The mStock NRI Account offers a smooth investing pathway for NRIs in Indian markets. It is a discount broker with no account opening charges.

Notably, AMC is pegged at Rs.500 plus 18% GST, a crucial aspect of mStock NRI Account Charges. In addition, brokerage for equity delivery, both PIS and Non-PIS, is Rs.30 per trade.

Besides, there is zero brokerage on various investment options – you will get a choice between a Rs.149 and Rs.999 brokerage plan.

Furthermore, the platform supports multiple financial instruments with easy trading and investing.

Eager to learn more about the mStock NRI account? Delve deeper into this comprehensive mStock NRI Account Review and get answers to all your queries.

Broker Type Discount Broker
Account Opening Charges Free
AMC Rs.500 + 18% GST
Delivery Trading Allowed
MF Investment Allowed

Why Invest with mStock NRI Account?

The mStock NRI Account offers a comprehensive and cost-effective trading solution for NRIs. Here’s why you can consider it for your investments:

Zero Account Opening Charges: Your mStock NRI Account comes with no account opening charges, allowing you to begin investing without any upfront cost.

Annual fees are minimal: With an annual maintenance charge of only Rs.500 plus 18% GST, keeping your account active costs you very little.

Trade without breaking the bank: Each equity delivery trade costs Rs.30. This makes trading through your mStock NRI Account economically efficient.

Choose zero brokerage options: Opt for zero brokerage plans to save significantly on transaction costs over time.

Diversify effortlessly: You can access a broad spectrum of investment options — from equities to mutual funds.

Navigate with ease: The mStock platform’s user-friendly interface ensures that investing is simple and accessible.

Get started quickly: The paperless and quick onboarding process means you can start investing within minutes of setting up your account.

Trust in global expertise: Your investment is in safe hands with Mirae Asset’s global backing.

mStock NRI Account Opening Charges

Account Opening Charges

Free

Annual Maintenance Charges (AMC)

Rs.500 + 18% GST

You can quickly commence your investment journey in India from abroad with a mStock NRI Account. Initially, you don’t pay anything when opening your account.

However, once created, your account will attract an AMC (Annual Maintenance Charge) for maintaining it at a reasonable Rs.500 plus 18% GST.

Indeed, the charge structure ensures that your account remains financially viable for years. Thus, this is a small price to pay to reach a large market through mStock’s cutting-edge platform.

Furthermore, it equally shows devotion towards value provision — consequently, you can devote more attention to your investment decisions.

mStock NRI Account Brokerage Charges

Equity Delivery (PIS)

Rs.30 per Trade

Equity Delivery (Non-PIS)

Rs.30 per Trade

Equity Intraday

NA

Equity Future

Rs.30 per Trade

Equity Option

Rs.30 per Trade

Commodity Future

NA

Commodity Option

NA

Currency Future

NA

Currency Option

NA

The mStock NRI Account Brokerage structure is transparent and cost-effective. It ensures that you get the most out of your investments without excessive fees.

Specifically, for equity delivery — both under PIS (Portfolio Investment Scheme) and non-PIS – the brokerage charge is a competitive Rs.30 per trade.

Indeed, this straightforward pricing makes it easier for you to manage your investment costs effectively.

Additionally, the mStock NRI Account Brokerage fees are structured to support both occasional and active investors. Furthermore, this approach helps in maintaining financial efficiency.

Consequently, you can focus more on optimizing your investment strategy. Lastly, this balance of affordability and support enhances your overall investing experience.


How to Open a mStock NRI Account?

To open an mStock NRI Account, follow these streamlined steps and enjoy a hassle-free setup!

Step 1: Head to the Official Website

Begin by visiting the mStock website and specifically heading to the NRI section.

Step 2: Complete the Online Application

Proceed to fill out the online application form. Importantly, you must provide your details, contact information, and NRI status.

Step 3: Submit Necessary Documents

Continue by uploading the required documents, which include your PAN card, passport, overseas address proof, and a photograph.

Step 4: Bank Account Details

Next, provide details of your NRE/NRO bank account that will be linked to the trading account.

