Dhan vs Mstock review with Brokerage charges
In this article, we will review ‘Dhan vs Mstock’ on the basis of Brokerage charges, Account maintenance charges, Investment options, Customer service, User reviews, Research and analysis, broker’s track record & reputation
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| Product Name |
Dhan app review & chargesM.stock charges |
| Product Image |
|
| Price | |
| Our Rating | |
| Brand | Dhan m stock |
| Category | Stock brokers Stock brokers |
Company Overview
  |
|
| Company name | Dhan Mirae Asset Capital Markets (India) Pvt Ltd |
| Headquarters | Mumbai Mumbai |
| Founder | Mr Pravin Jadhav Hyeon Joo Park |
| Establishment Year | 2021 June 1997 |
Account opening & AMC
|
|
| Account Opening Fee The account opening fee, also known as account setup charges, refers to the one-time charge levied by a brokerage firm when you open a new Demat and trading account to invest in securities like stocks, bonds, or ETFs. These fees can vary depending on the type of account, the brokerage firm, and any current promotions or offers. | ₹0 ₹999 (Zero brokerage for life) + ₹999 (Free AMC) |
| Annual Maintenance Charges (AMC) This is a yearly fee levied by the depository participant (DP) to maintain your Demat account, where your shares are held electronically. | ₹0 ₹120 every quarter (Zero AMC by paying an additional ₹999, else ₹120 every quarter as AMC) |
Pledge Charges
|
|
| Pledge Creation Charges | ₹ 12.5 / transaction / ISIN + GST ₹25 per PSN (Pledge Sequence Number) per day (+GST) for 'Lifetime free AMC' plan |
| Pledge Invocation Charges | ₹ 12.5 / transaction / ISIN + GST ₹25 per PSN (Pledge Sequence Number) per day (+GST) for 'Lifetime free AMC' plan |
| Interest on Margin Trading | 0.0438% per day on outstanding MTF and non MTF debit and non maintenance of 50:50 margin Up to ₹25 Lakhs: 9.99%, Above ₹25 Lakhs to ₹5 Crore: 8.99%, Above ₹5 Crore: 6.99% |
| Margin Re-Pledge | ₹ 12.5 / transaction / ISIN + GST ₹25 per PSN |
Brokerage charges & Fees
|
|
| Brokerage Plan | Standard Lifetime free AMC' plan |
| Equity Delivery Charges | ₹0 Zero |
| Equity Intraday Charges | ₹20 or 0.03% per executed order whichever is lower Zero |
| Equity Futures charges | ₹20 or 0.03% per executed order whichever is lower Zero |
| Equity Options charges | ₹20 per executed order Zero |
| Currency Futures charges | ₹20 or 0.03% per executed order whichever is lower Zero |
| Currency Options charges | ₹20 per executed order Zero |
| Commodity Futures charges | ₹20 or 0.03% per executed order whichever is lower Do not offer Commodity trading |
| Commodity Options charges | ₹20 per executed order Do not offer Commodity trading |
Customer services offered
|
|
| Demat Services |
 Yes
Yes
|
| Trading Services |
Yes
Yes
|
| Intraday Services |
Yes
Yes
|
| F&O Services |
Yes
Yes
|
| IPO Services |
Yes
Yes
|
| Share Pledging |
Yes
Yes
|
| NRI Services |
Yes
|
| Referral Program |
Yes
Yes
|
Customer Support
|
|
| Call Support | +91 9987761000 (9:00 am to 6:00 pm on Market Trading days) 1800 210 0818 |
| Email Support | help@dhan.co (24x7) help@mstock.com |
| Whatsapp Support |
No
|
| Website Support |
Yes, 8 AM to 12 AM (Monday to Friday), 8 AM to 10 PM (Saturday & Sunday)
