Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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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.
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.
One of the platform's most attractive features is the lifetime zero brokerage plan with a one-time fee of Rs 999. Unlike most brokers, this plan ensures zero brokerage on F&O, Intraday, Delivery, IPOs, ETFs, Currency and Mutual Funds, making it cost-effective for frequent traders and investors.
m.Stock users can also opt for the Free Delivery Account Plan, which offers zero brokerage for Delivery, Mutual Funds & IPO, and a brokerage of Rs 20 per executed order for intraday and all other segments. Call and trade charges are also absolutely zero.
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.
m.Stock offers two plans Option I: Lifetime Zero Brokerage Plan or Option II: Free delivery Plan (Brokerage of Rs 20 applicable on Intra Day, Futures, Options, and Brokerage on Buy Back/OFS/Tender Offer/Delisting segments as per executed orders). Following are the m.Stock account charges:
Feature |
Option I: Lifetime Zero Brokerage Plan |
Option II: Free Delivery Plan |
|---|---|---|
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Account Opening Charges |
Brokerage free account One-time cost = Rs 999 |
Free Delivery account Cost = No fees |
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Demat Account AMC |
Option 1 - Pay one-time fee Rs 999 + taxes and get Zero account maintenance charges for life Option 2 - Rs 219 + GST per quarter |
Quarterly operating charges Option 1 - Pay one-time fee Rs 999 + taxes and get Zero account maintenance charges for life Option 2 - Rs 219 + GST per quarter |
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Equity Delivery |
Free |
Free |
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Intraday |
Free |
Rs 20 per Executed Order or 0.3% of turnover value (whichever is lower) |
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Futures |
Free |
Rs 20 per Executed Order or 0.3% of turnover value (whichever is lower) |
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Options |
Free |
Rs 20 per Executed Order |
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Mutual Funds (Direct Plan) |
Zero Commission |
Zero Commission |
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Brokerage on Buy Back/OFS/Tender Offer/Delisting |
Free |
Rs 20 per Transaction |
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IPO |
Free |
Free |
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Currency |
Free |
Rs 20 Per Executed Order |
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Payment Gateway Charges for Margin |
Between Rs 7 to 11 + GST Per Transaction, In case of Net Banking. (Free for Transaction done through UPI and Smart Pay Transactions) |
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Operating Charges |
Rs 219+GST (To be recovered every quarter by Ledger Debit) Lifetime Free by paying One one-time charge of Rs 1,299+GST after account activation. |
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RMS Square off Charges |
Rs 100 per Executed Order + GST |
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Delayed Payment Charges |
Interest is applicable at 24% per year or 0.066% per day on the debit balance on the investors' Trading account. |
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Physical Document Charges, including Contract Note |
Rs 100 per Document Request + Rs 100 Courier Charges |
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m.Stock Demat account opening charges are Rs 0. Annual maintenance charge is free.
|
ID |
Transaction |
Demat Charges |
|---|---|---|
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1 |
Demat Account opening charges |
Brokerage free account One-time cost = Rs 999 Zero brokerage across Intraday, F&O, Delivery, Mutual Funds, IPOs etc. Free Delivery account Cost = No fees Zero brokerage for life only on Delivery, Mutual Funds & IPOs. Rs 20 brokerage on Intraday, F&O, Pay Later (MTF), Currency etc. ^Plus applicable charges |
|
3 |
Debit Transaction Charges (Off-Market Trades) |
0.50% of the value of the transaction or Rs 20/- (per Instruction) whichever is lower |
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4 |
Debit Transaction Charges (Market Trades) |
Rs 12 per ISIN + GST |
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5 |
Dematerialization Charges |
Rs 0 |
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6 |
Rematerialization Charges |
Rs 0 |
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7 |
Physical Client Master Report Charges |
NA |
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8 |
Courier Charges for Demat/Remat/Demat Rejn./CMR/DIS/ Any Periodic /Adhoc Statement |
Rs 100 |
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9 |
Pledge /Unpledge/Closure/Invocation/Repledge Request for MTF orders and Pledge share facility |
Up to Rs 32 + GST per PSN (Pledge Sequence Number) |
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10 |
Periodic/Adhoc Statement |
Rs 100 per request + Rs 100 per courier |
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11 |
Failed/Rejected Instruction Charges |
Rs 0 |
The process for claiming to refer and earn with m.Stock:
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 Zero Brokerage account. When the referee opens the account, a referral reward of Rs 555 will be credited to the referrer’s account within 48 hours.
Visit mStock Brokerage Charges Review for more detail.
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.
m.Stock allows you to open a 2-in-1 account Demat and Trading account in just a few minutes. Following is the m.Stock account opening process:
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.
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. With zero brokerage fees, the mobile app is ideal for both beginners and active traders seeking a simple yet powerful trading tool.
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. Like the mobile app, it supports zero brokerage trading, making it a cost-effective solution for both casual and seasoned investors.
Visit mStock Trading Software Review for more detail.
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.
The following are the advantages of mStock. You must read mStock advantages and disadvantages before opening an account with mStock. mStock pros and cons help you find if it suits your investment needs.
The following are the cons of mStock. Check the list of mStock drawbacks.
mStock margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. mStock F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for mStock F&O carry forward positions and equity delivery trades.
| Segment | Margin | Leverage |
|---|---|---|
| Equity Delivery | 100% of trade value for T+5 days | 1x |
| Equity Intraday | Up to 20% of trade value | 5x |
| F&O (Equity, Currency and Commodities) | 100% of NRML margin (Span + Exposure + Delivery margin) | 1x |
| Overall Rating | |
| Fees | |
| Brokerage | |
| Usability | |
| Customer Service | |
| Research Capabilities |
Based on Votes by mStock Customers
Do you trade with mStock? Rate mStock
m.Stock's Pay Later (MTF) facility offers a cost-effective solution for investors looking to leverage their portfolio with minimal initial capital. Pay Later (MTF) is m.Stock's Margin Trading Facility that enables you to buy stocks with only 20% upfront capital. m.Stock finances the remaining 80% of the stock value, allowing you to invest in higher volumes with minimal investment.
Let's see the key features of m.Stock Margin Trading Facility - Pay Later (MTF).
Key Features of m.Stock Pay Later (MTF):
m.Stock Margin Trading Funding charges:
|
Funding Value |
Interest Rate |
|---|---|
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Above Rs 5 crore |
6.99% p.a. |
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Up to Rs 5 crore |
9.99% p.a. |
Read m.Stock Margin Trading Facility (MTF) article.
The Pledge Shares facility on m.Stock lets traders use their existing stocks as collateral to get extra margin for trading. It's like borrowing against your stock portfolio, but without selling any shares. This extra margin allows you to trade more than you normally could, enabling bigger and potentially more profitable trades.
Below are the main advantages of the pledge option at m.Stock:
Key Benefits of the m.Stock Pledge Shares Offering
Read m.Stock Pledge Shares.
m.Stock is an online stock trading platform founded by Mirae Asset Capital Markets (India) Pvt Ltd in 2022. It offers a variety of investment options including stocks, currencies, IPOs and direct mutual funds.
The platform's standout feature is its lifetime zero brokerage plan, which makes trading cost-efficient. m.Stock supports more than 1,000 transactions daily and offers margin trading, investment calculators, and a seamless account opening process via the MIRA voice assistant.
The Margin Trading Facility (MTF)or Pay Later (MTF) on m.Stock allows users to buy stocks by borrowing money from the broker. With m.Stock, traders can obtain up to 80% financing for over 700 stocks at an interest rate of only 6.99% p.a.
The Pay Later (MTF) process involves pledging shares before buying, placing an order and taking advantage of one of the lowest interest rates in the industry, making it extremely competitive. There are no hidden costs and the holding period of the shares is unlimited.
Yes, m.Stock offers a Lifetime Zero Brokerage Plan for a one-time fee of Rs 999. In this plan, the brokerage for stock delivery, intraday, futures, options, currency, IPOs, ETFs, mutual funds and buyback offers is free.
A zero brokerage account from m.Stock can positively impact your P&L by increasing your profits and reducing your overall costs:
Alternatively, users can opt for the standard Plan for Rs 0, which includes free delivery of shares but a brokerage of Rs 20 per executed order for other segments like intraday, futures and options.
m.Stock Broker offers the option of a free demat and trading account under its Lifetime Zero Brokerage Plan with a one-time fee of Rs 999. However, there is also a standard Plan with Rs 0 as an account opening fee. Other fees, such as transaction fees and taxes, may apply depending on the plan and type of transaction.
m.Stock offers two plans: Zero Brokerage and Discount Brokerage.
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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FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
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