Dhan continues the run heading towards 9th position

[thisisbanerjee]

Came across this post on TradingQ&A. Dhan seems to gliding up and soon will overtake SBICAP. Why don’t you guys post these data on MadeForTrade?

Great job.

[PravinJ]

Thanks @thisisbanerjee for cheering us, not because we are amongst the top brokers; but because you push us to make Dhan better everyday.

We are in that list, not by choice. Our target users are only power / super-traders and long-term investors, which limits us to an market-size of TAM of just 25 Mn. Since our TAM is smaller, eventually we will drop off this list.

Rest all platforms target new users or traders, hence are able to add more users to its platform compared to us and will continue to. On Dhan, ~90% of our users have moved from other platforms to Dhan… it’s not a easy job + limited TAM. Which is why we keep saying this is incidental.

We love building tech driven products for traders & investors, we will keep doing that even if we are in this list or not

[thisisbanerjee]

@PravinJ

We love building tech driven products for traders & investors, we will keep doing that even if we are in this list or not

More power to you.

[Shally]

Thanks for the candid response! Loved it

[t7support]

The ranking is based on active clients at the exchange - clients who have done atleast one transaction in a year. So my sense is that Dhan will remain in the list and close in on the big boys.

[Saptarshi]

I personally feel that Dhan should be ranked 2nd or 3rd, considering its innovative features and the momentum it’s building. Here’s why:

1.Most bank-backed brokers rely heavily on their existing customers. For instance, when I visit an SBI branch, they often insist I open an account under SBI Broking for “special discounts” but till today I never opened for a single time. However, these brokers tend to have fewer active users despite their aggressive promotions for 3-in-1 accounts.

2. Angel One: This platform is great for traders. Features like one-year free AMC and the option to pay AMC only in trading months are highly practical.

3. Upstox: Another solid option for traders, with standout features like their tick-by-tick charts (TBT). Their referral program, offering ₹500 per referral, has also boosted their visibility through YouTubers and influencers.

4. Motilal Oswal: Their “Rise” platform is interesting. The ₹499 AMC fee with benefits like free Telegram tips and full access to Research 360 is a compelling offer for research-oriented investors.

5. Groww: Best known for its beginner-friendly UI. It’s the go-to platform for new investors, making investing easy to understand and navigate.

6. Zerodha: Once a market leader, it’s the only broker seeing a decline in client additions recently. Perhaps their appeal is waning due to a lack of significant innovation.

Now, coming to Dhan, I see immense potential here. The @Dhan team has a fire in its belly, constantly innovating and introducing new investor friendly features. Yes, the home page might feel cluttered with IPOs, commodities, futures, news, and indices all in one place. However, this is also an advantage for someone who wants everything at a glance.

Thanks to the @Dhan team for their continuous efforts. With their pace of innovation and focus on user experience, I’m confident they have a long way to go and a bright future.

[amitranj]

@PravinJ @thisisbanerjee @t7support
What i feel Dhan is doing good but not up to mark.
I can see several bugs in Dhan web and mobile platform.
Why can’t Dhan team can get this bug.

Dhan should pay more attention to their products. few issues are frustrating and some of them give wrong sense of price movement

I have shared around 4-5 of such bugs which i could see from last few months that no one took care of

List of Bugs in Dhan

@PravinJ @Rahul @Siyanka @JayK Here are list of bugs which i can see in Dhan from last Several months. I am ignoring that now since its been a long while and no one in Dhan fixed it here i am writing this post. Bug 1: [image] Once we are opening Option Trader on Dhan the strategy section keep on loading see the blur in the image (I have not done this) it take a long time or we have to switch to some other index then again come back like first go to banknifty tab and again come back to nifty…

[specter]

Congrats @PravinJ and @Dhan team. You people are the first across industry who are taking real inputs from the traders and building what we need. I’m sure this is just the beginning and there are more coming from the team going forward.

[PravinJ]

Hi @amitranj Our team has already responded to this thread and also is figuring out ways to optimise this. No feedback shared with us goes without being noticed and these are tracked internally by our teams

Please note that the ones highlighted are caused to to intermittent connectivity… first one is a lazy load plugin that waits till data is received. We make Dhan better based all all our interactions with our users, this has been with us from day 1 and continues to be.

[amitranj]

Thank you @PravinJ Dhan as a broker for order execution is really good. But, these small bugs should be captured by Testing team. I could understand you points.