M,Stock vs Upstox Reviews 2025 | Which One Is Better

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M,Stock vs Upstox

Upstox , founded in 2009, is a discount broker. It supports trading on the NSE, BSE , MCX And NCDEX. It has 4 branch across 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.

Upstox

M,Stock vs Upstox

The Upstox trading platform provides trading, analysis, charting, and avariety of other advanced trading capabilities. This platform makes it simple to placeorders using mobile devices and online browsers. Upstox’s trading platform is basedon Omnisys NEST OMS (Order Management System) and RMS (Risk ManagementSystem). Upstox Pro allows you to trade equity F&O, equity intraday, commodities,and currency derivatives. Upstox Pro is the premium version of Upstox fortraders.Investors such as GVK Davix, Kalaari Capital, and Ratan Tata supportUpstox. UPSTOX established in 2009 ( then known as RKSV)..

M,StockUpstox
Establishment Year19972009
FounderPark Hyeon-JooMr.Ravi , Raghu Kumar , Mr.Shrini Vishwanath
Exchange of
Membership
BSE, NSENSE, BSE,NCDEX and
MCX
Broker TypeDiscount BrokerDiscount Broker
Company TypePublicPrivate
BranchesNA4

M,Stock vs Upstox Charges

ChargesM,StockUpstox
Trade and Call ChargeNA(₹50 + 18%
GST) per order.
Minimum Brokerage
Charges
0 Brokerage ChargesRs 20
Other ChargesNANA

M,Stock vs Upstox Offers

OffersM,StockUpstox
Free AMC
Free Brokerage, Limited
Free Account Opening
Charge
Flat Brokerage
Charges
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 ClientUpto Rs 700 per
client
Zero brokerage for
Loss Making Trade
Brokerage Cashback“]
Free Trading Calls
Free Research Report

M,Stock vs Upstox Product Provided

TypeM,StockUpstox
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 Upstox Advisory Services Provided

TypeM,StockUpstox
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 Upstox

FeaturesICICI DirectUpstox
Chart
Automated Trading
3 in 1 Account
Sms Alerts
Margin Against Shares
(Equity Cash)
Margin Against Shares
(Equity F&O)
Online Portfolio
Online Demo
Intraday Square-Off Time3:20 PMB/W 3:15 to
3:30
Global Indices
Real Time Update
Stock Tips
Multi Profile Management
Interactive Charts
Customised Recommendation
Online MF Buy

M,Stock vs Upstox Demat And AMC Charges

MSTOCK Charges rs 149 for account opening and rs .120 for its maintenance. While Upstox 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,StockUpstox
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 Upstox Brokerage Charges

Mstock offers flat costs for intraday trading and 0% broking on equities delivery. For regular traders, Mstock is more affordable,whereas Upstox costs Rs 20 per completed transaction or 0.2.5%, whichever is lesser. Below the table shows brokerage charges of both the platforms.

Brokerage ChargesM,stockUpstox
Brokerage PlanZero Delivery PlanFlat Brokerage
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 Upstox Leverage (Margin)

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

LeverageM,StockUpstox
Equity DeliveryUpto 5x (Depends on Stocks)Trade value at 100% (1x
leverage)
Equity Intraday1xUp to 20% of trade value
(5x leverage)
F&O (Currency, Equity,
Commodity)
5xSpan + Exposure = 100%
of NRML margin (1x
leverage

M,Stock vs Upstox Pros And Cons

Pros:

M,StockUpstox
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)Brokerage for all other areas,including equities delivery, is flat at Rs20 per deal.

2)Provide mutual funds directly. Asingle software for commodities,currency, and stock trading.

3)There is no account opening cost.Investment in mutual funds requiresno brokerage.

4)For slabs of Rs 40,000, the MarginTrading Facility (MTF) is offered at aninterest rate of Rs 20 per day.

5)There is a Margin Against Share.Bonds, NCDs, FPOs, and IPOs mayall be done online.

6)Orders that are Good-Till-Triggered(GTT) are accessible.

7)Minimal brokerage charges:Upstox helps traders save moneyon transaction costs by providingcompetitive brokerage prices.

Cons:

M,StockUpstox
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)The trading of SME shares is not provided viaangel broking.


2)The sales staff and Angel RM attempt tocross-sell additional goods and services.


3)There is no GTC/GTT order facility available.not available as a 3-in-1 account.

M,Stock vs Upstox 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,StockUpstox
Equity Delivery0.00325% (NSE) &
0.00375% (BSE)
NSE Rs 325 per Cr
(0.00325%) | BSE Rs 375
per Cr (0.00375%) (Each
Side)
Equity Intraday0.00325% (NSE) &
0.00375% (BSE)
NSE Rs 325 per Cr(0.00325%) | BSE Rs 375per Cr (0.00375%) (Sell Side)
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 3500 per Cr(0.035%) | BSE Rs 100per Cr (0.001%) (onpremium).
Currency Option0.035% (NSE)NSE Rs 90 per Cr
(0.0009%) | BSE Rs 22
per Cr (0.00022%)
Currency Future0.0009% (NSE)Group A – Rs 290 per Cr(0.0029%)
Commodity OptionNANA
Commodity FutureNAGroup A – Rs 290 per Cr
(0.0029%)

Review Comparison Of M,Stock vs Upstox By Customer

M,Stock is rated 6.5 of 10 , whereas Upstox is rated 7.5 of 10

RatingM,StockUpstox
Customer Services6.5/107.5/10
Fees7 /108/10
Brokerage Charges8/106/10
Trade and Call Charges6.5/107/10
Research Capabilities6/106.5/10
Overall Rating6.5/107.5/10

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. Upstox is praised for its low-cost architecture, intuitive user interface, and cutting-edge technologies like the Kite platform. It is especially appealing to traders who are tech-savvy yet cost-conscious. Though both sites are trustworthy and regulated, the decision comes down to personal preferences: Upstox offers affordable costs and cutting-edge technology,. Finally, the decision is based on personal objectives such as cost, service quality, and platform usability.

Customer Care Number/Email

MStock: 022- 41887711

Upstox : 022-41792999

Client can contact this number for clearing your doubt.

MStock Support Email: help@mstock.com

Upstox Support Email:- support@upstox.com

Client can contact this email for clearing your doubt.

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