Dhan app review & charges

Dhan is one of India’s fastest-growing technology- and product-driven stockbroking platforms. It lets users invest and trade instantly. Dhan has an active client base of 3,10,070 as of November 2023. In this blog post, we will review the Dhan app and its charges in detail. You can use Dhan app referral code DETA06 to get a Free Demat account with ₹0 AMC Lifetime.

What is Dhan App?

Dhan app is a trading app for mobile devices that was made by Dhan. People who invest or trade can use this app to buy and sell stocks, currencies, commodities, ETFs, IPOs, futures, and options. Investors can get all the information they need from the app in one place.

Android and iPhone users can download the Dhan app. You can easily use the app, and it looks great too. There are also some unique features and options for customers that make trading more efficient as a whole.

Some of the features of Dhan app are:

Charts from TradingView: On the Dhan app, you can use advanced charting tools and indicators from TradingView. Your charts can also be changed to fit your needs, and you can save them for later use.

Basket Orders for Strategy: With basket orders, you can make and carry out several orders at the same time. This makes it easier and faster for you to use your trading strategies.

Options Chain: The Dhan app lets you see the options chain for any stock or index. You can also sort the contracts by type, volume, strike price, and expiration date. From the option chain, you can also place orders right away.

1-Tap Reverse & Exit: You can reverse or exit your positions with just one tap on the Dhan app. This helps you to manage your risk and lock your profits quickly.

Real-Time P&L Updates: You can track your profit and loss in real time on the Dhan app. You can also view your portfolio performance across different segments and time frames.

Superfast Investment Experience: You can invest in stocks, ETFs and IPOs with just a few clicks on the Dhan app. You can also use smart SIPs to invest in stocks and ETFs systematically.

Trader’s Controls: You can set various controls on the Dhan app to enhance your trading experience. For example, you can set trailing stop loss, iceberg orders, forever orders, after market orders and deep OTM/ITM contracts.

Margin Trading Facility: You can trade with leverage on the Dhan app. You can avail margin for intraday and delivery trades across different segments.

Smart Portfolio: You can view your portfolio summary and holdings on the Dhan app. You can also analyze your portfolio performance with various metrics such as returns, risk, diversification and sector allocation.

Instant Fund Withdrawals: You can withdraw your funds from your trading account instantly on the Dhan app. You can also transfer funds to your trading account from multiple banks.

How to Use Dhan App?

You need to sign up for a Dhan account before you can use the app. It’s easy to make an account online—just fill out a short form and upload your documents. The process of opening an account doesn’t require any paper and is easy.

You can get the Dhan app from the Google Play Store or the Apple App Store after making an account. You’ll need your user ID and password to get into the app. For a safe login, you can also use biometric authentication.

You can use the Dhan app’s different features and options after logging in. You can manage your portfolio, view charts, make watchlists, place orders, and more.

You can also change the settings for your app to suit your needs. You can change things like your theme, language, security settings, notifications, and alerts.

Dhan app charges

When it comes to intraday trading, Dhan’s brokerage structure is very competitive. Dhan charges a flat fee of ₹20 per trade or 0.03% of the trade value, whichever is less, for trading stocks during the same business day. Dhan doesn’t charge any fees for delivery trades.

A flat fee of ₹20 is charged by Dhan for each trade in options. Dhan charges 0.03% of the trade value for each futures trade.

Dhan does not charge any account opening or maintenance fees. However, it charges ₹50 per call and trade order.

Dhan charges certain government fees along with brokerage fees. These include GST, STT, SEBI turnover fee, stamp duty, and transaction charges.

The table below shows the brokerage charges of Dhan for different segments:

The table below shows the margin provided by Dhan for different segments:

Pros and cons of the Dhan app

The Dhan app has a lot of pros and cons. Here are some of the good and bad things about the Dhan app:

Pros:

Supported by multiple platforms like mobile app, web and trading view charting platform.

No hassle of spam calls, messages and emails.

24/7 customer care prioritising all customer grievances.

50% discount on brokerage for women’s participation.

Cons:

A comparatively high charge of ₹50 on every call and trade placed.

Not adept for new or beginner traders and investors.

No relationship managers for portfolio management services.

No free research reports, stock tips and weekly recommendations.

No option to invest in insurance bonds and debt.

In conclusion

Traders and investors who want a quick, effective, and easy-to-use mobile trading platform should check out the Dhan app. The Dhan app has a lot of features and options that make trading easier for customers.

But the Dhan app also has some problems that need to be fixed. One thing that might be bad for new or inexperienced traders is that the Dhan app doesn’t offer any research or advice services.

In general, the Dhan app is a good mobile trading platform that can meet the needs of different types of investors and traders.

Dhan app referral code

Dhan app referral code is ‘DETA06’. By using the code, a user will get a free demat account with ₹0 AMC charges.

Charges & Features