HDFC Securities vs m.Stock

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

HDFC Securities
HDFC Securities
Full-Service Broker · since 2000
VS
m.Stock
Discount Broker · since 1985*
m.Stock

HDFC Securities vs m.Stock — quick verdict

Choose HDFC Securities if

You want research and offline support

Invest Right. Invest Now.

Choose m.Stock if

You want low-cost, self-directed trading

One Account. Zero Brokerage. Lifetime Investing.

Company overview

HDFC Securities is a full-service broker incorporated in 2000; m.Stock is a discount broker incorporated in 1985*.

ParameterHDFC Securitiesm.Stock
Type of broker Full-Service Broker Discount Broker
Exchange membership NSE · BSE · MCX NSE · BSE · MCX
Year of incorporation 2000 1985* older
Number of branches 200+ wider 196+
Active clients ~14.6 Lakh larger 12 Lakh+

Charges & AMC

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

ParameterHDFC Securitiesm.Stock
Trading a/c opening ₹999 + GST ₹0
Trading a/c AMC ₹0 (Free) ₹0
Demat a/c opening ₹0 (Free) ₹0
Demat a/c AMC ₹750 per year* lower ₹999 + GST (One-time Lifetime AMC Plan)*
DP charges (per ISIN, sell) ₹18.50 + GST per debit transaction ₹13.5 + GST per debit transaction lower

Brokerage charges

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

ParameterHDFC Securitiesm.Stock
Equity Delivery 0.10% ₹0 (Zero Brokerage Plan)
Equity Intraday 0.03% ₹5 per executed order*
Equity Futures ₹20 per executed order or 0.03% (whichever is lower) ₹5 per executed order*
Equity Options ₹20 per executed order ₹5 per executed order*
Currency F&O ₹20 per executed order ₹5 per executed order*
Commodity F&O ₹20 per executed order ₹5 per executed order*
Call & Trade ₹20 per executed order ₹20 per executed order

Transaction charges (exchange turnover)

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

ParameterHDFC Securitiesm.Stock
Equity Delivery NSE ₹297 per Cr (0.00297%) | BSE ₹297 per Cr (0.00297%) NSE: 0.00297% • BSE: 0.00375%
Equity Intraday NSE ₹297 per Cr (0.00297%) | BSE ₹297 per Cr (0.00297%) NSE: 0.00297% • BSE: 0.00375%
Equity Futures NSE ₹173 per Cr (0.00173%) | BSE ₹173 per Cr (0.00173%) NSE: 0.00173%
Equity Options NSE ₹3,503 per Cr (0.03503%) | BSE ₹3,250 per Cr (0.0325%) NSE: 0.03503% (on premium)
Currency Futures NSE ₹35 per Cr (0.00035%) | BSE ₹35 per Cr (0.00035%) NSE: 0.00035%
Currency Options NSE ₹3,100 per Cr (0.0311%) | BSE ₹1,000 per Cr (0.01%) NSE: 0.03110% (on premium)
Commodity Futures MCX ₹260 per Cr (0.00260%) MCX: 0.00210%
Commodity Options MCX ₹5,000 per Cr (0.05%) MCX: 0.04180% (on premium)

Demat & DP charges

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

ParameterHDFC Securitiesm.Stock
Demat Account Opening ₹0 (Free) ₹0
Transaction Charges (Sell) ₹18.50 + GST per debit transaction —
Annual Maintenance Charges (AMC) ₹750 per year* ₹999 + GST (One-time Lifetime AMC Plan)
Pledge Creation / Invocation ₹25 + GST per request —
Remat ₹25 per certificate + applicable charges —
Failed Transactions Nil Nil
Debit Transaction Charges — ₹13.5 + GST per debit transaction
Pledge / Unpledge Charges — ₹20 + GST per request
Dematerialisation (Demat) — ₹150 per certificate + GST
Rematerialisation (Remat) — ₹150 per certificate + GST

