m.Stock and 5Paisa are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. m.Stock is listed as a Private Discount Broker , established in 1997 and headquartered in Mumbai, while 5Paisa is listed as a Public Discount Broker , established in 2016 and headquartered in Mumbai.
This comparison reviews brokerage, Demat charges, product availability, platforms, features, support, ratings, and complaints. Use the side-by-side tables below to see whether m.Stock or 5Paisa is a better fit for your investment style, platform preference, and budget.
m.Stock is listed as a Private Discount Broker established in 1997 with headquarters in Mumbai and founded by Park Hyeon-Joo. The broker highlights access to equity delivery, equity intraday, equity futures, equity options, currency futures, currency options and mutual funds through mobile app access and web trading and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, stock tips and interactive charts. It follows a Zero Delivery Plan brokerage structure.
5Paisa is listed as a Public Discount Broker established in 2016 with headquarters in Mumbai and founded by Nirmal Jain. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures using mobile app access, web trading, desktop terminal access and algo trading support and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking. Its brokerage model is structured as Regular Account.
Both brokers use technology-driven platforms to attract active traders and investors, but the better option depends on the combination of pricing, products, services, and support that matters most to you.
m.Stock vs 5Paisa — A Comprehensive Company Overview
| Company Overview | m.Stock | 5Paisa |
|---|---|---|
| Company Type | Private | Public |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Mumbai | Mumbai |
| Founder | Park Hyeon-Joo | Nirmal Jain |
| Establishment Year | 1997 | 2016 |
| Brokerage Plan | Zero Delivery Plan | Regular Account |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for m.Stock and 5Paisa.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. m.Stock charges Free while 5Paisa charges Rs.20 per Trade.
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. m.Stock charges Rs. 5 per Trade while 5Paisa charges Rs.20 per Trade.
Equity futures: This charge applies to futures contracts on stocks and indices. m.Stock charges Rs. 5 per Trade while 5Paisa charges Rs.20 per Trade.
Equity options: This charge applies to equity option contracts. m.Stock charges Rs. 5 per Trade while 5Paisa charges Rs.20 per Trade.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. m.Stock charges N/A ; 5Paisa charges Rs.20 per Trade.
Commodity options: This charge applies to option contracts on commodity instruments. m.Stock charges N/A ; 5Paisa charges Rs.20 per Trade.
Currency futures: This charge allows participation in forex price movements on the exchange. m.Stock charges Rs. 5 per Trade while 5Paisa charges Rs.20 per Trade.
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. m.Stock charges Rs. 5 per Trade while 5Paisa charges Rs.20 per Trade.
m.Stock vs 5Paisa — Detailed Brokerage Comparison
| Brokerage | m.Stock | 5Paisa |
|---|---|---|
| Brokerage Plan | Zero Delivery Plan | Regular Account |
| Subscription Charges | Zero | Zero |
| Equity Delivery | Free | Rs.20 per Trade |
| Equity Intraday | Rs. 5 per Trade | Rs.20 per Trade |
| Equity Future | Rs. 5 per Trade | Rs.20 per Trade |
| Equity Option | Rs. 5 per Trade | Rs.20 per Trade |
| Commodity Future | NA | Rs.20 per Trade |
| Commodity Option | NA | Rs.20 per Trade |
| Currency Future | Rs. 5 per Trade | Rs.20 per Trade |
| Currency Option | Rs. 5 per Trade | Rs.20 per Trade |
m.Stock provides mobile app access and web trading for order placement, portfolio tracking, and market monitoring. 5Paisa provides mobile app access, web trading, desktop terminal access and algo trading support for its users.
Android app: m.Stock and 5Paisa both list an Android trading app.
iOS app: m.Stock and 5Paisa both list an iOS trading app.
Web trading platform: m.Stock and 5Paisa both list a web trading platform.
Desktop trading terminal: 5Paisa lists a desktop trading terminal, while m.Stock does not currently mention it.
