M,Stock vs Groww Reviews 2024 | Which Is Better

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M,Stock vs Groww

Groww , founded in 2016, is a discount broker. It supports trading on the NSE and BSE. It has 0 branches in India. M,Stock , founded in 1997, is a Discount broker. It supports trading on the BSE, NSE, It has No branches in India .

M,Stock

M,Stock vs Kotak Securities

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.

Groww

M,Stock vs Groww

Groww is the brand name for Nextbillion Technology Private Limited, aSEBI-registered stockbroker and member of the NSE and BSE. Groww, founded in2016, began as a direct mutual fund investing platform. In the mid-2020s, Growwexpanded its product offering to include equity trading. Other investing alternatives available to users include digital gold, US stocks, and fixed deposits. Groww chargesa lesser fee of Rs 20 or 0.05% each performed deal. You pay a maximum of Rs 20as brokerage for an order, regardless of quantity or value. Groww provides freemutual fund services, including no expenses for investing or redeeming mutualfunds.Groww’s proprietary trading platform, Groww (web and mobile trading app),provides its investors with a flawless trading experience.

M,StockGroww
Establishment Year19972016
FounderPark Hyeon-JooPravin jadhav
Exchange of
Membership
BSE, NSENSE, BSE SENSEX & NIFTY
Broker TypeDiscount BrokerDiscount Broker
Company TypePublicPrivate
BranchesNANot have any
branches,it is a online
trading platform,head
office banglore India

M,Stock vs Groww Charges

ChargesM,StockGroww
Trade and Call ChargeNAAdditional Rs 50
per order
Minimum Brokerage
Charges
0 Brokerage ChargesRs 20 or 0.05 %
per order(
whichever is
lower)
Other ChargesNANA

M,Stock vs Groww Offers

OffersM,StockGroww
Free AMC
Free Brokerage, Limited
Free Account Opening
Charge
Flat Brokerage
Charges
Yes But limited
Flexible Brokerage
Charges
Free Intraday Charges, Limited
Free Delivery Charges, Limited
Margin Funding and
Pledging
Free F&O Trading, Limited
Refferal OffersUpto Rs 500 per ClientNot Available
Zero brokerage for
Loss Making Trade
Brokerage Cashback“]
Free Trading Calls
Free Research Report

M,Stock vs Groww Product Provided

TypeM,StockGroww
Equity Delivery
Equity Intraday
Equity Option
Equity Future
Currency Option
Currency Future
Commodity Options
Commodity Future
Mutual Funds
Foreign stocks
Banking
Insurance
Digital Gold
Govt. Bonds
Corporate Bonds

M,Stock vs Groww Advisory Services Provided

TypeM,StockGroww
IPO Service
Weekly and Monthly
Review
Daily Stock Picks and Stock Tips
PMS or PCG
Trading Institution
Demat and Trading
Service
Intraday Service
Share Pledging
NRI Service
3 In 1 Account
Company and Annual Report
Stock Recommendation
and Research report

Features Of M,Stock vs Groww

FeaturesICICI DirectGroww
Chart
Automated Trading
3 in 1 Account
Sms Alerts
Margin Against Shares
(Equity Cash)
[
Margin Against Shares
(Equity F&O)
Online PortfolioGroww
Online Demo
Intraday Square-Off Time3:20 PM3:10 PM
Global Indices
Real Time Update
Stock Tips
Multi Profile Management
Interactive Charts
Customised Recommendation
Online MF Buy

M,Stock vs Groww Demat And AMC Charges

MSTOCK Charges rs 149 for account opening and rs .120 for its maintenance. While Groww has Rs.0 annual maintenance cost (AMC) for trading accounts, butcharges a ₹0 yearly fee for DEMAT accounts. Many investors favour itbecause of its competitive cost, user-friendly layout, and excellent customer service.

ChargesM,StockGroww
Demat Account Opening ChargesRs 149Rs 0 (Free)
Demat Account AMC Charges120 per quarterRs 0 (Free)
Trading Account Opening ChargesRs 0 (Free)Rs 0 (Free)
Trading Account AMC ChargesRs. 0 (Free)Rs. 0 (Free)

M,Stock vs Groww Brokerage Charges

Mstock offers flat costs for intraday trading and 0% broking on equities delivery. For regular traders, Mstock is more affordable,whereas Groww costs Rs 20 per completed transaction or 0.05%, whichever is lesser , .Below the table shows brokerage charges of both the platforms.

Brokerage ChargesM,stockGroww
Brokerage PlanZero Delivery PlanNA
Equity DeliveryFreeRs.20 per Trade or 2.5%,
whichever is low
Equity IntradayRs. 20 per TradeRs.20 per Trade or 0.05%(whichever is low)
Equity OptionRs. 20 per TradeRs 20 per executed
plan/order
Equity FutureRs.20 per TradeRs 20 per executed plan/
order or .03% whichever is
lesser
Currency OptionRs. 20 per TradeRs 20 per executed
plan/order
Currency FutureRs. 20 per TradeRs 20 per executed
plan/order or .05%
whichever is lesser
Commodity OptionNARs 20 per executed
plan/order
Commodity FutureNARs 20 per executed plan/
order or .05% whichever is
lesser

M,Stock vs Groww Leverage (Margin)

See the table below to know about money margin leverage of both the platform

LeverageM,StockGroww
Equity DeliveryUpto 5x (Depends on Stocks)100% of trade value (1x
leverage)
Equity Intraday1xUp to 20% of trade value
(5x leverage)
F&O (Currency, Equity,
Commodity)
5x100% of NRML margin
(Span + Exposure) (1x
leverage)

M,Stock vs Groww Pros And Cons

Pros:

M,StockGroww
1)Zero Broking: mStock is acost-effective option for investors thatprioritise long-term holdings because itoffers zero broking on delivery trades.

