m.Stock vs Sahi
A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.
m.Stock
VS
Sahi
m.Stock vs Sahi — quick verdict
Choose m.Stock if
You want low-cost, self-directed trading
One Account. Zero Brokerage. Lifetime Investing.
Choose Sahi if
You want low-cost, self-directed trading
Trading Simplified.
Company overview
m.Stock is a discount broker incorporated in 1985*; Sahi is a discount broker incorporated in 2021.
| Parameter | m.Stock | Sahi |
|---|---|---|
| Type of broker | Discount Broker | Discount Broker |
| Exchange membership | NSE · BSE · MCX | NSE · BSE |
| Year of incorporation | 1985* older | 2021 |
| Number of branches | 196+ | Online Only |
| Active clients | 12 Lakh+ larger | 1 Lakh+ |
Charges & AMC
Account-opening and maintenance charges for m.Stock and Sahi compared side by side.
| Parameter | m.Stock | Sahi |
|---|---|---|
| Trading a/c opening | ₹0 | ₹0 |
| Trading a/c AMC | ₹0 | ₹0 |
| Demat a/c opening | ₹0 | ₹0 |
| Demat a/c AMC | ₹999 + GST (One-time Lifetime AMC Plan)* | ₹0 lower |
| DP charges (per ISIN, sell) | ₹13.5 + GST per debit transaction | ₹13.5 per company (ISIN) on sell transactions |
Brokerage charges
How m.Stock and Sahi price each trading segment, per executed order.
| Parameter | m.Stock | Sahi |
|---|---|---|
| Equity Delivery | ₹0 (Zero Brokerage Plan) | ₹10 or 0.05% per executed order (whichever is lower) |
| Equity Intraday | ₹5 per executed order* | ₹10 or 0.05% per executed order (whichever is lower) |
| Equity Futures | ₹5 per executed order* | ₹10 per executed order |
| Equity Options | ₹5 per executed order* | ₹10 per executed order |
| Currency F&O | ₹5 per executed order* | ₹10 per executed order |
| Commodity F&O | ₹5 per executed order* | ₹10 per executed order |
| Call & Trade | ₹20 per executed order | Not Available |
Transaction charges (exchange turnover)
Exchange turnover and clearing charges passed through by m.Stock and Sahi, per segment.
| Parameter | m.Stock | Sahi |
|---|---|---|
| Equity Delivery | NSE: 0.00297% • BSE: 0.00375% | NSE: 0.0030699% • BSE: 0.00375% |
| Equity Intraday | NSE: 0.00297% • BSE: 0.00375% | NSE: 0.0030699% • BSE: 0.00375% |
| Equity Futures | NSE: 0.00173% | NSE: 0.0018299% |
| Equity Options | NSE: 0.03503% (on premium) | NSE: 0.0355299% (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: As per applicable exchange charges |
| Commodity Options | MCX: 0.04180% (on premium) | MCX: As per applicable exchange charges |
Demat & DP charges
Depository (demat) charges for m.Stock and Sahi — AMC, debit transactions, pledging and remat.
| Parameter | m.Stock | Sahi |
|---|---|---|
| Demat Account Opening | ₹0 | ₹0 |
| Annual Maintenance Charges (AMC) | ₹999 + GST (One-time Lifetime AMC Plan) | ₹0 |
| Debit Transaction Charges | ₹13.5 + GST per debit transaction | ₹13.5 per company (ISIN) on sell transactions |
| Pledge / Unpledge Charges | ₹20 + GST per request | ₹15 per transaction/ISIN + GST |
| Dematerialisation (Demat) | ₹150 per certificate + GST | ₹150 per certificate + courier charges |
| Rematerialisation (Remat) | ₹150 per certificate + GST | ₹150 per certificate + courier charges |
| Failed Transactions | Nil | ₹50 per ISIN |
Margin & leverage (MTF)
Intraday and delivery margin / leverage offered by m.Stock and Sahi.
| Parameter | m.Stock | Sahi |
|---|---|---|
| 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) | Not Available |
| Commodity Futures & Options | SPAN + Exposure Margin (As per available margin) | Not Available |
Features & account
Account type and feature availability across m.Stock and Sahi.
