"Dhani Stocks is India’s leading discounted stockbroker offering an unlimited subscription plan with nil brokerage and free call & trade + trading + funds transfers."
Why 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.
Positives
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✔ What Dhani Stocks Does Well
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Needs Improvement
✘ 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) |
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DHANI STOCKS
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Dhani Stocks Review 2026 — ₹0 Delivery, ₹15 F&O, ₹500/Month Unlimited Plan & Honest AssessmentBy CompareShareBrokers Editorial Team | Last updated: March 2026 | Affiliate disclosure
✔ Verified March 2026 Indiabulls Securities Ltd
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Open Free Account →
Free • ₹0 AMC • ₹0 delivery
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₹0
Delivery brokerage
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₹15
Intraday & F&O per order
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₹500
Unlimited monthly plan
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₹0
AMC & account opening
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₹131Cr
Parent revenue FY25
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3.2/5
CSB Rating
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| Year of Incorporation | 2000 |
| Products | Mutual Fund, Broking |
| Demat Services | Yes |
| Active Exchange Memberships | NSE, BSE, MCX & NCDEX |
| Website | https://www.dhanistocks.com/ |
| Contact Details | - |
| Total Number of Clients | 30,286 |
| Total Number of Branches | 18 |
Dhani Stocks is an Indian discounted broker, a Gurgaon-based company, previously acknowledged as Indiabulls Securities till 2020. Dhani Stocks is a part of India's leading financial service provider Indiabulls Group and it has been offering online trading since 2000.
Dhani Stocks offers traders unlimited trading in currency, equity, derivatives, and commodity in INR 500 monthly. Dhani Stocks also offers NRI Demat accounts at the lowest rate of INR 2000 for account opening + INR 300 AMC with 0.50 % brokerage on equity delivery and 0.05 % brokerage on equity future. Dhani Stocks also offers its users investments in IPOs and mutual funds.
Dhani Stocks Mobile Trading App is available on iOS, Android, and desktop platforms offering various features like portfolio tracker, stock quotes, live market news, IPO, companies research reports, and real-time statistics. The mobile and web applications are easy to understand for beginners. In addition, there are customer service executives that support traders' on-call orders executions.
Dhani Stocks offers excellent real-time, in-depth market insights to make online trading excellent with zero brokerage on delivery. In addition, Dhani Stocks has their Global Depository Receipts at the Stock Exchange of Luxembourg.
Dhani Stocks is the discount broking brand of Indiabulls Securities Ltd, a SEBI-registered stockbroker incorporated in 2003. The legal entity is Indiabulls Securities Ltd — the Dhani Stocks name is the consumer brand applied to its discount broking platform. Indiabulls Securities is a subsidiary of Dhani Services Ltd, a BSE/NSE-listed public company (formerly Indiabulls Ventures). The broker is registered with SEBI, NSE, BSE, MCX, and CDSL.
Dhani Stocks has a genuinely competitive pricing structure: ₹0 delivery brokerage, ₹15/order for intraday and F&O (₹5 cheaper than the ₹20 standard), ₹0 AMC lifetime, ₹0 account opening, and a unique ₹500/month unlimited subscription plan — one of the lowest unlimited plan prices in the market. For NRIs, accounts are available at ₹2,000 opening + ₹300 AMC/year. Platforms include a mobile app, web platform, PIB desktop terminal, and TradingView-powered charts.
However, Dhani Stocks must be evaluated with full awareness of its parent company's strategic direction. Dhani Services Ltd, the parent, has undergone a significant pivot — from a capital markets company to a real estate-focused conglomerate. The company's own communications describe real estate as the primary business, with broking, payments, and ARC as secondary digital verticals. This does not mean your money or shares are at risk (CDSL holds your demat independently), but it does mean the broking platform may receive less product investment and strategic priority than broking-focused competitors.
| Brokerage charges |
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4.1 |
| Platform & tools |
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3.4 |
| Account opening |
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4.0 |
| Trust & parent stability |
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2.6 |
| Customer support |
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3.1 |
| NRI & products range |
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3.3 |
| Value for money |
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4.2 |
| Overall Rating |
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3.2 |
Ratings based on independent testing, verified user reviews, SEBI complaint data, and platform benchmarking. Updated March 2026.
