders and investors.
  3. No relationship managers for portfolio management services.
  4. No free research reports, stock tips and weekly recommendations.
  5. No option to invest in mutual funds, insurance and bond and debt.
Additional Features

Extra features provided by the broker at little or no extra cost. Like research reports, SMS alerts etc.

3 in 1 Account
Free Trading Calls
Free Research Reports
SMS Alerts
Margin Funding
Margin Against Share
Other Investment Options

Services provided by the broker for investing in other financial assets such as Mutual funds, Insurance, Bonds etc.

Mutual Funds
IPO Platform
Bonds & Debt
Exchange Traded Funds
Insurance

Finology Ratings & Reviews for Dhan

Ratings are provided based on customer service, usability, charges and overall average. Reviews are based on positive and negative aspects of the broker that help you understand this broker better.

Charges

(3.5)

Usability

(3.5)

Customer Service

(4.2)

Charges Review

  • Currently, Dhan is not charging any account opening fees or Annual Maintenance Charges.
  • Their call & trade charges are higher than most discount brokers.

Customer Service Review

  • Email, call and chat support is available and based on past customer reviews, the response is satisfactory.
  • No Relationship Manager is provided upon opening of the account.

Ease of Use Review

  • The platform is user friendly and the user interface is very clean.
  • The app places the user’s portfolio before the market news and gainers/losers section, in contrast to most users’ preferences.

Account Opening Procedure Review

  • The entire account opening process is online which makes the process quite streamlined and quick.
  • Dhan, however, has no physical branches. Therefore, accounts cannot be opened using any offline mode. This might inconvenience the not-so-tech-savvy public.

Why Choose Dhan? Know Everything about Dhan here.

Verdict

Establishing itself as an investing and trading platform for long-term investors and super traders, Dhan offers a wide array of tools and services in this domain. The platform boasts a robust interface that makes every transaction convenient at industry-standard prices. Its tech-driven system makes it easy to reduce the risk related to market highs and lows and to invest in all major segments, such as stocks and commodities, and currencies.

If you are an investor, the broker provides you with

  • Qualitative & Quantitative insights on listed share market companies.

  • Performance and returns tracking of investments using XIRR & CAGR.

  • Invest systematically and regularly via SIP in stocks.

  • Benchmark and track their returns with 12 Indian stock market indices.

  • After Market Orders allow investors to place buy/sell orders for the next trading day.

  • Basket Orders to create multiple orders and club them together.

If you are a trader, the broker provides you with

  • TradingView charts for direct trading.

  • The ability to pledge shares.

  • Daily & weekly CPR indicators to set up support and resistance.

  • One-tap reverse position that allows users to change their market position in a single order.

  • Transaction Estimator to help calculate the brokerage before placing the order.

Trading Tools

Dhan’s wide array of tools and services aim at making pro trading and investing all the more convenient. 

Dhan App

Adept for long term investors and traders, the Dhan App makes active trading easier with multiple features such as:

  • Secured private data with high-end encryption,
  • Convenience of placing and executing orders in a flash,
  • Ease of placing multiple orders directly from charts,
  • Ordering based on 5 watchlists and tracking multiple segments,
  • Price alert features for updates on market movements,
  • Brokerage calculator to analyse Dhan brokerage charges for every trade.

Dhan Web 

Stocked up to quicken the active-trading process, Dhan Web also gives users access to TradingView to ease the analysis of charts. Its features are as follows: 

  • Direct buy, and sell calls with Advanced Option Chain,
  • Ease of placing basket orders and accessing option chains,
  • Pledge margin for over 1450 stocks,
  • Convenience of instant fund withdrawals.

Options Trader

Created to suit the experience of F&O traders, Dhan’s Options Trader is well equipped with an array of under one platform. Its key features include:

  • Hassle-free syncing of all positions, orders, trade book, watchlist, etc, at once, 
  • Readymade futures and options trading strategies available in real-time,
  • Real-time information on bullish, bearish and neutral trades, 
  • Live market scan features for rising trends breakouts,
  • Pay graph and risk/reward profile to review option strategies.

