MSTOCK
Discount Broker
About Broker
Launched in April 2022, m.Stock is the broking platform created by the renowned 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
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
₹999account maintenance
Freecall trade
FreeBrokerage
equity delivery
Zeroequity intraday
Zeroequity futures
Zeroequity options
Zerocurrency futures
Zerocurrency options
Zerocommodity futures
commodity options
Margins
Equity Delivery
1x As per exchangeEquity Intraday
4x As per exchangeEquity Futures
1x As per exchangeEquity Options
1x As per exchangeCurrency Futures
1x As per exchangeCurrency Options
1x As per exchangeCommodity 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.
Other Details
Advantages and Strengths of this broker.
m.Stock applies zero brokerage charges across all investment instruments available on the platform.
The platform also offers zero call and trade charges, making it accessible for customers who are not particularly tech-savvy.
There are no annual platform charges associated with m.Stock.
Mutual funds offered by m.Stock are categorized under the Direct Plan, which means no commission is charged on mutual fund investments.
Disadvantages of this broker that it needs to improve upon.
m.Stock does not provide analysis, trading advice, recommendations, or research reports on stocks.
There is currently no option to invest in commodities.
A standard AMC of ₹120 is charged every quarter if investors do not opt for 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.
Other Investment Options
Services provided by the broker for investing in other financial assets such as Mutual funds, Insurance, Bonds etc.
Equily Charges
transaction charges
BSE: 0.00375%
NSE:
clearing charges
--
dp charges
Sell-side, ₹ 7 & ₹ 5.5 CDSL
gst
18% on Brokerage + Transaction
stt
0.1%
sebi charges
₹ 10/Crore
transaction charges
BSE: 0.00375%
NSE:
clearing charges
--
dp charge
--
gst
18% on Brokerage + Transaction
stt
0.025% sell side
sebi charges
₹ 10/Crore
transaction charges
NSE:
clearing charges
dp charge
--
gst
18% on Brokerage + Transaction
stt
0.0125% sell side
sebi charges
₹ 10/Crore
transaction charges
NSE:
clearing charges
dp charge
--
gst
18% on Brokerage + Transaction
stt
0.0625% sell side
sebi charges
₹ 10/Crore
