Are you looking to open a new trading account with zero account opening and zero AMC broker? Dhan could be the right choice. You can open a 2-in-1 account (Demat + Trading) with Dhan at zero fees. But is Dhan trading app safe?
Dhan is a SEBI-registered CDSL depository participant that allows users to open a Demat account. In this article, I have discussed my detailed Dhan App Review along with Dhan charges, app features, and unbiased opinion on Dhan.
Let’s explore in detail Is Dhan Trading App Safe to make an informed decision whether you should open an account with Dhan or not.
What is Dhan?
Dhan is one of India’s fastest-growing discount brokers like Zerodha, Groww, and Upstox, which offers technology and product-led stockbroking platforms. The broker has an active client base of approximately 1,59,768 as of June 2023. Dhan has made your trading journey easy with Zero Account Opening Fees, Zero Brokerage on Delivery, and Zero Annual Maintenance Charges.
“Do you know that Dhan is the first trading broker that allows users to trade directly on the TradingView to make trading quick and easy?”
Also, when I compared Dhan brokerage with other brokers, I found that the brokerage charges are competitive as Dhan charges a maximum of Rs 20 per executed order irrespective of the trading volume for equity intraday and all other F & O segments and doesn’t charge for delivery trading. Is Dhan Trading App Safe.
You can also check one more trader who is offering zero brokerage accounts: Shoonya Finvasia.
If you are interested in investing US stock from India, then here is your guide Can I Invest In US Stock Market From India Using Zerodha 2024?
Also Check: Is It Safe to Use INDmoney? INDmoney Review 2024
Is Dhan Trading App Safe?
Yes, the Dhan trading app is safe and reliable. Dhan is a SEBI-registered trading platform and a Depository Participant (DP). The broker ensures that its customers have complete transparency about pricing and other details.
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About Dhan App
Dhan App is a mobile trading app that allows its users to trade stocks, Currencies, Commodities, ETFs, IPOs, Futures, and Options. The App was created by Raise Financial Services, a fintech startup founded by Pravin Jadhav.
You can easily download the Dhan app on the play store as the app is available for both Android and iPhone users.
Dhan App Review
Dhan App is a lightweight, efficient, and easy-to-use mobile application. The app is designed to keep in mind the customer’s convenience. The app is fully equipped with the latest technology and provides accurate information. Is Dhan Trading App Safe.
Dhap App Features
Here are some of the amazing features of Dhan App:
- Free account opening and no AMC on trading and demat account.
- Brokerage charges a maximum of Rs 20/order brokerage and No charges on delivery trades.
- Integration with TradingView platform for direct trading.
- Qualitative & Quantitative insights on listed share market companies
- Best trading platforms: Dhan App and Options Trader app and web.
- You can instantly withdraw funds from App and transfer them to your Bank
- Transaction Estimator that helps to calculate the brokerage before placing the order.
- Margin Trading Facility available
- Basket Orders to create multiple orders and club them together.
Dhan App Pros
- Zero account opening fee and AMC
- No brokerage fees for investing in stocks, IPOs, and ETFs.
- Integration with trading view
- Instant fund withdrawal and transfer to bank account
- 50% brokerage discount to women traders and investors.
- Option to start daily, weekly, and monthly SIP in stocks and ETFs.
Dhan App Cons
- Currently, the Dhan app doesn’t allow investing in mutual funds and sovereign gold bonds.
- You cannot open a 3-in-1 account in Dhan.
- The broker doesn’t offer any stock market trading recommendations, tips, and advice.
- NRIs are not allowed to open Dhan trading and demat accounts.
Dhan Trading App Charges
There are no charges in the Dhann App. If you are a registered user of the Dhan App, then you can access all offers, features, and options available in the app for free.
Options trader app
Dhan Options Traders App is specifically designed for options trading for Future and options traders. If you want to trade in futures and options, then the Dhan options trader app is definitely a good choice. The app contains all the necessary features required for the smooth trading of derivatives such as options.
Additionally, there is no platform fee for trading in F & O and accessing features such as customized Strategies, advanced option chain analytics to option Greeks, Scanners, real-time pay-off graphs, Signals, information, and insights. Is Dhan Trading App Safe.
