Everything with us cost
Lifetime ₹ 0 Brokerage & No Commission
FREE
Intraday, Delivery,
F&O, Mutual Funds,
IPOs, Currency
Demat & Trading Account Opening Charges
₹ 999
Zero brokerage for life
(Across Products)
Zero brokerage across Delivery, Intraday, F&Os, Mutual Funds, IPO, Currency
or
₹ 149 0
Free Delivery for life
(Delivery, Mutual Funds, IPO)
Brokerage of ₹20 applicable on Intraday, F&O and Currency
Optional
₹999 FREE AMC
Opt for free lifetime AMC by paying an additional ₹999, else pay ₹120 every quarter as AMC.
Additional GST & Partner fees applicable on selected plan
₹0 Brokerage & Lowest Other Charges in the Industry
| Type | Charges | m.Stock | Full Service Broker | Discount Broker |
|---|---|---|---|---|
| Brokerage | Delivery Intraday Futures ETF MTF (eMargin) Options Currency Mutual Fund IPO | ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 | Upto 0.55% Upto 0.19% Upto 0.05% Upto 0.55% Upto 0.55% Upto ₹100 Upto ₹25 ₹0 ₹4 | ₹0 - ₹20 ₹10 - ₹20 ₹10 - ₹20 ₹0 - ₹20 ₹0 - ₹20 ₹10 - ₹20 ₹0 - ₹20 ₹0 ₹20 |
| Average Brokerage | ₹0 | Upto 0.55% | Upto ₹20 | |
| Other Charges | DP Charges During Sell Transactions Payment Gateway Charges Call & Trade MTF Interest Rate | ₹12 Upto ₹11 ₹0 Upto 9.99% | 0.04% ₹6 ₹24 18% | ₹16 ₹9 ₹54 20% |
Note: Data basis the information available across the company websites
Watch real traders save big on m.Stock
₹ 1,20,000 brokerage a year or ₹ 0 brokerage for life? Choose wisely
Assuming 25 orders @ ₹ ₹20 brokerage and 20 trading days in a month
Calculate Now
No Hidden Charges
- Equity
- Currency
- eMargin
| Charges | Equity Delivery | Equity intraday | Futures | Options |
|---|---|---|---|---|
| Brokerage | Zero | Zero | Zero | Zero |
| Call & Trade Charges | Zero | Zero | Zero | Zero |
| STT/CTT | 0.1% on buy & sell | 0.025% on the sell side | 0.0125% on sell side | • 0.125% of the intrinsic value on options that are bought and exercised • 0.0625% on sell side (on premium) |
| Transaction charges | NSE: 0.00325% BSE: 0.00375% | NSE: 0.00325% BSE: 0.00375% | NSE: 0.0019% | NSE: 0.050% (on premium) |
| GST | 18% on (brokerage + transaction charges + SEBI charges) | 18% on (brokerage + transaction charges + SEBI charges) | 18% on (brokerage + transaction charges + SEBI charges) | 18% on (brokerage + transaction charges + SEBI charges) |
| SEBI charges | ₹10 / crore | ₹10 / crore | ₹10 / crore | ₹10 / crore |
| Stamp charges | 0.015% or ₹1500 / crore on buy side | 0.003% or ₹300 / crore on buy side | 0.002% or ₹200 / crore on buy side | 0.003% or ₹300 / crore on buy side |
| Charges | Futures | Options |
|---|---|---|
| Brokerage | Zero | Zero |
| Call & Trade Charges | Zero | Zero |
| STT/CTT | No STT | No STT |
| Transaction charges | NSE: Exchange txn charge: 0.0009% | NSE: Exchange txn charge: 0.035% |
| GST | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
| SEBI charges | ₹10 / crore | ₹10 / crore |
| Stamp charges | 0.0001% or ₹10 / crore on buy side | 0.0001% or ₹10 / crore on buy side |
| Charges | MTF (eMargin) |
|---|---|
| Interest Rate | 6.99% - 9.99% |
| Brokerage | Zero |
| Subscription Fee | Zero |
| Margin Pledge | ₹25^^ |
| GST | 18% on (brokerage + transaction charges) |
Mutual Fund Charges 
No fees on Mutual Fund Direct Plans
DP (Depository Participant) Charges
₹12 + GST per ISIN per transaction per day will be charged as DP charges for sell transactions charged by CDSL & m.Stock
Pledge Charges
- Pledge creation & closure charges will be ₹25 per PSN (Pledge Sequence Number) per day (+GST) for 'Lifetime free AMC' plan
- Pledge creation & closure charges will be ₹32 per PSN (Pledge Sequence Number) per day (+GST) for standard quarterly AMC plan
Quarterly Operating Charges
- ₹99 + 18% GST per quarter for clients under the standard quarterly AMC plan
- No operating charge will be applicable for clients under the 'Lifetime free AMC' plan
Upgrade Charges
- Brokerage Plan: In case you opt for Free Delivery account during account opening and upgrade later, then you will have to pay ₹1,299.
- AMC Plan: In case you opt for standard AMC plan (₹120 per quarter) during account opening and upgrade later, you will have to pay ₹1,299.
Off-market Transfer Charges
Transfer in FREE - Transfer out ₹20 per transaction or 0.50% whichever is lower
Corporate Action Order Charges
Lifetime Zero brokerage in the Zero Brokerage account at a one-time fee of ₹999. In case of Free Delivery account, a charge of ₹20 per transaction will be levied
Delayed Payment Charges
Interest is levied at 18% a year or 0.05% per day on the debit balance in your trading account
Physical CMR Request
First CMR request is free. ₹20 + ₹100 (courier charge) + 18% GST for subsequent requests
Payment Gateway Charges - Margin Fund Transfer
UPI Transactions are Free and in case of Net banking, charges will vary between ₹7 - ₹11 + GST depending on the bank selection
Physical Statement Courier Charges
₹100 per request + ₹100 per courier
Demat per certificate
A charge of ₹150 per certificate + ₹100 courier charges will be levied
Remat Charges
A charge of ₹150 per certificate + ₹100 courier charges + CDSL Charges will be levied
Failed Instruction Charges
A charge of ₹50 per instruction will be applied
Reactivation Charges
No charge will be applicable for account reactivation
Modification charges
A charge of ₹20 will be applicable per request
Account Closure Charges
No charge will be applicable for account closure
18% GST
On Brokerage, DP charges, Exchange Transaction charges, SEBI charges and Auto Square-Off charges
Physical Delivery of Derivatives
Nominal brokerage 0.05% of the contract value will be charged when physical delivery happens.
Transaction/Turnover Charges
BSE transaction charges on securities traded in X, XT and Z group is 0.10% per crore & for 'P', 'ZP', 'SS' and 'ST' group, it is 1% per crore on the gross turnover value
Other Charges
- RMS square-off-charges for open intraday positions by system - ₹60 per position
- Auction if unable to deliver a stock (not in demat) - As per actual penalty by exchange
999 Account
With this account, you will be charged a one-time Account opening fee of Rs.999, where you get to trade across all products @ Zero brokerage. This is a not a recurring charge. Zero brokerage charges are not linked to any subscription pack, or a limited number of trades and this is not a limited time offer.
149 Account
With this account, you will be charged a one-time Account opening fee of Rs. 149, subsequently you will be charged at Rs. 20 per trade across products. Delivery trades, Mutual Funds & IPOs are @ Zero brokerage.
Demat AMC
FREE for Life
If you go for Rs. 999 Demat AMC, you will not be charged AMC ever again. Alternatively, you can choose to pay Rs. 120 at the end of every quarter.
With 999 Account & 999 AMC - you get a ZERO charges account without any Catch
- No limit to number of orders
- No prior brokerage commitment
- No subscription attached
- No date of expiry
Open your Lifetime Free Brokerage Account Onboarding in just 5 minutes**
Customer Testimonials
Here's what the world has to say
Kummara India
When I opted for the ₹999 Zero Brokerage plan, I was expecting a long list of T&C but it is truly a zero brokerage platform. Simply WOW!
Tenneti India
Having carefully understood the m.Stock zero brokerage & pricing model, I can say with confidence that it is unmatchable in the current market.
Aditya India
When I heard that m.Stock is a zero brokerage platform I thought it was some sort of a scheme or scam. But, to my surprise, it is CLEARLY not! It is a perfect app for Indian small traders.
Dipankar India
Zero Brokerage sounded too good to be true but still I chose ₹ 999 account & was surprised to find that there were no hidden charges. I also opted for the free AMC by paying an additional ₹ 999.
Iamamitvasu India
Get Zero Brokerage for life at one time fee ₹999 across products for life! A biggest revolution in broking industry! Hats off team Mirae!
Tax Guru India
My account opening process on m.Stock trading app was incredibly simple. A hassle-free investment with a one-time cost of Rs.999.
How the world sees us
As an experienced financial expert with in-depth knowledge of brokerage platforms, I can provide insights into the concepts mentioned in the article you provided. The article discusses the features and charges associated with a brokerage platform, likely named m.Stock. Here's a breakdown of the key concepts mentioned:
-
Account Types:
- ₹999 Account: One-time account opening fee of ₹999 with zero brokerage charges for a lifetime.
- ₹149 Account: One-time account opening fee of ₹149 with brokerage charges of ₹20 per trade across products.
-
Demat and Trading Account Opening Charges:
- ₹999 one-time fee for zero brokerage across all products or ₹149 with ₹20 brokerage on Intraday, F&O, and Currency.
-
Brokerage Charges:
- Zero brokerage for life across Delivery, Intraday, F&O, Mutual Funds, IPO, and Currency for ₹999 account.
- ₹149 account has zero brokerage for Delivery, Mutual Funds, IPO; ₹20 brokerage for Intraday, F&O, and Currency.
-
Other Charges:
- DP Charges, Payment Gateway Charges, Call & Trade Charges, MTF Interest Rate, and more.
- No hidden charges and lowest other charges in the industry.
-
Average Brokerage:
- ₹0 for ₹999 account, up to 0.55% for other services.
-
Equity, Currency, eMargin Charges:
- Zero brokerage for various services, including Call & Trade charges.
-
STT/CTT, Transaction Charges, GST, SEBI Charges, Stamp Charges:
- Detailed information on charges associated with different types of transactions.
-
Mutual Fund Charges:
- No fees on Mutual Fund Direct Plans.
-
Additional Services and Charges:
- Account closure charges, off-market transfer charges, reactivation charges, and more.
-
Customer Testimonials:
- Positive feedback from users who opted for the ₹999 Zero Brokerage plan, praising the transparency and simplicity.
-
Account Types Comparison:
- Comparison of benefits and charges between the ₹999 and ₹149 accounts.
-
Lifetime Free AMC:
- Option to choose lifetime free AMC by paying an additional ₹999 or pay ₹120 every quarter.
-
Real Traders' Savings:
- Example calculation of potential savings based on trading frequency.
-
Terms & Conditions and Privacy Policy:
- Users are required to agree to all terms and conditions and privacy policies.
In summary, the article provides a detailed overview of the pricing models, account types, charges, and user testimonials associated with the m.Stock brokerage platform, aiming to highlight its transparency and cost-effectiveness.