Charges Details

For Equity

CHARGES

DELIVERY

INTRADAY

FUTURES

OPTIONS

Transaction Charges

0.00345% - NSE

0.00345% - BSE

0.00345% - NSE

0.00345% - BSE

0.002% - NSE

0.053% - NSE

Demat Transaction Charges 

Free 

-

-

-

GST

18% on Brokerage + Exchange Turn over Charges

18% on Brokerage + Exchange Turn over Charges

18% on Brokerage + Exchange Turn over Charges

18% on Brokerage + Exchange Turn over Charges

STT

0.1% on buy & sell

0.025% Sell-side

0.02% Sell-side

0.1% Sell-side

SEBI Charges

0.0001% of turnover

0.0001% of turnover

0.0001% of turnover

0.0001% of turnover

 

For Commodity

CHARGES

FUTURES

OPTIONS

Transaction Charges

Group A, B- 0.0026%

-

GST

8% on Brokerage + Transaction Charges

8% on Brokerage + Transaction Charges

STT

Sell-side, 0.01% 

Sell-side, 0.05%

SEBI Charges

0.0001% of turnover

0.0001% of turnover

For Currency

CHARGES

FUTURES

OPTIONS

Transaction Charges

0.0009% - NSE

0.00022% - BSE

0.035% - NSE

0.001% - BSE

GST

18% on Brokerage + Transaction Charges

18% on Brokerage + Transaction Charges

STT

-

-

SEBI Charges

0.0001% of turnover

0.0001% of turnover

Dhan Complaints & Stats

Company name:

Moneylicious Securities Private Limited

Contact:

022-48906273

Email:

help@dhan.co

Active Users:

8,92,267
Dhan Customer Reviews

Overall Rating

5

Based on 2 reviews

Rating Summary

5
100%
4
0%
3
0%
2
0%
1
0%

Review Analytics

Platform 0 votes

Charges 0 votes

Transparency 0 votes

Features 0 votes

Customer Support 0 votes

user-photo

kavi jaiswal

(5)

Posted on 22 Jul 2022

Very smooth experience with all the things on dhan web and app

user-photo

pravin bajaj

(5)

Posted on 14 Jun 2022

Nice broker, Better than any Broker and best for Intraday Trading

Frequently Asked Questions

Dhan App is an online investing and trading platform created by Raise Financial Services, a fintech startup founded by Pravin Jadhav.

Pravin Jadhav, founder of Raise Financial Services is the owner of Dhan App.

Account opening on Dhan App is free. The platform does not charge an AMC either.

Yes, Dhan app is safe as it is a regulated stock broking platform, operating under the regulations & guidelines of SEBI & Stock Exchanges.

Users can open an account by downloading the Dhan App on their iOS or Android device and registering on said app. The account creation process can be then completed on the app or the Dhan website.

To close Dhan demat account, customers can download the account closure form from Dhan’s website. The said closure form needs to be filled physically and sent to Dhan’s head office. Online account closure is not available on Dhan App yet.

The documents required to open a Demat account with Dhan include a Proof of Identity (like Permanent Account Number) and Proof of Address (like Aadhar Card, electricity bill, etc).

Dhan does not charge account opening charges.

Dhan charges zero brokerage on equity delivery, ETFs and IPOs. For equity intraday, F&O, commodities and currency; Dhan charges ?20 per executed order or 0.03% of the order value, whichever is lower.

Dhan App charges ?20 per executed order for intraday trades.

No, customers need to open a Demat account and a trading/investment account. A Demat account is compulsory to be able to buy or sell securities.

Yes, Dhan is a SEBI registered Stock Broker and Depository Participant (DP).

Yes, Dhan is a SEBI-registered stock broker operating under the guidelines of the Securities and Exchange Board of India (SEBI). This means that Dhan is subject to regular audits and compliance checks to ensure that it is meeting all regulatory requirements.

The process of opening a Dhan account is typically very quick and can be completed online in a matter of minutes. You will need to provide some basic personal information and documents, such as a copy of your PAN card and address proof. Once you have submitted your application, it will be reviewed by Dhan's team, and your account will be activated shortly thereafter.

You can fund your Dhan account using a variety of methods, including NEFT, RTGS, IMPS, and credit card. Once your account is funded, you can start trading immediately.