m.Stock Pricing Page
m.Stock Charges (Short + Deep Analysis)
1. Account Opening Charge
₹0 account opening fee
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2. AMC Charge
Officially “₹0 AMC”
But Quarterly Operating Charge: ₹219 + GST every quarter
⚠️ Reality:
Yearly approx ₹1033 padta hai.
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3. Brokerage Charge
Segment Charge
Delivery ₹0
Intraday ₹5/order
Futures ₹5/order
Options ₹5/order
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4. Call & Trade Charge
₹0
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5. Auto Square Off Charge
₹100 per executed order + GST
⚠️ Intraday traders ke liye costly ho sakta hai.
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6. MTF Charge
Interest starting: 6.99% p.a.
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7. Pledge & Unpledge Charge
Type Charge
Pledge Creation ₹0
Pledge Closure ₹32 + GST
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8. DP Charge
₹18 per debit transaction + GST
⚠️ Delivery shares sell karne par lagta hai.
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9. DDPI Charge
Usually free digital activation.
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10. GST Charges
18% GST on: brokerage + transaction + DP + SEBI charges
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11. SEBI Fee
₹10 per crore turnover
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12. Stamp Charges
Segment Charge
Delivery 0.015%
Intraday 0.003%
Futures 0.002%
Options 0.003%
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13. Mutual Fund Charge
Direct mutual funds: ₹0 commission
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14. Payment Gateway Charges
Method Charge
UPI Free
Smart Pay Free
Net Banking ₹7–₹11 + GST
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15. Delayed Payment Charges
0.049% per day interest
⚠️ Approx 17–18% yearly.
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Safe & Unsafe
Safe ✅
Mirae Asset backed broker
SEBI registered
Legit broker hai, scam nahi
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Unsafe / Risk ⚠️
“Zero AMC” marketing confusing lag sakti hai
Quarterly charges hidden-feel dete hain
Kuch users ne app glitches report kiye
Auto square-off charge high hai
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Fayde (Advantages)
✅ Very low brokerage
✅ ₹0 delivery brokerage
✅ ₹5 F&O/intraday
✅ Free call & trade
✅ Low MTF interest
✅ Good for active traders
✅ Direct mutual funds free
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Nuksan (Disadvantages)
❌ Quarterly operating charges
❌ DP charges extra
❌ High RMS square-off fee
❌ App stability complaints
❌ Hidden-cost feeling for beginners
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Deep Final Analysis
Best For
Intraday traders
F&O traders
Heavy trading
Low brokerage users
Not Best For
Long-term investors
Beginners jo simple pricing chahte hain
Users jo hidden-type charges avoid karna chahte hain
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Final Verdict
Category Rating
Brokerage ⭐⭐⭐⭐⭐
Safety ⭐⭐⭐⭐
Transparency ⭐⭐⭐
Long-term Investing ⭐⭐⭐
F&O Trading ⭐⭐⭐⭐⭐
Overall
m.Stock cheap broker hai aur active trading ke liye strong option hai.
Lekin charges ko dhyan se samajhna zaroori hai, especially:
DP charges
Operating charges
Auto square-off charges.
Lemonn Demat vs mStock Demat Account Comparison 2026
Here is a 2026 latest charges comparison between Lemonn and m.Stock based on their published pricing pages. Lemonn Demat vs mStock Demat Account Comparison 2026 Charges Lemonn m.Stock Account Opening ₹0 ₹0 AMC (Annual Maintenance) ₹0 ₹0 (as advertised) Equity Delivery Brokerage ₹20/orde ₹10/order Intraday Brokerage ₹20/order ₹10/order F&O Brokerage ₹20/order ₹10/order Call & Trade ₹50 per ISIN ₹0 Auto Square-off ₹50 per ISIN ₹100 per order + GST DP Charges (sell transactions) ₹13.5 + GST per scrip ₹18 + GST per debit transaction MTF Interest 12.99% p.a. Starting 8.99% p.a. Pledge / Unpledge ₹20+ GST per PSN ₹32 + GST per PSN Platform Charges ₹0 ₹0 Which is cheaper? For delivery investors m.Stock is generally cheaper because brokerage is ₹10/order versus ₹20/order at Lemonn . For F&O traders m.Stock again has lower brokerage (₹10/order vs ₹20/order). For frequent users of Call & Trade m.Stock charges ₹0 while Lemonn charges ₹...
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