As per SEBI guidelines, for the purpose of trading in the stock market, one needs to open a Demat and trading account with a registered broker. There are typically 3 kinds of brokers in India:
Full-service brokers
Discount brokers
Brokers offering Zero Brokerage
As the name suggests, full-service brokers provide a full spectrum of services including market research, insights, and relationship managers for hand holding etc. But they charge very high brokerage for providing these services.
The next type of brokers are the discount brokers. They do not provide investment advice or relationship managers or branches for trading. Instead, they pass on this saved cost to their customers by way of flat fee irrespective of the trading volume.
The third type of brokers are brokers who charge zero brokerage. With a one-time fee, you can trade across all products for free with m.Stock, which is pioneering the zero brokerage revolution in India.
Why you must open a Zero Brokerage account with m.Stock
Zero brokerage
m.stock charges zero brokerage for life, on Delivery, F&O, Intraday, Currencies, IPOs, MTF, ETFs and everything els at a one-time fee of Rs. 999. With the zero brokerage account, you can trade for free across products for life. Alternatively, you can also choose to open a Free delivery account at zero cost and pay a flat rate of ₹20 per order on intraday, F&O, currencies etc.
There are no hidden brokerage charges when you trade or invest with m.Stock. Trade freely with utmost transparency.
Unlimited orders
There are no limitations on the number of orders that you can buy or sell. So, even if you place 1 order or 1,000 orders, m.Stock will charge you Zero brokerage.
No subscription fees
Many platforms charge you a subscription fee to avail margin trading facility. But with m.Stock, there are no subscription fees or charges on MTF (eMargin). When you eliminate the subscription costs, your real rate of return increases. Calculate your savings with m.Stock’s MTF calculator.
Most brokers do not levy brokerage on delivery trades. Instead, they charge on intraday and F&O trades. But with m.Stock, you trade across products including intraday and F&O, at zero brokerage for life.
High Returns
m.Stocks charges no subscription fees or brokerage, which ultimately yields higher returns for investors.
Brokerage charges might look miniscule in the beginning, But if you trade on a regular basis or if you are a long-term investor, then high brokerages will eat into your profits. The best way to avoid this is to shift to m.Stock’s zero brokerage account where you can enhance your trading experience and earn better ROI.
- Trading with a trusted zero stockbroker like m. Stock brings safety. All the data and transactions are safe and highly secured (bank grade security) to provide you with a comfortable and secured trading experience every time.
In addition to zero brokerage, m. Stock also charges zero subscription on Margin Trading Facility, eMargin. With a zero brokerage account, like in the case of other brokerage accounts, you can invest in all the major exchanges in India.
m.Stock app and web platform allows you to trade free for life at zero brokerage across all products by paying a one-time fee of Rs.999. Post this, no further charges are levied, and you enjoy zero brokerage for life.
There are no Call and trade charges levied on the users of m. Stock. The platform charges standard ₹120 AMC every quarter. However, investors do have the option to make AMC free for life by paying a one-time fee of ₹999.
You will be able to see the withdrawable funds. Select the bank account and enter the amount you wish to withdraw. Click on 'withdraw funds' Your payout request will be processed within 24 business hours.
It has to be paid irrespective of whether there is any transaction in the demat account. m. Stock gives investors the option of paying a one-time fee of ₹999 and making their demat account AMC-free for life.
Traditionally, brokers would charge a fee for each transaction based on the trade value. These charges could significantly affect the investor's profits, especially for high-volume traders. Zero brokerage accounts eliminate these transaction fees.
3-in-1 account: This is usually offered by bank-based brokers as it integrates your bank, trading and DEMAT accounts. From debit of money to credit of money, entire trading cycle is seamless with this type account.
m.Stock offers a brokerage-free plan for ₹999, while Zerodha charges ₹20 per executed order for intraday trading. The choice depends on your trading frequency and preferences.
- Make online payment and upon successful verification, your trading account will be opened within 24 hours. You will receive login credentials via email, which you can use to start trading in the stock market.
Introduction: My name is Mr. See Jast, I am a open, jolly, gorgeous, courageous, inexpensive, friendly, homely person who loves writing and wants to share my knowledge and understanding with you.
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