Margin & leverage (MTF)

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

ParameterHDFC Securitiesm.Stock
Equity Delivery 100% of trade value (1x) 100% of trade value (1x)
Equity Intraday As per SEBI peak margin norms (Up to 5x) VAR + ELM Margin (Up to 5x*)
F&O (Eq/Curr/Comm) SPAN + Exposure Margin (1x) SPAN + Exposure Margin (As per available margin)
Equity Options (Buy) — Premium Value (Not Applicable)
Equity Options (Sell) — SPAN + Exposure Margin (As per available margin)
Currency Futures & Options — SPAN + Exposure Margin (As per available margin)
Commodity Futures & Options — SPAN + Exposure Margin (As per available margin)

Features & account

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

ParameterHDFC Securitiesm.Stock
3-in-1 account ✓ Yes better ✕ No
Automated / API trading ✕ No ✓ Yes better
Margin Trading (MTF) ✓ Yes ✓ Yes
Trading in SME shares ✓ Yes ✓ Yes
Trading platforms HDFC SKY, HDFC Securities Mobile App, ProTerminal, InvestRight m.Stock Web, m.Stock Mobile App, m.Stock Desktop
Intraday square-off 3:15 PM 3:15 PM
Other 3-in-1 account, MTF, research reports, IPO investment, basket orders, option chain, mutual funds, ETFs and bonds. 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 HDFC Securities and m.Stock.

ParameterHDFC Securitiesm.Stock
Trading platforms offered HDFC SKY, HDFC Securities Mobile App, ProTerminal, InvestRight m.Stock Web, m.Stock Mobile App, m.Stock Desktop
Number of platforms 4 more choice 3
Platforms (summary) HDFC SKY, HDFC Securities Mobile App, ProTerminal, InvestRight m.Stock Web, m.Stock Mobile App, m.Stock Desktop
Mobile / desktop apps Web + Mobile, Mobile, Desktop, Web Web, Mobile, Desktop

User ratings

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

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

Investment options

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

ParameterHDFC 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 HDFC Securities and m.Stock.

ParameterHDFC 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 HDFC Securities and m.Stock.

ParameterHDFC Securitiesm.Stock
SEBI registration INZ000186937 INZ000163138
NSE member code 06586 13198
Year of incorporation 2000 1985* longer track record
Net worth ₹3,300+ Crore stronger ₹2,611.66 Cr
Exchange memberships NSE · BSE · MCX NSE · BSE · MCX
Latest complaint ratio 0.175% 0.002% fewer complaints

Complaints record

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

ParameterHDFC Securitiesm.Stock
Latest financial year 2025-26 2025–26
Exchange NSE NSE
Active clients 15,39,103 larger base 12,18,457
Complaints filed 2,690 19
Complaint ratio 0.175% 0.002% fewer complaints

Pros & cons

The main advantages and drawbacks of each broker.

HDFC Securities

▲ Pros

  • ✓ Integrated 3-in-1 account with HDFC Bank.
  • ✓ Comprehensive research reports and expert recommendations.
  • ✓ Advanced web, mobile and desktop trading platforms.
  • ✓ Investment in Stocks, F&O, IPOs, Mutual Funds, ETFs and Bonds.
  • ✓ Margin Trading Facility (MTF) available.
  • ✓ Strong brand reputation with nationwide presence.
  • ✓ Dedicated relationship manager for eligible customers.

▼ Cons

  • ✕ Brokerage charges are higher than discount brokers.
  • ✕ Annual Maintenance Charges apply for demat accounts.
  • ✕ Call & Trade service is chargeable.
  • ✕ Some advanced trading tools are available only to eligible customers.
  • ✕ Margin benefits depend on the applicable product and segment.
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 HDFC Securities Account Open m.Stock Account

Explore more comparisons

Compare HDFC Securities with

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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 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 FYERS Securities 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.