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m.Stock Brokerage Charges: Plans, Trading Fees & Complete Cost Guide

One Account. Zero Brokerage. Lifetime Investing.

Discount Broker Clients: 12 Lakh+ Since 1985* NSE · BSE · MCX
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Written By: The Top Stock Broker Last Updated: SEBI data verified

m.Stock brokerage is an important consideration for traders and investors comparing online stockbrokers. The total cost of a transaction is not limited to the brokerage charged by the platform. Investors may also incur statutory and exchange-related charges, including Securities Transaction Tax (STT), GST, stamp duty, exchange transaction charges, and applicable depository fees. The actual cost depends on the trading segment, transaction value, and applicable pricing plan.

m.Stock has promoted a low-cost brokerage model, making its pricing structure particularly relevant to active traders and cost-conscious investors. However, customers should check the latest pricing information before opening an account because brokerage plans, promotional offers, and service charges can change.

Equity delivery brokerage is an important consideration for long-term investors. When shares are purchased for holding in a Demat Account, transaction costs can affect the overall investment expense. Investors should consider both the cost of buying and selling securities, as well as applicable account and Demat charges.

Intraday trading involves buying and selling securities within the same trading session. Frequent traders can accumulate significant transaction costs because charges apply across trading activity. Investors should calculate the total cost of their strategy rather than assessing brokerage on an individual order alone.

m.Stock also provides access to supported derivatives trading. Futures and options have different cost structures and risk characteristics compared with equity investing. Traders should consider brokerage, exchange charges, statutory levies, margin requirements, and other applicable costs before entering derivative positions.

Account-related charges are separate from transaction brokerage. Depending on the applicable account structure and services, customers may encounter Annual Maintenance Charges, Demat transaction fees, pledge or unpledge charges, call-and-trade fees, or other service-related costs. Investors should review the complete tariff schedule before selecting an account.

Statutory charges can make up a meaningful portion of the final trading cost. STT, GST, stamp duty, exchange transaction charges, and regulatory fees are generally determined according to applicable rules. These charges can vary depending on the transaction type and market segment.

A brokerage calculator can help investors estimate the cost of a proposed transaction. By entering details such as buy price, sell price, quantity, and trading segment, users can estimate brokerage and other charges. Calculator results should be treated as estimates because applicable rates and charges may change.

When comparing m.Stock brokerage with other brokers, investors should consider the overall value rather than focusing solely on a headline brokerage figure. Trading platform quality, mobile app performance, research tools, customer support, investment products, account charges, and order-management features can also influence the suitability of a brokerage platform.

Traders should also consider how brokerage affects profitability. A strategy that generates frequent small gains may be significantly affected by transaction costs. Calculating costs in advance can help traders determine whether a particular strategy remains viable after brokerage and statutory charges.

Overall, m.Stock brokerage can be attractive to investors seeking a cost-conscious digital brokerage platform, but the complete expense depends on the applicable plan, trading segment, transaction value, and additional charges. Customers should verify the latest pricing schedule and calculate total costs before trading.

m.Stock account opening & AMC charges

TransactionFee
Trading account opening₹0
Trading account AMC₹0
Demat account opening₹0
Demat account AMC₹999 + GST (One-time Lifetime AMC Plan)*

m.Stock brokerage by segment

SegmentCharge
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*
Call & Trade₹20 per executed order
DP charges (per ISIN, sell)₹13.5 + GST per debit transaction
Note: m.Stock offers Zero Brokerage for Equity Delivery and a ₹5 per executed order pricing model for Intraday and F&O under its One Pricing Plan. Brokerage may vary if customers choose other applicable plans. Government taxes and statutory charges are charged separately.

m.Stock demat account charges

The demat account transactions are charged separately from the trading commission.

#TransactionCharges
1Demat Account Opening₹0
2Annual Maintenance Charges (AMC)₹999 + GST (One-time Lifetime AMC Plan)
3Debit Transaction Charges₹13.5 + GST per debit transaction
4Pledge / Unpledge Charges₹20 + GST per request
5Dematerialisation (Demat)₹150 per certificate + GST
6Rematerialisation (Remat)₹150 per certificate + GST
7Failed TransactionsNil

m.Stock transaction charges (exchange turnover charge)

A combination of exchange turnover charge and trade clearing charge, levied by the exchange and passed through.

SegmentTransaction Fee
Equity DeliveryNSE: 0.00297% • BSE: 0.00375%
Equity IntradayNSE: 0.00297% • BSE: 0.00375%
Equity FuturesNSE: 0.00173%
Equity OptionsNSE: 0.03503% (on premium)
Currency FuturesNSE: 0.00035%
Currency OptionsNSE: 0.03110% (on premium)
Commodity FuturesMCX: 0.00210%
Commodity OptionsMCX: 0.04180% (on premium)

m.Stock trading taxes & regulatory charges

Government taxes and fees in addition to the brokerage — shown in the contract note. Set by the government / regulator and identical across every Indian broker.

ChargeRate
Securities Transaction Tax (STT)Equity Delivery: 0.10% (Buy & Sell), Equity Intraday: 0.025% (Sell), Equity Futures: 0.02% (Sell), Equity Options: 0.10% (on intrinsic value at exercise)
GST18% on (Brokerage + Exchange Transaction Charges + SEBI Charges)
SEBI Turnover Charges₹10 per crore (0.0001%)
Stamp Duty (Buy Side Only)Equity Delivery: 0.015%, Equity Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, Currency Futures: 0.0001%, Currency Options: 0.0001%, Commodity Futures: 0.002%, Commodity Options: 0.003%

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Disclaimer: Investments in the securities market are subject to market risks; read all related documents carefully before investing. This page is for information only and is not investment advice. Brokerage, AMC and other charges change frequently — always verify against the broker's official website before opening an account. Affiliate disclosure: "Open account" links are affiliate links and we may earn a commission at no extra cost to you; this does not influence our ratings.

Frequently Asked Questions

m.Stock brokerage refers to the charges applicable to eligible trading transactions through the platform. The cost can vary according to the trading segment and applicable pricing plan.

The applicable equity delivery brokerage depends on the current m.Stock pricing structure. Investors should check the latest official tariff before placing a trade.

Statutory costs such as STT, GST, stamp duty, exchange transaction charges, and regulatory fees may apply separately according to the relevant transaction and regulations.

Depending on the applicable services and account structure, customers may incur Demat, maintenance, transaction, or other service-related charges.

Investors can use a brokerage calculator with details such as transaction value, quantity, buy price, sell price, and trading segment to estimate applicable costs.