m.Stock Review – Brokerage, Demat Account, Trading Platforms

Launched in April 2022 by Mirae Asset Capital Markets (India) Pvt. Ltd., m.Stock is a platform that caters to retail investors with a full range of stockbroking services. Users can invest in equities, derivatives, ETFs, IPOs, and direct mutual funds. With an easy-to-use interface, the platform supports both new investors and active traders, processing over one crore trades daily.

Opening an m.Stock Demat and Trading Account comes with no account opening fee. Investors enjoy zero brokerage on Equity Delivery, Mutual Funds, and IPOs, while F&O, Intraday, and MTF transactions are charged a simple flat fee of ₹5 per order, keeping costs transparent and lower than many competitors.

m.Stock Products & Services:

• Equities
• Futures & Options
• Pay Later (MTF)
• Pledge Shares
• IPOs
• Exchange Traded Funds (ETFs)
• Mutual Funds
• Trading APIs

Why choose m.Stock?

Because trading ought to be easy, cheap, and effective.

• Keep more of your profits with no broking fees for IPOs, mutual funds, and equities delivery.
• Intraday and F&O trade fees are extremely minimal, at just ₹5 per order.
• One of the lowest rates in the business is 6.99% p.a. for Pay Later (MTF) funding.
• Pledge shares offer an 87.50% margin with no pledge creation fees.
• Limitless holding duration for both pledged shares and MTFs
• Completely upfront pricing with no AMC, no hidden costs, and no-account starting charges
• Cutting-edge tools and technologies designed for all traders, from novices to experts
• Supported by the reputable Mirae Asset brand, which has decades of experience in finance.

m.Stock Account Opening

The first and most important step in using a discount broker’s services is to open a Demat account with m.Stock. The process of opening an account with m.Stock is quick and simple. It only takes a few minutes of your time because all you have to do is confirm the information you have provided and pay the appropriate amount. However, it is necessary for you to understand the procedure of opening a Demat account and applicable charges before proceeding further.

m.Stock Account Opening Process:

m.Stock allows you to open a 2-in-1 account Demat and Trading account in just a few minutes. Following is the m.Stock account opening process:

1. Click on “Open an Account” on m.Stock Mobile App or Web Platform
2. Enter the mobile number and verify through OTP
3. Enter your Email Address and verify through OTP
4. Add the PAN Number and DOB.
5. Take a selfie and click on Capture
6. Signature
7. Add your bank details IFSC, Bank account number,
8. The Bank account is linked to your trading account
9. Add the personal details
10. Add a Nominee
11. The equity segment is activated by default, if you want you can activate the Future and Options segment.
12. Complete KYC using Digilocker
13. Esign using Adhaar via NSDL

To watch the m.Stock account opening video, click here

m.Stock Brokerage and Other Charges

m.Stock allows investors to trade Equity Delivery at no brokerage cost. For Intraday, Futures, Options, MTF, and segments like Buy Back, OFS, Tender Offer, or Delisting, the platform charges a simple flat rate of ₹5 per executed order. The list of account charges is given below.

Features	m.Stock Account
Account Opening Charges	Zero
Demat Account AMC	Zero
Equity Delivery	Zero brokerage
Intraday	₹5 per order brokerage
Futures	₹5 per order brokerage
Options	₹5 per order brokerage
Pay Later (MTF) orders	₹5 per order brokerage
Mutual Funds (Direct Plan)	Zero Commission
Brokerage on Buy Back/OFS/Tender Offer/Delisting	₹5
IPO	Free
Currency	₹5

Other Applicable Charges

Type	Details
Payment Gateway Charges for Margin	UPI & Smart Pay Transactions are Free and in case of Net banking, charges will vary between ₹7 – ₹11 + GST depending on the bank selection.
Operating Charges	₹219+GST per quarter
Account Modification Charges	Free
RMS Square off Charges	₹100 per Executed Order + GST
Delayed Payment Charges	Interest is levied at 0.0493%/day on the debit balance in your trading account
Physical Document Charges, including Contract Note	₹100 per Document Request + ₹100 Courier Charges

m.Stock Transaction Charges

mStock offers Zero Brokerage on Equity Delivery, Mutual Funds, IPOs and ₹5 for all other segments.

Charges	Equity Delivery	Equity intraday	Futures	Options
Call & Trade Charges	Zero	Zero	Zero	Zero
STT/CTT	0.1% on buy & sell	0.025% on the sell side	0.02%% on sell-side	0.125% of the intrinsic value on options that are bought and exercised 0.1% on sell side (on premium)
Transaction charges	NSE: 0.00297% BSE: 0.00375%	NSE: 0.00297% BSE: 0.00375%	NSE: 0.00173% BSE: 0.0325%	NSE: 0.03503% (on premium) BSE: 0.0325% (on premium)
GST	18% on (Brokerage + transaction charges + SEBI charges)	18% on (Brokerage + transaction charges + SEBI charges)	18% on (Brokerage + transaction charges + SEBI charges)	18% on (Brokerage + transaction charges + SEBI charges)
SEBI charges	₹10 / crore	₹10 / crore	₹10 / crore	₹10 / crore
Stamp charges	0.015% or ₹1500 / crore on buy-side	0.003% or ₹300 / crore on buy-side	0.002% or ₹200 / crore on buy-side	0.003% or ₹300 / crore on buy-side

m.Stock Demat Account Charges:

m.Stock Demat account opening charges are ₹0.

