A Complete M Stock Review

Dive into our mStock Review and explore Mstock’s revolutionary offerings. mStock is a new-age stock broker with cutting-edge technologies by Mirae Asset, with more than 25+ years of experience globally in the financial market. It reached a customer base of 3 lakhs very rapidly within a year only.

They provide free brokerage across all segments, the first in the industry. Their plans are customer-centric and, in the long run, very financially beneficial for customers.

Mirae Asset is a South Korean company headquartered in Seoul. It has a global presence in major developed and developing countries. The company has 25+ years of experience in the financial sector and has been in India for more than 15+ years. It mainly deals in mutual funds and provides high-end schemes and top-notch customer service.

Last year, they launched Mstock to invest in equity, currency, IPOs, and mutual funds. Their growth is phenomenal, and they offer features like a 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 weakest in the current market scenario. 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 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 you a lot. It increases your net profits as overheads are less.
• Lifetime-free AMC charges by paying just one one-time charge of Rs 999/- or 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 is 6.99% for margin trading funding. (only for equity) Also, there is no limit on the holding period. For other brokers, it ranges from 18% to 32% annually.
• The lowest DP charge is 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 on a single platform.
• Cutting-edge technology with ease of interpretation features like Pivot point, live portfolio with intelligent actions, etc.
• Unique features like voice search for stocks and contracts. In general, other brokers do not provide voice search.
• Voice assistance on every step for help.
• You can see the whole portfolio on a single screen.
• A demo video with an app download will guide you through the platform’s features.

Pros and Cons of mStock:

Trading Platform-

The trading platform is under the name mStock only. The app is feature-rich and suitable from an investor’s point of view. For a trader, there are only a few features. From a trader’s perspective, basket order is a significant missing. The platform has only been around for one year, so we may see feature updates in the coming days. The app sometimes lags and does not work correctly. 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 and brokerage charges for Mstock are free for a lifetime with a one-time fee of Rs 999 + 18% GST for each.

Conclusion

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, mStock’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 stock trading landscape. As you embark on your investment journey, consider mStock as your partner in making informed and strategic choices, poised for success in the dynamic world of finance.

FAQs About mStock Review: