mStock Vs INDmoney
mStock
mStock Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
INDmoney
INDmoney Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
mStock Vs INDmoney - Broker Details
| mStock | INDmoney | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2022 | 2019 |
| Exchanges | NSE, BSE and MCX | NSE, BSE and MCX |
| Branches | N/A | 966 |
| Brokerage | ₹0 | 0.05% or up to ₹20/Per Order |
| Broker Type | Discount Broker | Discount Broker |
mStock Vs INDmoney - Account Opening & AMC Charges
| mStock | INDmoney | |
|---|---|---|
| Trading Account Opening Charge | ₹149 or ₹999 | ₹0 (Free) |
| Demat Account Opening Charge | ₹149 or ₹999 | ₹0 (Free) |
| Demat Account AMC | ₹149 or ₹999 ₹149 or ₹999 + ₹999 (One time AMC) | ₹0 (Free) |
| Trading Account AMC | ₹149 or ₹999 + ₹999 (One time AMC) | ₹0 (Free) |
mStock Vs INDmoney - Brokerage charges & Plans
| mStock | INDmoney | |
|---|---|---|
| Commodity Futures | ₹0 | N/A |
| Currency Futures | ₹0 | 0.05% or up to ₹20/Per Order |
| Equity Delivery | ₹0 | 0.05% or up to ₹20/Per Order |
| Equity Options | ₹0 | 0.05% or up to ₹20/Per Order |
| Commodity Options | ₹0 | N/A |
| Equity Futures | ₹0 | 0.05% or up to ₹20/Per Order |
| Currency Options | ₹0 | 0.05% or up to ₹20/Per Order |
| Fixed Charges | ₹0 | 0.05% or up to ₹20/Per Order |
| Equity Intraday | ₹0 | 0.05% or up to ₹20/Per Order |
mStock Vs INDmoney - Other Charges
| mStock | INDmoney | |
|---|---|---|
| RMS Square Off Charge | ₹0 (Free) | ₹50 per position |
| API Charges | ₹0 (Free) | N/A |
| Call & Trade Charges | ₹0 (Free) | ₹50 per position |
| Other Brokerage Charges | ₹0 (Free) | 0.05% or up to ₹20/Per Order |
| Minimum Brokerage | ₹0 (Free) | 0.05% or up to ₹20/Per Order |
mStock Vs INDmoney - Transaction Charges
| mStock | INDmoney | |
|---|---|---|
| Currency Options | NSE: Exchange txn charge: 0.035% | NSE: 0.035 % And | BSE: 0.001% On Options Premium Value |
| Equity Futures | NSE: 0.0019% | NSE: 0.00195% on total turnover value |
| Equity Intraday | BSE: 0.00375% | NSE: 0.00325% | NSE - 0.00325% | BSE- 0.00375% |
| Equity Options | NSE: 0.050% | NSE: 0.053% on premium value |
| Commodity | Non-Agri ₹360/Cr (0.0036%) | Agri ₹275/Cr (0.00275%) | Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month TO ) 0.0013% On Turnover For A Category (FAR Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Following Scrips: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN |
| Currency Futures | NSE: Exchange txn charge: 0.0009% | NSE: 0.0009% On Futures Turnover value | BSE: 0.00022% On Futures Turnover value |
| Equity Delivery | BSE: 0.00375% | NSE: 0.00325% | NSE - 0.00325% | BSE- 0.00375% |
mStock Vs INDmoney - Margin (Exposure)
| mStock | INDmoney | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x(100% of NRML margin (Span + Exposure)) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (100% of trade value) | 1x (no margin) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
mStock Vs INDmoney - Features
| mStock | INDmoney | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM |
| Trading Platform | 1. Mstock Mobile App, 2. Mstock Web Portal | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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mStock Vs INDmoney - Review & Rating
| mStock | INDmoney | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account |
mStock Vs INDmoney - Request a call back from Broker
| mStock | INDmoney | |
|---|---|---|
mStock Vs INDmoney - Investment Options
| mStock | INDmoney | |
|---|---|---|
| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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mStock Vs INDmoney - Order Type
| mStock | INDmoney | |
|---|---|---|
| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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mStock Vs INDmoney - Research & Report
| mStock | INDmoney | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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mStock Vs INDmoney - Daily Market Report
| mStock | INDmoney | |
|---|---|---|
| Daily Market Reports & News |
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mStock Vs INDmoney - Suitable For Investor
| mStock | INDmoney | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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mStock Vs INDmoney - Pros & Cons
| mStock | INDmoney | |
|---|---|---|
| Pros | 1.It charges 0 brokerage. 2.Real-time market data and analysis tools. 3.It provides education facility to its customers. 4.It avails its customers with refer and earn program. 5.The customers can apply for an IPO directly from the mstock Account. 6. Market and historical data available. | 1. User-Friendly Platform 2. It provides the most advanced trading platforms. 3. All-in-One Financial App 4.INDMoney facilitates goal-based investing, helping users set and achieve financial objectives 5. The broker offers responsive customer support to address inquiries and provide assistance whenever needed. |
