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Firstock vs Market Wolf (Compare Firstock and Market Wolf)

So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.

Here we provide side by side comparison between Firstock vs Market Wolf, Below comparison of Firstock vs Market Wolf highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.

One on One comparison of Firstock vs Market Wolf is given below:

Firstock

Market Wolf

	Firstock	Market Wolf

About The Brokers

Firstock :

Incorporated in 2021, Firstock Broking Pvt. Ltd is a tech-driven discount broking platform offering seamless investing in Stocks, F&O, ETFs, SGBs, G-Secs, and Stock SIPs. Enjoy free deliver >>> more

Market Wolf :

"Market Wolf is an excellent platform for the newbie trader who is still learning to understand the market and can open Trading & Demat Account with Zero Account openi >>> more

Find More Information about the Broker :

Firstock :

OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS

Market Wolf :

OVERVIEW BROKERAGE

Type of Broker

Firstock :

Discount Broker

Market Wolf :

Discount Broker

Promo/offers

Firstock :

N/A

Market Wolf :

N/A

Advantage

Firstock :

✔ What Firstock Does Well

✓	₹0 delivery brokerage
✓	₹0 AMC lifetime + ₹0 account opening
✓	₹0 pledge charges — rare benefit for margin traders
✓	₹0 payment gateway — add funds without any charge
✓	₹0 direct MF investment charges
✓	Free API for algo trading
✓	TradingView-integrated charts across web & desktop
✓	GTT orders, basket orders, strategy builder
✓	NRI accounts (NRE + NRO, PIS + non-PIS)
✓	MF, IPO, G-Secs, Sovereign Gold Bonds, ETFs — wide product range
✓	Desktop .exe + web + mobile triple platform

Market Wolf :

✔ What MarketWolf Does Well

✓	₹19/order — ₹1 cheaper than the ₹20 industry standard
✓	₹0 AMC lifetime — no annual maintenance charges ever
✓	Free daily Trade Ideas from SEBI RA-registered team — stocks, indices, commodities
✓	MCX mini options (Gold, Silver, Crude, Natural Gas) till 11:55 PM
✓	$17.4M VC-backed (Jungle Ventures + Dream Sports) — rare institutional credibility for a small broker
✓	Beginner-first UX — clean, mobile-first, no complexity
✓	Low minimum trade: ₹50 commodity/currency, ₹100 indices, ₹900 stocks
✓	Smart Stop Loss, Follow Trend (high momentum stocks), trailing stop loss
✓	24/7 in-app support via chat and phone
✓	NRI accounts available

Disadvantage

Firstock :

✘ Where Firstock Falls Short

✗	Very new brand (Firstock since June 2025) — limited public track record and review data
✗	Small user base (25,000+ active) — less stress-tested infrastructure vs major brokers
✗	No commodity trading (MCX)
✗	Call & Trade: ₹50+GST per order — high for a smaller broker
✗	Auto square-off: ₹50+GST per order
✗	DDPI charge: ₹100+GST one-time
✗	Login delay issues reported during heavy market sessions
✗	Bangalore-only head office; no physical branch presence
✗	F&O brokerage ₹20 is standard, not a differentiator

Market Wolf :

✘ Where MarketWolf Falls Short

✗	₹99 account opening — most major brokers offer free account opening
✗	Mobile-only — no desktop terminal, no web platform for serious traders
✗	Very small team (~11 employees) vs 1.9M+ users — support scalability concern
✗	Call & Trade ₹100 per trade — highest among all reviewed brokers
✗	Limited product range — no MF investing, no IPO, no bonds
✗	Revenue declining — CAGR -28% in last year (Tracxn FY24 data)
✗	No GTT orders, no advanced order types for power users
✗	Pricing model changed twice — from 10% profit share to flat ₹19 — history of pricing instability
✗	No 3-in-1 account, no margin trading funding (MTF)
✗	Only highly liquid stocks available — limited stock universe

Why This

Firstock :

