Welcome to the world of mStock Sub broker plan with endless opportunities! mStock is a ‘mobile-first’ trading platform robust enough for investors and clients.

The Mumbai-based Korean asset management firm is a trusted brand name with Rs.1,316 Cr daily turnover globally and a ‘Client First’ objective.

For the mStock family, you are always getting covered, whether a new or an experienced one.

mStock provides exclusive and powerful features that make your trading business smooth, fast, and result-oriented.

Watch your client and wealth grow with the best industry gurus of mStock. So, say goodbye to slow platforms with clumsy processes and join the mStock Franchise program.

Type of Broker Discount Broker
Total Sub Brokers 500+
Total Investment Rs.26,500 – Rs.48,500
Sub Brokers Commission 55% – 65%
Avg. Monthly Profit Approx. Rs.62,200
Breakeven Time 2 months
Payout Time 30 Days

MStock Franchise - Business Models

Sub Brokership

Yes, Limited

Partner Program


Refer and Earn


Why Start a mStock Franchise?

mStock’s Mirae Asset Financial Group always focuses on tech-driven revolution and handsome incentive structures.

Despite a large share of incentives, the firm makes a pre-tax Income of $466 million. So, franchises have ample proven results to join the firm.

Get the best of the industry from top brains. Be your boss and be free to run a business by helping others make money.

Wide product ranges allow you to cater to a broad client base. The low investment comes with high returns. For example, you need a maximum of Rs.48,500 to get 55% to 65% returns.

Access to the most advanced tools and platforms with a smooth user interface. When you are in the market, get real-time market data, updates, watchlists, price alerts, and much more.

All of the above, the mStock franchise has the full potential to make a handsome amount and enjoy the glitch-free dashboard on the web or App.

MStock Sub Broker Commission

Revenue Sharing

55% - 65%

Per Client Acquisition


Undoubtedly, a standard incentive policy is a vital reason to join the sub-broker service. The mStock Subbroker Commission structure is a way of making a good share of the revenue.

With the revenue share ranging from 55% to 65%, brokers get a good chunk of the brokerage generated by their client base.

However, they have zero reward for adding each client’s account. But it is not a piece of negative news for franchise owners!

Some firms discourage such desperate sales reward relationships, which generates many dead accounts in the system.

So, franchises should focus on making a potential client base, not a hollow show-off. Even only one real trader can make your long-term goal.

If you are making your new footsteps in the finance business, count mStock as your magic key.

MStock Franchise Cost or Investment

Security Deposit (One Time)

Zero Investment

Exchange Charges (One Time)


Office Expenses (Monthly)

Rs.25,000 - Rs.47,000

For aspiring sub-brokers, paying attention to mStock Franchise’s appealing financial model is challenging.

However, new franchise owners should know about its costs and expenses. Even small investors can afford it.

First and foremost, the good news is that there is no security deposit to join the program. It’s a great relief for small investors and lowers investors’ risk appetite.

However, franchises must spend a modest amount of Rs.1500 as exchange charges. It helps to get smooth access to the market without a burden on the Franchise.

Regarding office expenses, sub-brokers should count office expenses ranging from Rs.25,000 to Rs.47,000.

Depending on the business model and location, this cost may vary. You could expect the maximum range for a tier 1 city. So, the mStock franchise model is full of flexibility and cost-cutting offers.

mStock Sub Broker Franchise Profits & Income

Check out mStock Franchise Profits & Income here.

Total Clients 675
Active Clients 200
Avg. Commission per Active Client 840
Total Brokerage 1,68,000
Sub Broker’s Share (65%) 1,09,200
New Client Acquisition 25
Client Acquisition Income (Zero per Client) 0
Sub Broker’s Income 1,09,200
Total Expenses 47,000
Sub Broker’s Net Profit 62,200
Net Profit Margin 37%

Despite advanced tools and support, profit is everything at the end of the day. Here, we will create a scenario about the mStock Sub broker profits.

With a client base of 675, including active clients 200, sub-brokers can make an average amount. of Rs.840 per client. This leads to a handsome amount of Rs.1,68,000.

Meanwhile, sub-brokers receive a good share of this brokerage, which is 65%. It is translating to an income of Rs.1,09,200.

New client acquisition is a prominent part of this service, even if there is no direct income from the client base. It values long-term benefits.

If sub-brokers keep aside an amount of Rs.47,000 as operation cost, the net profit stands at Rs.62,200.

So, the net profit margin stands at an impressive 37%. Undoubtedly, the final yield is promising enough.

MStock Sub Brokership Offers

Commission above 50%


Zero Investment


Free Advisory


Free Delivery Trading


Flat Brokerage Charges


1st Month Free Brokerage


Zero Brokerage on Loss Making Trades


From New York to Indonesia or Singapore to Shanghai, you can find Mirae asset management firms in almost all major financial hubs worldwide.

