Dhani Stocks launches zero brokerage on equities and derivatives

Rick Steves

The revamped app is expected to dramatically improve user experience by offering one-click trade execution, real-time quotes, in-depth stock analysis, customizable watchlists, and one-click IPO investments.

India-based Dhani Stocks Limited has launched a modern trading platform offering commission-free trading across all segments including equities, futures, options, intra-day and delivery.

Dhani Stocks will be part of the Dhani App with a single click login functionality, announced the firm formerly known as Indiabulls Securities Limited.

Less is more

The mobile app simplifies the trading experience by focusing on the most usefull features and tolls while minimizing clutter, under the motto “less is more”.

The revamped app is expected to dramatically improve user experience by offering one-click trade execution, real-time quotes, in-depth stock analysis, customizable watchlists, and one-click IPO investments.

Divyesh Shah, Chief Executive Officer at Dhani Stocks Limited, said: “We believe that less is more, when we started revamping Dhani Stocks – we wanted to only solve for – Making Trading Simpler.

“It’s just the beginning and we are working towards offering a unified experience across mobile, web & app. We want to reach out to the heartland of India and make Dhani Stocks their preferred trading platform. ”

Raise unveiled multi-asset trading platform, Dhan

The news follows Raise’s recent announcement, the launch of multi asset trading platform, Dhan.

Not to be confused with Dhani, Raise’s Dhan aims to conquer Indian investors’ hearts as it plans to expand its offering include HNIs, insurance, payments, mutual funds, lending, and card products.

Raise Financial Services has recently raised $22 million in a Series A funding round, of which $15 million will be used to fuel the development and expansion of its trading platform, Dhan.

Founded by former Paytm Money CEO Pravin Jadhav in January 2021, Raise owns and manages Dhan, a stock trading platform that competes with the likes of Groww, Zerodha, and Upstox.

In August 2021, Raise acquired Mumbai-based stockbroking firm and SEBI-registered company, Moneylicious Securities, which resulted in Raise securing the required licenses to become an integrated online stock broker offering trading on all exchanges (BSE, NSE, MCX).

Raise is using the acquired authorizations to set up Dhan as a multi asset trading platform with an offering that spans across all segments: equity, exchange-traded funds, futures, options, currencies, and commodities.

In December 2021, Dhan partnered with US-based charting platform TradingView to allow users to trade directly through charts in equity, options and futures for indices equity, commodity and FX.

The $15 million investment will boost Dhan’s product, engineering, operations and customer experience teams as well as expand the product range to include financing, insurance, investments, payments, and wealth management.

 

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