The comparison between Fyers, Groww, and M.Stock highlights the major differences in their services and features, including overall ratings, brokerage charges, trading platforms, investment offerings, and customer service quality. Fyers is known for its user-friendly trading experience and reliability, while Groww stands out for offering competitive brokerage rates and an advanced mobile trading platform. M Stock provides an excellent balance of technology, research tools, and responsive customer support. In terms of active clients, the brokers report approximately 3.01 Lakh, 1.2 Cr, and 5,02,584 users respectively, reflecting their popularity among investors. Overall, this comparison of Fyers, Groww, and M.Stock helps traders and investors choose the most suitable broker based on features, pricing, and platform performance.
Services / Features
The services/features comparison between Fyers, Groww, and M.Stock reveals significant differences in their offerings. Fyers provides 4 for Overall Rating, while Groww offers 4 and M.Stock features 4.5.
| Services / Features | Fyers | Groww | M.Stock |
|---|---|---|---|
| Overall Rating | ★★★★★ | ★★★★★ | ★★★★★ |
| Brokerage Charges | ★★★★★ | ★★★★★ | ★★★★★ |
| Trading Platform | ★★★★★ | ★★★★★ | ★★★★★ |
| Investments Offering | ★★★★★ | ★★★★★ | ★★★★★ |
| Customer Service | ★★★★★ | ★★★★★ | ★★★★★ |
| Broker Type | Discount Broker | Discount Broker | Discount Broker |
| Exchanges Supported | NSE, BSE, MCX | NSE, BSE, MCX | NSE, BSE |
| Active Clients | 3.01 Lakh | 1.2 Cr | 5,02,584 |
| Broker Overview | Fyers Review | Groww Review | m.Stock Review |
Account Opening Charges and AMC
The account opening charges and AMC comparison between Fyers, Groww, and M.Stock reveal significant differences in their offerings. Fyers provides N/A trading and demat account opening, while Groww offers Free and M.Stock features Zero.
| Account Opening Charges and AMC | Fyers | Groww | M.Stock |
|---|---|---|---|
| Trading Account Opening | — | Free | Zero |
| Trading AMC | — | Free | ₹880 |
| Demat Account Opening | — | Free | Zero |
| Demat AMC | — | Free | ₹880 |
| Provide DP Service | Yes | Yes | Yes |
Brokerage Plans
The brokerage plans comparison between Fyers, Groww, and M.Stock reveals significant differences in their offerings. Fyers provides - plans, while Groww offers No and M.Stock features No.
| Brokerage Plans | Fyers | Groww | M.Stock |
|---|---|---|---|
| Multiple Plans | - | No | No |
| Monthly Plans | - | No | No |
| Yearly Plans | - | No | No |
Brokerage Charges
This comparison between Fyers, Groww, and M.Stock reveals significant differences in their brokerage charges. Fyers charges ₹20 or 0.03% per executed order brokerage on equity delivery and intraday, ₹20 or 0.03% per executed order for futures, and ₹20 per executed order for options. Groww charges 20 or 0.1% brokerage on equity delivery and intraday, 20 for futures, and 20 for options. M.Stock charges Zero brokerage on equity delivery and intraday, ₹5 per order for futures, and ₹5 per order for options.
| Brokerage Charges | Fyers | Groww | M.Stock |
|---|---|---|---|
| Plan Name | - | Max Rs 20 per order Trading Plan | - |
| Equity Delivery | ₹20 or 0.03% per executed order | 20 or 0.1% | Zero |
| Equity Intraday | ₹20 or 0.03% per executed order | 20 or 0.1% | ₹5 per order |
| Equity Futures | ₹20 or 0.03% per executed order | 20 | ₹5 per order |
| Equity Options | ₹20 per executed order | 20 | ₹5 per order |
| Currency Futures | ₹20 or 0.03% per executed order | NA | - |
| Currency Options | ₹20 per executed order | NA | - |
| Commodity Futures | ₹20 per executed order | ||
| Commodity Options | ₹20 per executed order | ||
| Hidden Charges | No | Zero | No |
| Call & Trade Charges | ₹50 + GST per executed order | Rs 16.5 per scrip on Sell | Zero |
| Auto Square Off Charges | ₹50 + GST per executed order | Rs 50 Per Executable Order | ₹40 per executed order + GST |
| Brokerage Calculator | Groww Brokerage Calculator |
Transactions Charges
This comparison between Fyers, Groww, and M.Stock reveals significant differences in their transactions. Fyers provides NSE: 0.00297% | BSE: 0.00375% for Transaction Charges Equity Delivery, while Groww offers 20 and M.Stock features NSE: 0.00297% BSE: 0.00375%.
