FYERS Securities vs m.Stock

A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.

FYERS Securities
FYERS Securities
Discount Broker · since 2015
VS
m.Stock
Discount Broker · since 1985*
m.Stock

FYERS Securities vs m.Stock — quick verdict

Choose FYERS Securities if

You want low-cost, self-directed trading

Built for Those Who Are Born to Trade.

Choose m.Stock if

You want low-cost, self-directed trading

One Account. Zero Brokerage. Lifetime Investing.

Company overview

FYERS Securities is a discount broker incorporated in 2015; m.Stock is a discount broker incorporated in 1985*.

ParameterFYERS Securitiesm.Stock
Type of broker Discount Broker Discount Broker
Exchange membership NSE · BSE · MCX NSE · BSE · MCX
Year of incorporation 2015 1985* older
Number of branches 98+ 196+ wider
Active clients 10 Lakh+ 12 Lakh+ larger

Charges & AMC

Account-opening and maintenance charges for FYERS Securities and m.Stock compared side by side.

ParameterFYERS Securitiesm.Stock
Trading a/c opening ₹0 ₹0
Trading a/c AMC ₹0 ₹0
Demat a/c opening ₹0 ₹0
Demat a/c AMC ₹0 lower ₹999 + GST (One-time Lifetime AMC Plan)*
DP charges (per ISIN, sell) ₹12.5 + GST per ISIN on sell transactions lower ₹13.5 + GST per debit transaction

Brokerage charges

How FYERS Securities and m.Stock price each trading segment, per executed order.

ParameterFYERS Securitiesm.Stock
Equity Delivery ₹0 (Free) ₹0 (Zero Brokerage Plan)
Equity Intraday ₹20 or 0.03% per executed order (whichever is lower) ₹5 per executed order*
Equity Futures ₹20 or 0.03% per executed order (whichever is lower) ₹5 per executed order*
Equity Options ₹20 per executed order ₹5 per executed order*
Currency F&O ₹20 or 0.03% per executed order (whichever is lower) ₹5 per executed order*
Commodity F&O ₹20 or 0.03% per executed order (whichever is lower) ₹5 per executed order*
Call & Trade ₹50 per executed order ₹20 per executed order

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by FYERS Securities and m.Stock, per segment.

ParameterFYERS Securitiesm.Stock
Equity Delivery NSE: 0.00297% • BSE: 0.00375% NSE: 0.00297% • BSE: 0.00375%
Equity Intraday NSE: 0.00297% • BSE: 0.00375% NSE: 0.00297% • BSE: 0.00375%
Equity Futures NSE: 0.00173% NSE: 0.00173%
Equity Options NSE: 0.03503% (on premium) NSE: 0.03503% (on premium)
Currency Futures NSE: 0.00035% NSE: 0.00035%
Currency Options NSE: 0.03110% (on premium) NSE: 0.03110% (on premium)
Commodity Futures MCX: 0.00210% MCX: 0.00210%
Commodity Options MCX: 0.04180% (on premium) MCX: 0.04180% (on premium)

Demat & DP charges

Depository (demat) charges for FYERS Securities and m.Stock — AMC, debit transactions, pledging and remat.

ParameterFYERS Securitiesm.Stock
Demat Account Opening ₹0 ₹0
Annual Maintenance Charges (AMC) ₹0 ₹999 + GST (One-time Lifetime AMC Plan)
Debit Transaction Charges ₹12.5 + GST per ISIN on sell transactions ₹13.5 + GST per debit transaction
Pledge / Unpledge Charges ₹12.5 + GST per ISIN ₹20 + GST per request
Dematerialisation (Demat) ₹150 per certificate + GST ₹150 per certificate + GST
Rematerialisation (Remat) ₹150 per certificate + GST ₹150 per certificate + GST
Failed Transactions Nil Nil

Margin & leverage (MTF)

Intraday and delivery margin / leverage offered by FYERS Securities and m.Stock.

ParameterFYERS Securitiesm.Stock
Equity Delivery 100% of trade value (1x) 100% of trade value (1x)
Equity Intraday VAR + ELM Margin (Up to 5x*) VAR + ELM Margin (Up to 5x*)
Equity Futures SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (As per available margin)
Equity Options (Buy) Premium Value (Not Applicable) Premium Value (Not Applicable)
Equity Options (Sell) SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (As per available margin)
Currency Futures & Options SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (As per available margin)
Commodity Futures & Options SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (As per available margin)

Features & account

Account type and feature availability across FYERS Securities and m.Stock.

ParameterFYERS Securitiesm.Stock
3-in-1 account ✕ No ✕ No
Automated / API trading ✓ Yes ✓ Yes
Margin Trading (MTF) ✓ Yes ✓ Yes
Trading in SME shares ✕ No ✓ Yes better
Trading platforms FYERS Web, FYERS Mobile App, FYERS One m.Stock Web, m.Stock Mobile App, m.Stock Desktop
Intraday square-off 3:15 PM 3:15 PM
Other TradingView Charts, Free Trading API, Algo Trading, Option Chain, Basket Orders, Market Scanner, Advanced Charting, Price Alerts, eDIS, Margin Trading Facility (MTF) Option Chain, Advanced Charting, Basket Orders, API Trading, Algo Trading Support, Price Alerts, eDIS, Margin Trading Facility (MTF), Smart Watchlists

Trading platforms & apps

Trading terminals, web platforms and mobile apps offered by FYERS Securities and m.Stock.

