mStock Review – Charges, Trading Platforms, Demat Account, Offers & more
Know everything about mStock review here. A South Korean global financial giant, Mirae Asset officially entered the Indian broking market by establishing mStock in 1997.
Park Hyeon-Joo founded this Mumbai-based “zero brokerage for life” offering brokerage house.
Besides India, the firm operates in Indonesia, China, Brazil, and the United States. Talking about mStock Review, the firm acquired over 56,000 active clients in just 26 years.
Moreover, it has already captured a significant share of the mutual funds market by managing 100+ AUMs with 35 million+ Indian customers investing in mutual funds.
This article will walk you through mStock Charges, trading platforms, SWOT analysis, customer complaints, and many other sections.
| Broker Type | Discount Broker |
| Active Clients | 56,000+ |
| Account Opening Charges | Rs.149 |
| AMC | Rs.999 |
| Delivery Charges | Free |
| Intraday Charges | Rs.20 per Trade |
mStock - Company Overview
Company Type
Headquarters
Founder
Establishment Year
Why Trade or Invest with mStock?
Opening a mStock Account is perfect for seasoned as well as novice stock market newbies as they can gain the following:
- Traders can access firms’ zero brokerage plans with top-notch trading technology.
- Customers can trade or invest in stocks, mutual funds, futures and options, IPO, and currency via mStock’s trading platforms.
- You can access a highly liquid currency market without paying a penny.
- Margin trading facility is available at very pocket-friendly interest rates.
- mStock enables its existing clients to refer and earn. They can retain a cashback worth Rs. 333 for each referral.
- The brokerage house has a simple onboarding and IPO application process.
mStock Brokerage Charges
Brokerage Plan
Subscription Charges
Equity Delivery
Equity Intraday
Equity Future
Equity Option
Commodity Future
Commodity Option
Currency Future
Currency Option
Before further reviewing the mStock, let’s understand the mStock Brokerage charges.
As discussed above, this Mumbai-based brokerage house offers a ‘Zero Delivery’ brokerage plan with no subscription charges. Since the firm is brokerage-friendly, it provides cost-free Equity Delivery.
Furthermore, it charges Rs. 20 per Trade for Equity Intraday, Equity F&0, and Currency F&O.
mStock Calculator
Calculate Brokerage Charges of MStock.
Here's a sample Zerodha calculation.
Change the options below to calculate Zerodha brokerage.
How to Open mStock Demat Account?
To avail of mStock’s financial services, you must open a mStock Demat Account following a super quick and easy process:
- Step 1 is to fill up and submit the below-displayed form.
- Next, you will get a call from an executive & they will share an account opening link for the online KYC process.
- Verify your details, PAN number, and identity proof via the necessary documents.
- Pay Rs.149 as Demat account opening charges after selecting the suitable payment mode.
- Add and link your bank account and complete your profile.
- Once verification is done, the firm will activate your Demat account within a day.
Types of mStock App, Trading Platforms & Tools
Android App
iOS App
Web Trading Platform
Trading Terminal
Algo Trading Platform
Foreign Stocks Trading Platform
Basket Trading Platform
Mutual Fund Investment Platform
Digital Gold Investment Platform
Bonds Investment Platform
mStock App and trading platforms are developed using a scalable technology featuring a simple and convenient interface along with bank-grade security.
Both new-age and experienced traders can access Android and iOS apps. You can also leverage a web trading platform for margin trading facility, equity trading, and investing in IPOs, Futures & Options.
Additionally, the organization offers a different mutual fund investment platform.
mStock App, Trading Platforms & Tools - Features
Wishlist
Real Time Updates
Portfolio Details
Online MF Buy
Research Reports
Global indices
Customised Recommendations
Stock tips
Interactive charts
Live market
Multi Profile Management
Robust & Secure Platform
Regarding mStock tools, clients can use the brokerage house’s web portal and app. Here is the mStock Review of both tools:
mStock App
mStock is among the best trading apps you can access in India. With an overall rating of 4.5 stars, approximately 50,000 individuals have downloaded the Share Market Trading app.
Let’s discuss the features of the mStock app:
- Seize real-time stock market trading opportunities with single-click order placement.
- 7 watchlists, each capable of tracking and monitoring up to 50 stocks.
- Option chain analysis with real-time strike prices and open interest data.
- One view portfolio to build a trading portfolio and monitor investments and P&L.
- Pre-designed index baskets, letting traders place an order with one click.
- Advanced charts to analyze market conditions in real time.
- Advanced Order Options, including 2-legged cover orders, After Market Orders (AMO), etc., in a single click.
- You can set the price alerts for the stocks you want to trade or invest in.
- View live tick-by-tick market data for indices, contracts, and stocks.
- Voice Assistant MIRA can buy, track, sell, and navigate financial instruments.
- High FII/DIII flows can help view, study, and analyze stocks and make better investment decisions.
- You can search and trade from 5,000+ stocks collection on the exchange using the Quick 1 Click Search feature.