All charges verified from Chittorgarh, CSB FAQ database, and Tracxn as of March 2026.
| Plan | Delivery | Intraday / F&O | Commodity | Cost |
|---|---|---|---|---|
| Standard Plan | ₹0 | ₹15/order | 0.03% | Free (pay per trade) |
| Unlimited Plan | ₹0 | ₹0 unlimited | 0.03% | ₹500+GST/month |
| Charge | Amount | Notes |
|---|---|---|
| Account opening | ₹0 Free | Free for all users. |
| Demat AMC | ₹0 lifetime | No annual maintenance charges ever. |
| Mutual Funds | ₹0 | Zero commission on MF investment. |
| NRI account opening | ₹2,000 | One-time opening fee for NRIs. |
| NRI Demat AMC | ₹300/year | Annual maintenance for NRI demat accounts. |
| NRI equity delivery | 0.50% | Percentage-based brokerage for NRI delivery trades. |
| NRI equity futures | 0.05% | Percentage-based brokerage for NRI futures. |
| Tax | Equity Delivery | Intraday | F&O (Budget 2026) |
|---|---|---|---|
| STT | 0.1% buy+sell | 0.025% sell | Fut: 0.05% sell Opt: 0.15% sell (premium) Effective April 1, 2026. |
| GST | 18% on brokerage + exchange charges + SEBI charges | ||
| SEBI charges | ₹10 per crore | ||
| Stamp duty | 0.015% (buy) | 0.003% (buy) | Fut: 0.002% Opt: 0.003% (buy) |
Dhani Stocks provides three trading platforms. The Dhani Stocks App is the primary mobile platform (Android and iOS) with a clean interface for equity, F&O, currency, and commodity trading. The Dhani Stocks Web is the browser-based platform offering the same functionality on desktop. The PIB (Pro Investor Board) is an installable desktop terminal designed for high-frequency and advanced traders, with real-time stock prices, live trading reports, and advanced charting. All platforms are powered by TradingView for charting, giving users access to interactive charts, multiple chart types (candlestick, bar, hollow candle, etc.), and 100+ technical indicators.
Dhani Stocks covers equity (delivery and intraday), equity F&O, currency derivatives, commodity F&O (MCX), and mutual funds. IPO applications are available. The platform offers a combined ledger for equity and commodity trading. No 3-in-1 account facility is available.
Dhani Stocks' ₹500+GST/month subscription offers unlimited trading across equity intraday, equity F&O, and currency derivatives for the entire month at zero brokerage per trade. Delivery trading is always ₹0 regardless of plan. This is the cheapest unlimited trading plan in India — TradeSmart's Infinity plan costs ₹3,999/month, and Shoonya charges ₹5/order even without a subscription. The breakeven point is 33+ orders/month: at 34 orders, the subscription saves money over the ₹15/order standard rate. For active day traders placing 20+ orders per day, the plan pays for itself in less than 2 trading days.
- You are a very active trader placing 35+ orders/month — ₹500/month unlimited plan delivers zero brokerage across intraday and F&O. No other broker offers unlimited trading at this price.
- You want ₹0 delivery + ₹15 standard F&O with ₹0 AMC — the combination of free delivery, lower-than-standard F&O pricing, and lifetime ₹0 AMC is competitive.
- You are an NRI and want an affordable entry — ₹2,000 opening + ₹300 AMC is accessible. PIS + NRO routes both supported.
- You need commodity F&O (MCX) alongside equity — available at 0.03% brokerage in the same account.
- Platform long-term stability is your priority — parent Dhani Services has pivoted to real estate. Zerodha, Angel One, or HDFC SKY are safer long-term bets.
- You want advanced order types — no GTT, no multi-leg orders, no basket or iceberg orders. TradeSmart or Zerodha are better.