The customer-centric and trader-supportive practice is the secret sauce behind this. First off, the incentive structure is the sub-broker’s main priority.

mStock provides a lucrative incentive of above 50%. And this comes without a security deposit or upfront cost. Authorized persons don’t need a hiccup with a considerable investment.

Now, let’s check the advisory facility. Unfortunately, it is not free and demands a nominal amount. However, you can get help from some external advisor without paying stock.

But when you look at delivery trading, mStock is taking your side. They offer free delivery trading for franchise holders.

So your clients can hold stocks without worry. Moreover, you get relief from complex fee structures, as mStock has flat brokerage charges.

mStock Authorised Person SWOT Analysis

Aspiring sub-brokers should have a sound knowledge of their securities firm through SWOT analysis.

Here, a mStock-authorized person is provided with an unbiased scenario through SWOT analysis. It is based on the company’s historical performance and future growth with some weaknesses.


  • The parent Korean firm, Mirae Asset, has a three-decade-old brand name and good returns in the Indian securities market.
  • There are no entry barriers to investment risk. The firm welcomes small or medium franchises. to join.
  • The revenue share is more than 50%, attracting many investors and traders to maximize their returns.
  • Flat brokerage is a relief with free training and sales support.
  • Strong products and services with the best tech-driven platforms, gaining popularity among new-generation investors.


  • The absence of support in loss-making stock may discourage risk-averse traders.
  • Some cost-sensitive investors can be discouraged by advisory charges.
  • Expansion is slow as an old player, with a lower presence in some potential zones and new smart cities.


  • An increasing number of small-town investors and youngsters are in the market. For example, an Indian market got an 11.6 cr demat account by April 2023!
  • Expanding the digital world in small cities, towns, and rural markets creates a colossal scope.
  • Growing Indian securities market (higher returns than US and China in last ten years)


  • Adverse market factors like war, recession, and inflation can change the calculation.
  • Some rivals have better training, support, and sales support, posing a significant threat.
  • Competitive brokerage with a stiff challenge from new rivals.

MStock Franchise or Authorised Person Support

Dedicated RM Support


Dealer Training


Products Training


Acquisition Support

Yes, Limited



Advisory Support

Yes, chargeable

Backoffice Support


Marketing Support

Yes, Limited

When you see the mStock franchise plan as a productive offer in the market, you should know about their full support for clients and franchises.

Despite an almost free entry, their support system is broad and industry-oriented. In short, you can afford the plan quickly with a balanced risk appetite.

First, let’s check the dedicated RM support to guide aspiring sub-brokers. Yes, they provide an RM service for franchises.

If you are a newbie in the securities market, mStock will only leave you in the deep end with dealer training support.

In addition, product training service is also there, helping authorized persons to deal with clients confidently.

When discussing franchises’ sales support, they help with a limited segment. You can ask RM for more details.

However, webinar service or training is not available. As good advice comes at a cost, the advisory service is opened after paying some fees.

As marketing and sales support is not extensive, sub-brokers should prepare for some heavy lifting for themselves.

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MStock Sub Broker Business - Office Requirement

Area in Sq. Ft.

150 - 200 Sq. Ft.

No. of Employees

Atleast 1

Dealer Terminal

Not Mandatory

Mobile or Telephones


Call Recording


Laptops or Computers





Not Mandatory

Managers Cabin

Not Mandatory

So, finally, make up your mind to dive into the world of the mStock Franchise business. Now, take some inside scoops about office requirements from here.

It helps authorized persons in a cost-cutting decision. First, let’s look at office space as it is the maximum expense for sub-brokers.

At the starting time, a room within 150 to 200 square feet is enough. Even you can manage such space in a Tier I city.

However, the business volume may force you to expand to get breathing room for all. Having at least one helping hand at the initial stage is good.

Solo-run sub-broker business is challenging tusk. One good thing is that mStock never forces you to go through a dealer’s terminal.

It’s a flexible option. You can monitor things through a remote-controlled CCTV; it is mandatory. This service demands a phone, computer, and uninterrupted internet facility.

Another good news is that mStock is flexible about the fancy reception of office cabins. You can make it simple while starting the advisory service.

MStock Sub Broker Dashboard Link

Web Platform

App Platform


The mStock Sub broker dashboard is your central command centre to conduct the service. It is a digital cockpit to control the client’s activity, getting new updates and market trends.

Though no App access exists for franchises, clients have web pages and App facilities. The investors can easily monitor their incentive growth client portfolios and access in-depth reports.

In addition, order management tools and portfolio analysis help them make informed client decisions. So, click the above link and join the secure platform from today.

mStock Franchise Login

Unlock the franchise business with mStock franchisee login. It’s a simple, short, and fast process.

