Dhan
Pros and Cons
Pros
- Regulated by Securities and Exchange Board of India (SEBI)
- Diverse range of trading instruments including equities, futures, options, and commodities
- User-friendly mobile app and web platform for seamless trading
- Advanced trading features such as real-time charting and market alerts
- Accessible customer support during trading hours
Cons
- Limited trading platform features compared to established competitors
- Technical issues and glitches affecting trading performance
- Lack of transparency in brokerage charges
- No educational resources or market analysis provided
- Inability to provide stock tips or research reports
Basic Information
User Reviews
Dhan Overview
Dhan is a dynamic online trading platform founded by Pravin Jadhav, based in India, and operates under the regulations of the Securities and Exchange Board of India (SEBI). Established within the last 2-5 years, Dhan is a brand owned by Moneylicious Securities Private Limited, with a focus on providing innovative trading solutions to Indian investors. As a fully registered broker, Dhan ensures compliance with the highest financial standards to foster a safe trading environment for its users. Its commitment to transparency and security is reflected in its operational practices, which include a user-friendly app and web platform designed to cater to both novice and experienced traders alike.
Dhan offers a broad range of trading instruments, including equities, futures, options, commodities, and more, making it a versatile choice for investors. The platform integrates advanced features such as real-time charting, instant transactions, and seamless connectivity with TradingView for enhanced trading experiences. Customer support is available to assist users during trading hours, ensuring that they have the necessary help when needed. Dhan stands out in the competitive brokerage landscape by prioritizing a user-first approach, aiming to provide an exceptional trading experience that empowers users to navigate the stock market confidently and efficiently.
Is Dhan Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Securities and Exchange Board of India (SEBI) | India | Client funds are registered under Raise Securities Private Limited, which is regulated by SEBI. |
Is Dhan Regulated and How Are Client Funds Protected?
Dhan operates under the regulatory framework of the Securities and Exchange Board of India (SEBI), which ensures that it complies with the financial standards required for brokers in India. Client funds are technically registered with Raise Securities Private Limited, the parent company of Dhan, which holds a valid SEBI registration. This means that while Dhan presents itself as a trading platform, the regulatory oversight and protections are tied to the parent entity. It is essential for clients to understand that their agreements and protections are based on the legal standing of Raise Securities, not Dhan as a brand. This distinction affects how investor protection measures are applied, emphasizing the need for traders to be aware of the regulatory structure and ensure clarity in their contracts to safeguard their investments effectively.
Trading Products and Services
What trading instruments does Dhan offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs | Varies |
| Commodities | Gold, Oil, Silver | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
Dhan offers a diverse array of trading instruments, catering to various types of investors. From Forex pairs, such as major currencies, to commodities like gold and oil, Dhan enables users to trade across multiple asset categories. With offerings in indices, stocks, and cryptocurrencies, the platform effectively meets the needs of both novice and experienced traders. This diversity allows traders to implement flexible strategies, facilitating portfolio diversification and the ability to adapt to changing market conditions. Overall, Dhan’s comprehensive range of products empowers users to make informed trading decisions and explore various opportunities in the financial markets.
Account Types and Trading Conditions
What Account Types and Fees Does Dhan Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Individual Account | Resident Indian investors | Access to all trading segments including stocks, futures, options, commodities | No minimum deposit; suitable for all types of retail investors |
| HUF Account | Hindu Undivided Families | Similar access and services as individual accounts | No minimum deposit; requires HUF PAN and additional documentation |
| Corporate Account | Companies and partnerships | Full market access, including stocks and derivatives | Requires incorporation documents; corporate clients must meet specific eligibility criteria |
| Partnership Account | Legally structured partnerships | Full market access similar to corporate accounts | Requires partnership deed and compliance documentation |
Account Opening Process
To open an account with Dhan, follow these steps: First, submit your personal information, including identity proof, address proof, and financial details. You will also need to verify your identity by providing a government-issued ID and proof of address. After this, you can link your bank account for trading purposes. The process is streamlined for flexibility, allowing users to upgrade to a professional account later if required.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | Varies | $0 | No commission on delivery trades |
| CFDs (Stocks, Indices, Commodities) | Varies | Flat ₹20 or 0.03% | Applicable for intraday trading |
| Cryptocurrencies | Varies | 0.1% | Variable fees depending on market conditions |
Other Fees
Other fees may include deposit and withdrawal fees, inactivity fees, overnight interest (swap rates), and currency conversion fees. It is important to review these potential costs to understand the overall expenses associated with trading on the platform.
