Indiabulls Securities review
Independent review of Indiabulls Securities — brokerage, app, account opening, customer support and the kind of investor it actually fits. Indiabulls Securities Limited (formerly Dhani Stocks Limited) offers equity, derivatives, commodity and currency trading, IPO investments and mutual fund distribution.
Verdict
Self-directed traders and investors looking for brokerage capped at ₹11 per executed order across the broker’s supported trading segments.
Brokerage at a glance
Headline brokerage on the default Indiabulls Securities ₹11 cap plan. On top of brokerage you also pay STT, exchange transaction charges, SEBI fee, stamp duty, GST and DP charges — see full charges for the breakdown.
About Indiabulls Securities
Indiabulls Securities Limited (formerly Dhani Stocks Limited) offers equity, derivatives, commodity and currency trading, IPO investments and mutual fund distribution. Its published brokerage is the lower of 2.5% or ₹11 per executed order.
The Indiabulls Securities trading app
- Equity, F&O, commodity, IPO and regular mutual fund investing
- Charts with technical indicators and real-time market data
- Custom watchlists across asset classes
- Option chain views with Greeks and order placement
- Stop-loss, GTT, cover and bracket order types
- Paperless account opening and biometric login with two-factor authentication
Opening an Indiabulls Securities account
Account opening is fully online for Indian residents. Keep your PAN, Aadhaar (with mobile linked for OTP), a bank cancelled cheque or statement, a passport-size photo and a signature on white paper handy. Aadhaar e-KYC, in-person video verification and e-sign typically take 1–3 working days end-to-end. Start at indiabullssecurities.com.
Customer support
Indiabulls Securities support is available monday to friday, 9:00 am to 6:00 pm, excluding trading holidays. For complete contact details, the four-level SEBI escalation path (broker desk → compliance officer → SCORES → SMART ODR), and what to have ready before escalating, see the Indiabulls Securities customer care page.
Pros and cons
How we judge this: these pros and cons are drawn from Indiabulls Securities’s published charges and platform features, its app-store ratings — cross-checked against its SEBI registration and NSE / BSE membership. They are our editorial assessment, not a sponsored placement, and not financial advice.
What users say about Indiabulls Securities
Paraphrased themes from public app-store reviews and forums — these are users’ opinions, not our testing, and not financial advice. Sampled 2026-10-10.
- Requests for more portfolio sorting options, such as 1-day returns, which users say the previous app showed on the dashboard
- Some users report occasional login and redirect issues, and chart settings and custom columns that do not sync between the app and web
- Users note some details now take extra taps, such as quantities on the options positions screen
Alternatives to Indiabulls Securities
By active client count, Indiabulls Securities is the #30 largest of 40 retail brokers on the NSE (as of 2026-09-30). If you're weighing it against the field, these are the brokers people most often compare it with:
See the full ranked list of every retail broker in India on the stock brokers in India page, or compare exact landed cost on a typical trade with the brokerage calculator — switch brokers in the dropdown without leaving the page.
Frequently asked
What people ask about Indiabulls Securities.
Indiabulls Securities is SEBI-registered and holds NSE / BSE membership, so it meets the regulatory bar every Indian broker must clear. Whether it is a good fit depends on what you trade. Self-directed traders and investors looking for brokerage capped at ₹11 per executed order across the broker’s supported trading segments.
Equity delivery is ₹11 / 2.5%. Equity intraday is ₹11 / 2.5%. Equity options is ₹11 / 2.5%. On top of brokerage you pay STT, exchange transaction charges, SEBI fee, stamp duty, GST and DP charges. The brokerage calculator on this site shows the all-in landed cost for a sample trade.
Indiabulls Securities is registered with SEBI and a trading member of NSE / BSE. Demat accounts are held with CDSL or NSDL — the broker does not hold your shares, the depository does. Funds are held in a SEBI-regulated client bank account separate from the broker's own funds. The risk to investors from broker failure is limited; the larger risk to manage is account fraud via phishing and OTP sharing.
Equity, F&O, commodity, IPO and regular mutual fund investing. Charts with technical indicators and real-time market data. For a full feature list and download links see the Indiabulls Securities app page.
Account opening is fully online for Indian residents. You need PAN, Aadhaar (with mobile linked for OTP), a bank cancelled cheque or statement, a passport-size photo and a signature on white paper. Aadhaar e-KYC, in-person video verification and e-sign typically take 1–3 working days. Apply via https://indiabullssecurities.com.
Discount brokers comparable to Indiabulls Securities include Zerodha, Groww, Upstox, Dhan and Angel One. Full-service alternatives include ICICI Direct, HDFC Securities, Kotak Securities and Sharekhan. Compare brokerage rates side-by-side on the brokerage calculator before switching.