Dhanvarsha broker Accounts

dhanvarsha Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

dhanvarsha Account Types Explained

Dhanvarsha offers a variety of account types tailored to meet the needs of different traders. Below is an overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: ₹5,000
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:100
• Key Features: Basic trading tools, access to major currency pairs, and market analysis.
• Target User Profile: Beginner traders
• Trading Instruments Available: Forex, commodities, and indices.

2. ECN Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Low spreads starting from 0.1 pips with a commission of ₹20 per lot.
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution, and no dealing desk intervention.
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: ₹25,000
• Spread/Commission Structure: Spreads starting from 0.5 pips with a commission of ₹15 per lot.
• Leverage Options: Up to 1:500
• Key Features: Advanced trading tools, priority customer support, and higher leverage.
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Similar to the Standard Account but without swap fees.
• Leverage Options: Up to 1:100
• Key Features: Complies with Sharia law, no overnight interest.
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, and indices.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:100
• Key Features: Practice trading without risk, access to all trading instruments.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginner: Standard Account
• Intermediate: ECN Account
• Advanced: Pro Account
• Muslim Traders: Islamic Account
• Practice: Demo Account

Detailed dhanvarsha Account Features

Feature Comparison Across Different Account Types

Advantages of Each Account Type

• Standard Account: Low minimum deposit, user-friendly for beginners.
• ECN Account: Tight spreads, faster execution, ideal for scalpers.
• Pro Account: High leverage, advanced tools for professional trading.
• Islamic Account: Complies with Islamic finance principles.
• Demo Account: Risk-free environment to practice trading.

Disadvantages of Each Account Type

• Standard Account: Limited features compared to advanced accounts.
• ECN Account: Higher minimum deposit and commission fees.
• Pro Account: Requires significant capital and experience.
• Islamic Account: Limited to specific trading instruments.
• Demo Account: No real profits, limited duration.

dhanvarsha Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of India and select countries.
• Prohibited Countries: Countries under sanctions or restrictions may not be eligible.
• Identity Verification Documents Needed:
• Government-issued ID (Aadhaar, Passport, etc.)
• PAN Card
• Proof of Residence Requirements:
• Utility bill
• Bank statement
• Additional Documentation for Professional Accounts:
• Proof of income
• Business registration documents

KYC/AML Compliance Procedures

• Complete the KYC process by submitting required documents.
• Verification of documents through a secure online system.

Verification Time Frames

• Typically, account verification takes 1-3 business days.

Step-by-Step dhanvarsha Account Opening Guide

Step-by-Step Registration Process

1. Visit Website: Go to the dhanvarsha website.
2. Click Registration: Click on the "Open Account" button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type from the options available.
5. Set Trading Preferences: Specify trading preferences and leverage options.
6. Document Upload: Upload required identification and proof of residence documents.
7. Account Verification: Wait for the account to be verified by the dhanvarsha team.
8. Fund Your Account: Deposit funds into your trading account using available payment methods.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile users may have a streamlined interface.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and meet size requirements.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Account approval generally takes 1-3 business days.

How to Upgrade/Downgrade Account Types

• Log into your account and navigate to the account settings to request an upgrade or downgrade.

dhanvarsha Demo Account Guide

Demo Account Features and Benefits

• Practice trading without financial risk.
• Access to all trading instruments available in live accounts.
• Use of virtual funds to simulate real trading conditions.

How to Open a Demo Account

• Visit the dhanvarsha website and select the demo account option.
• Fill in the required details and create an account.

Demo Account Limitations

• Limited duration (usually 30 days).
• No real profits can be withdrawn.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of ₹1,000,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days of inactivity.

dhanvarsha Islamic Account Details

Swap-Free/Islamic Account Availability

• Dhanvarsha offers an Islamic account that is swap-free and complies with Sharia law.

Eligibility Requirements

• Must be a Muslim trader seeking compliance with Islamic finance principles.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees for overnight positions.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process.

Restrictions or Special Conditions

• Limited to specific trading instruments and may have different leverage options.

FAQs – dhanvarsha Account Types & Opening

1. What account types does dhanvarsha offer？

• Dhanvarsha offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: ₹5,000, ECN: ₹10,000, Pro: ₹25,000, Islamic: ₹10,000, Demo: N/A.

1. How long does dhanvarsha account verification take？

• Verification typically takes 1-3 business days.

1. Does dhanvarsha offer demo accounts？

• Yes, dhanvarsha offers demo accounts for practice trading.

1. Can I have multiple account types with dhanvarsha？

• Yes, you can open multiple account types.

1. Does dhanvarsha offer Islamic/swap-free accounts？

• Yes, dhanvarsha provides Islamic accounts that are swap-free.

1. What documents do I need to open a dhanvarsha account？

• Required documents include a government-issued ID, PAN card, and proof of residence.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through your account settings.