- Home
- Featured
- Compare
- Fyers vs Mstock Review & Brokerage Charges
Fyers vs Mstock Review & Brokerage Charges
You’ve come to the right place to find out how Fyers and Mstock, two well-known Indian online brokers, compare to each other. Today I’m going to give you a quick rundown of the main features, pros and cons of both platforms to help you decide which one is better for your trading needs.
Post Disclaimer
For informational purposes only:
The information presented on this website is for informational purposes only and should not be construed as financial, legal, or professional advice. While we strive to provide accurate and up-to-date information, we cannot guarantee its completeness or accuracy. Any opinions expressed herein are solely those of the author or individual contributor and do not necessarily reflect the views of any company, organization, or other entity.
Do your own research:
Readers are encouraged to conduct their due diligence and consult with a qualified professional before making any decisions based on the information presented on this website. Trading, investing, and other financial activities involve inherent risks, and you could lose all or a portion of your capital. Past performance is not indicative of future results.
Company Overview
|
|
|
Company name
|
FYERS Securities Private Limited
Mirae Asset Capital Markets (India) Pvt Ltd
|
|
Headquarters
|
Bengaluru
Mumbai
|
|
Founder
|
Tejas Khoday, Yashas Khoday, and Shreyas Khoday
Hyeon Joo Park
|
|
Establishment Year
|
2015
June 1997
|
Account opening & AMC
|
|
|
Account Opening Fee
The account opening fee, also known as account setup charges, refers to the one-time charge levied by a brokerage firm when you open a new Demat and trading account to invest in securities like stocks, bonds, or ETFs. These fees can vary depending on the type of account, the brokerage firm, and any current promotions or offers.
|
₹0
₹999 (Zero brokerage for life) + ₹999 (Free AMC)
|
|
Annual Maintenance Charges (AMC)
This is a yearly fee levied by the depository participant (DP) to maintain your Demat account, where your shares are held electronically.
|
₹0
₹120 every quarter (Zero AMC by paying an additional ₹999, else ₹120 every quarter as AMC)
|
Pledge Charges
|
|
|
Pledge Creation Charges
|
₹0
₹25 per PSN (Pledge Sequence Number) per day (+GST) for 'Lifetime free AMC' plan
|
|
Pledge Invocation Charges
|
₹0
₹25 per PSN (Pledge Sequence Number) per day (+GST) for 'Lifetime free AMC' plan
|
|
Interest on Margin Trading
|
Does not provide
Up to ₹25 Lakhs: 9.99%, Above ₹25 Lakhs to ₹5 Crore: 8.99%, Above ₹5 Crore: 6.99%
|
|
Margin Re-Pledge
|
₹0
₹25 per PSN
|
Brokerage charges & Fees
|
|
|
Brokerage Plan
|
Standard account
Lifetime free AMC' plan
|
|
Equity Delivery Charges
|
₹0
Zero
|
|
Equity Intraday Charges
|
₹20 or 0.03% per executed order, whichever is lower
Zero
|
|
Equity Futures charges
|
₹20 or 0.03% per executed order, whichever is lower
Zero
|
|
Equity Options charges
|
Flat ₹20 per executed order
Zero
|
|
Currency Futures charges
|
₹20 per executed order or 0.03% of the transaction value, whichever is lower
Zero
|
|
Currency Options charges
|
Flat ₹20 per executed order
Zero
|
|
Commodity Futures charges
|
₹20 per executed order or 0.03% of the transaction value, whichever is lower
Do not offer Commodity trading
|
|
Commodity Options charges
|
₹20 per executed order
Do not offer Commodity trading
|
Customer services offered
|
|
|
Demat Services
|
✅Yes
✅Yes
|
|
Trading Services
|
✅Yes
✅Yes
|
|
Intraday Services
|
✅Yes
✅Yes
|
|
F&O Services
|
✅Yes
✅Yes
|
|
IPO Services
|
✅Yes
✅Yes
|
|
Share Pledging
|
✅Yes
✅Yes
|
|
NRI Services
|
✅Yes
⛔
|
|
Referral Program
|
✅Yes
✅Yes
|
Customer Support
|
|
|
Call Support
|
080-600 01 111 (9:00AM - 11:55PM)
1800 210 0818
|
|
Email Support
|
support@fyers.in (9:00AM - 11:55PM)
help@mstock.com
|
|
Whatsapp Support
|
⛔No
⛔
|
|
Website Support
|
✅Yes, Articles only. No Chat support
⛔
|
Leverage (Margin) Offered
|
|
|
Equity Delivery Margin Leverage
|
No leverage available; you need the full purchase value in your account.
