Dhan Review – Charges, Trading Platforms, Demat Account, Offers & more

Check out Dhan Review here. Founded in 2018, Dhan is listed among the fastest-growing discount brokerage houses within 7 years of establishment.

Pravin Jadhav is the leading figure behind this technology-driven and product-led Mumbai-based financial services company.

The organization is registered as Moneylicious Securities Private Limited with SEBI, BSE, MCX, CDSL, and NSE.

At economical Dhan Charges, it offers a diverse investment product line, from equities to SIPs and IPOs.

Let’s read further to uncover the unbiased Dhan Review, including brokerage charges, perks, SWOT analysis, Demat account opening process, trading platforms, customer care, and more.

Why Trade or Invest with Dhan?

Below explained are the unique features that you can leverage by opening the Dhan Account:

• Cost-free account opening process with no account maintenance charges (AMC).
• Traders and investors can log in super fast and lightning trading platforms, including Dhan App, desktop-based, and web-based platforms.
• Dhan is a one-stop destination for all popular investment products, including equities, commodities, futures & options, currency, SIPs, ETFs, and IPOs.
• You can make profitable investments at the lowest possible brokerage charges.
• The firm has recently collaborated with Smallcase to provide innovative alternatives to traders and investors.
• You can retain at most 4x margin or exposure to invest and trade with Dhan.

By subscribing to Dhan’s Standard plan, you can reap the benefit of zero subscription charges.

Regarding Dhan Brokerage charges, they are budget-friendly. The firm facilitates Equity Delivery without charging a penny.

Moreover, brokerage charges for Equity Intraday, Equity Future, Currency Future, and Commodity Future are Rs.20/trade or 0.03%.

You have to pay the lower amount. And brokerage charges for Equity, Commodity, and Currency Options are fixed, i.e., Rs.20/trade.

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Calculate Brokerage Charges of Dhan.

How to Open Dhan Demat Account?

You can begin trading with Dhan with a Dhan Demat Account. Follow this step-wise procedure:

1. Fill out the below-displayed form with the correct details to open your demat account.
2. You will receive a call from an executive & they will share an account opening link & will guide you.
3. Provide your available mobile number and request an OTP for verification.
4. Upload required documents, including Driving License, PAN card, Aadhaar card, etc., for the KYC process.
5. Upload your picture and sign with transparent background.
6. Add accurate profession, annual income, and trading experience for account declaration.
7. Add and link your active bank account by entering details like account number and IFSC code.
8. On verification of the bank account, upload an electronic signature and request OTP on your Aadhaar-linked phone number.
9. Your Dhan account will be activated after one day or two after verification.

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The company’s active Android and iOS clients can access the superfast and lightning Dhan App.

Now that this mobile-friendly application has multiple attractive features, it can make the trading experience seamless for all investors.

In addition to mobile applications, you can trade online via Dhan’s web trading platform, basket trading platform, and mutual fund investment platform.

The features of the app and trading platforms comprise wishlists, real-time updates, portfolio details, live market, and interactive charts.

Since Dhan is a technology-driven discount broker, it has launched several tools to let clients place and execute their trading orders. Here is the Dhan Review of available trading platforms:

Dhan App

Downloadable from App and Google Play Store, Dhan App can be used by Android and iOS users.

All investors, including super traders and long-term investors, can trade in stocks, futures, currencies, options, commodities, and IPOs.

Some unique features that the Dhan mobile application offers are as follows:

• It allows for placing and executing orders at a lightning-fast speed.
• Smart SIPs in stocks and ETFs
• Margin trading facility provides 4x leverage on over 950 stocks.
• With the Basket Orders for Strategy feature, you can create and implement various strategies in a single click.
• Trader’s Controls allow you to invite trading buddies, set alerts for loss, etc.
• TradingView Charts help you trade and execute orders in real-time.
• Trade calls and puts directly from Advanced Option Chain with Greeks.
• 1-Tap Reverse & Exit feature enables traders to reverse or exist their current position in a single tap.

Dhan Options Trader App

The Dhan Options Trader app is mainly designed for traders desiring to trade in Futures and Options. The application offers a powerful and efficient F&O trading experience with the following listed features:

• With the ‘ Market Outlook ‘ feature, you can explore trading ideas for the bearish, bullish, and neutral markets.
• Availability of all popular pre-built strategies in real-time.
• Live Market Scan updates traders with price trends and breakouts in the F&O market.
• Screener covers option volume, ATM, OI, and PCR.
• ‘Option Greeks’ feature aids in measuring option prices’ sensitivity and analyzing options strategy.