| Transactions Charges | Fyers | Groww | M.Stock |
|---|---|---|---|
| Equity Delivery | NSE: 0.00297% | BSE: 0.00375% | 20 | NSE: 0.00297% BSE: 0.00375% |
| Equity Intraday | NSE: 0.00297% | BSE: 0.00375% | 20 | NSE: 0.00297% BSE: 0.00375% |
| Equity Futures | NSE: 0.00173% | 20 | NSE: 0.00173% BSE: 0 |
| Equity Options | NSE: 0.03503% | 20 | NSE: 0.03503% (on premium) BSE: 0.0325% (on premium) |
| Currency Futures | NSE: 0.00035% | BSE: 0.00045% | 20 | - |
| Currency Options | NSE: 0.0311% | BSE: 0.001% | 20 | - |
| Commodity | MCX- Non-Agri: 0.0418% | 20 | - |
Account Features
These are the notable distinctions in the account features of Fyers, Groww, and M.Stock when compared.
| Account Features | Fyers | Groww | M.Stock |
|---|---|---|---|
| 3-in-1 Account | No | No | No |
| Charting | Yes | Yes | Yes |
| Algo Trading | Yes | Yes | Yes |
| SMS Alerts | Yes | No | Yes |
| Online Demo | Yes | Yes | Yes |
| Online Portfolio | Yes | Yes | Yes |
| Margin Trading Funding Available | Yes | Yes | Yes |
| Combined Ledger for Equity and Commodity | Yes | No | Yes |
| Intraday Square-off Time | 3:20 PM | 3:20 PM | 3:20 PM |
| NRI Trading | Yes | No | No |
Trading Platforms
The trading platforms comparison between Fyers, Groww, and M.Stock reveals significant differences in their offerings. Fyers, Groww and M.Stock provide web trading platforms and mobile trading platforms.
| Trading Platforms | Fyers | Groww | M.Stock |
|---|---|---|---|
| Web Trading Platform | Yes | Yes | Yes |
| Web Trading Detail | Fyers Web Trading | Groww | m.Stock |
| Mobile Trading | Yes | Yes | Yes |
| Mobile Trading App | Yes | Groww | Yes |
| Android Mobile App | Yes | Yes | Yes |
| Android App Download | Yes | Yes | Yes |
| iPhone Mobile App (iOS) | Yes | Yes | Yes |
| iOS App Download | Download | Groww | Download |
| Android Tablet App | Yes | Yes | Yes |
| iPad App (iOS) | Yes | Yes | Yes |
| Trading Software Charges | Nil | Free | Zero |
Broker Ratings
The broker ratings comparison between Fyers, Groww, and M.Stock reveals significant differences in their offerings. Fyers provides 4 for Fees Ratings, while Groww offers 4.0 and M.Stock features 4.5.
| Broker Ratings | Fyers | Groww | M.Stock |
|---|---|---|---|
| Fees Ratings | 4 | 4.0 | 4.5 |
| Trading Brokerage Rating | 4 | 4.4 | 4.5 |
| Trading Platform Usability | 4 | 4.8 | 4.5 |
| Customer Service Ratings | 4 | 3.8 | 4.4 |
| Overall Ratings | 4 | 4.3 | 4.5 |
Investment Offerings
This comparison between Fyers, Groww, and M.Stock reveals significant differences in their investment offerings. Fyers provides investment offerings in Yes, mutual funds and offers trades in currency and commodities, while Groww provides investment offerings in Yes, mutual funds and does not offer trades in currency and commodities and M.Stock provides investment offerings in Yes, mutual funds and does not offer trades in currency and commodities.
