MSTOCK
MSTOCK
Discount Broker

About Broker

Introduced in April 2022, m.Stock is a broking platform developed by the well-known Asset Management Company, Mirae Asset. As of February 2024, m.Stock has an active client base of 329,964.

Product Basket

The segments in which you can invest (includes Equity, Commodity, Currency, Futures, and Options) through this broker.

EquityCurrencyFuturesOptions

Brokerage Plan

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.

Charges

Account Opening

₹999

Account Maintenance

Free

Call Trade

Free

Brokerage

Equity Delivery

Zero

Equity Intraday

Zero

Equity Futures

Zero

Equity Options

Zero

Currency Futures

Zero

Currency Options

Zero

Commodity Futures

-

Commodity Options

-

Margins

Equity Delivery

1x As per exchange

Equity Intraday

4x As per exchange

Equity Futures

1x As per exchange

Equity Options

1x As per exchange

Currency Futures

1x As per exchange

Currency Options

1x As per exchange

Commodity Futures

-

Commodity Options

-

Platforms Offered

Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.

Web PortalShare Market App

Other Details

Pros

Advantages and Strengths of this broker.

  • m.Stock charges zero brokerage fees on all investment instruments available on its platform.
  • The platform also provides free call and trade services, making it user-friendly for those who are less tech-savvy.
  • m.Stock does not impose any annual platform fees.
  • Mutual funds on m.Stock are classified under the Direct Plan, ensuring no commission is applied to mutual fund investments.

Cons

Disadvantages of this broker that it needs to improve upon.

  • m.Stock does not offer stock analysis, trading advice, recommendations, or research reports.
  • Commodity investment options are currently unavailable on the platform.
  • A quarterly AMC of ₹120 is applied if investors do not choose the ₹999 Zero Brokerage plan.

Additional Features

Extra features provided by the broker at little or no extra cost, like research reports, SMS alerts, etc.

3-in-1 AccountFree Trading CallsFree ResearchSMS AlertsMargin FundingMargin Against Share

Additional Features

Extra features provided by the broker at little or no extra cost, like research reports, SMS alerts, etc.

Mutual FundsIPO PlatformBonds DebtExchange Traded FundsInsurance