Speaking as an experienced trader, I always prioritize regulatory oversight when evaluating a broker, because robust regulation is fundamental for the protection of client funds and overall trading security. With Dhan, it is clear that the platform does not hold any regulatory license from recognized financial authorities. This is a significant concern for me, as unregulated entities are not subject to the rigorous standards and regular audits that reputable regulators require. In regulated environments, brokers are typically compelled to segregate client funds from company assets, adhere to strict risk management protocols, and provide recourse through investor compensation schemes if issues arise. The absence of regulation with Dhan means these safeguards simply are not assured. For me, the lack of an established regulatory framework introduces substantial risk—especially since there is no external oversight to ensure capital adequacy, operational transparency, or fair business practices. If disputes occur or if the company faces insolvency, clients like myself might have limited or no formal avenues for redress or fund recovery. This is why I would exercise heightened caution with Dhan and would not feel confident that my funds are protected to the same standard as with a well-regulated broker. In my experience, choosing regulated platforms is the prudent route for safeguarding trading capital.