Placeholder canvas
  1. Home
  2. Featured
  3. Compare
  4. M.stock vs HDFC sky vs Fyers

M.stock vs HDFC sky vs Fyers

In this article, we will review ‘M.stock vs HDFC sky vs Fyers‘ on the basis of Brokerage charges, Account maintenance charges, Investment options, Customer service, User reviews, Research and analysis, broker’s track record & reputation.



Company Overview

M.stock chargesHDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Company name Mirae Asset Capital Markets (India) Pvt Ltd HDFC Sky FYERS Securities Private Limited
Headquarters Mumbai Mumbai Bengaluru
Founder Hyeon Joo Park Dhiraj Relli Tejas Khoday, Yashas Khoday, and Shreyas Khoday
Establishment Year June 1997 2023 2015

Account opening & AMC

M.stock chargesHDFC Sky review India: Brokerage chargesFyers review and brokerage charges
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. ₹999 (Zero brokerage for life) + ₹999 (Free AMC) ₹0 ₹0
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. ₹120 every quarter (Zero AMC by paying an additional ₹999, else ₹120 every quarter as AMC) ₹20 / Month (Free for first year) ₹0

Pledge Charges

M.stock chargesHDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Pledge Creation Charges ₹25 per PSN (Pledge Sequence Number) per day (+GST) for 'Lifetime free AMC' plan ₹20 ₹0
Pledge Invocation Charges ₹25 per PSN (Pledge Sequence Number) per day (+GST) for 'Lifetime free AMC' plan ₹20 ₹0
Interest on Margin Trading Up to ₹25 Lakhs: 9.99%, Above ₹25 Lakhs to ₹5 Crore: 8.99%, Above ₹5 Crore: 6.99% 12% Does not provide
Margin Re-Pledge ₹25 per PSN ₹20 ₹0

Brokerage charges & Fees

M.stock chargesHDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Brokerage Plan Lifetime free AMC' plan Standard Standard account
Equity Delivery Charges Zero ₹20 or 0.1% (Whichever is Lower) ₹0
Equity Intraday Charges Zero ₹20 or 0.1% (Whichever is Lower) ₹20 or 0.03% per executed order, whichever is lower
Equity Futures charges Zero ₹20 or 0.1% (whichever is lower) ₹20 or 0.03% per executed order, whichever is lower
Equity Options charges Zero ₹20 / Order Flat ₹20 per executed order
Currency Futures charges Zero ₹20 or 0.1% (whichever is lower) ₹20 per executed order or 0.03% of the transaction value, whichever is lower
Currency Options charges Zero ₹20 / Order Flat ₹20 per executed order
Commodity Futures charges Do not offer Commodity trading ₹20 or 0.1% (whichever is lower) ₹20 per executed order or 0.03% of the transaction value, whichever is lower
Commodity Options charges Do not offer Commodity trading ₹20 / Order ₹20 per executed order

Customer services offered

M.stock chargesHDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Demat Services ✅Yes ✅Yes ✅Yes
Trading Services ✅Yes ✅Yes ✅Yes
Intraday Services ✅Yes ✅Yes ✅Yes
F&O Services ✅Yes ✅Yes ✅Yes
IPO Services ✅Yes ✅Yes ✅Yes
Share Pledging ✅Yes ✅Yes ✅Yes
NRI Services ✅Yes ✅Yes
Referral Program ✅Yes ✅Yes ✅Yes

Customer Support

M.stock chargesHDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Call Support 1800 210 0818 022-39019400 080-600 01 111 (9:00AM - 11:55PM)
Email Support help@mstock.com customercare@hdfcsec.com support@fyers.in (9:00AM - 11:55PM)
Whatsapp Support ⛔No ⛔No
Website Support FAQs only ✅Yes, Articles only. No Chat support

Leverage (Margin) Offered

M.stock chargesHDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Equity Delivery Margin Leverage No leverage available; you need the full purchase value in your account. No leverage available; requires full margin upfront No leverage available; you need the full purchase value in your account.
Equity Intraday Margin Leverage Leverage ranges from 3x to 4x depending on the stock (lower leverage for volatile stocks) Upto 5x depending on the stock (lower leverage for volatile stocks) Upto 5x depending on the stock (lower leverage for volatile stocks)
Equity F&O Intraday Margin Leverage No leverage available; you need the full purchase value in your account. No leverage available; requires full margin upfront No leverage available; requires full margin upfront
Equity F&O Carry Forward Margin Leverage No leverage available; you need the full purchase value in your account. No leverage available; requires full margin upfront No leverage available; requires full margin upfront
Currency F&O Margin Leverage 4x to 10x depending on the currency pair and contract type. No leverage available; requires full margin upfront No leverage available; requires full margin upfront
Commodity F&O Intraday Margin Leverage Does not offer trading in Commodity No leverage available; requires full margin upfront No leverage available; requires full margin upfront
Commodity F&O Carry Forward Margin Leverage Does not offer trading in Commodity No leverage available; requires full margin upfront No leverage available; requires full margin upfront

