m.Stock vs Mirae Asset Sharekhan
A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.
m.Stock
VS
Mirae Asset Sharekhan
m.Stock vs Mirae Asset Sharekhan — quick verdict
Choose m.Stock if
You want low-cost, self-directed trading
One Account. Zero Brokerage. Lifetime Investing.
Choose Mirae Asset Sharekhan if
You want research and offline support
Get the power of experience on your side.
Company overview
m.Stock is a discount broker incorporated in 1985*; Mirae Asset Sharekhan is a full-service broker incorporated in 2000.
| Parameter | m.Stock | Mirae Asset Sharekhan |
|---|---|---|
| Type of broker | Discount Broker | Full-Service Broker |
| Exchange membership | NSE · BSE · MCX | NSE · BSE · MCX · NCDEX |
| Year of incorporation | 1985* older | 2000 |
| Number of branches | 196+ | 900+ wider |
| Active clients | 12 Lakh+ | 32 Lakh+ larger |
Charges & AMC
Account-opening and maintenance charges for m.Stock and Mirae Asset Sharekhan compared side by side.
| Parameter | m.Stock | Mirae Asset Sharekhan |
|---|---|---|
| Trading a/c opening | ₹0 | ₹0 (Online) |
| Trading a/c AMC | ₹0 | ₹0 |
| Demat a/c opening | ₹0 | ₹0 |
| Demat a/c AMC | ₹999 + GST (One-time Lifetime AMC Plan)* lower | ₹0 (1st Year), then ₹400 + GST per year |
| DP charges (per ISIN, sell) | ₹13.5 + GST per debit transaction lower | ₹25 per debit transaction + GST |
Brokerage charges
How m.Stock and Mirae Asset Sharekhan price each trading segment, per executed order.
| Parameter | m.Stock | Mirae Asset Sharekhan |
|---|---|---|
| Equity Delivery | ₹0 (Zero Brokerage Plan) | 0.30% |
| Equity Intraday | ₹5 per executed order* | 0.02% |
| Equity Futures | ₹5 per executed order* | 0.02% |
| Equity Options | ₹5 per executed order* | ₹20 per executed order |
| Currency F&O | ₹5 per executed order* | 0.02% |
| Commodity F&O | ₹5 per executed order* | 0.02% |
| Call & Trade | ₹20 per executed order | ₹0 |
Transaction charges (exchange turnover)
Exchange turnover and clearing charges passed through by m.Stock and Mirae Asset Sharekhan, per segment.
| Parameter | m.Stock | Mirae Asset Sharekhan |
|---|---|---|
| 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 m.Stock and Mirae Asset Sharekhan — AMC, debit transactions, pledging and remat.
| Parameter | m.Stock | Mirae Asset Sharekhan |
|---|---|---|
| Demat Account Opening | ₹0 | ₹0 |
| Annual Maintenance Charges (AMC) | ₹999 + GST (One-time Lifetime AMC Plan) | ₹0 (1st Year), then ₹400 + GST per year |
| Debit Transaction Charges | ₹13.5 + GST per debit transaction | ₹25 per debit transaction + GST |
| Pledge / Unpledge Charges | ₹20 + GST per request | ₹30 + GST per request |
| Dematerialisation (Demat) | ₹150 per certificate + GST | ₹50 per certificate + GST |
| Rematerialisation (Remat) | ₹150 per certificate + GST | ₹50 per certificate + GST |
| Failed Transactions | Nil | Nil |
Margin & leverage (MTF)
Intraday and delivery margin / leverage offered by m.Stock and Mirae Asset Sharekhan.
| Parameter | m.Stock | Mirae Asset Sharekhan |
|---|---|---|
| Equity Delivery | 100% of trade value (1x) | Up to 100% of trade value (1x) |
| Equity Intraday | VAR + ELM Margin (Up to 5x*) | As per SEBI peak margin rules (Up to 5x (eligible stocks)) |
| Equity Futures | SPAN + Exposure Margin (As per available margin) | SPAN + Exposure Margin (1x) |
| Equity Options (Buy) | Premium Value (Not Applicable) | Premium + SPAN (for option writing) (As per exchange norms) |
| Equity Options (Sell) | SPAN + Exposure Margin (As per available margin) | SPAN + Exposure Margin (As per exchange norms) |
| Currency Futures & Options | SPAN + Exposure Margin (As per available margin) | SPAN + Exposure Margin (As per exchange norms) |
| Commodity Futures & Options | SPAN + Exposure Margin (As per available margin) | — |
Features & account
Account type and feature availability across m.Stock and Mirae Asset Sharekhan.
