M. Stock review

Brokers
22

Sir, can you please advise whether m.stock provide collateral margin by pledging Mutual Fund/ETF?
I could not find this information on their website.

Regards.

1 Like
23

They yet to launch Mutual Fund feature. The services are not up to the mark.
The service is down for whole day today.
I am scared of open positions who is having on their platform.
Better to avoid MStock.

2 Likes
24

I feel… after zerodha and groww, dhan is the best.
M.stock is not good

1 Like
25

Except trade execution rest is not good, today their web trading platform is down form morning , many hours now!!

1 Like
26

Down today from 9:30 AM , can not login from Web or App. still down after 4 hours . unable to view or close any order or position.
Hi , We are currently facing a technical issue on m.Stock mobile app and website. Please be rest assured, our team is working towards resolving it ASAP. We will update you once the same is fixed. Thank you for your co-operation. Team Mirae Asset

1 Like
27

I think they launched Mutual funds but still not providing collateral margin yet

1 Like
28

I am using mStock for 5 months now. Here are few pros and cons:
Pro:

  1. Zero Brokerage. I use it only for Option trading including expiry day trading. Where I pay 1000 to 2000 in Zerodha, I pay less than 200 with mStock.

Cons:

  1. Interface not great but manageable
  2. No pledging of Stocks yet. (they say coming soon)
  3. When you square off a trade it takes some time (few minutes) to get the margin back.
  4. Interface freezes for few seconds once a while.
2 Likes
29

Being a Mstock user. The following are the actual deal-breakers what prospective users need to be aware of.

  1. They don’t offer direct bank account-to-trading account fund transfers using NEFT and IMPS. You can only transfer funds through a third-party payment gateway or UPI. The use of third-party intermediaries in large-scale money transactions compromises security, privacy and has a chance of your money getting lost somewhere.

  2. If they notice that your trading account balance is zero even after you have paid their full fees for using their no AMC and no brokerage, they slyly deduct operating expenses from your account and let the ledger go into the negative. Once your ledger reach a negative balance, they begin to charge daily penalties. So keep an eye on your ledger to avoid surprises.

My trust in this new broker is gone.

2 Likes
30

I heard they dont have E-Dis, you cant do cdsl offline transfer from online web portal.
You need to request physical delivery slip and send(added cost) it to their Mumbai HO everytime.

1 Like
31

So when you use - third party you must pay some fees …how much is that?

32

Depends on your bank. Right now UPI transaction is free with some banks.

33

mStcok is not really a brokerage free or AMC free , they are charging “operating charges” in the name of covering certain new regulatory costs, mstock is not good for traders , its okay for so called investors, Even after 1 year mstock trading platform is not stable & they are desperate & struggling for survival :face_with_hand_over_mouth:

1 Like
34

Can someone else provide their review M Stock after using it? I am looking for an alternative to my current broker.

@scpulse @sanjayn

35

Is there forum/community of blinkx/mstock/finvasia similar to zerodha/dhan

36

In my experience, Blinkx/JM Financial offers fantastic customer service. They provide free account opening and helpful support whenever you need it. Their brokerage-free trades and profitable research have greatly benefited my investments. Overall, I highly recommend Blinkx/JM Financial for their quality service and support.

Additionally, their “Refer and Earn” program demonstrates care for both new and existing clients. This seems like they’re more focused on getting new customers rather than making sure the existing ones are happy with what they’re getting.

37

Was thinking of opening but the joining fees disinterested me.

But I don’t like how they keep calling every week to ask me to open account.

39

Anyone who can share mStock review?

40

I am using Mstock from last 8 months, and below is my brief feedback:

Pros:

  1. If you go for the zero brokerage package for both demat and trading, than it is the cheapest demat and trading account in the market, no one is able to beat them so far.

  2. MTF interest rate - They have increased it twice in last couple of months, still cheapest in the market.

Cons:

  1. Customer care is extremely poor, their phone line never connects and they will not reply to your emails even for weeks

  2. Their platform is extremely basic, it gives an impression that it has been designed and implemented by someone who doesn’t have good knowledge of stock market.

  3. They dont inform you if they change the margin of any stocks under MTF or completely remove it from the list.

  4. They dont inform about any crucial notifications released by SEBI, NSE, BSE etc.

I use Mstock only for MTF, so i wont be able to comment much about intraday and F&O

The two Pros mentioned above are its biggest upside and overshadow all its negatives as it directly affects your cash flow, and i believe that is the reason ppl are still going with mstock despite of its various downside.

2 Likes
41

Looking at the cons, I wouldn’t sign up with them even if they offered to pay me Rs 20 for every order.

42

M Stock is a completely fraud application and company, I am a paid member of M Stock because they give an offer for the lowest brokerage rate, and it a free for a lifetime with one plan ao I took it after I referred my friend but after payment, they did fraud with our account balance, even without doing any transactions my friend lost 1400rs from his account and I lost 3000k from my account even its an auto-buy trade from your account, also they don’t have any customer support they have strong customer support only for marketing their application so think twice before taking plan with M Stock(Mirae Asset).

1 Like