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

Find a Comparison of Upstox 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 Upstox and M.stock.

Background

Year of Incorporation 2010 1985
Website https://upstox.com/ https://www.mstock.com/
Phone 022 - 41792999 1800 210 0818
Exchanges enabled NSE, BSE & MCX NSE, BSE, NFO, MCX & NCDEX
Demat (NSDL/CDSL) CDSL CDSL
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 16 Lakhs Rs 24.68 Crores
Profit after Tax FY12/13 Rs 24 lakhs Rs 40.99 Crores
Profit after Tax FY13/14 Rs 68 Lakhs Rs 39.19 Crores
Profit after Tax FY 14/15 Rs 71 Lakhs Rs 36.00 Crores
Profit after Tax FY 15/16 Rs 73 Lakhs Rs 25.83 Crores
Profit after Tax FY 16/17 Rs 77 Lakhs Rs 44.82 Crores
Profit after Tax FY 17/18 Rs 80 Lakhs Rs 43.61 Crores
Profit after Tax FY 18/19 Rs 86 Lakhs Rs 44.66 Crores
Profit after Tax FY 19/20 Rs 88 Lakhs Rs 44.66 Crores
Profit after Tax FY 20/21 Rs 92 Lakhs Rs 36.63 Crores
Profit after Tax FY 21/22 Rs 95 Lakhs Rs 32.87 Crores
Profit after Tax FY 22/23 Rs 97 Lakhs Rs 39.18 Crores
Debt FY11/12 0 Rs 70.61 Crores
Debt FY12/13 0 Rs 98.69 Crores
Debt FY13/14 Rs 1.38 Crores Rs 67.59 Crores
Debt FY14/15 Rs 1.77 Crores Rs 95.48 Crores
Debt FY15/16 Rs 2.13 Crores Rs 105.86 Crores
Debt FY16/17 Rs 2.44 Crores Rs 112.54 Crores
Debt FY17/18 Rs 2.87 Crores Rs 95.70 Crores
Debt FY18/19 Rs 3.11 Crores Rs 95.70 Crores
Debt FY19/20 Rs 3.56 Crores Rs 100.00 Crores
Debt FY20/21 Rs 3.91 Crores Rs 71.84 Crores
Debt FY21/22 Rs 4.18 Crores Rs 78.71 Crores
Debt FY22/23 Rs 4.40 Crores Rs 86.05 Crores
Profit to Equity(%) FY11/12 3.48 7.70
Profit to Equity(%) FY12/13 5.10 7.68
Profit to Equity(%) FY13/14 13.73 8.92
Profit to Equity(%) FY14/15 15.70 8.79
Profit to Equity(%) FY15/16 16.22 8.79
Profit to Equity(%) FY16/17 16.87 10.41
Profit to Equity(%) FY17/18 17.42 15.66
Profit to Equity(%) FY18/19 17.99 14.77
Profit to Equity(%) FY19/20 18.54 14.70
Profit to Equity(%) FY20/21 19.01 18.22
Profit to Equity(%) FY21/22 21.58 17.76
Profit to Equity(%) FY22/23 22.15 19.13
Balance Sheet Size FY11/12 Rs 6.23 Crores Rs 18.34 Crores
Balance Sheet Size FY12/13 Rs 15.10 Crores Rs 19.30 Crores
Balance Sheet Size FY13/14 Rs 27.97 Crores Rs 16.69 Crores
Balance Sheet Size FY14/15 Rs 28.78 Crores Rs 16.18 Crores
Balance Sheet Size FY15/16 Rs 29.94 Crores Rs 18.44 Crores
Balance Sheet Size FY16/17 Rs 30.25 Crores Rs 15.93 Crores
Balance Sheet Size FY17/18 Rs 31.87 Crores Rs 19.16 Crores
Balance Sheet Size FY18/19 Rs 32.55 Crores Rs 25.87 Crores
Balance Sheet Size FY19/20 Rs 33.90 Crores Rs 19.28 Crores
Balance Sheet Size FY20/21 Rs 34.52 Crores Rs 21.79 Crores
Balance Sheet Size FY21/22 Rs 35.55 Crores Rs 20.52 Crores
Balance Sheet Size FY22/23 Rs 36.10 Crores Rs 29.25 Crores
Brokerage

Equity Rs 20/executed order per intraday equity, Equity delivery free Equity Intraday 0.03% & Delivery 0.3%- Negotiable
Equity Futures Rs 20/executed order 0.03% of Turnover for Overnight & Intraday only one side- Negotiable
Equity Options Rs 20/executed order Rs 60/lot - Negotiable
Currency Futures Rs 20/executed order 0.03% of Turnover for Overnight & Intraday only one side - Negotiable
Currency Options Rs 20/executed order Rs 60/lot - Negotiable
Commodity Rs 20/executed order 0.03% Negotiable
Account Opening Costs

Trading only Rs 250 Zero
Trading & Demat Rs 460 Rs 420 for 1 year Rs 750 for 5 year Rs 1420 for Lifetime
Commodity Rs 250 Zero
Transparency & other costs

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

Equity 0.0035% on Turnover 0.00325% of Turnover
Futures 0.0021% on Turnover 0.0019% of Turnover
Options 0.059% on Premium Turnover 0.05% of Turnover
Commodities 0.0036% on Turnover NA
AMC charge Trading: 0, Rs 400/year for Demat Rs 300/Year
DP Transaction Charge Rs 22/debit transaction 17
Offline order placing Charge Rs 25/order placed on the phone Free
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 days 21 years
End of Day 10 years 21 years
Coding/Backtesting  
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 20 times for intraday, 0 for delivery Intraday upto 20 times & Delivery upto 5 times for interest
Equity Futures Upto 4 times for intraday Upto 5 times for intraday
Equity Options Buying no leverage, shorting upto 4 times for intraday No
Currency Futures Upto 4 times for intraday Upto 4 Times
Currency Options Buying no leverage, shorting upto 4 times for intraday No
Commodity Upto 3 times for intraday Upto 5 times
Support & Tools

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

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
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Frequently Asked Questions

Is Upstox better than M.stock ?

Upstox 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 Upstox ?

Upstox 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 Upstox cheaper than M.stock ?

Upstox 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 Upstox ?

Upstox 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 Upstox vs. M.stock ?

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