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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