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Fyers Vs mStock (Compare Fyers and mStock)

Fyers Securities Ltd Logo

About Fyers
Incorporated in 2015, Fyers Securities is a Bangalore based online discount stock broker. Fyers offers trading in Equity Cash, F&O and Currency Derivatives segments. FYERS word is an acronym for 'Focus Your Energy & Reform the Self', representing the core values of the company. The company was founded by young entrepreneurs who believe in building the best trading platforms, being transparent and keeping the cost of trading at its lowest in India. Fyers is a low brokerage stock broker in India. ... Know more about Fyers Securities Ltd

Mirae Asset Capital Markets Logo

About mStock
Incorporated in April 2022 by Mirae Asset Capital Markets (India) Pvt Ltd, m.Stock offers a comprehensive range of stockbroking services to retail clients under its brand. It offers investment opportunities in stocks, currencies, IPOs and direct mutual funds. One of the platform's most attractive features is the lifetime zero brokerage plan with a one-time fee of Rs 999. Unlike most brokers, this plan ensures zero brokerage on F&O, Intraday, Delivery, IPOs, ETFs, Currency and Mutual Funds, m... Know more about Mirae Asset Capital Markets

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Fyers Vs mStock

Incorporated in 2015, Fyers is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 2 branches across India. Incorporated in 2022, mStock is a Discount. It offers trading at BSE, NSE, MCX. It has 0 branches across India.

  Fyers mStock
Type of Broker Discount Broker Discount
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX
Year of Incorporation 2015 2022
Number of Branches 2 0
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Fyers Vs mStock Charges & AMC

Fyers trading account opening charges is Rs 0 (Free) while mStock account opening changes is Rs 999 (One TIme Cost). Fyers Demat Account AMC Charges is Rs 0 (Free AMC for Lifetime) and mStock Demat Account AMC Charges is Annual Rs. 480 + GST (To be recovered on a Quarterly basis).

  Fyers mStock
Trading Account Opening Charges Rs 0 (Free) Rs 999 (One TIme Cost)
Trading Account AMC Charges Rs 0 (Free AMC for Lifetime) Annual Rs. 480 + GST (To be recovered on a Quarter
Demat Account Opening Charges Rs 0 (Free) Rs 999 (One TIme Cost)
Demat Account AMC Charges Rs 0 (Free AMC for Lifetime) Annual Rs. 480 + GST (To be recovered on a Quarterly basis)

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Fyers Vs mStock Brokerage

Fyers brokerage charges for equity is 0.03% or Rs 20, whichever is lower and intraday is 0.03% or Rs 20, whichever is lower whereas mStock brokerage charges for equity is Rs 0 (Free) and intraday is Rs 0 (Free).

Account Type Fyers Flat Fee Brokerage Plan mStock Lifetime Zero Brokerage Plan
Fixed Charges NA Rs 999 (One Time Payment)
Equity Delivery 0.03% or Rs 20, whichever is lower Rs 0 (Free)
Equity Intraday 0.03% or Rs 20, whichever is lower Rs 0 (Free)
Equity Futures 0.03% or Rs 20, whichever is lower Rs 0 (Free)
Equity Options Rs 20 per executed order Rs 0 (Free)
Currency Futures 0.03% or Rs 20, whichever is lower Rs 0 (Free)
Currency Options Rs 20 per executed order Rs 0 (Free)
Commodity Futures 0.03% or Rs 20, whichever is lower NA
Commodity Options Rs 20 per executed order NA
Special Offer
Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.

Zerodha (Flat Rs 20 Per Trade)

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 and start trading today.