ParameterFYERS Securitiesm.Stock
Trading platforms offered FYERS Web, FYERS Mobile App, FYERS One m.Stock Web, m.Stock Mobile App, m.Stock Desktop
Number of platforms 3 3
Platforms (summary) FYERS Web, FYERS Mobile App, FYERS One m.Stock Web, m.Stock Mobile App, m.Stock Desktop
Mobile / desktop apps Web, Mobile, Desktop Web, Mobile, Desktop

User ratings

User ratings for FYERS Securities and m.Stock across the key parameters.

Rated onFYERS Securitiesm.Stock
Fees 4.9 4.9
Brokerage 4.9 5 better
Trading platform 4.9 better 4.5
Customer service 4.4 better 4.3
Research 4.2 better 4.1
Overall 4.7 better 4.6

Investment options

Which investment products FYERS Securities and m.Stock let you access.

ParameterFYERS Securitiesm.Stock
Stocks / Equity ✓ Yes ✓ Yes
Commodity ✓ Yes ✓ Yes
IPO ✓ Yes ✓ Yes
Mutual Funds ✓ Yes ✓ Yes
Bonds / NCD ✓ Yes ✓ Yes

Order types offered

Advanced order types supported by FYERS Securities and m.Stock.

ParameterFYERS Securitiesm.Stock
Bracket Order ✕ No ✕ No
Cover Order ✕ No ✕ No
BTST ✓ Yes ✓ Yes
After Market (AMO) ✓ Yes ✓ Yes
GTC / GTT ✓ Yes ✓ Yes

Safety & credibility

SEBI registration, financial strength and complaint record for FYERS Securities and m.Stock.

ParameterFYERS Securitiesm.Stock
SEBI registration INZ000166137 INZ000163138
NSE member code 12768 13198
Year of incorporation 2015 1985* longer track record
Net worth ₹1,348+ Cr ₹2,611.66 Cr stronger
Exchange memberships NSE · BSE · MCX NSE · BSE · MCX
Latest complaint ratio 0.002% 0.002%

Complaints record

Exchange complaint data for FYERS Securities and m.Stock — the ratio matters more than the raw count.

ParameterFYERS Securitiesm.Stock
Latest financial year 2025–26 2025–26
Exchange NSE NSE
Active clients 10,87,436 12,18,457 larger base
Complaints filed — 19
Complaint ratio 0.002% 0.002%

Pros & cons

The main advantages and drawbacks of each broker.

FYERS Securities

▲ Pros

  • ✓ Zero brokerage on Equity Delivery.
  • ✓ TradingView-powered advanced charting.
  • ✓ Free API access for algorithmic trading.
  • ✓ Supports stocks, F&O, commodities, currencies, IPOs, mutual funds, and ETFs.
  • ✓ Fully digital and paperless account opening.
  • ✓ Powerful web and mobile trading platforms with advanced order types.

▼ Cons

  • ✕ No physical branch network comparable to full-service brokers.
  • ✕ Research and advisory services are limited.
  • ✕ Call & Trade service is chargeable.
  • ✕ Margin availability depends on SEBI peak margin regulations.
  • ✕ Beginners may find the advanced trading interface slightly complex.
m.Stock

▲ Pros

  • ✓ Zero brokerage plans available for eligible customers.
  • ✓ Low-cost trading across multiple segments.
  • ✓ Backed by the globally recognized Mirae Asset Financial Group.
  • ✓ Supports stocks, F&O, commodities, IPOs, mutual funds, ETFs, and bonds.
  • ✓ Margin Trading Facility (MTF) and advanced trading platforms available.
  • ✓ Fully digital and paperless account opening.

▼ Cons

  • ✕ Research offerings are comparatively limited versus full-service brokers.
  • ✕ Call & Trade service is chargeable.
  • ✕ Some pricing benefits are available only under specific subscription plans.
  • ✕ Physical branch presence is smaller than traditional full-service brokers.
  • ✕ Advanced advisory services are limited compared to research-focused brokers.
Open FYERS Securities Account Open m.Stock Account

Explore more comparisons

Compare FYERS Securities with

FYERS Securities vs Zerodha FYERS Securities vs Angel One FYERS Securities vs Upstox FYERS Securities vs Groww FYERS Securities vs ICICI Direct FYERS Securities vs Kotak Neo FYERS Securities vs HDFC Securities FYERS Securities vs SBI Securities FYERS Securities vs Motilal Oswal FYERS Securities vs Paytm Money FYERS Securities vs Mirae Asset Sharekhan FYERS Securities vs Axis Direct FYERS Securities vs 5paisa FYERS Securities vs Choice Broking FYERS Securities vs Sahi FYERS Securities vs SMC Global FYERS Securities vs Anand Rathi FYERS Securities vs Jainam Broking Limited

Compare m.Stock with

m.Stock vs Zerodha m.Stock vs Angel One m.Stock vs Upstox m.Stock vs Groww m.Stock vs ICICI Direct m.Stock vs Kotak Neo m.Stock vs HDFC Securities m.Stock vs SBI Securities m.Stock vs Motilal Oswal m.Stock vs Paytm Money m.Stock vs Mirae Asset Sharekhan m.Stock vs Axis Direct m.Stock vs 5paisa m.Stock vs Choice Broking m.Stock vs Sahi m.Stock vs SMC Global m.Stock vs Anand Rathi m.Stock vs Jainam Broking Limited
Disclaimer: Investments in the securities market are subject to market risks; read all related documents carefully before investing. This page is for information only and is not investment advice. Brokerage, AMC and other charges change frequently — always verify against the broker's official website before opening an account. Affiliate disclosure: "Open account" links are affiliate links and we may earn a commission at no extra cost to you; this does not influence our ratings.