What is mstocks and Where It Comes From

m.Stock (also styled as mStock or m.Stock) is the trading and investment app from Mirae Asset, a global financial services firm with roots in South Korea. Mirae Asset entered India in 2007, and in 2022 created m.Stock to build a modern, zero-brokerage platform for retail traders across India and beyond Reddit+15m.Stock+15Reddit+15 Reddit.
Globally, Mirae Asset has operated since the early 1990s. In India, it’s now known for research, advisory, mutual funds, and broking services. m.Stock was built to bring all of this into one mobile-first experience .

Why Did m.Stock Start?

Mirae Asset spotted demand for affordable, tech-first trading in India.
They launched m.Stock with features like zero brokerage on delivery trades, flat ₹5–₹10 intraday fees, and tools for trading, learning, and community discussions creditsbuzz.com.
The idea: attract millennials and beginners tired of hidden charges and complicated platforms.

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Equity Trading

Zero brokerage for delivery (buy-and-hold) trades.
Intraday, F&O, and MTF trades at flat ₹5–₹10 per order Reddit+5creditsbuzz.com+5Reddit+5 Reddit+15m.Stock+15Reddit+15.
Supports NSE and BSE trading via app and web.

Futures & Options (F&O)

Advanced tooling: Option Chain, trade from charts, basket orders, conditional and AMO trades m.Stock Reddit+2m.Stock+2m.Stock+2.
Offers margin funding (Pay Later or MTF) at 6.99% interest and up to 80% funding on 700+ stocks/ETFs m.Stock+4m.Stock+4m.Stock+4.

Mutual Funds & ETFs

Direct mutual fund investment with 0% commission across 3,500+ schemes.
SIP setup with 2-click flow, Pledge ETFs for margin usage, and ETF access without extra fees Apple+13m.Stock+13m.Stock+13.

IPOs

Apply instantly via UPI, Real-time tracking, no extra fee for IPO investments m.Stock.

Trading APIs & Pledge & Smart Tools

Developers can use zero-cost APIs to automate orders or fetch data.
Instant pledge creation for collateral margin up to 87.5% with no charge.
Tools like Watchlist PRO, Smart universal search, trade-from-chart, voice assistant MIRA m.Stock+1m.Stock+1 Reddit+6m.Stock+6m.Stock+6.

How It Works: User Experience

Paperless onboarding: Complete KYC in under 5 minutes via UPI or Digilocker.
Unified dashboard: Monitor all investments (stocks, mutual funds, F&O) and P&L in one view.
Real-time data: Charts powered by TradingView; live tick data; price alerts; trending scrips suggestions startmytrade.com m.Stock.
Built for both novices (bite-size education) and active traders (smart filters, basket trades) creditsbuzz.com+1Apple+1.

Milestones & Events in m.Stock’s Timeline

Launch: App rolled out around 2022–2023 under the Mirae Asset India brand.
Growth phase: Reached 20+ lakh users, facilitated over 89 crore trades, up to 7,467 trades/min today m.Stock+10m.Stock+10m.Stock+10.
Media coverage: In late 2024, m.Stock joined a wave of zero-brokerage platforms grappling with SEBI’s rule enforcing uniform brokerage charges across volume tiers Reddit+15m.Stock+15m.Stock+15.
Brand campaigns: “Akal Lagao, mStock pe Aao” campaign launched September 2024 to boost awareness and reposition the brand as India’s go-to app for trading m.Stock+1Reddit+1.

User Feedback: What People Say (Reddit Insights)

Users report more bad than good:

Frequent app glitches, trade non-execution, delayed order placements, and platform lags—especially during volatile sessions Reddit.
Complaints about inability to place stop-loss orders or square off positions—even when funds were available.
Some users were unable to transfer holdings due to broker restrictions, forcing them to liquidate holdings to exit m.Stock Reddit.

Margin trading issues:

F&O margin calculations are reportedly 2–2.5× higher than rivals like Zerodha, making basket trades difficult unless margins are manually managed offline Reddit.
Users on paid (₹999 zero-brokerage lifetime) plans say m.Stock has reversed zero-brokerage and now charges ₹5–₹100 per trade due to SEBI rules—calling it fraud and deceptive advertising .

Mixed review summary:

“The app and website are terrible… constant glitches, outdated interface—not worth it” Tips2secure+4Reddit+4Reddit+4
“Earlier it was smooth, now awful. Platform hangs, orders fail”

Some still praised zero fees and fast onboarding early on, but those voices are dwindling amid service complaints .

Business News

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NSE’s Diwali IPO in Sight: Awaits SEBI’s NoC After ₹1,600 Cr Record Settlement Proposal

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Pros & Cons—How m.Stock Compares Today

Pros	Cons
No delivery brokerage	App glitches and order failures
Ultra low fee (₹5–₹10 per intraday/F&O)	Margin calculations high and confusing
Instant withdrawal, funding	Poor customer support & phone lines often unreachable
Advanced tools (basket orders, trade from chart, MIRA voice search)	Many reports of charge reversals and hidden fees
Peer learning / education within app	Users trapped—difficulty transferring holdings out

What’s Coming Next—Roadmap & Plans
- The public roadmap mentions plans to add crypto trading, US stocks, and algorithmic trading tools in late 2025.
- Upcoming gamified challenges, auto-trade questionnaires, and social/community hooks to keep users engaged and staying inside the ecosystem creditsbuzz.com.
- Continued improvements to speed, UI fixes, and feature releases are expected to address complaints.
m.Stock is a bold all-in-one broker built for Indians who want low-cost trading and investing. Backed by Mirae Asset, it brings advanced tools, margin funding, and zero delivery brokerage. But user reports show serious execution issues—app crashes, delayed trades, hidden fees, and poor support. It’s a powerful tool in theory, but users need to be cautious and consider alternatives if stability and trust matter more to them.