m.Stock Review 2026
One Account. Zero Brokerage. Lifetime Investing.
About m.Stock
Mirae Asset Capital Markets (India) Private Limited launched m.Stock as its technology-driven discount broking platform to offer low-cost investing and trading services to retail investors. Backed by the global Mirae Asset Financial Group, the broker is registered with SEBI and is a member of NSE, BSE, and MCX, allowing clients to trade across multiple asset classes through a single Trading and Demat account.
m.Stock offers investment opportunities in equities, derivatives, commodities, mutual funds, IPOs, ETFs, bonds, and Margin Trading Facility (MTF). The platform is known for its affordable pricing model, including zero brokerage plans and low-cost trading options. Investors also get access to advanced web and mobile trading platforms featuring real-time market data, advanced charting, option chain, watchlists, basket orders, and portfolio tracking.
With the backing of Mirae Asset's global financial expertise, m.Stock combines modern technology with transparent pricing to deliver a seamless investing experience. Its paperless account opening process, competitive brokerage structure, and growing range of investment products make it a suitable choice for beginners as well as active traders looking for a value-driven discount broker.
| Broker type | Discount Broker |
|---|---|
| SEBI Registration | INZ000163138 |
| NSE Member code | 13198 |
| Net worth | ₹2,611.66 Cr |
| Year of incorporation | 1985* |
| Exchange membership | NSE · BSE · MCX |
| Account opening charge | ₹0 |
| Demat AMC | ₹999 + GST (One-time Lifetime AMC Plan)* |
m.Stock brokerage charges
| Segment | Brokerage |
|---|---|
| Equity Delivery | ₹0 (Zero Brokerage Plan) |
| Equity Intraday | ₹5 per executed order* |
| Equity Futures | ₹5 per executed order* |
| Equity Options | ₹5 per executed order* |
| Currency F&O | ₹5 per executed order* |
| Commodity F&O | ₹5 per executed order* |
m.Stock trading platforms
m.Stock Web Web
Browser-based trading platform offering equities, F&O, commodities, IPOs, mutual funds, ETFs, advanced charting, option chain, watchlists, and real-time market data.
m.Stock Mobile App Mobile
Android and iOS application for trading and investing with portfolio tracking, advanced charts, price alerts, market watch, and seamless order execution.
m.Stock Desktop Desktop
Desktop trading platform for active traders featuring advanced charting, multiple market watch windows, technical indicators, fast order execution, and customizable layouts.
m.Stock pros & cons
Pros
- Zero brokerage plans available for eligible customers.
- Low-cost trading across multiple segments.
- Backed by the globally recognized Mirae Asset Financial Group.
- Supports stocks, F&O, commodities, IPOs, mutual funds, ETFs, and bonds.
- Margin Trading Facility (MTF) and advanced trading platforms available.
- Fully digital and paperless account opening.
Cons
- Research offerings are comparatively limited versus full-service brokers.
- Call & Trade service is chargeable.
- Some pricing benefits are available only under specific subscription plans.
- Physical branch presence is smaller than traditional full-service brokers.
- Advanced advisory services are limited compared to research-focused brokers.
m.Stock margin & leverage
| Segment | Margin | Leverage |
|---|---|---|
| Equity Delivery | 100% of trade value | 1x |
| Equity Intraday | VAR + ELM Margin | Up to 5x* |
| Equity Futures | SPAN + Exposure Margin | As per available margin |
| Equity Options (Buy) | Premium Value | Not Applicable |
| Equity Options (Sell) | SPAN + Exposure Margin | As per available margin |
| Currency Futures & Options | SPAN + Exposure Margin | As per available margin |
| Commodity Futures & Options | SPAN + Exposure Margin | As per available margin |
m.Stock ratings & reviews
How to open a m.Stock account
Visit the official m.Stock website or download the m.Stock mobile app.
Register using your mobile number and verify it with the OTP. Enter your PAN, Aadhaar, email ID, and other required personal details.
Complete the online KYC process by uploading the necessary documents, linking your bank account, and completing Aadhaar-based eSign verification.
Once your application is successfully verified, your Trading and Demat account will be activated. You can then log in to the m.Stock platform and start investing or trading in stocks, F&O, commodities, IPOs, mutual funds, ETFs, bonds, and other investment products.
m.Stock complaints (exchange data)
Complaints filed against m.Stock at the exchanges, and the ratio per active client — a proxy for service quality.
| Exchange | FY | Clients | Complaints | Ratio |
|---|---|---|---|---|
| NSE | 2025–26 | 12,18,457 | 19 | 0.002% |
| NSE | 2024–25 | 10,84,321 | 24 | 0.002% |
| NSE | 2023–24 | 9,36,148 | 31 | 0.003% |
Compare m.Stock with other brokers
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