Offers access to various financial instruments, including forex, CFDs, commodities, and indices.

Provides a trading platform that is familiar to many traders, although it is not MT4 or MT5.

Possesses a long history since its establishment in 1963, which may appeal to some investors.

Unregulated, raising concerns about the safety of client funds and the legitimacy of its operations.

High minimum deposit requirements compared to many other brokers, which may deter new traders.

Negative reviews and warnings from regulatory bodies indicate potential issues with trustworthiness and customer service.

M+Online broker Accounts

M Stock Account Types

M Stock offers a variety of brokerage account types tailored to meet different investor needs. The primary account types include:

Zero Brokerage Account: This account allows investors to trade without paying any brokerage fees for life. A one-time payment of ₹999 is required to open this account, which covers all trading activities, including equity delivery, intraday, futures & options, mutual funds, and IPOs.
Free Delivery Plan: This account has no brokerage fees for delivery trades but charges ₹20 per executed order for equity intraday and futures & options trades. The account opening is free, making it accessible for new investors.
Demat Account: This account is essential for storing securities electronically. M Stock offers a free demat account with zero annual maintenance charges.

Opening an account with M Stock is a straightforward and paperless process. Here are the steps to follow:

Visit the M Stock Website: Go to www.mstock.com and enter your mobile number for communication.
Mobile Number Verification: A one-time password (OTP) will be sent to your mobile number. Enter this OTP to verify your number.
Complete E-KYC and Upload Documents: Provide personal details such as your full name, residential address, PAN, Aadhaar number, and date of birth for KYC compliance.
Link Bank Account: Link at least one bank account to facilitate quick fund transfers between your trading account and bank account.
Make Online Payment: After entering all required information, proceed to make the ₹999 payment for the Zero Brokerage Account or select the Free Delivery Plan.
Confirmation Email: After successful verification, you will receive an email confirmation with your login credentials within 24 hours.