Enjoy one of the best interfaces among the brokerage houses with robust security. You can contact the RM for login credentials and more details.

Besides real-time data tracking and market trend monitoring, the login system has rigid security to save your data. And there are no charges for it.

MStock Franchise Backoffice Platform - Features

Lead Addition Link


Manual Lead Addition


Lead Stage Info


Lead Info Backend Change


Lead Deletion


Brokerage Mapping


Manual Brokerage Change


Leads Report


Clients Activation Report


Clients Portfolio Report


Monthly Payout Report


Before joining, knowing everything about the mStock sub-broker back office platform is good.

First up, franchise holders will get a lead addition link. If you are not a good salesman, mStock provides a lead addition link to support your service.

But, the tech-driven platform has no option for manual lead. If you have any sales channel, ask the RM about how to use it in their system.

Also, note that they have neither a lead info change option nor a lead deletion system. So, add the lead and details carefully.

Brokerage Mapping helps authorized persons set their brokerage structures to match their specific needs. Manual changes are restricted to avoid any dodging.

Get all info at your single click, including leads report, Clients report, Portfolio report, and Payout Report.

MStock Sub Broker Review or Ratings by Finec.in

Overall Rating

7.32 / 10


7.29 / 10


7.41 / 10


7.35 / 10


7.27 / 10


7.26 / 10

MStock Authorised Person - Products Offered








Not offered

Mutual Fund



Not offered

IPOs / FPOs / NCDs


Foreign Stocks

Not offered




Not offered

MStock Franchise - Trading Platforms Offered

Trading App


Web Trading Platform


Trading Terminal


Algo Trading Platform


Robo Advisory Platform


Thematic Investment Platform


Foreign Stocks Investment Platform


Backoffice Platform


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How to Become a MStock Sub Broker? - Eligibility Criteria





Academic Qualification


Basic Computer Skills


Basic Communication Skills


NISM Certificate

Yes, compulsory

The individual needs to follow an essential criteria, to become a mStock sub-broker.

The program is designed to help you deal with the financial market confidently. Here, mStock wants to be sure you understand the need and your ability to run the service.

Here’s the essential list:

  • You must be at least over 21 age, helping with crucial learning and quick adaptation.
  • Only Indian citizens can join
  • They should have a graduation degree.
  • Though not a must, basic computer skills are an advantage. Operation trading software is a bonus.
  • You need basic financial market skills for client calls, so NISM certification is necessary.

MStock Sub Brokership - Documents Required by Individuals

Sub Broker Agreement


Identity Proof - Aadhaar


Address Proof - Aadhaar / Rental Agreement




Passport Size Photo


Bank Account Details


Bank Cancelled Cheque


MStock Franchise - Documents Required by Firms or Company

Sub Broker Agreement


Firm or Companies PAN


Firm or Companies TAN


Firm or Companies Incorporation Certificate


Firm or Companies Bank Details


Firm or Companies Cancelled Cheque


All Partners or Directors PAN


All Partners or Directors Aadhaar


All Partners or Directors Photo


mStock Franchise – Conclusion

For some valid reasons, Mirae Asset Management has been in the news for the last few years.

With a record of 73% active client base and a whopping one million trades in a single day, this global finance group is gearing up more plans in the future.

The rapid success signals their ability to scan the needs of online traders. In addition, sub-brokers have the ‘Zero Brokerage and no-commission’ facility to enrich their client base without considerable effort.

In a recent development, their Seoul HQ invested Rs.1240 crore after a decade of healthy results. Undoubtedly, the infusion of money benefits traders and franchise owners as well.

FAQs on mStock Authorized Person

Here is the list of FAQs related to the mStock Sub Brokership.

Does mStock have a brokership Model?

Yes, mStock has a brokership model with a generous revenue share.

How many franchises does mStock have?

Currently, there are 500+ sub-brokers with the mStock program.

What is the earning potential of mStock AP?

An aspiring investor can get 65% of the revenue.

How can I Start a mStock Franchise?

You can contact RM and read the abovementioned process to join.

Is mStock Franchise a Profitable Business?

Yes, as per the average estimate, your net profit after all expenses is 37%.

Who is the mStock Sub Broker?

Franchise owners who join the franchisee program are sub-brokers of mStock.

What is mStock Franchise Cost?

With zero security deposit, your monthly expense is Rs.25,000 – Rs.47,000.

How much is the mStock Sub Broker Commission?

It depends on your client’s performance. However, sub-brokers can make 55% – 65% without an extra effort.

Does mStock AP get back office access?

Yes, mStock provides comprehensive support through the back office.

Is mStock Demat Account necessary to become a Sub Broker?

Yes, you need an active Demat account to start the service.


Customer ratings and reviews of mStock Sub Broker

  • Finec says:

    Thanks for your input.

  • Arman says:

    Best Platform

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