mStock Demat Account Review – Account Opening, Features, Charges, Offers & more
The mStock demat account is part of the international financial giant Mirae Asset. The company is known for its reliability; more than fifty thousand people have invested in them.
What’s more, all the charges are reasonable and affordable. The mStock account opening charges are Rs.149, lower than many other industry big names.
The company’s delivery charges are free, which is another perk customers enjoy. Look at this mStock Demat account review to find out all the information you need about its Demat account.
| Broker Type | Discount Broker |
| Active Demat Accounts | 56,000+ |
| Account Opening Charges | Rs.149 |
| AMC | Rs.999 |
| Free Account Opening | No |
| Free AMC | No |
MStock Demat Account Review by Finec.in
Overall Rating
Account Opening Process
Offers
Charges
Products & Service
Experience
mStock Demat Account – Top Features
To start trading in the Indian share market, you must open a Demat account. Consider opening a mStock Demat account if you want to pay low account opening charges without compromising reliability.
Let us see why so many people want to open a mStock account.
- With this Demat account, you can invest in Margin Trading, Equity Trading, Mutual Funds, IPOs, Futures, and options in minutes.
- The company offers free Intraday, F&O, currency trading, mutual funds, IPOs, and eMargin facilities.
- The company’s annual maintenance charges are only Rs.999.
- There are no hidden charges when you trade with this account.
- The company app is technologically cutting-edge and keeps users informed about share market trends at all times.
MStock Demat Account Opening Charges
Account Opening Charges
Annual Maintenance Charges (AMC)
DP Charges
Account Closure Charges
Reactivation Charges
Dematerialisation Charges
Call & Trade Charges
You may think that a financial giant like mStock will charge a lot as an account opening fee, but that is untrue.
The mStock Demat account charges are only Rs. 149 at the time of account opening. Under this standard plan, you can have free brokerage for all delivery tradings and IPO investments.
The mStock AMC is Rs. 999 and may seem high at first compared to the AMC of other companies.
However, remember that you receive lifetime brokerage free unlimited trade across all segments. The DP charges are Rs. 12 + GST per transaction.
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MStock Demat Account Offers
Free Account Opening
Free AMC
Free Brokerage
Free Research Reports
Free Trading calls
Referral Offers
mStock Demat Account Opening Process – Step by Step
The mStock Demat account opening process can be done from your phone or computer. You only need to download the Android or iOS App, depending on your phone type.
If you wish to open the account from your computer, use any browser to open the official website. For user convenience, this account can also be opened offline through a Depository Participant or DP.
In the below sections, we have thoroughly discussed the account opening processes for your benefit.
How to open a Demat Account in mStock? – Online Process
Are you new to the share market and want to know how to open a Demat account in mStock? Follow these instructions, and you can open a Demat account quickly & easily today.
- The first step is to click the “open demat account” option on the website below.
- You will get a pop-up form asking for your Name, Mobile Number, City, and email ID. Fill up these details.
- After filling in this information, you will get a call from the executive.
- They will help with the form and the documents you need to upload
- Provide the necessary details, including name, address, PAN, Aadhar, etc.
- Provide bank details and income details to create the Demat account.
- Upload a photo and signature scan.
- Submit the correctly filled form.
- Your application gets processed instantly, and you will have a working Demat account in minutes.
How to Open mStock Demat Account? – Offline Process
The discount broker primarily focuses on the online account opening process, and many wonder how to open a mStock Demat account offline.
There is no need to scratch your head; we will give you instructions on the offline account opening process.
- Fill out the form provided below to open the Demat account offline.
- Once an executive calls, tell them you want to open an offline account.
- They will share an Account Opening Form with you.
- You will fill up all the information present in the form & sign it.
- Post or courier this form and a copy of all the required documents like your PAN, Aadhaar, cancelled cheque, etc.
- You will also have to create a video for In-person verification.
- The operations team will check all the information provided.
Once all the information & documents are verified, your account gets opened. The broker then will give you the Demat account number.
Eligibility Criteria to Open MStock Account
Nationality
Age
Active Bank Account
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Documents required to Open MStock Account
PAN Card Copy
Identity Proof Copy
Address Proof Copy
Bank Account Proof Copy
Copy of Income Proof for F&O
Passport Size Photo
Signature on White Paper
IPV (In-person Verification)
To open a Demat account, all customers must submit specific paperwork and personal details. To open a mStock account, you will need the documents mentioned below:
- Identity proof – Aadhar
- PAN details
- Permanent address – Aadhar/Passport
- Bank account details – Bank passbook
- Bank canceled cheque
- Passport size photo
- Income proof
You also have to do an in-person verification to open your Demat account.
How to Close a mStock Demat Account?
A customer may choose to stop trading, and in that case, their Demat account will become useless. These steps show you how to close the mStock Demat account.
- Open the website and click on “Download”.
- In the new window, you will find the “CDSL DP Service Forms” section.
- Under that section, click “Account Closure Request Form”.
- Fill in the form with all the details.
- After you submit the form, the company will close your account in a few days if all the details are in order.
mStock Demat Account Review – Conclusion
Opening a mStock Demat account is beneficial in many ways. The company is famous for offering lifetime brokerage-free trading.
People happily pay Rs. 999 AMC for that opportunity to save much money later.
mStock is known for quick services and updated technology that helps customers invest instantly when market trends change. Open this Demat account today and enjoy the zero brokerage plans.
FAQs on mStock Demat Account Review
Here is the list of FAQs related to the mStock Demat Account.
How do you create a Demat Account in mStock?
The process of opening an account is straightforward, and you can open an account online and offline.
To open an account, make sure to keep all documents handy & then it will only take 15 minutes to do the process & 1 to 2 days to open the account.
How do you delete a mStock Account?
To delete an account, you must first download the account closure form. Find the “Account Closure Request Form” under the “CDSL DP Service Forms” section.
Fill in the form and submit it; your account will be deleted.
What is AMC in mStock?
The AMC is only Rs. 999.
What is mStock Account Opening Fees?
You have to pay Rs.149 to open a Demat account.
How do you find the Demat account number in mStock?
The demat account number is the same as BOID. This is available in all your statements, your welcome email, and the profile section of the mobile app or web platform.
How do you get a Statement of Demat Holdings in mStock?
All your financial statements are available in your account. To access them, log in to your Demat account and print any statement you want to.
What documents are required to open a demat account?
You will require PAN, Aadhar, income tax return documents, income details, and bank details to open a Demat account.
How long does opening a Demat Account in mStock take?
Opening a Demat account takes 5-10 minutes. However, you must keep all the required documents when applying for your account to make the process swift.
How to change the bank account in mStock?
Go to the “Download forms” section on the mStock website and find the “Account Modification form”.
Download and fill in the form, then submit it. Your bank account details will be changed after the request is processed.
How to transfer shares from a Demat Account to mStock Demat?
First, you must pay off outstanding debts and terminate open trades with your current broker. After that, close your account with the current broker.
Next, you must send the digitally signed Client Master Report (CMR) from this broker to your present broker to finalize the process.
Your Demat account will be transferred to mStock when the process is finished.