Algo trading: 5Paisa lists algo trading support, while m.Stock does not currently mention it.
Basket trading: 5Paisa lists basket trading, while m.Stock does not currently mention it.
Foreign stocks platform: 5Paisa lists foreign stocks access, while m.Stock does not currently mention it.
Mutual fund platform: m.Stock and 5Paisa both list a mutual fund investment platform.
Digital gold platform: 5Paisa lists digital gold investing, while m.Stock does not currently mention it.
Bonds platform: 5Paisa lists a bonds investment platform, while m.Stock does not currently mention it.
m.Stock vs 5Paisa — Complete Comparison of Trading Platforms
| Trading Platform | m.Stock | 5Paisa |
|---|---|---|
| Android App | m.Stock Android App Link | 5Paisa Android App Link |
| iOS App | m.Stock iOS App Link | 5Paisa iOS App Link |
| Web Trading Platform | m.Stock Web Trading Link | 5Paisa Web Trading Link |
| Trading Terminal | NA | Available |
| Algo Trading Platform | NA | Available |
| Foreign Stocks Platform | NA | Available |
| Basket Trading Platform | NA | Available |
| Mutual Fund Platform | Available | Available |
| Digital Gold Platform | NA | Available |
| Bonds Platform | NA | Available |
m.Stock highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, stock tips and interactive charts, while 5Paisa promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking. The table below shows the full feature set for both brokers side by side.
Wishlist: Monitor specific stocks or assets by adding them to a watchlist for close tracking. Both m.Stock and 5Paisa offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both m.Stock and 5Paisa offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both m.Stock and 5Paisa offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both m.Stock and 5Paisa offer this feature.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. 5Paisa offers this; m.Stock does not currently highlight it.
Global indices: Real-time data on leading global stock market indices. 5Paisa offers this; m.Stock does not currently highlight it.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. m.Stock offers this; 5Paisa does not currently highlight it.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both m.Stock and 5Paisa offer this feature.
Live market: Live updates on market movements and trends. Both m.Stock and 5Paisa offer this feature.
Secure platform: A secure trading environment with next-generation security controls. Both m.Stock and 5Paisa offer this feature.
m.Stock vs 5Paisa — Comprehensive Comparison of Trading Features
| Trading Feature | m.Stock | 5Paisa |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | Yes | Yes |
| Research Reports | No | Yes |
| Global Indices | No | Yes |
| Customised Recommendations | No | No |
| Stock Tips | Yes | No |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | No | No |
| Robust & Secure Platform | Yes | Yes |
Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by m.Stock and 5Paisa.
Free account opening: 5Paisa lists free account opening, while m.Stock does not currently mention it.
Free AMC: Neither broker currently highlights free Demat AMC.
Free brokerage: m.Stock and 5Paisa both list free brokerage.
Flat brokerage: m.Stock and 5Paisa both list flat brokerage pricing.
Flexible brokerage plans: m.Stock and 5Paisa both list flexible brokerage plans.
Happy trading hours: Neither broker currently highlights happy trading hours.
Free delivery trading: m.Stock lists free delivery trading, while 5Paisa does not currently mention it.
Free intraday trading: m.Stock lists free intraday trading, while 5Paisa does not currently mention it.
Free F&O trading: m.Stock lists free F&O trading, while 5Paisa does not currently mention it.
Free research reports: m.Stock lists free research reports, while 5Paisa does not currently mention it.
Free trading calls: m.Stock lists free trading calls, while 5Paisa does not currently mention it.
Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.
