m.Stock Review
Mirae Asset's answer to high brokerage costs with a zero-brokerage-for-life model.
Zero Brokerage
Open Account
Background
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.
Charges Breakdown
| Account Opening | Rs 999 (Zero Brokerage Plan) |
|---|---|
| Equity Delivery | Rs 0 |
| Intraday | Rs 0 |
| F&O | Rs 0 |
| Commodity | Rs 0 |
| AMC (Annual) | Rs 999 for Lifetime Free (or Rs 120/qtr) |
| Other Charges | Demat AMC |
Trading Platforms
- Web Platform: Modern, fast, browser-based trading platform with TradingView charts.
- Mobile App: Highly rated mobile app available on iOS and Android with biometric login.
- Desktop Terminal: Installable desktop terminal for high-frequency traders.
Key Features
Margin Facility
Research Tools
API Access
Advanced Charts
Pros
- ✅ Literally Rs 0 brokerage across all segments
- ✅ Backed by a massive global financial brand
- ✅ Great for scalpers
Cons
- ❌ High initial onboarding fee
- ❌ App stability during peak hours has been critiqued
The Final Verdict
8.9out of 10
Who Should Avoid: Casual investors who do 2 trades a year (the upfront Rs 999 fee won't break even).