dhan vs. mstock

To choose between the two trading platforms, you must understand the Dhan vs. mStock factors. This Dhan vs. mStock comparison will explain the various aspects of these two stock brokers, such as charges, trading applications, support, pros, and cons, to provide you with clarity. 

Dhan vs. mStock: Company Overview

Dhan is a Mumbai-based discount broker which began its journey in 2021. The trading and investing platform is SEBI registered and offers various products for investing and trading, such as Equity, IPO, Mutual Fund, Futures and Options, Commodity, and Currency trading. Dhan is known for its innovative trading tools and excellent customer support. 

dhan vs. mstock

mStock by Mirae Asset was launched in 2022 and is a zero-brokerage platform. The investment and trading platform has different financial offerings comprising Equity, Mutual Funds, IPOs, Commodities, Currency, and Derivatives. The service broker has reliable trading applications and support.

dhan vs. mstock

Dhan vs. mStock: Charges

Dhan has no account opening charges; the platform doesn't change Annual Maintenance Charges. It makes Dhan affordable and has helped it attract more and more people to explore its platform since its inception. 

dhan vs. mstock

Being a discount broker, Dhan keeps its brokerage charges really low and here are the brokerage charges in Dhan:

  • ₹0 brokerage charges on Equity Delivery
  •  ₹20 or 0.03% of trade value, whichever is lower on Equity Intraday brokerage charges:
  •  ₹20 or 0.03% of trade value, whichever is lower on Futures (All segments) 
  • ₹20 per executed order on Options (All segments)

mStock is both a discount broker and a zero brokerage broker. When opening a demat and trading account with mStock, you usually have to pay ₹149 in demat account opening charges. The platform charges ₹480 per year as an annual maintenance fee. 

You can pay these charges and continue using its discount broking model. However, if you want, you can opt for mStock's zero brokerage model by paying a one-time account opening fee of ₹999 and an additional fee of ₹999 to enjoy a free lifetime AMC.

dhan vs. mstock

mStock has two brokerage plans and here is the mStock's brokerage structure:

Plan ₹999: ₹0 brokerage charges for all segments

Plan ₹149: 

  • Delivery, Mutual Funds, IPO: ₹0 brokerage charges
  • Intraday, F&O, and Currency: ₹20 per executed order

Dhan vs. mStock: Customer Support

Dhan has a dedicated customer support team that does a great job of helping its users through live chat, tickets, and phone support. mStock offers technical support via phone and email. The fact that Dhan provides live chat support can make a huge difference for many traders, giving it an edge over mStock.

Dhan vs. mStock: Pros and Cons

Dhan Pros and Cons

No demat account opening charge
Dhan mobile app logs out suddenly
No annual maintenance charges
No brokerage charges on Equity Delivery
Excellent web application for trading
Dedicated web and mobile applications for Options trading
Advanced charting tools: Tradingview and ChartIQ
Integration with external Tradingview account
Multiple order types
Dedicated customer support team

mStock Pros and Cons

Nominal account opening charges
No live chat support
Zero brokerage plan 
Option for Lifetime AMC free 
No brokerage fee on Delivery
Excellent trading apps for web and mobile
Tradingview charting tools
Advanced order types like GTT and Bracket order
Reliable customer support

You may also like to read Dhan vs. Paytm Money


So, those were a few important Dhan vs. mStock points that you must remember while choosing between the two. As you have read in this post, Dhan has a lot of advanced features.

However, a lot depends on your trading requirements. Hence, you need to consider your trading requirements and then see which offers the best features for your trading needs.

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