Referral offers: m.Stock offers Upto Rs.500 per Client while 5Paisa offers 12.5% + Rs.100 Referral Credit per Client for referrals.
m.Stock vs 5Paisa — Comparison of Latest Offers
| Offer | m.Stock | 5Paisa |
|---|---|---|
| Free Account Opening | No | Yes |
| Free AMC | No | No |
| Free Brokerage | Yes, Limited | Yes, Limited |
| Flat Brokerage | Yes | Yes |
| Flexible Brokerage Plans | Yes | Yes |
| Happy Trading Hours | No | No |
| Free Delivery Trading | Yes | No |
| Free Intraday Trading | Yes, Limited | No |
| Free F&O Trading | Yes, Limited | No |
| Free Research Reports | Yes | No |
| Free Trading Calls | Yes | No |
| Referral Offers | Upto Rs.500 per Client | 12.5% + Rs.100 Referral Credit per Client |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | No | No |
| Zero Brokerage for Loss-Making Trades | No | No |
Product availability determines whether a broker can support your preferred markets. m.Stock highlights equity delivery, equity intraday, equity futures, equity options, currency futures, currency options and mutual funds, while 5Paisa highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures.
The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options, currency futures, currency options, mutual funds, commodity futures, commodity options, foreign stocks, corporate bonds, government bonds, digital gold and bonds.
m.Stock vs 5Paisa — Complete Comparison of Products
| Product | m.Stock | 5Paisa |
|---|---|---|
| Equity Delivery | Yes | Yes |
| Equity Intraday | Yes | Yes |
| Equity Option | Yes | Yes |
| Equity Future | Yes | Yes |
| Commodity Option | No | Yes |
| Commodity Future | No | Yes |
| Currency Option | Yes | Yes |
| Currency Future | Yes | Yes |
| Foreign Stocks | No | Yes |
| Mutual Funds | Yes | Yes |
| Banking | No | No |
| Insurance | No | No |
| Corporate Bonds | No | Yes |
| Government Bonds | No | Yes |
| Digital Gold | No | Yes |
Demat services: m.Stock and 5Paisa both list Demat services.
Trading services: m.Stock and 5Paisa both list trading services.
Intraday services: m.Stock and 5Paisa both list intraday trading services.
F&O services: m.Stock and 5Paisa both list F&O services.
IPO services: m.Stock and 5Paisa both list IPO services.
3-in-1 account: Neither broker currently highlights 3-in-1 account support.
Stock research: m.Stock lists stock research, while 5Paisa does not currently mention it.
Stock recommendations: m.Stock lists stock recommendations, while 5Paisa does not currently mention it.
Trading education: 5Paisa lists trading education, while m.Stock does not currently mention it.
Share pledging: m.Stock and 5Paisa both list share pledging.
PMS or PCG: Neither broker currently highlights PMS or PCG support.
NRI services: Neither broker currently highlights NRI services.
m.Stock provides Demat services, trading services, intraday trading, F&O trading, IPO access and stock research, while 5Paisa offers Demat services, trading services, intraday trading, F&O trading, IPO access and trading education.
m.Stock vs 5Paisa — In-Depth Comparison of Services
| Service | m.Stock | 5Paisa |
|---|---|---|
| Demat Services | Yes | Yes |
| Trading Services | Yes | Yes |
| Intraday Services | Yes | Yes |
| F&O Services | Yes | Yes |
| IPO Services | Yes | Yes |
| 3-in-1 Account | No | No |
| Stock Research | Yes | No |
| Stock Recommendations | Yes | No |
| Trading Education | No | Yes, FinSchool |
| Share Pledging | Yes | Yes |
| PMS or PCG | No | No |
| NRI Services | No | No |
Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from m.Stock and 5Paisa.
m.Stock and 5Paisa — Detailed Comparison of Advisory Services
| Advisory | m.Stock | 5Paisa |
|---|---|---|
| Fundamental Reports | No | No |
| Research Reports | No | No |
| Company Reports | No | No |
| Annual Reports | No | No |
| IPO Reports | No | No |
| Technical Reports | No | No |
| Stock Tips | Yes | No |
| Daily Top Stock Picks | Yes | No |
| Daily Market Review | Yes | No |
| Monthly Review | Yes | No |
| Weekly Review | Yes | No |
| Relationship Manager | No | No |
| Robo Advisory | No | No |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from m.Stock and 5Paisa across different segments.
