FYERSSEBI INZ000008524
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 or 0.3%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹38.35Brokerage and DP with GST, ours
m.StockSEBI INZ000163138
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹10/order
- Cost to sell ₹15,000 of IPO shares
- ₹33.04Brokerage and DP with GST, ours
Where FYERS and m.Stock differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | FYERS | m.Stock |
|---|---|---|
| One mainboard lot, ₹15,000₹5.31 less at m.Stock | ₹38.35 | ₹33.04 |
| Two SME lots, ₹2,50,000₹5.31 less at m.Stock | ₹38.35 | ₹33.04 |
| A year: 12 mainboard lots sold₹63.72 less at m.Stock | ₹460.20 | ₹396.48 |
Ours: brokerage and DP charge with 18% GST. STT and exchange charges are equal everywhere, so they are left out. SME bids are two lots.
- Equity delivery brokerage: ₹20 or 0.3% per executed order, whichever is lower at FYERS, ₹10 per order at m.Stock.
- DP charge on selling shares: ₹12.50 plus GST per scrip at FYERS, ₹18 plus GST per debit transaction at m.Stock.
- SME IPOs: The help page lists applications by type at FYERS, not stated at m.Stock.
The same at both: account opening, Demat maintenance (AMC) and Mainboard IPOs.
FYERS vs m.Stock: charges side by side
Differs 4 of 7 charges differ between FYERS and m.Stock. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | FYERS | m.Stock |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹0 for trading and demat accounts | ₹0 |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, on the FYERS web and mobile platforms, with ₹0 brokerage | Yes, with a two-click application |
| SME IPOs | The help page lists applications by type (mainboard or SME) in the IPO section | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 0.3% per executed order, whichever is lower (Prime: ₹15 or 0.3%) | ₹10 per order |
| DP charge on selling shares | ₹12.50 plus GST per scrip (ISIN) | ₹18 plus GST per debit transaction |
| Registration | ||
| SEBI registration | INZ000008524 | INZ000163138 |
For other trading, equity intraday, Futures, Call and trade and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the FYERS and m.Stock pages.
FYERS and m.Stock strengths and things worth checking
FYERS
Strengths
- ₹0 AMC and account opening
- IPO applications free
- Low DP charge
Worth checking
- Brokerage on delivery
Up to ₹20 per order (₹15 on Prime).
- MTF on small amounts
16.49% a year on funding up to ₹1 lakh.
m.Stock
Strengths
- ₹10 per order
- ₹0 AMC
- Free call and trade
Worth checking
- System square-off is costly
₹100 plus GST per order if m.Stock squares off your intraday position.
- DP charge
₹18 plus GST per sale.
Brokerage calculator: FYERS vs m.Stock
| Charge | FYERS | m.Stock |
|---|
Ours, with NSE rates. Change the trade to see what FYERS and m.Stock would each charge.
Other comparisons
Every comparison with FYERS or m.Stock, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, FYERS or m.Stock?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹33.04 in broker charges at m.Stock and ₹38.35 at FYERS (our calculation). For two SME lots worth ₹2,50,000: FYERS ₹38.35, m.Stock ₹33.04 (our calculation, brokerage and DP charge with GST).
How much would the difference between FYERS and m.Stock be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, m.Stock costs ₹63.72 less in broker charges (our calculation). Add the yearly AMC: FYERS: ₹0 for trading and demat accounts; m.Stock: ₹0.
Can I apply for SME IPOs on FYERS and m.Stock?
Neither says clearly on its pages that SME IPOs can be applied for.
What brokerage do FYERS and m.Stock charge when I sell IPO shares?
Selling allotted shares is a delivery trade. On a ₹15,000 sale the brokerage with GST is ₹23.60 at FYERS and ₹11.80 at m.Stock (our calculation from their published rates).
What DP charge do FYERS and m.Stock take when I sell IPO shares?
For one sale of ₹15,000, with GST: ₹14.75 at FYERS; ₹21.24 at m.Stock (our calculation). It is charged on each sale from your demat account.