- A superior Margin Trading Facility is available.
mStock Web Portal
mStock delivers the best-in-class trading and investing experience with an intuitive user interface and bank-grade security features:
- Superfast 1-Click and Voice Search features allow placing orders in one click.
- Smooth processing with a stable platform.
- Traders and investors can leverage Global Expertise for technology support.
- Innovative calculators, fundamental data, and technical charts are available to aid traders in data-driven decision-making.
- Info-rich screens update the complete portfolio.
- Additionally, you can access customized price alerts and 7 watchlists.
mStock Offers
Free Account Opening
Free AMC
Free Brokerage
Flat Brokerage
Flexible Brokerage Plans
Happy Trading Hours
Free Delivery Trading
Free Intraday Trading
Free F&O Trading
Free Research Reports
Free Trading calls
Referral Offers
Margin Funding / Pledging
Brokerage Cashback
Zero Brokerage for Loss Making Trades
Uncovering the mStock offers:
- mStock, as a discount broker, offers flexible, flat brokerage plans to its clients.
- You can trade or invest without paying brokerage but for a limited period.
- mStock doesn’t charge for Delivery Trading.
- Intraday and F&O trading is also cost-free, but the offer is limited.
- You can call and trade without paying any fees.
- Clients need not pay the consideration beforehand to buy or sell financial instruments with Margin Funding / Pledging facility.
mStock SWOT Analysis
If you want to start a demat account with mStock, please check out this amazing SWOT Analysis.
Strength
- mStock offers zero brokerage plans for a lifetime to its active clients.
- Clients can subscribe to an Rs. 149 plan to test the broker before paying Rs. 999 as a subscription.
- The firm offers about 100 indicators with 7 chart types to let traders and investors analyze the market technically.
- Clients can get a maximum of 80% funding in over 700 stocks at a rate as low as 6.99%.
- mStock allows its customers to invest or trade from 700+ stocks collection.
Weakness
- mStock doesn’t enable clients to open a 3-in-1 account.
- Charges a relatively high AMC of Rs. 999 as a discount broker.
- The customers experience glitches in the mStock Share Marketing Trading App occasionally.
Opportunities
- mStock can establish its offline presence.
- The company can also increase its online trading support by introducing trading terminals and foreign stocks trading, algo trading, or digital gold investment platform.
- mStock can create new trading or investing opportunities by offering Commodity F&O, Foreign Stocks, Corporate Bonds, or Insurance.
Threat
- The technologically innovative brokerage houses can beat mStock in this digitally advanced age.
- Zerodha, Upstox, and 5paisa are some best discount brokers in India, giving tough competition to mStock.
Check out Business Opportunities with Similar Brands
mStock Review - Products Offered
Equity Delivery
Equity Intraday
Equity Option
Equity Future
Commodity Option
Commodity Future
Currency Option
Currency Future
Foreign Stocks
Mutual Funds
Banking
Insurance
Corporate Bonds
Govt. Bonds
Digital Gold
mStock Review - Services Provided
Demat Services
Trading Services
Intraday Services
F&O Services
IPO Services
3 in 1 Account
Stock Research
Stock Recommendations
Trading Institution
Share Pledging
PMS or PCG
NRI Services
mStock Research & Advisory
Fundamental Reports
Research Reports
Company Reports
Annual Reports
IPO Reports
Technical Reports
Stock Tips
Daily Top Stock Picks
Daily Market Review
Monthly Review
Weekly Review
Relationship Manager
Robo Advisory
The firm provides limited research support to customers with mStock Trading Account.
You can’t have professionally drafted research, company, annual, IPO, and technical reports. But the brokerage house provides:
- Stock tips, including daily top stock picks, enable its active customers to trade and invest in profitable stocks.
- You can stay up-to-date about the market conditions with daily, weekly, or monthly market reviews.
mStock Margin or Exposure or Leverage
Equity Delivery
Equity Intraday
Equity F&O Carry Forward
Equity F&O Intraday
Commodity F&O Carry Forward
Below given is the mStock Margin or Leverage you can retain on different trading and investment options:
- mStock’s margin or leverage rate for Equity Delivery and Equity F&O Carry Forward can be 1x.
- Customers can keep at most a 5x margin or leverage for Equity Intraday. The margin rate can vary with stocks.
- 1.3x is the margin or exposure for Equity and Commodity F&O Intraday.
- The exposure for Commodity F&0 Carry Forward is 1x.
- mStock facilitates 1x margin for Currency F&O.
Check out Business Opportunities with Similar Brands
Even though you can visit the organization’s office or branches for mStock Customer Care, it offers dedicated online customer support.
mStock retains a credible rating of 7.25 for customer support. However, you need to pay to access trading and dedicated dealer support.
The company keeps its lines open 24/7 to resolve customer queries and complaints. You can call at 1800-2100-818 or email at [email protected].
In addition, you can reach out to mStock online at its website, Facebook page, and Twitter profile.
mStock Complaints statistics are an effective means to know the brokerage house’s efficiency and popularity.
At this stage, the firm received a total of 113 complaints. And its active resolved complaints percentage is 89.38%, as it fixed 101 complaints.
From 113 total complaints, mStock discovered that 6 were non-actionable. It implies that the firm’s active non-actionable complaints percentage is 5.31%.
mStock Charges
Check out various fees levied by mStock here.
mStock Account Opening Charges
- To open a mStock account, you must deposit Rs. 149.
- The organization asks its active clients to pay Rs. 999 as AMC.
STT & CTT Charges
- To buy and sell Equity Delivery and sell Commodity Future, you must pay 0.1% STT & CTT charges.
- For Equity Intraday sell transactions, STT & CTT charges are 0.025%
- You can sell Equity Option by paying 0.0125% charges and 0.0625% for Equity Future.
- STT & CTT charges to sell Commodity Options are 0.05%.
Stamp Duty Charges
- Clients can buy Equity Delivery after paying 0.015% stamp duty charges.
- Buying transactions for Equity Intraday, Equity Option, and Commodity Option demands 0.003% charges.
- Stamp duty charges for buying Equity and Commodity in the Future market are 0.002%.
Transaction Charges
NSE and BSE specify the following transaction charges for mStock:
- You can transact in Equity Delivery and Intraday by depositing 0.00325% charges.
- To trade in Equity Future, pay 0.0019% charges.
- 0.05% are the transaction charges for Equity Options.
- NSE fixes 0.0009% charges for transacting in Currency Future and 0.035% for Currency Option.
Pledge Charges
- You can request pledge creation and invocation after depositing and must pay Rs. 32 for each request.
mStock Hidden Charges
- The firm fixed DP charges as Rs. 12 per Scrip on Sell DP.
- There are no charges for account reactivation requests.
mStock Review – Conclusion
With 26 years of rich global lineage, the brokerage house serves over 15 countries and has executed 7 million+ trades.
With an overall credible rating of 7.28, you can trust mStock for safe and secure transactions in the stock market.
So, as per mStock Review, the firm is perfect for experiencing the ‘Zero Brokerage’ revolution.
You need to pay Rs. 999 as a lifetime fee. And you are all set to trade and invest without paying brokerage charges.
FAQs on mStock
Check out various FAQs related to mStock Review.
Is mStock a Safe Broker?
mStock has built a solid trust base among Indian investors, traders, and stock market experts. Moreover, it’s a SEBI-registered discount broker.
So you can trust mStock for safe trading and investing experience.
Is mStock Good for Beginners?
With mStock, you can access the ‘Zero brokerage plan’ and affordable pricing. The organization provides an excellent opportunity for beginners to trade and invest without spending too much on brokerage.
How many active clients does mStock have?
Within just 26 years of establishment, mStock has increased its active client base to 56,000 and counting.
Who is the founder of mStock?
Park Hyeon-Joo, a South Korean billionaire, is the founder of mStock.
Does mStock provide Free Delivery Trading?
Yes! mStock allows its active customers to leverage cost-free Equity Delivery Trading.
What are Intraday Trading Charges in mStock?
To transact in Equity Intraday with mStock, you must deposit Rs. 20 for each trade.
What are mStock F&O Charges?
mStock fixes Rs. 20 per trade for trading or investing in Equity Future and Options.
Does mStock charge for Commodity Trading?
Commodity Trading is not available for people with mStock Demat accounts. So, there are no charges for commodity trading.
Does mStock charge for Currency Trading?
mStock charges Rs. 20 per trade for trading or investing in Currency Future and Options.
Does mStock provide Research?
The firm provides limited research support with no research, company, annual, IPO, or technical reports. But you can access support for daily top stock picks and market reviews.
How to contact mStock Customer Care?
You can call at 1800-2100-818 or email at [email protected]. Additionally, you can contact the firm online at its website, Facebook page, and Twitter profile.
How much is AMC in mStock?
mStock asks its active clients to pay Rs. 999 as account maintenance charges (AMC).
What are Account Opening Fees in mStock?
To open a mStock account, traders and investors must deposit Rs. 149.
What are Pledge Creation Charges in mStock?
You can request for pledge creation in mStock after depositing must pay Rs. 32 for each request.
How much are Pledge Invocation Fees in mStock?
Active clients can request pledge invocation after depositing and must pay Rs. 32 for each request.
Does mStock levy any Interest on Margin Trade Funding?
Yes! mStock levies Interest on Margin Trading on traders. You must pay 0.05% per day as interest for margin trading.
What are DP Charges in mStock?
mStock fixes Depository Participant (DP) charges as Rs. 12 for each Scrip on Sell DP.
Does mStock levy any Account Closure Fees?
If you are considering closing an account with mStock, you can do it without paying a single penny.
What are Account Reactivation fees in mStock?
There are no charges for account reactivation requests in mStock.
What are Call & Trade Charges in mStock?
Traders and investors with mStock accounts can leverage call and trade facilities with zero charges.
Worst application worst staff my order is unable to sqare off for more than 30 min Even customer care is cold and said they cant do anything and cut phone on my face if any one want proofs msg me i will show ss and video