Zerodha vs m.Stock- Which one is better?

There are various popular stockbrokers in India, Zerodha and m.Stock is one of them. The right stockbroker is important to earn decent profits and get a smoother trading experience. There are countless stockbrokers in India and choosing one may not be easy for everyone. So, to make your task easier, we will compare the two popular discount brokers in India named, Zerodha and m.Stock. In this article, you will find an in-depth analysis and comparison between Zerodha and m.Stock.

Introduction to Zerodha and m.Stock

Zerodha

When we talk about the best stockbrokers in India, Zerodha comes at the top list. Zerodha is the largest and most reputed stockbroker in India offering a disruptive brokerage pricing model to its customers. It started in the year 2010 by Mr Nithin Kamath, who started to change the broking industry.  They offer broking services including, low brokerage charges and online trading platforms. They have the largest active client base in India with over 1 Cr+ clients.

Android App Rating: 4.0/5

iOS App Rating: 3.5/5

Active Clients: 63,57,948

m.Stock

m.Stock is a discount broker, launched by Mirae Asset. Mirae Asset started in Asia and now has a presence in over 14 countries. M.Stock launched in the year 2022 and offers lifetime zero brokerage across all products. It is trusted by millions of investors and traders for over 25 years globally. They have total client assets of 548 billion USD and 1,316 crore+ average daily turnover. They charge you a one-time fee of Rs. 999 allowing you to trade in various segments like stocks, mutual funds, currency, F&O, IPOs, etc.

Android App Rating: 4.5/5

iOS App Rating: 3.7/5

Active Clients: 1,68,442

Zerodha and m.Stock Features

Zerodha Review- Advantages and Disadvantages

Every stockbroker has its pros and cons. So, now we will discuss the advantages and disadvantages of Zerodha. This will help you to decide if this stockbroker is right for your trading needs.

Advantages of Zerodha

• Zerodha contributes to over 15% of overall retail order volumes in India, which makes them the largest stockbroker.
• Zerodha is one of the trustworthy brokers who provide safety and commitment.
• They do not charge any brokerage for equity delivery and mutual funds.
• On intraday trading, you can get up to 20x leverage.
• They charge a maximum brokerage of Rs. 20 per order.
• Offers advanced trading platforms with innovative technology.
• Educational blogs and videos to increase financial literacy among their customers.
• Responsive customer service through calls, email support, and creating a ticket feature.
• Offer the most popular trading app, known as Zerodha Kite with advanced features like multiple market watchlists, streaming quotes, and much more.
• They offer a referral program, where if you refer a friend to Zerodha, you will both receive a 10% brokerage share.

Disadvantages of Zerodha

• For call & trade service, they charge you Rs. 20 per trade.
• Zerodha does not offer a 3-in-1 demat account.
• It does not provide you with any stock recommendations or investment analysis.
• They do not have any live support for their customers.
• There are a few additional charges for MIS/BO/CO positions, SMS trade alerts, DP charges, etc.
• Zerodha does not offer any banking services.
• Zerodha does not offer any banking services.

m.Stock Review- Advantages and Disadvantages

m.Stock is comparatively a new stockbroker in the industry. So, we will now review about the m.Stock stockbroker along with its pros and cons.

Advantages of m.Stock

• They do not charge any AMC charges for a demat account.
• There is a Rs. 149 plan that allows you to test out the service before subscribing to the Rs. 999 plan.
• They offer the most affordable brokerage structure among various discount brokers.
• Easy-to-use calculators for making smart investment decisions.
• You can view your entire portfolio in a single view screen.
• Access to reliable market data and financial information for fundamental study and analysis.
• You can create up to 7 watchlists with 50 stocks each.
• Onboarding new customers in less than 5 minutes.
• Trading charts are available with the buy and sell feature.
• Referral program to earn some extra commission.
• Exemption from stock transaction commissions.

Disadvantages of m.Stock

• They do not provide stock analysis or research reports.
• They do not offer commodity trading yet.
• If investors do not select the 999 Zero Brokerage plan, an AMC of Rs. 120 is levied per quarter.
• No physical branches are available because it is a discount broker.
• Minor issues in the broker’s app due to its recent market entry.

Zerodha vs. m.Stock Charges

Zerodha Account Opening and AMC Charges

Zerodha Brokerage Charges

There are other charges and taxes which are levied apart from brokerage, they are:

• Turnover/Transaction Charges
• Security Transaction Tax (STT)
• SEBI Fees
• Stamp Duty
• GST

m.Stock Account Opening and AMC Charges

m.Stock Brokerage Charges

Zerodha and m.Stock Margins

Zerodha vs.m.Stock Trading Platforms

Zerodha Trading Platforms

• Zerodha Kite Website: It is a web-based trading platform for traders and investors, where you can get streaming market data, a universal search instrument, 100+ indicators, and advanced charting options.

• Zerodha Kite App: It is a mobile trading app that provides advanced features like a live market, multiple market watchlists, various advanced technical indicators, a fund transfer facility, multiple order types, and quick execution of trades. 

• Zerodha Coin: It is a platform for mutual fund investments at zero commission. It is free to use, and you can invest in direct mutual funds through SIP and lumpsum. You can also invest in Government bonds, corporate bonds, and gold bonds as well. 

• Other Products: Zerodha offers other products as well like Smallcase, Streak, Varsity, Sensibull, Ditto, and Golden Pi.

m.Stock Trading Platforms

• m.Stock Web Portal: It is a website-based portal with a smart user interface and advanced trading tools. It doesn’t need any software installation. It provides intuitive features like single-click order placement, different calculators, fundamental and technical data, creating up to 7 watchlist, and quick voice search.

• m.Stock Share Market App: It is designed for smartphone users and can be used on iOS and Android devices. It offers some unique features like option chain analysis, one-view portfolio, price alerts, live market data, order placement in a single click, and advanced charting options.

Zerodha vs. m. Stock- Which is better?

m.Stock launched in 2022 and Zerodha has been in the broking industry since 2010. Even though m.Stock is new in the market, they have gained huge popularity due to their USP of zero brokerage lifetime. However, most Indian traders consider Zerodha to be the most trustworthy trading platform.

Now, which broker to choose depends on your personal choice. Every individual has it’s own choices and every broker has its pros and cons. If you are looking for a broker that provides user-friendly trading platforms and outstanding services, you can go for Zerodha. However, if you are looking from a cost perspective, m.Stock can help you save huge brokerage amounts and they are performing well in just a year.

Conclusion

Both of the stockbrokers- Zerodha and m.Stock provides various advantages and caters to varying trading needs. To identify which brokerage platform is best for your financial goals, you must first assess your needs and priorities. Select the platform which suits best your needs and helps you in achieving your goals. Look for the reviews of a stockbroker and if you have any confusion, they provide you with a demo. Make sure to check the complaints against a stockbroker and how quickly they are resolving them.

FAQs about Zerodha vs. m.Stock