Indiabulls Securities review
Independent review of Indiabulls Securities — brokerage, app, account opening, customer support and the kind of investor it actually fits. Indiabulls Securities (also operating as Dhani Stocks; same SEBI license, same rates) offers a flat ₹11-per-order plan across all segments, plus an Unlimited subscription at ₹500/month for zero brokerage on equity, F&O, and currency..
Verdict
Cost-conscious DIY traders and investors who want low flat per-order pricing across equity, F&O, currency and commodity on a standalone (non-bank) account.
Brokerage at a glance
Headline brokerage on the default Indiabulls Securities flat ₹11 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 (also operating as Dhani Stocks; same SEBI license, same rates) offers a flat ₹11-per-order plan across all segments, plus an Unlimited subscription at ₹500/month for zero brokerage on equity, F&O, and currency.
The Indiabulls Securities trading app
- Trade and invest in equity, F&O, intraday, IPO and mutual funds in one app
- Open a free Demat and trading account online (paperless onboarding)
- Margin Trading Facility (MTF) for leveraged positions
- Real-time market data and stock price quotes
- Charts with technical indicators and market analysis
- Multiple customizable watchlists
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 www.ibullssecurities.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 2026-06-14.
- Real-time price quotes and advanced real-time charting
- Multiple customizable watchlists across cash, F&O, currency and commodity
- One-click order execution
- In-house research and trading ideas
- IPO application and mutual fund investing in-app
- 100% paperless online account opening
- Users note net-banking fund transfers attract a fee (free alternatives like UPI/NEFT/RTGS/IMPS are available)
- Requests for more portfolio sorting options (e.g. by daily and overall profit/loss in value and percentage)
- Some users report the app failing to load and being advised to reinstall and re-enable biometric login
Alternatives to Indiabulls Securities
By active client count, Indiabulls Securities is the #31 largest of 38 retail brokers on the NSE (as of 2026-04-30). 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. Cost-conscious DIY traders and investors who want low flat per-order pricing across equity, F&O, currency and commodity on a standalone (non-bank) account.
Equity delivery is ₹11 / 2.5%. Equity intraday is ₹11 / 2.5%. Equity options is Flat ₹11. 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.
Trade and invest in equity, F&O, intraday, IPO and mutual funds in one app. Open a free Demat and trading account online (paperless onboarding). 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://www.ibullssecurities.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.