Dhan Web

Dhan Web or web.dhan.co is a lightning-fast and efficient trading platform aiming to improve its client’s trading experience. Below are some extraordinary features of Dhan Web:

• Easy QR Login offers a more secure and seamless way to log in to the firm’s trading platform.
• Instant Margin & Pledge provides pledge margin benefit on over 1450 stocks.
• You can trade from charts, place basket orders, access option chains, and more via TradingView Charts.
• Traders are facilitated with Advanced Option Chain, enabling them to buy and sell calls and puts.
• Quick Fund Withdrawals to your bank account within a few minutes.

Dhan TradingView

An easy-to-access and used trading platform, traders can trade directly via TradingView.com. You can experience the true potential of Dhan TradingView with all these features:

• Pine Editor enables traders to create their custom indicators.
• Community Scripts can offer indicators, libraries, and strategies from the trading community.
• You can visualize and analyze trades more accurately with a 1 Second Chart Timeframe.
• Have access to enormous data and test your strategy with Bar Replay.
• Price Alerts allow you to set custom alerts and receive real-time notifications.
• Stock Screener for scanning and filtering profitable stocks based on many key metrics.

Dhan Options Trader Web

The web-based platform is accessible via desktops. Featuring multiple resourceful options and offering several securities, the Options Trader Web platform provides these exclusive features:

• You can trade with Strangle, Iron Condor, Straddle, and many other popular Pre-Built Strategies.
• Traders can explore options trading ideas for the bearish, bullish, and neutral markets with the ‘Ideas’ feature.
• Screener allows you to monitor over 198 scrips based on OI Gainers & Losers, Price Gainers & Losers, etc.
• Custom Strategy Builder is there to help traders build, analyze, and execute their customized strategies.
• Pay-Off Graphs enable investors to view potential risks and rewards before actual trading.

Read on to learn the Dhan offers:

• One of the most lucrative offers of Dhan is a free account opening facility with no AMC.
• You can also reap the benefit of free brokerage but for a limited time.
• Even the company doesn’t charge a penny for Delivery Trading.
• You can generate extra income by participating in Dhan’s referral program. The firm offers 20% of revenue to its referral agents.
• Traders can leverage Margin Funding or Pledging and not let go of trading opportunities.

Dhan SWOT Analysis

Here is the detailed SWOT Analysis on Dhan.

Strength

• Dhan provides small cases as an innovative investment alternative for traders and investors.
• It charges 50% less brokerage from female traders and investors.
• A new-age online discount broker offers lightning-speed, multiple trading platforms.
• Dhan facilitates the smooth execution of large orders, with quantities surpassing the freeze limit.
• The organization offers special order types, including SIP, Flash Trade, Basket, Iceberg, Forever, Draft, and Trailing Stop Loss orders.

Weakness

• Dhan lacks research and advisory support by not offering clients research reports, stock tips, and market reviews.
• Traders and investors can have a 3-in-1 account.
• The firm doesn’t provide monthly unlimited trading plans.

Opportunities

• Dhan can tap the customer segment wanting to invest in foreign stocks, bonds, banking, and insurance products.
• By offering NRI Services, Dhan can acquire Non-Indian Residents and expand globally.
• The organization can establish a Trading Institution to train newbie traders.

Threat

• Giant brokerage houses, including Zerodha, Sharekhan, Angel One, and ICICIdirect, are direct competitors of Dhan.
• SEBI’s strict regulations and rules are posing a threat to Dhan.

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The brokerage house needs to catch up in research and advisory support as it doesn’t offer research reports, stock tips, and market reviews to clients with Dhan Trading Account.

• You can’t access fundamental, company, annual, IPO, and technical reports.
• Professional stock tips are available, but you are asked to pay for them.
• Traders can ask for relationship manager support after depositing a specific amount.

Following explained is the Dhan Margin:

• The exposure for Equity Delivery is 1x.
• The margin or leverage for F&O Carry Forward across Equity and Commodity is 1x.
• If you want to transact in Equity Intraday, you can secure up to 5x, based on the stock.
• Dhan’s margin or leverage for F&O Intraday across Equity and Commodity is 1.3x.
• Traders can retain a margin of 1x for Currency F&O.

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Dhan is recognized for offering user-friendly customer support with a rating of 7.23. You can contact Dhan via multiple platforms to resolve your complaints or grievance.

You can access chargeable trading and dedicated dealer support. To access call support, you can dial 022-48906273 from 9:00 am to 6:00 pm. In addition, the firm provides email support at [email protected].

Alternatively, online Dhan Customer Care support is available via the website, Facebook, Telegram, and Twitter. But you can’t opt for offline support no branches or offices exist.

The most helpful way to determine customer service quality and reliability is by analyzing the Dhan Complaints report.

The discount broker is popular for receiving the lowest possible number of complaints. Currently, 6 complaints have been lodged at Dhan, and it resolved all of them.

Therefore, the organization’s resolved complaints percentage is 100.00%. Moreover, since there was no actional complaint, the percentage for it is 0.00%.

