The comparison between SBI Securities, M.Stock, and Upstox highlights the major differences in their services and features, including overall ratings, brokerage charges, trading platforms, investment offerings, and customer service quality. Sbi Securities is known for its user-friendly trading experience and reliability, while M Stock stands out for offering competitive brokerage rates and an advanced mobile trading platform. Upstox provides an excellent balance of technology, research tools, and responsive customer support. In terms of active clients, the brokers report approximately 991,155 active, 5,02,584, and 23.78 lakh users respectively, reflecting their popularity among investors. Overall, this comparison of SBI Securities, M.Stock, and Upstox helps traders and investors choose the most suitable broker based on features, pricing, and platform performance.
Services / Features
The services/features comparison between SBI Securities, M.Stock, and Upstox reveals significant differences in their offerings. SBI Securities provides 4 for Overall Rating, while M.Stock offers 4.5 and Upstox features 4.5.
| Services / Features | SBI Securities | M.Stock | Upstox |
|---|---|---|---|
| Overall Rating | ★★★★★ | ★★★★★ | ★★★★★ |
| Brokerage Charges | ★★★★★ | ★★★★★ | ★★★★★ |
| Trading Platform | ★★★★★ | ★★★★★ | ★★★★★ |
| Investments Offering | ★★★★★ | ★★★★★ | ★★★★★ |
| Customer Service | ★★★★★ | ★★★★★ | ★★★★★ |
| Broker Type | Full Service Broker | Discount Broker | Discount Broker |
| Exchanges Supported | NSE, BSE | NSE, BSE | NSE, BSE |
| Active Clients | 991,155 active | 5,02,584 | 23.78 lakh |
| Broker Overview | SBI Securities Review | m.Stock Review | Upstox Review |
Account Opening Charges and AMC
The account opening charges and AMC comparison between SBI Securities, M.Stock, and Upstox reveal significant differences in their offerings. SBI Securities provides N/A trading and demat account opening, while M.Stock offers Zero and Upstox features Free.
| Account Opening Charges and AMC | SBI Securities | M.Stock | Upstox |
|---|---|---|---|
| Trading Account Opening | — | Zero | Free |
| Trading AMC | — | ₹880 | ₹300 |
| Demat Account Opening | — | Zero | Free |
| Demat AMC | — | ₹880 | ₹300 |
| Provide DP Service | Yes | Yes | Yes |
Brokerage Plans
The brokerage plans comparison between SBI Securities, M.Stock, and Upstox reveals significant differences in their offerings. SBI Securities provides Available plans, while M.Stock offers No and Upstox features -.
| Brokerage Plans | SBI Securities | M.Stock | Upstox |
|---|---|---|---|
| Multiple Plans | Available | No | - |
| Monthly Plans | - | No | - |
| Yearly Plans | Available | No | - |
Brokerage Charges
This comparison between SBI Securities, M.Stock, and Upstox reveals significant differences in their brokerage charges. 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. Upstox charges ₹20 brokerage on equity delivery and intraday, ₹20 or 0.1% for futures, and ₹20 for options.
| Brokerage Charges | SBI Securities | M.Stock | Upstox |
|---|---|---|---|
| Plan Name | - | - | - |
| Equity Delivery | Zero | ₹20 | |
| Equity Intraday | ₹5 per order | ₹20 or 0.1% | |
| Equity Futures | ₹5 per order | ₹20 or 0.1% | |
| Equity Options | ₹5 per order | ₹20 | |
| Currency Futures | - | ₹20 or 0.5% | |
| Currency Options | - | ₹20 | |
| Commodity Futures | |||
| Commodity Options | |||
| Hidden Charges | No | No | No |
| Call & Trade Charges | ₹20 per executed order | Zero | ₹75 + GST |
| Auto Square Off Charges | ₹40 per order | ₹40 per executed order + GST | ₹75 + GST |
| Brokerage Calculator |
Transactions Charges
This comparison between SBI Securities, M.Stock, and Upstox reveals significant differences in their transactions. SBI Securities provides NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) for Transaction Charges Equity Delivery, while M.Stock offers NSE: 0.00297% BSE: 0.00375% and Upstox features NSE: 0.00297% per trade.
