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+15Reddit.
- 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 mStock 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.
Broker Review Related News
- All Posts
- IPO
What Products & Services Do They Offer?Competitor Analysis: How Paytm Money Stands
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+5Reddit+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.StockReddit+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+1Reddit+6m.Stock+6m.Stock+6.
Business News
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.comm.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 .
- All Posts
- Become Partner
- Broker Review
- Crypto
- IPO
- Mutual Fund
- Recent News
- Recent Updates
- Stock Market
Why Are Mutual Fund Returns Falling in 2026? Latest Market Explained Mutual fund investors across India are noticing something uncomfortable...
Crypto Market Today: Bitcoin, Ethereum Price & Market Sentiment Update The crypto market is showing consolidation with mixed sentiment today,...
Aye Finance IPO 2026: GMP, Price Band, Dates, Financials & Investment Review The Aye Finance IPO has become one of...
Why Is Bitcoin Falling Today? Latest Crypto Market Crash Explained (2026 Update) The cryptocurrency market is once again facing heavy...
India’s Biggest IPOs Coming in 2026: From Jio to OYO India’s stock market is gearing up for an exciting IPO...
Full Service vs Discount Broker – Which Is Better for New Investors? Choosing the right brokerage account is one of...
