m.Stock
m.Stock platform review, brokerage charges,
FREE Demat A/c and best tech features
Introduction to m.Stock
Incorporated in April 2022 by Mirae Asset Capital Markets (India) Pvt Ltd, m.Stock offers a comprehensive range of stockbroking services to retail clients on its platform. It offers investment opportunities in stocks, derivatives, ETFs, IPOs and direct Mutual Funds.
m.Stock is designed for both experienced traders and new investors, ensuring a safe and intuitive trading experience while processing over one crore daily trades.
Why Choose m.Stock?
m.Stock doesn’t just provide basic trading services; it offers a comprehensive suite of tools designed to enhance your investing experience.
Positive Impact on P&L
An account from m.Stock can positively impact your P&L by increasing your profits and reducing your overall costs since it offers zero brokerage on equity delivery and ₹5/order brokerage on all other segments.
- Margin Trading Facility (MTF) or Pay Later (MTF)
m.Stock provides margin trading with up to 80% funding and an attractive interest rate starting at 6.99% p.a. It covers over 900 stocks for margin trading facility, making it highly competitive in the industry. It also offers unlimited holding period.
Fast, Stable and Secure Platform:
With advanced features like Watchlist PRO, Smart Order Form, Trade from Charts, Advanced Option Chain, Proactive Personalised Notifications and more, stay ahead of the market with m.Stock
Everything a trader needs under one roof
m.Stock offers Trading APIs, Research and Advice, Fundamental and Technical Data, Expert Guidance, Educational Content and more to enable your investment and trading journey optimisation.
Pledge Shares
Up to 87.5% funding, Unlimited Holding Period, Instant Margin on over 713 stocks and charges just 0.027% per day interest in case of Pledge shares margin shortfall.
m.Stock Calculators
Offers financial and investment calculators to help you understand the details of your investments such as MTF calculators, SIP Calculator, FD Calculator, CAGR Calculator, Brokerage Calculator and Lumpsum Calculator.
It offers fundamental analysis, technical analysis, currency trading, commodity trading, futures and options trading and much more!
m.Stock equips you with advanced tools to help you trade smarter, faster, and more confidently:
- FREE Trading APIs for fast and scalable trades at just ₹5/order brokerage
- Options Strategy Builder: Choose from 30+ pre-defined strategies or create your own strategy & place multi-leg orders in one go
- Expert Research Calls: Get timely calls across Equity, Futures and Options
- Watchlist PRO: Trade in 1-click directly from your watchlist
- Smart Order Form: Quick buy/sell execution with smart price & quantity selection tabs
- Trade from charts real time
- Advanced Order Types: GTT, Basket Orders, AMO, Stop-loss, and more
m.Stock Brokerage and Other Charges
m.Stock offers zero brokerage on Equity delivery & ₹5 per executed order on Intraday, Futures, Options, MTF and Brokerage on Buy Back/OFS/Tender Offer/Delisting segments as per executed orders). Following are the m.Stock account charges:
| Features | m.Stock Account |
|---|---|
| Account Opening Charges | Zero |
| Demat Account AMC | Zero |
| Equity Delivery | Zero Brokerage |
| Intraday | ₹5 per order brokerage |
| Future | ₹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 |
m.Stock Other Applicable Charges
| 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
m.Stock 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 |
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.
The referee will then use this referral link to open a free demat account. When the referee opens the account, a referral reward of ₹151 will be credited to the referrer’s account within 48 hours.
m.Stock Trading Platforms: Mobile App & Web Platform:
m.Stock trading platform is available on the website, on Google Play and in the App Store.
m.Stock Mobile App:
The m.Stock mobile app provides a fast, user-friendly, and feature-rich trading experience. Users can easily invest in equities, derivatives, ETFs, IPOs, mutual funds, and more with a seamless interface. It offers features like 1-click order placement via Watchlist PRO, Smart Order Form, Trade from Charts; customised price alerts, Most Traded Data and real-time fundamental and technical data. Designed for quick navigation, the app also includes offerings like Pay Later (MTF), Pledge Shares, Trading APIs, Options Strategy Builder, Research and Advice for you to level your trades and investments.
m.Stock Web Portal:
The m.Stock web platform complements the mobile app by providing a more detailed and comprehensive trading environment. It offers a stable and secure platform with advanced charting tools, real-time market data, and in-depth analysis. It offers features like 1-click order placement via Watchlist PRO, Smart Order Form, Trade from Charts; customised price alerts, Most Traded Data and real-time fundamental and technical data. Designed for quick navigation, the web portal also includes offerings like Pay Later (MTF), Pledge Shares, Trading APIs, Options Strategy Builder, Research and Advice for you to level your trades and investments. The web interface allows for easy portfolio management, tracking, and investing across multiple financial products.