Dhan Charges

Here is the list of various fees levied by Dhan.

Dhan Account Opening Charges

• Traders and investors can open and maintain their Dhan accounts without incurring expenses.

STT & CTT Charges

• To buy or sell Equity Delivery, you must pay 0.1% charges.
• 0.025% are the charges for selling Equity Intraday.
• Equity Future selling charges are 0.0125%
• The firm asks to pay 0.01% for selling non-agricultural Commodity Future.

Stamp Duty Charges

• 0.015% are the charges for Equity Delivery on the buy side.
• The stamp duty charges for Futures across Equity and Commodity are 0.002%.
• You can buy currency in the F&O market by paying 0.0001% stamp duty charges.

Transaction Charges

BSE and NSE have fixed the following transaction charges for Dhan:

• You can transact in Equity Delivery after paying 0.00325% in NSE and 0.00375% in BSE.
• 0.05% are the charges for transacting in the Options market across Equity and Commodity.
• NSE asks for 0.0009% charges to transact in Currency Future and BSE for 0.00022%.

Pledge Charges

• Dhan levies Rs. 12.5/request charges on clients requesting Pledge Creation and Invocation.

Dhan Hidden Charges

• When asking for dematerialization, you must pay Rs. 20 for each certificate.
• You can call and trade after transferring Rs.20 for each trade.

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Dhan Review – Conclusion

Even though Dhan has recently entered the brokerage space, it has gained a competitive edge in India.

The firm is a one-stop destination for traders looking for low brokerage, innovative trading platforms, and attractive margin facilities.

You can open a Demat account with the discount broker without incurring expenses. Concluding Dhan Review, it’s an excellent platform to kickstart your trading journey.

FAQs on Dhan 

Here are various FAQs on Dhan Review.

Is Dhan a Safe Broker?

Dhan is a reliable and trustworthy SEBI-registered discount broker. Moreover, it is a depository participant with NSE, CSDL, BSE, and MCX.

The company mainly focuses on the security of its active customer accounts.

Is Dhan Good for Beginners?

Yes, no doubt! Dhan provides a hassle-free trading experience with pocket-friendly brokerage charges. Moreover, it offers a free account opening and maintenance facility.

How many active clients does Dhan have?

Although Dhan is a new entrant in the Indian brokerage space, it has acquired 80,000+ active clients.

Who is the Founder of Dhan?

Known for incorporating a fintech startup, Raise Financial Services, Pravin Jadhav founded Dhan.

Does Dhan provide Free Delivery Trading?

Yes! You can opt for Equity Delivery Trading without paying any fees.

What are Intraday Trading Charges in Dhan?

The charges for Equity Intraday Trading in Dhan are Rs. 20 per trade or 0.03%. You can pay the lower amount.

What are Dhan F&O Charges?

The charges for trading in Equity Future are Rs. 20 per trade or 0.03%, whichever is the lower amount. Furthermore, Dhan asks for Rs. 20 for each Equity Option trade.

Does Dhan charge for Commodity Trading?

The charges for trading in Commodity Future are Rs. 20 per trade or 0.03%, whichever is the lower amount. Furthermore, Dhan asks for Rs. 20 for each Commodity Option trade.

Does Dhan charge for Currency Trading?

The charges for trading in Currency Future are Rs. 20 per trade or 0.03%, whichever is the lower amount. Furthermore, Dhan asks for Rs. 20 for each Currency Option trade.

Does Dhan provide Research?

Dhan does not extend research and advisory support. You can’t access research reports, stock tips, and market reviews, but stock tips.

How to contact Dhan Customer Care?

You can dial 022-48906273 and email [email protected] for complaints, queries, or grievances. Alternatively, online support is available via the website, Facebook, Telegram, and Twitter.

How much is AMC in Dhan?

Dhan does not ask his clients for account maintenance charges (AMC).

What are Account Opening Fees in Dhan?

You can have a Dhan account without depositing fees.

What are Pledge Creation Charges in Dhan?

Dhan levies Rs. 12.5/request charges on clients requesting Pledge Creation.

How much are Pledge Invocation Fees in Dhan?

Dhan levies Rs. 12.5/request charges on clients requesting Pledge Invocation.

Does Dhan levy any Interest on Margin Trade Funding?

0.45% is the Interest on Margin Trade that clients must pay daily.

What are DP Charges in Dhan?

Dhan has fixed Rs. 12.5 DP charges for each scrip on sale.

Does Dhan levy any Account Closure Fees?

Dhan’s clients can terminate their accounts without transferring any fees.

What are Account Reactivation fees in Dhan?

Dhan allows its clients to reactivate their accounts free of cost.

What are Call & Trade Charges in Dhan?

Traders can call and trade after transferring Rs. 20 for each trade.