Unique Offerings

M.stock chargesHDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Free Account Opening ⛔No ✅Yes ✅Yes
Free Brokerage ✅Yes On Mutual Funds and IPOs only On Stock delivery, Mutual Funds and IPOs only
Free AMC ✅Yes, on 'Lifetime free AMC' plan only ⛔No ✅Yes
Free Equity Delivery ✅Yes ⛔No ✅Yes
Free F&O Trading ✅Yes ⛔No ⛔No
Free Intraday Trading ✅Yes ⛔No ⛔No
Free Trading calls ✅Yes ⛔No ⛔No
Happy Trading Hours ⛔No ⛔No ⛔No
Flexible Brokerage Plans ✅Yes ⛔No ⛔No
Referral Offers ✅Yes ✅Yes ✅Yes
Margin Funding (MTF)/ Pledging ✅Yes ✅Yes ✅Yes
Brokerage Cashback ⛔No ⛔No ⛔No
Zero Brokerage for Loss Making Trades ⛔No ⛔No ⛔No
Relationship Manager ⛔No ⛔No ⛔No

Services Provided

M.stock chargesHDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Equity Delivery ✅Yes ✅Yes ✅Yes
Equity Intraday ✅Yes ✅Yes ✅Yes
Equity Futures ✅Yes ✅Yes ✅Yes
Equity Options ✅Yes ✅Yes ✅Yes
Currency Futures ✅Yes ⛔No ✅Yes
Currency Options ✅Yes ⛔No ✅Yes
Commodity Futures ⛔No ⛔No ✅Yes
Commodity Options ⛔No ⛔No ✅Yes
Foreign Stocks ⛔No ✅Yes, US stocks ⛔No
Mutual Funds ✅Yes ✅Yes ✅Yes
Banking ⛔No ⛔No ⛔No
Insurance ⛔No ⛔No ⛔No
Corporate Bonds ⛔No ⛔No ⛔No
Govt. Bonds ⛔No ⛔No ⛔No
Digital Gold ⛔No ⛔No ⛔No

Order Types

M.stock chargesHDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Market Order ✅Yes ✅Yes ✅Yes
Limit Order ✅Yes ✅Yes ✅Yes
Bracket Order ✅Yes ⛔No ✅Yes
Cover Order ✅Yes ⛔No ✅Yes
After Market Order (AMO) ✅Yes ✅Yes ✅Yes
Good Till Cancelled (GTC) ✅Yes ✅Yes ✅Yes
Buy Today Sell Tomorrow (BTST) ⛔No ⛔No ⛔No
Sell Today Buy Tomorrow (STBT) ⛔No ⛔No ⛔No

Research & Reports

M.stock chargesHDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Annual Reports ⛔No ✅Yes ✅Yes
Company Reports ⛔No ✅Yes ✅Yes
Research Reports ⛔No ⛔No ✅Yes
Fundamental Reports ✅Yes, Basic only ✅Yes ✅Yes
IPO Reports ✅Yes ✅Yes ✅Yes
Technical Reports ✅Yes, Basic only ⛔No ✅Yes
Stock tips ⛔No ⛔No ⛔No
Daily Market Review ⛔No ✅Yes ✅Yes
Monthly Review ⛔No ✅Yes ✅Yes
Weekly Review ⛔No ✅Yes ✅Yes
Robo Advisory ⛔No ⛔No ⛔No

STT & CTT Charges

M.stock chargesHDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Equity Delivery STT & CTT 0.1% on buy & sell 0.1% on Buy & Sell 0.1% on Buy and Sell
Equity Intraday STT & CTT 0.025% on the sell side 0.025% on the sell side 0.025% on Sell
Equity Futures STT & CTT 0.0125% on sell side 0.0125% on the sell side 0.0125% on Sell
Equity Options STT & CTT 0.0625% on sell side (on premium) and/or 0.125% of the intrinsic value on options that are bought and exercised 0.0625% on sell side (on premium) 0.0625% on Sell
Currency Futures STT & CTT No STT ⛔ Does not offer No STT
Currency Options STT & CTT No STT ⛔ Does not offer No STT
Commodity Futures STT & CTT Does not offer Commodity trading ⛔ Does not offer 0.01% on sell side (Non-Agri)
Commodity Options STT & CTT Does not offer Commodity trading ⛔ Does not offer 0.05% on sell side

