Dhani Stocks Trading

Despite being one of the up and coming discount stockbrokers in India, you will find traders raving about the excellent Dhani Stocks trading experience.

So, what are Dhani Stocks all about? How come they have managed to make a name for themselves in such a short period of time?

Well, if it isn’t obvious, the plain and simple answer is their persistent efforts for providing excellent trading services to their clients.

Their trading services are made up of various aspects including – trading account facility, trading charges, trading platforms, etc. 

One of the biggest charms of opening a Dhani Stocks Demat account. Though, it is the opportunity to invest in a vast range of financial instruments, such as equity, derivatives, currency, commodity, etc. 

Traders can then trade in the above listed financial products through the next-gen trading platforms developed by the broker.

The platforms make it possible for traders to transact on the stock market from just about anytime, anywhere. 

In this article, we’ll be looking at all these factors in a much more detailed fashion. So, without wasting another second, let’s get down to learning more about Dhani Stocks trading.

Dhani Stocks Trading Review

Dhani Stocks, previously known as Indiabulls Ventures was established in 2000, is a part of the Indiabulls Group that caters to over 7 Lakh customers. The same trend has been seen in the stockbroking house as well. 

Earlier, the broker was a full-service stockbroker but recently made the shift into discount broking to cater to a larger audience. Since then, the discount broker has grown with time in terms of trust among investors and traders alike.

Their long and ever-increasing customer list now consists of 40,357 active customers as suggested by the latest NSE reports.

The broker is registered with SEBI and having a Demat account with the broker allows traders the opportunity to trade in stocks listed on NSE and BSE.

Further, the broker also allows commodity trading since it is a member of MCX, NCDEX commodity exchanges. 

The Dhani Stocks brokerage charges are pretty much as per industry standards. However, what truly sets Dhani Stocks Trading apart is their annual subscription plans that decide the brokerage charges that are to be paid by a customer. 

The customer simply has to pay a subscription fee upfront and the trader gets to trade in equity, derivatives, currency products.

It is truly hard to classify the broker in a specific category. This is down to the fact that despite being a discount broker, Dhani Stocks provides a research facility for equity trading which is somewhat unheard of before. 

Talking of which Dhani Stocks Research facility is as good as it comes in terms of quality. 

From trading platforms to brokerages to the leverage facility, we will be taking up all the above-mentioned factors in this Dhani Stocks trading review.

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Dhani Stocks Trading Online

The digitization of trading has eased the life of the modern trader who can trade anywhere, anytime as per their wish using trading platforms provided by the stockbroker.

The facility of online trading tools such as trading platforms, brokerage calculators, etc, makes Dhani Stocks trading online a hassle-free process. The trading platforms are available across smartphones, the web, and computers. 

Back in the day, traders had to purchase stocks physically from the stock exchanges but with the growing advancement in digitization, brokers have come forward with advanced trading platforms, that help them in executing trade without any hassle. 

In such a scenario, the availability of such trading tools offers traders the luxury of carrying out trade from the comfort of their homes.

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Dhani Stocks Trading Account

Since the broker offers the 2 in 1 account opening facility. Traders can open a Dhani Stocks trading account along with the Demat account. 

If you opt to open a Trading Account with the broker, you will have to pay ₹300 as the account opening charges. However, the broker doesn’t charge any annual maintenance charges from its customers to avail the trading account service. 

 

The process of setting up a trading account with the broker requires the trader to submit a few documents. As per the broker’s official website, the list of documents required in the registration process include:

• PAN Card
• Identity proof
• Address proof
• Income Proof 
• Passport size photographs

Having a Dhani Stocks Trading account allows traders to carry out trade in stocks listed on NSE, BSE stock exchanges. Not only stocks, but you can also trade-in equity, derivatives, currency, commodity as well.

Further, the facility of Call and Trade for absolutely free of charge is a novel and unique feature.

This will certainly sound appealing to many traders who for some reason or the other can’t transact on their own through trading platforms.

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Dhani Stocks Trading Platform

The digitization of trading has seen the number of order placements on the stock market increase manifolds. This is partly due to trading platforms offered by various stockbrokers. 

Similarly, Dhani Stocks trading platforms facilitate traders in their trading endeavors. The broker offers trading platforms that can be accessed from web, mobile, desktop. 

These trading platforms literally have done a whole world of good to modern traders. Anyone who has been in the trading world for long will know the value of every minute, every second even.

Trading opportunities come and pass by just as easily, and you need to act quickly when an opportunity arrives in order to make profits. So, in such a scenario, these trading platforms become all the more important for traders. 

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Dhani Stocks Trading Mobile App

The first on the list of trading platforms offered by the broker is the Dhani Stocks Trading Mobile app. The broker has a mobile trading app by the name of Dhani Stocks App.

The app is available for Android-based smartphones as well as iOS. Android users can download the mobile app for free from Google Play Store. Likewise, iOS users can head to the App Store to download the Dhani Stocks app for free. 

Once the app is installed, all you need to understand is the Dhani Stocks Login process.

The app, powered with the latest technology ensures a superior online trading experience and swift order execution which is of utmost importance to intraday traders in particular. 

Dhani Stocks trading mobile app comes with a host of features to help traders execute seamless and quick transactions on the stock market. Some of which include :

1. Market News – The app provides traders with the latest stock market news, data to keep them updated with all the latest events related to the market. In such a risky environment as the stock market, one just cannot commit the mistake of neglecting news that can have an impact on the market.
2. User Friendly – The mobile app is fairly easy to use and the user-friendly interface is free from any complications. Usability of the app is one aspect that is often neglected while designing trading apps, but that’s not an issue here. This makes it one of the best trading apps in India. 
3. Watch List – The facility of watch lists helps traders keep a track of multiple stocks at the same time. Traders can add stocks from various sectors, various scrips to the watchlists and analyze them simultaneously.
4. Live Price Quotes – Another feature of the Dhani Stocks mobile trading app is that traders can get price quotes on stocks in real-time. Traders can glance at the live price quotes of trending stocks, top gainers, top movers, etc., and strategize their trade accordingly.
5. Trading Ideas – Traders are provided with trading, investment ideas, tips to help traders make better trading decisions. The research team provides tips, recommendations for various assets, sectors, individual stocks, etc. to ensure traders get to make profits on their trading. 

