Interactive Brokers vs m.Stock – Compare Charges, Trading Features, Offers & more

Find a Comparison of Interactive Brokers 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 Interactive Brokers and m.Stock.

Background

Year of Incorporation 1977 2022
Website https://www.interactivebrokers.co.in/en/home.php https://www.mstock.com/
Phone +91 22-61289888 1800-2100-818
Exchanges enabled NSE (plus over 100 market centers across 24 countries). NSE, BSE
Demat (NSDL/CDSL) NSDL CDSL
Brokerage

Equity 0.05% per Executed Order Rs 0 for Delivery
Equity Futures 0.01% per Executed Order Rs 5 per Order
Equity Options Rs 25 per lot per Rs 5 per Order
Currency Futures 0.01% per Executed Order Rs 5 per Order
Currency Options 0.01% per Executed Order Rs 5 per Order
Commodity Rs 50 per lot per Not Available
Account Opening Costs

Trading only Rs 0 Free
Trading & Demat Rs 400 Rs 0
Commodity Not Available Not Available
Transparency & other costs

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

Equity 0.00325% NSE: 0.00297% | BSE: 0.00375%
Futures 0.0019 % NSE: 0.00173% | BSE: 0
Options 0.05% NSE: 0.03503% (on premium) | BSE: 0.0325% (on premium)
Commodities Not available Not Available
AMC charge NIL Rs 0
DP Transaction Charge NIL Rs 18 per debit transaction + GST
Offline order placing Charge Rs 1500 per order Free
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 Days 5 Years
End of Day 1 Year BSE: 2002 onwards NSE: 2004 onwards
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity 2x intraday and overnight leverage Up to 4x intraday (25%)& up to 5x MTF (20%)
Equity Futures Upto 2x for Intraday Up to 1x (100% (SPAN + Exposure) margin)
Equity Options Buying 0 & Shorting upto 2x for Intraday Buying no leverage, Shorting 1x (100% (SPAN + Exposure) margin
Currency Futures Upto 2x for Intraday Not Available
Currency Options Buying 0 & Shorting upto 2x for Intraday Not Available
Commodity Not Available 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 Rs 54.1 Crores N/A
Profit after Tax FY12/13 Rs 63.01 Crores N/A
Profit after Tax FY13/14 Rs 64.75 Crores N/A
Profit after Tax FY 14/15 Rs 74.30 Crores N/A
Profit after Tax FY 15/16 Rs 89.41 Crores N/A
Profit after Tax FY 16/17 Rs 79.38 Crores N/A
Profit after Tax FY 17/18 Rs 79.67 Crores N/A
Profit after Tax FY 18/19 Rs 93.62 Crores N/A
Profit after Tax FY 19/20 Rs 89.06 Crores N/A
Profit after Tax FY 20/21 Rs 99.53 Crores N/A
Profit after Tax FY 21/22 Rs 85.24 Crores N/A
Profit after Tax FY 22/23 Rs 78.27 Crores N/A
Debt FY11/12 Rs 17.67 Crores N/A
Debt FY12/13 Rs 13.43 Crores N/A
Debt FY13/14 Rs 21.88 Crores N/A
Debt FY14/15 Rs 21.05 Crores N/A
Debt FY15/16 Rs 23.05 Crores N/A
Debt FY16/17 Rs 22.53 Crores N/A
Debt FY17/18 Rs 22.09 Crores N/A
Debt FY18/19 Rs 23.67 Crores N/A
Debt FY19/20 Rs 21.41 Crores N/A
Debt FY20/21 Rs 24.02 Crores N/A
Debt FY21/22 Rs 27.09 Crores N/A
Debt FY22/23 Rs 21.78 Crores N/A
Profit to Equity(%) FY11/12 14.94% N/A
Profit to Equity(%) FY12/13 7.29% N/A
Profit to Equity(%) FY13/14 9.71% N/A
Profit to Equity(%) FY14/15 9.01% N/A
Profit to Equity(%) FY15/16 9.64% N/A
Profit to Equity(%) FY16/17 10.04% N/A
Profit to Equity(%) FY17/18 10.14% N/A
Profit to Equity(%) FY18/19 11.34% N/A
Profit to Equity(%) FY19/20 13.24% N/A
Profit to Equity(%) FY20/21 12.52% N/A
Profit to Equity(%) FY21/22 17.85% N/A
Profit to Equity(%) FY22/23 14.56% N/A
Balance Sheet Size FY11/12 Rs 908 Crores N/A
Balance Sheet Size FY12/13 Rs 977 Crores N/A
Balance Sheet Size FY13/14 Rs 990.08 Crores N/A
Balance Sheet Size FY14/15 Rs 1058.51 Crores N/A
Balance Sheet Size FY15/16 Rs 1071.18 Crores N/A
Balance Sheet Size FY16/17 Rs 1098.72 Crores N/A
Balance Sheet Size FY17/18 Rs 1110.91 Crores N/A
Balance Sheet Size FY18/19 Rs 1195.94 Crores N/A
Balance Sheet Size FY19/20 Rs 1293.62 Crores N/A
Balance Sheet Size FY20/21 Rs 1369.20 Crores N/A
Balance Sheet Size FY21/22 Rs 1491.66 Crores N/A
Balance Sheet Size FY22/23 Rs 1627.43 Crores N/A

Comparison Link:

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Interactive Brokers Vs Easytradez m.Stock Vs Easytradez
Interactive Brokers Vs Rupeezy m.Stock Vs Rupeezy
Interactive Brokers Vs Anand Rathi m.Stock Vs Anand Rathi
Interactive Brokers Vs Aditya Birla Money m.Stock Vs Aditya Birla Money
Interactive Brokers Vs Achiievers m.Stock Vs Achiievers
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Interactive Brokers Vs ICICI Direct m.Stock Vs ICICI Direct
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Interactive Brokers Vs Groww m.Stock Vs Groww
Interactive Brokers Vs Tradesmart Online m.Stock Vs Tradesmart Online
Interactive Brokers Vs Upstox m.Stock Vs Upstox
Interactive Brokers Vs Zerodha m.Stock Vs Zerodha

Frequently Asked Questions

Which is better, Interactive Brokers or m.Stock?

Interactive Brokers Securities and m.Stock are both discount broker companies. Thus, to determine which is a better stockbroker, we need to examine details such as brokerage charges, account opening fees, trading platforms, and more.

Do Interactive Brokers and m.Stock offer mobile trading apps?

Yes, both Interactive Brokers Securities and m.Stock provide mobile trading apps for better user interface and seamless trading experience.

What are the account opening charges for m.Stock and Interactive Brokers?

The account opening charges by brokers Interactive Brokers and m.Stock for both trading and demat are zero. Charges may vary, kindly read the above comparison.

Which broker has a better reputation for reliability?

Both Interactive Brokers and m.Stock are SEBI-registered brokers with good reputations. Interactive Brokers is known for its trading platforms, while m.Stock is praised for cost-effective pricing.

Do both brokers provide margin trading facilities?

Yes, both Interactive Brokers and m.Stock offer margin trading facilities. However, terms, interest rates, and leverage limits vary, so reviewing their policies is essential.