|
Leverage (Margin) Offered
|
|
| Equity Delivery Margin Leverage | Upto 1.39x depending on the stock (lower leverage for volatile stocks) No leverage available; you need the full purchase value in your account. |
| Equity Intraday Margin Leverage | Upto 4x depending on the stock (lower leverage for volatile stocks) Leverage ranges from 3x to 4x depending on the stock (lower leverage for volatile stocks) |
| Equity F&O Intraday Margin Leverage | No leverage available; requires full margin upfront No leverage available; you need the full purchase value in your account. |
| Equity F&O Carry Forward Margin Leverage | No leverage available; requires full margin upfront No leverage available; you need the full purchase value in your account. |
| Currency F&O Margin Leverage | No leverage available; requires full margin upfront 4x to 10x depending on the currency pair and contract type. |
| Commodity F&O Intraday Margin Leverage | No leverage available; requires full margin upfront Does not offer trading in Commodity |
| Commodity F&O Carry Forward Margin Leverage | No leverage available; requires full margin upfront Does not offer trading in Commodity |
Unique Offerings
|
|
| Free Account Opening |
Yes
No
|
| Free Brokerage |
Yes, On Equity Delivery, ETFs, IPO & Mutual Funds only
Yes
|
| Free AMC |
Yes
Yes, on 'Lifetime free AMC' plan only
|
| Free Equity Delivery |
Yes
Yes
|
| Free F&O Trading |
No
Yes
|
| Free Intraday Trading |
No
Yes
|
| Free Trading calls |
No
Yes
|
| Happy Trading Hours |
No
No
|
| Flexible Brokerage Plans |
Yes
Yes
|
| Referral Offers |
Yes
Yes
|
| Margin Funding (MTF)/ Pledging |
Yes
Yes
|
| Brokerage Cashback |
No
No
|
| Zero Brokerage for Loss Making Trades |
No
No
|
| Relationship Manager |
No
No
|
Services Provided
|
|
| Equity Delivery |
Yes
Yes
|
| Equity Intraday |
Yes
Yes
|
| Equity Futures |
Yes
Yes
|
| Equity Options |
Yes
Yes
|
| Currency Futures |
Yes
Yes
|
| Currency Options |
Yes
Yes
|
| Commodity Futures |
Yes
No
|
| Commodity Options |
Yes
No
|
| 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
|
Order Types
|
|
| Market Order |
Yes
Yes
|
| Limit Order |
Yes
Yes
|
| Bracket Order |
Yes
Yes
|
| Cover Order |
Yes
Yes
|
| After Market Order (AMO) |
Yes
Yes
|
| Good Till Cancelled (GTC) |
Yes
Yes
|
| Buy Today Sell Tomorrow (BTST) |
Yes
No
|
| Sell Today Buy Tomorrow (STBT) |
No
No
|
Research & Reports
|
|
| Annual Reports |
Yes
No
|
| Company Reports |
Yes
No
|
| Research Reports |
No
No
|
| Fundamental Reports |
No
Yes, Basic only
|
| IPO Reports |
Yes
Yes
|
| Technical Reports |
Yes
Yes, Basic only
|
| Stock tips |
No
No
|
| Daily Market Review |
No
No
|
| Monthly Review |
Yes
No
|
| Weekly Review |
No
No
|
| Robo Advisory |
No
No
|
STT & CTT Charges
|
|
| Equity Delivery STT & CTT | 0.1% on buy & sell 0.1% on buy & sell |
| Equity Intraday STT & CTT | 0.025% on sell transactions 0.025% on the sell side |
| Equity Futures STT & CTT | 0.0125% on sell side 0.0125% on sell side |
| Equity Options STT & CTT | 0.0625% on sell side (on premium), 0.125% on exercised options (on intrinsic value) 0.0625% on sell side (on premium) and/or 0.125% of the intrinsic value on options that are bought and exercised |
| Currency Futures STT & CTT | No STT No STT |
