M.stock vs Shoonya vs HDFC Sky
In this article, we will review ‘M.stock vs Shoonya vs HDFC Sky‘ on the basis of Brokerage charges, Account maintenance charges, Investment options, Customer service, User reviews, Research and analysis, broker’s track record & reputation.
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| Product Name |
M.stock chargesShoonya Finvasia Brokerage charges ReviewHDFC Sky review India: Brokerage charges |
| Product Image |
|
| Price | |
| Our Rating | |
| Brand | m stock Shoonya |
| Category | Stock brokers Stock brokers Stock brokers |
Company Overview
   |
|
| Company name | Mirae Asset Capital Markets (India) Pvt Ltd Shoonya by Finvasia HDFC Sky |
| Headquarters | Mumbai Mumbai Mumbai |
| Founder | Hyeon Joo Park Sarvjeet Singh Virk and Tajinder Singh Virk Dhiraj Relli |
| Establishment Year | June 1997 2009 2023 |
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. | ₹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) ₹0 ₹20 / Month (Free for first year) |
Pledge Charges
|
|
| Pledge Creation Charges | ₹25 per PSN (Pledge Sequence Number) per day (+GST) for 'Lifetime free AMC' plan ₹20 ₹20 |
| Pledge Invocation Charges | ₹25 per PSN (Pledge Sequence Number) per day (+GST) for 'Lifetime free AMC' plan ₹20 ₹20 |
| Interest on Margin Trading | Up to ₹25 Lakhs: 9.99%, Above ₹25 Lakhs to ₹5 Crore: 8.99%, Above ₹5 Crore: 6.99% Does not provide 12% |
| Margin Re-Pledge | ₹25 per PSN ₹20 ₹20 |
Brokerage charges & Fees
|
|
| Brokerage Plan | Lifetime free AMC' plan Standard account Standard |
| Equity Delivery Charges | Zero ₹0 ₹20 or 0.1% (Whichever is Lower) |
| Equity Intraday Charges | Zero ₹0 ₹20 or 0.1% (Whichever is Lower) |
| Equity Futures charges | Zero ₹0 ₹20 or 0.1% (whichever is lower) |
| Equity Options charges | Zero ₹0 ₹20 / Order |
| Currency Futures charges | Zero ₹0 ₹20 or 0.1% (whichever is lower) |
| Currency Options charges | Zero ₹0 ₹20 / Order |
| Commodity Futures charges | Do not offer Commodity trading ₹0 ₹20 or 0.1% (whichever is lower) |
| Commodity Options charges | Do not offer Commodity trading ₹0 ₹20 / Order |
Customer services offered
|
|
| 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 |
No
Yes
|
| Referral Program |
Yes
Yes
Yes
|
Customer Support
|
|
| Call Support | 1800 210 0818 +91 1726 750 000, +91 9779 097 777 022-39019400 |
| Email Support | help@mstock.com clientsupport@shoonya.com customercare@hdfcsec.com |
| Whatsapp Support |
No
No
|
| Website Support |
Yes, Chat support
FAQs only
|
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. No leverage available; requires full margin upfront |
| 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; you need the full purchase value in your account. 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; you need the full purchase value in your account. 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; you need the full purchase value in your account. No leverage available; requires full margin upfront |
| Commodity F&O Intraday Margin Leverage | Does not offer trading in Commodity No leverage available; you need the full purchase value in your account. No leverage available; requires full margin upfront |
| Commodity F&O Carry Forward Margin Leverage | Does not offer trading in Commodity No leverage available; you need the full purchase value in your account. No leverage available; requires full margin upfront |
Unique Offerings
|
|
| Free Account Opening |
No
Yes
Yes
|
| Free Brokerage |
Yes
Yes
On Mutual Funds and IPOs only
|
| Free AMC |
Yes, on 'Lifetime free AMC' plan only
Yes
No
|
| Free Equity Delivery |
Yes
Yes
No
|
| Free F&O Trading |
Yes
Yes
No
|
| Free Intraday Trading |
Yes
Yes
No
|
| Free Trading calls |
Yes
No
No
|
| Happy Trading Hours |
No
No
No
|
| Flexible Brokerage Plans |
Yes
Yes
No
|
| Referral Offers |
Yes
Yes
Yes
|
| Margin Funding (MTF)/ Pledging |
Yes
No
Yes
|
| Brokerage Cashback |
No
No
No
|
| Zero Brokerage for Loss Making Trades |
No
No
No
|
| Relationship Manager |
No
No
No
|
Services Provided
|
|
| Equity Delivery |
Yes
Yes
Yes
|
| Equity Intraday |
Yes
Yes
Yes
|
| Equity Futures |
Yes
Yes
Yes
|
| Equity Options |
Yes
Yes
Yes
|
| Currency Futures |
Yes
Yes
No
|
| Currency Options |
Yes
Yes
No
|
| Commodity Futures |
No
Yes
No
|
| Commodity Options |
No
Yes
No
|
| Foreign Stocks |
No
No
Yes, US stocks
|
