MStock vs Dhan – Compare Charges, Trading Features, Offers & more
Find a Comparison of MStock vs Dhan here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.
This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of MStock and Dhan.
MStock vs Dhan – Company Overview
| Company Overview |
MStock |
Dhan |
| Company Type |
Private |
Private |
| Headquarters |
Mumbai |
Mumbai |
| Founder |
Park Hyeon-Joo |
Pravin Jadhav |
| Establishment Year |
1997 |
2018 |
Compare the Brokerage of MStock and Dhan
| Brokerage |
MStock |
Dhan |
| Brokerage Plan |
Zero Delivery Plan |
Standard Plan |
| Subscription Charges |
Zero |
Zero |
| Equity Delivery |
Free |
Free |
| Equity Intraday |
Rs.20 per Trade |
Rs.20 per Trade or 0.03% (Whichever is Low) |
| Equity Future |
Rs.20 per Trade |
Rs.20 per Trade or 0.03% (Whichever is Low) |
| Equity Option |
Rs.20 per Trade |
Rs.20 per Trade |
| Commodity Future |
NA |
Rs.20 per Trade or 0.03% (Whichever is Low) |
| Commodity Option |
NA |
Rs.20 per Trade |
| Currency Future |
Rs.20 per Trade |
Rs.20 per Trade or 0.03% (Whichever is Low) |
| Currency Option |
Rs.20 per Trade |
Rs.20 per Trade |
MStock vs Dhan – Trading Platforms
Comparison of MStock and Dhan – Trading Features
| Trading Features |
MStock |
Dhan |
| Wishlist |
Yes |
Yes |
| Real Time Updates |
Yes |
Yes |
| Portfolio Details |
Yes |
Yes |
| Online MF Buy |
Yes |
Yes |
| Research Reports |
No |
No |
| Global indices |
No |
No |
| Customised Recommendations |
No |
No |
| Stock tips |
Yes |
No |
| Interactive charts |
Yes |
Yes |
| Live market |
Yes |
Yes |
| Multi Profile Management |
No |
No |
| Robust & Secure Platform |
Yes |
Yes |
Compare MStock vs Dhan Offers
| Offers |
MStock |
Dhan |
| Free Account Opening |
No |
Yes |
| Free AMC |
No |
Yes |
| Free Brokerage |
Yes, Limited |
Yes, Limited |
| Flat Brokerage |
Yes |
Yes |
| Flexible Brokerage Plans |
Yes |
No |
| Happy Trading Hours |
No |
No |
| Free Delivery Trading |
Yes |
Yes |
| Free Intraday Trading |
Yes, Limited |
No |
| Free F&O Trading |
Yes, Limited |
No |
| Free Research Reports |
Yes |
No |
| Free Trading calls |
Yes |
No |
| Referral Offers |
Upto Rs.500 per Client |
20% of Revenue |
| Margin Funding / Pledging |
Yes |
Yes |
| Brokerage Cashback |
No |
No |
| Zero Brokerage for Loss Making Trades |
No |
No |
MStock vs Dhan – Products Provided
| Products Provided |
MStock |
Dhan |
| Equity Delivery |
Yes |
Yes |
| Equity Intraday |
Yes |
Yes |
| Equity Option |
Yes |
Yes |
| Equity Future |
Yes |
Yes |
| Commodity Option |
No |
Yes |
| Commodity Future |
No |
Yes |
| Currency Option |
Yes |
Yes |
| Currency Future |
Yes |
Yes |
| Foreign Stocks |
No |
No |
| Mutual Funds |
Yes |
Yes |
| Banking |
No |
No |
| Insurance |
No |
No |
| Corporate Bonds |
No |
No |
| Govt. Bonds |
No |
No |
| Digital Gold |
No |
No |
MStock vs Dhan – Services Provided
| Services Provided |
MStock |
Dhan |
| Demat Services |
Yes |
Yes |
| Trading Services |
Yes |
Yes |
| Intraday Services |
Yes |
Yes |
| F&O Services |
Yes |
Yes |
| IPO Services |
Yes |
Yes |
| 3 in 1 Account |
No |
No |
| Stock Research |
Yes |
No |
| Stock Recommendations |
Yes |
No |
| Trading Institution |
No |
No |
| Share Pledging |
Yes |
No |
| PMS or PCG |
No |
No |
| NRI Services |
No |
No |
Compare MStock and Dhan Advisory
| Advisory |
MStock |
Dhan |
| Fundamental Reports |
No |
No |
| Research Reports |
No |
No |
| Company Reports |
No |
No |
| Annual Reports |
No |
No |
| IPO Reports |
No |
No |
| Technical Reports |
No |
No |
| Stock Tips |
Yes |
Yes, chargeable |
| Daily Top Stock Picks |
Yes |
No |
| Daily Market Review |
Yes |
No |
| Monthly Review |
Yes |
No |
| Weekly Review |
Yes |
No |
| Relationship Manager |
No |
Yes, chargeable |
| Robo Advisory |
No |
No |
Comparison of MStock and Dhan Exposure
| Exposure |
MStock |
Dhan |
| Equity Delivery |
1x |
1x |
| Equity Intraday |
Upto 5x (Depends on Stocks) |
Upto 5x (Depends on Stocks) |
| Equity F&O Carry Forward |
1x |
1x |
| Equity F&O Intraday |
1.3x |
1.3x |
| Commodity F&O Carry Forward |
1x |
1x |
| Commodity F&O Intraday |
1.3x |
1.3x |
| Currency F&O |
1x |
1x |
Compare Programs of MStock & Dhan
| Programs |
MStock |
Dhan |
| Sub Broker Program |
Yes, Limited |
Yes, Limited |
| Partner Program |
Yes, Limited |
Yes |
| Referral Program |
Yes |
Yes |
MStock vs Dhan – Ratings by Finec
| Ratings |
MStock |
Dhan |
| Overall Rating |
7.28 / 10 |
7.26 / 10 |
| Customer Support |
7.25 / 10 |
7.23 / 10 |
| Technology |
7.37 / 10 |
7.35 / 10 |
| Charges |
7.31 / 10 |
7.29 / 10 |
| Products & Service |
7.24 / 10 |
7.22 / 10 |
| Experience |
7.22 / 10 |
7.20 / 10 |
Compare Customer Support of MStock and Dhan
Comparison of MStock & Dhan Complaints
| Complaints |
MStock |
Dhan |
| Total Complaints Lodged |
113 |
6 |
| Total Complaints Resolved |
101 |
6 |
| % of Resolved Complaints |
89.38% |
100.00% |
| Non Actionable Complaints |
6 |
0 |
| % of Non Actionable Complaints |
5.31% |
0.00% |
Compare Demat Charges of MStock vs Dhan
| Demat Charges |
MStock |
Dhan |
| Account Opening Charges |
Rs.149 |
Free |
| Annual Maintenance Charges (AMC) |
Rs.999 |
Free |
MStock vs Dhan – Compare STT & CTT
| STT & CTT |
MStock |
Dhan |
| Equity Delivery |
0.1% on buy & sell |
0.1% on buy & sell |
| Equity Intraday |
0.025% on sell |
0.025% on sell |
| Equity Future |
0.0125% on sell |
0.0125% on sell |
| Equity Option |
0.0625% on sell (on premium) |
0.0625% on sell (on premium) |
| Commodity Future |
0.01% on sell (Non-Agri) |
0.01% on sell (Non-Agri) |
| Commodity Option |
0.05% on sell |
0.05% on sell |
| Currency Future |
Nil |
Nil |
| Currency Option |
Nil |
Nil |
Compare Stamp Duty of MStock and Dhan
| Stamp Duty |
MStock |
Dhan |
| Equity Delivery |
0.015% on buy |
0.015% on buy |
| Equity Intraday |
0.003% on buy |
0.003% on buy |
| Equity Future |
0.002% on buy |
0.002% on buy |
| Equity Option |
0.003% on buy |
0.003% on buy |
| Commodity Future |
0.002% on buy |
0.002% on buy |
| Commodity Option |
0.003% on buy |
0.003% on buy |
| Currency Future |
0.0001% on buy |
0.0001% on buy |
| Currency Option |
0.0001% on buy |
0.0001% on buy |
MStock vs Dhan – Transaction Charges
| Transaction Charges |
MStock |
Dhan |
| Equity Delivery |
0.00325% (NSE) & 0.00375% (BSE) |
0.00325% (NSE) & 0.00375% (BSE) |
| Equity Intraday |
0.00325% (NSE) & 0.00375% (BSE) |
0.00325% (NSE) & 0.00375% (BSE) |
| Equity Future |
0.0019% (NSE & BSE) |
0.0019% (NSE & BSE) |
| Equity Option |
0.05% (on premium) |
0.05% (on premium) |
| Commodity Future |
NA |
0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special) |
| Commodity Option |
NA |
0.05% (Non Agri) |
| Currency Future |
0.0009% (NSE) |
0.0009% (NSE) & 0.00022% (BSE) |
| Currency Option |
0.035% (NSE) |
0.035% (NSE) & 0.001% (BSE) |
Compare Pledge Charges of MStock & Dhan
| Pledge Charges |
MStock |
Dhan |
| Pledge Creation Charges |
Rs.32 per Request |
Rs.12.5 per Request |
| Pledge Invocation Charges |
Rs.32 per Request |
Rs.12.5 per Request |
| Interest on Margin Trading |
0.05% per day |
0.045% per day |
Comparison of MStock and Dhan – Hidden Charge
| Hidden Charge |
MStock |
Dhan |
| SEBI Turnover Charges |
Rs.10/ Crore (All Segment) |
Rs.10/ Crore (All Segment) |
| DP Charges |
Rs.12 per Scrip on Sell |
Rs.12.5 per Scrip on Sell |
| GST |
18% on (Brokerage + SEBI + Transaction charges) |
18% on (Brokerage + SEBI + Transaction charges) |
| Account Closure Charges |
Nil |
Nil |
| Reactivation Charges |
Nil |
Nil |
| Dematerialisation Charges |
Rs.150 per Certificate |
Rs.20 per Certificate |
| Call & Trade Charges |
Free |
Rs.20 per Trade |
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