m.Stock vs Groww
Comparison of charges, features, and platform quality. Both m.Stock and Groww are popular choices, but they cater to slightly different types of investors. Let's see which platform offers better value for your trading style.
Our Verdict
Both m.Stock and Groww are top-rated Discount brokers.
m.Stock Wins on:
Best For IntradayBetter choice if you prioritize zero brokerage across all segments and need zero brokerage, lifetime free.
Groww Wins on:
Best For BeginnersBetter choice if you prioritize zero account opening & amc charges and need free amc, simple ui.
At a Glance Comparison
| Feature | | |
|---|---|---|
| Broker Type | Discount | Discount |
| Account Opening | ₹999 (One time) | ₹0 (Free) |
| AMC (Yearly) | ₹0 (Lifetime Free) | ₹0 (Free) |
| Equity Delivery | ₹0 | ₹20 or 0.05% |
| Intraday Tradng | ₹0 | ₹20 or 0.05% |
| Active Clients | 5 Lakhs+ | 50 Lakhs+ |
| Rating | 4.1 | 4.7 |
| Best For | Intraday, Options | Beginners, Mutual Funds |
| Pros |
|
|
| Cons |
|
|
Brokerage Charges Explained
m.Stock Fees
For equity delivery, ₹0 applies. If you trade Intraday, you pay ₹0 per order.
This makes it suitable for frequent traders.
Groww Fees
For equity delivery, ₹20 or 0.05% applies. If you trade Intraday, you pay ₹20 or 0.05% per order.
This makes it suitable for investors.
Trading Platform & App
m.Stockm.Stock's platform is known for being comprehensive. It is generally considered robust for advanced analysis.
GrowwGroww's platform focuses on research and data. Users find it extremely beginner friendly.
Choose m.Stock if:
- You are looking for the best platform for Intraday.
- You are looking for the best platform for Options.
- You prefer zero brokerage features.
Choose Groww if:
- You are looking for the best platform for Beginners.
- You are looking for the best platform for Mutual Funds.
- You prefer free amc features.
Pros & Cons Comparison
m.Stock
Advantages
- Zero Brokerage across all segments
- Lifetime free AMC plan
- Backed by Mirae Asset
Disadvantages
- High upfront account opening fee
- Platform glitches reported
Groww
Advantages
- Zero Account Opening & AMC Charges
- Extremely simple UI for beginners
- Fast account opening process
Disadvantages
- Charged for equity delivery (unlike Zerodha)
- Limited advanced trading features
- No commodity trading (initially)
