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, including user-friendliness, research tools, charges, and customer support. By the end, you will gain a comprehensive understanding of the Zerodha vs m Stock debate, helping you make an informed decision based on your investment objectives.

Zerodha vs m Stock

Overview of Zerodha vs m Stock

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 Investent), 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. 

Features of Zerodha vs m Stock

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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m Stock 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:- ith 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 Vs m Stock Charges  

Account opening charges₹200₹999
Brokerage chargesEquity delivery: Zero BrokerageEquity Intraday: Zero BrokerageEquity Options: Zero brokerageOptions: Flat Rs. 20 per executed orderZero
Account maintenance charges₹300 ₹120 per quarter
Call and tradeEquity delivery: Zero

Equity Intraday: Zero Equity Options: ZeroOptions: Zero
Equity delivery: Zero

Equity Intraday: Zero Equity Options: ZeroOptions: Zero
STT/CTTEquity 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 ChargesEquity delivery: NSE: 0.00345%BSE: 0.00345%

Equity Intraday: NSE: 0.00345%BSE: 0.00345% Equity Options: 0.01% on sell-sideOptions: 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)
GST18% 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-sideOptions: 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-sideOptions: 0.003% or ₹300 / crore on buy side

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Pros & cons of Zerodha vs m Stock

Pros & cons of Zerodha 

Pros of ZerodhaCons of Zerodha
Largest client base and largest trading volumeNo investment advice and analysis
Safe, reliable, and trustworthyUnlimited monthly plans are not available
Zero BrokerageNo free forever AMC
Pay-as-you-go brokerage planAdditional charges for unfulfilled orders
GTT orders featureNo 3 in 1 account
IPO access

Pros & cons of m Stock 

Pros of mStockCons of mStock
Offers cost-effective pricing structureAMC of Rs 120 per quarter
No commission on trades
Affordable trial plan at just Rs 149Minor bugs in the app
Wide range of investment options
Referral program with a cash bonusLimited SME IPOs on BSE
Easy and simple onboarding process
User-friendly platform

Comparison of Zerodha vs M Stock

Advanced online trading platformsYesNo
Advanced trading tools and chartingYesNo
Zero brokerage for equity delivery and mutual fundsYesYes
Maximum brokerage of 20 per tradeYesNo
Margin up to 20X for intraday tradingYesNo
Zero commission on direct mutual fundsYesYes
Call and trade featureYesYes
Investing in IPOs onlineYesNo
2 in-1 accountYesNo
GTT orders (Good till triggered)YesNo
User-friendly interfaceYesYes
Fundamental analysisNoYes
Voice assistant NoYes

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Conclusion of Zerodha vs m Stock

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.

FAQ about Zerodha vs 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.