Upstox vs MStock – Compare Charges, Trading Features, Offers & more

Find a Comparison of Upstox vs MStock here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Upstox and MStock.

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Upstox vs MStock – Company Overview

Company Overview Upstox MStock
Company Type Private Private
Headquarters Mumbai Mumbai
Founder Raghu Kumar, Ravi Kumar & Shrinivas Vishvanath Park Hyeon-Joo
Establishment Year 2011 1997

Compare the Brokerage of Upstox and MStock

Brokerage Upstox MStock
Brokerage Plan Standard Plan Zero Delivery Plan
Subscription Charges Zero Zero
Equity Delivery Rs.20 per Trade or 2.5%, whichever is low Free
Equity Intraday Rs.20 per Trade or 0.05% (whichever is low) Rs.20 per Trade
Equity Future Rs.20 per Trade or 0.05% (whichever is low) Rs.20 per Trade
Equity Option Rs.20 per Trade Rs.20 per Trade
Commodity Future Rs.20 per Trade or 0.05% (whichever is low) NA
Commodity Option Rs.20 per Trade NA
Currency Future Rs.20 per Trade or 0.05% (whichever is low) Rs.20 per Trade
Currency Option Rs.20 per Trade Rs.20 per Trade

Upstox vs MStock – Trading Platforms

Trading Platforms Upstox MStock
Android App Upstox Android App Link MStock Android App Link
iOS App Upstox iOS App Link MStock iOS App Link
Web Trading Platform Upstox Web Trading Link MStock Web Trading Link
Trading Terminal NA NA
Algo Trading Platform Available NA
Foreign Stocks Trading Platform NA NA
Basket Trading Platform Available NA
Mutual Fund Investment Platform Available Available
Digital Gold Investment Platform NA NA
Bonds Investment Platform NA NA

Comparison of Upstox and MStock – Trading Features

Trading Features Upstox MStock
Wishlist Yes Yes
Real Time Updates Yes Yes
Portfolio Details Yes Yes
Online MF Buy Yes Yes
Research Reports No No
Global indices No No
Customised Recommendations No No
Stock tips No Yes
Interactive charts Yes Yes
Live market Yes Yes
Multi Profile Management No No
Robust & Secure Platform Yes Yes

Compare Upstox vs MStock Offers

Offers Upstox MStock
Free Account Opening Yes No
Free AMC No No
Free Brokerage No Yes, Limited
Flat Brokerage Yes Yes
Flexible Brokerage Plans No Yes
Happy Trading Hours No No
Free Delivery Trading No Yes
Free Intraday Trading No Yes, Limited
Free F&O Trading No Yes, Limited
Free Research Reports No Yes
Free Trading calls No Yes
Referral Offers Upto Rs.700 per Client Upto Rs.500 per Client
Margin Funding / Pledging Yes Yes
Brokerage Cashback No No
Zero Brokerage for Loss Making Trades No No

Upstox vs MStock – Products Provided

Products Provided Upstox MStock
Equity Delivery Yes Yes
Equity Intraday Yes Yes
Equity Option Yes Yes
Equity Future Yes Yes
Commodity Option Yes No
Commodity Future Yes No
Currency Option Yes Yes
Currency Future Yes Yes
Foreign Stocks No No
Mutual Funds Yes Yes
Banking No No
Insurance No No
Corporate Bonds No No
Govt. Bonds No No
Digital Gold No No

Upstox vs MStock – Services Provided

Services Provided Upstox MStock
Demat Services Yes Yes
Trading Services Yes Yes
Intraday Services Yes Yes
F&O Services Yes Yes
IPO Services Yes Yes
3 in 1 Account No No
Stock Research No Yes
Stock Recommendations No Yes
Trading Institution Yes, UpLearn No
Share Pledging Yes Yes
PMS or PCG No No
NRI Services No No

Compare Upstox and MStock Advisory

Advisory Upstox MStock
Fundamental Reports Yes No
Research Reports No No
Company Reports No No
Annual Reports No No
IPO Reports Yes No
Technical Reports No No
Stock Tips No Yes
Daily Top Stock Picks No Yes
Daily Market Review No Yes
Monthly Review No Yes
Weekly Review No Yes
Relationship Manager No No
Robo Advisory No No

Comparison of Upstox and MStock Exposure

Exposure Upstox MStock
Equity Delivery 1x 1x
Equity Intraday Upto 5x (Depends on Stocks) Upto 5x (Depends on Stocks)
Equity F&O Carry Forward 1x 1x
Equity F&O Intraday 1.3x 1.3x
Commodity F&O Carry Forward 1x 1x
Commodity F&O Intraday 1.3x 1.3x
Currency F&O 1x 1x

