mStock Vs Definedge Securities
mStock
mStock Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Definedge Securities
mStock Vs Definedge Securities - Broker Details
| mStock | Definedge Securities | |
|---|---|---|
| Single Margin Facility |
|
|
| Year of Incorporation | 2022 | 2015 |
| Exchanges | NSE, BSE and MCX | NSE, BSE, MCX and NCDEX. |
| Branches | N/A | 270 |
| Brokerage | ₹0 | ₹18 per executed order |
| Broker Type | Discount Broker | Discount Broker |
| Call Back Open Account |
mStock Vs Definedge Securities - Account Opening & AMC Charges
| mStock | Definedge Securities | |
|---|---|---|
| Trading Account Opening Charge | ₹149 or ₹999 | ₹180 |
| Demat Account Opening Charge | ₹149 or ₹999 | ₹0 (Free) |
| Demat Account AMC | ₹149 or ₹999 ₹149 or ₹999 + ₹999 (One time AMC) | ₹300 |
| Trading Account AMC | ₹149 or ₹999 + ₹999 (One time AMC) | ₹300 AMC |
| Call Back Open Account |
mStock Vs Definedge Securities - Brokerage charges & Plans
| mStock | Definedge Securities | |
|---|---|---|
| Commodity Futures | ₹0 | 0.03% or ₹18 per executed order whichever is lower |
| Currency Futures | ₹0 | 0.03% or ₹18 per executed order whichever is lower |
| Equity Delivery | ₹0 | ₹0 (Free) |
| Equity Options | ₹0 | ₹18 per executed order |
| Commodity Options | ₹0 | ₹18 per executed order |
| Equity Futures | ₹0 | 0.03% or ₹18 per executed order whichever is lower |
| Currency Options | ₹0 | ₹18 per executed order |
| Fixed Charges | ₹0 | ₹18 per executed order |
| Equity Intraday | ₹0 | 0.03% or ₹ 18 per executed order whichever is lower |
| Call Back Open Account |
mStock Vs Definedge Securities - Other Charges
| mStock | Definedge Securities | |
|---|---|---|
| RMS Square Off Charge | ₹0 (Free) | ₹0 (Free) |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | ₹0 (Free) | ₹36/- per order |
| Other Brokerage Charges | ₹0 (Free) | ₹18 per executed order |
| Minimum Brokerage | ₹0 (Free) | ₹18 per executed order |
| Call Back Open Account |
mStock Vs Definedge Securities - Transaction Charges
| mStock | Definedge Securities | |
|---|---|---|
| Currency Options | NSE: Exchange txn charge: 0.035% | NSE ₹4220/ Cr (0.04220%) | MCX ₹3220/ Cr (0.03220%) (on premium) |
| Equity Futures | NSE: 0.0019% | NSE ₹190 per Cr (0.0019%)| BSE ₹50 per Cr (0.00035) each side |
| Equity Intraday | BSE: 0.00375% | NSE: 0.00325% | NSE ₹325/ Cr (0.00325%) | BSE ₹275/ Cr (0.00275%) (each side) |
| Equity Options | NSE: 0.050% | NSE ₹5000/ Cr (0.05%) | BSE ₹50/ Cr (0.0005%) (on premium) |
| Commodity | Non-Agri ₹360/Cr (0.0036%) | Agri ₹275/Cr (0.00275%) | MCX (Non-Agri) ₹230/ Cr (0.0023%) | MCX (Agri) ₹95/ Cr (0.00095%) |
| Currency Futures | NSE: Exchange txn charge: 0.0009% | NSE ₹135/ Cr (0.00135%) | MCX ₹130/ Cr (0.00130%) |
| Equity Delivery | BSE: 0.00375% | NSE: 0.00325% | NSE ₹325/ Cr (0.00325%) | BSE ₹275/Cr (0.00275%) (each side) |
| Call Back Open Account |
mStock Vs Definedge Securities - Margin (Exposure)
| mStock | Definedge Securities | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Call Back Open Account |
mStock Vs Definedge Securities - Features
| mStock | Definedge Securities | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
|
| Intraday Square-off Time | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM | Equity & F&O:- 3:15pm | Currency:- 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | 1. Mstock Mobile App, 2. Mstock Web Portal | 1. Zone Web, 2. Zone Mobile, 3. Tradepoint Software |
| SMS Alerts for Trades |
|
|
| Direct Mutual Fund |
|
|
| Call Back Open Account |
mStock Vs Definedge Securities - Review & Rating
