MStock vs IIFL Securities Review 2025 | Which One is Better
MSTOCK
The trading platform MStock owned by Mirae Asset, provides a flat ₹20 per order
for intraday, F&O, and other segments, as well as a competitive zero broking model
for equity delivery. The platform offers real-time data, sophisticated charting capabilities, and an intuitive user interface for inexperienced and seasoned traders.
Research reports, instructional materials, and easy account opening are further
features offered by MStock. Even with its advantages, some consumers might feel
that the platform’s customer support could use some work.
It Offers plans for opening an account. For a one-time payment of ₹999, they can
take advantage of zero broking in all categories. As an alternative, they can pay ₹149
as a one-time cost to select a low-brokerage plan.plans for opening an account.
Customers can have zero broking in all segments for a ₹999 one-time charge. Alternatively, they can pay ₹149 as a one-time cost to select a low-brokerage plan.
IIFL SECURITIES
IIFL Securites provides a complete trading platform with affordable broking fees securities. The broking for equity delivery is 0.25% per trade; intraday trades are
charged 0.05%. Trading options costs ₹100 per lot, whereas trading futures costs
0.05%. The annual maintenance charge (AMC) for their Demat account is ₹250, in
addition to an account opening fee of ₹295. Both novice and seasoned traders can
benefit from IIFL’s user-friendly interface, research assistance, and range of
investment alternative
MSTOCK VS IIFL SECURITIES
| MStock | IIFL Securities | |
| Establishment Year | Park Hyeon-Joo | Nirmal Jain |
| Founder Name | 1997 | 1995 |
| Company Type | Private | Private |
| Broker Type | Full Service | Full Service |
| Branches | NA | 2700+ |
MSTOCK VS IIFL SECURITIES CHARGES
| Charges | MStock | IIFL Securites |
| Call and Trade Charges | NA | Rs %0 per call |
| Minimum Brokerage | 0 Brokerage Charges | Rs 25 |
| Other Charges | NA | Advisory SMS – Rs 20 per month |
MSTOCK VS IIFL SECURITIES TRADING PLATFORM
Mstock provides a user-friendly platform with zero brokerage on equity delivery, focusing on
cost efficiency for frequent traders. IIFL Securities offers a more feature-rich platform with
advanced tools, research, and diverse investment options, catering to both novice and
experienced investors with a percentage-based brokerage structure. Also you can start
trading with their android apps. Below the table shows some other important features
| Trading Platfrom | MStock | IIFL Securities |
| Android App | MStock App | IIFL App |
| Algo Trading Platform | NA | NA |
| Trading Terminal | NA | NA |
| Foreign Stocks Trading Platform | NA | NA |
| Basket Trading Platform | NA | NA |
| Mutual Fund Investment Platform | Available | Available |
| Digital Gold Investment Platform | NA | Available |
| Bond Investment Platform | NA | NA |
MSTOCK VS IIFL SECURITIES OFFERS
| Offers | MStock | IIFL Securities |
| Free AMC | 1st Year Free | |
| Free Account Opening | ||
| Free Brokerage | , Limited | |
| Falt Brokerage | ||
| Flexible Brokerage | ||
| Free Delivery and Intraday Trading | , Limited | |
| Free F&O | , Limited | |
| Free Research Reports | ||
| Free Trading Calls | ||
| Referal Offers | Upto Rs 500 per Client | Upto Rs 500 per Client |
| Margin Funding and Pledging | ||
| Brokerage Cashback | ||
| Zero Brokerage for Loss Making Trade | ||
MSTOCK VS IIFL SECURITIES PRODUCT PROVIDED
| Product Provided | MStock | IIFL Securities |
| Equity Intraday | ||
| Equity Delivery | ||
| Equity Option | ||
| Equity Future | ||
| Currency Option | ||
| Currency Future | ||
| Commodity Option | ||
| Commodity Future | ||
| Mutual Funds | ||
| Foreign Stock | ||
| Banking | ||
| Insurance | ||
| Corporate/Govt. Bonds | ||
| Digital Gold | ||
MSTOCK VS IIFL SECURITIES TRADING PLATFORM FEATURES
| Features | MStock | IIFL Securities |
| Real Time Update | ||
| Portfolio Detailes | ||
| Online MF Buy | ||
| Research Report | ||
| Global Indicies | ||
| Stock Tips | ||
| Interactive Charts | ||
| Multi Profile Management | ||
| Robust and Safer Platform | ||
| SMS Alerts | ||
| Online Demo | ||
MSTOCK VS IIFL SECURITIES DEMAT/ TRADING ACCOUNT AND AMC CHARGES
MSTOCK Charges rs 149 for account opening and rs .120 for its maintenance while iifl
Charges rs.0 for account opening and rs.250 for account maintenance see the table below
| Charges | MStock | IIFL Securities |
| Demat Account Opening Charges | Rs 149 | Rs 0 (Free) |
| Demat Account AMC Charges | 120 per quarter | Rs 250 per year (1st Year Free) |
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 (Free) | Rs 0 (Free) |
MSTOCK VS IIFL SECURITIES BROKERAGE CHARGES
IIFL Securities levies a percentage-based broking, whereas Mstock offers flat costs for
intraday trading and 0% broking on equities delivery. For regular traders, Mstock is more
affordable, while IIFL offers more extensive offerings. The table below shows some of its
Brokerage Charges.
| Brokerage Charges | MStock | IIFL Securities |
| Brokerage Plan | Zero Delivery Plan | iValue Brokerage |
| Equity Delivery | Free | 0.25% of Transaction Value |
| Equity Intraday | Rs.20 per Trade | 0.25% of Transaction Value |
| Equity Option | Rs.20 per Trade | Rs.20 per Trade |
| Equity Future | Rs.20 per Trade | 0.25% of Transaction Value |
| Currency Option | Rs.20 per Trade | Rs.20 per Trade |
| Currency Future | Rs.20 per Trade | 0.25% of Transaction Value |
| Commodity Option | NA | Rs.25 per Lot |
| Commodity Future | NA | 0.25% of Transaction Value |
MSTOCK VS IIFL SECURITIES MARGIN LEVERAGE
See the table below to know about money margin leverage of both the platform.
| Margin Leverage | MStock | IIFL Securities |
| Equity Intraday | Upto 5x (Depends on Stocks) | Upto 5x (Depends on Stocks) |
| Equity Delivery | 1x | 1x |
| F&O (Equity, Currency, Commodity) | 1.3x | 1.3x |
MSTOCK VS IIFL SECURITIES PROS AND CONS
Pros:
| MStock | IIFL Securities |
| 1)Zero Broking: mStock is a cost-effective option for investors that prioritise long-term holdings because it offers zero broking on delivery trades. 2)Low Cost: The broking is incredibly cheap for intraday and F&O transactions, with flat fees per order, lowering the total cost of trading. 3) Trading Platform: Suitable for both inexperienced and seasoned traders, the platform offers a user-friendly interface along with technical indicators, real-time data, and extensive charting tools. 4) Multiple Products: mStock provides a full trading experience by supporting trading across multiple segments, such as equities, derivatives, currencies, and commodities. 5) Portfolio Analytics: With the platform’s features for tracking and analysing portfolios, customers may keep an eye on performance and proactively modify their investment portfolios. 6) High Security: mStock employs advanced security measures, including two-factor authentication and encryption, ensuring the safety of user data and transactions | 1) Zero Broking: mStock is a cost-effective option for investors that prioritise long-term holdings because it offers zero broking on delivery trades. 2)Low Cost: The broking is incredibly cheap for intraday and F&O transactions, with flat fees per order, lowering the total cost of trading. extensive . 3) Trading Platform: Suitable for both inexperienced and seasoned traders, the platform offers a user-friendly interface along with technical indicators, real-time data, and extensive charting tools. 4) Multiple Products: mStock provides a full trading experience by supporting trading across multiple segments, such as equities, derivatives, currencies, and commodities. 5) Research and Insights: Research reports, market insights, and professional advice are available to users 6) Portfolio Management Services: The firm offers professional portfolio management services (PMS), allowing clients to have their investments managed by experts for potentially higher returns. 7) Competitive Brokerage Plans: IIFL Securities offers various brokerage plans, including flat-fee and percentage-based models, allowing investors to choose a plan that best suits their trading frequency and volume. 8) It Offers Multi Profile Management system. |
Cons:
| MStock | IIFL Securities |
