M.stock vs Nirmal Bang – Compare Charges, Trading Features, Offers & more

Find a Comparison of M.stock vs Nirmal Bang 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 M.stock and Nirmal Bang.

Background

Year of Incorporation 1985 1996
Website https://www.mstock.com/ https://www.nirmalbang.com/
Phone 1800-210-0818 022-3826 8600
Exchanges enabled NSE, BSE, NFO, MCX & NCDEX NSE, BSE, MCX-SX, MCX & NCDEX
Demat (NSDL/CDSL) CDSL NSDL
Brokerage

Equity Zero 0.02% for Intraday, 0.2% for Delivery
Equity Futures Zero 0.02% of Turnover
Equity Options Zero Rs 35/lot
Currency Futures Zero 0.02% of Turnover
Currency Options Zero Rs 20/lot
Commodity Not Available 0.01% of Turnover
Account Opening Costs

Trading only Rs 999 for Lifetime NA
Trading & Demat Rs 999 for Lifetime NIL
Commodity Not Available NIL
Transparency & other costs

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

Equity 0.00325% of Turnover 0.0039% of Turnover
Futures 0.0019% of Turnover 0.0024% of Turnover
Options 0.05% of Turnover 0.057% of Premium Turnover
Commodities Not Available 0.0025% of Turnover
AMC charge Rs 120 every quarter or Rs 999 Lifetime Rs 250/month
DP Transaction Charge Rs 18 per Transaction 0.03% with Rs 25 minimum per debit instruction
Offline order placing Charge Free NIL
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 5 Days 5 Days on ODIN
End of Day 5 years 5 Years on ODIN
Coding/Backtesting  
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 4x for Intraday & Upto 1x for Delivery Upto 10 times for Intraday, upto 4 times for Delivery @interest
Equity Futures Upto 1x for Intraday Upto 4 times Intraday
Equity Options Upto 1x Buying no Leverage, Shorting upto 2 times for Intraday
Currency Futures Upto 1x Upto 3 times Intraday
Currency Options Upto 1x Buying no Leverage, Shorting upto 2 times for Intraday
Commodity Not Available Upto 3times Intraday
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 24.68 Crores Rs 7.4 Crores
Profit after Tax FY12/13 Rs 30.99 Crores Rs 12.4 Crores
Profit after Tax FY13/14 Rs 39.19 Crores Rs 4.2 Crores
Profit after Tax FY 14/15 Rs 36.00 Crores Rs 2.37 Crores
Profit after Tax FY 15/16 Rs 45.83 Crores Rs 4.99 Crores
Profit after Tax FY 16/17 Rs 54.82 Crores Rs 5.73 Crores
Profit after Tax FY 17/18 Rs 63.61 Crores Rs 6.00 Crores
Profit after Tax FY 18/19 Rs 74.66 Crores Rs 7.69 Crores
Profit after Tax FY 19/20 Rs 89.85 Crores Rs 7.70 Crores
Profit after Tax FY 20/21 Rs 96.63 Crores Rs 9.18 Crores
Profit after Tax FY 21/22 Rs 102.87 Crores Rs 10.87 Crores
Profit after Tax FY 22/23 Rs 139.18 Crores Rs 10.53 Crores
Debt FY11/12 Rs 70.61 Crores Rs 26.11 Crores
Debt FY12/13 Rs 68.69 Crores Rs 24.88 Crores
Debt FY13/14 Rs 67.59 Crores Rs 29.63 Crores
Debt FY14/15 Rs 95.48 Crores Rs 28.17 Crores
Debt FY15/16 Rs 105.86 Crores Rs 23.31 Crores
Debt FY16/17 Rs 112.54 Crores Rs 23.31 Crores
Debt FY17/18 Rs 95.70 Crores Rs 24.77 Crores
Debt FY18/19 Rs 115.70 Crores Rs 31.61 Crores
Debt FY19/20 Rs 120.00 Crores Rs 31.61 Crores
Debt FY20/21 Rs 131.84 Crores Rs 32.85 Crores
Debt FY21/22 Rs 148.71 Crores Rs 35.53 Crores
Debt FY22/23 Rs 156.05 Crores Rs 35.53 Crores
Profit to Equity(%) FY11/12 7.70 8.54
Profit to Equity(%) FY12/13 7.68 7.63
Profit to Equity(%) FY13/14 8.92 11.44
Profit to Equity(%) FY14/15 8.79 11.54
Profit to Equity(%) FY15/16 8.79 11.15
Profit to Equity(%) FY16/17 10.41 10.77
Profit to Equity(%) FY17/18 15.66 13.53
Profit to Equity(%) FY18/19 14.77 13.53
Profit to Equity(%) FY19/20 14.70 14.08
Profit to Equity(%) FY20/21 18.22 16.72
Profit to Equity(%) FY21/22 17.76 19.10
Profit to Equity(%) FY22/23 19.13 19.10
Balance Sheet Size FY11/12 Rs 918.34 Crores Rs 86.6 Crores
Balance Sheet Size FY12/13 Rs 999.30 Crores Rs 93.5 Crores
Balance Sheet Size FY13/14 Rs 1076.69 Crores Rs 85.8 Crores
Balance Sheet Size FY14/15 Rs 1116.18 Crores Rs 67.96 Crores
Balance Sheet Size FY15/16 Rs 1238.44 Crores Rs 67.99 Crores
Balance Sheet Size FY16/17 Rs 1275.93 Crores Rs 57.95 Crores
Balance Sheet Size FY17/18 Rs 1948.16 Crores Rs 70.74 Crores
Balance Sheet Size FY18/19 Rs 2225.87 Crores Rs 74.82 Crores
Balance Sheet Size FY19/20 Rs 2419.28 Crores Rs 72.42 Crores
Balance Sheet Size FY20/21 Rs 2621.79 Crores Rs 91.92 Crores
Balance Sheet Size FY21/22 Rs 2820.52 Crores Rs 91.92 Crores
Balance Sheet Size FY22/23 Rs 3029.25 Crores Rs 92.02 Crores

