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

Overall Rating

7.28 / 10

Account Opening Process

7.25 / 10


7.37 / 10


7.31 / 10

Products & Service

7.24 / 10


7.22 / 10

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

Rs.12 per Scrip on Sell

Account Closure Charges


Reactivation Charges


Dematerialisation Charges

Rs.150 per Certificate

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

Yes, Limited

Free Research Reports


Free Trading calls


Referral Offers

Upto Rs.500 per Client

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.

  1. The first step is to click the “open demat account” option on the website below.
  2. You will get a pop-up form asking for your Name, Mobile Number, City, and email ID. Fill up these details.
  3. After filling in this information, you will get a call from the executive.
  4. They will help with the form and the documents you need to upload
  5. Provide the necessary details, including name, address, PAN, Aadhar, etc.
  6. Provide bank details and income details to create the Demat account.
  7. Upload a photo and signature scan.
  8. Submit the correctly filled form.
  9. 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.

  1. Fill out the form provided below to open the Demat account offline.
  2. Once an executive calls, tell them you want to open an offline account.
  3. They will share an Account Opening Form with you.
  4. You will fill up all the information present in the form & sign it.
  5. Post or courier this form and a copy of all the required documents like your PAN, Aadhaar, cancelled cheque, etc.
  6. You will also have to create a video for In-person verification.
  7. 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




18+ Years

Active Bank Account


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Documents required to Open MStock Account

PAN Card Copy


Identity Proof Copy

Any One (PAN Card, Aadhaar Card, Voter ID Card, Driving License, Passport)

Address Proof Copy

Any One (Aadhaar Card, Voter ID Card, Driving License, Passport)

Bank Account Proof Copy

Any One (Cancelled Cheque, 3 Months Bank Statement, Bank Passbook)

Copy of Income Proof for F&O

Any One (IT Return Certificate, Net Worth Certificate, Salary Slip, 6 Month Bank Statement)

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.

  1. Open the website and click on “Download”.
  2. In the new window, you will find the “CDSL DP Service Forms” section.
  3. Under that section, click “Account Closure Request Form”.
  4. Fill in the form with all the details.
  5. 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.


Customer ratings and reviews of MStock Demat Account

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