Dhan Account Opening and Trading Charges
Dhan Account Opening and Demat Charges
| Account Opening Fees | ₹ 0 |
| Annual Maintenance Charges | ₹ 0 |
| DP Transaction Charges | ₹ 12.50 / instruction / ISIN + GST. |
| Pledge Charges (including pledge, unpledge and invocation) | ₹ 12.5 / transaction / ISIN + GST. |
Dhan Brokerage Charges
| Charges | Equity (Delivery) | Equity (Intraday) | Equity (MTF) |
| Brokerage | ₹ 0 | ₹ 20 or 0.03% per executed order (whichever is lower) | ₹ 20 or 0.03% per executed order (whichever is lower) |
| Transaction charges | BSE: 0.00375%NSE: 0.00325% | BSE: 0.00375%NSE: 0.00325% | BSE: 0.00375%NSE: 0.00325% |
| GST | 18% on brokerage + transaction charges + SEBI Turnover fees | 18% on brokerage + transaction charges + SEBI Turnover fees | 18% on brokerage + transaction charges + SEBI Turnover fees |
| Securities Transaction Tax (STT) | 0.1% on buy & sell | 0.025% on sell transactions | 0.1% on buy & sell |
| SEBI Turnover fees | 0.0001% of the turnover | 0.0001% of the turnover | 0.0001% of the turnover |
| Stamp Duty | 0.015% on turnover of buy orders | 0.003% on turnover of buy orders | 0.015% on turnover of buy orders |
| IPFT Charges | 0.0001% of the turnover | 0.0001% of the turnover | 0.0001% of the turnover |
Dhan Other Charges
| Platform Charges | ₹ 0 |
| Auto-Square Off Charges (Applicable for intraday if you miss to square off, then broker automatically square off the trade and charge fee) | ₹ 20 / order + GST. |
| Call & Trade (Applicable if you place order through our trade desk). | ₹ 50 / order + GST. |
| Payment Gateway (on UPI payments & net banking) | ₹ 0 |
| Interest Charges (applicable on outstanding MTF and non MTF debit and non maintenance of 50:50 margin) | 0.0438% per day |
Dhan App Review – Final Thoughts
| Dhan App Charges Review | Dhan is not charging any account opening fees, Annual Maintenance Charges (AMC), and platform fees. The broker charges Rs. 50/ order + GST call & trade charges. |
| Dhan Brokerage Charges | INR 20 or 0.03% of trade value per executed order, whichever is lower, applicable for Equity Intraday and all Segment Futures. |
| Dhan Trading App Review | The App and web platform are easy to use and user-friendly. |
| Account Opening Procedure Review | The account opening process is online, which makes it easy and quick for users to open an account with Dhan. There is no offline account opening option as Dhan doesn’t have any physical branches. |
| Customer Service Review Is Dhan Trading App Safe | Dhan provides customer support through email, call, and chat support. No dedicated Relationship Manager is provided at the time of opening an account. |
Customer review on Is Dhan Trading App Safe
Dhan Customer care contact details
Dhan Customer Care Phone Number: 022-48906273
Dhan Customer Support Email: help@dhan.coDhan Knowledge Center: https://knowledge.dhan.co/support/home
Dhan address: A-302, The Western Edge I, Off Western Express Highway, Borivali East, Mumbai – 400066, Maharashtra, India
Frequently Asked Questions
Is Dhan trading app safe?
Dhan app is absolutely safe for trading as Dhan is a SEBI-regulated trading platform and a Depository Participant (DP) compliant with all rules and regulations.
Who is the owner of Dhan app?
Pravin Jadhav is the owner/founder of Dhan App. Earlier, he was working as managing director of Paytm.
What is the charge of Dhan AMC after 1 year?
Dhan AMC is lifetime free. You don’t need to pay any AMC for Dhan trading and demat account even after 1 year.
What are the brokerage charges on Dhan?
Rs. 0 for Equity Delivery, ETFs, & IPOs
Rs. 20 for Equity Intraday & Futures in all Segments
Rs. 20 for Options in all Segments
Is Dhan an Indian company?
Yes, Dhan is an Indian company, located in Mumbai, Maharashtra, India.
Is the Dhan app real or fake?
Dhan app is real and safe to trade as it is SEBI registered.
Is Dhan App Free?
The account opening fee and AMC at Dhan App is Zero.
What are the account opening charges in Dhan App?
Dhan does not charge any fee for opening trading and demat accounts.
Is Dhan app SEBI registered?
Yes, Dhan is a SEBI-registered (Stock Broker Registration No. INZ000006031) app to offer its services as a stockbroker and financial service in India.
