DPL Online
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DPL Online is a discount broker and is the trading arm of Divya Portfolio private limited. Based out of Faridabad, Haryana – DPL Online was launched in 2005 by three co-founders. It is known for its various charting tools that can help clients to perform technical analysis vastly.
DPL Online Review
It also allows integrating trading platforms with 3rd party platforms such as – Ami Broker, Ninja Trader and Meta Trader.
With its membership of BSE, NSE and MCX-SX – it allows its clients to trade across multiple segments such as:
- Equity
- Currency
- Depository
- IPO
- Mutual Funds
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DPL Online Trading Platforms
DPL Online provides NEST, NSE Now and BOLT Trading platforms to its clients.
NEST
NEST is a terminal based trading platform built by Omnesys. The software needs to be downloaded and installed from the DPL Online’s website.
With some customization post agreement with the broker, NEST comes loaded with the following features:
- Order placement
- Historical, Intraday charting with comparison feature
- Market watch
- Heatmaps
- Alerts and notifications based on percentage or value increase/decrease in price
Here is the trading demo of the application:
NSE Now
NSE Now is a web-based browser driven trading platform that can be accessed from anywhere. Since this is an NSE developed trading platform, it is widely provided by multiple stockbrokers across the industry. DPL Online too uses the same provision and provides the following features to its clients:
- Smart Order Routing
- Historical and real-time intraday charts
- Market trends, top gainers, losers
DPL Online Customer Care
The discount stockbroker provides the following channels of communication to its client to get in touch with it:
- Phone
- Web-form
- Web-Chat
- Offline Branches in Faridabad, Mumbai, Delhi & Kolkata
The overall communication quality, as well as turnaround time, is pretty good especially thinking from the discount stockbroking perspective. Furthermore, the executive team seems to have a decent understanding of the stock market know-how.
In a sense, you can certainly rely on the customer support of this discount brokerage firm as far as getting resolutions to your concerns is concerned.
DPL Online Charges
Let’s take a quick look at the Account Opening and maintenance charges levied by this stockbroker:
Demat Account opening charges | ₹0 |
Trading Account opening charges | ₹0 |
Demat Account Annual Maintenance Charges | ₹555 for lifetime |
Trading Account Annual Maintenance Charges | ₹0 |
DPL Online Brokerage
There are different brokerage plans by DPL Online. Depending on whether you are looking for brokerage at:
- Order level
- Fixed Monthly charges irrespective of the number of orders or trading value
- Fixed Yearly charges irrespective of the number of orders or trading value
- Fixed Lifetime charges irrespective of the number of orders or trading value
Here are the brokerage details at Order level:
Equity Delivery | 0.1% or ₹9 per order (whichever is lower) |
Equity Intraday | 0.01% or ₹9 per order (whichever is lower) |
Equity Futures | 0.01% or ₹9 per order (whichever is lower) |
Equity Options | 0.01% or ₹9 per order (whichever is lower) |
Currency Futures | 0.01% or ₹9 per order (whichever is lower) |
Currency Options | 0.01% or ₹9 per order (whichever is lower) |
Talking about fixed period charges, here are the details:
Duration | Fixed Charge |
Month | ₹999 |
Year | ₹5555 |
Lifetime | ₹9999 |
DPL Online Transaction Charges
Apart from the account opening charges, AMC and brokerage, transaction charges are also levied on the client as follows:
Equity (Cash & Delivery) | 0.00325% |
Equity Futures | 0.0020% |
Equity Options | 0.053%(on Premium) |
Currency Futures | 0.00125% |
Currency Options | 0.0435%(on Premium) |
Dial & Trade | ₹20 per executed order |
Disadvantages of DPL Online
If you go ahead with DPL Online, here are some of the concerns you might end up facing:
- Limited range of trading segments
- Low innovation in trading platforms
Advantages of DPL Online
Here are some of the positives of using the services of this discount stockbroker:
- Neat pricing with segregated brokerage plans
- Third party integration of trading platform with technical analysis tools.
- Reasonable customer support.
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