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Dhan

India|1-2 years|
Suspicious Scope of Business|High potential risk|

https://dhan.co/

Website

Rating Index

Contact

+91 022-48906273
help@dhan.co
https://dhan.co/
302, Western Edge l, Off Western Express Highway, Borivali East, Mumbai - 400066, Maharashtra, India.

Licenses

No valid regulatory information, please be aware of the risk!

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No restriction on the broker account. Support service provided by WikiFX

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Warning: Low score, please stay away! 2
Previous Detection : 2024-07-18
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Dhan · WikiFX Survey

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Dhan · Company Summary

Dhan Review Summary
Registered Country/Region India
Regulation No Regulation
Market Instruments Stocks, Options, Futures, Commodity, Currency, ETFS, Mutual Funds, IPO
Demo Account Unavailable
Trading Platforms Dhan App, Dhan web, Options Trader App, Options Trader Web, Dhan + TradingView, TradingView, DhanHQ
Customer Support Phone Number: (+91)9987761000 (Available on 9:00 am to 6:00 pm onMarket Trading days)
Email: help@dhan.co
Address: 302, Western Edge l, Off Western Express Highway, Borivali East, Mumbai - 400066, Maharashtra, India.
Twitter: https://twitter.com/DhanCares
Live Chat (8 AM to 12 AM Monday to Friday, 8 AM to 10 PM Saturday & Sunday)

What is Dhan?

Dhan is an unregulated financial services platform based in India that offers a variety of trading instruments across different asset classes, including Stocks, Options, Futures, Commodities, Currencies, ETFs (Exchange-Traded Funds), Mutual Funds, and IPOs (Initial Public Offerings). The platform provides traders and investors with opportunities to engage in diverse markets. It is known for its user-friendly trading platforms, including the Dhan App & Web, Options Trader App & Web, Dhan + TradingView, TradingView, and DhanHQ.

Dhans homepage

Pros & Cons

Pros Cons
  • No Account Opening or AMC Fees
  • No Regulation
  • User-Friendly Trading Platforms
  • Multiple Customer Support Channels

Pros:

  • No Account Opening or AMC Fees: ₹0 account opening charges and ₹0 Annual Maintenance Charge.

  • User-Friendly Trading Platforms: Platforms like Dhan App, Dhan Web, Options Trader, and DhanHQ cater to various trading needs.

  • Multiple Customer Support Channels: Dhan provides various customer support channels including phone, email, and Live Chat (8 AM to 12 AM Monday to Friday, 8 AM to 10 PM Saturday & Sunday), enhancing accessibility and assistance for clients.

Cons:

  • No Regulation: The lack of valid regulation raises significant safety and trust concerns, as regulatory oversight is crucial for ensuring customer protection and platform transparency. There are also reports of being unable to withdraw and scams, adding to the cons of the platform.

Is Dhan Safe or Scam?

Dhan currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection.

No license

Market Instruments

Dhan provides an extensive range of trading instruments covering diverse asset classes.

  • Stocks: Invest in individual companies listed on stock exchanges.

Stocks
  • Options: Trade contracts based on the future value of underlying assets like stocks.

Options
  • Futures: Buy or sell contracts to buy or sell an asset at a specific price on a future date.

Futures
  • Commodities: Gain exposure to physical commodities like gold, oil, or agricultural products.

Commodities
  • Currencies: Trade foreign exchange (forex) to speculate on currency movements.

Currencies
  • ETFs (Exchange-Traded Funds): Invest in a basket of securities that track an underlying index.

ETFs (Exchange-Traded Funds)
  • Mutual Funds: Invest in professionally managed portfolios of various securities.

Mutual Funds
  • IPOs (Initial Public Offerings): Get access to newly issued shares of companies going public.

IPOs (Initial Public Offerings)

Demat Account

No Account Opening or Annual Maintenance Fees:

  • ₹0 Account Opening Charge

  • ₹0 Annual Maintenance Charge

Transaction Charges:

  • ₹12.50 + GST per instruction/ISIN:

    • Demat & Pledge transactions (instructions like buy, sell, pledge, unpledge, invocation)

    • CUSPA Charges (transferring shares due to debit in account)

  • ₹50 + GST per order: Call & Trade (orders placed through their trade desk)

Other:

  • ₹0 Platform Charges

  • ₹20 + GST per order: Auto-Square Off Charges (intraday orders automatically squared off before market closure)

  • 0.0438% daily interest: On outstanding MTF and non-MTF debit, non-maintenance of 50:50 margin

  • ₹0 charges: UPI payments & net banking

Demat account charges

How to Open an Account?

Steps:

  • Click the button ''Open Account'' on the homepage.

Click the button ''Open Account''
  • Then click the button ''Start Now''.

click the button ''Start Now''
  • Add your mobile number and follow the on-screen instructions to input your personal and contact details.

scan to download Dhan App
  • Set a secure password for your account.

  • Read and agree to the Terms and Conditions and any other policy as required.

  • Click on the ''Register'' option to finalize the creation of your account.

  • An email will typically be sent to your registered email address to verify your account. Ensure to check your inbox and spam folders.

  • Click on the link received in the verification email to activate your account.

Trading Platforms

Dhan caters to a variety of trading styles by offering multiple trading platforms.

  • Dhan App & Dhan Web: All-in-one platforms for trading various assets on the go or from your desktop.

Dhan App
Dhan Web
  • Options Trader App & Options Trader Web: Specialized platforms designed for options trading strategies.

Options Trader App
Options Trader Web
  • Dhan + TradingView: Integrate Dhan's trading functionalities with the powerful charting and analysis tools of TradingView.

Dhan + TradingView
connect to TradingView
  • DhanHQ: A comprehensive platform offering in-depth market data, research tools, and advanced order types for active traders.

DhanHQ

Customer Service

Dhan provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience.

  • Phone Number: (+91)9987761000 (Available on 9:00 am to 6:00 pm on market Trading days)

  • Email:help@dhan.co

  • Address: 302, Western Edge l, Off Western Express Highway, Borivali East, Mumbai - 400066, Maharashtra, India.

  • Twitter: https://twitter.com/DhanCares

  • Live Chat (8 AM to 12 AM Monday to Friday, 8 AM to 10 PM Saturday & Sunday)

contact details

Conclusion

In conclusion, Dhan offers an extensive range of trading instruments, a demat account, multiple trading platforms, and various customer support channels, making it an advantageous platform for various investors with varying investment styles and goals. However, the lack of valid regulation raises significant concerns about the safety and trustworthiness of the platform.

Frequently Asked Questions (FAQs)

Q 1: Is Dhan regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: Does Dhan offer demo accounts?
A 2: No.
Q 3: What trading platforms are offered by Dhan?
A 3: Dhan App, Dhan web, Options Trader App, Options Trader Web, Dhan + TradingView, TradingView, DhanHQ.
Q 4: What financial instruments can I trade with Dhan?
A 4: Stocks, Options, Futures, Commodity, Currency, ETFS, Mutual Funds, IPO.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Broker Information

Company Name

Moneylicious Securities Private Limited

Abbreviation

Dhan

Regulatory Status

No Regulation

Platform registered country and region

India

Company website
Phone of the company
  • +91 022-48906273

Twitter
Facebook

--

Instagram

--

YouTube

--

Company address
  • 302, Western Edge l, Off Western Express Highway, Borivali East, Mumbai - 400066, Maharashtra, India.

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • help@dhan.co

Company Summary

User Reviews

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Comments

Write a review

BoiseR
more than one year
The teamwork at Dhan Trading has been incredibly helpful. I just need more time to establish a solid trust experience.
2024-02-29 17:34
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