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Dhani Stocks vs INDmoney (Compare Dhani Stocks and INDmoney)

So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.

Here we provide side by side comparison between Dhani Stocks vs INDmoney, Below comparison of Dhani Stocks vs INDmoney highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.

One on One comparison of Dhani Stocks vs INDmoney is given below:

Dhani Stocks INDmoney
About The Brokers
Dhani Stocks :

"Dhani Stocks is India’s leading discounted stockbroker offering an unlimited subscription plan with nil brokerage and free call & trade + trading + funds transfers.   >>> more

INDmoney :

INDmoney is not competing primarily as a discount broker — it is competing as a financial super-app. For investors who want Indian stocks   >>> more

Find More Information about the Broker :
Dhani Stocks :
OVERVIEW BROKERAGE
INDmoney :
OVERVIEW
Type of Broker
Dhani Stocks :
 Discount Broker
INDmoney :
 Discount Broker
Promo/offers
Dhani Stocks :
N/A
INDmoney :
N/A
Advantage
Dhani Stocks :
✔ What Dhani Stocks Does Well
₹0 delivery brokerage — free for long-term investors
₹15/order intraday & F&O — ₹5 cheaper than ₹20 standard
₹500/month unlimited plan — cheapest unlimited plan in India
₹0 AMC lifetime + ₹0 account opening
NRI accounts available — PIS + NRO supported
TradingView-powered charts
PIB desktop terminal for active traders
Commodity F&O available (0.03% brokerage)
MF investment at zero commission
INDmoney :
✔ What INDmoney Does Well
9,000+ US stocks from one Indian app — largest US stock coverage
Fractional US stock investing from just $1
US stock SIPs — unique automated US investing from India
₹0 AMC + ₹0 account opening
True super-app: Indian stocks + US stocks + 1600+ MF + FD + NPS + insurance
Net worth tracker aggregating all financial accounts
Family accounts — manage spouse/parents accounts in one dashboard
Tax calculator integrated in-app
SIPC protection on US stocks up to $500,000
MTF 4x at 0.04%/day — competitive rate
Disadvantage
Dhani Stocks :

✘ Where Dhani Stocks Short

Parent company (Dhani Services) has pivoted to real estate as primary business — broking is secondary
Parent quarterly revenue declining (Q1 FY26 down 24.7% YoY)
Parent stock (Dhani Services) declined ~15% over 6 months
Customer support widely reported as slow
Multiple name changes (Indiabulls → Dhani) create brand confusion
Platform innovation slower than app-first brokers
Commodity brokerage 0.03% (not flat fee) — less predictable
No GTT orders
No advanced order types (basket, iceberg, multi-leg)
INDmoney :

✘ Where INDmoney Falls Short

DP charge ₹18.5+GST — highest among reviewed brokers; impacts regular delivery sellers
Indian F&O brokerage ₹20 — same as standard, no differentiation
No commodity (MCX) trading
No currency (forex) derivatives
No NRI accounts
Customer support reported as slow — 2-3 day email response times
US stock forex conversion 0.5%–1.2% from bank — not INDmoney's charge, but a real cost
No advanced F&O tools vs Dhan/Zerodha
US stock repatriation takes 3–7 business days
Why This
Dhani Stocks :
  • Free Delivery Trade, Dhani Stocks does not charge any brokerage on Delivery trade.
  • Rs.15 per executed order across all the segments
  • Dhani Stocks is a part of Indiabulls Group, the pioneer of the financial service, and has had its presence in housing finance, infrastructure, wealth management, consumer finance for 20+ years.
  • 100% paperless online Demat account opening
  • Dhani Stocks offers unlimited trading and a free Demat account with a monthly subscription plan of INR 500.
  • Dhani Stocks offers nil brokerage in unlimited trading subscription plans in equity delivery, intraday, and F&O.
  • Dhani Stocks Demat account offers loans based on the securities in the account.
  • Dhani Stocks supports exchanges — MCX, NSE, BSE, AND NCDEX.
  • Dhani Stocks offers the lowest commodity trading brokerage of 3 paise or 0.03%
  • Dhani Stocks offers extensive deep market research on mutual funds, equity reports, daily market reports, research ETF, quarterly analysis results, free tips, and news alerts for free.
  • Dhani Stocks is India's first online broker company to obtain CRISIL's, the leading trader quality grading of BQ-1, for its outstanding financial stability.
INDmoney :

NA


Dhani Stocks vs INDmoney Account Opening & AMC Charges

Dhani Stocks Trading Account Opening Fee is Rs 0 (Free) and - . Dhani Stocks Demat Account AMC is Rs 0 and - .