| Investment Offerings | Fyers | Groww | M.Stock |
|---|---|---|---|
| Equity Cash and F&O | Yes | Yes | Yes |
| Currency Derivatives | Yes | No | No |
| Commodity | Yes | No | No |
| Online IPO Application | Yes | Yes | Yes |
| Mutual Funds | Yes | Yes | Yes |
| Bond / NCD | Yes | Yes | Yes |
| ETF | Yes | Yes | Yes |
| Banking | No | No | No |
| Insurance | No | No | No |
| Forex | Yes | No | No |
| MF SIP Investment | Yes | Yes | Yes |
| Equity SIP Investment | Yes | Yes | Yes |
| PMS Service | Yes | No | No |
| Other Investment Options | Yes | No | No |
Customer Support
The comparison between Fyers, Groww, and M.Stock reveals significant differences in their Customer Support. Fyers provides No, while Groww offers Yes and M.Stock features No.
| Customer Support | Fyers | Groww | M.Stock |
|---|---|---|---|
| 24/7 Customer Service | No | Yes | No |
| Email Support | Yes | Yes | Yes |
| Online Live Chat | Yes | No | Yes |
| Phone Support | Yes | Yes | PMS Service |
| Toll Free Number | No | No | 1800 2100 818 |
| Through Branches | No | Yes | — |
| Customer Care Number | 080-60001111 | +91-9108800000 | 1800 2100 818 |
| Account Opening Process | Online | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center / Education | — | https://groww.in/blog | https://www.mstock.com/mlearn |
| Head Office Address | Brigade Magnum, | Vaishnavi Tech Park, South Tower, 3rd Floor | 1st Floor, Tower 4, Equinox Business Park, |
| Website | https://fyers.in/ | https://groww.in/ | https://www.mstock.com/ |
Research and Reports
The research and reports comparison between Fyers, Groww, and M.Stock reveals significant differences in their offerings.
| Research and Reports | Fyers | Groww | M.Stock |
|---|---|---|---|
| Research Mutual Funds | Yes | Yes | Yes |
| Research Equity Reports | Yes | No | Yes |
| Research ETF | Yes | Yes | Yes |
| Daily Market Report | Yes | Yes | Yes |
| Free Tips | No | No | No |
| Quarterly Result Analysis | Yes | Yes | Yes |
| News Alerts | Yes | Yes | Yes |
Demat Account Charges
This comparison between Fyers, Groww, and M.Stock reveals significant differences in their demat account charges. Fyers provides CDSL & NSDL for DP Source, while Groww offers CDSL and M.Stock features CDSL.
| Demat Account Charges | Fyers | Groww | M.Stock |
|---|---|---|---|
| DP Source | CDSL & NSDL | CDSL | CDSL |
| DP ID | CDSL: 12089400 | NSDL: IN304502 | 88700/88701/88702 | 12092900 |
| Demat Account Annual Maintenance Charges (AMC) | — | Zero | ₹1,299 + GST for Lifetime |
| Advance Deposit | No | Nil | No |
| Transaction Charges on Debit (Per ISIN) | — | ₹8 + ₹5.50 (CDSL Charges) per transaction | — |
| Demat | — | ₹150 per certificate + ₹100 courier charges | Zero |
| Remat | ₹10/- per certificate | ₹150 per certificate + ₹100 courier charges + CDSL Charges | Zero |
| Pledge Creation | ₹5 | ₹20 + GST | Zero |
| Pledge Creation Confirmation | - | Yes | Yes |
| Pledge Closure | ₹5 | ₹20 + GST | ₹32 per day (+GST) |
| Pledge Closure Confirmation | - | Yes | Yes |
| Pledge Invocation | ₹5 | ₹20 | ₹32 per day (+GST) |
| Failed Instruction Charges | — | ₹50 per instruction | Zero |
| Other Charges | - | Nil | Zero |
Advantages and Disadvantages
| Broker | Pros | Cons |
|---|---|---|
| Fyers |
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| Groww |
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| M.Stock |
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User Experience: Buying Stocks
Fyers – User Trading Experience
Account Opening Experience: Account opening is fully online with digital KYC, typically activated within 1–3 working days.
