The comparison between Mirae Asset Sharekhan, SBI Securities, 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. Mirae Asset Sharekhan is known for its user-friendly trading experience and reliability, while Sbi Securities 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 31 lakh, 991,155 active, and 5,02,584 users respectively, reflecting their popularity among investors. Overall, this comparison of Mirae Asset Sharekhan, SBI Securities, 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 Mirae Asset Sharekhan, SBI Securities, and M.Stock reveals significant differences in their offerings. Mirae Asset Sharekhan provides 4 for Overall Rating, while SBI Securities offers 4 and M.Stock features 4.5.
| Services / Features | Mirae Asset Sharekhan | SBI Securities | M.Stock |
|---|---|---|---|
| Overall Rating | ★★★★★ | ★★★★★ | ★★★★★ |
| Brokerage Charges | ★★★★★ | ★★★★★ | ★★★★★ |
| Trading Platform | ★★★★★ | ★★★★★ | ★★★★★ |
| Investments Offering | ★★★★★ | ★★★★★ | ★★★★★ |
| Customer Service | ★★★★★ | ★★★★★ | ★★★★★ |
| Broker Type | Full Service Broker | Full Service Broker | Discount Broker |
| Exchanges Supported | NSE, BSE, MCX | NSE, BSE | NSE, BSE |
| Active Clients | 31 lakh | 991,155 active | 5,02,584 |
| Broker Overview | Mirae Asset Sharekhan Review | SBI Securities Review | m.Stock Review |
Account Opening Charges and AMC
The account opening charges and AMC comparison between Mirae Asset Sharekhan, SBI Securities, and M.Stock reveal significant differences in their offerings. Mirae Asset Sharekhan provides N/A trading and demat account opening, while SBI Securities offers N/A and M.Stock features Zero.
| Account Opening Charges and AMC | Mirae Asset Sharekhan | SBI Securities | M.Stock |
|---|---|---|---|
| Trading Account Opening | — | — | Zero |
| Trading AMC | — | — | ₹880 |
| Demat Account Opening | — | — | Zero |
| Demat AMC | ₹400 | — | ₹880 |
| Provide DP Service | Yes | Yes | Yes |
Brokerage Plans
The brokerage plans comparison between Mirae Asset Sharekhan, SBI Securities, and M.Stock reveals significant differences in their offerings. Mirae Asset Sharekhan provides - plans, while SBI Securities offers Available and M.Stock features No.
| Brokerage Plans | Mirae Asset Sharekhan | SBI Securities | M.Stock |
|---|---|---|---|
| Multiple Plans | - | Available | No |
| Monthly Plans | - | - | No |
| Yearly Plans | - | Available | No |
Brokerage Charges
This comparison between Mirae Asset Sharekhan, SBI Securities, and M.Stock reveals significant differences in their brokerage charges. Mirae Asset Sharekhan charges 0.30% on trade price or minimum 1 paisa per share brokerage on equity delivery and intraday, 0.02% per transaction value (each side) for futures, and ₹39 per lot (each side) for options. SBI Securities charges N/A brokerage on equity delivery and intraday, N/A for futures, and N/A 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 | Mirae Asset Sharekhan | SBI Securities | M.Stock |
|---|---|---|---|
| Plan Name | - | - | - |
| Equity Delivery | 0.30% on trade price or minimum 1 paisa per share | Zero | |
| Equity Intraday | 0.02% on trade price or minimum 1 paisa per share | ₹5 per order | |
| Equity Futures | 0.02% per transaction value (each side) | ₹5 per order | |
| Equity Options | ₹39 per lot (each side) | ₹5 per order | |
| Currency Futures | 0.02% per transaction value (each side) | - | |
| Currency Options | ₹5 per lot (each side) | - | |
| Commodity Futures | 0.10% (one side) | ||
| Commodity Options | 1% on premium or ₹150, whichever is higher | ||
| Hidden Charges | No | No | No |
| Call & Trade Charges | NA | ₹20 per executed order | Zero |
| Auto Square Off Charges | ₹50 per order | ₹40 per order | ₹40 per executed order + GST |
| Brokerage Calculator |
Transactions Charges
This comparison between Mirae Asset Sharekhan, SBI Securities, and M.Stock reveals significant differences in their transactions. Mirae Asset Sharekhan provides NSE: 0.00297% | 0.00375% for Transaction Charges Equity Delivery, while SBI Securities offers NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) and M.Stock features NSE: 0.00297% BSE: 0.00375%.