| Transactions Charges | SBI Securities | M.Stock | Upstox |
|---|---|---|---|
| Equity Delivery | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) | NSE: 0.00297% BSE: 0.00375% | NSE: 0.00297% per trade |
| Equity Intraday | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) | NSE: 0.00297% BSE: 0.00375% | NSE: 0.00297% per trade |
| Equity Futures | NSE Rs 173 per Cr (0.00173%) | BSE Rs 0 | NSE: 0.00173% BSE: 0 | NSE: 0.00188% |
| Equity Options | 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) | NSE: 0.0495% (on premium) |
| Currency Futures | NSE Rs 35 per Cr (0.00035%) | BSE Rs 45 per Cr (0.00045%) | - | NSE: 0.00035% BSE: 0.00045% |
| Currency Options | NSE Rs 3110 per Cr (0.0311%) | BSE Rs 100 per Cr (0.001%) (on premium) | - | NSE: 0.0311% BSE: 0.001% |
| Commodity | — | - | 0.05% |
Account Features
These are the notable distinctions in the account features of SBI Securities, M.Stock, and Upstox when compared.
| Account Features | SBI Securities | M.Stock | Upstox |
|---|---|---|---|
| 3-in-1 Account | Yes | No | 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 | No | No |
Trading Platforms
The trading platforms comparison between SBI Securities, M.Stock, and Upstox reveals significant differences in their offerings. SBI Securities, M.Stock and Upstox provide web trading platforms and mobile trading platforms.
| Trading Platforms | SBI Securities | M.Stock | Upstox |
|---|---|---|---|
| Web Trading Platform | Yes | Yes | Yes |
| Web Trading Detail | SBI Securities | m.Stock | Upstox |
| 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 | Download | Download | Download |
| Android Tablet App | Yes | Yes | Yes |
| iPad App (iOS) | Yes | Yes | Yes |
| Trading Software Charges | Nil | Zero | Free |
Broker Ratings
The broker ratings comparison between SBI Securities, M.Stock, and Upstox reveals significant differences in their offerings. SBI Securities provides 4.2 for Fees Ratings, while M.Stock offers 4.5 and Upstox features 4.3.
| Broker Ratings | SBI Securities | M.Stock | Upstox |
|---|---|---|---|
| Fees Ratings | 4.2 | 4.5 | 4.3 |
| Trading Brokerage Rating | 3.8 | 4.5 | 4.4 |
| Trading Platform Usability | 3.9 | 4.5 | 4.4 |
| Customer Service Ratings | 3.9 | 4.4 | 4.2 |
| Overall Ratings | 3.9 | 4.5 | 4.3 |
Investment Offerings
This comparison between SBI Securities, M.Stock, and Upstox reveals significant differences in their investment offerings. SBI Securities provides investment offerings in Yes, mutual funds and offers trades in currency and commodities, while M.Stock provides investment offerings in Yes, mutual funds and does not offer trades in currency and commodities and Upstox provides investment offerings in Yes, mutual funds and offers trades in currency and commodities.
| Investment Offerings | SBI Securities | M.Stock | Upstox |
|---|---|---|---|
| Equity Cash and F&O | Yes | Yes | Yes |
| Currency Derivatives | Yes | No | Yes |
| Commodity | Yes | No | Yes |
| Online IPO Application | Yes | Yes | Yes |
| Mutual Funds | Yes | Yes | Yes |
| Bond / NCD | Yes | Yes | Yes |
| ETF | Yes | Yes | Yes |
| Banking | Yes | No | No |
| Insurance | Yes | No | No |
| Forex | Yes | No | Yes |
| MF SIP Investment | Yes | Yes | Yes |
| Equity SIP Investment | Yes | Yes | Yes |
| PMS Service | Yes | No | Yes |
| Other Investment Options | Yes | No | Yes |
Customer Support Offered
This comparison between SBI Securities, M.Stock, and Upstox reveals significant differences in their customer support offerings. SBI Securities provides Yes Customer Service, while M.Stock offers No and Upstox features No.