m.Stock and 5Paisa — Comprehensive Comparison of Trading Exposure
| Exposure | m.Stock | 5Paisa |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Intraday | Upto 5x (Depends on Stocks) | Upto 5x (Depends on Stocks) |
| Equity F&O Carry Forward | 1x | 1x |
| Equity F&O Intraday | 1.3x | 1.3x |
| Commodity F&O Carry Forward | 1x | 1x |
| Commodity F&O Intraday | 1.3x | 1.3x |
| Currency F&O | 1x | 1x |
m.Stock and 5Paisa both list a sub-broker program. m.Stock and 5Paisa both list a partner program. m.Stock and 5Paisa both list a referral program.
m.Stock vs 5Paisa — Comparative Analysis of Programs
| Program | m.Stock | 5Paisa |
|---|---|---|
| Sub-Broker Program | Yes, Limited | Yes, Limited |
| Partner Program | Yes, Limited | Yes |
| Referral Program | Yes | Yes |
m.Stock provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. 5Paisa provides support through trading desk support, dedicated dealer assistance, call support, email support and website support.
m.Stock and 5Paisa — Comprehensive Comparison of Customer Support
| Support Channel | m.Stock | 5Paisa |
|---|---|---|
| Trading Support | Available, Chargeable | Available, Chargeable |
| Dedicated Dealer | Available, Chargeable | Available, Chargeable |
| Call Support | 1800-2100-818 | 8976689766 |
| Email Support | [email protected] | [email protected] |
| WhatsApp Support | NA | NA |
| Website Support | Website Link | Website Link |
| Facebook Support | Facebook Support Link | Facebook Support Link |
| Twitter / X Support | Twitter Support Link | Twitter Support Link |
| Telegram Support | — | Telegram Support Link |
| Branches / Offices | NA | NA |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. m.Stock carries an overall rating of 7.28/10, while 5Paisa carries an overall rating of 9.60 / 10.
m.Stock vs 5Paisa — Ratings Comparison
| Rating Parameter | m.Stock | 5Paisa |
|---|---|---|
| Overall Rating | 7.28/10 | 9.60 / 10 |
| Customer Support | 7.25/10 | 9.57 / 10 |
| Technology | 7.37/10 | 9.72 / 10 |
| Charges | 7.31/10 | 9.64 / 10 |
| Products & Services | 7.24/10 | 9.55 / 10 |
| Experience | 7.22/10 | 9.53 / 10 |
SEBI, BSE, and NSE regularly publish broker complaint data as part of investor protection oversight. The table below shows the complaint records for both brokers.
m.Stock & 5Paisa — Comparison of Customer Complaints
| Complaint Metric | m.Stock | 5Paisa |
|---|---|---|
| Total Complaints Lodged | 113 | 178 |
| Total Complaints Resolved | 101 | 145 |
| % of Resolved Complaints | 89.38% | 81.46% |
| Non-Actionable Complaints | 6 | 17 |
| % of Non-Actionable Complaints | 5.31% | 9.55% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for m.Stock and 5Paisa.
m.Stock vs 5Paisa — Detailed Comparison of Transaction Charges
| Transaction Charges | m.Stock | 5Paisa |
|---|---|---|
| Equity Delivery | 0.00325% (NSE) & 0.00375% (BSE) | NSE: 0.00297% | BSE: 0.00375% |
| Equity Intraday | 0.00325% (NSE) & 0.00375% (BSE) | NSE: 0.00297% | BSE: 0.00375% |
| Equity Future | 0.0019% (NSE & BSE) | NSE: 0.00173% | BSE: 0 |
| Equity Option | 0.05% (on premium) | NSE: 0.03503% | BSE: Sensex 50/Stock options 0.0050% | Sensex/Bankex options 0.0325% |
| Commodity Future | NA | Group A: 0.0021% | Group B: PEPPER - 0.00005% | KAPAS - 0.0026% | CASTORSEED - 0.0005% | RBDPMOLEIN - 0.001% |
| Commodity Option | NA | 0.0418% |
| Currency Future | 0.0009% (NSE) | NSE: 0.00035% | BSE: 0.00045% |
| Currency Option | 0.035% (NSE) | NSE: 0.0311% | BSE: 0.001% |
Pledge creation charges apply when traders borrow against their held securities. Pledge invocation charges apply if the pledged shares are sold due to a shortfall. Margin trading interest is the rate charged on borrowed funds.
