by admin | May 3, 2024
Zerodha and M Stocks are major players in the online brokerage sector, both offering unique features for traders and investors. In today’s market, compare Zerodha vs M Stock, each has its own unique features.
In this detailed comparison, we’ll explore the aspects that match your preferences, company overview, features, charges, pros & cons, trading platforms, and customer support. By the end, you will gain a comprehensive understanding of the Zerodha vs mStock debate, We will help you take an informed decision on your investment objectives.
Table of Contents
Zerodha & m Stock Overview
| Company Overview | Zerodha | MStock |
| Company Type | Private | Private |
| Headquarters | Bangalore | Mumbai |
| Founder | Nithin Kamath | Park Hyeon-Joo |
| Establishment Year | 2010 | 1997 |
Zerodha Overview
Founded in 2010, Zerodha is considered one of the best and largest stockbrokers in India. With over 1 crore clients active on the Zerodha platform every day, it accounts for more than 15% of all Indian retail trading volumes. The company’s platforms include Zerodha Kite website, Zerodha Kite application, Zerodha Coin (Mutual fund Investment), and Zerodha Console (Back office).
The company offers zero brokerage for equity trading and direct mutual funds. Zerodha is regarded as the most transparent stockbroker in India and has become the fastest-growing platform in India because of its efforts for continuous improvement and innovation.
m Stock Overview
Mirae Asset, a global financial powerhouse, and topmost stockbroker in South Korea and Indonesia has launched m.Stock in India in April 2022. The company has been providing excellent services for the last 19 years in 15 global markets. It manages 700 billion assets. Further, it offers trading platforms such as a mobile application and a website. Mirae Asset is on a mission to redefine the broking space in India with its zero brokerage for life plan.
Zerodha and mStock Features
Zerodha features:
1. Advanced online trading platforms:– Zerodha offers various advanced trading platforms such as Kite 3.0 (Web trading platform), Kite Android / Kite iOS, Zerodha Console, Zerodha Sentinel, and Zerodha Coin.
2. Advanced trading tools:– The platform offers advanced trading tools such as TradingView charts and ChartIQ charts. Zerodha charting tools are designed to help you trade and invest with proper research.
3. Zero brokerage for equity delivery and mutual funds:- The company has zero brokerage for equity delivery and mutual funds, which means that you do not have to pay any commission or fees when you buy or sell shares or mutual funds through its platform. This can save you a lot of money and increase your returns in the long run.
4. Maximum brokerage of 20 per trade:- Zerodha charges a flat fee of Rs. 20 per executed order, irrespective of the trade size or value, for all segments except equity delivery and direct mutual funds.
5. Margin up to 20X for intraday trading:- You can leverage up to 20 times the available funds in your account for intraday trading in equity and F&O segments.
6. Zero commission on direct mutual funds:- The platform does not charge any commission or fees when you buy or sell direct mutual funds through Zerodha. Direct mutual funds are the ones that do not involve any intermediaries or distributors.
7. Call and trade feature:- Zerodha offers a call and trade feature to its clients who are unable to access the online trading platforms due to various reasons, such as internet issues, technical glitches, power outages, etc.
8. You can invest in IPOs online:- With Zerodha you can apply for IPOs of various companies through the platform.
9. 2 in-1 account:- A 2-in-1 Demat and trading account allows you to seamlessly trade and invest in the stock market with a single login and interface.
10. GTT orders (Good till triggered):- Zerodha GTT order (Good till triggered) is a feature that they offer to help traders place orders that are valid until a certain condition is met. GTT orders allow you to set a trigger price and an order price for buying or selling a stock or a mutual fund. When the trigger price is reached or crossed, the order is placed at the order price. You can use GTT orders to automate your entry and exit points, as well as to place stop-loss and target orders.
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mStock features:
1. User-friendly interface:- mStock offers a user-friendly interface for traders and investors to trade with convenience.
2. Up to 80% funding at the rate of 7.99%:- The platform offers a service that allows you to borrow up to 80% of the value of your stocks and mutual funds at a low low-interest rate of 7.99% per annum.
3. You can create up to 7 watchlists with 50 stocks in each.:- With mStocks watchlists feature, you can create up to 7 watchlists of 50 stocks each. With 7 watchlists you can keep track of the prices of all the stocks that you want to invest in.
4. It offers pre-created 1-click index baskets:- The platform provides a feature that allows you to invest in a basket of stocks that track the performance of a particular index, such as Nifty 50, Sensex, Bank Nifty, etc. with just one click.
