Here’s a detailed comparison blog between Zerodha Kite and MStock, two of India’s top trading platforms in 2025.
Platform Overview
Zerodha Kite is the flagship trading app from Zerodha, celebrated for its blazing speed, advanced charting, and rich ecosystem integration.
MStock (by Mirae Asset) is engineered as a beginner-friendly, zero-brokerage app, emphasizing accessibility and smart trading tools.
Brokerage Charges
Feature | Zerodha Kite | MStock |
---|---|---|
Equity Delivery | ₹0 per order (statutory charges) | ₹0 per order |
Intraday/Derivatives | ₹20 per trade | ₹5 per order (after lifetime fee) |
Account Opening Fee | Approx. ₹200 | ₹999 (one-time lifetime brokerage) |
Other Fees | ₹20 for call & trade | Higher for bulk orders |
AMC (Demat) | ₹300 per year | ₹0 |
MStock stands out for charging zero brokerage on equity delivery and offering a nominal ₹5 per trade across intraday, F&O, and MTF after a one-time lifetime payment, while Zerodha remains consistent with ₹20 flat charges on trades but free delivery trades.
Trading Platform Features
Zerodha Kite
MStock
Pros & Cons
Zerodha Kite Pros:
Cons:
MStock Pros:
Cons:
Final Take
Choose Zerodha Kite if extensive charting, pro analytics, and speed matter. Opt for MStock if long-term investing, minimal costs, and simplicity are priorities.
Both apps are secure, user-friendly, and well-rated, but your choice should align with your trading style and cost sensitivity.
Universal search for stocks, F&O, IPOs, bonds.
Advanced charting (100+ indicators), Level 3 market depth, GTT orders, baskets, comprehensive risk alerts ("Nudge").
Free integration with Coin, Sensibull, Streak (algo trading), and GoldenPi.
Excellent for professional traders due to historical data and analytic depth.
In-app real-time notifications and advanced order types, like basket orders, cover order, AMO, and GTT.
Effortless IPO application, multi-account login, and price alerts.
Margin Trading Facility ("Pay Later") with instant funding up to 80%.
Zero AMC and educational resources for users, but with fewer advanced charting tools.
Free delivery trades, seamless integration with other fintech tools.
Bulk order execution, real-time market data, easy for beginners.
Multi-account login, direct IPO investment, margin facility.
Some platform issues, slower chart accuracy and fewer bulk modify/cancel options.