Here, we have attached some screenshots of the mobile app for reference. This is what the Android app looks like :

 

Here are the screenshots for the iOS version of the mobile trading app:

 

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Dhani Stocks Trading Web Platform

As the broker doesn’t have an iOS-based mobile trading app, such traders can access the Dhani Stocks trading web platform. The broker’s web-based trading platform is named Dhani Stocks Web.

The web-based platform can be accessed from any mobile or desktop browser. The web portal offers swift trade transactions across all financial segments, thus ensuring that traders don’t miss out on any opportunity. 

The web portal offers pretty much the same features as the mobile app. However, there are some additional features such as :

1. Customer Service – Traders can contact customer service to get any of their queries resolved at the earliest. Broker’s customer support team does a fine job of getting in touch with the trader and addressing them.
2. Research and Recommendations – The broker extends to research and recommendations to help traders in making the right trading or investment decision. The research tips generated by the experts are provided across various sectors and various segments of the stock market.
3. Advanced Technology – Dhani Stocks Trading web platform is powered with the latest technology which makes it better in terms of reliability, accuracy, faster transactions, and a number of new features to facilitate seamless trading.
4. Stock Quotes – The web portal comes with the facility of a live streaming feed of stock quotes. Thus helping traders keep a close look on trending stocks.
5. Market Data – Traders get access to live market news, market stats, stock price movements all at the same time.

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Dhani Stocks Trading Desktop Terminal 

Dhani Stocks PIB (Power Indiabulls) is the desktop trading platform by the discount broker. Traders can download the Dhani Stocks Trading terminal from the broker’s official website, and install it on their PC. 

The desktop terminal is free to download and is available for both Windows OS and Mac. Before installing the software, traders can also check the system requirements.

The software has a plethora of features such as :

1. One for All – Dhani Stocks trader terminal is a one-stop solution for all the trading needs. Traders can use this platform to carry out trade in all segments, be it intraday, long term across financial securities such as F&O, currency, commodities, equities, etc.
2. User Interface – The platform has a stylish yet simplified user interface, which is a blessing for aged traders whose sole requirement is that of simplicity in a trading platform. The platform is easy to navigate through and won’t cause traders any trouble.
3. Live Streaming Quotes – Traders can check live streaming quote prices of stocks from multiple sectors listed on various global exchanges, all at just a glance.
4. Global Indices – Consider this a continuation of the above feature, traders can keep a check of global indices such as Hangseng, Dow Jones, FTSE, Nikkei, etc through the desktop trading terminal. 
5. Market Data and Statistics – Traders can easily access vital market data such as top gainers or top losers, most bought, most sold, trending stocks, etc.
6. Online IPO Feature – Traders can trade in the primary market through this feature. This feature makes it possible for traders to participate in IPOs. Plus, the platform keeps track of all the current and upcoming IPOs.

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Dhani Stocks Charges 

When traders and investors are on the lookout for a stockbroker to open a Demat account or trading account. One of the first things they consider is the Trading or brokerage charges.

The traders look to get the best brokerage rates possible. 

And, sighting the same trend, the broker looks to offer competitive brokerages. Truly, Dhani Stocks Trading charges are one of the best brokerages available in the entirety of the stock market industry.

You can refer to the below table for further details: 

 

As can be seen from the above table, the broker charges 0.02% for equity trading for both delivery as well as futures and options. These rates certainly are among the best as per industry standards. 

Further, the brokerage charged for currency derivatives and commodity trading can be considered just a bit expensive when compared with other discount stock brokers. 

The fact that they offer a call and trade facility can be counted as a positive for the broker, however, they charge Rs 25 for placing trades through the facility.

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Dhani Stocks Trading Margin

The facility of margin is of great aid to traders, especially day traders who lack the necessary funds to purchase stocks. Traders having a Demat account with the broker can avail Dhani Stocks margin facility.

The broker offers the margin facility for traders who are willing to trade in the financial products listed below : 

• Equity 
• Commodity
• Currency 

Further, Dhani Stocks Trading margin is available for both intraday trading as well as delivery trading. Making sure that they cater to both short-term traders and long-term investors. 

Well, it has been seen that the leverage facility is availed majorly by the intraday traders, who look to make money in a short span of time. Margin allows traders to maximize the profit potential of a trade.

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Conclusion

Few stockbrokers have had an impact in such a short span of time as Dhani Stocks. The broker previously has been in the industry by the name of Indiabulls Ventures. 

Back then it started off as a full-service stockbroker, but the following suit to many of its counterparts, it too has shifted to discount broking.

Subsequently, the broker has seen a significant rise in people who want to avail their excellent trading services.

The broker has their huge list of exciting features such as the latest technology trading platforms, low brokerage charges to thank for people terming Dhani Stock Trading experience to be exceptional.

The fact that the discount broker is a member of NSE, BSE, and commodity exchanges – NCDEX, MCX, counts among the advantages of opening a Dhani Stocks demat account. 

The broker has online trading platforms that can be accessed from the mobile, web, and desktop or laptop and help traders place trades, keep a track of their transactions, stay updated with all the latest market news.

The facilities such as margin trading, low brokerages, trading platforms combine to make trading with Dhani Stocks a comfortable and seamless process.

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