Dhani Stocks INDmoney
Trading Account Opening Fee Trading Account Opening Fee :

Rs 0 (Free)

Trading Account Opening Fee : -
Demat Account Opening Fee Demat Account Opening Fee :

Rs 0

Demat Account Opening Fee : -
Demat Account AMC Demat Account AMC :

Rs 0

Demat Account AMC : -
Trading Account AMC Trading Account AMC :

Rs 0

Trading Account AMC : -

Dhani Stocks vs INDmoney Brokerage Charges

Dhani Stocks Brokerage Charges Equity Delivery is Rs 0 (Free) and Equity Intraday is Rs 0 (Free) and Equity Options is Rs 0 (Free) . INDmoney Brokerage Charges

Dhani Stocks INDmoney
Plan Name Plan Name :

Dhani Stocks default Brokerage Plan

Plan Name :

Dhani Stocks Unlimited Brokerage Plan

-
Equity Delivery Equity Delivery :

Rs 0 (Free)

Equity Delivery :

Rs 0

-
Equity Intraday Equity Intraday :

Rs 0 (Free)

Equity Intraday :

Rs. 20 per executed order or 2.5% whichever is low

-
Equity Future Equity Future :

Rs 0 (Free)

Equity Future :

Rs. 20 per executed order

-
Equity Options Equity Options :

Rs 0 (Free)

Equity Options :

Rs. 20 per executed order

-
Currency Futures Currency Futures :

Rs 0 (Free)

Currency Futures :

Rs. 20 per executed order

-
Currency Options Currency Options :

Rs 0 (Free)

Currency Options :

Rs. 20 per executed order

-
Monthly Fee Monthly Fee : - Monthly Fee : - -
Margin Trading Margin Trading : - Margin Trading : - -
Commodity Futures Commodity Futures : - Commodity Futures :

Rs. 20 per executed order

-
Commodity Options Commodity Options : - Commodity Options :

Rs. 20 per executed order

-

Dhani Stocks vs INDmoney Exchange Transaction Charges

Dhani Stocks Exchange Transaction Charges Equity Future is NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 and Equity Options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) . INDmoney Exchange Transaction Charges - and - .

Dhani Stocks INDmoney
Equity Delivery Equity Delivery :

NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)

Equity Delivery : -
Equity Intraday Equity Intraday :

NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)

Equity Intraday : -
Equity Future * Equity Future :

NSE Rs 190 per Cr (0.0019%) | BSE Rs 0

Equity Future : -
Equity Options * Equity Options :

NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium)

Equity Options : -
Currency Futures * Currency Futures :

NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)

Currency Futures : -
Currency Options Currency Options :

NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)

Currency Options : -
Commodity Commodity :

Agro (MCX) Group A: Rs 260 per cr (0.0026%)

Commodity : -

Dhani Stocks vs INDmoney Other Charges

Dhani Stocks Minimum Brokerage is Rs 0.01 per order (for Equity, F&O, Currency) and Call & Trade is Rs 0 (Free) . INDmoney and .

Dhani Stocks INDmoney
Minimum Brokerage Minimum Brokerage :

Rs 0.01 per order (for Equity, F&O, Currency)

Minimum Brokerage : -
Call & Trade Call & Trade :

Rs 0 (Free)

Call & Trade : -
Stamp Duty * Stamp Duty : - Stamp Duty : -
DP Charges (on sell side) DP Charges (on sell side) :

₹13.5 per scrip

DP Charges (on sell side) : -
Other Miscellaneous Charges Other Miscellaneous Charges :

Margin trading funding: 18% P. A.

Other Miscellaneous Charges : -

Dhani Stocks vs INDmoney Features

Dhani Stocks and INDmoney both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

Dhani Stocks INDmoney
Trading Platform Trading Platform :

Dhani Stocks App

Trading Platform : -
Placing orders through charts Placing orders through charts : - Placing orders through charts : -
Trading Alerts Trading Alerts : - Trading Alerts : -
Research and Advice / Trading Tips Research and Advice / Trading Tips : - Research and Advice / Trading Tips : -
Detailed Education Initiatives Detailed Education Initiatives : - Detailed Education Initiatives : -
Unique features & Offers Unique features & Offers : - Unique features & Offers : -
Referral Program Referral Program :

1

Referral Program : -
Margin Against Shares (Equity Cash) * Margin Against Shares (Equity Cash) :

