Free Account Opening + AMC Free Demat
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Upstox Vs mStock (Compare Upstox and mStock)

Upstox Logo

About Upstox
Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro Web and Upstox Pro Mobile trading platforms. Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix. Upstox trading platform offers trading, analysis, charting and many more rich trading features. This platfo... Know more about Upstox

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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Upstox Vs mStock

Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India. Incorporated in 2022, mStock is a Discount. It offers trading at BSE, NSE, MCX. It has 0 branches across India.

  Upstox mStock
Type of Broker Discount Broker Discount
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX
Year of Incorporation 2012 2022
Number of Branches 4 0
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Upstox Vs mStock Charges & AMC

Upstox trading account opening charges is Rs 0 (Free) while mStock account opening changes is Rs 999 (One TIme Cost). Upstox Demat Account AMC Charges is Rs 150 and mStock Demat Account AMC Charges is Annual Rs. 480 + GST (To be recovered on a Quarterly basis).

  Upstox mStock
Trading Account Opening Charges Rs 0 (Free) Rs 999 (One TIme Cost)
Trading Account AMC Charges Rs 0 (Free) 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 150 Annual Rs. 480 + GST (To be recovered on a Quarterly basis)

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Upstox Vs mStock Brokerage

Upstox brokerage charges for equity is Rs 20 per executed order or 2.5% whichever is low 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 Upstox Default mStock Lifetime Zero Brokerage Plan
Fixed Charges NA Rs 999 (One Time Payment)
Equity Delivery Rs 20 per executed order or 2.5% whichever is low 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 or 0.05% whichever is lower Rs 0 (Free)
Equity Options Rs 20 per executed order Rs 0 (Free)
Currency Futures Rs 20 per executed order or 0.05% whichever is lower Rs 0 (Free)
Currency Options Rs 20 per executed order Rs 0 (Free)
Commodity Futures Rs 20 per executed order or 0.05% whichever is lower NA
Commodity Options Rs 20 per executed order NA
Special Offer
Special Offer: Pay flat Rs 20 per trade for delivery, 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.

Upstox Vs mStock Brokerage Plan 2

  Upstox mStock
Account Type Default Rs 0 Plan
Fixed Charges NA NA
Equity Delivery Rs 20 per executed order or 2.5% whichever is low 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 or 0.05% whichever is lower Rs 20 as per executer order
Equity Options Rs 20 per executed order Rs 20 as per executer order
Currency Futures Rs 20 per executed order or 0.05% whichever is lower Rs 20 as per executer order
Currency Options Rs 20 per executed order Rs 20 as per executer order
Commodity Futures Rs 20 per executed order or 0.05% whichever is lower NA
Commodity Options Rs 20 per executed order NA
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Upstox Charges Vs mStock

Minimum Brokerage 0.05%
Other Charges Auto Square-off Charges: Rs 50 Rs 20/order - MTF
Call & Trade Charges Rs 20 per trade Rs 0 (Free)

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Upstox Vs mStock Transaction Charges

Upstox 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).

  Upstox 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 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%) NSE Rs 9 per Cr (0.00009%)
Currency Options NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium) NSE Rs 35 per Cr (0.00035%) (on premium)
Commodity Group A - Rs 290 per Cr (0.0029%)
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Upstox Vs mStock Leverage (Margin)

Upstox 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.

  Upstox 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 Upstox and mStock Features

The trading platforms offered Upstox include Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola. mStock offers Mobile App & Web Platform trading software.

  Upstox mStock
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) No Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola Mobile App & Web Platform
Intraday Square-off Time 3:00 PM
Trading In SME Shares Allowed? Yes Yes
Referral Program Yes Yes
Other Features Option strategy builder Buyback Trading
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Upstox Vs mStock Review

Upstox is rated 2.4 of 5 based on 147 customer reviews whereas .

  Upstox mStock
  147 Customer Reviews    Rate Upstox Customer Reviews    Rate mStock
Fees 3.3
Brokerage 3.3
Trading Platform 2.6
Customer Service 2.3
Research Capabilities 2.2
Overall Ratings Rated 2.4 stars
Broker Rating Upstox is rated 2.4 of 5 based on 147 customer reviews

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Contact Broker / Request A Call Back

  Upstox Enquire mStock Enquire
Contact Broker Pay flat Rs 20 per trade for delivery, 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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Upstox Vs mStock Investment Options

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

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Upstox Vs mStock Order Type Offered

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

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

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Upstox Vs mStock Suitable For Investor Type

  Upstox mStock
Casual Investor Yes
Active Investor Yes
Trader Yes

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Upstox Vs mStock - Pros and Cons

  Upstox mStock
Pros
  • Zero account opening fee.
  • Zero brokerage for Mutual Fund investment.
  • Flat Rs 20 per trade brokerage for all other segments including equity delivery.
  • Offer direct mutual funds.
  • One app for trading in equity, currency, and commodity.
  • Margin Trading Facility (MTF) is available at interest rate of Rs 20/day for slabs of Rs 40,000.
  • Margin Against Share is available
  • Online IPO, FPO, Bonds, and NCD's are available.
  • Good-Till-Triggered (GTT) orders are available.
Cons
  • Equity delivery brokerage fee is Rs 20 per trade. Other brokers like Zerodha offers brokerage-free equity delivery trades.
  • Doesn't offer unlimited trading plans.
  • Doesn't offer margin funding for delivery trades.
  • Doesn't offer stock tips or recommendations.
  • Doesn't offer a 3-in-1 account.
  • Doesn't offer 24/7 customer support.
  • Doesn't offer API access for automated trading.
  • Doesn't offer NRI Trading and Demat account.
  • Doesn't offer BTST
  • Doesn't offer digital gold.
  • Call-and-trade fee is Rs 20 per executed order extra.
  • Automatic settlement charges an additional Rs 50 per executed order.
  • Higher Demat Debit Transaction charges (Rs 18.5 per ISIN). Zerodha charges Rs 13.5.
  • Intraday square-off at 3 PM. Most other brokers do it at 3:15 PM.
Reviews
Promo / Offers

Upstox Special Offer

Exclusive offer by Upstox

  • Pay flat Rs 20 for Eq Delivery, Intra-day and F&O Trades.
  • Pay Rs 0 commission for Mutual Funds.

It is a limited-time offer. Open Instant Account and start trading the same day.

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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