STOCK BROKER REVIEW | INVESTING | UPCOMING IPO | ALGO TRADING | TECHNICAL ANALYSIS
Login / Sign Up

mStock Brokerage - Optimize Costs for Smart Trading | Garv Thakur

 
 
 

mStock Account Opening Enquiry


  • Best Margin

  • Zero Brokerage.

  • Free Api

  • 24*7 Customer Support.

  • Fastest mobile support

 
Open Instant Online Account
 
Get Instant Call Back

mStock Brokerage Charges and Details Review 2024

mStock is a well-known discount stock brokerage firms offering its trading and investment services in the Indian stock market. Mirae Asset is the parent company of mStock discount brokerage firms. mStock offers you to invest in NSE, BSE, and  MCX. mStock is SEBI registered broker and depositary member of CDSL & NSDL, mStock broker review offers the facility to open demat & trading accounts in its platform. mStock provides the facility to invest in equities, derivatives, currencies, commodities, mutual funds, and national IPOs. 


mStock brokerage charges are almost zero as compared to other stockbrokers’ stock brokerage charges. With zero pricing, mStock Brokerage plans are an excellent option for beginner and experienced investors. This mStock brokerage reviews provide you the information about all types of charges.


mStock Brokerage Plans

mStock offers two types of brokerage plans. These plans also include account opening charges and AMC charges. These mStock brokerage plans are mentioned below:

1. ₹149 Plan: In this plan zero brokerage for a lifetime for delivery, mutual funds, and IPOs. 

But brokerage of ₹20 is applicable on Intraday, F&O, and Currency trading.

2.  ₹999 Plan:  In this plan zero brokerage across Delivery, Intraday, F&Os, Mutual Funds, IPO, Currency.


Also, mStock offers ₹999 plan for lifetime AMC charges. This plan can be selected with any above-mentioned plans. 


mStock Account Opening Charges


Account Type

Charges

Demat Account Opening Charges

₹149 or ₹999

Demat Account AMC Charges

₹149 or ₹999

₹149 or ₹999 + ₹999 (One time AMC)

Trading Account Opening charges

₹149 or ₹999

Trading Account AMC Charges

₹149 or ₹999

₹149 or ₹999 + ₹999 (One time AMC)


mStock Brokerage Fees or Charges Details

mStock brokerage list of charges for different- different segments is mentioned below:

Charges TypeEquityCurrency
BrokerageZeroZero
Call & Trade ChargesZeroZero
Securities Transaction Charges (STT)
0.1% on buy & sell (Equity Delivery)
0.025% on the sell side (Equity Intraday)
0.0125% on the sell side (Equity Futures)
NIL (Currency Futures)
NIL (Currency Options)
0.125% of the intrinsic value on options that are bought and exercised
0.0625% on the sell side (on premium)
Transaction
BSE: 0.00375% (Equity Delivery)
NSE: 0.00325% (Equity Delivery)
BSE: 0.00375% (Equity Intraday)
NSE: 0.00325% (Equity Intraday)
NSE: Exchange txn charge: 0.0009% (Currency Futures)
NSE: Exchange txn charge: 0.035%(Currency Options)
NSE: 0.0019% (Equity Futures)
NSE: 0.050% (Equity Options)
GST18% on brokerage + transaction charges + SEBI Turnover fees18% on brokerage + transaction charges + SEBI Turnover fees
SEBI Charges₹10 / crore₹10 / crore
Stamp Charges0.015% on the buy-side (Equity Delivery)
0.003% on the buy-side (Equity Intraday)

0.002% only on buy orders(Equity Futures)
0.003% only on buy orders (Equity Options)
0.0001% on the buy side (Currency Futures)
0.0001% on the buy side (Currency Options)


mStock Brokerage Charges for Margin Trading

ChargesMTF (eMargin)
Interest Rate6.99% - 9.49%
BrokerageZero
Subscription chargesZero
Margin Pledge₹25^^
GST18% on (brokerage + transaction charges)

mStock Other Transaction Charges

ChargesRate
DP (Depository Participant) Charges₹12 + GST per ISIN per day
Pledge Chargespledge creation & closure charges - ₹25 per PSN per day +GST (For ₹999 AMC plan)
pledge creation & closure charges - ₹32 per PSN per day +GST (For ₹480 AMC plan)
Quarterly Operating Charges₹99 + 18% GST per quarter
Off-market Transfer ChargesTransfer in FREE - Transfer out ₹20 per transaction
Corporate Action Order ChargesZero charges (For ₹999 AMC plan)
Charges ₹20 per transaction (For ₹149 AMC plan)
Delayed Payment ChargesInterest is levied at 18% a year or 0.05% per day
Physical CMR RequestThe first CMR request is free
₹20 + ₹100 (courier charge) + 18% GST for subsequent requests
Payment Gateway Charges - Margin Fund TransferUPI Transactions Free
₹7 - ₹11 + GST depending on the bank selection (Net banking)
Physical Statement Courier Charges₹100 per request + ₹100 per courier
Demat per certificate₹150 per certificate + ₹100 courier charges
Remat Charges₹150 per certificate + ₹100 courier charges + CDSL Charges
Failed Instruction Charges₹50 per instruction
Reactivation ChargesNo charge applicable for account reactivation
Modification charges₹20 per request
Account Closure ChargesNo charge for account closure
Physical Delivery of DerivativesNominal brokerage 0.05% of the contract value will be charged when physical delivery happens.
RMS square-off-charges for open intraday positions₹60 per position


Comments for mStock Brokerage - Optimize Costs for Smart Trading | Garv Thakur

0 comments

 

Frequently Asked Questions


Mstock offered 1 times margin in the Future and options. Where Mstock margin for option selling is not provided to its customers.
No MStock is not Brokerage Free.
E- Margin facility available on some limited stocks only offered by stock exchanges.
It has a registered office location at Quinox Business Park, LBS Marg, Off BKC, Kurla (W), Mumbai - 400 070
You can contact us via mail or phone no- Contact No: 022-62661360, Email Id: help@mstock.com
Yes, Mstock Provide Mutual fund investment.
Yes GTT Order is available in Mstock broker and It is available for android and IOS Both.
Equity Intraday Exposure is Equity Intraday 5x (Up to 20% of trade value)
Stock brokers typically earn money through commissions or fees. They may charge a commission for each trade executed on behalf of the investor or charge a fee for specific services such as portfolio management or advisory services. Some brokers also earn money through interest on margin accounts or by lending securities to short sellers.
Demat Account Opening Charges is ₹149 or ₹999/-
An IPO is your mode to create wealth by picking quality stocks and investing in competitive prices. This way, you may also get stock trading appreciation benefits in the future.
Yes, stock brokers are regulated by financial regulatory authorities in their respective jurisdictions. In the United States, for example, brokers must be registered with the Securities and Exchange Commission (SEC) or be a member of the Financial Industry Regulatory Authority (FINRA). These regulatory bodies help ensure that brokers adhere to specific standards and regulations designed to protect investors.
Buy today & sell tomorrow (BTST) is applicable when any investor buys the stock today which is ‘T’ day and sells it to the next day which is T+1 day.
Mahesh Shinde CEO of the MStock broker.
Demat AMC Charges in Mstock broker is ₹149 or ₹999 + ₹999 (One time AMC)