| 1) Limited Physical Presence: mStock has few physical branches and largely conducts business online, which may be a drawback for investors who would rather receive help in person. 2) Platform Stability: During periods of extreme market volatility, some customers may occasionally encounter technical difficulties or outages that compromise the trading platform’s dependability. 3) Research and Advisory: Compared to traditional brokerage firms, mStock’s research and advisory services might be less comprehensive, potentially limiting the depth of market insights available to users. 4) Advanced capabilities: Although the platform is easy to use, it might not have all the tools and capabilities that experienced traders need to execute sophisticated trading strategies. 5) Product Range: While mStock provides a range of trading segments, some specialised investment solutions offered by other full-service brokers may not be covered by it. | 1)Complicated Fee Structure: It might be challenging for consumers to project their overall spending due to the fee structure complexity, which may contain several fees such transaction fees, account maintenance fees, and hidden costs. 2)Platform Stability Problems: The trading platform has occasionally been known to experience technical problems and hiccups, which can be problematic during busy trading hours. 3) Customer Service: When prompt assistance is required, some users have reported delays and inconsistent response times from customer service, which can be annoying. 4) High Margin Requirements: IIFL Securities may have higher margin requirements compared to other brokers, which can limit the trading capacity of investors with smaller capital. 5) Slow Account Opening Process: The account opening process, although online, can sometimes be slower and more cumbersome compared to the streamlined processes of some competitors. |
MSTOCK VS IIFL SECURITIES REVIEW
Mstock has a rating of 3.5 from 155 customers while IIFL Securities has a 4.3 rating by 250
customers for better understanding see the table below.
| Review | MStock | IIFL Securities |
| Customer Services | ⭐⭐ | ⭐⭐⭐ |
| Fees | ⭐⭐⭐ | ⭐⭐ |
| Brokerage Chargres | ⭐⭐ | ⭐⭐ |
| Product and Services | ⭐⭐ | ⭐⭐⭐ |
| Overall Rating | ⭐⭐⭐ | ⭐⭐⭐⭐ |
MSTOCK VS IIFL SECURITIES TRANSACTION CHARGES
| Transaction Charges | MStock | IIFl Securities |
| Equity Intraday | 0.00325% (NSE) & 0.00375% (BSE) | 0.00335% (NSE) & As per Stock (BSE) |
| Equity Delivery | 0.00325% (NSE) & 0.00375% (BSE) | 0.00335% (NSE) & As per Stock (BSE) |
| Equity Option | 0.05% (on premium) | 0.05% (on premium) |
| Equity Future | 0.0019% (NSE & BSE) | 0.002% (NSE & BSE) |
| Currency Option | 0.035% (NSE) | 0.037% (NSE) & 0.001% (BSE) |
| Currency Future | 0.0009% (NSE) | 0.0009% (NSE) & 0.00022% (BSE) |
| Commodity Option | NA | 0.05% (Non Agri) |
| Commodity Future | NA | 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special). |
Conclusion: For traders on a tight budget, mStock provides affordable trading on an easy-to-use
platform. Nevertheless, it is devoid of sophisticated features and thorough study. Conversely,
IIFL Securities offers comprehensive research, a wide range of investment options, and
strong advisory services; nevertheless, their pricing structure is more complicated and they
charge higher broking fees. Which is more important, cost-effectiveness or a full-service
broking experience with comprehensive research and support.
Customer Care Number/Email
MStock: 022- 41887711
IIFL Securities: 1960-267-3000 / 7039-050-0000.
Clients can contact this number to clear their doubt.
MStock Support Email: help@mstock.com
IIFL Securities Support Email: ir@iifl.com
Clients can contact this email to clear their doubt.
Is IIFL Securities safe or not?
Iifl Securities is a trusted broker because It is highly regulated. Our legal experts verify information about Iifl Securities that is sourced from regulatory authorities. Clients of Iifl Securities have access to current investor protection initiatives.
What are the disadvantages of M stock?
m. Stock does not provide research reports, trading advice, analysis, or recommendations on stocks. Commodity investing is not yet an option. If investors do not choose the ₹ 999 Zero Broking plan, they will be charged a standard AMC of ₹ 120 each quarter.
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