Platform & Order Execution: The platform rating is 4/5. Mobile trading app ensures real-time order execution and portfolio tracking.
Brokerage Transparency: Intraday brokerage is ₹20 or 0.03% per executed order, and charges are shown before order confirmation.
Advanced Features: Supports algorithmic trading for strategy-based investors. Margin trading facility increases buying power.
Research & IPO: Provides equity research reports. Supports online IPO applications.
Customer Support: Customer service rating is 4/5.
Market Presence: Around 3.01 Lakh active clients use this broker.
Groww – User Trading Experience
Account Opening Experience: Account opening is fully online with digital KYC, typically activated within 1–3 working days.
Platform & Order Execution: The platform rating is 4/5.
Brokerage Transparency: Intraday brokerage is 20 or 0.1%, and charges are shown before order confirmation.
Advanced Features: Supports algorithmic trading for strategy-based investors. Margin trading facility increases buying power.
Research & IPO: Supports online IPO applications.
Customer Support: Customer service rating is 3.8/5.
Market Presence: Around 1.2 Cr active clients use this broker.
M.Stock – User Trading Experience
Account Opening Experience: Account opening is fully online with digital KYC, typically activated within 1–3 working days.
Platform & Order Execution: The platform rating is 4.5/5. Mobile trading app ensures real-time order execution and portfolio tracking.
Brokerage Transparency: Intraday brokerage is ₹5 per order, and charges are shown before order confirmation.
Advanced Features: Supports algorithmic trading for strategy-based investors. Margin trading facility increases buying power.
Research & IPO: Provides equity research reports. Supports online IPO applications.
Customer Support: Customer service rating is 4.4/5.
Market Presence: Around 5,02,584 active clients use this broker.
Frequently Asked Questions
The account opening charges vary significantly: Fyers charges Not specified, Groww charges Free, and M.Stock charges Zero. When considering AMC, investors should evaluate the overall cost structure along with the features and services provided by each broker.
Brokerage charges differ across platforms: Fyers offers ₹20 or 0.03% per executed order for equity intraday, Groww provides 20 or 0.1%, and M.Stock charges ₹5 per order. The actual costs may vary based on trading volume, account type, and specific plans offered by each broker.
All three brokers provide diverse investment opportunities: Fyers offers 4, Groww provides 4, and M.Stock features 4.4. The platforms support equity trading, derivatives, mutual funds, and other financial instruments suitable for different investor profiles.
Customer support quality varies: Fyers has 4 support, Groww offers 4, and M.Stock provides 4.4. Support channels typically include phone, email, live chat, and branch services, with response times and availability differing between brokers.
Platform usability ratings show: Fyers with 4, Groww with 4.8, and M.Stock with 4.5. The best interface depends on individual preferences - some users prefer simplicity while others need advanced features and customization options.
Yes, mutual fund and stock investing is available across all platforms: Fyers (Yes), Groww (Yes), and M.Stock (Yes). All three brokers provide comprehensive access to equity markets and mutual fund investments through their respective platforms.
For beginners, the choice depends on specific needs: Fyers offers user-friendly platforms with educational resources, Groww provides competitive pricing with intuitive interfaces, and M.Stock combines ease of use with comprehensive investment options. Beginners should consider factors like ease of account opening, customer support quality, educational content, and platform simplicity when making their decision.
All three brokers offer robust mobile trading apps with different strengths: Fyers focuses on intuitive design and quick execution, Groww emphasizes advanced charting and analysis tools, while M.Stock balances simplicity with comprehensive features. The mobile apps are available for both iOS and Android devices with regular updates and feature enhancements.