| Customer Support Offered | SBI Securities | M.Stock | Upstox |
|---|---|---|---|
| 24/7 Customer Service | Yes | No | No |
| Email Support | Yes | Yes | Yes |
| Online Live Chat | Yes | Yes | Yes |
| Phone Support | Yes | PMS Service | Yes |
| Toll Free Number | — | 1800 2100 818 | No |
| Through Branches | Yes | — | Yes |
| Customer Care Number | 02268545555 | 1800 2100 818 | 022-41792999 |
| Account Opening Process | Online/offline | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center / Education | — | https://www.mstock.com/mlearn | https://upstox.com/uplearn/ |
| Head Office Address | Marathon Futurex, B-wing, 12th Floor, Lower Parel East, Mumbai – 400013 | 1st Floor, Tower 4, Equinox Business Park, | 30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (W), Mumbai, Maharashtra 400013 |
| Website | https://www.sbisecurities.in/ | https://www.mstock.com/ | https://upstox.com/ |
Research and Reports
The research and reports comparison between SBI Securities, M.Stock, and Upstox reveals significant differences in their offerings.
| Research and Reports | SBI Securities | M.Stock | Upstox |
|---|---|---|---|
| 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 SBI Securities, M.Stock, and Upstox reveals significant differences in their demat account charges. SBI Securities provides CDSL & NSDL for DP Source, while M.Stock offers CDSL and Upstox features CDSL.
| Demat Account Charges | SBI Securities | M.Stock | Upstox |
|---|---|---|---|
| DP Source | CDSL & NSDL | CDSL | CDSL |
| DP ID | NSDL: IN300351, IN301397, IN301444, IN302531 | 12092900 | 81800 |
| Demat Account Annual Maintenance Charges (AMC) | — | ₹1,299 + GST for Lifetime | Rs 300 |
| Advance Deposit | No | No | No |
| Transaction Charges on Debit (Per ISIN) | — | — | — |
| Demat | Rs 5 per cert + Rs 35 courier charges per request | Zero | — |
| Remat | Rs 35 Per Request + CDSL Charges i.e. Rs 10 per 100 securities or part quantity | Zero | — |
| Pledge Creation | 0.02% of Value or Min Rs 25/- whichever is higher | Zero | ₹20 + GST per scrip |
| Pledge Creation Confirmation | 0.02% of Value or Min Rs 25/- whichever is higher | Yes | Yes |
| Pledge Closure | 0.02% of Value or Min Rs 25/- whichever is higher | ₹32 per day (+GST) | ₹20 + GST per scrip |
| Pledge Closure Confirmation | 0.02% of Value or Min Rs 25/- whichever is higher | Yes | Yes |
| Pledge Invocation | 0.02% of Value or Min Rs 25/- whichever is higher | ₹32 per day (+GST) | ₹20 + GST per scrip |
| Failed Instruction Charges | Rs 10 per failed instruction | Zero | ₹50 per transaction |
| Other Charges | — | Zero | No |
Advantages and Disadvantages
| Broker | Pros | Cons |
|---|---|---|
| SBI Securities |
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| M.Stock |
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| Upstox |
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Frequently Asked Questions
The account opening charges vary significantly: SBI Securities charges Not specified, M.Stock charges Zero, and Upstox charges Free. 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: SBI Securities offers Not specified for equity intraday, M.Stock provides ₹5 per order, and Upstox charges ₹20 or 0.1%. 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: SBI Securities offers 4, M.Stock provides 4.4, and Upstox features 4.5. The platforms support equity trading, derivatives, mutual funds, and other financial instruments suitable for different investor profiles.
Customer support quality varies: SBI Securities has 4 support, M.Stock offers 4.4, and Upstox 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: SBI Securities with 3.9, M.Stock with 4.5, and Upstox with 4.4. 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: SBI Securities (Yes), M.Stock (Yes), and Upstox (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: SBI Securities offers user-friendly platforms with educational resources, M.Stock provides competitive pricing with intuitive interfaces, and Upstox 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: SBI Securities focuses on intuitive design and quick execution, M.Stock emphasizes advanced charting and analysis tools, while Upstox balances simplicity with comprehensive features. The mobile apps are available for both iOS and Android devices with regular updates and feature enhancements.
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