M,Stock vs Groww Reviews 2024 | Which Is Better
|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
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
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,Stock | Groww | |
Establishment Year | 1997 | 2016 |
Founder | Park Hyeon-Joo | Pravin jadhav |
Exchange of Membership | BSE, NSE | NSE, BSE SENSEX & NIFTY |
Broker Type | Discount Broker | Discount Broker |
Company Type | Public | Private |
Branches | NA | Not have any branches,it is a online trading platform,head office banglore India |
M,Stock vs Groww Charges
Charges | M,Stock | Groww |
Trade and Call Charge | NA | Additional Rs 50 per order |
Minimum Brokerage Charges | 0 Brokerage Charges | Rs 20 or 0.05 % per order( whichever is lower) |
Other Charges | NA | NA |
M,Stock vs Groww Offers
Offers | M,Stock | Groww |
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 Offers | Upto Rs 500 per Client | Not Available |
Zero brokerage for Loss Making Trade | ||
Brokerage Cashback | “] | |
Free Trading Calls | ||
Free Research Report | ||
M,Stock vs Groww Product Provided
Type | M,Stock | Groww |
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
Type | M,Stock | Groww |
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
Features | ICICI Direct | Groww |
Chart | ||
Automated Trading | ||
3 in 1 Account | ||
Sms Alerts | ||
Margin Against Shares (Equity Cash) | [ | |
Margin Against Shares (Equity F&O) | ||
Online Portfolio | Groww | |
Online Demo | ||
Intraday Square-Off Time | 3:20 PM | 3:10 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.
Charges | M,Stock | Groww |
Demat Account Opening Charges | Rs 149 | Rs 0 (Free) |
Demat Account AMC Charges | 120 per quarter | Rs 0 (Free) |
Trading Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
Trading Account AMC Charges | Rs. 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 Charges | M,stock | Groww |
Brokerage Plan | Zero Delivery Plan | NA |
Equity Delivery | Free | Rs.20 per Trade or 2.5%, whichever is low |
Equity Intraday | Rs. 20 per Trade | Rs.20 per Trade or 0.05%(whichever is low) |
Equity Option | Rs. 20 per Trade | Rs 20 per executed plan/order |
Equity Future | Rs.20 per Trade | Rs 20 per executed plan/ order or .03% whichever is lesser |
Currency Option | Rs. 20 per Trade | Rs 20 per executed plan/order |
Currency Future | Rs. 20 per Trade | Rs 20 per executed plan/order or .05% whichever is lesser |
Commodity Option | NA | Rs 20 per executed plan/order |
Commodity Future | NA | Rs 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
Leverage | M,Stock | Groww |
Equity Delivery | Upto 5x (Depends on Stocks) | 100% of trade value (1x leverage) |
Equity Intraday | 1x | Up to 20% of trade value (5x leverage) |
F&O (Currency, Equity, Commodity) | 5x | 100% of NRML margin (Span + Exposure) (1x leverage) |
M,Stock vs Groww Pros And Cons
Pros:
M,Stock | Groww |
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,Stock | Groww |
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 Charges | M,Stock | Groww |
Equity Delivery | 0.00325% (NSE) & 0.00375% (BSE) | NSE Rs 325 per Cr(0.00325%) | BSE Rs375 per Cr(0.00375%) (Sell Side) |
Equity Intraday | 0.00325% (NSE) & 0.00375% (BSE) | 0.00325% (NSE) & As per Stock (BSE) |
Equity Option | 0.05% (on premium) | NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (On Premium). |
Equity Future | 0.0019% (NSE & BSE) | NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 |
Currency Option | 0.035% (NSE) | NA |
Currency Future | 0.0009% (NSE) | NA |
Commodity Option | NA | NA |
Commodity Future | NA | NA |
Review Comparison Of M,Stock vs Groww By Customer
M,Stock is rated 6 of 10 , whereas Groww is rated 8 of 10
Rating | M,Stock | Groww |
Customer Services | 6.5/10 | 7.5/10 |
Fees | 6.5/10 | 8/10 |
Brokerage Charges | 6.5/10 | 8.5/10 |
Trade and Call Charges | 5.5/10 | 7/10 |
Research Capabilities | 5/10 | 6.5/10 |
Overall Rating | 6/10 | 8/10 |
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.