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IIFL vs m,Stock (Compare IIFL and m,Stock)

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 IIFL vs m,Stock, Below comparison of IIFL vs m,Stock 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 IIFL vs m,Stock is given below:

IIFL

Open Account

m,Stock

	IIFL	m,Stock

About The Brokers

IIFL :

"IIFL is the renowned stockbroker who provides various financial products to its customers at nominal brokerage. They have an excellent online presence and protect you >>> more

m,Stock :

mStock is the most credible new entrant in Indian discount broking — Mirae Asset's $600B global AUM and established Indian MF track recor >>> more

Find More Information about the Broker :

IIFL :

OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING

m,Stock :

OVERVIEW

Type of Broker

IIFL :

Full Service Broker

m,Stock :

Discount Broker

Promo/offers

IIFL :

Special Offer: Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

m,Stock :

N/A

Advantage

IIFL :

Offer online IPO and Equity SIP
1900+ branches all over India & have a global presence
Trading facility to NRIs is provided
Provide multiple broking plans
IIFL Trade terminal is one of the best trading terminal in India
Offer Commodity Trading & Investment facility in Mutual funds & IPO

m,Stock :

✔ What mStock Does Well

✓	₹5/order F&O & intraday — 4x cheaper than ₹20 standard; matches Shoonya
✓	₹1,299 one-time for lifetime zero operating charges — pay once, trade free forever
✓	₹0 Call & Trade — phone orders completely free
✓	₹0 pledge creation charges
✓	MTF from 6.99% p.a. (up to 80% funding, 1,100+ stocks, unlimited holding)
✓	Mirae Asset parent ($600B+ AUM, 15+ markets) — institutional credibility
✓	GTT orders, basket orders, TradingView charts (F&O)
✓	Free trading API
✓	MIRA virtual assistant for support and onboarding
✓	MF (3,500+ direct schemes), IPO, ETF available

Disadvantage

IIFL :

Scope improvement is there in customer support.
Provides only 2-in-1 account facility
Less transparency in brokerage plans
High brokerage.
Minimum Brokerage charges

m,Stock :

✘ Where mStock Falls Short

✗	App and web portal freeze/hang issues reported frequently — reliability concerns
✗	Customer support delays reported
✗	No NRI accounts
✗	Quarterly AMC ₹219 if you don't pay ₹1,299 upfront (Shoonya ₹0 always)
✗	Auto square-off: ₹100+GST per order — high
✗	Unpledge charges: ₹32 per request (pledge creation is free)
✗	Relatively new (2022) — less platform maturity than Zerodha/Angel One
✗	No relationship manager

Why This

IIFL :

Full-service broker who provide 2-in-1 On-line trading account to Indian as well as NRIs present all over the world.
Provide IPO service and equity SIP also
Amongst top 10 stock brokers in India
Best rated mobile Trading Platforms with >1.9m download.
Have branches all over India. Approx 1900+ Branches
They provide multiple brokerage plans
All investment options - Equities, IPO, Mutual Funds,ETFs,Commodities,F&O
Offer NRI Trading.

m,Stock :

Open Account

IIFL vs m,Stock Account Opening & AMC Charges

IIFL Trading Account Opening Fee is Rs 0 (Free) and - . IIFL Demat Account AMC is Rs 250 (Free for 1st year) and - .

	IIFL	m,Stock
Trading Account Opening Fee	Trading Account Opening Fee : Rs 0 (Free)	Trading Account Opening Fee : -
Demat Account Opening Fee	Demat Account Opening Fee : Rs 0	Demat Account Opening Fee : -
Demat Account AMC	Demat Account AMC : Rs 250 (Free for 1st year)	Demat Account AMC : -
Trading Account AMC	Trading Account AMC : Rs 0	Trading Account AMC : -

IIFL vs m,Stock Brokerage Charges

IIFL Brokerage Charges Equity Delivery is Rs 20 per order and Equity Intraday is Rs 20 per order and Equity Options is Rs 20 per order . m,Stock Brokerage Charges

	IIFL	m,Stock
Plan Name	Plan Name : Standard Plan	-
Equity Delivery	Equity Delivery : Rs 20 per order	-
Equity Intraday	Equity Intraday : Rs 20 per order	-
Equity Future	Equity Future : Rs 20 per order	-
Equity Options	Equity Options : Rs 20 per order	-
Currency Futures	Currency Futures : Rs 20 per order	-
Currency Options	Currency Options : Rs 20 per order	-
Monthly Fee	Monthly Fee : NA	-
Margin Trading	Margin Trading : -	-
Commodity Futures	Commodity Futures : Rs 20 per order	-
Commodity Options	Commodity Options : Rs 20 per order	-

IIFL vs m,Stock Exchange Transaction Charges

IIFL Exchange Transaction Charges Equity Future is NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 and Equity Options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) . m,Stock Exchange Transaction Charges - and - .