Fyers Vs mStock Brokerage Plan 2

  Fyers mStock
Account Type Flat Fee Brokerage Plan Rs 0 Plan
Fixed Charges NA NA
Equity Delivery 0.03% or Rs 20, whichever is lower Rs 0 (Free)
Equity Intraday 0.03% or Rs 20, whichever is lower Rs.20 per Executed Order/0.3%of the turnover value
Equity Futures 0.03% or Rs 20, whichever is lower Rs 20 as per executer order
Equity Options Rs 20 per executed order Rs 20 as per executer order
Currency Futures 0.03% or Rs 20, whichever is lower Rs 20 as per executer order
Currency Options Rs 20 per executed order Rs 20 as per executer order
Commodity Futures 0.03% or Rs 20, whichever is lower NA
Commodity Options Rs 20 per executed order NA
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Fyers Charges Vs mStock

Minimum Brokerage Intra-day: 0.03% or Rs 20, whichever is lower
Other Charges Square-off by Fyers - Rs 50 per trade, NRI Brokerage: Rs 50 (equity delivery) Rs 20/order - MTF
Call & Trade Charges Rs 50 per trade Rs 0 (Free)

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Fyers Vs mStock Transaction Charges

Fyers transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium) while mStock exchange transaction charges for options is NSE Rs 4950 per Cr (0.0495%) (on premium).

  Fyers mStock
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) NSE Rs 322 per Cr (0.00322%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side) NSE Rs 322 per Cr (0.00322%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 NSE Rs 188 per Cr (0.00188%) | BSE Rs 0
Equity Options NSE Rs 5000 per Cr (0.05%) (on premium) NSE Rs 4950 per Cr (0.0495%) (on premium)
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) NSE Rs 9 per Cr (0.00009%)
Currency Options NSE Rs 3500 per Cr (0.035%) (on premium) NSE Rs 35 per Cr (0.00035%) (on premium)
Commodity NA
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Fyers Vs mStock Leverage (Margin)

Fyers margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the mStock margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Fyers mStock
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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Compare Fyers and mStock Features

The trading platforms offered Fyers include Fyers App, Fyers Web, Fyers Next. mStock offers Mobile App & Web Platform trading software.

  Fyers mStock
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform Fyers App, Fyers Web, Fyers Next Mobile App & Web Platform
Intraday Square-off Time 3:15 PM
Trading In SME Shares Allowed? Yes Yes
Referral Program Yes Yes
Other Features API Trading, Algo Trading and Insta Options is available, which is designed for options traders. Buyback Trading
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Fyers Vs mStock Review

Fyers is rated 2.9 of 5 based on 37 customer reviews whereas .

  Fyers mStock
  37 Customer Reviews    Rate Fyers Customer Reviews    Rate mStock
Fees 3.4
Brokerage 3.5
Trading Platform 3.2
Customer Service 2.9
Research Capabilities 2.3
Overall Ratings Rated 2.9 stars
Broker Rating Fyers is rated 2.9 of 5 based on 37 customer reviews

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Contact Broker / Request A Call Back

  Fyers Enquire mStock Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today. 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 and start trading today.

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Fyers Vs mStock Investment Options

  Fyers mStock
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD No No
Debt No No
Other Investment Options Pay Later (MTF), Pledge Shares

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Fyers Vs mStock Order Type Offered

  Fyers mStock
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes No
Sell Today Buy Tomorrow (STBT) Yes No
After Market Order(AMO) Yes
Good Till Cancelled (GTC) Yes
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Fyers Vs mStock Research Report

  Fyers mStock
Daily Market Report Yes
Free Tips No
Quarterly Result Analysis Yes
News Alerts Yes

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Fyers Vs mStock Suitable For Investor Type

  Fyers mStock
Casual Investor
Active Investor Yes
Trader Yes

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Fyers Vs mStock - Pros and Cons

  Fyers mStock
Pros
  • Free equity delivery trades and thematic investments. No brokerage for this segment.
  • Very low brokerage charges of maximum Rs 20 per trade.
  • Free account opening.
  • No software charges.
  • State of art trading platforms.
  • Thematic investment is available
  • Refer your friends and earn 20% of the revenues generated by your friends, for life!
Cons
  • Depository services are offered through another company (IL&FS). Higher demat charges.
Reviews
Promo / Offers

Fyers Special Offer

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O.
  • Brokerage-free Direct Mutual Fund investment.
  • Trade with one of the best trading platforms in India.

This is a limited-time offer. Open FREE Fyers Account online and start trading today.

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews
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