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Open mStock Account (mStock Account Opening Process, Documents and Charges)


Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

mStock Account Opening Charges 2024

mStock account opening charges are Rs 999 (One TIme Cost) for a trading account and Rs 999 (One TIme Cost) for Demat account. mStock charge Annual Rs. 480 + GST (To be recovered on a Quarterly basis) AMC for Demat account.

TransactionCharges
Trading Account Opening ChargesRs 999 (One TIme Cost)
Account AMC ChargesAnnual Rs. 480 + GST (To be recovered on a Quarter
Demat Account Opening ChargesRs 999 (One TIme Cost)
Demat AMC (Yealy)Annual Rs. 480 + GST (To be recovered on a Quarterly basis)

m.Stock from Mirae Asset Capital Markets offers a seamless and cost-effective account opening process that makes it easy for investors to get started. The platform offers a comprehensive range of trading options, including stocks, Futures, Options, IPOs, Mutual Funds and Pay Later (MTF). Launched in April 2022, m.Stock is an online stock trading platform and it offers a user-friendly experience to all its customers.

m.Stock offers 2 brokerage plans, a Zero Brokerage account & Free Delivery account.

  • Option I: Zero Brokerage account, with one one-time cost of Rs 999. Free brokerage for life across Delivery, Intraday, F&O, Mutual Funds & IPO.
  • Option II: Free Delivery Plan with Zero Fees and brokerage of Rs 20 applicable on Equity Intraday, Futures, Options, and Brokerage on Buy Back/OFS/Tender Offer/Delisting segments as per executed orders.

m.Stock Key features

  • It offers various services like Stocks, Futures & Options, IPO, Mutual Funds, and Margin Funding.
  • Trusted by 17 lakh+ mStock customers.
  • Offers price alerts feature. Users can place 1-click orders from Watchlist PRO.
  • Offers Refer & Earn reward of Rs 555 on every successful referral.
  • Unlimited trades at ZERO Brokerage on F&O, Intraday, Delivery, Mutual Funds & IPO.
  • Make one-time investments or SIP investments in direct mutual funds at zero commission charges.
  • Access advanced charts and indicators on m.Stock trading platform.
  • Monitor your investments and get detailed reports such as profit and loss statements, tax P&L, MTF ledger, and much more on m.Stock trading app and web.
  • Make smart investment decisions with SIP, Pay Later (MTF), brokerage calculator, and other investment calculators.
  • Get funding up to 80% through Pay Later (MTF) starting from 6.99% p.a. with unlimited holding period
  • Pledge shares facility with unlimited holding period, and low interest rate of 0.027% per day in case of margin shortfall.
  • Get funding for over 700 stocks with Pay Later (MTF).

Products Offered by m.Stock

  • Trading in Equity Intraday, Equity Delivery, Futures & Options, IPO, ETFs, Currency
  • Mutual Funds
  • Margin Funding
  • Zero Brokerage Trading Account
  • Free Delivery Account

m.Stock Account Opening

Opening an account with m.Stock is simple and 100% paperless. There are no fees for opening an m.Stock demat account. You can open a demat account online using your laptop or smartphone, but you must have some important documents ready. Opening a paperless account takes about five minutes.

  1. Download and install the m.Stock Trading App.
  2. Open & click on create a new account.
  3. Enter Your mobile number and verify through OTP.
  4. Enter Your Emai ID and verify through OTP.
  5. Enter Your Personal Details. (PAN, DOB)
  6. You will get a pop-up of your details by clicking on “Continue”.
  7. Select your Brokerage Plan & AMC Plan.
  8. After selecting Plans, you will see a payment summary.
  9. Click on Pay now and complete the payment.
  10. On the Next page, you can refer m.Stock brokerage plan to your family and friends. (This is an optional step)
  11. Take a selfie and upload it to verify yourself in person.
  12. Click on “sign”, Digital or manual.
  13. Add your bank details & enter your details.
  14. Select Income & Click on Save.
  15. Add Nominee, It's Optional.
  16. F&O option activation “It’s Optional”.
  17. If your KRA verification is not done, you can do it through Digilocker or manually by updating your address and PAN details.
  18. Complete your IPV process.
  19. If you are a KRA verified, you will get a pop of eSign.
  20. After eSign, you will be redirected to the NSDL page for verification.
  21. Verify your Aadhaar and your account is created.

Note: The m.Stock team will check the account opening documents and details and then send you the login ID and password to your registered email account.