2)Low Cost: The broking is incrediblycheap for intraday and F&Otransactions, with flat fees per order,lowering the total cost of trading.

3) Trading Platform: Suitable for bothinexperienced and seasoned traders,the platform offers a user-friendlyinterface along with technicalindicators, real-time data, andextensive charting tools.

4) Multiple Products: mStock providesa full trading experience by supportingtrading across multiple segments,such as equities, derivatives,currencies, and commodities.

5) Portfolio Analytics: With theplatform’s features for tracking andanalysing portfolios, customers maykeep an eye on performance andproactively modify their investmentportfolios.

6) High Security: mStock employsadvanced security measures, includingtwo-factor authentication andencryption, ensuring the safety of userdata and transactions
1)No setup costs for accounts. NoUpkeep Fees.

2)A direct mutual fund platform thatincreases your returns by 1.5%.

3)Free investing in mutual funds with noadditional fees.

4)E-books, resources, and blogs thatoffer stock market information and fundamentals to assist investors inmaking well-informed decisions.

5)Instantaneous account openingwithout paper work and onlineapplication for an IPO.

6)Digital gold and US stocks may beinvested in online using the in-housebrokerage calculator. Additional goods(FD, derivatives) in the works.

Cons:

M,StockGroww
1) Limited Physical Presence: mStockhas few physical branches and largely conducts business online,which may be a drawback forinvestors who would rather receivehelp in person.

2) Platform Stability: During periodsof extreme market volatility, somecustomers may occasionallyencounter technical difficulties oroutages that compromise the tradingplatform’s dependability.

3) Research and Advisory: Comparedto traditional brokerage firms,mStock’s research and advisoryservices might be lesscomprehensive, potentially limitingthe depth of market insights availableto users.

4) Advanced capabilities: Althoughthe platform is easy to use, it mightnot have all the tools and capabilitiesthat experienced traders need toexecute sophisticated tradingstrategies.

5) Product Range: While mStockprovides a range of tradingsegments, some specialisedinvestment solutions offered by otherfull-service brokers may not becovered by it.
1)Restricted investment goods withoutthe ability to trade in the currency,commodities, or derivatives (futures &options) segments at this time.

2)Trade and No Call services alsoThere is no branch support providedand it doesn’t offer research reports,stock suggestions, orrecommendations.

3)Doesn’t provide SME share trading.

4)No facility for margin trading with Nomargin required against shares.

5)Not accessible are advanced ordertypes like BO, CO, AMO, and GTT.

6)Do not offer NRI Trading.7)Branch support not available..

M,Stock vs Groww Transactions Charges

Below the table shows Equity Intraday, Equity Delivery, Equity Option , Future and
Commodity options/ Future and Currency Option/Future Transaction charges of both the
platform.

Transaction ChargesM,StockGroww
Equity Delivery0.00325% (NSE) &
0.00375% (BSE)
NSE Rs 325 per Cr(0.00325%) | BSE Rs375 per Cr(0.00375%) (Sell Side)
Equity Intraday0.00325% (NSE) &
0.00375% (BSE)
0.00325% (NSE) &
As per Stock (BSE)
Equity Option0.05% (on premium)NSE Rs 5000 per Cr
(0.05%) | BSE Rs 3750
per Cr (0.0375%) (On
Premium).
Equity Future0.0019% (NSE & BSE)NSE Rs 190 per Cr
(0.0019%) | BSE Rs 0
Currency Option0.035% (NSE)NA
Currency Future0.0009% (NSE)NA
Commodity OptionNANA
Commodity FutureNANA

Review Comparison Of M,Stock vs Groww By Customer

M,Stock is rated 6 of 10 , whereas Groww is rated 8 of 10

RatingM,StockGroww
Customer Services6.5/107.5/10
Fees6.5/108/10
Brokerage Charges 6.5/108.5/10
Trade and Call Charges5.5/107/10
Research Capabilities5/106.5/10
Overall Rating6/108/10

Conclusion:For traders on a tight budget, m,Stock provides affordable trading on an easy-to-use platform. Nevertheless, it is devoid of sophisticated features and thorough study. Groww is the best alternative because it offers a wide selection of investment possibilities, sophisticated research tools, and affordable brokerage costs. Groww is ideal for novices and those who value simplicity and convenience of use in their investing journey,. Finally, the decision is based on personal objectives such as cost, service quality, and platform usability.

Customer Care Number/Email

MStock: 022- 41887711

Groww :- +91 9108800000

Client can contact this number for clearing your doubt.

MStock Support Email: help@mstock.com

Groww Support Email : Support@Groww.com

Client can contact this email for clearing your doubt.

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