M Stock vs Groww: Which is the Better One?
In this post, I’m going to compare M Stock and Groww.
So if you’re looking for a deep comparison of these two popular Brokerages, you’ve come to the right place.
In today’s post, I’m going to compare M Stock vs Groww in terms of:
- Overview
- Trading Platform
- Account Opening and Maintenance charges
- Brokerage Charges
- Pros and Cons
Let’s dive right in.
Summary of M Stock vs Groww
| M Stock | Groww | |
|---|---|---|
| Type | Discount Broker | Discount Broker |
| Year Founded | 2022 | 2017 |
| Headquarters | Mumbai, India | Bangalore, India |
| Overall Rating | 3.2 out of 5 | 4 out of 5 |
| Brokerage Charges for Equity Intraday, F&O, Commodity and Currency | Zero brokerage for all Segments | Lower of Rs 20 or 0.05% per executed trade |
| Maximum Brokerage per Executable Order | Yes | Rs 20 |
| Zero Brokerage on Equity Delivery Trading | Yes | No |
| Presence in Branches | No branches | No branches |
| Mobile Trading App | Available | Available |
| Number of Features | N/A | 20+ |
| Ranking | 14th | 9th |
Overview of M.Stock and Groww
If you’re looking to Invest in the stock market, you might have come across two popular trading platforms – M Stock and Groww. Both are SEBI registered and offer a range of services to help you invest in stocks, mutual funds, and more.
M Stock is a trading platform that offers a desktop trading platform, an Android app, and an iOS app. It is known for its user-friendly interface and low-complaint rate. According to data, out of a total of 9756 customers, only 4 have filed a complaint, and of those 4, 3 have been resolved, demonstrating that the broker does not get many complaints and, when it does, treats them seriously, therefore fostering customer confidence.
On the other hand, Groww is a fast-growing trading and investing platform offering both a web and mobile platform. It is also one of the highest-rated apps (4.6+) in the Google Play Store and App Store. Groww offers access to over 5000 direct mutual funds and is secured by 128-bit encryption. The application is easy to understand and uses a candlestick chart to follow the stock movement.
When it comes to usability, both M Stock and Groww offer a user-friendly platform that is easy to navigate. M Stock offers a desktop trading platform, which is great for those who prefer to trade on their computer. Groww, on the other hand, offers both a web and mobile trading platform, making it easy for you to invest on the go.
Overall, both M Stock and Groww are great trading platforms that offer a range of services to help you invest in the stock market. While M Stock has a low-complaint rate, Groww is known for its high rating and user-friendly app. You can choose the best platform depending on your investment needs and preferences.
Trading and Investment Options
When it comes to trading and investment options, m.Stock and Groww both offer a variety of options for their users. Let’s take a closer look at what each platform has to offer.
Trading Options
Both m.Stock and Groww offer trading options for stocks, equity, futures, options, currency, commodities, and more. In addition, both platforms allow users to trade in IPOs, ETFs, and bonds.
Equity Trading
Both platforms offer equity delivery, Intraday Trading, and futures options for equity trading. However, m.Stock also offers equity options for its users.
Futures and Options
Both platforms offer futures and options trading for various entities, including equity, currency, and commodities. However, m.Stock also offers currency options trading.
Direct Mutual Funds
Groww is known for its direct mutual fund offerings, which allow users to invest in mutual funds directly without the need for a broker. m.Stock also offers mutual fund investments, but it requires a broker.
Pre-Designed Index Baskets and Index Baskets
Both platforms offer pre-designed index baskets and index baskets for users to invest in.
Overall, both m.Stock and Groww offer their users a wide range of trading and investment options. Whether you’re interested in equity trading, futures, options, or direct mutual funds, both platforms have something to offer.
Account Opening Process
Opening a Demat account with Groww or M Stock is a straightforward process that can be done completely online. Here’s what you need to know:
| Broker | Account Opening | Maintenance Charges |
|---|---|---|
| Groww | Free | Zero maintenance charge |
| M Stock | Free | Zero maintenance charge |
Both Groww and M Stock offer free account openings for Trading and demat accounts. Additionally, there are no maintenance charges for both brokers, which is great news for investors who want to minimize their expenses.
To open a Demat account with Groww, you need to provide your PAN card, Aadhaar card, and bank account details. The account opening process is quick and easy; you can complete it in just a few minutes. Once your account is opened, you can start trading and investing in stocks, mutual funds, and more.