Compare Programs of Upstox & MStock

Programs Upstox MStock
Sub Broker Program Yes, Limited Yes, Limited
Partner Program Yes Yes, Limited
Referral Program Yes Yes

Upstox vs MStock – Ratings by Finec

Ratings Upstox MStock
Overall Rating 9.80 / 10 7.28 / 10
Customer Support 9.76 / 10 7.25 / 10
Technology 9.92 / 10 7.37 / 10
Charges 9.84 / 10 7.31 / 10
Products & Service 9.74 / 10 7.24 / 10
Experience 9.72 / 10 7.22 / 10

Compare Customer Support of Upstox and MStock

Customer Support Upstox MStock
Trading Support Available, Chargeable Available, Chargeable
Dedicated Dealer Available, Chargeable Available, Chargeable
Call Support 022-41792999 1800-2100-818
Email Support
Whatsapp Support NA NA
Website Support Website Link Website Link
Facebook Support Facebook Support Link Facebook Support Link
Twitter Support Twitter Support Link Twitter Support Link
Telegram Support Telegram Support Link NA
Branches / Offices NA NA

Comparison of Upstox & MStock Complaints

Complaints Upstox MStock
Total Complaints Lodged 299 113
Total Complaints Resolved 258 101
% of Resolved Complaints 86.29% 89.38%
Non Actionable Complaints 28 6
% of Non Actionable Complaints 9.36% 5.31%

Compare Demat Charges of Upstox vs MStock

Demat Charges Upstox MStock
Account Opening Charges Free Rs.149
Annual Maintenance Charges (AMC) Rs.150 per Year + GST Rs.999

Upstox vs MStock – Compare STT & CTT

STT & CTT Upstox MStock
Equity Delivery 0.1% on buy & sell 0.1% on buy & sell
Equity Intraday 0.025% on sell 0.025% on sell
Equity Future 0.0125% on sell 0.0125% on sell
Equity Option 0.0625% on sell (on premium) 0.0625% on sell (on premium)
Commodity Future 0.01% on sell (Non-Agri) 0.01% on sell (Non-Agri)
Commodity Option 0.05% on sell 0.05% on sell
Currency Future Nil Nil
Currency Option Nil Nil

Compare Stamp Duty of Upstox and MStock

Stamp Duty Upstox MStock
Equity Delivery 0.015% on buy 0.015% on buy
Equity Intraday 0.003% on buy 0.003% on buy
Equity Future 0.002% on buy 0.002% on buy
Equity Option 0.003% on buy 0.003% on buy
Commodity Future 0.002% on buy 0.002% on buy
Commodity Option 0.003% on buy 0.003% on buy
Currency Future 0.0001% on buy 0.0001% on buy
Currency Option 0.0001% on buy 0.0001% on buy

Upstox vs MStock – Transaction Charges

Transaction Charges Upstox MStock
Equity Delivery 0.00325% (NSE) & 0.00375% (BSE) 0.00325% (NSE) & 0.00375% (BSE)
Equity Intraday 0.00325% (NSE) & 0.00375% (BSE) 0.00325% (NSE) & 0.00375% (BSE)
Equity Future 0.0019% (NSE & BSE) 0.0019% (NSE & BSE)
Equity Option 0.05% (on premium) 0.05% (on premium)
Commodity Future 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special) NA
Commodity Option 0.05% (Non Agri) NA
Currency Future 0.0009% (NSE) & 0.00022% (BSE) 0.0009% (NSE)
Currency Option 0.035% (NSE) & 0.001% (BSE) 0.035% (NSE)

Compare Pledge Charges of Upstox & MStock

Pledge Charges Upstox MStock
Pledge Creation Charges Rs.50 per Request Rs.32 per Request
Pledge Invocation Charges Rs.50 per Request Rs.32 per Request
Interest on Margin Trading 0.048% per day 0.05% per day

Comparison of Upstox and MStock – Hidden Charge

Hidden Charge Upstox MStock
SEBI Turnover Charges Rs.10/ Crore (All Segment) Rs.10/ Crore (All Segment)
DP Charges Rs.18.5 per Scrip only on Sell Rs.12 per Scrip on Sell
GST 18% on (Brokerage + SEBI + Transaction charges) 18% on (Brokerage + SEBI + Transaction charges)
Account Closure Charges Free Nil
Reactivation Charges Free Nil
Dematerialisation Charges Rs.20 per Certificate Rs.150 per Certificate
Call & Trade Charges Rs.50 + 18% GST per Trade Free

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