5. It provides a single view screen for your complete portfolio:- mStock gives you a feature that allows you to see all your holdings, transactions, and performance in one place. This means that you can easily track and manage your portfolio across different segments, such as stocks, mutual funds, ETFs, etc.
6. Home screen with real-time market updates:- With this feature, you can see the latest market news, trends, and movements on your home screen.
7. 1 Click order placement:- the mStock 1 click order feature, you can place an order with just one click.
8. Voice search for stocks:- This feature allows you to search for stocks without typing them manually, you can just voice search it.
9. MIRA is a voice assistant for your service:- You can ask MIRA any questions related to the stock market, such as stock prices, news, analysis, etc., and get instant answers.
10. mStock brokerage calculator for calculating brokerage:- You can calculate the brokerage and other charges that you have to pay for your trades. You can estimate your net profit or loss before placing an order and plan your trades accordingly.
11. Fundamental analysis :- Fundamental analysis allows you to evaluate the financial performance and health of a company based on its financial statements, ratios, and indicators.
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Zerodha & m Stock Charges
| Charges | Zerodha | MStock |
| Account opening charges | ₹200 | ₹999 |
| Brokerage charges | Equity delivery: Zero Brokerage Equity Intraday: Zero Brokerage Equity Options: Zero brokerage Options: Flat Rs. 20 per executed order | Zero |
| Account maintenance charges | ₹300 | ₹120 per quarter |
| Call and trade | Equity delivery: Zero Equity Intraday: Zero Equity Options: Zero Options: Zero | Equity delivery: Zero Equity Intraday: Zero Equity Options: Zero Options: Zero |
| STT/CTT | Equity delivery: 0.1% on buy & sell Equity Intraday: 0.025% on the sell side Equity Options: 0.05% on the sell side (on premium) Options: 0.05% on the sell side (on premium) | Equity delivery: 0.1% on buy & sell Equity Intraday: 0.025% on the sell side Equity Options: 0.05% on the sell side (on premium) Options: 18% on (Brokerage + transaction charges) |
| Transaction Charges | Equity delivery: NSE: 0.00345%BSE: 0.00345% Equity Intraday: NSE: 0.00345%BSE: 0.00345% Equity Options: 0.01% on sell-side Options: NSE: 0.053% (on premium) | Equity delivery: NSE: 0.00345%BSE: 0.00345% Equity Intraday: NSE: 0.00345%BSE: 0.00345% Equity Options: NSE: 0.002% Options: NSE: 0.053% (on premium) |
| GST | 18% on (Brokerage + SEBI charges + transaction charges) | Equity delivery: 18% on (Brokerage + transaction charges) Equity Intraday: 18% on (Brokerage + transaction charges) Equity Options: 18% on (Brokerage + transaction charges) Options: 0.003% or ₹300 / crore on buy-side |
| SEBI charges | ₹10 / crore + GST | ₹10 / crore + GST |
| Stamp charges | Equity delivery: 0.015% or ₹1500 / crore on buy-side Equity Intraday: 0.003% or ₹300 / crore on buy-side Equity Options: 0.002% or ₹200 / crore on buy-side Options: 0.003% or ₹300 / crore on buy-side | Equity delivery: 0.003% or ₹300 / crore on buy-side Equity Intraday: 0.002% or ₹200 / crore on buy-side Equity Options: 0.003% or ₹300 / crore on buy-side Options: 0.003% or ₹300 / crore on buy side |
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Zerodha and m Stock Pros & Cons
Zerodha Pros & Cons
| Pros of Zerodha | Cons of Zerodha |
| Largest client base and largest trading volume | No investment advice and analysis |
| Safe, reliable, and trustworthy | Unlimited monthly plans are not available |
| Zero Brokerage | No free forever AMC |
| Pay-as-you-go brokerage plan | Additional charges for unfulfilled orders |
| GTT orders feature | No 3 in 1 account |
| IPO access |
m Stock Pros & Cons
| Pros of mStock | Cons of mStock |
| Offers cost-effective pricing structure | AMC of Rs 120 per quarter |
| No commission on trades | |
| Affordable trial plan at just Rs 149 | Minor bugs in the app |
| Wide range of investment options | |
| Referral program with a cash bonus | Limited SME IPOs on BSE |
| Easy and simple onboarding process | |
| User-friendly platform |
Zerodha vs MStock – Trading Platforms
| Trading Platforms | Zerodha | MStock |
| Android App Download | Zerodha Android App | MStock Android App |
| iOS App Download | Zerodha iOS App | MStock iOS App |
