A Complete M Stock Review
Dive into our mStock Review and explore the revolutionary offerings of Mstock. mStock is a new-age stock broker with cutting-edge technologies by Mirae Asset, who have more than 25+ years of experience globally in the financial market. They reached a customer base of 3 lakhs very rapidly within a year only.
They provide free brokerage across all segments, which is the first in the industry. Their plans are customer-centric and in the long run very beneficial for customers in financial terms.
Mirae Asset is a South Korean company, whose headquarters is in Seoul. It has a global presence in major developed and developing countries. They have 25+ years of experience in the financial sector. In India, they are present for more than 15+ years. They mainly deal in mutual funds and provide high-end mutual fund schemes and top-notch customer service.
Last year they launched Mstock for investment in Equity, Currency, IPOs, and Mutual Funds. Their growth is phenomenal with features like lifetime free brokerage charge and lifetime free AMC.
They also provide a margin for investment at the lowest rates up to 6.99%. This is the lowest in the current market scenario. The margin funding is very helpful for a person with lower capital for investment. If they have good knowledge about the markets, with margin funding they can earn in multiple folds. Let’s talk about the key features of the mStock review:
Key features of M stock Review:
- Zero brokerage charge across all the segments, by paying just a one-time charge of Rs 999/-. or pay Rs 20 per executed order. If you are trading or investing, just by paying a one-time fee you are free from the brokerage charge, which eventually saves a lot. It increases your net profits as overheads are less. As we say money saved is money earned. The proportion of savings will increase with the increase in your trade volumes, which is generally the opposite of other brokers, where you have to pay higher charges with high trade volumes.
- Lifetime free AMC charges by paying just one one-time charge of Rs 999/- or paying Rs 120/- per quarter. If you are opting for the lifetime plans, it also saves a lot every year as AMC is also a recurring charge with other brokers. It varies from around Rs 300 to Rs 1000 a year with other brokers.
- The lowest interest charge of 6.99% for margin trading funding. (only for equity) Also, no limit on the holding period. For other brokers, it ranges between 18% to 32% a year.
- Lowest DP charge of Rs 12 per scrip across competitors. For other brokers, it ranges from Rs 18 to Rs 28.
- Zero brokerage charge for Corporate actions. Many brokers charge around Rs 20 per place for corporate actions as well.
- All instruments like Equity, Currency, IPO, and Mutual funds are in a single platform.
- Cutting-edge technology with ease of interpretation features like Pivot point, live portfolio with smart actions, etc.
- Unique features like voice search for stocks and contracts. In general voice search is not provided by other brokers.
- Voice assistance on every step for help.
- You can see the whole portfolio on a single screen.
- Demo video with app download, which will guide you with the features of the platform.
Pros and Cons of mStock:
| Pros | Cons |
|---|---|
| User-Friendly Interface | Limited Research and Analysis Tools |
| Mobile Accessibility | Lack of Comprehensive Educational Resources |
| Real-Time Market Data | Limited Range of Investment Products |
| Quick Order Execution | Absence of Advanced Trading Features |
| Seamless Portfolio Management | Relatively Higher Brokerage Fees |
| Customizable Alerts and Notifications | Limited Customer Support Options |
| Integrated News and Analysis | Lack of Direct Participation in Corporate Actions like Buybacks and Rights Issues |
| Social Trading Features | Possible Platform Stability Issues During High Traffic |
| Instant Fund Transfers | Potential Security Concerns |
Trading Platform-
The trading platform is in the name of mStock only. The app is feature-rich and good from an investor’s point of view. For a trader, their or not many features are provided. From a trader’s point of view, a major missing is basket order. It is only one year for the platform, so maybe we can see some feature updates in the coming times. The app sometimes lags and does not work properly. The mStock Review provides an insightful analysis of the cutting-edge stock broker.
It has 5M+ downloads on the Play Store and is rated 3+. The last update was on August 3, 2023.
Comparison Among mStock, Zerodha, Groww, and Upstox
Note:- The AMC charge and brokerage charge for Mstock is free for a lifetime with a one-time fee of Rs 999+18%GST for each.
Conclusion – mStock Review
In conclusion, the M Stock Review sheds light on a modern stock brokerage that combines innovation, experience, and rapid growth. Backed by Mirae Asset’s extensive financial expertise, M Stock’s cutting-edge technologies and customer-centric approach have propelled it to amass an impressive customer base of 3 lakhs within just a year. With unique features, insightful analysis, and a commitment to empowering investors, M Stock stands as a beacon of the evolving landscape of stock trading. As you embark on your investment journey, consider M Stock as your partner in making informed and strategic choices, poised for success in the dynamic world of finance.
FAQs About mStock Review-
1. What is the brokerage charge for equity delivery in mStock?
Ans:- The brokerage charge for delivery is 0(zero) in mStock.
2. What is the brokerage charge for Futures & Options(Equity, Commodity, and Currency) in mStock?
Ans:- The brokerage charge for Futures (Equity, Commodity, and Currency) is 0 if you have taken Rs 999 for the lifetime plan, otherwise Rs 20 per executed order will be charged.
3. What is the trading platform of mStock?
Ans:- The mStock is the trading platform of mStock.
4. What are the AMC charges of M stock?
Ans:- The AMC charge is free with a Rs 999 lifetime plan, otherwise you have to pay Rs 120 per quarter.
5. Which exchanges can I trade in Mstock?
Ans:- You can trade in NSE or BSE both.
6. What are the account opening charges at Mstock?
Ans:- For equity, the account opening charge is free at Mstock.
7. Can we apply for IPOs at Mstock, and what are the charges for applying?
Ans:- You can apply for IPOs at Mstock with a UPI ID. There are no charges for IPO applications at Mstock
8. What is the DP charge at Mstock?
Ans:- The DP charge at Mstock is Rs 12+18% GST.
9. What is the gateway charge at Mstock for adding funds?
Ans:- The gateway charge at Mstock is Rs 7-11+18%GST.
10. What is the Auto Square-off charge at Mstock?
Ans:- The Auto Square-off charge at Mstock is Rs 60+18% GST.
11. How much time is required for the withdrawal of funds at mStock?
Ans:- The withdrawal request will be processed within 24 working hours at mStock.
by Instockbroker Team | May 1, 2024