Axis Direct vs M.stock – Compare Charges, Trading Features, Offers & more

Find a Comparison of Axis Direct vs M.stock 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 Axis Direct and M.stock.

Background

Year of Incorporation 2006 1985
Website https://simplehai.axisdirect.in/ https://www.mstock.com/
Phone 022-40508080 1800-210-0818
Exchanges enabled BSE, NSE NSE, BSE, NFO, MCX & NCDEX
Demat (NSDL/CDSL) NSDL CDSL
Brokerage

Equity 0.50% Zero
Equity Futures 0.05% Zero
Equity Options Rs 0.01 per lot Zero
Currency Futures 0.05% Zero
Currency Options Rs 0.01 per lot Zero
Commodity Rs 50 per lot Not Available
Account Opening Costs

Trading only 0 Rs 999 for Lifetime
Trading & Demat Rs 900 Rs 999 for Lifetime
Commodity N/A Not Available
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity N/A 0.00325% of Turnover
Futures N/A 0.0019% of Turnover
Options N/A 0.05% of Turnover
Commodities N/A Not Available
AMC charge First Year: Rs. 350/- Second Year Onwards: Rs. 750/- Rs 120 every quarter or Rs 999 Lifetime
DP Transaction Charge N/A Rs 18 per Transaction
Offline order placing Charge N/A Free
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday Yes 5 Days
End of Day Yes 5 years
Coding/Backtesting  
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity N/A Upto 4x for Intraday & Upto 1x for Delivery
Equity Futures N/A Upto 1x for Intraday
Equity Options N/A Upto 1x
Currency Futures N/A Upto 1x
Currency Options N/A Upto 1x
Commodity N/A Not Available
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 4,242.21 Crores Rs 24.68 Crores
Profit after Tax FY12/13 5,179.43 Crores Rs 30.99 Crores
Profit after Tax FY13/14 6,217.67 Crores Rs 39.19 Crores
Profit after Tax FY 14/15 7,357.82 Crores Rs 36.00 Crores
Profit after Tax FY 15/16 8,223.66 Crores Rs 45.83 Crores
Profit after Tax FY 16/17 3,679.28 Crores Rs 54.82 Crores
Profit after Tax FY 17/18 275.68 Crores Rs 63.61 Crores
Profit after Tax FY 18/19 4,677 Crores Rs 74.66 Crores
Profit after Tax FY 19/20 2,898 Crores Rs 89.85 Crores
Profit after Tax FY 20/21 16,455 Crores Rs 96.63 Crores
Profit after Tax FY 21/22 22,913 Crores Rs 102.87 Crores
Profit after Tax FY 22/23 20,091 Crores Rs 139.18 Crores
Debt FY11/12 N/A Rs 70.61 Crores
Debt FY12/13 N/A Rs 68.69 Crores
Debt FY13/14 N/A Rs 67.59 Crores
Debt FY14/15 N/A Rs 95.48 Crores
Debt FY15/16 N/A Rs 105.86 Crores
Debt FY16/17 N/A Rs 112.54 Crores
Debt FY17/18 N/A Rs 95.70 Crores
Debt FY18/19 N/A Rs 115.70 Crores
Debt FY19/20 N/A Rs 120.00 Crores
Debt FY20/21 N/A Rs 131.84 Crores
Debt FY21/22 2,08,277.52 Rs 148.71 Crores
Debt FY22/23 N/A Rs 156.05 Crores
Profit to Equity(%) FY11/12 20.13% 7.70
Profit to Equity(%) FY12/13 21.22% 7.68
Profit to Equity(%) FY13/14 20.51% 8.92
Profit to Equity(%) FY14/15 18.23% 8.79
Profit to Equity(%) FY15/16 18.57% 8.79
Profit to Equity(%) FY16/17 17.49% 10.41
Profit to Equity(%) FY17/18 7.22% 15.66
Profit to Equity(%) FY18/19 0.53% 14.77
Profit to Equity(%) FY19/20 8.09% 14.70
Profit to Equity(%) FY20/21 2.34% 18.22
Profit to Equity(%) FY21/22 20.3% 17.76
Profit to Equity(%) FY22/23 19.17% 19.13
Balance Sheet Size FY11/12 285,627.79 Rs 918.34 Crores
Balance Sheet Size FY12/13 340,560.66 Rs 999.30 Crores
Balance Sheet Size FY13/14 383,244.89 Rs 1076.69 Crores
Balance Sheet Size FY14/15 461,932.39 Rs 1116.18 Crores
Balance Sheet Size FY15/16 525,467.62 Rs 1238.44 Crores
Balance Sheet Size FY16/17 601,467.67 Rs 1275.93 Crores
Balance Sheet Size FY17/18 691,329.58 Rs 1948.16 Crores
Balance Sheet Size FY18/19 800,997 Rs 2225.87 Crores
Balance Sheet Size FY19/20 915,165 Rs 2419.28 Crores
Balance Sheet Size FY20/21 986,798 Rs 2621.79 Crores
Balance Sheet Size FY21/22 1,175,178 Rs 2820.52 Crores
Balance Sheet Size FY22/23 1,317,326 Rs 3029.25 Crores

Comparison Link:

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Frequently Asked Questions

Is Axis Direct better than M.stock ?

Axis Direct and M.stock are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is M.stock better than Axis Direct ?

Axis Direct and M.stock are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Axis Direct cheaper than M.stock ?

Axis Direct and M.stock are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is M.stock cheaper than Axis Direct ?

Axis Direct and M.stock are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Axis Direct vs. M.stock ?

To find out the better of the two stockbrokers Axis Direct and M.stock, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.