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M.stock vs Upstox Review

M.stock vs Upstox Review

It’s very important to pick the right discount broker for your trading needs. Both Upstox and Mstock have made a name for themselves in the Indian market. But is there a clear winner between M.stock vs Upstox? Let’s do a full comparison to help you make your choice!

M.stock vs Upstox: Brokerage Charges

Upstox: Flat Rs 20 per order across equity delivery, intraday, and F&O, or 0.05% whichever is lower.
Mstock: Zero brokerage across all products, forever.

Winner

Mstock is the clear winner here because it offers the best long-term savings, especially for traders who do a lot of trades.

M.stock vs Upstox: Margin & Leverage

Upstox: Up to 5x margin for intraday and 1.3x across all Equity F&O contracts.
Mstock: Up to 4x margin for intraday and No leverage available for F&O.

Winner

Upstox is the winner here because it offers up to 5x margin for intraday and provides leverage for F&O contracts, whereas M.stock does not.

M.stock vs Upstox: Platform & Technology

Upstox: There are advanced charting tools, technical indicators, and order book insights on both web and mobile platforms. With an Upstox account, TradingView Premium is free.
Mstock: Issues with the M.stock app not working or responding during the live market. See the video below.

M.stock app not working or responding during market hours

Winner

Upstox is winner here because it has more trading features, provides TradingView premium for Free and is more reliable.

M.stock vs Upstox: Customer Support

Upstox: 24/7 customer support via chat, call, and email. While their chatbot provides immediate responses based on pre-loaded data, it may not be able to address complex inquiries or offer personalized support.
Mstock: 24/7 customer support via call and email.

In a comparison of response times for M.stock vs Upstox inquiries about margin offerings, Mstock responded via email within 2.5 hours, while Upstox has not yet responded after 10 hours.

m.stock customer support reply in 2 hours

Winner

M.stock is winner here because it responded in approx. 2.5 hours whereas Upstox reply is yet to come after 10 hours.

It would have been better if both platforms replied during trading hours, that is, before 3:30, but neither one did.

M.stock vs Upstox: Additional Factors

Account Opening: Both offer quick and paperless account opening. For Upstox it’s free, whereas Mstock charges ₹999, which is much higher.
Demat AMC: Upstox charges ₹0 AMC, while Mstock charges an additional one-time ₹999 along with an account opening fee OR ₹120 per quarter.
Mutual Funds: Both platforms offer online mutual fund investment.

Verdict

Mstock takes the lead with its zero brokerage forever, but higher account opening and AMC charges. However, Upstox shines with its user-friendly platform and reliable customer service.

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.

Product Name	M.stock charges Upstox app review India in 2024: Brokerage Charges list, AMC & Rating
Product Image
Price
Our Rating	8.2 8.4
Brand	m stock Upstox
Category	Stock brokers Stock brokers

Company Overview


Company name	Mirae Asset Capital Markets (India) Pvt Ltd Upstox- RKSV Securities India Private Limited (RSIPL)
Headquarters	Mumbai Delhi
Founder	Hyeon Joo Park Ravi Kumar
Establishment Year	June 1997 April 6, 2009

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
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

Pledge Charges


Pledge Creation Charges	₹25 per PSN (Pledge Sequence Number) per day (+GST) for 'Lifetime free AMC' plan ₹20 + GST per scrip for Equity & ₹50 + GST per scrip for pledging Futures buy and sell and Options Sell orders only
Pledge Invocation Charges	₹25 per PSN (Pledge Sequence Number) per day (+GST) for 'Lifetime free AMC' plan ₹50 + GST per scrip for unpledging
Interest on Margin Trading	Up to ₹25 Lakhs: 9.99%, Above ₹25 Lakhs to ₹5 Crore: 8.99%, Above ₹5 Crore: 6.99% ₹20/day for every slab of ₹40,000 taken as MTF
Margin Re-Pledge	₹25 per PSN ₹20 + GST per scrip for Equity

Brokerage charges & Fees


Brokerage Plan	Lifetime free AMC' plan Standard
Equity Delivery Charges	Zero ₹20 or 2.5% whichever is lower
Equity Intraday Charges	Zero ₹20 per executed order or 0.05% (whichever is lower)
Equity Futures charges	Zero ₹20 per executed order or 0.05% (whichever is lower)
Equity Options charges	Zero Flat ₹20 per executed order
Currency Futures charges	Zero ₹20 per executed order or 0.05% (whichever is lower)
Currency Options charges	Zero Flat ₹20 per executed order
Commodity Futures charges	Do not offer Commodity trading ₹20 per executed order or 0.05% (whichever is lower)
Commodity Options charges	Do not offer Commodity trading Flat ₹20 per executed order

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	1800 210 0818 022-41792999: All Trading Days – 8 am to 5 pm
Email Support	help@mstock.com support@upstox.com: All Trading Days – 8 am to 5 pm
Whatsapp Support	⛔ No
Website Support	⛔ Yes, 8AM - 7PM IST, Monday - Saturday

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	Leverage ranges from 3x to 4x depending on the stock (lower leverage for volatile stocks) Leverage ranges from 1x to 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. Leverage is 1.3x across all Equity F&O contracts
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
Currency F&O Margin Leverage	4x to 10x depending on the currency pair and contract type. Leverage is 1.3x across all Currency F&O contracts
Commodity F&O Intraday Margin Leverage	Does not offer trading in Commodity Leverage is 1.3x across all Commodity F&O contracts
Commodity F&O Carry Forward Margin Leverage	Does not offer trading in Commodity No leverage available; requires full margin upfront

Unique Offerings


Free Account Opening	⛔No ✅Yes
Free Brokerage	✅Yes On Mutual Funds and IPOs only
Free AMC	✅Yes, on 'Lifetime free AMC' plan only ✅Yes
Free Equity Delivery	✅Yes ⛔No
Free F&O Trading	✅Yes ⛔No
Free Intraday Trading	✅Yes ⛔No
Free Trading calls	✅Yes ⛔No
Happy Trading Hours	⛔No ⛔No
Flexible Brokerage Plans	✅Yes ⛔No
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	⛔No ✅Yes
Commodity Options	⛔No ✅Yes
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	⛔No ⛔No
Company Reports	⛔No ✅Yes, Basic only
Research Reports	⛔No ⛔No
Fundamental Reports	✅Yes, Basic only ✅Yes, Basic only
IPO Reports	✅Yes ✅Yes
Technical Reports	✅Yes, Basic only ✅Yes, Basic only
Stock tips	⛔No ⛔No
Daily Market Review	⛔No ✅Yes
Monthly Review	⛔No ✅Yes
Weekly Review	⛔No ✅Yes
Robo Advisory	⛔No ⛔No

STT & CTT Charges


Equity Delivery STT & CTT	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
Equity Futures STT & CTT	0.0125% on sell side 0.0125% on 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)
Currency Futures STT & CTT	No STT No STT
Currency Options STT & CTT	No STT No STT
Commodity Futures STT & CTT	Does not offer Commodity trading 0.01% on sell trade (Non-Agri)
Commodity Options STT & CTT	Does not offer Commodity trading 0.05% on sell trade

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	⛔No ⛔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	⛔No ✅Yes
Algo Trading Platform	⛔No ✅Yes
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% per trade on buy & sell. BSE charges vary as per the scrip group
Equity Intraday Transaction Charges	NSE: 0.00325%, BSE: 0.00375% NSE: 0.00325% per trade on buy & sell. BSE charges vary as per the scrip group
Equity Futures Transaction Charges	NSE: 0.0019% NSE Exchange turnover charge: 0.0019%. BSE: Nil
Equity Options Transaction Charges	NSE: 0.050% (on premium) NSE Exchange turnover charge: 0.050% (on premium). BSE: 0.0375% (on premium)
Currency Futures Transaction Charges	NSE: Exchange txn charge: 0.0009% NSE: Exchange txn charge: 0.0009% & BSE: Exchange txn charge: 0.00022%
Currency Options Transaction Charges	NSE: Exchange txn charge: 0.035% NSE: Exchange txn charge: 0.035% & BSE: Exchange txn charge: 0.001%
Commodity Futures Transaction Charges	Does not offer Non-Agri: Exchange turnover charge: 0.0026%
Commodity Options Transaction Charges	Does not offer Exchange turnover charge: 0.05%

Stamp Duty charges


Equity Delivery Stamp Duty	0.015% or ₹1500 / crore on buy side 0.015% or ₹1500 / crore on buy side
Equity Intraday Stamp Duty	0.003% or ₹300 / crore on buy side 0.003% or ₹300 / crore on buy side
Equity Futures Stamp Duty	0.002% or ₹200 / crore on buy side 0.002% or ₹200 / crore on buy side
Equity Options Stamp Duty	0.003% or ₹300 / crore on buy side 0.003% or ₹300 / crore on buy side
Currency Futures Stamp Duty	0.0001% or ₹10 / crore on buy side 0.0001% or Rs 10 per crore on buy-side
Currency Options Stamp Duty	0.0001% or ₹10 / crore on buy side 0.0001% or Rs 10 per crore on buy-side
Commodity Futures Stamp Duty	Does not offer 0.002% or ₹200 per crore on buy-side
Commodity Options Stamp Duty	Does not offer 0.003% or ₹300 per crore on buy-side

Other Charges


SEBI Turnover Charges	₹10/crore (For all segments) ₹10/crore (For all segments)
DP Charges	₹12 + GST per ISIN per transaction per day ₹18.5 + GST per scrip (irrespective of quantity)
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	₹150 per certificate + ₹100 courier charges ₹20 per Certificate
Call and Trade charges	₹0 ₹50 + 18% GST

M.stock vs Upstox Review

Table of Contents

M.stock vs Upstox: Brokerage Charges

M.stock vs Upstox: Margin & Leverage

M.stock vs Upstox: Platform & Technology

M.stock vs Upstox: Customer Support

M.stock vs Upstox: Additional Factors

Verdict

Post Disclaimer

Company Overview

Account opening & AMC

Pledge Charges

Brokerage charges & Fees

Customer services offered

Customer Support

Leverage (Margin) Offered

Unique Offerings

Services Provided

Order Types

Research & Reports

STT & CTT Charges

Trading Features

Trading Platforms

Transaction Charges

Stamp Duty charges

Other Charges

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