Yes

Margin Against Shares (Equity Cash) :

Yes

Margin Against Shares (Equity F&O) * Margin Against Shares (Equity F&O) :

Yes

Margin Against Shares (Equity F&O) :

Yes


Dhani Stocks vs INDmoney Demat Account Charges

A comparative table of various demat account charges between Dhani Stocks and INDmoney is below:

Dhani Stocks INDmoney
Depository Service Provider Depository Service Provider :

CDSL, NSDL

Depository Service Provider : -
Account Opening Fee Account Opening Fee :

Nil

Account Opening Fee : -
Advance Deposit Advance Deposit :

Nil

Advance Deposit : -
AMC AMC :

Nil

AMC : -
Dematerialisation Charges Dematerialisation Charges :

₹5 per certificate/unit + ₹50 courier charges

Dematerialisation Charges : -
Rematerialisation Charges Rematerialisation Charges :

₹35 for every 100 securities/MF units or part thereof

Rematerialisation Charges : -
Transaction Charges (Credit) Transaction Charges (Credit) : - Transaction Charges (Credit) : -
Transaction Charges (debit) Transaction Charges (debit) :

₹13.5 per trasnaction

Transaction Charges (debit) : -
Pledge Creation Charges Pledge Creation Charges :

₹35 or 0.02% of the transaction value whichever is higher

Pledge Creation Charges : -
Pledge Creation Confirmation Charges Pledge Creation Confirmation Charges :

₹35 or 0.02% of the transaction value whichever is higher

Pledge Creation Confirmation Charges : -
Pledge Invocation Charges Pledge Invocation Charges :

₹35 or 0.02% of the transaction value whichever is higher

Pledge Invocation Charges : -
Failed Instruction Charges Failed Instruction Charges :

Nil

Failed Instruction Charges : -
Other Charges Other Charges :

  1. Margin Pledge /Unpledge: ₹15
  2. Margin pledge Invocation: Nil
  3. Fax Indemnity - Actual
  4. Demat Rejection - ₹25 + Courier Charges
  5. Renewal charges for resuming the Services - ₹100 per account.
  6. Interest at 24% p.a for NSDL client and 13% p.a for CDSL client is charged on the outstanding bill after one month from the due date.

Other Charges : -

Dhani Stocks vs INDmoney Basic Details

Dhani Stocks Year of Incorporation is 2000 and Total Number of Clients is 30286 and Total Number of Branches is 18 . INDmoney and Total Number of Clients is 838493 and .

Dhani Stocks INDmoney
Year of Incorporation Year of Incorporation :

2000

Year of Incorporation : -
Active Exchange Memberships Active Exchange Memberships :

NSE, BSE, MCX & NCDEX

Active Exchange Memberships : -
Demat Services Demat Services :

Yes

Demat Services : -
Website Website : https://www.dhanistocks.com/ Website : -
Contact Details Contact Details : - Contact Details : -
Total Number of Clients Total Number of Clients :

30,286

Total Number of Clients :

838,493

Total Number of Branches Total Number of Branches :

18

Total Number of Branches : -
Products * Products :

Mutual Fund, Broking

Products : -

Dhani Stocks vs INDmoney Orders

Orders

Dhani Stocks INDmoney
Cover Orders (CO) Cover Orders (CO) :

Yes

Cover Orders (CO) : -
Bracket orders / One Cancels Other (BO / OCO) Bracket orders / One Cancels Other (BO / OCO) :

Yes

Bracket orders / One Cancels Other (BO / OCO) : -
After Market Orders (AMO) After Market Orders (AMO) :

Yes

After Market Orders (AMO) : -
Buy Today Sell Tomorrow (BTST) * Buy Today Sell Tomorrow (BTST) :

Yes

Buy Today Sell Tomorrow (BTST) :

Yes

Sell Today Buy Tomorrow (STBT) * Sell Today Buy Tomorrow (STBT) :

No

Sell Today Buy Tomorrow (STBT) :

Yes

Good Till Cancelled (GTC) * Good Till Cancelled (GTC) :

No

Good Till Cancelled (GTC) :

Yes


Dhani Stocks vs INDmoney Research and Advice / Trading Tips

Research and Advice / Trading Tips

Dhani Stocks INDmoney
Equity Trading Recommendation * Equity Trading Recommendation : - Equity Trading Recommendation : -
Equity Investment Recommendation * Equity Investment Recommendation : - Equity Investment Recommendation : -
Recommendation basis risk Profile * Recommendation basis risk Profile : - Recommendation basis risk Profile : -
Comparison * Comparison : - Comparison : -
Free Tips * Free Tips :