They offer a wide range of services, including Equity (Stocks), Futures & Options (F&O), ETFs (Exchange Traded Funds), Sovereign Gold Bonds (SGBs), Government Securities (G-Secs), and Stock SIPs.
You can access trading through their feature-rich mobile app, web platform, and desktop Exe, catering to all types of traders.
You can unlock additional margin instantly using existing holdings, allowing you to maximize your trading capacity without selling assets.
Get instant trade updates, market alerts, and notifications, helping you stay on top of market movements and act swiftly.
Analyze company performance with interactive charts and detailed financial reports, helping you make well-informed, research-backed investment decisions.
The account opening process is easy and paperless, with instant verification via Aadhaar and DigiLocker.
They offer a Discount Plan with brokerage charges as low as Rs 20 per executed order across various segments, including Equity Delivery, Intraday, Futures, Options, Currency, and Commodity.

Market Wolf :

Market Wolf is an excellent platform for the newbie trader who is still learning to understand the market with zero trading account opening and nil annual maintenance charges.
Market Wolf offers real-time free practice trading sessions to all traders to ensure understanding of the trading mechanism before starting market trading.
Market Wolf is developed with a risk management system offering a unique profit and stop-loss segment, helping manage the trading risks ensuring the trader never loses more than the percentage set in on a trade.
Market Wolf charged brokerage only when the trader made a profit. Zero brokerage on losing the trade.
Market Wolf offers minimum trading of INR 50 for Commodity and Currency trading, INR 100 for Indices trading, and INR 900 for stock trading.
Market Wolf Android mobile application is developed with robust technology and a user-friendly interface, making it easier for beginners to understand trading quickly.
Market Wolf e-KYC is power-packed with Legality, a digital execution of highly sensitive agreements.
Market Wolf offers 24/7 customer care to all users via an in-app help center.

Firstock vs Market Wolf Account Opening & AMC Charges

Firstock Trading Account Opening Fee is ₹0 and Market Wolf Trading Account Opening Fee is ₹0 (Free) . Firstock Demat Account AMC is ₹0 and Market Wolf Demat Account AMC is ₹0 (Free) .

	Firstock	Market Wolf
Trading Account Opening Fee	Trading Account Opening Fee : ₹0	Trading Account Opening Fee : ₹0 (Free)
Demat Account Opening Fee	Demat Account Opening Fee : ₹0	Demat Account Opening Fee : ₹0 (Free)
Demat Account AMC	Demat Account AMC : ₹0	Demat Account AMC : ₹0 (Free)
Trading Account AMC	Trading Account AMC : ₹0	Trading Account AMC : ₹0 (Free)

Firstock vs Market Wolf Brokerage Charges

Firstock Brokerage Charges Market Wolf Brokerage Charges Equity Delivery is ₹0 brokerage if loss | 10% of GP(Profitable Trade) and Equity Intraday is ₹0 brokerage if loss | 10% of GP(Profitable Trade) and Equity Options is ₹0 brokerage if loss | 10% of GP(Profitable Trade) .

	Firstock	Market Wolf
Plan Name	Plan Name : Standard Plan	Plan Name : Market Wolf default Brokerage Plan
Equity Delivery	Equity Delivery : ₹0	Equity Delivery : ₹0 brokerage if loss \| 10% of GP(Profitable Trade)
Equity Intraday	Equity Intraday : ₹20 per executed order	Equity Intraday : ₹0 brokerage if loss \| 10% of GP(Profitable Trade)
Equity Future	Equity Future : ₹20 per order, 0.03% or whichever is lower	Equity Future : ₹0 brokerage if loss \| 10% of GP(Profitable Trade)
Equity Options	Equity Options : ₹20 per order, 0.03% or whichever is lower	Equity Options : ₹0 brokerage if loss \| 10% of GP(Profitable Trade)
Currency Futures	Currency Futures : -	Currency Futures : ₹0 brokerage if loss \| 10% of GP(Profitable Trade)
Currency Options	Currency Options : -	Currency Options : ₹0 brokerage if loss \| 10% of GP(Profitable Trade)
Monthly Fee	Monthly Fee : -	Monthly Fee : NA
Margin Trading	Margin Trading : -	Margin Trading : NA
Commodity Futures	Commodity Futures : -	Commodity Futures : ₹0 brokerage if loss \| 10% of GP(Profitable Trade)
Commodity Options	Commodity Options : -	Commodity Options : ₹0 brokerage if loss \| 10% of GP(Profitable Trade)