	IIFL	m,Stock
Equity Delivery	Equity Delivery : NSE Rs 325 per Cr (0.00325%) \| BSE Rs 375 per Cr (0.00375%) (each side)	Equity Delivery : -
Equity Intraday	Equity Intraday : NSE Rs 325 per Cr (0.00325%) \| BSE Rs 375 per Cr (0.00375%) (sell side)	Equity Intraday : -
Equity Future *	Equity Future : NSE Rs 190 per Cr (0.0019%) \| BSE Rs 0	Equity Future : -
Equity Options *	Equity Options : NSE Rs 5000 per Cr (0.05%) \| BSE Rs 3700 per Cr (0.037%) (on premium)	Equity Options : -
Currency Futures *	Currency Futures : NSE Rs 90 per Cr (0.0009%) \| BSE Rs 90 per Cr (0.0009%)	Currency Futures : -
Currency Options	Currency Options : NSE Rs 4000 per Cr (0.04%) \| BSE Rs 100 per Cr (0.001%) (on premium)	Currency Options : -
Commodity	Commodity : Group A - Rs 280 per Cr (0.0028%)	Commodity : -

IIFL vs m,Stock Other Charges

IIFL and Call & Trade is Rs 50 per call . m,Stock and .

	IIFL	m,Stock
Minimum Brokerage	Minimum Brokerage : -	Minimum Brokerage : -
Call & Trade	Call & Trade : Rs 50 per call	Call & Trade : -
Stamp Duty *	Stamp Duty : -	Stamp Duty : -
DP Charges (on sell side)	DP Charges (on sell side) : 0.04% (minimum ₹25 per debit transaction)	DP Charges (on sell side) : -
Other Miscellaneous Charges	Other Miscellaneous Charges : Advisory SMS - Rs 50 per month	Other Miscellaneous Charges : -

IIFL vs m,Stock Features

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

	IIFL	m,Stock
Trading Platform	Trading Platform : IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App	Trading Platform : -
Placing orders through charts	Placing orders through charts : No	Placing orders through charts : -
Trading Alerts	Trading Alerts : No	Trading Alerts : -
Research and Advice / Trading Tips	Research and Advice / Trading Tips : -	Research and Advice / Trading Tips : -
Detailed Education Initiatives	Detailed Education Initiatives : Yes	Detailed Education Initiatives : -
Unique features & Offers	Unique features & Offers : -	Unique features & Offers : -
Referral Program	Referral Program : -	Referral Program : -
Margin Against Shares (Equity Cash) *	Margin Against Shares (Equity Cash) : Yes	Margin Against Shares (Equity Cash) : Yes
Margin Against Shares (Equity F&O) *	Margin Against Shares (Equity F&O) : No	Margin Against Shares (Equity F&O) : Yes

IIFL vs m,Stock Demat Account Charges

A comparative table of various demat account charges between IIFL and m,Stock is below:

	IIFL	m,Stock
Depository Service Provider	Depository Service Provider : CDSL	Depository Service Provider : -
Account Opening Fee	Account Opening Fee : â‚¹0 (free)	Account Opening Fee : -
Advance Deposit	Advance Deposit : â‚¹0	Advance Deposit : -
AMC	AMC : â‚¹250 (free for 1st year)	AMC : -
Dematerialisation Charges	Dematerialisation Charges : â‚¹15 per certificate	Dematerialisation Charges : -
Rematerialisation Charges	Rematerialisation Charges : â‚¹15 per certificate	Rematerialisation Charges : -
Transaction Charges (Credit)	Transaction Charges (Credit) : -	Transaction Charges (Credit) : -
Transaction Charges (debit)	Transaction Charges (debit) : â‚¹25 per debit transaction	Transaction Charges (debit) : -
Pledge Creation Charges	Pledge Creation Charges : â‚¹10	Pledge Creation Charges : -
Pledge Creation Confirmation Charges	Pledge Creation Confirmation Charges : â‚¹0	Pledge Creation Confirmation Charges : -
Pledge Invocation Charges	Pledge Invocation Charges : â‚¹15	Pledge Invocation Charges : -
Failed Instruction Charges	Failed Instruction Charges : -	Failed Instruction Charges : -
Other Charges	Other Charges : Conversion of MF units: â‚¹0, Reconversion of MF units: â‚¹0, Courier Charges: â‚¹100 per request	Other Charges : -

IIFL vs m,Stock Basic Details

IIFL Year of Incorporation is 1996 and Total Number of Clients is 431217 and Total Number of Branches is 900 . m,Stock and Total Number of Clients is 268305 and .

