Bitcoin and other cryptocurrencies are currently not permitted under the regulated GIFT City / IFSCA framework through which we offer US Stocks. As a result, investments in crypto-linked instruments, including Bitcoin and other cryptocurrency ETFs, are not supported and are not available for investing on the platform.
US dividend taxes are withheld at source as per applicable regulations. To simplify tax filing, we plan to provide relevant reports and statements that can help during ITR filing. We are also evaluating ways to make the overall tax reporting experience more seamless over time.
The rollout is currently being done in phases, and we expect it to be available to all eligible users by the end of this week.
For fund transfers, all charges from Dhan’s side are displayed transparently in the flow. Some banks may levy their own remittance or processing charges, which are outside Dhan’s control. We have worked with select banks to reduce or waive such charges for Dhan users and will continue expanding these arrangements.
Glad to hear you’re considering Dhan for your US investing journey, and we look forward to having you onboard.
API support for US Stocks is planned and should be available by next month.
Same-day buy and sell transactions are supported for US Stocks. However, investments are made on a fully funded basis, and margin trading is not available.
Pre-market and post-market trading are not available at present. We will evaluate introducing extended-hours trading in the future.
If US Stocks is not yet visible in your account, the rollout is currently underway, and we expect it to be available to all eligible users by the end of this week.
Technically, it looks like this should be possible since leveraged ETFs are supported (as mentioned in the recent Reddit AMA).
So if I want to take exposure to Nasdaq (via QQQ):
Long → use TQQQ
Short → use SQQQ
This effectively allows directional exposure using leveraged ETFs instead of derivatives.
Would be great if the team @MahimaShah can confirm if this is indeed the official stance on leveraged ETF support on Dhan, and whether there are any restrictions (like ETF eligibility etc.).
Currently, trading in US Stocks is available only during US market hours. If the markets are closed, you can place an AMO, which will be sent for execution once the market opens.