Trading Platforms and Apps
What Trading Platforms and Apps Does Dhan Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| Dhan Web | Windows, macOS | Secure login, market search, multiple order types, real-time alerts, technical indicators | Demo accounts, API access |
| Dhan Mobile App | iOS, Android | Biometric login, push notifications, one-click trading, customizable alerts | VPS services |
| Options Trader App | iOS, Android | Advanced option chain, price alerts, strategy builder | API integration |
Dhan provides a robust suite of trading platforms catering to different user preferences. The Dhan Web platform is optimized for desktop use, offering comprehensive features for advanced trading. The Dhan Mobile App is designed for on-the-go trading, ensuring users have access to essential tools anytime, while the Options Trader App focuses on the needs of options traders with specialized features. Dhan emphasizes secure logins, rapid order execution, and real-time market alerts across all platforms, creating a cohesive trading experience. The integration of APIs further supports algorithmic trading and custom solutions.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Net Banking | Instant | No platform fee | Min ₹100, Max ₹1,00,000/day | INR |
| UPI | Instant | No platform fee | Min ₹100, Max ₹1,00,000/day | INR |
| Debit/Credit Card | 1-3 days | 2% processing fee | Min ₹500, Max ₹50,000/day | INR |
| Wire Transfer | 3-5 days | ₹50 per transaction | Min ₹1,000, Max ₹5,00,000/day | INR |
Minimum Deposit
Dhan does not impose a minimum deposit requirement for individual accounts, making it accessible for all types of retail investors. However, specific payment methods may have their own minimum transaction limits.
How to Withdraw
To withdraw funds from your Dhan account, follow these steps:
- Log in to your Dhan account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred payment method for the withdrawal.
- Enter the amount you wish to withdraw, ensuring it adheres to the limits set by Dhan.
- Confirm your withdrawal request.
- Check your email for confirmation of the withdrawal process.
- Funds will be processed according to the selected payment method’s processing time.
Customer Support
Dhan Customer Support Overview
Support Channels
Dhan offers multiple ways for customers to reach out for support. Users can contact the customer service team via:
- Email: Reach out at help@dhan.co for inquiries and support.
- Live Chat: Available through the Dhan mobile app and website for immediate assistance.
- Telephone: Call the support team at (+91) 9987761000 or (+91) 9930861000 during market trading hours.
- Social Media: Connect with the team on Twitter via @dhan_cares for quick responses.
Service Availability
Dhan’s customer support is available from 9:00 AM to 6:00 PM, Monday to Saturday, ensuring that help is always within reach during trading hours. The team is dedicated to providing a responsive service to assist users effectively. Additionally, support is provided in English, ensuring clarity for a wide user base.
Frequently Asked Questions
Yes, Dhan operates under the regulatory framework of the Securities and Exchange Board of India (SEBI). Client funds are registered with Raise Securities Private Limited, the parent company of Dhan, which holds a valid SEBI registration. This ensures compliance with financial standards and provides a layer of protection for investor funds.
Dhan offers a diverse array of trading instruments, including equities, futures, options, commodities, and cryptocurrencies. This variety allows traders to implement flexible strategies and caters to both novice and experienced investors.
Dhan provides multiple support channels. You can reach customer service via email at help@dhan.co, use the live chat feature on the Dhan app and website, or call their support team at (+91) 9987761000 during trading hours. Additionally, you can connect with them on Twitter at @dhan_cares for quick responses.
To add funds to your Dhan account, you can use various payment methods such as Net Banking, UPI, debit/credit cards, or wire transfers. The process is straightforward: log in to your account, navigate to the fund addition section, select your payment method, and follow the prompts to complete the transaction.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.