| Parameter | m.Stock | Sahi |
|---|---|---|
| 3-in-1 account | ✕ No | ✕ No |
| Automated / API trading | ✓ Yes better | ✕ No |
| Margin Trading (MTF) | ✓ Yes better | ✕ No |
| Trading in SME shares | ✓ Yes | ✓ Yes |
| Trading platforms | m.Stock Web, m.Stock Mobile App, m.Stock Desktop | Sahi Web, Sahi Mobile App |
| 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 Charts, Option Chain, Watchlists, Price Alerts, Digital KYC, Real-time Market Data, Portfolio Tracking |
Trading platforms & apps
Trading terminals, web platforms and mobile apps offered by m.Stock and Sahi.
| Parameter | m.Stock | Sahi |
|---|---|---|
| Trading platforms offered | m.Stock Web, m.Stock Mobile App, m.Stock Desktop | Sahi Web, Sahi Mobile App |
| Number of platforms | 3 more choice | 2 |
| Platforms (summary) | m.Stock Web, m.Stock Mobile App, m.Stock Desktop | Sahi Web, Sahi Mobile App |
| Mobile / desktop apps | Web, Mobile, Desktop | Web, Mobile |
User ratings
User ratings for m.Stock and Sahi across the key parameters.
| Rated on | m.Stock | Sahi |
|---|---|---|
| Fees | 4.9 better | 4.8 |
| Brokerage | 5 better | 4.8 |
| Trading platform | 4.5 | 4.5 |
| Customer service | 4.3 better | 4.2 |
| Research | 4.1 better | 3.8 |
| Overall | 4.6 better | 4.4 |
Investment options
Which investment products m.Stock and Sahi let you access.
| Parameter | m.Stock | Sahi |
|---|---|---|
| Stocks / Equity | ✓ Yes | ✓ Yes |
| Commodity | ✓ Yes better | ✕ No |
| IPO | ✓ Yes better | ✕ No |
| Mutual Funds | ✓ Yes better | ✕ No |
| Bonds / NCD | ✓ Yes better | ✕ No |
Order types offered
Advanced order types supported by m.Stock and Sahi.
| Parameter | m.Stock | Sahi |
|---|---|---|
| Bracket Order | ✕ No | ✕ No |
| Cover Order | ✕ No | ✕ No |
| BTST | ✓ Yes | ✓ Yes |
| After Market (AMO) | ✓ Yes | ✓ Yes |
| GTC / GTT | ✓ Yes better | ✕ No |
Safety & credibility
SEBI registration, financial strength and complaint record for m.Stock and Sahi.
| Parameter | m.Stock | Sahi |
|---|---|---|
| SEBI registration | INZ000163138 | INZ000314836 |
| NSE member code | 13198 | 90392 |
| Year of incorporation | 1985* longer track record | 2021 |
| Net worth | ₹2,611.66 Cr stronger | ₹25+ Cr |
| Exchange memberships | NSE · BSE · MCX | NSE · BSE |
| Latest complaint ratio | 0.002% | N.A. |
Complaints record
Exchange complaint data for m.Stock and Sahi — the ratio matters more than the raw count.
| Parameter | m.Stock | Sahi |
|---|---|---|
| Latest financial year | 2025–26 | 2025–26 |
| Exchange | NSE | NSE |
| Active clients | 12,18,457 | Latest Available |
| Complaints filed | 19 | N.A. |
| Complaint ratio | 0.002% | N.A. |
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.
Sahi
▲ Pros
- ✓ Simple and transparent brokerage structure.
- ✓ ₹0 account opening and ₹0 annual Demat AMC.
- ✓ Fully digital and paperless account opening.
- ✓ User-friendly web and mobile trading platforms.
- ✓ Advanced charting, watchlists, and option chain.
- ✓ Suitable for beginners as well as active traders.
▼ Cons
- ✕ Limited research and advisory services.
- ✕ Investment products are fewer than large full-service brokers.
- ✕ No physical branch network.
- ✕ Call & Trade facility is limited or unavailable.
- ✕ Does not offer as many premium investment services as traditional brokers.
Explore more comparisons
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 FYERS Securities m.Stock vs SMC Global m.Stock vs Anand Rathi m.Stock vs Jainam Broking LimitedCompare Sahi with
Sahi vs Zerodha Sahi vs Angel One Sahi vs Upstox Sahi vs Groww Sahi vs ICICI Direct Sahi vs Kotak Neo Sahi vs HDFC Securities Sahi vs SBI Securities Sahi vs Motilal Oswal Sahi vs Paytm Money Sahi vs Mirae Asset Sharekhan Sahi vs Axis Direct Sahi vs 5paisa Sahi vs Choice Broking Sahi vs FYERS Securities Sahi vs SMC Global Sahi vs Anand Rathi Sahi vs Jainam Broking LimitedDisclaimer: 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.