Tradingo App Demo

m.Stock Account Opening Documents

  • PAN details
  • Aadhaar Card
  • Bank Account Details
  • Make sure you have a camera on your mobile phone
  • Nominee Details (optional during account opening)

Income Proof - It is required if you wish to trade in Futures & Options: Any one of the following documents is required

  1. Form-16
  2. Latest 6-month Bank statement
  3. Latest salary slips
  4. Net worth certificate from a CA
  5. Income Tax Return Acknowledgment

m.Stock Account Opening Demo

m.Stock Account Login

Steps to login m.Stock account:

  1. Download the m.Stock app or use the web platform.
  2. Click on Login.
  3. Enter the mobile number or Client code.
  4. Enter the password.
  5. You are logged in and can use the m.Stock account.

Note: The password is communicated by the m.Stock team when the account is opened. You can change your password by clicking on Forgot password.

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  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

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Frequently Asked Questions

  1. 1. How to open m.Stock Account?

    Opening an account with m.Stock is easy and 100% paperless. Here you will find step-by-step instructions on how to open an account with m.Stock.

    1. Visit the demat account page on the m.Stock website.
    2. Enter & verify your mobile number and email ID
    3. Enter your personal details like PAN, and DOB.
    4. Select Brokerage & AMC Plan. Enter PAN & link your bank account
    5. Complete the Payment Process.
    6. Upload a selfie & signature
    7. If your KRA verification is not done, you can do it through Digilocker or manually by updating your address and PAN details.
    8. Complete your IPV process.
    9. If you are a KRA verified then you will get a pop of E-Sign.
    10. After e-sign, you will be redirected to the NSDL page for verification.
    11. Verify your Aadhaar and that your account has been created.

    To open m.Stock account offline download the m stock account opening form:

    1. Go to the m.Stock website and scroll to the bottom.
    2. Click on the Download option and download the account opening form for residents.
    3. Attach the following documents:
      • PAN details
      • Aadhaar Card
      • Bank account details
      • Nominee details
      • Income proof (if trading in Futures & Options, provide one of the following):
        • Form-16
        • Latest 6-month bank statement
        • Latest salary slips
        • Net worth certificate from a CA
        • Income Tax Return acknowledgement
    4. Send the completed form and documents to m.Stock's registered office address.
    5. The m.Stock team will contact you to verify the details.
    6. After verification, your account will be opened.

     

  2. 2. How to use m.Stock?

    To use m.Stock follow the steps:

    1. Download the m.Stock App: Available on both iOS and Android.
    2. Log in to your account: Use your registered mobile number and password.
    3. Explore features: Access various segments such as equities, mutual funds, and IPOs.
    4. Place trades: Use the intuitive interface to buy or sell securities.
    5. Monitor your portfolio: Keep track of your investments and market movements.
    6. Utilise tools: Leverage fundamental & historical data, market news, and analytical tools to make informed decisions.

     

  3. 3. How to close m.Stock account online?

    To close your m.Stock account online, follow these steps:

    1. Log in to your m.Stock account using the mobile app.
    2. Check your balance: If it’s negative, clear the balance.
    3. Tap the menu and select the "Edit" icon next to your name.
    4. Click on "Edit" next to Contact Details.
    5. Select "Segments."
    6. Click on "Close My Account."
    7. Enter your PAN details and request an OTP.
    8. Select "Yes" and provide a reason for closing the account.
    9. Click on eSign using your Aadhar via NSDL.
    10. Enter your Aadhaar number and the received OTP.

    Your account closure request will be submitted.

     

  4. 4. How to deactivate m.Stock account?

    To close your demat account with m.Stock by Mirae Asset offline, follow these steps:

    1. Download the account closure form from the m.Stock website under the "Download" section at the bottom of the website or collect it from their office or click here.
    2. Complete the Form: Fill in the necessary details, including your demat account number, personal information, and reasons for closure.
    3. Submit Documents: Attach necessary documents such as your ID proof, account statement, and PAN card.
    4. Clear Dues: Ensure that all dues or fees related to your account are cleared.
    5. Submit Form: You can submit the form by visiting the nearest m.Stock branch, sending it via courier, or mailing it to their registered office.

    Ensure that there are no holdings in your demat account. If there are, either transfer them to another demat account or sell them off.

     

Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Information on this page was last updated on Tuesday, November 19, 2024

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.


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