M Stock also requires you to provide your Documents details like PAN card, Aadhaar card, and bank account details to open an account. The account opening process is similar to Groww and can be completed online. Once your account is opened, you can start trading and investing in stocks, mutual funds, and more.
Trading Account, Demat Account, and 2-in-1 Account
Groww and M Stock offer both trading and Demat accounts. A trading account is used to buy and sell stocks, while a Demat account is used to hold your stocks and other securities in electronic form.
Groww and M Stock do not offer a 3-in-1 account, which means that you will need to link your trading account with a separate bank account for transactions.
M Stock vs Groww Account Opening Charges
Both Groww and M Stock offer free account opening, which means that you do not need to pay any fees to open an account with either broker.
In conclusion, opening a Demat account with Groww or M Stock is a simple and hassle-free process. Both brokers offer free account opening and zero maintenance charges, making them a great choice for investors who want to keep their expenses low.
M Stock vs Groww Brokerage and Charges
When it comes to investing in the stock market, brokerage and charges are a crucial aspect to consider. This section will compare the brokerage and charges of M stock and Groww.
To make it easier for you to understand, we have created a table comparing the brokerage and charges of M stock and Groww.
| Brokerage and Charges | M Stock | Groww |
|---|---|---|
| Brokerage | Flat Rs. 20 per executed order | Zero Brokerage |
| Brokerage Calculator | Available | Available |
| Discount Broker | Yes | Yes |
| Call & Trade Charges | Rs. 20 per order | Rs. 20 per order |
| Auto Square Off Charges | Rs. 20 per order | Rs. 20 per order |
| Minimum Brokerage | None | None |
| Hidden Charges | None | None |
| SEBI Charges | Rs. 15 per crore | Rs. 15 per crore |
| Stamp Charges | As per state | As per state |
| GST | 18% on brokerage | 18% on brokerage |
| AMC | Rs. 300 per year | None |
| AMC Charges | None | None |
As you can see, both M Stock and Groww are discount brokers, which means that they offer lower brokerage charges than traditional brokers. However, M Stock charges a flat rate of Rs. 20 per executed order, while Groww charges Rs. 20 per executed ord
It’s important to note that both M Stock and Groww offer a brokerage calculator, which can help you calculate the exact brokerage charges for your trades. Additionally, both brokers charge a call & trade fee and an auto square off fee of Rs. 20 per order.
When it comes to additional charges, both brokers have no hidden charges or minimum brokerage requirements. However, M Stock charges an annual maintenance charge (AMC) of Rs. 300, while Groww has no AMC charges.
In terms of government charges, both brokers charge the same SEBI fee of Rs. 15 per crore and state-specific stamp charges. Both brokers also charge 18% GST on brokerage charges.
While M Stock may be a better option for those who prefer a flat brokerage rate, Groww’s zero brokerage offering is great for those who want to save on brokerage charges.
M Stock vs Groww Trading Platforms and Usability
When it comes to trading platforms, M Stock and Groww have their own unique offerings. M Stock provides its users a web-based trading platform and a mobile app for Android and iOS devices. On the other hand, Groww offers a mobile app available for Android and iOS devices.
M Stock’s trading platform is known as eMargin, and it offers a range of features such as real-time updates, voice search, and more. The platform is user-friendly and easy to navigate. It also offers a desktop trading platform, M Trade Pro, designed for advanced traders who require more advanced tools and features.
Groww’s mobile app is known for its simplicity and ease of use. The app is user-friendly and offers a range of features such as real-time updates, investment in mutual funds, and more. The platform is designed for Beginners and new investor who are looking for a simple and easy-to-use platform.
Both M Stock and Groww offer a range of features that make their trading platforms user-friendly and easy to use. M Stock’s eMargin platform offers a range of tools and features that are designed for advanced traders, while Groww’s mobile app is designed for beginners and new investors.
In terms of usability, both M Stock and Groww offer a range of features that make their platforms easy to use. M Stock’s eMargin platform is user-friendly and easy to navigate, while Groww’s mobile app is simple and easy to use.
Overall, both M Stock and Groww offer trading platforms that are user-friendly and easy to use. Whether you are an advanced trader or a beginner, both platforms offer a range of features that make investing in the stock market easy.