ID	Transaction	Demat Charges
1	Demat Account opening charges	Cost = No fees Zero brokerage on Delivery, Mutual Funds & IPOs. ₹5 brokerage on Intraday, F&O, Pay Later (MTF), Currency etc. ^Plus applicable charges
2	Dematerialisation Charges	₹0
3	Rematerialisation Charges	₹0
4	Physical Client Master Report Charges	NA
5	Courier Charges for Demat/Remat/Demat Rejn./CMR/DIS/ Any Periodic /Adhoc Statement	₹100
6	Pledge Shares – Pledge creation & closure charges	₹0
7	Unpledge/Closure/Invocation/Repledge Request for MTF orders and Pledge share facility	₹32 + GST per PSN (Pledge Sequence Number)
8	Periodic/Adhoc Statement	₹100 per request + ₹100 per courier
9	Failed/Rejected Instruction Charges	₹0

Major Offerings of m.Stock Mobile App

• Downloads: 1 crore+ | User Rating: 4.1/5 | Reviews: 74,000+
• Free Trading APIs: Enables fast, scalable trading with brokerage from ₹5 per order
• Options Strategy Builder: Access 30+ ready-made strategies or design your own, and place multi-leg orders seamlessly
• Research Calls: Get expert insights across Equity, Futures, and Options
• Watchlist PRO: Execute trades instantly with 1-click directly from your watchlist
• Smart Order Form: Simplified buy/sell with automated price and quantity tabs
• Chart-Based Trading: Place orders directly from real-time charts
• Advanced Orders: Includes GTT, Basket Orders, AMO, Stop-loss, and more

m.Stock Margin Trading

For investors who want to leverage their portfolio with little initial investment, m.Stock’s Pay Later (MTF) option, which is available on more than 900 approved equities, provides an affordable option. With m.Stock’s Margin Trading Facility, Pay Later (MTF), you can purchase stocks with as little as 20% of your initial investment. m. Stock finances up to 80% of the stock value, which enables you to make larger investments with less capital.

Let’s see the key features of m.Stock Margin Trading Facility – Pay Later (MTF).

Key Features of m.Stock Pay Later (MTF):

• Interest Rates: Funding available with rates starting at 6.99% p.a. (0.019% per day above ₹5 crore, 0.027% per day between ₹25 lakh–₹5 crore, 0.041% per day up to ₹25 lakh).
• Holding Period: No set limit on the duration of holding.
• Funding Limit: Up to 80% of stock value can be funded, subject to eligibility.
• Stock Coverage: Access to more than 900 approved stocks under MTF.
• Pre-Pledge Facility: Enables faster transactions and may help optimise interest costs.
• No Subscription Fee: No separate subscription charges applicable.

m.Stock MTF Charges:

Funding Value	Interest Rate
Above ₹ 5 crore	0.019% per day
₹25 lakh to ₹5 crore	0.027% per day
Up to ₹25 lakh	0.041% per day

1. Pledge and Unpledge Charges: Charges for pledge creation and unpledging your shares are ₹32 per request.
2. Subscription charges: Pay Later (MTF) facility is included for free with your m.Stock Demat account.
3. Brokerage: ₹5 per executed order

m.Stock Refer and Earn:

The process of ‘Refer and Earn’ with m.Stock is:

• Open an m.Stock account.
• Refer friends and loved ones to m.Stock
• Your referred friend opens a free demat account.
• A referral reward of ₹151 will be credited to your m.Stock ledger within 48 hours

The referrer must simply share the referral link or enter their friend’s details in the ‘Refer & Earn’ section on the m.Stock web/trading app.

m.Stock Customer Care

Customer support is an important aspect when assessing a stockbroker, as users may face issues while using the services. How these concerns are resolved reflects the broker’s approach to client service.

m.Stock provides customer assistance through a toll-free number and email support. A live chat option is not currently available. Users can choose from three support modes, and calls to the toll-free number are generally connected to a representative within a few minutes.

Toll-free Customer Care No. – 1800 2100 818
Email – help@mstock.com

How is m.Stock for beginners and seasoned investors?

According to stock trading experts, m.Stock is a perfect choice for both new as well as experienced traders and investors.

For New Investors

Because of its clever yet straightforward user interface, m.Stock is the most popular stock trading partner among novice stock market traders and investors. Advanced features like voice search, one-click order placing, and pre-made index baskets are really fantastic for novices to the market.

In addition, m.Stock mobile app and web portals come with high levels of scalability and reliability, simple interface, and bank-grade security that make it a winning option for both novice and experienced traders.

For Seasoned Investors and Traders

m.Stock offers low brokerage that includes key trading features supported by fast and reliable technology. Traders and investors get access to advanced charts, fundamental and technical data, multiple order types, historical market information, seven pre-built watchlists, and a unified portfolio view, making the overall trading experience more seamless.

Conclusion

Despite the recent launch of m.Stock, the discount Stock broker make a prominent position of itself among stock traders and investors. This is because of the attractive and aggressive brokerage strategy of the discount broker combined with excellent customer care.

Experts think that it may take some time for investors to show complete reliability of this new discount broker. This m.Stock broker review is intended to help traders and investors in deciding whether they should associate with m.Stock for their stock trading needs.

FAQs – m.Stock Review