Mirae Asset launched mStock, a bargain stock brokerage firm, in April 2022. Mirae Asset is a well-known financial firm all over the world. mStock provides its clients with a wide range of investment and trading services, including currency, commodities, equities, IPOs, futures, and options. mStock is a discount broker that is SEBI-registered. mStock trades on the National Stock Exchange (NSE), the Bombay Stock Exchange (BSE), and the Multi Commodity Exchange (MCX). There are around 5.6 million active mStock clients. For account opening and trading services, mStock charges brokerage. When compared to other stockbrokers, mStock's brokerage fees are reasonable. mStock provides a sophisticated trading platform that makes trading simple and convenient. The mStock trading platform is intended to be user-friendly and accessible to investors of all skill levels, from novices to seasoned traders.
As we know, mStock has been incorporated into the stock market recently, so currently it offers trading and investment only for Indian investors. mStock does not offer services to non-resident investors (NRIs). mStock may provide trading and investment services to NRIs in the future.
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.
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.