Customer Service and Support
When it comes to choosing between M stock and Groww, customer service and support are crucial factors to consider. Both platforms have a reputation for excellent customer service, but there are some differences to keep in mind.
M stock Customer Service
M stock prides itself on providing top-notch customer service to its users. They offer a dedicated customer support team that is available 24/7 to answer your queries and resolve any issues you may face. You can reach out to M stock customer support via phone, email, or live chat. They also have a comprehensive knowledge base on their M.Stock Website that covers a wide range of topics, from account opening to trading strategies.
Groww Customer Service
Groww also offers excellent customer service to its users. They have a dedicated customer support team that is available from 9 am to 6 pm on weekdays. You can reach out to them via phone, email, or chat. They also have a comprehensive knowledge base on their Groww website that covers a wide range of topics related to investing and trading.
Bank Details
Both M stock and Groww have tie-ups with some of India’s leading banks to facilitate smooth transactions. M stock has tie-ups with HDFC Bank, ICICI Bank, and Axis Bank, while Groww has tie-ups with IDFC First Bank, HDFC Bank, and Axis Bank.
Advisory Services
M stock offers advisory services to its users. They have a team of experienced analysts who provide research-backed investment advice to help users make informed investment decisions. Groww, on the other hand, does not offer advisory services.
Investment Advice
Both M Stock and Groww offer investment advice to their users. M Stock has a team of experienced analysts who provide research-backed investment advice to help users make informed investment decisions. Groww, on the other hand, has a feature called “SmartSave” that helps users invest in liquid funds to earn higher returns than traditional savings accounts.
Overall, both M stock and Groww offer excellent customer service and support. However, M stock is the better option if you are looking for advisory services. On the other hand, if you are looking for a platform that offers a simple and user-friendly interface, Groww is a great choice.
Security and Compliance
When it comes to investing, security, and compliance are two of the most important factors to consider. In this section, we’ll take a look at how M Stock and Groww stack up in terms of security and compliance.
First, it’s important to note that M Stock and Groww are registered with SEBI, the Securities and Exchange Board of India. This means that both companies are authorized to offer investment services in India and are subject to SEBI’s regulations and oversight.
In terms of security, both M Stock and Groww take the safety of their users’ data and investments seriously. M Stock uses bank-grade security measures to protect all user data and transactions. This includes 256-bit encryption, multi-factor authentication, and regular security audits.
Groww, on the other hand, stores all personal information entered on the platform using 256-bit encryption. In the event that Groww discontinues business, your holdings and account will be held safely with Apex. You might not be able to trade further till a broker is allocated, but investors holdings will remain untouched. If the custodian discontinues business, you can avail of the SIPC insurance of $500,000.
M Stock and Groww also have strict compliance policies to ensure that all transactions are legal and above board. M Stock has a dedicated compliance team that monitors all transactions and ensures that they comply with SEBI regulations. Groww is a popular SEBI registered investment adviser.
Overall, both M Stock and Groww are committed to providing their users with a secure and compliant investment experience. Whether you choose M Stock or Groww, you can rest assured that your investments are in good hands.
M Stock vs Groww Comparative Analysis
When it comes to choosing a stockbroker, you want to make sure you’re picking the one that’s right for you. In this section, we’ll compare M Stock and Groww to help you make an informed decision.
Differences
One of the main differences between M Stock and Groww is their fee structure. M Stock charges a flat brokerage fee, while Groww offers commission-free investing. Additionally, M Stock offers a margin trading facility, which Groww does not.
Another difference is the number of investment options available. M Stock offers a wider range of investment options, including commodities and currency trading. Groww, on the other hand, focuses mainly on mutual funds and stocks.
Rating
When it comes to customer satisfaction, both M Stock and Groww have a good reputation. M Stock has a 4.4-star rating on Google Play, while Groww has a 4.3-star rating. However, it’s important to note that M Stock has a higher number of reviews.
M Stock
M Stock is a popular choice for experienced traders who are looking for advanced trading tools and a wider range of investment options. The platform is user-friendly, and the customer service is responsive. Additionally, M Stock offers a margin trading facility, which can be useful for experienced traders.
Groww
Groww is a commission-free platform that is perfect for beginners who are just starting to invest. The platform is easy to use, and the customer service is excellent. Additionally, Groww offers a wide range of mutual funds and stocks, making it a great choice for those who are looking to invest in a diversified portfolio.
