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
StoxkartSEBI INZ000196835
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20/order
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage and DP with GST, ours
Where m.Stock and Stoxkart differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | m.Stock | Stoxkart |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹11.80 less at m.Stock; a DP charge is not published | ₹33.04 | ₹23.60 brokerage; DP charge not published |
| Two SME lots, ₹2,50,000Brokerage ₹11.80 less at m.Stock; a DP charge is not published | ₹33.04 | ₹23.60 brokerage; DP charge not published |
| A year: 12 mainboard lots soldBrokerage ₹141.60 less at m.Stock; a DP charge is not published | ₹396.48 | ₹283.20 brokerage; DP charge not published |
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.
- Demat maintenance (AMC): ₹0 at m.Stock, not stated at Stoxkart.
- Equity delivery brokerage: ₹10 per order at m.Stock, ₹20 per executed order at Stoxkart.
- DP charge on selling shares: ₹18 plus GST per debit transaction at m.Stock, not stated at Stoxkart.
- Mainboard IPOs: Yes, with a two-click application at m.Stock, not stated at Stoxkart.
The same at both: account opening and SME IPOs.
m.Stock vs Stoxkart: charges side by side
Differs 5 of 7 charges differ between m.Stock and Stoxkart. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | m.Stock | Stoxkart |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹0 | Not stated on the pages we checked |
| 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 | ₹20 per executed order |
| DP charge on selling shares | ₹18 plus GST per debit transaction | Not stated on the pages we checked |
| Registration | ||
| SEBI registration | INZ000163138 | INZ000196835 |
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 Stoxkart pages.
m.Stock and Stoxkart 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.
Stoxkart
Strengths
- Flat ₹20
Worth checking
- AMC, DP and IPO details not on the pricing page
Check them before you open an account.
Brokerage calculator: m.Stock vs Stoxkart
| Charge | m.Stock | Stoxkart |
|---|
Ours, with NSE rates. Change the trade to see what m.Stock and Stoxkart would each charge.
Other comparisons
Every comparison with m.Stock or Stoxkart, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, m.Stock or Stoxkart?
Stoxkart does not publish its DP charge, so the full cost of selling IPO shares cannot be compared. On brokerage alone, one mainboard lot (₹15,000) costs ₹11.80 less at m.Stock (our calculation). For two SME lots worth ₹2,50,000: m.Stock ₹33.04, Stoxkart ₹23.60 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between m.Stock and Stoxkart be over a year?
Not in full, because Stoxkart does not publish its DP charge. On brokerage alone, 12 mainboard lots of ₹15,000 cost ₹141.60 less at m.Stock (our calculation).
Can I apply for SME IPOs on m.Stock and Stoxkart?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at m.Stock and Stoxkart?
m.Stock: ₹0. Stoxkart: not stated.
What brokerage do m.Stock and Stoxkart charge when I sell IPO shares?
Selling allotted shares is a delivery trade. On a ₹15,000 sale the brokerage with GST is ₹11.80 at m.Stock and ₹23.60 at Stoxkart (our calculation from their published rates).