- Customer support quality is critical — widely reported as slow. Look at Angel One or HDFC SKY for better support SLAs.
| Feature | Dhani Stocks | Zerodha | Shoonya | Angel One |
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| Delivery | ₹0 ✔ | ₹0 ✔ | ₹0 ✔ | ₹20 or 0.1% |
| Intraday/F&O | ₹15 ✔ | ₹20 | ₹5 ✔ Lowest | ₹20 or 0.25% |
| AMC | ₹0 ✔ | ₹300/yr | ₹0 ✔ | ₹0 yr1 |
| Unlimited plan | ₹500/mo ✔ Cheapest | None | None | None |
| Parent stability | ⚠ Real estate pivot | Broking-first ✔ | Broking-first ✔ | Broking-first ✔ |
Indiabulls Securities Ltd is SEBI-registered, a member of NSE, BSE, MCX, and CDSL DP. Your shares are held in your CDSL demat account, independent of Dhani Stocks' operations — if the broker were to shut down, your holdings remain safe and transferable to another broker. The regulatory compliance record is clean. The safety of your securities is not in question.
What warrants monitoring is platform continuity. Dhani Services Ltd (parent) has described real estate development as its primary business and broking as secondary. The parent's quarterly revenue from all operations (including broking) has been declining. If the parent decides to wind down or sell the broking business at some future date, it would trigger account migration rather than loss of holdings — but it would mean disruption. This is a risk that doesn't exist with dedicated broking companies.
On pricing, Dhani Stocks is hard to beat: ₹0 delivery, ₹15 F&O, ₹0 AMC, and the cheapest unlimited plan in India at ₹500/month. For active intraday and F&O traders who place 35+ orders/month, the ₹500 plan is genuinely the most cost-efficient option in the market today. The TradingView charts, PIB terminal, and NRI support add real value.
Overall: 3.2/5 — Recommended for very active traders who want the cheapest unlimited trading plan in India and are comfortable with a parent company whose primary focus has shifted to real estate. Not recommended for investors prioritising long-term platform stability or those who need advanced order types.
Free Equity Delivery Trading and Mutual Funds
- Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday & F&O +
- Brokerage-free Direct Mutual Fund investment +
- Trade with the best trading platform in India.
This is a limited-time offer. Open Instant Zerodha Account online and start trading today.
Frequently Asked Questions:
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1. Is Dhani Stocks a trustable stockbroker?
Dhani Stocks is a part of Indiabulls Group, one of the leading finance companies that deal in consumer finance, real estate, pharmaceuticals, and personal wealth. Dhani Stocks is listed on NSE and BSE, as well as registered with SEBI and CDSL. In addition, Dhani Stocks GDR (Global Depository Receipt) is listed on LSE (Luxembourg Stock Exchange). We have listed some of the reasons which give us reasons to believe that Dhani Stocks is Trustable :
- A registered discount broker with regulatory authority – SEBI.
- Dhani Stocks Limited was the first company to earn the highest broker quality grading of BQ-1 by CRISIL. The company was also assigned a strong credit rating of BWR A+ and BWR A1+ by Brickworks Ratings for its fund and non-fund-based facilities.
- Publicly listed broker on the BSE and NSE and GDR's listed on LSE.
- Less customer complaint ratio ((ranging from 0.08% to 0.15% for the last 5 years).
- Clientele base of 7 lakh+ customers.
- Trade with the best online trading platforms
- Discount broking arm of leading financial company, Indiabulls Group.
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2. How to open a Demat and Trading account with Dhani Stocks?
The user can easily open a Demat account with Dhani Stocks thru Dhani Mobile App quickly within a few minutes.
- On your Android or iOS smartphone, download Dhani Stocks from google play or the app store. (Dhani is the app name listed, and they have cards, medicines, stocks, credit, and payments in a single app)
- Select Finance and cards
- Enter the mobile number you wish to register with the Dhani Stocks
- Enter OTP you received
- Set password (minimum one alphabet and one numerical digit)
- Scroll Down and select "stocks."
- Enter your email id
- (Optional) Tick the square if you wish to get what's- app subscription
- Click on "Proceed"
- Fill up the form details — PAN card, date of birth, bank account number, bank IFSC Code, personal details, work details, trading experience, etc.
- Once you finish with the details fillings, you will find the payment page where you will be charged INR 300 — Demat Account Opening + INR 500 Unlimited Plan Amount + INR 90 (18% GST levied on INR 500). The total amount you will need to pay is INR 890 thru debit/credit card, UPI, or net banking.