m.Stock & 5Paisa — Comprehensive Comparison of Pledge Charges
| Pledge Charge | m.Stock | 5Paisa |
|---|---|---|
| Pledge Creation Charges | Rs.32 per Request | ₹20 + Applicable GST |
| Pledge Invocation Charges | Rs.32 per Request | ₹20 + Applicable GST |
| Margin Trading Interest | 0.05% per day | - |
Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.
m.Stock and 5Paisa — Detailed Comparison of Hidden / Other Charges
| Charge | m.Stock | 5Paisa |
|---|---|---|
| SEBI Turnover Charges | Rs.10/ Crore (All Segment) | 0.0001% |
| DP Charges | Rs.12 per Scrip on Sell | ₹20 + GST per scrip |
| GST | 18% on (Brokerage + SEBI + Transaction charges) | - |
| Account Closure Charges | Nil | - |
| Reactivation Charges | Nil | - |
| Dematerialisation Charges | Rs.150 per Certificate | - |
| Call & Trade Charges | Free | - |
m.Stock lists account opening charges of Rs.149 and Demat AMC of Rs.999. 5Paisa lists account opening charges of Free and Demat AMC of Rs.300 per Year.
m.Stock vs 5Paisa — Detailed Comparison of Demat Charges
| Demat Charges | m.Stock | 5Paisa |
|---|---|---|
| Account Opening Charges | Rs.149 | Free |
| Annual Maintenance Charges (AMC) | Rs.999 | Rs.300 per Year |
Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are government levies — the same for all brokers in India. These are shown below for reference.
m.Stock vs 5Paisa — Comparative Analysis of STT and CTT Charges
| STT & CTT | m.Stock | 5Paisa |
|---|---|---|
| Equity Delivery | 0.1% on buy & sell | 0.1% on both Buy & Sell sides |
| Equity Intraday | 0.025% on sell | 0.025% on the Sell side only |
| Equity Future | 0.0125% on sell | 0.01% on the Sell side |
| Equity Option | 0.0625% on sell (on premium) | 0.0625% on the Sell side (on Premium) |
| Commodity Future | 0.01% on sell (Non-Agri) | 0.01% on the Sell side |
| Commodity Option | 0.05% on sell | 0.05% on the Sell side |
| Currency Future | Nil | 0 |
| Currency Option | Nil | 0 |
Stamp duty is a government tax charged when the broker issues, sells, or transfers a security. It is collected at the end of each trading day.
m.Stock and 5Paisa — Comparison of Stamp Duty Charges
| Stamp Duty | m.Stock | 5Paisa |
|---|---|---|
| Equity Delivery | 0.015% on buy | 0.015% or ₹1500 / crore on buy-side |
| Equity Intraday | 0.003% on buy | 0.003% or ₹300 / crore on buy-side |
| Equity Future | 0.002% on buy | 0.002% or ₹200 / crore on buy-side |
| Equity Option | 0.003% on buy | 0.003% or ₹300 / crore on buy-side |
| Commodity Future | 0.002% on buy | 0.002% or ₹200 / crore on buy-side |
| Commodity Option | 0.003% on buy | 0.003% or ₹300 / crore on buy-side |
| Currency Future | 0.0001% on buy | 0.0001% or ₹10 / crore on buy-side |
| Currency Option | 0.0001% on buy | 0.0001% or ₹10 / crore on buy-side |