m.Stock vs Dhan – Compare Charges, Trading Features, Offers & more

Find a Comparison of m.Stock vs Dhan 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 m.Stock and Dhan.

Background

Year of Incorporation 2022 2011
Website https://www.mstock.com/ https://dhan.co/
Phone 1800-2100-818 9987761000
Exchanges enabled NSE, BSE BSE, NSE, MCX
Demat (NSDL/CDSL) CDSL CDSL
Brokerage

Equity Rs 0 for Delivery Rs 0 for Delivery & Rs 20 or 0.03% for Intraday
Equity Futures Rs 5 per Order Rs 20 or 0.03% per executed order
Equity Options Rs 5 per Order Rs 20 per executed order
Currency Futures Rs 5 per Order Rs 20 or 0.03% per executed order
Currency Options Rs 5 per Order Rs 20 per executed order
Commodity Not Available Rs 20 per executed order
Account Opening Costs

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

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

Equity NSE: 0.00297% | BSE: 0.00375% 0.00325% of Turnover
Futures NSE: 0.00173% | BSE: 0 0.0019% of Turnover
Options NSE: 0.03503% (on premium) | BSE: 0.0325% (on premium) 0.05% of Turnover
Commodities Not Available 0.05% of Turnover
AMC charge Rs 0 Rs 0
DP Transaction Charge Rs 18 per debit transaction + GST Rs 9 + GST
Offline order placing Charge Free 0
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 5 Years 7 Days
End of Day BSE: 2002 onwards NSE: 2004 onwards 5 Years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Up to 4x intraday (25%)& up to 5x MTF (20%) 1x on Delivery & upto 5x on Intraday
Equity Futures Up to 1x (100% (SPAN + Exposure) margin) 1x
Equity Options Buying no leverage, Shorting 1x (100% (SPAN + Exposure) margin 1x
Currency Futures Not Available 1x
Currency Options Not Available 1x
Commodity Not Available 1x
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 N/A Rs 42.31 Crores
Profit after Tax FY12/13 N/A Rs 79.41 Crores
Profit after Tax FY13/14 N/A Rs 56.67 Crores
Profit after Tax FY 14/15 N/A Rs 57.22 Crores
Profit after Tax FY 15/16 N/A Rs 82.85 Crores
Profit after Tax FY 16/17 N/A Rs 68.40 Crores
Profit after Tax FY 17/18 N/A Rs 72.18 Crores
Profit after Tax FY 18/19 N/A Rs 79.26 Crores
Profit after Tax FY 19/20 N/A Rs 88.01 Crores
Profit after Tax FY 20/21 N/A Rs 95 Crores
Profit after Tax FY 21/22 N/A Rs 91.43 Crores
Profit after Tax FY 22/23 N/A Rs 93 Crores
Debt FY11/12 N/A Rs 12.22 Lakhs
Debt FY12/13 N/A Rs 20.30 Lakhs
Debt FY13/14 N/A Rs 28.60 Lakhs
Debt FY14/15 N/A Rs 25.15 Lakhs
Debt FY15/16 N/A Rs 19.36 Lakhs
Debt FY16/17 N/A Rs 24.23 Lakhs
Debt FY17/18 N/A Rs 28.96 Lakhs
Debt FY18/19 N/A Rs 27.64 Lakhs
Debt FY19/20 N/A Rs 24.17 Lakhs
Debt FY20/21 N/A Rs 32.46 Lakhs
Debt FY21/22 N/A Rs 38.52 Lakhs
Debt FY22/23 N/A Rs 36.35 Lakhs
Profit to Equity(%) FY11/12 N/A 20.13%
Profit to Equity(%) FY12/13 N/A 21.22%
Profit to Equity(%) FY13/14 N/A 20.51%
Profit to Equity(%) FY14/15 N/A 18.23%
Profit to Equity(%) FY15/16 N/A 18.75%
Profit to Equity(%) FY16/17 N/A 17.49%
Profit to Equity(%) FY17/18 N/A 17.54%
Profit to Equity(%) FY18/19 N/A 18.53%
Profit to Equity(%) FY19/20 N/A 18.09%
Profit to Equity(%) FY20/21 N/A 16.71%
Profit to Equity(%) FY21/22 N/A 20.30%
Profit to Equity(%) FY22/23 N/A 21.18%
Balance Sheet Size FY11/12 N/A Rs 28,562.79 Crores
Balance Sheet Size FY12/13 N/A Rs 34,056.66 Crores
Balance Sheet Size FY13/14 N/A Rs 38,184.80 Crores
Balance Sheet Size FY14/15 N/A Rs 41,932.39 Crores
Balance Sheet Size FY15/16 N/A Rs 52,467.62 Crores
Balance Sheet Size FY16/17 N/A Rs 74,976.32 Crores
Balance Sheet Size FY17/18 N/A Rs 73,952.01 Crores
Balance Sheet Size FY18/19 N/A Rs 80,997 Crores
Balance Sheet Size FY19/20 N/A Rs 64,023 Crores
Balance Sheet Size FY20/21 N/A Rs 86,951.55 Crores
Balance Sheet Size FY21/22 N/A Rs 91,751.78 Crores
Balance Sheet Size FY22/23 N/A Rs 93,994 Crores

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Frequently Asked Questions

Which is better, m.Stock or Dhan?

m.Stock Securities and Dhan are both discount broker companies. Thus, to determine which is a better stockbroker, we need to examine details such as brokerage charges, account opening fees, trading platforms, and more.

Do m.Stock and Dhan offer mobile trading apps?

Yes, both m.Stock Securities and Dhan provide mobile trading apps for better user interface and seamless trading experience.

What are the account opening charges for Dhan and m.Stock?

The account opening charges by brokers m.Stock and Dhan for both trading and demat are zero. Charges may vary, kindly read the above comparison.

Which broker has a better reputation for reliability?

Both m.Stock and Dhan are SEBI-registered brokers with good reputations. m.Stock is known for its trading platforms, while Dhan is praised for cost-effective pricing.

Do both brokers provide margin trading facilities?

Yes, both m.Stock and Dhan offer margin trading facilities. However, terms, interest rates, and leverage limits vary, so reviewing their policies is essential.