	IIFL	m,Stock
Year of Incorporation	Year of Incorporation : 1996	Year of Incorporation : -
Active Exchange Memberships	Active Exchange Memberships : NSE, BSE, MCX, and NCDEX	Active Exchange Memberships : -
Demat Services	Demat Services : Yes	Demat Services : -
Website	Website : https://www.indiainfoline.com	Website : -
Contact Details	Contact Details : 022-400710000	Contact Details : -
Total Number of Clients	Total Number of Clients : 431,217	Total Number of Clients : 268,305
Total Number of Branches	Total Number of Branches : 900	Total Number of Branches : -
Products *	Products : Investment banking, institutional broking, retail broking, private wealth management, and financial product distribution, currency and commodity broking	Products : -

IIFL vs m,Stock Orders

Orders

	IIFL	m,Stock
Cover Orders (CO)	Cover Orders (CO) : Yes	Cover Orders (CO) : -
Bracket orders / One Cancels Other (BO / OCO)	Bracket orders / One Cancels Other (BO / OCO) : Yes	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) : Yes	Good Till Cancelled (GTC) : Yes

IIFL vs m,Stock Research and Advice / Trading Tips

Research and Advice / Trading Tips

	IIFL	m,Stock
Equity Trading Recommendation *	Equity Trading Recommendation : Yes	Equity Trading Recommendation : -
Equity Investment Recommendation *	Equity Investment Recommendation : Yes	Equity Investment Recommendation : -
Recommendation basis risk Profile *	Recommendation basis risk Profile : Yes	Recommendation basis risk Profile : -
Comparison *	Comparison : Yes	Comparison : -
Free Tips *	Free Tips : Yes	Free Tips : -
Daily Market report *	Daily Market report : Yes	Daily Market report : -
ETF research *	ETF research : Yes	ETF research : -
Quarterly Results *	Quarterly Results : Yes	Quarterly Results : -

IIFL vs m,Stock Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	IIFL	m,Stock
Availability for franchisee / AP	Availability for franchisee / AP : Yes	Availability for franchisee / AP : -
Investment required for Franchisee / AP	Investment required for Franchisee / AP : Rs.75,000 to Rs.2,00,000	Investment required for Franchisee / AP : -

IIFL vs m,Stock Product & Services

IIFL and m,Stock both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

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

IIFL vs m,Stock Customer Services

IIFL and m,Stock 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:

	IIFL	m,Stock
Toll Free Number *	Toll Free Number : No	Toll Free Number : -
Live Chat Facility *	Live Chat Facility : No	Live Chat Facility : -
Email Facility *	Email Facility : Yes	Email Facility : -
Branch Offices *	Branch Offices : Yes	Branch Offices : -
Customer Care *	Customer Care : Yes	Customer Care : -
Community Service *	Community Service : Yes	Community Service : -
Relationship Manager *	Relationship Manager : -	Relationship Manager : -
24/7 Support *	24/7 Support : No	24/7 Support : -

IIFL vs m,Stock Other Investement

IIFL and m,Stock 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:

	IIFL	m,Stock
Commodity Trading *	Commodity Trading : Yes	Commodity Trading : -
Investment in ETFs *	Investment in ETFs : Yes	Investment in ETFs : -
Investment in Mutual Funds *	Investment in Mutual Funds : Yes	Investment in Mutual Funds : -
Investment in Bonds *	Investment in Bonds : Yes	Investment in Bonds : -
Investment in Corporate Debt instruments *	Investment in Corporate Debt instruments : Yes	Investment in Corporate Debt instruments : -
Insurance Services *	Insurance Services : Yes	Insurance Services : -
Banking Services *	Banking Services : No	Banking Services : -

IIFL vs m,Stock Trading Platform

IIFL and m,Stock both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

	IIFL	m,Stock
Web Platform *	Web Platform : Yes	Web Platform : -
Android Mobile App *	Android Mobile App : Yes	Android Mobile App : -
Desktop Windows *	Desktop Windows : Yes	Desktop Windows : -
Desktop Mac *	Desktop Mac : No	Desktop Mac : -
I-Pad App *	I-Pad App : Yes	I-Pad App : -
Virtual Trading *	Virtual Trading : -	Virtual Trading : -
iPhone Mobile App *	iPhone Mobile App : Yes	iPhone Mobile App : -
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