m.Stock Stock Trading, Demat, Brokerage and Reviews 2025

Incorporated in April 2022 by Mirae Asset Capital Markets (India) Pvt Ltd, m.Stock offers a comprehensive range of stockbroking services to retail clients under its brand. It offers investment opportunities in stocks, currencies, IPOs and direct mutual funds.

m.Stocks offer Rs 0 account opening fee, Free Delivery Plan across Mutual Funds, ETF, IPO, and brokerage of Rs 5 applicable on Equity Intraday, Futures, Options, and Brokerage on Buy Back/OFS/Tender Offer/Delisting segments as per executed orders.

m.Stock offers competitive commission rates often lower than industry averages. m.Stock is designed for experienced traders and new investors, ensuring a safe and intuitive trading experience while processing over one crore daily trades.

Key Benefits

1. Margin Trading Facility (MTF) or Pay Later (MTF): m.Stock provides margin trading with up to 80% funding and an attractive interest rate starting at 6.99% p.a. It covers over 700 stocks for margin trading facility, making it highly competitive in the industry.
2. Positive Impact on P&L: A zero delivery account from m.Stock can positively impact your P&L by increasing your profits and reducing your overall costs.
3. Pledge Shares: Up to 80% Funding, Unlimited Holding Period, Margin on over 550 stocks and charges just 0.027% per day interest in case of Pledge shares margin shortfall.
4. Membership: The platform holds memberships with BSE (Cash and F&O segments), BSE Star MF Segment, NSE (Cash, F&O, and CD segments), and MCX, enabling a broad trading experience and CDSL.
5. Referral Program: Users can earn Rs 149 for every referral who opens a free Demat account. Users can earn unlimited referral rewards for multiple successful referrals, with payments guaranteed within 48 hours of account opening.
6. m.Stock Calculators: offers financial and investment calculators to help you understand the details of your investments such as MTF calculators, SIP Calculator, FD Calculator, CAGR Calculator, Brokerage Calculator and Lumpsum Calculator.

mStock Refer and Earn

The process for claiming to refer and earn with m.Stock:

• Open an m.Stock account.
• Refer friends and loved ones to m.Stock.
• Your referred friends open a free demat account.
• A referral reward of Rs 149 will be credited to your m.Stock account within 48 hours.

The referrer must simply share the referral link or enter their friend’s details in the 'Refer & Earn' section on the m.Stock web/trading app.

The referee will then use this referral link to open a free demat account. When the referee opens the account, a referral reward of Rs 149 will be credited to the referrer’s account within 48 hours.

With m.Stock you can open a demat and trading account in just a few minutes. Below you will find the steps to open an m.Stock account:

1. Click on Open an Account on m.Stock Mobile App or website.
2. Enter the mobile number and verify through OTP.
3. Enter your Email Address and verify through OTP.
4. Add the PAN Number and DOB.
5. Take a selfie and click on Capture.
6. Signature.
7. Add your bank details IFSC, Bank account number,
8. The Bank account is linked to your trading account
9. Add the personal details
10. Add a Nominee
11. The equity segment is activated by default, if you want you can activate the Future and Options segment.
12. Complete KYC using Digilocker.
13. Esign using Adhaar via NSDL.

Note: You will be assisted by MIRA the voice assistant for the entire account opening process.

m.Stock trading platform is available on the website, on Google Play and in the App Store.

m.Stock Share Market App (Mobile App)

The m.Stock mobile app provides a fast, user-friendly, and feature-rich trading experience. Users can easily invest in equities, IPOs, mutual funds, and more with a seamless interface. It offers features like 1-click order placement, voice search, customised price alerts, and real-time data. Designed for quick navigation, the app also includes advanced tools like margin trading, Watchlist PRO, Option Strategies suite, Smart Order Form, Trade from Charts real time etc.

m.Stock Web Portal

The m.Stock web platform complements the mobile app by providing a more detailed and comprehensive trading environment. It offers a stable and secure platform with advanced charting tools, real-time market data, and in-depth analysis. The web interface allows for easy portfolio management, tracking, and investing across multiple financial products.

m.Stock Account Opening Enquiry

• Free Delivery, IPO, Buyback, and Mutual fund trading.
• Exciting refer and earn plans. Referral reward of Rs 149 per account.
• Dedicated support via phone, within platform and email.
• AMC for m.Stock is free
• Call and trade charges are free.
• One of the lowest daily MTF interest rates starts at 0.0192%.
• Pay Later (MTF): Rate of interest from 6.99% p.a. and Unlimited holding period.
• Pledge Shares at 9.99% p.a. (0.027% per day which is one of the lowest interest rates).
• Zero Capital Delivery Trades using Pledge shares & Pay Later (MTF) together.
• Up to 80% of margin funding is available.

• Automated / Algo Trading and NRI Trading are not available.
• Account opening is currently not available for NRI, HUF, Minor, Joint, or non-individual accounts.
• Commodities trading is not available.
• Investment Advisory services are not available.
• Doesn't offer a 3-in-1 account as the company doesn't provide banking services.

m.Stock MTF Charges

m.Stock Margin Trading Funding charges: