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

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

m,Stock

Zerodha

Open Account

	m,Stock	Zerodha

About The Brokers

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

Zerodha :

Zerodha is the innovator of the discount broking model in India, Infect, it brought the concept of discount broking in India and post that >>> more

Find More Information about the Broker :

m,Stock :

OVERVIEW

Zerodha :

OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING

Type of Broker

m,Stock :

Discount Broker

Zerodha :

Discount Broker

Promo/offers

m,Stock :

N/A

Zerodha :

Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today.

Advantage

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

Zerodha :

✔ What Zerodha Does Well

✓ Zero brokerage on equity delivery

✓ ₹20 flat fee makes large F&O trades cheap

✓ Kite — best-designed Indian broker platform

✓ Varsity education — world-class and completely free

✓ Coin saves 1–1.5%/year vs regular MF plans

✓ Full pricing and outage transparency

✓ Zero-debt company — financially very stable

✓ GTT orders for hands-off long-term investing

✓ SEBI-regulated, CDSL custody — securities are safe

✓ Free IPO applications via UPI/ASBA

Disadvantage

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

Zerodha :

✘ Where Zerodha Falls Short

No advisory, no stock tips, no research
Ticket-only support — no live chat
NRI account opening is offline only
DP charge ₹15.34/scrip surprises many investors
Call & Trade at ₹50/call is expensive
₹300/yr AMC — not zero like Groww/Finvasia
No 3-in-1 integrated banking account
No international trading
No margin funding for delivery purchases
the lack of free API for retail users

Why This

m,Stock :

Zerodha :

Zerodha Charge flat rate of ₹20 per executed order.
Zerodha does not charge any brokerage on Equity delivery transactions.
Zerodha provides platform to invest in mutual funds.
Innovative trading platform.
No upfront fee, no minimum brokerage and no minimum contract charges.
The largest stockbroker by active clients, market volume.
Zero brokerage Direct Mutual Funds.
Offers up to 20x leverage on intraday trading.

Open Account

m,Stock vs Zerodha Account Opening & AMC Charges

- and Zerodha Trading Account Opening Fee is Rs 200 . - and Zerodha Demat Account AMC is Rs 300 .

	m,Stock	Zerodha
Trading Account Opening Fee	Trading Account Opening Fee : -	Trading Account Opening Fee : Rs 200
Demat Account Opening Fee	Demat Account Opening Fee : -	Demat Account Opening Fee : Rs 0
Demat Account AMC	Demat Account AMC : -	Demat Account AMC : Rs 300
Trading Account AMC	Trading Account AMC : -	Trading Account AMC : Rs 0 (Free)
	Open Account	Open Account

m,Stock vs Zerodha Brokerage Charges

m,Stock Brokerage Charges Zerodha Brokerage Charges Equity Delivery is Rs 0 (Free) and Equity Intraday is Rs 20 per executed order or .03% whichever is lower and Equity Options is Rs 20 per executed order .

	m,Stock	Zerodha
Plan Name	-	Plan Name : Standard Plan
Equity Delivery	-	Equity Delivery : Rs 0 (Free)
Equity Intraday	-	Equity Intraday : Rs 20 per executed order or .03% whichever is lower
Equity Future	-	Equity Future : Rs 20 per executed order or .03% whichever is lower
Equity Options	-	Equity Options : Rs 20 per executed order
Currency Futures	-	Currency Futures : Rs 20 per executed order or .03% whichever is lower
Currency Options	-	Currency Options : Rs 20 per executed order or .03% whichever is lower
Monthly Fee	-	Monthly Fee : -
Margin Trading	-	Margin Trading : Rs 20
Commodity Futures	-	Commodity Futures : Rs 20 per executed order or .03% whichever is lower
Commodity Options	-	Commodity Options : Rs 20 per executed order or .03% whichever is lower
	Open Account	Open Account

m,Stock vs Zerodha Exchange Transaction Charges

m,Stock Exchange Transaction Charges - and - . Zerodha Exchange Transaction Charges Equity Future is NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 and Equity Options is NSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) (on premium) .

	m,Stock	Zerodha
Equity Delivery	Equity Delivery : -	Equity Delivery : NSE Rs 335 per Cr (0.00335%) \| BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday	Equity Intraday : -	Equity Intraday : NSE Rs 335 per Cr (0.00335%) \| BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Future *	Equity Future : -	Equity Future : NSE Rs 190 per Cr (0.0019%) \| BSE Rs 0
Equity Options *	Equity Options : -	Equity Options : NSE Rs 5050 per Cr (0.0505%) \| BSE Rs 500 per Cr (0.005%) (on premium)
Currency Futures *	Currency Futures : -	Currency Futures : NSE Rs 90 per Cr (0.0009%) \| BSE Rs 90 per Cr (0.0009%)
Currency Options	Currency Options : -	Currency Options : NSE Rs 3500 per Cr (0.035%) \| BSE Rs 100 per Cr (0.001%) (on premium)
Commodity	Commodity : -	Commodity : Group A - Rs 260 per Cr (0.0026%)
	Open Account	Open Account

m,Stock vs Zerodha Other Charges

m,Stock and . Zerodha Minimum Brokerage is 0.03% in Intraday and F&O and Call & Trade is Rs 50 per executed order .

	m,Stock	Zerodha
Minimum Brokerage	Minimum Brokerage : -	Minimum Brokerage : 0.03% in Intraday and F&O
Call & Trade	Call & Trade : -	Call & Trade : Rs 50 per executed order
Stamp Duty *	Stamp Duty : -	Stamp Duty : Delivery: 0.015%, Intraday: 0.003%,
DP Charges (on sell side)	DP Charges (on sell side) : -	DP Charges (on sell side) : ₹13.5 per scrip
Other Miscellaneous Charges	Other Miscellaneous Charges : -	Other Miscellaneous Charges : Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS
	Open Account	Open Account

m,Stock vs Zerodha Features

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

	m,Stock	Zerodha
Trading Platform	Trading Platform : -	Trading Platform : Kite Web, Kite Mobile for Android/iOS and Coin
Placing orders through charts	Placing orders through charts : -	Placing orders through charts : Yes
Trading Alerts	Trading Alerts : -	Trading Alerts : Yes
Research and Advice / Trading Tips	Research and Advice / Trading Tips : -	Research and Advice / Trading Tips : No
Detailed Education Initiatives	Detailed Education Initiatives : -	Detailed Education Initiatives : Yes
Unique features & Offers	Unique features & Offers : -	Unique features & Offers : -
Referral Program	Referral Program : -	Referral Program : 1
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) : Yes	Margin Against Shares (Equity F&O) : Yes
	Open Account	Open Account

m,Stock vs Zerodha Demat Account Charges

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

	m,Stock	Zerodha
Depository Service Provider	Depository Service Provider : -	Depository Service Provider : CDSL
Account Opening Fee	Account Opening Fee : -	Account Opening Fee : Rs 50 (Stamp charges payable upfront)
Advance Deposit	Advance Deposit : -	Advance Deposit : Rs 0
AMC	AMC : -	AMC : Individuals/Non Individual (except Corporate) - Rs 300 + GST Non Individual - Corporate - Rs 1000
Dematerialisation Charges	Dematerialisation Charges : -	Dematerialisation Charges : Rs 150 per certificate (+ Rs 100 Courier charges)
Rematerialisation Charges	Rematerialisation Charges : -	Rematerialisation Charges : Rs 150 per certificate + CDSL charges + Rs 100 Courier charges
Transaction Charges (Credit)	Transaction Charges (Credit) : -	Transaction Charges (Credit) : -
Transaction Charges (debit)	Transaction Charges (debit) : -	Transaction Charges (debit) : Rs 8 + Rs 5.5 (CDSL charges)
Pledge Creation Charges	Pledge Creation Charges : -	Pledge Creation Charges : Rs 30 per request + GST
Pledge Creation Confirmation Charges	Pledge Creation Confirmation Charges : -	Pledge Creation Confirmation Charges : Rs 0
Pledge Invocation Charges	Pledge Invocation Charges : -	Pledge Invocation Charges : Rs 20
Failed Instruction Charges	Failed Instruction Charges : -	Failed Instruction Charges : Rs 50 per ISIN
Other Charges	Other Charges : -	Other Charges : Cheque Bounce: Rs 350 Physical Statement - Rs 50 (+Courier charges at actual) Modification in CML - Rs 25 per request KRA Upload / Download - Rs 50 per request Note: Interest at 18% p.a is charged on the outstanding bill amount if not paid within the due date.
	Open Account	Open Account

