m.Stock Vs Zerodha

Summary:

  • A Demat account holds the financial securities bought in the stock market until they are sold.
  •  A Demat account is combined with a Trading account and a Savings Account.
  •  To use a Demat Account, you need to have experience in technical analysis.
  •  A Savings account is used for savings with no additional experience and can be used for RD and FD.

m.Stock Vs Zerodha: Company Overview

m.Stock by Mirae Asset is a SEBI-registered discount broker launched in 2022 and has products comprising IPO, Stocks, Currency, Futures & Options, Mutual Funds, and Margin Trading Facility. m.Stock is more popular for its zero brokerage plan. Further, the platform is reliable and comes with excellent trading applications and customer support.

m.Stock Home

Nithin Kamath and Nikhil Kamath founded Zerodha in 2010, one of India’s most reliable trading and investment platforms. The platform uses advanced technology to ensure high reliability. Further, Zerodha has a super clean interface, advanced features, and dedicated customer support.

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m.Stock Vs Zerodha: Charges

m.Stock Account Opening Charges & AMC

m.Stock allows you to open an account for ₹149. However, if you want brokerage-free trading, you can opt for the ₹999 plan. As far as the AMC goes, the platform charges ₹120 every quarter, which will amount to ₹480 per year. However, m.Stock lets you enjoy a free lifetime AMC, which you can have by paying an additional one-time amount of ₹999.

m.Stock Brokerage Charges

Next, it’s time to look at m.Stock’s brokerage charges and the platform has two brokerage plans:

  • ₹999: ₹0 brokerage charges for all segments
  • ₹149: ₹0 brokerage charges for Delivery, Mutual Funds, IPO, and ₹20 for Intraday, F&O, and Currency

Zerodha Account Opening Charges, & AMC

You can open an account with Zerodha for ₹200 and will need to pay an additional ₹100 if you want to activate the commodity segment. Besides, you will need to pay a Demat Account Annual Maintenance Charge of ₹300 per year.

Zerodha Brokerage Charges

Zerodha fee and charges

When it comes to brokerage charges, Zerodha keeps its brokerage charges minimal. Here are the Zerodha brokerage charges:

  • ₹0 brokerage charges on Equity Delivery and Direct Mutual Funds
  • ₹20 or 0.03% (whichever is lower per executed order) on Equity Intraday, and F&O

m.Stock Vs. Zerodha: Trading Platforms

m.Stock Trading Platform

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m.Stock Web Portal

m.Stock Web Portal is ideal for anyone who wants to trade from a laptop or a PC. The Web Portal is fast, stable, and secure. The best part is you can access it through your browser without needing to install it on your device. The platform is clean and comes with many advanced tools like smart calculators, fundamental & technical data, and Tradingview charts. The Web Portal lets you create up to 7 watchlists, and you can also set customized price alerts. Besides, it comes with multiple order types like GTT and basket order.

m.Stock’s Trading App

m.Stock’s Trading App lets you trade from your smartphone and comes with comprehensive trading features. The app is exceptionally easy to use and is pretty secure. The app comes with 1-Click Order Placement, Option chain Analysis, Advanced Order Options, One View Portfolio, Price Alerts

 Zero Pricing, Live Market Data, and FII/DII Updates.

Zerodha Trading Platforms

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Zerodha Kite Web

Zerodha Kite Web can be accessed using a browser and is a suitable app for laptop or PC users. The app offers a clean and beginner-friendly interface. Besides, it comes with Tradingview, and ChartIQ charting tools, over 100 indicators, multiple watchlists, multiple order types including GTT, an excellent reporting system, and KillSwitch to avoid overtrading. Further, Zerodha Kite offers Sensibull integration for backtesting Options strategies.

Zerodha Kite Mobile App

Zerodha Kite Mobile App lets you effortlessly trade from your smartphone, and the app is exceptionally fast and secure. The app has a clean interface and comes with advanced charting tools, multiple watchlists, multiple indicators, and multiple order types. Besides, the app lets you access your P&L reports through external links to your mobile browser.

Zerodha Coin

Zerodha has a dedicated app for investors called Zerodha Coin, and the platform is designed especially for long-term investors. Zerodha Coin lets you invest in Direct Mutual Funds, Government Bonds, Corporate Bonds, and Sovereign Gold Bonds without charging any investment commission. The app comes with a dashboard with an excellent overview of your holdings and orders.

m.Stock Vs. Zerodha: Pros and Cons

m.Stock Pros

  • A zero brokerage plan is available for a one-time fee of ₹999
  • Free Lifetime AMC is available for a one-time fee of ₹999
  • Various investment products, including IPO, Stocks, Currency, Futures & Options, and Mutual Funds
  • Fast and secure trading applications for web and mobile platforms
  • The regular plan comes with minimal brokerage fees
  • No brokerage charges on Delivery, Mutual Funds, and IPO
  • Reliable customer support

m.Stock Cons

  • The commodity segment is not available yet

Zerodha Pros

  • Clean and beginner-friendly interface
  • Leverage trading available on Equity Intraday
  • ₹0 brokerage charges on Equity Delivery and Direct Mutual Funds
  • Minimal Brokerage charges on other segments
  • Advanced charting tools: Tradingview and ChartIQ charts
  • KillSwitch to avoid overtrading
  • Excellent reporting system, including graphical P&L reports
  • Dedicated customer support

Zerodha Cons

  • ₹200 for account opening plus extra ₹100 for activating Commodity segment

Conclusion

I have provided you with a clear picture of the two platforms, and as you have seen, both m.Stock and Zerodha are reliable platforms. m.Stock comes with the advantage of a zero brokerage trading plan at a one-time fee of ₹999. However, the platform doesn’t have a Commodity segment yet.

Zerodha, on the other hand, has a cleaner interface and the commodity segment included. Besides, the platform has been around for a long time with no major issues. Hence, I will recommend Zerodha over m.Stock. However, you can start trading on m.Stock with a small capital to get yourself familiar with its interface and features.

What is m.Stock, and how does it compare to Zerodha?

m.Stock is a trading platform offered by Mirae Asset, while Zerodha is a prominent discount broker in India. Both platforms cater to traders and investors, but they differ in various aspects, such as account opening charges, brokerage fees, and customer service.

What is the trading account opening fee for Zerodha?

You can open an account with Zerodha for ₹200. However, if you want to activate commodity segment, you will have to pay an additional ₹100.

What is the brokerage fee structure of m.Stock?

m.Stock offers two brokerage plans:

₹999 Plan: This plan includes ₹0 brokerage charges for all segments.

₹149 Plan: Under this plan, you can enjoy ₹0 brokerage charges for Delivery and Mutual Funds, while Intraday, F&O, and Currency trading incur a brokerage charge of ₹20.

What are the stock brokers in India that follow a discount broking model?

Here is the list of Indian stock brokers that follow a discount broking model

  • Zerodha
  • Upstox (formerly RKSV Securities)
  • m.Stock
  • 5paisa
  • Angel Broking (offers discount broking in addition to traditional brokerage services)
  • Paytm Money 

m.Stock vs Zerodha: Which is better?

m.Stock is a new trading platform, launched in 2022, while Zerodha has been there since 2010. m.Stock is popular because of its zero brokerage plan. However, Zerodha is still seen as the most relaible trading platform by most traders in India. 

Hence, unless m Stock proves its reliability for the next 2 to 3 years, it's wise to stick to Zerodha. Further, Zerodha is also considered to be a beginner-friendly stock broker with a super clean trading  interface. However, if you badly need a zero brokerage trading platform, you may give m.Stock a try.

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