No

Free Tips : -
Daily Market report * Daily Market report :

No

Daily Market report : -
ETF research * ETF research : - ETF research : -
Quarterly Results * Quarterly Results :

No

Quarterly Results : -

Dhani Stocks vs INDmoney Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

Dhani Stocks INDmoney
Availability for franchisee / AP Availability for franchisee / AP : - Availability for franchisee / AP : -
Investment required for Franchisee / AP Investment required for Franchisee / AP : - Investment required for Franchisee / AP : -

Dhani Stocks vs INDmoney Product & Services

Dhani Stocks and INDmoney both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

Dhani Stocks INDmoney
Delivery Based Trading * Delivery Based Trading :

Yes

Delivery Based Trading : -
Margin Trading * Margin Trading :

No

Margin Trading : -
Call N Trade * Call N Trade :

Yes

Call N Trade : -
Trading in Both the exchanges * Trading in Both the exchanges :

Yes

Trading in Both the exchanges : -
Limit Order * Limit Order :

Yes

Limit Order : -
3-in-1 On-line Trading Account * 3-in-1 On-line Trading Account :

No

3-in-1 On-line Trading Account : -
NRI Services * NRI Services :

Yes

NRI Services : -
SMS Alerts * SMS Alerts :

Yes

SMS Alerts : -
Offers Multiple Plan * Offers Multiple Plan :

Yes

Offers Multiple Plan : -
IPO Investment * IPO Investment :

Yes

IPO Investment : -
Portfolio Analysis * Portfolio Analysis : - Portfolio Analysis : -
Advanced Charting Features * Advanced Charting Features : - Advanced Charting Features : -
Brokerage Calculator * Brokerage Calculator : - Brokerage Calculator : -
Margin Calculator * Margin Calculator : - Margin Calculator : -
Stop Loss Order * Stop Loss Order : - Stop Loss Order : -
Bracket Orders & Trailing Stop Loss * Bracket Orders & Trailing Stop Loss : - Bracket Orders & Trailing Stop Loss : -
Equity Future & Option Trading * Equity Future & Option Trading : - Equity Future & Option Trading : -
Currency Future & Option Trading * Currency Future & Option Trading : - Currency Future & Option Trading : -
Market Trading * Market Trading : - Market Trading : -
Monthly & Yearly Plan * Monthly & Yearly Plan :

Yes

Monthly & Yearly Plan : -
Aumtomated Trading * Aumtomated Trading : - Aumtomated Trading : -

Dhani Stocks vs INDmoney Customer Services

Dhani Stocks and INDmoney both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

Dhani Stocks INDmoney
Toll Free Number * Toll Free Number : - Toll Free Number : -
Live Chat Facility * Live Chat Facility : - Live Chat Facility : -
Email Facility * Email Facility : - Email Facility : -
Branch Offices * Branch Offices : - Branch Offices : -
Customer Care * Customer Care : - Customer Care : -
Community Service * Community Service : - Community Service : -
Relationship Manager * Relationship Manager : - Relationship Manager : -
24/7 Support * 24/7 Support : - 24/7 Support : -

Dhani Stocks vs INDmoney Other Investement

Dhani Stocks and INDmoney both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

Dhani Stocks INDmoney
Commodity Trading * Commodity Trading : - Commodity Trading : -
Investment in ETFs * Investment in ETFs : - Investment in ETFs : -
Investment in Mutual Funds * Investment in Mutual Funds : - Investment in Mutual Funds : -
Investment in Bonds * Investment in Bonds : - Investment in Bonds : -
Investment in Corporate Debt instruments * Investment in Corporate Debt instruments : - Investment in Corporate Debt instruments : -
Insurance Services * Insurance Services : - Insurance Services : -
Banking Services * Banking Services : - Banking Services : -

Dhani Stocks vs INDmoney Trading Platform

Dhani Stocks and INDmoney both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

Dhani Stocks INDmoney
Web Platform * Web Platform : - Web Platform : -
Android Mobile App * Android Mobile App : - Android Mobile App : -
Desktop Windows * Desktop Windows : - Desktop Windows : -
Desktop Mac * Desktop Mac : - Desktop Mac : -
I-Pad App * I-Pad App : - I-Pad App : -
Virtual Trading * Virtual Trading : - Virtual Trading : -
iPhone Mobile App * iPhone Mobile App : - iPhone Mobile App : -
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