Firstock vs Market Wolf Exchange Transaction Charges

Firstock Exchange Transaction Charges Equity Future is ₹20 per order, 0.03% or whichever is lower and Equity Options is ₹20 per order, 0.03% or whichever is lower . Market Wolf Exchange Transaction Charges Equity Future is NSE: 0.0019% and Equity Options is Rs 5000 per Cr (0.05%) (on premium) .

	Firstock	Market Wolf
Equity Delivery	Equity Delivery : ₹0	Equity Delivery : NSE: 0.00325%
Equity Intraday	Equity Intraday : Rs 20 per executed order	Equity Intraday : NSE: 0.00325%
Equity Future *	Equity Future : ₹20 per order, 0.03% or whichever is lower	Equity Future : NSE: 0.0019%
Equity Options *	Equity Options : ₹20 per order, 0.03% or whichever is lower	Equity Options : Rs 5000 per Cr (0.05%) (on premium)
Currency Futures *	Currency Futures : -	Currency Futures : NSE: 0.0009% + Investor protection fund (0.037%)
Currency Options	Currency Options : -	Currency Options : Rs 4000 per Cr (0.04%) (on premium)
Commodity	Commodity : -	Commodity : Rs 260 per Cr (0.0026%)

Firstock vs Market Wolf Other Charges

Firstock and Call & Trade is ₹50 . Market Wolf Minimum Brokerage is NA and Call & Trade is NA .

	Firstock	Market Wolf
Minimum Brokerage	Minimum Brokerage : -	Minimum Brokerage : NA
Call & Trade	Call & Trade : ₹50	Call & Trade : NA
Stamp Duty *	Stamp Duty : Delivery: 0.015%, Intraday: 0.003%	Stamp Duty : -
DP Charges (on sell side)	DP Charges (on sell side) : -	DP Charges (on sell side) : -
Other Miscellaneous Charges	Other Miscellaneous Charges : -	Other Miscellaneous Charges : -

Firstock vs Market Wolf Features

Firstock and Market Wolf both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

	Firstock	Market Wolf
Trading Platform	Trading Platform : Trade & Invest: Mobile App, Desktop Exe, Web	Trading Platform : Mobile, WEB
Placing orders through charts	Placing orders through charts : Yes	Placing orders through charts : -
Trading Alerts	Trading Alerts : Yes	Trading Alerts : No
Research and Advice / Trading Tips	Research and Advice / Trading Tips : No	Research and Advice / Trading Tips : No
Detailed Education Initiatives	Detailed Education Initiatives : No	Detailed Education Initiatives : No
Unique features & Offers	Unique features & Offers : -	Unique features & Offers : Brokerage if Makes Profit
Referral Program	Referral Program : Yes	Referral Program : Yes
Margin Against Shares (Equity Cash) *	Margin Against Shares (Equity Cash) : Yes	Margin Against Shares (Equity Cash) : No
Margin Against Shares (Equity F&O) *	Margin Against Shares (Equity F&O) : Yes	Margin Against Shares (Equity F&O) : No

Firstock vs Market Wolf Demat Account Charges

A comparative table of various demat account charges between Firstock and Market Wolf is below:

	Firstock	Market Wolf
Depository Service Provider	Depository Service Provider : CDSL and NSDL	Depository Service Provider : CDSL
Account Opening Fee	Account Opening Fee : ₹0	Account Opening Fee : ₹0 (Free)
Advance Deposit	Advance Deposit : -	Advance Deposit : ₹0
AMC	AMC : ₹0	AMC : ₹0 (Free)
Dematerialisation Charges	Dematerialisation Charges : ₹150 (per certificate)	Dematerialisation Charges : -
Rematerialisation Charges	Rematerialisation Charges : ₹150 (per certificate)	Rematerialisation Charges : -
Transaction Charges (Credit)	Transaction Charges (Credit) : -	Transaction Charges (Credit) : -
Transaction Charges (debit)	Transaction Charges (debit) : Sell-Rs.8-+ Rs.5.50/- + GST (CDSL Charges)	Transaction Charges (debit) : -
Pledge Creation Charges	Pledge Creation Charges : -	Pledge Creation Charges : -
Pledge Creation Confirmation Charges	Pledge Creation Confirmation Charges : -	Pledge Creation Confirmation Charges : -
Pledge Invocation Charges	Pledge Invocation Charges : -	Pledge Invocation Charges : -
Failed Instruction Charges	Failed Instruction Charges : -	Failed Instruction Charges : -
Other Charges	Other Charges : -	Other Charges : -

Firstock vs Market Wolf Basic Details

Firstock Year of Incorporation is 2021 and and . Market Wolf Year of Incorporation is 2017 and Total Number of Clients is 201948 and Total Number of Branches is NA .

	Firstock	Market Wolf
Year of Incorporation	Year of Incorporation : 2021	Year of Incorporation : 2017
Active Exchange Memberships	Active Exchange Memberships : NSE, BSE	Active Exchange Memberships : NSE and MCX
Demat Services	Demat Services : CDSL, NSDL	Demat Services : CDSL
Website	Website : https://www.firstock.in/	Website : https://marketwolf.com/
Contact Details	Contact Details : 080 4670 2050	Contact Details : +91 8591308916
Total Number of Clients	Total Number of Clients : -	Total Number of Clients : 201,948
Total Number of Branches	Total Number of Branches : -	Total Number of Branches : NA
Products *	Products : Equity, F&O, ETFs, SGBs	Products : Equity, Commodity, Currency, IPO

Firstock vs Market Wolf Orders

Orders

	Firstock	Market Wolf
Cover Orders (CO)	Cover Orders (CO) : No	Cover Orders (CO) : -
Bracket orders / One Cancels Other (BO / OCO)	Bracket orders / One Cancels Other (BO / OCO) : No	Bracket orders / One Cancels Other (BO / OCO) : -
After Market Orders (AMO)	After Market Orders (AMO) : Yes	After Market Orders (AMO) : -
Buy Today Sell Tomorrow (BTST) *	Buy Today Sell Tomorrow (BTST) : Yes	Buy Today Sell Tomorrow (BTST) : Yes
Sell Today Buy Tomorrow (STBT) *	Sell Today Buy Tomorrow (STBT) : Yes	Sell Today Buy Tomorrow (STBT) : Yes
Good Till Cancelled (GTC) *	Good Till Cancelled (GTC) : No	Good Till Cancelled (GTC) : Yes

Firstock vs Market Wolf Research and Advice / Trading Tips

Research and Advice / Trading Tips

	Firstock	Market Wolf
Equity Trading Recommendation *	Equity Trading Recommendation : No	Equity Trading Recommendation : No
Equity Investment Recommendation *	Equity Investment Recommendation : No	Equity Investment Recommendation : No
Recommendation basis risk Profile *	Recommendation basis risk Profile : No	Recommendation basis risk Profile : No
Comparison *	Comparison : No	Comparison : No
Free Tips *	Free Tips : No	Free Tips : No
Daily Market report *	Daily Market report : No	Daily Market report : No
ETF research *	ETF research : Yes	ETF research : No
Quarterly Results *	Quarterly Results : No	Quarterly Results : No

Firstock vs Market Wolf Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	Firstock	Market Wolf
Availability for franchisee / AP	Availability for franchisee / AP : No	Availability for franchisee / AP : NA
Investment required for Franchisee / AP	Investment required for Franchisee / AP : No	Investment required for Franchisee / AP : NA

Firstock vs Market Wolf Product & Services

Firstock and Market Wolf both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