In conclusion, M Stock and Groww have pros and cons; the right choice will depend on your needs and preferences. If you’re an experienced trader looking for advanced trading tools and a wider range of investment options, M Stock may be the right choice. However, if you’re a beginner who is just starting to invest and looking for a commission-free platform with a wide range of mutual funds and stocks, Groww may be the better option.
Pros and Cons
When comparing M Stock and Groww, it’s important to consider the pros and cons of each platform. Here are some key factors to keep in mind:
Pros of M Stock
- Zero account opening fee: M Stock charges no fee to open an account, making it an affordable option for those just starting out with investing.
- Free equity delivery: If you pay a subscription fee of 149 rupees, you’ll get free equity delivery, and other brokerages will be 20 rupees per executed order.
- Easy to use: M Stock’s app is user-friendly and easy to navigate, making it a great option for beginners.
Cons of M Stock
- Limited investment options: M Stock only offers equity, F&O, and currency investments. If you’re looking to invest in commodities, you’ll need to look elsewhere.
- No research tools: M Stock does not provide any research tools or analysis, so investors will need to do their own research before making investment decisions.
- Limited customer service: While M Stock’s customer service is easy to reach, they do not offer 24/7 support.
Pros of Groww
- Easy to use: Groww’s app is user-friendly and easy to navigate, making it a great option for beginners.
- Offers investment in mutual funds: Groww offers investment in mutual funds, which can be a great way to diversify your portfolio.
- Provides research tools: Groww provides research tools and analysis, making it easier for investors to make informed decisions.
Cons of Groww
- Limited investment options: Groww only offers equity, F&O, and currency investments. If you’re looking to invest in commodities, you’ll need to look elsewhere.
- Limited customer service: Groww’s customer service can sometimes be difficult to reach, and they do not offer 24/7 support.
- High fees for small investments: Groww’s fees can be high for small investments, making it less attractive for those just starting out with investing.
Overall, both M Stock and Groww have pros and cons, and the right platform for you depends on your investment goals and preferences.
Conclusion
When it comes to choosing between M Stock and Groww, it ultimately depends on your personal preferences and investment goals.
If you are looking for a brokerage with a low complaint rate and nominal brokerage charges, then M Stock may be a good option for you. However, keep in mind that M Stock charges RMS square-off-charges for open intraday positions and exchange-defined penalty if you are unable to deliver a stock not in Demat and it goes for auction.
On the other hand, if you are looking for a popular, SEBI registered Investment adviser with a user-friendly app and a wide range of investment options, then Groww may be a better choice for you.
Both M Stock and Groww have their own benefits and drawbacks. It is important to weigh them against your investment needs and preferences before making a decision.
No matter which brokerage you choose, always remember to do your own research and invest wisely. Happy investing!
Frequently Asked Questions M Stock vs Groww
Which is a better investment platform, M stock or Groww?
Deciding which platform is better depends on your investment goals and preferences. Both M stock and Groww offer a range of investment options, including stocks, mutual funds, and exchange-traded funds (ETFs). M stock is a more traditional platform, while Groww is a newer app-based platform. Ultimately, the best platform for you will depend on your individual needs.
What are the differences between M stock and Groww?
M stock and Groww differ in several ways. M stock is a more established platform that offers a wider range of investment options, including bonds, options, and futures. Groww, on the other hand, is a newer platform that is more focused on providing a user-friendly experience for beginner investors. Groww also offers commission-free investing, while M stock charges fees for some transactions.
Is it cheaper to trade with M stock or Groww?
Groww offers commission-free investing, while M stock charges fees for some transactions. However, M stock also offers a wider range of investment options, which may be worth the additional fees for some investors.
Which platform offers better customer service, M stock or Groww?
Both M stock and Groww offer customer service through phone, email, and chat support. However, Groww has a reputation for providing excellent customer service and a user-friendly experience.
Are there any unique features that set M stock apart from Groww?
M stock offers a wider range of investment options, including bonds, options, and futures. M stock also offers research and educational resources for investors. Groww, on the other hand, is more focused on providing a user-friendly experience for beginner investors and offers commission-free investing.
Which platform has a better track record for investment performance, M stock or Groww?
It’s difficult to compare the investment performance of M stock and Groww, as it depends on the individual investments made by each user. However, both platforms offer a range of investment options and tools to help users make informed investment decisions.