No leverage available; you need the full purchase value in your account.
|
|
Equity Intraday Margin Leverage
|
Upto 5x depending on the stock (lower leverage for volatile stocks)
Leverage ranges from 3x to 4x depending on the stock (lower leverage for volatile stocks)
|
|
Equity F&O Intraday Margin Leverage
|
No leverage available; requires full margin upfront
No leverage available; you need the full purchase value in your account.
|
|
Equity F&O Carry Forward Margin Leverage
|
No leverage available; requires full margin upfront
No leverage available; you need the full purchase value in your account.
|
|
Currency F&O Margin Leverage
|
No leverage available; requires full margin upfront
4x to 10x depending on the currency pair and contract type.
|
|
Commodity F&O Intraday Margin Leverage
|
No leverage available; requires full margin upfront
Does not offer trading in Commodity
|
|
Commodity F&O Carry Forward Margin Leverage
|
No leverage available; requires full margin upfront
Does not offer trading in Commodity
|
Unique Offerings
|
|
|
Free Account Opening
|
✅Yes
⛔No
|
|
Free Brokerage
|
On Stock delivery, Mutual Funds and IPOs only
✅Yes
|
|
Free AMC
|
✅Yes
✅Yes, on 'Lifetime free AMC' plan only
|
|
Free Equity Delivery
|
✅Yes
✅Yes
|
|
Free F&O Trading
|
⛔No
✅Yes
|
|
Free Intraday Trading
|
⛔No
✅Yes
|
|
Free Trading calls
|
⛔No
✅Yes
|
|
Happy Trading Hours
|
⛔No
⛔No
|
|
Flexible Brokerage Plans
|
⛔No
✅Yes
|
|
Referral Offers
|
✅Yes
✅Yes
|
|
Margin Funding (MTF)/ Pledging
|
✅Yes
✅Yes
|
|
Brokerage Cashback
|
⛔No
⛔No
|
|
Zero Brokerage for Loss Making Trades
|
⛔No
⛔No
|
|
Relationship Manager
|
⛔No
⛔No
|
Services Provided
|
|
|
Equity Delivery
|
✅Yes
✅Yes
|
|
Equity Intraday
|
✅Yes
✅Yes
|
|
Equity Futures
|
✅Yes
✅Yes
|
|
Equity Options
|
✅Yes
✅Yes
|
|
Currency Futures
|
✅Yes
✅Yes
|
|
Currency Options
|
✅Yes
✅Yes
|
|
Commodity Futures
|
✅Yes
⛔No
|
|
Commodity Options
|
✅Yes
⛔No
|
|
Foreign Stocks
|
⛔No
⛔No
|
|
Mutual Funds
|
✅Yes
✅Yes
|
|
Banking
|
⛔No
⛔No
|
|
Insurance
|
⛔No
⛔No
|
|
Corporate Bonds
|
⛔No
⛔No
|
|
Govt. Bonds
|
⛔No
⛔No
|
|
Digital Gold
|
⛔No
⛔No
|
Order Types
|
|
|
Market Order
|
✅Yes
✅Yes
|
|
Limit Order
|
✅Yes
✅Yes
|
|
Bracket Order
|
✅Yes
✅Yes
|
|
Cover Order
|
✅Yes
✅Yes
|
|
After Market Order (AMO)
|
✅Yes
✅Yes
|
|
Good Till Cancelled (GTC)
|
✅Yes
✅Yes
|
|
Buy Today Sell Tomorrow (BTST)
|
⛔No
⛔No
|
|
Sell Today Buy Tomorrow (STBT)
|
⛔No
⛔No
|
Research & Reports
|
|
|
Annual Reports
|
✅Yes
⛔No
|
|
Company Reports
|
✅Yes
⛔No
|
|
Research Reports
|
✅Yes
⛔No
|
|
Fundamental Reports
|
✅Yes
✅Yes, Basic only
|
|
IPO Reports
|
✅Yes
✅Yes
|
|
Technical Reports
|
✅Yes
✅Yes, Basic only
|
|
Stock tips
|
⛔No
⛔No
|
|
Daily Market Review
|
✅Yes
⛔No
|
|
Monthly Review
|
✅Yes
⛔No
|
|
Weekly Review
|
✅Yes
⛔No
|
|
Robo Advisory
|
⛔No
⛔No
|
STT & CTT Charges
|
|
|
Equity Delivery STT & CTT
|
0.1% on Buy and Sell
0.1% on buy & sell
|
|
Equity Intraday STT & CTT
|
0.025% on Sell
0.025% on the sell side
|
|
Equity Futures STT & CTT
|
0.0125% on Sell
0.0125% on sell side
|
|
Equity Options STT & CTT
|
0.0625% on Sell
0.0625% on sell side (on premium) and/or 0.125% of the intrinsic value on options that are bought and exercised
|
|