| Parameter | m.Stock | Mirae Asset Sharekhan |
|---|---|---|
| 3-in-1 account | ✕ No | ✕ No |
| Automated / API trading | ✓ Yes | ✓ Yes |
| Margin Trading (MTF) | ✓ Yes | ✓ Yes |
| Trading in SME shares | ✓ Yes | ✓ Yes |
| Trading platforms | m.Stock Web, m.Stock Mobile App, m.Stock Desktop | Sharekhan App, Sharekhan Web Trading Platform, TradeTiger |
| Intraday square-off | 3:15 PM | 3:15 PM |
| Other | Option Chain, Advanced Charting, Basket Orders, API Trading, Algo Trading Support, Price Alerts, eDIS, Margin Trading Facility (MTF), Smart Watchlists | Advanced research reports, Margin Trading Facility (MTF), Portfolio Health Check, Investment Ideas, IPO investment, Mutual Funds, Algo/API Trading, Smart Investor tools, Relationship Manager support, Educational webinars, TradeTiger desktop terminal, Comprehensive wealth management solutions. |
Trading platforms & apps
Trading terminals, web platforms and mobile apps offered by m.Stock and Mirae Asset Sharekhan.
| Parameter | m.Stock | Mirae Asset Sharekhan |
|---|---|---|
| Trading platforms offered | m.Stock Web, m.Stock Mobile App, m.Stock Desktop | Sharekhan App, Sharekhan Web Trading Platform, TradeTiger |
| Number of platforms | 3 | 3 |
| Platforms (summary) | m.Stock Web, m.Stock Mobile App, m.Stock Desktop | Sharekhan App, Sharekhan Web Trading Platform, TradeTiger |
| Mobile / desktop apps | Web, Mobile, Desktop | Mobile, Web, Desktop |
User ratings
User ratings for m.Stock and Mirae Asset Sharekhan across the key parameters.
| Rated on | m.Stock | Mirae Asset Sharekhan |
|---|---|---|
| Fees | 4.9 better | 4.2 |
| Brokerage | 5 better | 4.1 |
| Trading platform | 4.5 | 4.7 better |
| Customer service | 4.3 | 4.5 better |
| Research | 4.1 | 4.9 better |
| Overall | 4.6 better | 4.5 |
Investment options
Which investment products m.Stock and Mirae Asset Sharekhan let you access.
| Parameter | m.Stock | Mirae Asset Sharekhan |
|---|---|---|
| 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 m.Stock and Mirae Asset Sharekhan.
| Parameter | m.Stock | Mirae Asset Sharekhan |
|---|---|---|
| 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 m.Stock and Mirae Asset Sharekhan.
| Parameter | m.Stock | Mirae Asset Sharekhan |
|---|---|---|
| SEBI registration | INZ000163138 | INZ000174330 |
| NSE member code | 13198 | 10313 |
| Year of incorporation | 1985* longer track record | 2000 |
| Net worth | ₹2,611.66 Cr | ₹8,615+ Cr* stronger |
| Exchange memberships | NSE · BSE · MCX | NSE · BSE · MCX · NCDEX |
| Latest complaint ratio | 0.002% fewer complaints | 0.033% |
Complaints record
Exchange complaint data for m.Stock and Mirae Asset Sharekhan — the ratio matters more than the raw count.
| Parameter | m.Stock | Mirae Asset Sharekhan |
|---|---|---|
| Latest financial year | 2025–26 | 2025–26 |
| Exchange | NSE | NSE |
| Active clients | 12,18,457 | 31,20,000+ larger base |
| Complaints filed | 19 | 1,020 |
| Complaint ratio | 0.002% fewer complaints | 0.033% |
Pros & cons
The main advantages and drawbacks of each broker.
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.
Mirae Asset Sharekhan
▲ Pros
- ✓ Backed by the globally recognized Mirae Asset Financial Group.
- ✓ Comprehensive research reports and investment recommendations.
- ✓ Supports investment in stocks, derivatives, commodities, currencies, mutual funds, IPOs, bonds, and ETFs.
- ✓ Advanced trading platforms for web, desktop, and mobile users.
- ✓ Large nationwide network of branches and relationship managers.
- ✓ Margin Trading Facility (MTF) available for eligible stocks.
- ✓ Strong educational resources, webinars, and investor learning programs.
- ✓ Reliable customer support through branches, phone, email, and chat.
- ✓ Suitable for both beginners and long-term investors.
- ✓ Offers integrated wealth management and portfolio advisory services.
▼ Cons
- ✕ Brokerage charges are higher than most discount brokers.
- ✕ Annual Maintenance Charges (AMC) apply for Demat accounts.
- ✕ Account opening process may take longer than fully digital discount brokers.
- ✕ Premium research and advisory services may involve additional charges.
- ✕ Advanced trading tools are more beneficial for experienced traders than casual investors.
- ✕ Intraday brokerage can be comparatively expensive for high-frequency traders.
- ✕ Fewer free investment tools compared to some newer fintech brokers.
- ✕ Some premium features are available only under higher-value plans or subscriptions.
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