Head-to-Head Brokerage Showdown (2026)

m.Stock by Mirae Asset vs Shoonya by Finvasia

Detailed side-by-side comparison of brokerage rates, account maintenance fees, trading platforms, and user ratings to help you choose the winner for your trading style.

m

m.Stock by Mirae Asset

4.5 / 5.0
One-Time Zero Brokerage

Lifetime zero brokerage across Delivery, Intraday, and F&O with one-time ₹999 plan

S

Shoonya by Finvasia

4.4 / 5.0
100% Lifetime Zero Brokerage

India's true 100% zero brokerage broker across all segments with zero AMC forever

Side-by-Side Fee & Platform Matrix

Feature / Metricm.Stock by Mirae AssetShoonya by Finvasia
Categoryzero brokeragezero brokerage
Active NSE Clients11+ Lakhs (Rank #11)4+ Lakhs (Rank #10)
Account Opening Fee₹999 (Lifetime Zero Brokerage Plan) / ₹0 (Basic Plan)₹0 (100% Free)
Annual Maintenance Charges (AMC)₹999 (Lifetime Free AMC) or ₹120/quarter₹0 (Lifetime Zero AMC)
Equity Delivery Brokerage₹0 (Free Forever under ₹999 Plan)₹0 (Zero Brokerage Forever)
Equity Intraday Brokerage₹0 (Free Forever under ₹999 Plan)₹0 (Zero Brokerage Forever)
Equity Options Brokerage₹0 (Free Forever under ₹999 Plan)₹0 (Zero Brokerage Forever on all options)
CDSL DP Charges (Per Sell Debit)₹12.50 + GST per debit transaction₹13.50 + GST per ISIN
Margin Trading (MTF) Interest Rate7.99% to 9.99% p.a. (One of India's lowest MTF interest rates)Not Offered
Developer / Algorithmic APINot Publicly AvailableFree (Shoonya API with WebSocket feeds)
TradingView Chart Integration✓ Included✓ Included
NSE Complaint Ratio0.03%0.04%
#1

When Should You Choose m.Stock by Mirae Asset?

High-frequency traders and swing traders holding large MTF margin positions seeking 7.99% interest rates.

  • Lifetime Zero Brokerage across Delivery, Intraday, and F&O with one-time ₹999 payment
  • Lifetime Zero AMC with optional one-time ₹999 payment—never pay recurring annual fees
  • Lowest MTF (Margin Trading Facility) interest in India starting at an astonishing 7.99% p.a.
#2

When Should You Choose Shoonya by Finvasia?

Cost-conscious high-frequency intraday traders, options writers executing hundreds of lots, and zero-fee purists.

  • Absolute 100% Zero Brokerage across Delivery, Intraday, Futures, and Options—save ₹10,000s in fees every month
  • Zero account opening fee and Zero Demat AMC for a lifetime
  • Zero clearing fees and Zero auto-squareoff penalties

Dalal Street Brokerage & Tax Calculator

Simulate trades with live STT, SEBI, GST, Stamp Duty, and DP charges across top Indian stock brokers.

Net Realized P&L
+₹4756.64
Gross P&L: ₹5000.00
Total Brokerage & Taxes
₹243.36
Brokerage: ₹0.00 | Govt Taxes: ₹243.36
Breakeven Price
₹1002.43
Need +₹2.43/share to cover costs
STATUTORY CHARGES BREAKDOWNTotal Turnover: ₹2,05,000
Brokerage (Zerodha)₹0.00
STT / CTT (Securities Transaction Tax)₹205.00
Exchange Turnover Charge (NSE)₹6.09
GST (18% on Brokerage & Trans. Charges)₹1.13
SEBI Turnover Charges₹0.20
Stamp Duty₹15.00
CDSL DP Charges (Upon selling)₹15.93
Z
ZerodhaBenchmark of India

Zero Brokerage on Equity Delivery + Free Access to Coin & Varsity

Open Zerodha Demat Account

m.Stock by Mirae Asset vs Shoonya by Finvasia Community Poll & Discussions

Which one do you use as your primary broker? Share your real experience on Dalal Street.

Community Sentiment50% Bullish (0 opinions)
Bullish (0) Bearish (0)

Share Your Analysis

Your Call:

Community Posts (0)

Be the first to start the discussion on compare-m-stock-vs-shoonya!