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Groww Vs mStock (Compare Groww and mStock)

Nextbillion Technology pvt ltd Logo

About Groww
Groww is a Bangalore based broker offering online flat fee discount brokerage services to invest in Equity, IPO, and Direct Mutual Funds. Groww is the brand name for Nextbillion Technology Private Limited who is a SEBI registered stockbroker and a member of NSE and BSE. Established in 2016, Groww initially started as a direct mutual fund investment platform. In the mid-2020s, Groww expanded its product offering to include Equity trading. The company also offers Digital gold, US Stocks, and Fixe... Know more about Nextbillion Technology pvt ltd

Groww Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs
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

mStock Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs
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Groww Vs mStock

Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India. Incorporated in 2022, mStock is a Discount. It offers trading at BSE, NSE, MCX. It has 0 branches across India.

  Groww mStock
Type of Broker Discount Broker Discount
Exchnage Membership NSE and BSE BSE, NSE, MCX
Year of Incorporation 2016 2022
Number of Branches 0 0
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Groww Vs mStock Charges & AMC

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

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

Groww brokerage charges for equity is Rs 20 per executed order or 0.05% whichever is lower and intraday is Rs 20 per executed order or 0.05% whichever is lower whereas mStock brokerage charges for equity is Rs 0 (Free) and intraday is Rs 0 (Free).

Account Type Groww Standard Plan mStock Lifetime Zero Brokerage Plan
Fixed Charges NA Rs 999 (One Time Payment)
Equity Delivery Rs 20 per executed order or 0.05% whichever is lower Rs 0 (Free)
Equity Intraday Rs 20 per executed order or 0.05% whichever is lower Rs 0 (Free)
Equity Futures Rs 20 per executed order Rs 0 (Free)
Equity Options Rs 20 per executed order Rs 0 (Free)
Currency Futures NA Rs 0 (Free)
Currency Options NA Rs 0 (Free)
Commodity Futures NA NA
Commodity Options NA NA
Special Offer

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.

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.

Groww Vs mStock Brokerage Plan 2

  Groww mStock
Account Type Standard Plan Rs 0 Plan
Fixed Charges NA NA
Equity Delivery Rs 20 per executed order or 0.05% whichever is lower Rs 0 (Free)
Equity Intraday Rs 20 per executed order or 0.05% whichever is lower Rs.20 per Executed Order/0.3%of the turnover value
Equity Futures Rs 20 per executed order Rs 20 as per executer order
Equity Options Rs 20 per executed order Rs 20 as per executer order
Currency Futures NA Rs 20 as per executer order
Currency Options NA Rs 20 as per executer order
Commodity Futures NA NA
Commodity Options NA NA

Groww Charges Vs mStock

Minimum Brokerage Rs 20 or 0.05% per executed order
Other Charges Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50 Rs 20/order - MTF
Call & Trade Charges NA Rs 0 (Free)
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Groww Vs mStock Transaction Charges

Groww transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (on premium) while mStock exchange transaction charges for options is NSE Rs 4950 per Cr (0.0495%) (on premium).

  Groww 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%) | BSE Rs 3750 per Cr (0.0375%) (on premium) NSE Rs 4950 per Cr (0.0495%) (on premium)
Currency Futures NSE Rs 9 per Cr (0.00009%)
Currency Options (on premium) NSE Rs 35 per Cr (0.00035%) (on premium)
Commodity NA
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Groww Vs mStock Leverage (Margin)

Groww 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.

  Groww 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 Groww and mStock Features

The trading platforms offered Groww include Groww. mStock offers Mobile App & Web Platform trading software.

  Groww mStock
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding No Yes
Margin Against Shares (Equity Cash) No Yes
Margin Against Shares (Equity F&O) No Yes
Trading Platform Groww Mobile App & Web Platform
Intraday Square-off Time 3:10 PM
Trading In SME Shares Allowed? No Yes
Referral Program Yes
Other Features Buyback Trading
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Groww Vs mStock Review

Groww is rated 3.8 of 5 based on 101 customer reviews whereas .

  Groww mStock
  101 Customer Reviews    Rate Groww Customer Reviews    Rate mStock
Fees 4.2
Brokerage 3.8
Trading Platform 3.9
Customer Service 3.5
Research Capabilities 3.2
Overall Ratings Rated 3.8 stars
Broker Rating Groww is rated 3.8 of 5 based on 101 customer reviews
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Contact Broker / Request A Call Back

  Groww Enquire mStock Enquire
Contact Broker 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. 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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Groww Vs mStock Investment Options

  Groww mStock
Stock / Equity Yes Yes
Commodity No No
Currency No Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD No No
Debt Yes No
Other Investment Options Digital Gold, US Stocks, Fixed Deposits Pay Later (MTF), Pledge Shares
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Groww Vs mStock Order Type Offered

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

  Groww mStock
Daily Market Report No
Free Tips No
Quarterly Result Analysis No
News Alerts No
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Groww Vs mStock Suitable For Investor Type

  Groww mStock
Casual Investor Yes
Active Investor
Trader
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Groww Vs mStock - Pros and Cons

  Groww mStock
Pros
  • Simple pricing model with low-cost trading charges.
  • Free Mutual Fund investments with no hidden charges.
  • Zero Account opening fee.
  • Zero Maintenance Charges.
  • Direct MF platform that helps you earn an extra 1.5% returns.
  • E-books, Resources, and Blogs that provide the basics and updates on the stock market to help investors make an informed decision.
  • Instant paperless account opening.
  • Online IPO application.
  • Inhouse Brokerage Calculator
  • Option to invest online in digital gold and US Stocks. Other products (Derivatives, FD) in the pipeline. 
Cons
  • Limited investment products with no option to currently trade in derivatives (futures & options), commodity, and currency segment.
  • Doesn't offer trading in SME shares.
  • No Call and Trade services.
  • Branch support not available.
  • Do not provide stock tips, research reports, or recommendations.
  • No Margin trading facility.
  • No Margin against shares.
  • Advanced order types like BO, CO, AMO, and GTT not available.
  • Trailling stop loss orders are not available in Groww app.
  • Do not offer NRI Trading.
Reviews

Groww is a Bangalore based broker offering online services to invest in Equity, IPO, and Direct Mutual Funds. Groww is registered with SEBI as a stock broker in the name of NextBillion Technology Limited. Groww is also a member of the NSE, BSE, and CDSL depository.

Groww is an online discount broker with a simple pricing model based on a flat fee. The company charges a lower of Rs 20 or 0.05% per executed trade and offers Free Mutual Fund services with no charges in investing or redemption of mutual funds.

The account opening with Groww is also free with no maintenance charges. It does not offer any tips, recommendations, and research services. Groww offers its trading platform called Groww on web and mobile app to enjoy a seamless trading experience for its investors.

Promo / Offers

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  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.

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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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