Our research team manually verifies these brokerage rates, rules, and details directly against official SEBI disclosures and the broker's active tariff sheets.
m.Stock Review 2026
Mirae Asset's answer to high brokerage costs with a zero-brokerage-for-life model.
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Our Analyst Recommendation
m.Stock is rated 8.9/10 and stands out as a leading discount stock broker in India. It is highly recommended for High volume F&O and Intraday traders who want to completely eliminate brokerage fees. However, day traders or long-term investors should consider specific charges: equity delivery is Rs 0 and AMC is Rs 999 for Lifetime Free (or Rs 120/qtr).
Scorecard Metrics
Corporate Background & History
Launched as a disruptor, m.Stock removes per-order charges in exchange for a one-time fee.
Who Should Choose m.Stock?
High volume F&O and Intraday traders who want to completely eliminate brokerage fees.
Tariff Sheet & Pricing Structure
| Account Onboarding | Rs 999 (Zero Brokerage Plan) |
|---|---|
| Equity Delivery | Rs 0 |
| Intraday Brokerage | Rs 0 |
| Futures & Options | Rs 0 |
| Commodity Trading | Rs 0 |
| AMC (Annual Fees) | Rs 999 for Lifetime Free (or Rs 120/qtr) |
| Regulatory / DP Charges | Demat AMC |
*Note: Regulatory GST, Stamp Duty, and SEBI turnover taxes are applied extra. You can calculate your exact transaction-wise costs using our dedicated m.Stock Brokerage Calculator →
Trading Platforms & Infrastructure
- Web Browser Interface: Modern, fast, browser-based trading platform with TradingView charts.
- Mobile Trading App: Highly rated mobile app available on iOS and Android with biometric login.
- Desktop Pro Terminal: Installable desktop terminal for high-frequency traders.
App Interface & Charts Gallery
A preview of the high-fidelity chart analytics, buy/sell slips, and portfolio tracker modules available on m.Stock:
Technical Features Matrix
Broker Strengths (Pros)
- ✅ Literally Rs 0 brokerage across all segments
- ✅ Backed by a massive global financial brand
- ✅ Great for scalpers
Broker Limitations (Cons)
- ❌ High initial onboarding fee
- ❌ App stability during peak hours has been critiqued
The Final Verdict
Who Should Avoid: Casual investors who do 2 trades a year (the upfront Rs 999 fee won't break even).
m.Stock is a robust and dependable choices for retail investors, but active options scalpers or traditional traders requiring offline branch managers might prefer alternative banking systems.