Trading Features

M.stock chargesHDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Watchlist ✅Yes ✅Yes ✅Yes
Real Time Updates ✅Yes ✅Yes ✅Yes
Portfolio Details ✅Yes ✅Yes ✅Yes
Price Alert ✅Yes ✅Yes ✅Yes
Online Mutual Fund Buy ✅Yes ✅Yes ✅Yes
Global indices ⛔No ⛔No ⛔No
Customized Recommendations ⛔No ⛔No ✅Yes
Advanced charting ✅Yes ⛔No ✅Yes
Live market ✅Yes ✅Yes ✅Yes
Multiple Profile Management ⛔No ⛔No ⛔No
Secure Platform ✅Yes ✅Yes ✅Yes

Trading Platforms

M.stock chargesHDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Android App ✅Yes ✅Yes ✅Yes
iOS App ✅Yes ✅Yes ✅Yes
Web Trading Platform ✅Yes ✅Yes ✅Yes
Trading Terminal ⛔No ⛔No ✅Yes
Algo Trading Platform ⛔No ⛔No ✅Yes
Foreign Stocks Trading Platform ⛔No ✅Yes, US stocks only ⛔No
Basket Trading Platform ✅Yes ⛔No ✅Yes
Mutual Fund Investment Platform ✅Yes ✅Yes ✅Yes
Digital Gold Investment Platform ⛔No ⛔No ⛔No
Bonds Investment Platform ⛔No ⛔No ⛔No

Transaction Charges

M.stock chargesHDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Equity Delivery Transaction Charges NSE: 0.00325%, BSE: 0.00375% NSE: 0.00325% | BSE: 0.00325% NSE: 0.00325% | BSE: 0.00375%
Equity Intraday Transaction Charges NSE: 0.00325%, BSE: 0.00375% NSE: 0.00325% | BSE: 0.00325% NSE: 0.00325% | BSE: 0.00375%
Equity Futures Transaction Charges NSE: 0.0019% NSE: 0.00230% 0.0005%
Equity Options Transaction Charges NSE: 0.050% (on premium) NSE: 0.056% (on premium) 0.009%
Currency Futures Transaction Charges NSE: Exchange txn charge: 0.0009% Does not offer NSE- 0.0009%
Currency Options Transaction Charges NSE: Exchange txn charge: 0.035% Does not offer NSE- 0.035% | BSE- 0.001%
Commodity Futures Transaction Charges Does not offer Does not offer MCX- Non-Agri: 0.0026%
Commodity Options Transaction Charges Does not offer Does not offer MCX- Non-Agri: 0.05%

Stamp Duty charges

M.stock chargesHDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Equity Delivery Stamp Duty 0.015% or ₹1500 / crore on buy side 0.015% or ₹1500 / crore on buy side 0.015%
Equity Intraday Stamp Duty 0.003% or ₹300 / crore on buy side 0.003% or ₹300 / crore on buy side 0.003%
Equity Futures Stamp Duty 0.002% or ₹200 / crore on buy side 0.002% or ₹200 / crore on buy side 0.002%
Equity Options Stamp Duty 0.003% or ₹300 / crore on buy side 0.003% or ₹300 / crore on buy side 0.003%
Currency Futures Stamp Duty 0.0001% or ₹10 / crore on buy side ⛔ Does not offer 0.0001% on Buy Side
Currency Options Stamp Duty 0.0001% or ₹10 / crore on buy side ⛔ Does not offer 0.0001% on Buy Side
Commodity Futures Stamp Duty Does not offer ⛔ Does not offer 0.002% on Buy Side
Commodity Options Stamp Duty Does not offer ⛔ Does not offer 0.003% on Buy Side

Other Charges

M.stock chargesHDFC Sky review India: Brokerage chargesFyers review and brokerage charges
SEBI Turnover Charges ₹10/crore (For all segments) ₹10 / crore ₹10/Crore (For all segments)
DP Charges ₹12 + GST per ISIN per transaction per day ₹20 ₹7 + ₹5.5 (CDSL Charges)
GST charges 18% of (brokerage + transaction charges + Demat) 18% 18% of (brokerage + transaction charges + Demat)
Account Closure Charges Free Free Free
Reactivation Charges Free Free Free
Dematerialization Charges ₹150 per certificate + ₹100 courier charges ₹50 / Share Certificate + Courier Charges ₹0
Call and Trade charges ₹0 ₹20 / Call ₹50 per executed order