Dhan vs M.stock – Compare Charges, Trading Features, Offers & more

Find a Comparison of Dhan vs M.stock here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Dhan and M.stock.

Background

Year of Incorporation 2011 1985
Website https://dhan.co/ https://www.mstock.com/
Phone 9987761000 1800-210-0818
Exchanges enabled BSE, NSE, MCX NSE, BSE, NFO, MCX & NCDEX
Demat (NSDL/CDSL) CDSL CDSL
Brokerage

Equity Rs 0 for Delivery & Rs 20 or 0.03% for Intraday Zero
Equity Futures Rs 20 or 0.03% per executed order Zero
Equity Options Rs 20 per executed order Zero
Currency Futures Rs 20 or 0.03% per executed order Zero
Currency Options Rs 20 per executed order Zero
Commodity Rs 20 per executed order Not Available
Account Opening Costs

Trading only Free Rs 999 for Lifetime
Trading & Demat Free Rs 999 for Lifetime
Commodity Rs 0 Not Available
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.00325% of Turnover 0.00325% of Turnover
Futures 0.0019% of Turnover 0.0019% of Turnover
Options 0.05% of Turnover 0.05% of Turnover
Commodities 0.05% of Turnover Not Available
AMC charge Rs 0 Rs 120 every quarter or Rs 999 Lifetime
DP Transaction Charge Rs 9 + GST Rs 12 per Transaction
Offline order placing Charge 0 Free
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 7 Days 5 Days
End of Day 5 Years 5 years
Coding/Backtesting  
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity 1x on Delivery & upto 5x on Intraday Upto 4x for Intraday & Upto 1x for Delivery
Equity Futures 1x Upto 1x for Intraday
Equity Options 1x Upto 1x
Currency Futures 1x Upto 1x
Currency Options 1x Upto 1x
Commodity 1x Not Available
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 42.31 Crores Rs 24.68 Crores
Profit after Tax FY12/13 Rs 79.41 Crores Rs 40.99 Crores
Profit after Tax FY13/14 Rs 56.67 Crores Rs 39.19 Crores
Profit after Tax FY 14/15 Rs 57.22 Crores Rs 36.00 Crores
Profit after Tax FY 15/16 Rs 82.85 Crores Rs 25.83 Crores
Profit after Tax FY 16/17 Rs 68.40 Crores Rs 44.82 Crores
Profit after Tax FY 17/18 Rs 72.18 Crores Rs 43.61 Crores
Profit after Tax FY 18/19 Rs 79.26 Crores Rs 44.66 Crores
Profit after Tax FY 19/20 Rs 88.01 Crores Rs 44.66 Crores
Profit after Tax FY 20/21 Rs 95 Crores Rs 36.63 Crores
Profit after Tax FY 21/22 Rs 91.43 Crores Rs 32.87 Crores
Profit after Tax FY 22/23 Rs 93 Crores Rs 39.18 Crores
Debt FY11/12 Rs 12.22 Lakhs Rs 70.61 Crores
Debt FY12/13 Rs 20.30 Lakhs Rs 68.69 Crores
Debt FY13/14 Rs 28.60 Lakhs Rs 67.59 Crores
Debt FY14/15 Rs 25.15 Lakhs Rs 95.48 Crores
Debt FY15/16 Rs 19.36 Lakhs Rs 105.86 Crores
Debt FY16/17 Rs 24.23 Lakhs Rs 112.54 Crores
Debt FY17/18 Rs 28.96 Lakhs Rs 95.70 Crores
Debt FY18/19 Rs 27.64 Lakhs Rs 115.70 Crores
Debt FY19/20 Rs 24.17 Lakhs Rs 120.00 Crores
Debt FY20/21 Rs 32.46 Lakhs Rs 131.84 Crores
Debt FY21/22 Rs 38.52 Lakhs Rs 148.71 Crores
Debt FY22/23 Rs 36.35 Lakhs Rs 156.05 Crores
Profit to Equity(%) FY11/12 20.13% 7.70
Profit to Equity(%) FY12/13 21.22% 7.68
Profit to Equity(%) FY13/14 20.51% 8.92
Profit to Equity(%) FY14/15 18.23% 8.79
Profit to Equity(%) FY15/16 18.75% 8.79
Profit to Equity(%) FY16/17 17.49% 10.41
Profit to Equity(%) FY17/18 17.54% 15.66
Profit to Equity(%) FY18/19 18.53% 14.77
Profit to Equity(%) FY19/20 18.09% 14.70
Profit to Equity(%) FY20/21 16.71% 18.22
Profit to Equity(%) FY21/22 20.30% 17.76
Profit to Equity(%) FY22/23 21.18% 19.13
Balance Sheet Size FY11/12 Rs 28,562.79 Crores Rs 918.34 Crores
Balance Sheet Size FY12/13 Rs 34,056.66 Crores Rs 999.30 Crores
Balance Sheet Size FY13/14 Rs 38,184.80 Crores Rs 1076.69 Crores
Balance Sheet Size FY14/15 Rs 41,932.39 Crores Rs 1116.18 Crores
Balance Sheet Size FY15/16 Rs 52,467.62 Crores Rs 1238.44 Crores
Balance Sheet Size FY16/17 Rs 74,976.32 Crores Rs 1275.93 Crores
Balance Sheet Size FY17/18 Rs 73,952.01 Crores Rs 1948.16 Crores
Balance Sheet Size FY18/19 Rs 80,997 Crores Rs 2225.87 Crores
Balance Sheet Size FY19/20 Rs 64,023 Crores Rs 2419.28 Crores
Balance Sheet Size FY20/21 Rs 86,951.55 Crores Rs 2621.79 Crores
Balance Sheet Size FY21/22 Rs 91,751.78 Crores Rs 2820.52 Crores
Balance Sheet Size FY22/23 Rs 95,994 Crores Rs 3029.25 Crores

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Frequently Asked Questions

Is Dhan better than M.stock ?

Dhan and M.stock are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is M.stock better than Dhan ?

Dhan and M.stock are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Dhan cheaper than M.stock ?

Dhan and M.stock are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is M.stock cheaper than Dhan ?

Dhan and M.stock are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Dhan vs. M.stock ?

To find out the better of the two stockbrokers Dhan and M.stock, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.