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:
- Click on “Open an Account” on m.Stock Mobile App or Web Platform
- Enter the mobile number and verify through OTP
- Enter your Email Address and verify through OTP
- Add the PAN Number and DOB.
- Take a selfie and click on Capture
- Signature
- Add your bank details IFSC, Bank account number,
- The Bank account is linked to your trading account
- Add the personal details
- Add a Nominee
- The equity segment is activated by default, if you want you can activate the Future and Options segment.
- Complete KYC using Digilocker
- Esign using Adhaar via NSDL
To watch the m.Stock account opening video, click here
m.Stock Margin Trading Facility – Pay Later (MTF)
m.Stock’s Pay Later (MTF) facility, available on over 900 approved stocks, offers a cost-effective solution for investors looking to leverage their portfolio with minimal initial capital. Pay Later (MTF) is m.Stock’s Margin Trading Facility that enables you to buy stocks with as low as 20% upfront capital. m.Stock finances up to 80% of the stock value, allowing you to invest in higher volumes with minimal investment.
Key Features of m.Stock Pay Later (MTF):
- Lowest Interest Rate in the industry: Interest rates start at 6.99% p.a. or 0.019% per day above ₹5 crore, 0.027% per day from ₹25 lakh to 5 crore, 0.041% per day up to ₹25 lakh funding which is significantly lower than the industry standard of up to 18%.
- Unlimited Holding Period: No cap on holding period, offering greater flexibility compared to brokers that limit it to 365 days
- High Funding: Get up to 80% funding of stock value instantly, higher than the industry norm of 50%-70%.
- Wide Stock Selection: Trade from over 900 approved stocks available for MTF.
- Pre-Pledge Option: Save time and reduce interest costs with the pre-pledging feature for quicker transactions.
- Zero Subscription Fees: No subscription or hidden fees, while other brokers may charge up to ₹10,000.
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 |
- Pledge and Unpledge Charges: Charges for pledge creation and unpledging your shares are ₹32 per request.
- Subscription charges: Pay Later (MTF) facility is included for free with your m.Stock Demat account.
- Brokerage: ₹5 per executed order
m.Stock Pledge Shares
The Pledge Shares facility on m.Stock lets traders use their existing stocks as collateral to get instant margin for trading. It’s like borrowing against your stock portfolio, but without selling any shares. This extra margin allows you to trade more than you normally could, enabling bigger and potentially more profitable trades.
Below are the main advantages of the pledge option at m.Stock:
Key Benefits of the m.Stock Pledge Shares Offering:
- Up to 87.5% Instant Funding: Pledge your shares and receive up to 80% of their value as trading margin, allowing you to boost your trading capacity significantly.
- No Holding Period limitations: Margins obtained through the pledge facility can be held for an unlimited period, giving traders flexibility in managing their positions.
- Broad Stock Coverage: The facility allows the pledging of over 650 approved stocks, offering a wide variety of options for traders to enhance their portfolio’s value.
- Interest up to 0.027% per day or approximately 9.99% p.a. annually (shortfall beyond 50%).
- Pledge creation & closure charges are ₹0
m.Stock Advantages And Disadvantages
- Free Delivery, IPO, Buyback, and Mutual fund trading
- Zero Account opening charges and Account maintenance charges
- Call and trade charges are free.
- One of the lowest daily MTF interest rates starts at 0.0192% per day (6.99% p.a.) and unlimited holding period. Up to 80% of margin funding is available.
- Pledge Shares at 9.99% p.a. (0.027% per day which is one of the lowest interest rates) on shortfall beyond 50%.
- Zero Capital Delivery Trades using Pledge shares & Pay Later (MTF) together.
- Trading APIs at zero set-up and recurring costs. You can place unlimited orders at a superfast speed of 30 orders per second
- Options Strategy Builder with 30+ pre-defined strategies and opportunity to create, test, place and track multi-leg strategic orders
- Expert Research Calls across Equity, Futures and Options
- Exciting refer and earn plans. Referral reward of ₹151 per account.
- Dedicated support via phone, within platform and email.
- NRI Trading are not available.
- Account opening is currently not available for NRI, HUF, Minor, Joint accounts.
- Commodities trading is not available.
- Doesn’t offer a 3-in-1 account as the company doesn’t provide banking services.
Frequently Asked Questions
What is m.Stock Pay Later (MTF)?
The Margin Trading Facility (MTF), or Pay Later (MTF), on m.Stock allows you to buy stocks by borrowing up to 80% of the value from the broker. The interest rate varies based on the funded amount: 6.99% p.a. for amounts above ₹5 crore, 9.99% p.a. for ₹25 lakh to ₹5 crore, and 14.99% p.a. for up to ₹25 lakh. The process involves pledging shares, and the holding period is unlimited with no hidden costs.
Is m.Stock account free?
m.Stock offers a standard plan for ₹0 that includes free delivery of shares. However, other segments like intraday, futures, and options have a brokerage of ₹5 per executed order. Other charges, such as transaction fees and taxes, may also apply.
What is m.Stock?
m.Stock is an online stock trading platform launched in 2022 by Mirae Asset Capital Markets (India) Pvt Ltd. It provides a range of investment options, including stocks, currencies, IPOs, and direct mutual funds. The platform supports over 28,000 daily transactions and offers features like margin trading and investment calculators.
Is m.Stock a discount broker?
Yes, m.Stock operates as a discount broker. It offers zero brokerage for Equity Delivery, Mutual Funds, and IPOs. For other segments like intraday, F&O, and MTF trades, the brokerage is a flat ₹5 per executed order.
What are the charges of Trading APIs with m.Stock?
m.Stock provides free Trading APIs that enable automated order placement, real-time market data, and algorithmic trading. These APIs are beneficial for developers, algo traders, and active investors who want to enhance their trading efficiency and capitalize on market opportunities. For further details, you can contact m.Stock at tradingapi@mstock.com.
Does m.Stock offer Mutual Funds on their platform? What are the charges?
Yes, m.Stock offers Direct Mutual Funds, which are purchased directly from the asset management company without a third-party agent. Direct plans have a lower expense ratio, which can result in up to 1% additional returns compared to regular plans.
How does Pledge Shares work on m.Stock and what are the interest charges?
m.Stock allows you to pledge your shares or ETFs to receive instant margin credit, which you can use for Intraday, Futures & Options (writing/selling) trades, or to take new positions under Pay Later (MTF). The interest is ZERO for intraday and F&O trades unless there is a margin shortfall, in which case a daily interest of 0.0274% is charged.
What is the benefit of investing in IPOs with m.Stock?
m.Stock offers ZERO brokerage on IPO applications. Investing in an IPO provides early investment opportunities in growing companies, potential for high returns, increased market visibility, and the ability to diversify your portfolio.
How does m.Stock charge interest on availing Pay Later (MTF)?
Interest on m.Stock Pay Later (MTF) is charged on a pro-rata basis for the gross funded amount for the number of days you hold the position. For example, a funding amount of ₹25 lakh would be charged at a daily rate of 0.0411% for the duration of the holding period.
How do I get started on m.Stock?
To get started on m.Stock, you need to open a Demat and trading account, which can be done in less than 5 minutes. You can either visit the website or download the m.Stock app. After successful documentation, your account will be approved and operational within 24 hours. You can then log in with the provided credentials and start trading.
Specification: m.Stock
| Account Charges | ||||||||
|---|---|---|---|---|---|---|---|---|
| ||||||||
| Segment Wise Brokerage | ||||||||
| ||||||||
| Specification | ||||||||
| ||||||||
Videos: m.Stock
Photos: m.Stock
There are no reviews yet.