| Transactions Charges | Mirae Asset Sharekhan | SBI Securities | M.Stock |
|---|---|---|---|
| Equity Delivery | NSE: 0.00297% | 0.00375% | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) | NSE: 0.00297% BSE: 0.00375% |
| Equity Intraday | NSE: 0.00297% | 0.00375% | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) | NSE: 0.00297% BSE: 0.00375% |
| Equity Futures | NSE: 0.00173% | NSE Rs 173 per Cr (0.00173%) | BSE Rs 0 | NSE: 0.00173% BSE: 0 |
| Equity Options | NSE: 0.03503% on Premium | NSE Rs 3503 per Cr (0.03503%) | BSE Rs 325 per Cr (0.00325%) (on premium) | NSE: 0.03503% (on premium) BSE: 0.0325% (on premium) |
| Currency Futures | NSE: 0.00035% | NSE Rs 35 per Cr (0.00035%) | BSE Rs 45 per Cr (0.00045%) | - |
| Currency Options | NSE: 0.0311% | NSE Rs 3110 per Cr (0.0311%) | BSE Rs 100 per Cr (0.001%) (on premium) | - |
| Commodity | 0.0418% | — | - |
Account Features
These are the notable distinctions in the account features of Mirae Asset Sharekhan, SBI Securities, and M.Stock when compared.
| Account Features | Mirae Asset Sharekhan | SBI Securities | M.Stock |
|---|---|---|---|
| 3-in-1 Account | No | Yes | No |
| Charting | Yes | Yes | Yes |
| Algo Trading | Yes | Yes | Yes |
| SMS Alerts | Yes | Yes | 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 | Yes | Yes |
| Intraday Square-off Time | 3:20 PM | 3:20 PM | 3:20 PM |
| NRI Trading | Yes | Yes | No |
Trading Platforms
The trading platforms comparison between Mirae Asset Sharekhan, SBI Securities, and M.Stock reveals significant differences in their offerings. Mirae Asset Sharekhan, SBI Securities and M.Stock provide web trading platforms and mobile trading platforms.
| Trading Platforms | Mirae Asset Sharekhan | SBI Securities | M.Stock |
|---|---|---|---|
| Web Trading Platform | Yes | Yes | Yes |
| Web Trading Detail | Sharekhan | SBI Securities | m.Stock |
| Mobile Trading | Yes | Yes | Yes |
| Mobile Trading App | Yes | Yes | Yes |
| Android Mobile App | Yes | Yes | Yes |
| Android App Download | Yes | Yes | Yes |
| iPhone Mobile App (iOS) | Yes | Yes | Yes |
| iOS App Download | Sharekhan IOS App | Download | Download |
| Android Tablet App | Yes | Yes | Yes |
| iPad App (iOS) | Yes | Yes | Yes |
| Trading Software Charges | Nil | Nil | Zero |
Broker Ratings
The broker ratings comparison between Mirae Asset Sharekhan, SBI Securities, and M.Stock reveals significant differences in their offerings. Mirae Asset Sharekhan provides 4.3 for Fees Ratings, while SBI Securities offers 4.2 and M.Stock features 4.5.
| Broker Ratings | Mirae Asset Sharekhan | SBI Securities | M.Stock |
|---|---|---|---|
| Fees Ratings | 4.3 | 4.2 | 4.5 |
| Trading Brokerage Rating | 4.3 | 3.8 | 4.5 |
| Trading Platform Usability | 4,3 | 3.9 | 4.5 |
| Customer Service Ratings | 4.2 | 3.9 | 4.4 |
| Overall Ratings | 4.3 | 3.9 | 4.5 |
Investment Offerings
This comparison between Mirae Asset Sharekhan, SBI Securities, and M.Stock reveals significant differences in their investment offerings. Mirae Asset Sharekhan provides investment offerings in Yes, mutual funds and offers trades in currency and commodities, while SBI Securities provides investment offerings in Yes, mutual funds and offers 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 | Mirae Asset Sharekhan | SBI Securities | M.Stock |
|---|---|---|---|
| Equity Cash and F&O | Yes | Yes | Yes |
| Currency Derivatives | Yes | Yes | No |
| Commodity | Yes | Yes | No |
| Online IPO Application | Yes | Yes | Yes |
| Mutual Funds | Yes | Yes | Yes |
| Bond / NCD | Yes | Yes | Yes |
| ETF | Yes | Yes | Yes |
| Banking | No | Yes | No |
| Insurance | No | Yes | No |
| Forex | Yes | Yes | No |
| MF SIP Investment | Yes | Yes | Yes |
| Equity SIP Investment | Yes | Yes | Yes |
| PMS Service | Yes | Yes | No |
| Other Investment Options | Yes | Yes | No |
Customer Support
The comparison between Mirae Asset Sharekhan, SBI Securities, and M.Stock reveals significant differences in their Customer Support. Mirae Asset Sharekhan provides Yes, while SBI Securities offers Yes and M.Stock features No.
| Customer Support | Mirae Asset Sharekhan | SBI Securities | M.Stock |
|---|---|---|---|
| 24/7 Customer Service | Yes | Yes | No |
| Email Support | Yes | Yes | Yes |
| Online Live Chat | Yes | Yes | Yes |
| Phone Support | Yes | Yes | PMS Service |
| Toll Free Number | - | — | 1800 2100 818 |
| Through Branches | Yes | Yes | — |
| Customer Care Number | 02241683500 | 02268545555 | 1800 2100 818 |
| Account Opening Process | Online/Paperless | Online/offline | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center / Education | https://www.sharekhan.com/learn-and-grow | — | https://www.mstock.com/mlearn |
| Head Office Address |
Sharekhan Limited, 1st Floor, Tower No. 3, Equinox Business Park, LBS Marg, Off BKC, Kurla (West), Mumbai 400 070, Maharashtra, India. |
Marathon Futurex, B-wing, 12th Floor, Lower Parel East, Mumbai – 400013 |
1st Floor, Tower 4, Equinox Business Park, |
| Website | https://www.sharekhan.com/ | https://www.sbisecurities.in/ | https://www.mstock.com/ |
Research and Reports
The research and reports comparison between Mirae Asset Sharekhan, SBI Securities, and M.Stock reveals significant differences in their offerings.
| Research and Reports | Mirae Asset Sharekhan | SBI Securities | M.Stock |
|---|---|---|---|
| Research Mutual Funds | Yes | Yes | Yes |
| Research Equity Reports | Yes | Yes | 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 Mirae Asset Sharekhan, SBI Securities, and M.Stock reveals significant differences in their demat account charges. Mirae Asset Sharekhan provides NSDL & CDSL for DP Source, while SBI Securities offers CDSL & NSDL and M.Stock features CDSL.
| Demat Account Charges | Mirae Asset Sharekhan | SBI Securities | M.Stock |
|---|---|---|---|
| DP Source | NSDL & CDSL | CDSL & NSDL | CDSL |
| DP ID | NSDL - 300513 | CDSL - 12036000 | NSDL: IN300351, IN301397, IN301444, IN302531 | 12092900 |
| Demat Account Annual Maintenance Charges (AMC) | ₹ 400 | — | ₹1,299 + GST for Lifetime |
| Advance Deposit | No | No | No |
| Transaction Charges on Debit (Per ISIN) | - | — | — |
| Demat | ₹ 5 per share certificate (minimum ₹ 50 per request) | Rs 5 per cert + Rs 35 courier charges per request | Zero |
| Remat | ₹ 50 per certificate or ₹ 50 for every hundred securities | Rs 35 Per Request + CDSL Charges i.e. Rs 10 per 100 securities or part quantity | Zero |
| Pledge Creation | ₹ 20 per transaction | 0.02% of Value or Min Rs 25/- whichever is higher | Zero |
| Pledge Creation Confirmation | NA | 0.02% of Value or Min Rs 25/- whichever is higher | Yes |
| Pledge Closure | ₹ 20 per transaction | 0.02% of Value or Min Rs 25/- whichever is higher | ₹32 per day (+GST) |
| Pledge Closure Confirmation | NA | 0.02% of Value or Min Rs 25/- whichever is higher | Yes |
| Pledge Invocation | ₹ 20 per transaction | 0.02% of Value or Min Rs 25/- whichever is higher | ₹32 per day (+GST) |
| Failed Instruction Charges | - | Rs 10 per failed instruction | Zero |
| Other Charges | - | — | Zero |
Advantages and Disadvantages
| Broker | Pros | Cons |
|---|---|---|
| Mirae Asset Sharekhan |
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| SBI Securities |
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| M.Stock |
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User Experience: Buying Stocks
Mirae Asset Sharekhan – 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 0.02% on trade price or minimum 1 paisa per share, 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 4.2/5.
Market Presence: Around 31 lakh active clients use this broker.
SBI Securities – User Trading Experience
Account Opening Experience: Users benefit from a 3-in-1 integrated banking setup, making fund transfers seamless.
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 competitive, 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 3.9/5.
Market Presence: Around 991,155 active 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: Mirae Asset Sharekhan charges Not specified, SBI Securities charges Not specified, 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: Mirae Asset Sharekhan offers 0.02% on trade price or minimum 1 paisa per share for equity intraday, SBI Securities provides Not specified, 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: Mirae Asset Sharekhan offers 4, SBI Securities 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: Mirae Asset Sharekhan has 4 support, SBI Securities 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: Mirae Asset Sharekhan with 4,3, SBI Securities with 3.9, 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: Mirae Asset Sharekhan (Yes), SBI Securities (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: Mirae Asset Sharekhan offers user-friendly platforms with educational resources, SBI Securities 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: Mirae Asset Sharekhan focuses on intuitive design and quick execution, SBI Securities 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.
Stock Broker Review
Mirae Asset Sharekhan
SBI Securities