Comparison Link:

Compare M.stock Compare Nirmal Bang
M.stock Vs Punch Trade Nirmal Bang Vs Punch Trade
M.stock Vs BlinkX Nirmal Bang Vs BlinkX
M.stock Vs Lemonn Nirmal Bang Vs Lemonn
M.stock Vs Mandot Securities Nirmal Bang Vs Mandot Securities
M.stock Vs HDFC Sky Nirmal Bang Vs HDFC Sky
M.stock Vs Dhan Nirmal Bang Vs Dhan
M.stock Vs Goodwill Wealth Nirmal Bang Vs Goodwill Wealth
M.stock Vs Shoonya by Finvasia Nirmal Bang Vs Shoonya by Finvasia
M.stock Vs NJ Wealth Nirmal Bang Vs NJ Wealth
M.stock Vs Paytm Money Nirmal Bang Vs Paytm Money
M.stock Vs Globe Capital Nirmal Bang Vs Globe Capital
M.stock Vs Finvasia Nirmal Bang Vs Finvasia
M.stock Vs Cholamandalam Securities Nirmal Bang Vs Cholamandalam Securities
M.stock Vs Canara Bank Nirmal Bang Vs Canara Bank
M.stock Vs Axis Direct Nirmal Bang Vs Axis Direct
M.stock Vs Alice Blue Nirmal Bang Vs Alice Blue
M.stock Vs 5Paisa Nirmal Bang Vs 5Paisa
M.stock Vs WisdomCapital Nirmal Bang Vs WisdomCapital
M.stock Vs Way2wealth Nirmal Bang Vs Way2wealth
M.stock Vs Ventura Securities Nirmal Bang Vs Ventura Securities
M.stock Vs Navia Markets Ltd Nirmal Bang Vs Navia Markets Ltd
M.stock Vs Tradejini Nirmal Bang Vs Tradejini
M.stock Vs Tata Securities Nirmal Bang Vs Tata Securities
M.stock Vs Swastika Investmart Nirmal Bang Vs Swastika Investmart
M.stock Vs SMC Global Nirmal Bang Vs SMC Global
M.stock Vs SBICAP Securities Nirmal Bang Vs SBICAP Securities
M.stock Vs SASOnline Nirmal Bang Vs SASOnline
M.stock Vs Samco securities Nirmal Bang Vs Samco securities
M.stock Vs RK Global Nirmal Bang Vs RK Global
M.stock Vs Reliance Securities Nirmal Bang Vs Reliance Securities
M.stock Vs Master Trust Capital Nirmal Bang Vs Master Trust Capital
M.stock Vs Kotak Securities Nirmal Bang Vs Kotak Securities
M.stock Vs Interactive Brokers Nirmal Bang Vs Interactive Brokers
M.stock Vs IIFL Securities Nirmal Bang Vs IIFL Securities
M.stock Vs Dhani Nirmal Bang Vs Dhani
M.stock Vs IDBI Capital Nirmal Bang Vs IDBI Capital
M.stock Vs HDFC Securities Nirmal Bang Vs HDFC Securities
M.stock Vs Geojit Nirmal Bang Vs Geojit
M.stock Vs Fyers Securities Nirmal Bang Vs Fyers Securities
M.stock Vs Edelweiss Capital Nirmal Bang Vs Edelweiss Capital
M.stock Vs Easytradez Nirmal Bang Vs Easytradez
M.stock Vs Rupeezy Nirmal Bang Vs Rupeezy
M.stock Vs Anand Rathi Nirmal Bang Vs Anand Rathi
M.stock Vs Aditya Birla Money Nirmal Bang Vs Aditya Birla Money
M.stock Vs Achiievers Nirmal Bang Vs Achiievers
M.stock Vs Angel One Nirmal Bang Vs Angel One
M.stock Vs Motilal Oswal Nirmal Bang Vs Motilal Oswal
M.stock Vs ICICI Direct Nirmal Bang Vs ICICI Direct
M.stock Vs Sharekhan Nirmal Bang Vs Sharekhan
M.stock Vs Groww Nirmal Bang Vs Groww
M.stock Vs Tradesmart Online Nirmal Bang Vs Tradesmart Online
M.stock Vs Upstox Nirmal Bang Vs Upstox
M.stock Vs Zerodha Nirmal Bang Vs Zerodha

Frequently Asked Questions

Is M.stock better than Nirmal Bang ?

M.stock and Nirmal Bang 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 Nirmal Bang better than M.stock ?

M.stock and Nirmal Bang 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 cheaper than Nirmal Bang ?

M.stock and Nirmal Bang 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 Nirmal Bang cheaper than M.stock ?

M.stock and Nirmal Bang 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 M.stock vs. Nirmal Bang ?

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