| 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
|
|
| Market Order |
Yes
Yes
Yes
|
| Limit Order |
Yes
Yes
Yes
|
| Bracket Order |
Yes
Yes
No
|
| Cover Order |
Yes
Yes
No
|
| 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
|
|
| Annual Reports |
No
No
Yes
|
| Company Reports |
No
No
Yes
|
| Research Reports |
No
No
No
|
| Fundamental Reports |
Yes, Basic only
No
Yes
|
| IPO Reports |
Yes
Yes
Yes
|
| Technical Reports |
Yes, Basic only
No
No
|
| Stock tips |
No
No
No
|
| Daily Market Review |
No
Yes
Yes
|
| Monthly Review |
No
No
Yes
|
| Weekly Review |
No
No
Yes
|
| Robo Advisory |
No
No
No
|
STT & CTT Charges
|
|
| Equity Delivery STT & CTT | 0.1% on buy & sell 0.1% on buy & sell 0.1% on Buy & Sell |
| Equity Intraday STT & CTT | 0.025% on the sell side 0.025% on the sell side 0.025% on the sell side |
| Equity Futures STT & CTT | 0.0125% on sell side 0.0125% on sell side 0.0125% on the sell side |
| 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 side (on premium) |
| Currency Futures STT & CTT |
No STT
No STT
Does not offer
|
| Currency Options STT & CTT |
No STT
No STT
Does not offer
|
| Commodity Futures STT & CTT |
Does not offer Commodity trading
0.01% (of Selling Value)
Does not offer
|
| Commodity Options STT & CTT |
Does not offer Commodity trading
0.05% (of Selling Value)
Does not offer
|
Trading Features
|
|
| 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
No
|
| Advanced charting |
Yes
Yes
No
|
| Live market |
Yes
Yes
Yes
|
| Multiple Profile Management |
No
No
No
|
| Secure Platform |
Yes
Yes
Yes
|
Trading Platforms
|
|
| Android App |
Yes
Yes
Yes
|
| iOS App |
Yes
Yes
Yes
|
| Web Trading Platform |
Yes
Yes
Yes
|
| Trading Terminal |
No
Yes
No
|
| Algo Trading Platform |
No
Yes
No
|
| Foreign Stocks Trading Platform |
No
No
Yes, US stocks only
|
| Basket Trading Platform |
Yes
Yes
No
|
| Mutual Fund Investment Platform |
Yes
Yes
Yes
|
| Digital Gold Investment Platform |
No
No
No
|
| Bonds Investment Platform |
No
No
No
|
Transaction Charges
|
|
| Equity Delivery Transaction Charges | NSE: 0.00325%, BSE: 0.00375% 0.00325% NSE: 0.00325% | BSE: 0.00325% |
| Equity Intraday Transaction Charges | NSE: 0.00325%, BSE: 0.00375% 0.00325% NSE: 0.00325% | BSE: 0.00325% |
| Equity Futures Transaction Charges | NSE: 0.0019% Exchange txn charge: 0.0019% NSE: 0.00230% |
| Equity Options Transaction Charges | NSE: 0.050% (on premium) Exchange txn charge: 0.05% (on premium) NSE: 0.056% (on premium) |
| Currency Futures Transaction Charges | NSE: Exchange txn charge: 0.0009% Exchange txn charge: 0.0009% Does not offer |
| Currency Options Transaction Charges | NSE: Exchange txn charge: 0.035% Exchange txn charge: 0.035% Does not offer |
| Commodity Futures Transaction Charges | Does not offer 260/ crore Does not offer |
| Commodity Options Transaction Charges | Does not offer 5000/ crore Does not offer |
Stamp Duty charges
|
|
| Equity Delivery Stamp Duty | 0.015% or ₹1500 / crore on buy side 0.015% 0.015% or ₹1500 / crore on buy side |
| Equity Intraday Stamp Duty | 0.003% or ₹300 / crore on buy side 0.003% 0.003% or ₹300 / crore on buy side |
| Equity Futures Stamp Duty | 0.002% or ₹200 / crore on buy side 0.002% 0.002% or ₹200 / crore on buy side |
| Equity Options Stamp Duty | 0.003% or ₹300 / crore on buy side 0.003% 0.003% or ₹300 / crore on buy side |
| Currency Futures Stamp Duty |
0.0001% or ₹10 / crore on buy side
0.0001% on Buy Side
Does not offer
|
| Currency Options Stamp Duty |
0.0001% or ₹10 / crore on buy side
0.0001% on Buy Side
Does not offer
|
| Commodity Futures Stamp Duty |
Does not offer
0.002%
Does not offer
|
| Commodity Options Stamp Duty |
Does not offer
0.003%
Does not offer
|
Other Charges
|
|
| SEBI Turnover Charges | ₹10/crore (For all segments) ₹10/Crore (For all segments) ₹10 / crore |
| DP Charges | ₹12 + GST per ISIN per transaction per day ₹9 + GST/scrip ₹20 |
| GST charges | 18% of (brokerage + transaction charges + Demat) 18% of (brokerage + transaction charges + Demat) 18% |
| Account Closure Charges | Free Free Free |
| Reactivation Charges | Free Free Free |
| Dematerialization Charges | ₹150 per certificate + ₹100 courier charges ₹150 per certificate + ₹100 courier charges ₹50 / Share Certificate + Courier Charges |
| Call and Trade charges | ₹0 ₹0 ₹20 / Call |
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