Upstox
Discount BrokerAccount openingFree
AMC₹0 first year
Intraday₹20 or 0.1% per executed order, whichever is lower
Broker Comparison
Upstox vs m.Stock
Compare brokerage charges, account fees, trading platforms, products, MTF, advantages and limitations before choosing a broker.
Data verified: 2026-07-31
M.
m.Stock
Discount BrokerAccount openingPlan/offer-dependent; verify official onboarding page
AMCPlan/account-dependent; verify official tariff
IntradayPlan-dependent; verify official tariff
Upstox vs m.Stock: Quick comparison
Key charges and account features side by side.
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| Feature | Upstox | m.Stock |
|---|---|---|
| Broker type | Discount Broker | Discount Broker |
| Account opening | Free | Plan/offer-dependent; verify official onboarding page |
| Annual maintenance | ₹0 first year | Plan/account-dependent; verify official tariff |
| Equity delivery | ₹20 per executed order | Plan-dependent; verify official tariff |
| Equity intraday | ₹20 or 0.1% per executed order, whichever is lower | Plan-dependent; verify official tariff |
| Futures | ₹20 or 0.05% per executed order, whichever is lower | Plan-dependent; verify official tariff |
| Options | ₹20 per executed order | Plan-dependent; verify official tariff |
| Commodity | ₹20 per executed order or 0.05% (whichever is lower) | Available only where enabled by the broker; verify current segment availability and tariff. |
| Currency | ₹20 per executed order or 0.05% (whichever is lower) | Available only where enabled by the broker; verify current segment availability and tariff. |
| DP charges | ₹20.0 + GST | Charged on eligible Demat debit transactions; verify the current per-ISIN tariff on the official pricing page. |
| Auto Square Off | ₹50 + GST | Availability, eligible securities and interest rate are broker/plan-dependent; verify the official MTF terms. |
| Call & trade | ₹75 + GST | May attract an additional assisted-order charge; verify the current tariff. |
| Customer support | Official app/web help centre, ticket, email and/or phone support. | Official app/web help centre, ticket, email and/or phone support; channels vary by broker. |
| Active Users | Approximately 2.5 million active clients. | Check official tariff |
About Upstox
Upstox is a technology-driven discount broker in India that offers online investing and trading services at competitive charges. Users can trade in equities, commodities, currencies, futures, and options through its mobile and web-based platforms.
The company is backed by prominent investors, including Ratan Tata and Kalaari Capital. Upstox focuses on providing a simple, fast, and accessible trading experience for both beginners and active traders.
Its trading platforms offer advanced charts, technical indicators, watchlists, order management tools, and portfolio tracking features. Users can access equity delivery, intraday trading, futures and options, commodities, and currency derivatives through a single Upstox account.
About m.Stock
m.Stock is an Indian investment and trading platform included in TheShareBrokers broker database. It provides access to listed-market products through its official mobile and/or web platforms. Charges and product availability can vary by segment, account type and selected plan, so users should verify the linked official tariff before making a decision.
Trading Platforms & Tools
- Upstox offers web and mobile trading platforms designed for investors and active traders. Its tools include advanced charts, technical indicators, multiple order types, customizable watchlists, price alerts, option chain analysis, portfolio tracking, and real-time market data. Users can trade in equities, futures and options, commodities, and currencies, as well as invest in mutual funds, IPOs, ETFs, and other financial products through a single account
Products Offered
- Upstox offers a wide range of investment and trading products, including equity delivery, intraday trading, futures and options, commodities, currencies, mutual funds, IPOs, ETFs, bonds, and government securities. Users can access and manage these products through a single Demat and trading account.
m.Stock platforms
- m.Stock app and web platform
m.Stock products
- Equity, F&O, commodity, currency, IPO and mutual funds
Upstox pros and cons
Pros
- Low and transparent brokerage
- Advanced trading tools and charts
- Wide range of investment products
Cons
- Does not offer a 3-in-1 account.
- Does not offer unlimited monthly trading plans.
m.Stock pros and cons
Pros
- Established broker/platform access; integrated m.Stock app and web platform; broad access to Equity, F&O, commodity, currency, IPO and mutual funds.
Cons
- Charges may vary by plan or promotional period; some segments require separate activation; users should verify the latest tariff and platform availability.
Which broker should you choose?
Choose based on the segment you trade, total account cost, platform requirements, research needs and support preference. Verify the latest tariff and product availability on the brokers’ official websites before opening an account.
Broker Rating
Upstox
4.3/5
m.Stock
Rating not added
Read complete broker reviews
Frequently asked questions
Is Upstox good for beginners?
Yes, Upstox is suitable for beginners because it offers an easy-to-use app, online account opening, and access to multiple investment products.
Is Upstox Demat account opening free?
Yes, Upstox currently offers Demat account opening at ₹0.
What are the Upstox annual maintenance charges?
Upstox currently charges ₹0 AMC for the first year, after which non-BSDA users pay ₹300 + GST annually.
What is the brokerage charge in Upstox?
Upstox charges up to ₹20 per executed order, depending on the trading segment.
Does Upstox charge brokerage on equity delivery?
Yes, Upstox currently charges ₹20 per executed equity delivery order.
Can I invest in mutual funds through Upstox?
Yes, users can invest in mutual funds through Upstox with ₹0 charges on mutual fund transactions.
Can I apply for an IPO through Upstox?
Yes, Upstox users can apply for IPOs online, and Upstox currently charges ₹0 brokerage on IPO investments.
How long does it take to open an Upstox account?
An Upstox Demat account can generally be activated within 12–48 hours after successful document verification.
Does Upstox charge DP charges when selling shares?
Yes, Upstox currently charges ₹20 per scrip per day as DP charges when equity delivery shares are sold.
Can I trade in stocks, F&O, commodities and currencies with Upstox?
Yes, Upstox provides access to stocks, futures and options, commodities, and currency trading.
Is m.Stock a SEBI-registered stock broker?
m.Stock operates through a regulated broking entity. Check the current SEBI registration and exchange membership shown on the broker’s official regulatory or disclosure page before opening an account.
What are the brokerage charges at m.Stock?
m.Stock brokerage can vary by segment, plan and promotional period. Use the official tariff or pricing page linked in this record and confirm the selected plan during account opening.
Does m.Stock charge Demat AMC?
Demat maintenance charges may depend on the account type, BSDA eligibility, plan or introductory offer. Confirm the current AMC from the official tariff before applying.
Which products are available on m.Stock?
The products field on this page lists the major investment and trading segments available through m.Stock. Availability and activation requirements may vary by user and segment.
Who should consider m.Stock?
m.Stock may suit users whose required products, platform features, support model and total charges match their needs. Compare the verified tariff and platform features with at least one alternative broker.