Step 5: Verification Process

mStock will then verify the documents and information submitted. This process may include a video verification step to confirm your identity.

Step 6: Account Activation

Once verification is complete, your account will be activated. mStock will send you a welcome kit and login details to access your account.

Step 7: Start Trading

Finally, once your account is active, you can log in, fund your account, and begin trading!

Documents required to Open mStock NRI Demat & Trading Account

NRI Account Opening Form

Mandatory (Signed by NRI)

PAN Card of NRI

Mandatory

Overseas Address Proof

Mandatory (Driving License, Bank Statement, Overseas Passport)

Indian Address Proof

Mandatory (Aadhaar, Driving License, Indian Passport)

NRE or NRO Bank a/c Cancelled Cheque

Mandatory

OCI / PIO Card

Mandatory

Valid Passport

Mandatory

Valid VISA

Mandatory (Work/Student/Employment/Resident Premit)

PIS Letter from Bank

Mandatory

Passport Size Photograph

Mandatory

Account Opening Charges Cheque

Mandatory

Demat Opening Fee Cheque

Mandatory

To open a mStock Non-Resident Indian Account, you must gather the necessary documents for the verification process. Here is the list:

  • Passport: A valid passport copy is essential.
  • Visa/OCI/PIO Card: Copies of your Visa, OCI, or PIO card to confirm your NRI status.
  • PAN Card: Your Permanent Account Number card.
  • Overseas Address Proof: A utility bill or bank statement as proof of your overseas residence.
  • Indian Address Proof: Provide documents like Aadhaar or utility bills if available.
  • Photograph: A recent passport-sized photograph.
  • Bank Account Details: A cancelled cheque from your NRE or NRO account.

Note: These documents are crucial to successfully opening a mStock NRI account and starting trading on the Indian stock markets. mStock needs them for compliance.

Therefore, make sure you’ve kept them handy before trading with mStock.


mStock NRI Account – Top Features

A few features of the mStock for NRI account make it a standout choice. They ensure you cherish a hassle-free and convenient investment experience. Top features include:

Competitive Brokerage Charges: mStock offers flat rates for equity delivery and intraday trades. Importantly, this ensures cost-effectiveness for frequent trading.

Advanced Trading Platforms: Utilize state-of-the-art trading platforms and mobile apps designed for an optimal online trading experience, featuring real-time data and analytical tools.

Moreover, these tools are essential for modern traders.

Wide Range of Investment Options: mStock NRI account allows you to access a diverse portfolio that includes stocks, mutual funds, and IPOs.

Therefore, it is suitable for various investment goals. Additionally, this versatility enhances your ability to diversify.

Zero Account Opening Fees: With mStock, you can start your investment journey without any initial setup costs, which can save you significantly.

Furthermore, this removal of barriers makes it easier to begin investing.

Low Annual Maintenance Cost (AMC): This NRI account allows you to maintain your account at a minimal cost.

This eventually helps boost your investment returns. Also, the lower costs contribute to better overall profitability.

Dedicated NRI Helpdesk: You can receive tailored support and assistance from a helpdesk equipped to handle NRI investment queries and challenges.

Similarly, this specialized service ensures that your unique needs are met.

Seamless Fund Transfers: Enjoy easy transfers between your linked NRE/NRO accounts and trading accounts.

Indeed, it’s convenient! Additionally, the ease of fund management supports smoother financial operations.

The stated features are designed to provide a comprehensive, efficient, and cost-effective trading experience for NRIs.

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mStock NRI Demat Account - Products Provided

Equity Delivery

Yes

Equity Intraday

No

Equity Option

Yes

Equity Future

Yes

Commodity Option

No

Commodity Future

No

Currency Option

No

Currency Future

No

Mutual Funds

Yes

The mStock NRI Demat Account provides a versatile selection of investment products. They’re tailored to meet the diverse needs of NRIs interested in the Indian markets.

You can engage in equity delivery trading, which allows for the purchase and holding of shares over an extended period.

Furthermore, equity intraday trading is available if you’re looking to capitalize on daily market fluctuations.

Additionally, the account offers access to equity futures and options for more sophisticated trading strategies. These strategies include hedging or speculation.

Mutual funds and IPOs are also accessible – thus, they provide opportunities for portfolio diversification and investments in new market entries.

Overall, this range ensures you can effectively manage and expand your investment portfolios.

mStock NRI Trading Account - Services Provided

Demat Services

Yes

Trading Services

Yes

Intraday Services

No

F&O Services

Yes

IPO Services

Yes

PMS or PCG

No

The mStock NRI Trading Account offers a comprehensive suite of services. They facilitate efficient and effective trading for NRIs.

This account provides robust trading services to help investors engage in equity, futures, and options trading across various market segments.

Additionally, it supports mutual fund investments. Besides, it allows you to participate in IPOs directly from the platform.

Moreover, intraday trading services are tailored to maximize market movements in a single trading day.

Furthermore, the account also includes dedicated trading support and a customer helpdesk to assist with any queries or issues.

Consequently, this ensures a smooth trading experience. The stated services make the account a reliable and versatile tool for managing investments in Indian financial markets.

mStock NRI Desk Helpline & Support

NRI Customer Care Number

1800-2100-818

NRI Email Support

help@mstock.com

Trading Support

Yes, Chargeable

Dedicated Dealer

Yes, Chargeable

Website Support

Facebook Support

Whatsapp Support

NA

Twitter Support

Telegram Support

NA

The mStock NRI Support offers writ-large assistance to its NRI clients. For queries and grievances – you can contact their customer care team via the toll-free number 1800-2100-818.

Email support is readily available at help@mstock.com. It’s a convenient avenue for assistance.

In case you need more detailed trading support or the expertise of a dedicated dealer — you can choose their personalized assistance service, which comes at a dedicated cost.

What’s more –  mStock maintains a robust online presence. Stay updated and engage with the service team through their official website and Facebook page.

They also have a Twitter handle. This multi-channel support framework ensures timely and efficient help whenever needed.

mStock NRI App & Trading Platforms

Web Trading Platform

Trading Terminal

NA

Algo Trading Platform

NA

Foreign Stocks Trading Platform

NA

Basket Trading Platform

NA

Mutual Fund Investment Platform

Available

The mStock NRI App and mStock NRI Trading Platform provide advanced, user-friendly interfaces to meet the specific needs of NRI investors.

Here are some of their key features:

Real-Time Market Data: The mStock NRI App offers live updates and real-time market data to inform you about market trends and movements.

Comprehensive Trading Tools: The platform features a range of tools for technical analysis, including advanced charting capabilities and various technical indicators.

Seamless Order Execution: Enjoy a streamlined trading experience with quick and efficient order placement and execution, which reduces slippage and improves trade outcomes.

Mobile Accessibility: The platform is accessible from Android and iOS. This responsiveness allows you to trade and manage investments on the go.

Secure Transactions: High-level security measures, including encryption and secure logins, are in place to protect personal and financial information.

Portfolio Management: Easy tracking and management of investments with detailed portfolio insights and performance reports directly on the app or trading platform.

Customer Support Integration:  You can access mStock NRI Support directly through the platform.

mStock NRI Account - Research & Advisory

Fundamental Reports

NA

IPO Reports

NA

Technical Reports

NA

Stock Tips

Available

Daily Top Stock Picks

Available

Relationship Manager

NA

Robo Advisory

NA

The mStock NRI Account integrates comprehensive research and advisory services.

Leveraging the mStock Advisory for NRI, you can gain access to an extensive suite of research tools and resources.

These encompass market analysis reports, expert insights, and tailored investment recommendations. Additionally, the platform offers personalized advisory support.

Seasoned professionals offer guidance aligned with your investment objectives and risk profiles.

This robust research and advisory framework empowers you to make well-informed investment decisions.

Consequently, you can cruise through market dynamics effectively and optimize your investment portfolios for long-term success.


mStock NRI Charges

So – what are the mStock hidden Charges for NRI? While mStock is generally transparent about its charges, there are a few additional costs you may need to cover.

Firstly, SEBI Turnover Charges, set at Rs.10 per Crore across all segments, may accrue during trading activities.

Moreover, DP Charges of Rs.12 per Scrip on Sell apply, which may impact the selling process.

Additionally, GST, levied at 18% on Brokerage, SEBI, and Transaction charges, further adds to the overall cost.

Furthermore, dematerialization incurs a fee of Rs.150 per Certificate. This fee is levied for converting physical share certificates into electronic form.

Notably, while the mStock NRI Account boasts no closure or reactivation charges, these fees must be considered when evaluating overall investment costs.

mStock NRI Demat Account - STT Charges

Equity Delivery

0.1% on buy & sell

Equity Intraday

NA

Equity Future

0.0125% on sell

Equity Option

0.0625% on sell (on premium)

Commodity Future

NA

Commodity Option

NA

Currency Future

NA

Currency Option

NA

mStock NRI Trading Account - Stamp Duty Charges

Equity Delivery

0.015% on buy

Equity Intraday

NA

Equity Future

0.002% on buy

Equity Option

0.003% on buy

Commodity Future

NA

Commodity Option

NA

Currency Future

NA

Currency Option

NA

mStock NRI Account - Transaction Charges

Equity Delivery

0.00325% (NSE) & 0.00375% (BSE)

Equity Intraday

NA

Equity Future

0.0019% (NSE & BSE)

Equity Option

0.05% (on premium)

Commodity Future

NA

Commodity Option

NA

Currency Future

NA

Currency Option

NA

mStock NRI Account - Pledge & Margin Charges

Pledge Creation Charges

Rs.32 per Request

Pledge Invocation Charges

Rs.32 per Request

Interest on Margin Trading

0.05% per day

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mStock NRI Account Hidden Charges

SEBI Turnover Charges

Rs.10/ Crore (All Segment)

DP Charges

Rs.12 per Scrip on Sell

GST

18% on (Brokerage + SEBI + Transaction charges)

Account Closure Charges

Nil

Reactivation Charges

Nil

Dematerialisation Charges

Rs.150 per Certificate

Call & Trade Charges

Free


mStock NRI Account Review – Conclusion

Now that you’ve reviewed this mStock NRI account prepare yourself for a smart and hassle-free investment experience.

The broker allows you to trade and invest flawlessly with its user-friendly web-based trading platform.

You can expect convenience, support, and tech-driven efficiency at every step of your investment journey.

However – it would be best to use it mindfully to avoid unwanted hassles and concerns.


FAQs on mStock NRI Account

Check out various FAQs related to mStock NRI Account.

How to Open an NRI Demat Account in mStock?

To open an NRI Demat Account in mStock, complete the online application process and submit the necessary documents as per the guidelines provided on the website.

How to Convert mStock Account to NRI?

Contact customer support for guidance and assistance to convert your mStock account to NRI status.

What is AMC for NRIs in mStock?

The Annual Maintenance Charge (AMC) for NRIs in mStock is Rs.500 plus 18% GST.

What is Account Opening Fees for NRIs in mStock?

There are no account opening fees for NRIs in mStock. It is accessible and convenient to start investing in the Indian market.

Which assets are restricted from trading in mStock for NRIs?

Trading in the currency and commodity segments is restricted. Moreover, certain derivatives may be restricted for NRIs to trade in mStock. They’re subject to regulatory guidelines.

Can an NRI invest in a Mutual Fund in mStock?

Yes, NRIs can invest in mutual funds through mStock. The platform provides access to a diverse range of investment options.

What is the Brokerage for mStock NRI?

The brokerage for mStock NRI accounts is Rs.30 per trade. This ensures competitive pricing for trading activities.

Can mStock NRI Account be Opened Online?

Yes, the mStock NRI Account can be opened online. It’s quite a convenient and hassle-free process.

What is the Helpline Number for mStock NRI?

The helpline number for mStock NRI support is 1800-2100-818.

Which documents are required to open a mStock NRI Account?

The documents required to open a mStock NRI Account include a passport, PAN card, overseas address proof, Indian address proof (if available), photograph, and bank account details.


 

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