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
ProStocksSEBI INZ000048660
- Account opening
- ₹0
- Demat AMC
- ₹0 (₹1,000 deposit)
- SME IPOs
- Not stated
- Delivery brokerage
- ₹0
- Cost to sell ₹15,000 of IPO shares
- ₹23.60Brokerage and DP with GST, ours
Where m.Stock and ProStocks differ
6 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | m.Stock | ProStocks |
|---|---|---|
| One mainboard lot, ₹15,000₹9.44 less at ProStocks | ₹33.04 | ₹23.60 |
| Two SME lots, ₹2,50,000₹9.44 less at ProStocks | ₹33.04 | ₹23.60 |
| A year: 12 mainboard lots sold₹113.28 less at ProStocks | ₹396.48 | ₹283.20 |
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.
- Account opening: ₹0 at m.Stock, No fee listed at ProStocks.
- Demat maintenance (AMC): ₹0 at m.Stock, None at ProStocks.
- Equity delivery brokerage: ₹10 per order at m.Stock, ₹0 at ProStocks.
- DP charge on selling shares: ₹18 plus GST per debit transaction at m.Stock, ₹20 per scrip plus 18% GST at ProStocks.
- Mainboard IPOs: Yes, with a two-click application at m.Stock, not stated at ProStocks.
The same at both: sME IPOs.
m.Stock vs ProStocks: charges side by side
Differs 6 of 7 charges differ between m.Stock and ProStocks. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | m.Stock | ProStocks |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | No fee listed (online application) |
| Demat maintenance (AMC) | ₹0 | None; ₹1,000 refundable demat deposit |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, with a two-click application | Not stated on the pages we checked |
| SME IPOs | Not stated on the pages we checked | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹10 per order | ₹0 (flat fee plan) |
| DP charge on selling shares | ₹18 plus GST per debit transaction | ₹20 per scrip plus 18% GST |
| Registration | ||
| SEBI registration | INZ000163138 | INZ000048660 |
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 m.Stock and ProStocks pages.
m.Stock and ProStocks strengths and things worth checking
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.
ProStocks
Strengths
- ₹0 delivery brokerage
- No AMC
- Cheap dealer orders
Worth checking
- Refundable deposit
₹1,000 demat deposit.
- IPO access not stated
The pricing page does not mention IPO applications.
Brokerage calculator: m.Stock vs ProStocks
| Charge | m.Stock | ProStocks |
|---|
Ours, with NSE rates. Change the trade to see what m.Stock and ProStocks would each charge.
Other comparisons
Every comparison with m.Stock or ProStocks, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, m.Stock or ProStocks?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹23.60 in broker charges at ProStocks and ₹33.04 at m.Stock (our calculation). For two SME lots worth ₹2,50,000: m.Stock ₹33.04, ProStocks ₹23.60 (our calculation, brokerage and DP charge with GST).
How much would the difference between m.Stock and ProStocks be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, ProStocks costs ₹113.28 less in broker charges (our calculation). Add the yearly AMC: m.Stock: ₹0; ProStocks: None.
Can I apply for SME IPOs on m.Stock and ProStocks?
Neither says clearly on its pages that SME IPOs can be applied for.
Is account opening free at m.Stock and ProStocks?
m.Stock: ₹0. ProStocks: No fee listed.
What is the demat AMC at m.Stock and ProStocks?
m.Stock: ₹0. ProStocks: None.