m,Stock vs Zerodha Basic Details

m,Stock and Total Number of Clients is 268305 and . Zerodha Year of Incorporation is 2010 and Total Number of Clients is 6862233 and Total Number of Branches is 22 .

	m,Stock	Zerodha
Year of Incorporation	Year of Incorporation : -	Year of Incorporation : 2010
Active Exchange Memberships	Active Exchange Memberships : -	Active Exchange Memberships : NSE, BSE, MCX and NCDEX
Demat Services	Demat Services : -	Demat Services : No
Website	Website : -	Website : https://zerodha.com
Contact Details	Contact Details : -	Contact Details : 080-40402020
Total Number of Clients	Total Number of Clients : 268,305	Total Number of Clients : 6,862,233
Total Number of Branches	Total Number of Branches : -	Total Number of Branches : 22
Products *	Products : -	Products : Kite Web, Kite Mobile for Android/iOS and Coin
	Open Account	Open Account

m,Stock vs Zerodha Orders

Orders

	m,Stock	Zerodha
Cover Orders (CO)	Cover Orders (CO) : -	Cover Orders (CO) : Yes
Bracket orders / One Cancels Other (BO / OCO)	Bracket orders / One Cancels Other (BO / OCO) : -	Bracket orders / One Cancels Other (BO / OCO) : No
After Market Orders (AMO)	After Market Orders (AMO) : -	After Market Orders (AMO) : Yes
Buy Today Sell Tomorrow (BTST) *	Buy Today Sell Tomorrow (BTST) : Yes	Buy Today Sell Tomorrow (BTST) : No
Sell Today Buy Tomorrow (STBT) *	Sell Today Buy Tomorrow (STBT) : Yes	Sell Today Buy Tomorrow (STBT) : No
Good Till Cancelled (GTC) *	Good Till Cancelled (GTC) : Yes	Good Till Cancelled (GTC) : Yes
	Open Account	Open Account

m,Stock vs Zerodha Research and Advice / Trading Tips

Research and Advice / Trading Tips

	m,Stock	Zerodha
Equity Trading Recommendation *	Equity Trading Recommendation : -	Equity Trading Recommendation : No
Equity Investment Recommendation *	Equity Investment Recommendation : -	Equity Investment Recommendation : No
Recommendation basis risk Profile *	Recommendation basis risk Profile : -	Recommendation basis risk Profile : No
Comparison *	Comparison : -	Comparison : No
Free Tips *	Free Tips : -	Free Tips : No
Daily Market report *	Daily Market report : -	Daily Market report : No
ETF research *	ETF research : -	ETF research : No
Quarterly Results *	Quarterly Results : -	Quarterly Results : No
	Open Account	Open Account

m,Stock vs Zerodha Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	m,Stock	Zerodha
Availability for franchisee / AP	Availability for franchisee / AP : -	Availability for franchisee / AP : Yes
Investment required for Franchisee / AP	Investment required for Franchisee / AP : -	Investment required for Franchisee / AP : Rs.11,000
	Open Account	Open Account

m,Stock vs Zerodha Product & Services

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

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

m,Stock vs Zerodha Customer Services

m,Stock and Zerodha 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:

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

m,Stock vs Zerodha Other Investement

m,Stock and Zerodha 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:

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

m,Stock vs Zerodha Trading Platform

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

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