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

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

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,Stock vs Upstox Charges
Charges | M,Stock | Upstox |
Trade and Call Charge | NA | (₹50 + 18% GST) per order. |
Minimum Brokerage Charges | 0 Brokerage Charges | Rs 20 |
Other Charges | NA | NA |
M,Stock vs Upstox Offers
M,Stock vs Upstox Product Provided
M,Stock vs Upstox Advisory Services Provided
Features Of M,Stock vs Upstox
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.
Charges | M,Stock | Upstox |
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 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.
M,Stock vs Upstox Leverage (Margin)
See the table below to know about money margin leverage of both the platform
M,Stock vs Upstox Pros And Cons
Pros:
M,Stock | Upstox |
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,Stock | Upstox |
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.
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
Rating | M,Stock | Upstox |
Customer Services | 6.5/10 | 7.5/10 |
Fees | 7 /10 | 8/10 |
Brokerage Charges | 8/10 | 6/10 |
Trade and Call Charges | 6.5/10 | 7/10 |
Research Capabilities | 6/10 | 6.5/10 |
Overall Rating | 6.5/10 | 7.5/10 |
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.