Zerodha vs m.Stock Broking Comparison
If you are looking for a reliable and affordable online stock broker in India, you might have come across Zerodha and m.Stock. Both of these platforms offer a range of services and features to help you trade in the stock market. But how do they compare with each other? Which one is better suited for your needs and preferences? In this blog post, we will compare Zerodha and m.Stock on various parameters such as pricing, products, platforms, customer service, research and education, and more. By the end of this post, you will have a clear idea of which broker is the best choice for you.
1) Pricing
One of the most important factors to consider when choosing a stock broker is the pricing. How much do they charge for their services and transactions? How do they compare with the industry standards and competitors? Here is a brief overview of the pricing plans of Zerodha and m.Stock:
Zerodha: Zerodha is known for its low-cost and transparent pricing model. It charges a flat fee of Rs. 20 or 0.03% (whichever is lower) per executed order for equity delivery, intraday, futures, options, commodity and currency trades. It does not charge any brokerage for equity delivery trades (buy and hold). It also does not charge any account opening or maintenance fees for trading and demat accounts.
m.Stock: m.Stock is also a discount broker that offers competitive pricing plans. It charges a flat fee of Rs. 10 or 0.01% (whichever is lower) per executed order for equity delivery, intraday, futures, options, commodity and currency trades. It also does not charge any brokerage for equity delivery trades. However, it charges Rs. 300 for account opening and Rs. 300 per year for demat account maintenance.
As you can see, both Zerodha and m.Stock offer low-cost brokerage plans that can save you a lot of money in the long run. However, m.Stock has a slight edge over Zerodha in terms of pricing as it charges half the amount per order and has lower demat account maintenance fees.
If you are looking for a reliable and affordable online stock broker in India, you might have come across Zerodha and m.Stock. Both of them are popular platforms that offer a range of services and features for investors and traders. But how do they compare in terms of their price plans? Which one is more suitable for your needs and budget? In this blog post, we will explain the price plans of Zerodha and m.Stock in details and help you make an informed decision.
Zerodha Price Plan
Zerodha is one of the largest and most trusted online brokers in India, with over 5 million clients. Zerodha offers a flat fee structure for its services, which means you pay the same amount regardless of the size or volume of your trade. Zerodha charges Rs. 20 or 0.03% (whichever is lower) per executed order for equity delivery, equity intraday, equity futures, equity options, currency futures, currency options, and commodity futures. For commodity options, Zerodha charges Rs. 20 or 0.05% (whichever is lower) per executed order. Zerodha does not charge any brokerage fee for equity delivery trades, which means you can buy and hold stocks for free. Zerodha also offers free direct mutual fund investments through its platform Coin.
Apart from the brokerage fee, Zerodha also charges some other fees and taxes, such as securities transaction tax (STT), exchange transaction charges, goods and services tax (GST), stamp duty, and SEBI turnover fees. These charges vary depending on the type and value of your trade and are levied by the government and the exchanges. You can use Zerodha's brokerage calculator to estimate the total cost of your trade.
m.Stock Price Plan
m.Stock is a new online broker that was launched in 2020 by Motilal Oswal Financial Services Ltd., one of the leading financial services companies in India. m.Stock aims to provide a simple and convenient platform for investors and traders to access the stock market. m.Stock offers a flexible fee structure for its services, which means you can choose from different plans based on your trading frequency and preferences. m.Stock has three plans: Basic, Value, and Pro.
The Basic plan is suitable for beginners and occasional traders who want to invest in equity delivery and direct mutual funds. The Basic plan charges zero brokerage fee for equity delivery and direct mutual fund investments. The Basic plan also offers free research reports, free advisory calls, free margin funding, and free account opening.
The Value plan is suitable for regular traders who want to trade in equity intraday, equity futures, equity options, currency futures, currency options, and commodity futures. The Value plan charges Rs. 10 or 0.01% (whichever is lower) per executed order for these segments. The Value plan also offers free research reports, free advisory calls, free margin funding, discounted account opening fee of Rs. 500, and a free trading account.
The Pro plan is suitable for active traders who want to trade in all segments, including commodity options. The Pro plan charges Rs. 15 or 0.015% (whichever is lower) per executed order for all segments. The Pro plan also offers free research reports, free advisory calls, free margin funding, discounted account opening fee of Rs. 500, a free trading account, and a free demat account.
Similar to Zerodha, m.Stock also charges some other fees and taxes, such as STT, exchange transaction charges, GST, stamp duty, and SEBI turnover fees. These charges vary depending on the type and value of your trade and are levied by the government and the exchanges. You can use m.Stock's brokerage calculator to estimate the total cost of your trade.
2) Products
Another factor to consider when choosing a stock broker is the range of products and services they offer. What kind of instruments and segments can you trade with them? What kind of value-added services do they provide? Here is a brief overview of the products offered by Zerodha and m.Stock:
Zerodha: Zerodha offers a wide range of products and services to cater to different types of traders and investors. You can trade in equity, derivatives, commodity, currency, mutual funds, bonds, IPOs, ETFs, gold, etc. with Zerodha. You can also access various value-added services such as Zerodha Kite (a web and mobile trading platform), Zerodha Coin (a direct mutual fund platform), Zerodha Varsity (an online education portal), Zerodha Streak (an algo trading platform), Zerodha Sentinel (a market alert tool), Zerodha Console (a back-office portal), etc.
m.Stock: m.Stock also offers a comprehensive range of products and services to its clients. You can trade in equity, derivatives, commodity, currency, mutual funds, bonds, IPOs, ETFs, gold, etc. with m.Stock. You can also access various value-added services such as m.Stock Trade (a web and mobile trading platform), m.Stock MF (a direct mutual fund platform), m.Stock Research (a research portal), m.Stock Smart (a robo advisory service), m.Stock Support (a customer service portal), etc.
As you can see, both Zerodha and m.Stock offer a similar range of products and services to their clients. However, Zerodha has a slight edge over m.Stock in terms of product innovation and diversity as it offers more advanced tools and features such as algo trading, market alerts, etc.
3) Platforms
Another factor to consider when choosing a stock broker is the quality and usability of their trading platforms. How easy and convenient are they to use? How fast and reliable are they? How many features and functionalities do they offer? Here is a brief overview of the trading platforms offered by Zerodha and m.Stock:
Zerodha: Zerodha offers one of the best trading platforms in the industry called Zerodha Kite. It is a web-based platform that can be accessed from any browser or device. It has a sleek and intuitive user interface that allows you to trade with ease. It has many features and functionalities such as advanced charts, indicators, order types, market depth, portfolio tracker,