Currency Futures STT & CTT
|
No STT
No STT
|
|
Currency Options STT & CTT
|
No STT
No STT
|
|
Commodity Futures STT & CTT
|
0.01% on sell side (Non-Agri)
Does not offer Commodity trading
|
|
Commodity Options STT & CTT
|
0.05% on sell side
Does not offer Commodity trading
|
Trading Features
|
|
|
Watchlist
|
✅Yes
✅Yes
|
|
Real Time Updates
|
✅Yes
✅Yes
|
|
Portfolio Details
|
✅Yes
✅Yes
|
|
Price Alert
|
✅Yes
✅Yes
|
|
Online Mutual Fund Buy
|
✅Yes
✅Yes
|
|
Global indices
|
⛔No
⛔No
|
|
Customized Recommendations
|
✅Yes
⛔No
|
|
Advanced charting
|
✅Yes
✅Yes
|
|
Live market
|
✅Yes
✅Yes
|
|
Multiple Profile Management
|
⛔No
⛔No
|
|
Secure Platform
|
✅Yes
✅Yes
|
Trading Platforms
|
|
|
Android App
|
✅Yes
✅Yes
|
|
iOS App
|
✅Yes
✅Yes
|
|
Web Trading Platform
|
✅Yes
✅Yes
|
|
Trading Terminal
|
✅Yes
⛔No
|
|
Algo Trading Platform
|
✅Yes
⛔No
|
|
Foreign Stocks Trading Platform
|
⛔No
⛔No
|
|
Basket Trading Platform
|
✅Yes
✅Yes
|
|
Mutual Fund Investment Platform
|
✅Yes
✅Yes
|
|
Digital Gold Investment Platform
|
⛔No
⛔No
|
|
Bonds Investment Platform
|
⛔No
⛔No
|
Transaction Charges
|
|
|
Equity Delivery Transaction Charges
|
NSE: 0.00325% | BSE: 0.00375%
NSE: 0.00325%, BSE: 0.00375%
|
|
Equity Intraday Transaction Charges
|
NSE: 0.00325% | BSE: 0.00375%
NSE: 0.00325%, BSE: 0.00375%
|
|
Equity Futures Transaction Charges
|
0.0005%
NSE: 0.0019%
|
|
Equity Options Transaction Charges
|
0.009%
NSE: 0.050% (on premium)
|
|
Currency Futures Transaction Charges
|
NSE- 0.0009%
NSE: Exchange txn charge: 0.0009%
|
|
Currency Options Transaction Charges
|
NSE- 0.035% | BSE- 0.001%
NSE: Exchange txn charge: 0.035%
|
|
Commodity Futures Transaction Charges
|
MCX- Non-Agri: 0.0026%
Does not offer
|
|
Commodity Options Transaction Charges
|
MCX- Non-Agri: 0.05%
Does not offer
|
Stamp Duty charges
|
|
|
Equity Delivery Stamp Duty
|
0.015%
0.015% or ₹1500 / crore on buy side
|
|
Equity Intraday Stamp Duty
|
0.003%
0.003% or ₹300 / crore on buy side
|
|
Equity Futures Stamp Duty
|
0.002%
0.002% or ₹200 / crore on buy side
|
|
Equity Options Stamp Duty
|
0.003%
0.003% or ₹300 / crore on buy side
|
|
Currency Futures Stamp Duty
|
0.0001% on Buy Side
0.0001% or ₹10 / crore on buy side
|
|
Currency Options Stamp Duty
|
0.0001% on Buy Side
0.0001% or ₹10 / crore on buy side
|
|
Commodity Futures Stamp Duty
|
0.002% on Buy Side
Does not offer
|
|
Commodity Options Stamp Duty
|
0.003% on Buy Side
Does not offer
|
Other Charges
|
|
|
SEBI Turnover Charges
|
₹10/Crore (For all segments)
₹10/crore (For all segments)
|
|
DP Charges
|
₹7 + ₹5.5 (CDSL Charges)
₹12 + GST per ISIN per transaction per day
|
|
GST charges
|
18% of (brokerage + transaction charges + Demat)
18% of (brokerage + transaction charges + Demat)
|
|
Account Closure Charges
|
Free
Free
|
|
Reactivation Charges
|
Free
Free
|
|
Dematerialization Charges
|
₹0
₹150 per certificate + ₹100 courier charges
|
|
Call and Trade charges
|
₹50 per executed order
₹0
|
Dhan app review & charges
Angel one review
Groww app brokerage charges
Shoonya Finvasia Brokerage charges Review
Upstox app review India in 2024: Brokerage Charges list, AMC & Rating
Zerodha Trading App Review 2024
HDFC Sky review India: Brokerage charges