| Cons | 1.Non availability of 3-in-1 account 2.Limited trading tools and advanced features. 3.Compared to other discount brokers exchange transaction charges are also very high. 4.Higher minimum deposit requirements. 5.The call and trade are present at an additional fee. | 1.Limited Global Investment Options 2.Limited Advanced Trading Features 3. INDMoney primarily operates through its app, which might not be suitable for investors who prefer traditional phone or in-person customer support. |
mStock Vs INDmoney - Background
| mStock | INDmoney | |
|---|---|---|
mStock Vs INDmoney - Compare All Brokers
| mStock | INDmoney | |
|---|---|---|
mStock Vs INDmoney - STT/CTT
| mStock | INDmoney | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.01% only on sell side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on the sell side | 0.025% only on sell |
| Equity Options | 0.05% on Sell Side(on Premium) | 0.05% only on sell (On Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both Buy and Sell | 0.1% on both buy & sell |
| Equity Futures | 0.0125% on sell side | 0.01% only on sell |
| Commodity Options | 0.05% on sell side | 0.05% only on sell side |
mStock Vs INDmoney - Demat transaction charges
| mStock | INDmoney | |
|---|---|---|
| Equity Demat Transaction Charges | ₹12 + Gst per scrip only on sell | ₹250/ per certificate |
mStock Vs INDmoney - GST
| mStock | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (brokerage + transaction charges + SEBI charges) | 18% on (Brokerage + Transaction Charge) |
mStock Vs INDmoney - SEBI Charges
| mStock | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10 / crore | ₹10/Crore |
mStock Vs INDmoney - Account Opening & AMC Charges
mStock
INDmoney
Trading Account Opening Charge
₹149 or ₹999
₹0 (Free)
Demat Account Opening Charge
₹149 or ₹999
₹0 (Free)
Demat Account AMC
₹149 or ₹999 ₹149 or ₹999 + ₹999 (One time AMC)
₹0 (Free)
Trading Account AMC
₹149 or ₹999 + ₹999 (One time AMC)
₹0 (Free)
mStock Vs INDmoney
| mStock | INDmoney | |
|---|---|---|
mStock Review 2024mStock .. |
INDmoney Account Opening Process, Charges, and Documentation Details |
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INDmoney
INDmoney Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
mStock Vs INDmoney - Brokerage charges & Plans
| mStock | INDmoney | |
|---|---|---|
| Commodity Futures | ₹0 | N/A |
| Currency Futures | ₹0 | 0.05% or up to ₹20/Per Order |
| Equity Delivery | ₹0 | 0.05% or up to ₹20/Per Order |
| Equity Options | ₹0 | 0.05% or up to ₹20/Per Order |
| Commodity Options | ₹0 | N/A |
| Equity Futures | ₹0 | 0.05% or up to ₹20/Per Order |
| Currency Options | ₹0 | 0.05% or up to ₹20/Per Order |
| Fixed Charges | ₹0 | 0.05% or up to ₹20/Per Order |
| Equity Intraday | ₹0 | 0.05% or up to ₹20/Per Order |
| Call Back Open Account |
mStock Vs INDmoney - Margin (Exposure)
| mStock | INDmoney | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x(100% of NRML margin (Span + Exposure)) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (100% of trade value) | 1x (no margin) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Call Back Open Account |
mStock Vs INDmoney - Other Charges
| mStock | INDmoney | |
|---|---|---|
| RMS Square Off Charge | ₹0 (Free) | ₹50 per position |
| API Charges | ₹0 (Free) | N/A |
| Call & Trade Charges | ₹0 (Free) | ₹50 per position |
| Other Brokerage Charges | ₹0 (Free) | 0.05% or up to ₹20/Per Order |
| Minimum Brokerage | ₹0 (Free) | 0.05% or up to ₹20/Per Order |
mStock Vs INDmoney - STT/CTT
| mStock | INDmoney | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.01% only on sell side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on the sell side | 0.025% only on sell |
| Equity Options | 0.05% on Sell Side(on Premium) | 0.05% only on sell (On Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both Buy and Sell | 0.1% on both buy & sell |
| Equity Futures | 0.0125% on sell side | 0.01% only on sell |
| Commodity Options | 0.05% on sell side | 0.05% only on sell side |
mStock Vs INDmoney - Demat transaction charges
| mStock | INDmoney | |
|---|---|---|
| Equity Demat Transaction Charges | ₹12 + Gst per scrip only on sell | ₹250/ per certificate |
mStock Vs INDmoney - GST
| mStock | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (brokerage + transaction charges + SEBI charges) | 18% on (Brokerage + Transaction Charge) |
mStock Vs INDmoney - SEBI Charges
| mStock | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10 / crore | ₹10/Crore |
mStock Vs INDmoney - Features
| mStock | INDmoney | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
|
| Intraday Square-off Time | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM |
| Trading Platform | 1. Mstock Mobile App, 2. Mstock Web Portal | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |