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.

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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

Trading Platforms MStock Dhan
Android App MStock Android App Link Dhan Android App Link
iOS App MStock iOS App Link Dhan iOS App Link
Web Trading Platform MStock Web Trading Link Dhan Web Trading Link
Trading Terminal NA NA
Algo Trading Platform NA NA
Foreign Stocks Trading Platform NA NA
Basket Trading Platform NA Available
Mutual Fund Investment Platform Available Available
Digital Gold Investment Platform NA NA
Bonds Investment Platform NA NA

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

Customer Support MStock Dhan
Trading Support Available, Chargeable Available, Chargeable
Dedicated Dealer Available, Chargeable Available, Chargeable
Call Support 1800-2100-818 022-48906273
Email Support help@mstock.com help@dhan.co
Whatsapp Support NA NA
Website Support Website Link Website Link
Facebook Support Facebook Support Link Facebook Support Link
Twitter Support Twitter Support Link Twitter Support Link
Telegram Support NA Telegram Support Link
Branches / Offices NA NA

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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