Dhan - Safe, Reliable & Trustworthy Broker

Dhan is a new-age online stock broker primarily operating mainly in the Indian financial market.

The stock broker has designed multiple trading and investment platforms aimed at supporting super traders and long-term investors.

Dhan offers to trade and invest in a variety of financial assets including stock, commodities, currencies, futures & options and others. Dhan is a SEBI registered broker, registered with CDSL as a depository participant. The stockbroker also holds exchange membership with BSE, NSE and MCX stock exchanges.

Dhan meets most of the criteria of a safe and reliable stockbroker. Low brokerage charges, efficient trading software, broad security opportunities, and many other features. Dhan is backed by some of the leading investors, such as Mirae Asset Global Investments, 3One4 Capital and Beenext.

• No fees for opening a Demat account.
• Zero Account Maintenance Charges.
• No platform fees.
• Offers brokerage-free stock delivery.
• Rs 20 per order for Options and Rs 20 or 0.03% of trade value per executed order for Equity Intraday & Futures.
• 50% discounted brokerage for female customers.
• Dhan App, Dhan Web, TradingView on Dhan & Options Trader App platforms for the users.
• 2 Lakhs + Active Users.

Why is Dhan safer than other brokers?

Dhan is registered with SEBI. Dhan's customers can invest in equities, ETFs, IPOs, futures and options, commodities and currencies.

1. Technology-driven company:

Dhan has developed technologically efficient platforms catering to long-term investors and super traders harnessing and developing their trading experience according to today's developments.

These trading and investment platforms were created to offer convenience, efficiency and comprehensive trading capabilities for multiple securities.

The stock broker's top priority is the safety and security of client accounts while leveling up their trading adventure.

2. Simple Pricing Model

Dhan has a very simple pricing model. Dhan brokerage fees for delivery transactions are Rs 0 for equity and ETF segments. Dhan's charges for intraday transactions are 0.03% or Rs 20 per trade for equity, IPO, ETF, F&O and commodity.

The special feature of Dhan's pricing plan is that they offer a 50% discount to female clients. Dhan brokerage charges for female clients are Rs 10 per trade across all segments for intraday transactions.

3. Registered with Regulatory

Dhan is a SEBI-registered company and a member of BSE, NSE, MCX, and CDSL. Dhan offers to trade in stocks, equity derivatives, currencies, and commodities.

4. No Advisory Services

Dhan does not offer stock recommendations or financial advisory services. The company only offers online trading services. Consequently, the company's goal is not to recommend any particular product to customers.

5. Dhan Memberships

In order to offer trading services, all stock brokers in India must register with SEBI and comply with a set of rules. Similarly, stock brokers have to register with the stock exchanges to enable their clients to access the stock exchange platforms.

Dhan is also a Depository Participant (DP) with CDSL, one of India's two Central Securities Depositories for demat accounts. Please note that Dhan does not open or maintain demat accounts, but acts as an intermediary. CDSL holds and manages the securities.

• Member: BSE / NSE (Cash, F&O, CD) / MCX (Commodity)
• DP: CDSL
• CDSL DP ID: IN-DP-289-2016
• NSE Member ID: 90133
• BSE Member ID: 6593
• MCX Member ID: 56320

Conclusion :

Dhan is a safe, reliable and trustworthy online broker, just like other brokers. The company is a legitimate stockbroker with all the required certifications and memberships.

Dhan has excellent management, state-of-the-art technology, specialized brokerage programs and advanced online platforms.

Must Read:

• 10 Steps to safeguard trading and Demat account

Frequently Asked Questions

Dhan Competitors Review

Information on this page was last updated on Saturday, June 3, 2023