m.Stock Brokerage Charges: Plans, Trading Fees & Complete Cost Guide
One Account. Zero Brokerage. Lifetime Investing.
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
| Transaction | Fee |
|---|---|
| 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
| Segment | Charge |
|---|---|
| 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 |
m.Stock demat account charges
The demat account transactions are charged separately from the trading commission.
| # | Transaction | Charges |
|---|---|---|
| 1 | Demat Account Opening | ₹0 |
| 2 | Annual Maintenance Charges (AMC) | ₹999 + GST (One-time Lifetime AMC Plan) |
| 3 | Debit Transaction Charges | ₹13.5 + GST per debit transaction |
| 4 | Pledge / Unpledge Charges | ₹20 + GST per request |
| 5 | Dematerialisation (Demat) | ₹150 per certificate + GST |
| 6 | Rematerialisation (Remat) | ₹150 per certificate + GST |
| 7 | Failed Transactions | Nil |
m.Stock transaction charges (exchange turnover charge)
A combination of exchange turnover charge and trade clearing charge, levied by the exchange and passed through.
| Segment | Transaction Fee |
|---|---|
| Equity Delivery | NSE: 0.00297% • BSE: 0.00375% |
| Equity Intraday | NSE: 0.00297% • BSE: 0.00375% |
| Equity Futures | NSE: 0.00173% |
| Equity Options | NSE: 0.03503% (on premium) |
| Currency Futures | NSE: 0.00035% |
| Currency Options | NSE: 0.03110% (on premium) |
| Commodity Futures | MCX: 0.00210% |
| Commodity Options | MCX: 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.
| Charge | Rate |
|---|---|
| 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) |
| GST | 18% 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% |