| Web Trading Platform Download | Zerodha Web Trading | MStock Web Trading |
| Algo Trading Platform | Available | NA |
| Basket Trading Platform | Available | NA |
| Mutual Fund Investment Platform | Available | Available |
| Bonds Investment Platform | Available | NA |
Zerodha and MStock Customer Support
| Customer Support | Zerodha | MStock |
| Trading Support | Available, Chargeable | Available, Chargeable |
| Dedicated Dealer | Available, Chargeable | Available, Chargeable |
| Call Support | New Account opening:- 080 4719 2020, 080 7117 5337 Support:- 080 4718 1888, 080 4718 1999 Call & Trade:- 080 4718 1888 | Customer Care:- 1800-2100-818 Call & Trade:- 1800 2028 444 |
| Email Support | [email protected] | [email protected] |
| Compliance Support | [email protected] | [email protected] |
| Website Support | Zerodha Website | m.Stock Website |
| Social Media Links | ||
| YouTube | YouTube | YouTube |
Zerodha vs M Stock Comparison
| Feature | Zerodha | mStock |
| Advanced online trading platforms | Yes | No |
| Advanced trading tools and charting | Yes | No |
| Zero brokerage for equity delivery and mutual funds | Yes | Yes |
| Maximum brokerage of 20 per trade | Yes | No |
| Margin up to 20X for intraday trading | Yes | No |
| Zero commission on direct mutual funds | Yes | Yes |
| Call and trade feature | Yes | Yes |
| Investing in IPOs online | Yes | No |
| 2 in-1 account | Yes | No |
| GTT orders (Good till triggered) | Yes | No |
| User-friendly interface | Yes | Yes |
| Fundamental analysis | No | Yes |
| Voice assistant | No | Yes |
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Zerodha & M Stock – Conclusion
As we have seen, Zerodha and mStock both have different features and offerings. Thus, we can conclude that Zerodha is more suitable for traders and investors who want advanced online trading platforms and tools, high margins, and GTT orders. While mStock is more suitable for beginners and investors who want zero brokerage for life, emerging facilities, and voice assistant features. So, it’s recommended to analyze your requirements and choose the broker that matches your trading style and goals.
FAQs on Zerodha and m Stock
Q.1. Do these brokers provide advanced charting tools?
Ans:- Yes, both of these stockbrokers provide charting tools. But Zerodha also provides advanced charting tools such as TradingView charts for your convenience.
Q.2. Which broker is most suitable for long-term investors who are interested in mutual funds?
Ans:- Zerodha’s Coin platform is specifically designed for long-term investors who are interested in mutual funds.
Q.3. Do Zerodha and m Stock both offer mobile trading apps?
Ans:- Yes, both of these platforms offer mobile trading apps such as Zerodha Kite mobile app and mStock mobile app. They also offer other trading platforms such as web trading platforms.
Q. 4. Which broker is more suitable for beginners in investing?
Ans:- Both Zerodha and mStock cater to beginners, offering user-friendly interfaces and educational resources. Zerodha is renowned for its educational initiatives, making it a preferred choice for novice investors. mStock, being a mobile-based platform, provides simplicity and accessibility, making it suitable for beginners as well.
Q.5. Which stockbroker is best for mutual funds?
Ans:- Zerodha and mStock both facilitate mutual fund investments. Zerodha’s Coin platform offers a seamless mutual fund investment experience with zero commission. mStock, being a discount broker, provides a straightforward platform for mutual fund investments, often appealing to cost-conscious investors.
Q.6. Which trading platform offers a better user experience
Ans:- User experience can be subjective, but both Zerodha and mStock excel in providing intuitive interfaces. Zerodha’s Kite platform is known for its simplicity and feature-rich design. On the other hand, mStock’s mobile-based platform offers accessibility and ease of use, catering to those who prefer trading on the go.
Q.7. What are the brokerage charges for both Zerodha and M Stock?
Ans:- Brokerage charges are a crucial consideration. Zerodha is a discount broker, known for its low brokerage fees, making it cost-effective for frequent traders. mStock, as a mobile-based platform, also operates on a discount model, offering competitive brokerage charges. It’s recommended to check the latest fee structures on their respective websites for accurate and up-to-date information.