MSTOCK Broker - IPO JI

MSTOCK

MSTOCK

Discount Broker

About Broker

Launched in April 2022, m.Stock is the broking platform created by the renowned Asset Management Company, Mirae Asset. As of October 2024, m.Stock has an active client base of 5,67,265.


Product Basket

The segments in which you can invest (includes Equity, Commodity, Currency, Futures and Options) through this broker

Equity Commodity Currency Futures Options

Brokerage Plan

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.

Charges

account opening

₹999

account maintenance

Free

call trade

Free

Brokerage

equity delivery

Zero

equity intraday

Zero

equity futures

Zero

equity options

Zero

currency futures

Zero

currency options

Zero

commodity futures

commodity options

Margins

Equity Delivery

1x As per exchange

Equity Intraday

4x As per exchange

Equity Futures

1x As per exchange

Equity Options

1x As per exchange

Currency Futures

1x As per exchange

Currency Options

1x As per exchange

Commodity Futures

Commodity Options


Platforms Offered

Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.

Web Portal Share Market App

Other Details

Pros

Advantages and Strengths of this broker.

m.Stock applies zero brokerage charges across all investment instruments available on the platform.

The platform also offers zero call and trade charges, making it accessible for customers who are not particularly tech-savvy.

There are no annual platform charges associated with m.Stock.

Mutual funds offered by m.Stock are categorized under the Direct Plan, which means no commission is charged on mutual fund investments.

Cons

Disadvantages of this broker that it needs to improve upon.

m.Stock does not provide analysis, trading advice, recommendations, or research reports on stocks.

There is currently no option to invest in commodities.

A standard AMC of ₹120 is charged every quarter if investors do not opt for the ₹999 Zero Brokerage plan.


Additional Features

Extra features provided by the broker at little or no extra cost. Like research reports, SMS alerts etc.

3 in 1 Account
free trading calls
free research
sms alerts
margin funding
margin against share

Other Investment Options

Services provided by the broker for investing in other financial assets such as Mutual funds, Insurance, Bonds etc.

mutual funds
ipo platform
exchange traded funds

Equily Charges

transaction charges

BSE: 0.00375%

NSE:

clearing charges

--

dp charges

Sell-side, ₹ 7 & ₹ 5.5 CDSL

gst

18% on Brokerage + Exchange Turn Over Charges

stt

0.1%

sebi charges

₹ 10/Crore

transaction charges

BSE: 0.00375%

NSE:

clearing charges

--

dp charge

--

gst

18% on Brokerage + Exchange Turn Over Charges

stt

0.025% sell side

sebi charges

₹ 10/Crore

transaction charges

NSE:

clearing charges

dp charge

--

gst

18% on Brokerage + Exchange Turn Over Charges

stt

0.02% sell side

sebi charges

₹ 10/Crore

transaction charges

NSE:

clearing charges

dp charge

--

gst

18% on Brokerage + Exchange Turn Over Charges

stt

0.1% sell side

sebi charges

₹ 10/Crore