The difference between the ₹999 and ₹149 plans for MStock lies in the brokerage benefits offered. The ₹999 plan provides zero brokerage across all segments, including Delivery, Intraday, F&O, Mutual Funds, and IPOs, making it a perfect choice for frequent traders who want to minimize costs on every trade. On the other hand, the ₹149 plan offers zero brokerage only on Delivery, Mutual Funds, and IPOs, while a brokerage fee of ₹20 per executed order applies to all other segments, such as Intraday and Derivatives. Both plans are subject to additional GST and Payment Gateway charges where applicable.

The GST and Payment Gateway fees are additional charges that apply to certain MStock plans. These fees are not part of the brokerage structure but are mandatory as per regulatory requirements and payment methods. The exact GST rate typically depends on the brokerage charges, which is around 18% on the brokerage fee, and the Payment Gateway fee may vary based on the payment method selected (like UPI, debit/credit card, etc.). These fees apply on top of your brokerage charges and are calculated at the time of the transaction. It’s important to review the specific fees for your chosen plan to ensure you’re aware of any additional costs.

Starting 30th December 2024, MStock will apply a ₹5 flat fee per executed order to the following segments:

1. Intraday Trades: For those who actively trade stocks within the same day.
2. Derivatives (F&O): Includes Futures and Options trades in the equity and commodity segments.
3. Pay Later (MTF): For trades using the margin trading facility.

This pricing change is designed to keep trading costs minimal while maintaining transparency and affordability.