| Currency Options STT & CTT | No STT No STT |
| Commodity Futures STT & CTT | 0.01% on sell side Does not offer Commodity trading |
| Commodity Options STT & CTT | 0.05% on sell side Does not offer Commodity trading |
Trading Features
|
|
| Watchlist |
Yes
Yes
|
| Real Time Updates |
Yes
Yes
|
| Portfolio Details |
Yes
Yes
|
| Price Alert |
Yes
Yes
|
| Online Mutual Fund Buy |
Yes
Yes
|
| Global indices |
No
No
|
| Customized Recommendations |
No
No
|
| Advanced charting |
Yes
Yes
|
| Live market |
Yes
Yes
|
| Multiple Profile Management |
No
No
|
| Secure Platform |
Yes
Yes
|
Trading Platforms
|
|
| Android App |
Yes
Yes
|
| iOS App |
Yes
Yes
|
| Web Trading Platform |
Yes
Yes
|
| Trading Terminal |
Yes
No
|
| Algo Trading Platform |
Yes
No
|
| Foreign Stocks Trading Platform |
No
No
|
| Basket Trading Platform |
Yes
Yes
|
| Mutual Fund Investment Platform |
Yes
Yes
|
| Digital Gold Investment Platform |
No
No
|
| Bonds Investment Platform |
No
No
|
Transaction Charges
|
|
| Equity Delivery Transaction Charges | BSE: 0.00375%, NSE: 0.00325% NSE: 0.00325%, BSE: 0.00375% |
| Equity Intraday Transaction Charges | BSE: 0.00375%, NSE: 0.00325% NSE: 0.00325%, BSE: 0.00375% |
| Equity Futures Transaction Charges | NSE: 0.0019%, BSE: 0 (Zero) NSE: 0.0019% |
| Equity Options Transaction Charges | NSE: 0.05% (on premium), BSE: 0.005% (on premium) NSE: 0.050% (on premium) |
| Currency Futures Transaction Charges | NSE: 0.0009%, BSE: 0.0009%, Interest Rate Derivatives: 0.00015% NSE: Exchange txn charge: 0.0009% |
| Currency Options Transaction Charges | NSE: 0.035%, BSE: 0.001% NSE: Exchange txn charge: 0.035% |
| Commodity Futures Transaction Charges | Group A, B : 0.0026% Does not offer |
| Commodity Options Transaction Charges | 0.05% Does not offer |
Stamp Duty charges
|
|
| Equity Delivery Stamp Duty | 0.015% on turnover of buy orders 0.015% or ₹1500 / crore on buy side |
| Equity Intraday Stamp Duty | 0.003% on turnover of buy orders 0.003% or ₹300 / crore on buy side |
| Equity Futures Stamp Duty | 0.0125% on sell side 0.002% or ₹200 / crore on buy side |
| Equity Options Stamp Duty | 0.0625% on sell side (on premium), 0.125% on exercised options (on intrinsic value) 0.003% or ₹300 / crore on buy side |
| Currency Futures Stamp Duty | 0.0001% on turnover of buy orders 0.0001% or ₹10 / crore on buy side |
| Currency Options Stamp Duty | 0.0001% on turnover of buy orders 0.0001% or ₹10 / crore on buy side |
| Commodity Futures Stamp Duty | 0.002% on turnover of buy orders Does not offer |
| Commodity Options Stamp Duty | 0.003% on turnover of buy orders Does not offer |
Other Charges
|
|
| SEBI Turnover Charges | ₹10/Crore (For all segments) ₹10/crore (For all segments) |
| DP Charges | ₹ 12.50 / instruction / ISIN + GST. ₹12 + GST per ISIN per transaction per day |
| GST charges | 18% of (brokerage + transaction charges + Demat) 18% of (brokerage + transaction charges + Demat) |
| Account Closure Charges | Free Free |
| Reactivation Charges | Free Free |
| Dematerialization Charges | ₹150 per certificate + ₹100 courier charges ₹150 per certificate + ₹100 courier charges |
| Call and Trade charges | ₹ 50 / order + GST ₹0 |
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