m.Stock vs Upstox vs Groww

Groww is a popular, SEBI registered investment adviser. All personal information entered on the platform is stored using 256-bit encryption. Also, all transactions are done through Asset management companies (AMCs) for mutual funds & Bombay Stock Exchange (BSE) for stocks, which means that at no stage does your money reach the company itself.

The Demat account and trading account opening charges with Groww are free. The annual maintenance charge is also free. Additionally, there is no margin money requirement. 

Groww charges an Rs.20 per order or 0.05% whichever is low for Equity Delivery, Equity Intraday, Equity Futures, Equity Options. Commodity & Currency trading is presently not available with Groww.

Groww is a discount broker which is aimed at providing modern online-based financial solutions to its clients at a minimal cost.

Upstox account is a 2-in-1 account. It is a combination of a trading and a demat account. The trading account gives you access to stock exchanges like NSE, BSE and MCX etc. And the demat account is used to hold securities like stocks, mutual funds etc.

The upstox account allows investors to trade in stocks, equity derivatives, currency and commodities. It also offers online mutual fund investment in a lump sum or SIP way.

You can open the Upstox account in 2 easy ways:

1.      Upstox Online Account Opening

• Click on to open an account

•  Enter your Email Address and Mobile Number.

•  Fill in your personal details and bank details.

• Review, confirm and submit the application.

2.      Upstox Offline Account Opening

•  Visit Upstox website, Go to 'Support'

• Click 'Download Forms'

• Click 'Demat & Trading Account'

• Print the form

• Fill and sign the form.

• Attach all the required documents.

• Courier the filled form to Upstox registered office. 

Upstox offers brokerage free equity delivery trading. For all other segments, it charges flat Rs. 20 or 0.01% per executed order. Also, customers have to pay government taxes, exchange turnover charges, demat debit transaction fees etc. Click the link to know more about Upstox brokerage charges.

Three things make m.Stock a great trading platform: 

• Their ‘zero brokerage across products for life’ proposition can help you save lakhs in brokerage, especially if you trade on a regular basis 
• Their app, which has 4+ star rating has great trading tools and features 
• m.Stock is a brand from the house of Mirae Asset, a global investment powerhouse. As a group, they have AUM of more than $600 billion, spread across 15+ international markets.  
   

Trading is free for life with m.Stock across all products like intraday, delivery, futures and options, currency, Margin Trading Facility (eMargin), mutual funds, IPOs, ETFs etc. under the Zero Brokerage plan. 

If you opt for the ?149 plan, trading in delivery, mutual funds, IPOs and ETFs is free. For trading in intraday, futures & options, and currency, a flat brokerage of ?20 per order is payable. 

While m.Stock is categorised as a discount broker, they are different from regular discount brokers since they charge zero brokerage across products for life. This is in contrast to the ?20 brokerage charged by regular discount brokers.