| mStock | Definedge Securities | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account |
mStock Vs Definedge Securities - Request a call back from Broker
| mStock | Definedge Securities | |
|---|---|---|
| Call Back Open Account |
mStock Vs Definedge Securities - Investment Options
| mStock | Definedge Securities | |
|---|---|---|
| Currency |
|
|
| IPO |
|
|
| Commodity |
|
|
| Debt |
|
|
| Other Options |
|
|
| Stock Cash / Equity |
|
|
| Mutual Funds |
|
|
| Bond / NCD |
|
|
| Call Back Open Account |
mStock Vs Definedge Securities - Order Type
| mStock | Definedge Securities | |
|---|---|---|
| Bracket Order/BO/OCO |
|
|
| BTST |
|
|
| Cover Order/CO |
|
|
| Good Till Cancelled (GTC) |
|
|
| BUY ABOVE/SELL BELOW (SL-M) |
|
|
| After Market Order(AMO) |
|
|
| STBT |
|
|
| Call Back Open Account |
mStock Vs Definedge Securities - Research & Report
| mStock | Definedge Securities | |
|---|---|---|
| Free Tips |
|
|
| Quarterly Result Analysis |
|
|
| Daily Market Report |
|
|
| News Alerts |
|
|
| Call Back Open Account |
mStock Vs Definedge Securities - Daily Market Report
| mStock | Definedge Securities | |
|---|---|---|
| Daily Market Reports & News |
|
|
| Call Back Open Account |
mStock Vs Definedge Securities - Suitable For Investor
| mStock | Definedge Securities | |
|---|---|---|
| Casual Investor |
|
|
| Active Investor |
|
|
| Trader |
|
|
| Call Back Open Account |
mStock Vs Definedge Securities - Pros & Cons
| mStock | Definedge Securities | |
|---|---|---|
| Pros | 1.It charges 0 brokerage. 2.Real-time market data and analysis tools. 3.It provides education facility to its customers. 4.It avails its customers with refer and earn program. 5.The customers can apply for an IPO directly from the mstock Account. 6. Market and historical data available. | 1. Well-established brokerage firm, 2. Diverse range of financial products, 3. Advanced trading platforms. 4. Experienced team of professionals, 5. Strong research and analysis support. |
| Cons | 1.Non availability of 3-in-1 account 2.Limited trading tools and advanced features. 3.Compared to other discount brokers exchange transaction charges are also very high. 4.Higher minimum deposit requirements. 5.The call and trade are present at an additional fee. | 1. Possible high fees or commissions, 2. Customer service quality might vary, 3. Limited physical branch presence, 4. May not cater to all types of investors.5. Platform complexity for beginners. |
| Call Back Open Account |
mStock Vs Definedge Securities - Background
| mStock | Definedge Securities | |
|---|---|---|
| Call Back Open Account |
mStock Vs Definedge Securities - Compare All Brokers
| mStock | Definedge Securities | |
|---|---|---|
| Call Back Open Account |
mStock Vs Definedge Securities - STT/CTT
| mStock | Definedge Securities | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on the sell side | 0.025% on the sell Side |
| Equity Options | 0.05% on Sell Side(on Premium) | 0.05% on sell Side |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both Buy and Sell | 0.1% on both buy and sell |
| Equity Futures | 0.0125% on sell side | 0.01% on sell Side |
| Commodity Options | 0.05% on sell side | 0.05% on sell side |
| Call Back Open Account |
mStock Vs Definedge Securities - Demat transaction charges
| mStock | Definedge Securities | |
|---|---|---|
| Equity Demat Transaction Charges | ₹12 + Gst per scrip only on sell | ₹0 (Free) |
| Call Back Open Account |
mStock Vs Definedge Securities - GST
| mStock | Definedge Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (brokerage + transaction charges + SEBI charges) | 18% (on brokerage + transaction charges) |