- Once you have paid the amount, you will need to upload additional documentation — selfie, e-signature, financial proof. You need to verify the signature with the NSDL e-sign, and for an easy way, you can verify the details via Adhar card for the quick procedure.
- Once you are done with the process, Dhani Stocks will send you the login ID and password.
- You are ready to use your Dhani Stocks Demat account.
Please note: Currently, Dhani Stocks is offering online account opening through the Dhani Mobile app only.
An alternate option is to visit the branch office and get the Demat account opening procedure done.
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3. Can Dhani Stocks users apply for an IPO?
Yes. Dhani Stocks users can apply for IPOs through Dhani Stocks mobile app. The user needs to choose the IPO company, the number of lots that need to purchase, the bid amount, and pay the amount via UPI.
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4. Do Dhani Stocks offer investment in Mutual Funds?
Yes. Dhani Stocks offers investment in Mutual Funds. Currently, Dhani Stocks offers only Indiabulls Securities Mutual Funds to their users through SIP (monthly or quarterly) or lumpsum amount. There are nil charges for mutual fund account opening, AMC, brokerage, and commission. In addition, Dhani Stocks offers a Saral app on mobile and web platforms specially designed for mutual funds investors.
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5. What are the auto square-off timings in Dhani Stocks?
For all intraday orders, Dhani Stocks's auto square-off timings are at 03:10 PM.
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6. What are Dhani Stocks DP charges?
Dhani Stocks imposed DP (Depository Participant) charges per scrip of INR 13.50 + 18% GST, and the amount is directly debited from the Demat account. If you sell eight stocks or one stock of a particular scrip, the DP charges will be the same.
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7. What is a subscription plan in Dhani Stocks?
Dhani Stocks offers unlimited trading options to its users of INR 500 + 18% GST with zero brokerage on delivery and unlimited trading in equity, F&O, and currency.
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8. How much are brokerage charges in Dhani Stocks?
Dhani stocks charge zero brokerage on delivery and INR 15 per trade on F&O and intraday to its users. Dhani stocks also offer unlimited monthly trading plans on equity, F&O, and currency trading at the lowest monthly subscription fees of INR 500 + 18% GST. In addition, Dhani Stocks charge 0.03% brokerage for commodity F&O.
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9. Are Dhani Stocks suitable for beginners?
Dhani Stocks app is user-friendly and suitable for beginners and expert traders. they also provide free research services which will help beginners to understand the nuisance of the stock market.
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10. Do Dhani Stocks have an NRI account facility?
Yes. Dhani Stocks offers an NRI account facility to its users with the facility of 3-in-1 account opening — savings + trading + Demat account. Dhani Stocks offers NRIs Custodian Accounts for the trading in Equity Derivatives F&O. NRI traders can do trading and investments in stocks, mutual funds, and invest in IPOs.
Dhani Stocks charge 0.50% and 0.05% equity delivery and future brokerage for NRI traders. However, NRI traders will not be able to trade in currency, commodity, BTST, and intraday orders.
The NRI account opening fee is INR 2000 + INR 300 AMC.
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11. What is the trading software offered by Dhani Stocks?
Dhani stocks offer 3 trading software and tools and two additional software specially curated for mutual funds investors. Dhani Stocks trading software allows the users to trade in multiple stocks, read about the company's performance, manage their portfolios, MarketWatch list, and invest in IPOs. In addition, Dhani Stocks offers free-to-call and trade services to its users.
Dhani Stocks Stock Trading software:
- Dhani Stocks Web
- Dhani Stocks Mobile App
- Dhani Stocks PIB (Power India bulls)
Dhani Stocks Mutual Funds investments software:
- Saral Mobile App
- Saral Web Platform
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12. Are Indiabulls Securities and Dhani Stocks the same?
Yes, both are the same, Indiabulls Securities Limited has re-branded in 2020 as Dhani Stocks Limited
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13. How much brokerage does Dhani Stocks charge for Intraday and F&O?
Dhani Stocks offers free brokerage to its users for equity delivery and INR 15 for F&O and intraday orders
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