m.Stock is a zero brokerage trading platform offered by Mirae Asset India. It offers a wide range of features and benefits, including:
In addition to these benefits, M stock also offers a zero brokerage Demat account, which is an essential tool for any investor. A Demat account allows you to hold shares and other securities electronically, which is more secure and convenient than holding them in paper form.
m.Stock charges zero brokerage on Options trading if you opt for their Zero Brokerage plan. Additionally, you also enjoy zero brokerage on equity delivery, intraday, futures, currency, Margin Trading Facility (eMargin), mutual funds, IPOs, ETFs and all other investment products. If you opt for the Rs 49 plan, you pay Rs 20 brokerage on options, futures, intraday, MTF (eMargin) and currency trades.
The documents required to open a m.Stock account are as follows:
Proof of Identity:
Proof of Address:
Proof of Income:
Bank Proof:
In addition to these documents, you will also need to provide a signature and photograph.
Please note that the specific documents required may vary depending on your individual circumstances. You can find more information on the m.Stock website.
While m.Stock is categorised as a discount broker, they are different from regular discount brokers since they charge zero brokerage across products for life. This is in contrast to the ?20 brokerage charged by regular discount brokers.
In addition to their Zero Brokerage for life plan, m.Stock also has a lifetime free AMC plan where investors pay an additional Rs 999 and enjoy zero AMC for life. In case investors do not opt for this plan, standard AMC of Rs 120 per quarter is applicable.
m.Stock has two account opening plans – Zero Brokerage for life plan and Rs 149 plan. In the Zero Brokerage for life plan, available at a one-time fee of Rs 999, investors enjoy zero brokerage for life across all products – Equity, Delivery, Futures, Options, Currency, Margin Trading Facility (eMargin), Mutual Funds, IPOs, and every other investment product.
In the basic ‘Rs 149 plan’ only equity delivery, mutual funds, IPOs, and ETFs are free. Brokerage of Rs 20 per order is applicable on all other products like equity intraday, futures and options, currency etc.
According to the m.Stock client handbook, payout requests from your demat account to your bank account should be processed within 24 hours. This means that you should receive the funds in your bank account within one business day of submitting your request. However, there may be some circumstances that could delay the processing of your request, such as high trading volumes or technical difficulties. In these cases, it may take up to 2-3 business days for your funds to reach your bank account.
Opening a Demat account with m.Stock is easy, paperless, and takes less than 5 minutes. Follow the below steps to open m.Stock Demat account:
There are two exchanges in the commodity market, the Multi-Commodity Exchange (MCX) and the National Commodity and Derivatives Exchange of India (NCDEX). You have to enable the segment in your m.Stock account to invest in commodities.
Yes, m.Stock is registered with the Securities and Exchange Board of India (SEBI).
m.Stock is a user-friendly and feature-rich trading app that offers a variety of benefits for both beginners and experienced traders. Here are some of the pros and cons of using m.Stock:
Pros:
Cons:
Overall, m.Stock is a good option for investors who are looking for a discount brokerage firm with zero brokerage and other competitive features. It is also a good choice for beginners who are looking for an easy-to-use platform with educational resources. However, more experienced traders may prefer platforms with more advanced research tools.
Here are some additional things to consider when deciding whether or not m.Stock is right for you:
m.Stock charges zero brokerage across products for life if you opt for their Zero Brokerage plan, available at a one-time fee of Rs 999. This means you pay zero brokerage on equity delivery, intraday, futures and options, currency, Margin Trading Facility (eMargin), mutual funds, IPOs, ETFs and all other investment products.
If you opt for their basic Rs 149 plan, delivery, mutual funds, IPOs, and ETFs are free. For intraday, futures & options, and currency trades, a flat brokerage of Rs 20 per order is applicable.
Trading is free for life with m.Stock across all products like intraday, delivery, futures and options, currency, Margin Trading Facility (eMargin), mutual funds, IPOs, ETFs etc. under the Zero Brokerage plan.
If you opt for the ?149 plan, trading in delivery, mutual funds, IPOs and ETFs is free. For trading in intraday, futures & options, and currency, a flat brokerage of ?20 per order is payable.
Yes, m.Stock offers zero brokerage for life on equity delivery, equity intraday, futures, and options trading. However, there is a one-time fee of Rs.999 to open an account. After that, you can trade without paying any brokerage charges.
In addition to zero brokerage, m.Stock also offers other features, such as:
Overall, m.Stock is a good option for investors who are looking for a discount brokerage firm with zero brokerage and other competitive features.
Yes, you can apply for IPO with m.Stock. The process is 100% paperless, quick, and seamless. The steps to invest in IPO with m.Stock are as follows:
That’s it! Investing in IPOs is this easy with m.Stock.
Three things make m.Stock a great trading platform:
Select understands market trends and users' temperaments. That's why you can never go wrong with it.
Informed decision-making on your part is Select's utmost priority. That's why it works as a one-stop shop with multiple money-saving verticals for you. With credible data, technically advanced tools and independent reviews, Select eases the selection process in your major money matters.
Investment Advisory Disclosure:
In terms of the regulatory requirements, you as a user can either avail of our distribution/facilitation services or investment advisory services and not both. The Company shall make all endeavours to ensure segregation of the distribution and advisory activities by not offering both to the same user by placing appropriate post-login disablement/accessibility blocking checks on the website.
However, as a user, it is your responsibility not to subscribe to / avail of the distribution services of this platform in case any of the following is a user of our group company’s product “Finology Reserve” -
• You yourself;
• Your dependent family member (i.e. your spouse, parents or children who invest using your money); or
• family members on whom you are dependent (i.e. spouse, parents or children whose money you invest)
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