| Call Back Open Account |
mStock Vs Definedge Securities - SEBI Charges
| mStock | Definedge Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10 / crore | ₹10/ Crore |
| Call Back Open Account |
mStock Vs Definedge Securities - Account Opening & AMC Charges
mStock
Definedge Securities
Trading Account Opening Charge
₹149 or ₹999
₹180
Demat Account Opening Charge
₹149 or ₹999
₹0 (Free)
Demat Account AMC
₹149 or ₹999 ₹149 or ₹999 + ₹999 (One time AMC)
₹300
Trading Account AMC
₹149 or ₹999 + ₹999 (One time AMC)
₹300 AMC
mStock Vs Definedge Securities
| mStock | Definedge Securities | |
|---|---|---|
mStock Review 2024mStock .. |
Definedge Securities Review | Account Charges, Brokerage, and Trading Platforms |
|
|
|
|
|
Definedge Securities
mStock Vs Definedge Securities - Brokerage charges & Plans
| mStock | Definedge Securities | |
|---|---|---|
| Commodity Futures | ₹0 | 0.03% or ₹18 per executed order whichever is lower |
| Currency Futures | ₹0 | 0.03% or ₹18 per executed order whichever is lower |
| Equity Delivery | ₹0 | ₹0 (Free) |
| Equity Options | ₹0 | ₹18 per executed order |
| Commodity Options | ₹0 | ₹18 per executed order |
| Equity Futures | ₹0 | 0.03% or ₹18 per executed order whichever is lower |
| Currency Options | ₹0 | ₹18 per executed order |
| Fixed Charges | ₹0 | ₹18 per executed order |
| Equity Intraday | ₹0 | 0.03% or ₹ 18 per executed order whichever is lower |
| Call Back Open Account |
mStock Vs Definedge Securities - Margin (Exposure)
| mStock | Definedge Securities | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Call Back Open Account |
mStock Vs Definedge Securities - Other Charges
| mStock | Definedge Securities | |
|---|---|---|
| RMS Square Off Charge | ₹0 (Free) | ₹0 (Free) |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | ₹0 (Free) | ₹36/- per order |
| Other Brokerage Charges | ₹0 (Free) | ₹18 per executed order |
| Minimum Brokerage | ₹0 (Free) | ₹18 per executed order |
| Call Back Open Account |
mStock Vs Definedge Securities - STT/CTT
| mStock | Definedge Securities | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on the sell side | 0.025% on the sell Side |
| Equity Options | 0.05% on Sell Side(on Premium) | 0.05% on sell Side |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both Buy and Sell | 0.1% on both buy and sell |
| Equity Futures | 0.0125% on sell side | 0.01% on sell Side |
| Commodity Options | 0.05% on sell side | 0.05% on sell side |
| Call Back Open Account |
mStock Vs Definedge Securities - Demat transaction charges
| mStock | Definedge Securities | |
|---|---|---|
| Equity Demat Transaction Charges | ₹12 + Gst per scrip only on sell | ₹0 (Free) |
| Call Back Open Account |
mStock Vs Definedge Securities - GST
| mStock | Definedge Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (brokerage + transaction charges + SEBI charges) | 18% (on brokerage + transaction charges) |
| Call Back Open Account |
mStock Vs Definedge Securities - SEBI Charges
| mStock | Definedge Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10 / crore | ₹10/ Crore |
| Call Back Open Account |
mStock Vs Definedge Securities - Features
| mStock | Definedge Securities | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
|
| Intraday Square-off Time | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM | Equity & F&O:- 3:15pm | Currency:- 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | 1. Mstock Mobile App, 2. Mstock Web Portal | 1. Zone Web, 2. Zone Mobile, 3. Tradepoint Software |
| SMS Alerts for Trades |
|
|
| Direct Mutual Fund |
|
|
| Call Back Open Account |