	Firstock	Market Wolf
Delivery Based Trading *	Delivery Based Trading : Yes	Delivery Based Trading : Yes
Margin Trading *	Margin Trading : Yes	Margin Trading : NA
Call N Trade *	Call N Trade : Yes	Call N Trade : NA
Trading in Both the exchanges *	Trading in Both the exchanges : Yes	Trading in Both the exchanges : NSE ONLY
Limit Order *	Limit Order : Yes	Limit Order : Yes
3-in-1 On-line Trading Account *	3-in-1 On-line Trading Account : No	3-in-1 On-line Trading Account : No
NRI Services *	NRI Services : Yes	NRI Services : No
SMS Alerts *	SMS Alerts : Yes	SMS Alerts : No
Offers Multiple Plan *	Offers Multiple Plan : No	Offers Multiple Plan : No
IPO Investment *	IPO Investment : Yes	IPO Investment : No
Portfolio Analysis *	Portfolio Analysis : No	Portfolio Analysis : No
Advanced Charting Features *	Advanced Charting Features : Yes	Advanced Charting Features : Yes
Brokerage Calculator *	Brokerage Calculator : Yes	Brokerage Calculator : No
Margin Calculator *	Margin Calculator : Yes	Margin Calculator : No
Stop Loss Order *	Stop Loss Order : -	Stop Loss Order : Yes
Bracket Orders & Trailing Stop Loss *	Bracket Orders & Trailing Stop Loss : -	Bracket Orders & Trailing Stop Loss : Yes
Equity Future & Option Trading *	Equity Future & Option Trading : Yes	Equity Future & Option Trading : Yes
Currency Future & Option Trading *	Currency Future & Option Trading : No	Currency Future & Option Trading : Yes
Market Trading *	Market Trading : Yes	Market Trading : No
Monthly & Yearly Plan *	Monthly & Yearly Plan : No	Monthly & Yearly Plan : No
Aumtomated Trading *	Aumtomated Trading : Yes	Aumtomated Trading : No

Firstock vs Market Wolf Customer Services

Firstock and Market Wolf both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

	Firstock	Market Wolf
Toll Free Number *	Toll Free Number : Yes	Toll Free Number : No
Live Chat Facility *	Live Chat Facility : No	Live Chat Facility : Yes
Email Facility *	Email Facility : Yes	Email Facility : Yes
Branch Offices *	Branch Offices : No	Branch Offices : No
Customer Care *	Customer Care : Yes	Customer Care : Info Not Available
Community Service *	Community Service : No	Community Service : No
Relationship Manager *	Relationship Manager : No	Relationship Manager : No
24/7 Support *	24/7 Support : No	24/7 Support : Yes

Firstock vs Market Wolf Other Investement

Firstock and Market Wolf both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

	Firstock	Market Wolf
Commodity Trading *	Commodity Trading : No	Commodity Trading : Yes
Investment in ETFs *	Investment in ETFs : Yes	Investment in ETFs : No
Investment in Mutual Funds *	Investment in Mutual Funds : Yes	Investment in Mutual Funds : No
Investment in Bonds *	Investment in Bonds : No	Investment in Bonds : No
Investment in Corporate Debt instruments *	Investment in Corporate Debt instruments : No	Investment in Corporate Debt instruments : No
Insurance Services *	Insurance Services : No	Insurance Services : No
Banking Services *	Banking Services : No	Banking Services : No

Firstock vs Market Wolf Trading Platform

Firstock and Market Wolf both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

	Firstock	Market Wolf
Web Platform *	Web Platform : Yes	Web Platform : Yes
Android Mobile App *	Android Mobile App : Yes	Android Mobile App : Yes
Desktop Windows *	Desktop Windows : Yes	Desktop Windows : No
Desktop Mac *	Desktop Mac : No	Desktop Mac : No
I-Pad App *	I-Pad App : No	I-Pad App : No
Virtual Trading *	Virtual Trading : -	Virtual Trading : No
iPhone Mobile App *	iPhone Mobile App : Yes	iPhone Mobile App : No
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