mStock Brokerage Calculator
Calculate mStock's brokerage, STT, GST, exchange charges, and DP charges for your trade — instantly, with no signup.
No state selector: since a 2020 amendment to the Indian Stamp Act, stamp duty on securities transactions is a single nationwide rate — it no longer varies by the trader’s state. Only how the revenue is distributed between states differs, not the rate you pay.
Total charges
₹241.79
Net P&L
₹4,758.21
Breakeven price
₹1,002.42
- Brokerage
- ₹0.00
- STT
- ₹205.00
- Exchange charges
- ₹6.29
- SEBI fees
- ₹0.21
- Stamp duty
- ₹15.00
- GST
- ₹1.13
- DP charges
- ₹14.16
- Gross P&L
- ₹5,000.00
- mStock's official pricing page (mstock.com/pricing) is behind Radware bot-protection and returned a redirect/403 on every automated fetch attempt during research, so these figures were originally cross-referenced across three independent secondary sources (Chittorgarh, ComparShareBrokers, LAMF India) rather than confirmed directly against the primary source.
- ₹0 delivery / ₹5 flat per order on intraday, futures, and options was consistent across all three secondary sources checked. DP charge is modeled as ₹12 + 18% GST = ₹14.16 per scrip, which two of three sources agreed on; one outlier source cited ₹18/ISIN instead.
- Account-opening fee, AMC/quarterly maintenance charge, and the exact terms of mStock's one-time 'lifetime' plan (reported variously as ₹999 or ₹1,299+GST, and reported inconsistently as waiving the AMC vs. waiving brokerage itself) could not be reconciled across secondary sources during initial research — these aren't part of the per-trade calculation modeled here.
- Manually verified against mstock.com directly by the site owner on 2026-07-22 — all figures above confirmed accurate as modeled, no changes needed.
All calculations run entirely in your browser — nothing you enter here is sent to a server or stored anywhere.
About mStock
- Founded
- 2022
- Broker type
- discount
- Parent company
- Mirae Asset Capital Markets (India) Pvt Ltd
mStock is the discount broking platform of Mirae Asset Capital Markets (India) Pvt Ltd, the Indian arm of Mirae Asset Financial Group — a South Korea-headquartered global financial services group founded in 1997. The Mirae Asset India entity was incorporated in 2017, and mStock itself launched as a trading app in April 2022.
mStock built its early reputation on a distinctive pricing angle: rather than the flat per-order fee most discount brokers charge, it marketed a one-time payment that would eliminate ongoing charges for the life of the account — a break from the recurring subscription or per-order model used elsewhere in the industry. Exactly how that offer is structured today (what it waives, and at what one-time price) is one of the details flagged below as unconfirmed pending a direct check of mStock's official pricing page, which blocked automated verification during research.
mStock's charge structure
This calculator models mStock's brokerage as ₹0 (zero) on equity delivery and a flat ₹5 per executed order on intraday, futures, and options — figures that were consistent across three independent secondary sources checked. mStock's official pricing page could not be fetched directly (it sits behind bot-protection that blocked every automated request during research), so these numbers have not been confirmed against the primary source. Separately, mStock's account-opening fee, its AMC/quarterly maintenance charge, and the exact terms of its one-time 'lifetime' plan were reported inconsistently across sources (variously ₹999 or ₹1,299+GST, and variously described as waiving the AMC vs. waiving brokerage itself) — none of that is reflected in the calculator, and none of it should be treated as confirmed until checked directly on mstock.com.
| Trade type | Brokerage |
|---|---|
| Equity delivery | ₹0 (zero brokerage) |
| Equity intraday | Flat ₹5.00 per order |
| F&O futures | Flat ₹5.00 per order |
| F&O options | Flat ₹5.00 per order |
| DP charge (delivery sell only) | ₹14.16 per scrip |
mStock: pros & cons
Pros
- Zero brokerage on equity delivery, with a flat, low ₹5 per order on intraday, futures, and options — competitive against other discount brokers on this list.
- Backed by Mirae Asset, a large global financial group with a long operating history, despite mStock itself being a relatively recent entrant (launched 2022).
- Historically positioned around a one-time payment to avoid recurring charges — an unusual pricing angle among Indian discount brokers, though the current exact terms need direct confirmation before relying on them.
- Margin Trading Facility (MTF) is a headline feature of the platform, letting traders take leveraged delivery positions funded by the broker.
Cons
- As a relatively young platform (launched 2022), mStock has a shorter track record than more established discount or full-service brokers on this list.
- Account-opening fees, AMC/quarterly charges, and the precise 'lifetime' plan terms are reported inconsistently across secondary sources and could not be confirmed for this page — a trader comparing total cost of ownership (not just per-trade brokerage) should verify these directly with mStock before opening an account.
- ₹5 per order on intraday and F&O, while low, is not zero — traders doing a very high volume of small orders should compare total cost against brokers offering true zero-brokerage intraday/F&O plans.
- DP charges and other ancillary fees (e.g. unpledge, auto square-off) vary across the sources checked and weren't fully reconcilable — treat the DP figure here as an estimate, not a confirmed rate.
How to open a mStock account
- 1Keep your PAN card, a proof of identity/address (Aadhaar, voter ID, driving licence, or passport), and a cancelled cheque or bank statement ready.
- 2Complete mStock's online account-opening form and verify your identity via Aadhaar-based e-KYC.
- 3Upload a photograph and complete eSign (Aadhaar OTP) to digitally sign the account-opening agreement.
- 4If you plan to trade F&O, you'll additionally need income/net-worth proof (a recent ITR acknowledgment, Form 16, 6-month bank statement, or a CA-certified net-worth certificate).
- 5Once verified, your trading and demat account is activated. Confirm the current account-opening fee (reported inconsistently across sources, from ₹0 to ₹149 to ₹999 depending on the source) directly with mStock before you begin, since this page could not independently confirm it.
Ready to open an account with mStock?
Open a mStock accountFrequently asked questions
What is mStock's brokerage on delivery trades?
mStock charges ₹0 (zero) brokerage on equity delivery, based on cross-referenced secondary sources. This matches the zero-delivery-brokerage model used by several other discount brokers on this list, such as Zerodha and Dhan.
Is mStock a discount broker?
Yes. mStock is the discount broking platform of Mirae Asset Capital Markets (India) Pvt Ltd, part of the South Korea-headquartered Mirae Asset Financial Group. It prices per-order rather than as a percentage of trade value, and doesn't bundle in-house research or relationship-manager services the way full-service brokers like Sharekhan do.
Does mStock really offer a 'lifetime free' brokerage plan?
mStock has historically marketed a one-time-payment option positioned around eliminating recurring charges for the life of the account — an unusual angle among Indian discount brokers. However, the exact current terms (what it waives, and the exact one-time price) were reported inconsistently across the sources checked for this page and could not be confirmed against mStock's official pricing page, which blocked automated access during research. Confirm the current terms directly with mStock before factoring this into your decision.
What is mStock's brokerage on intraday and F&O trades?
Based on cross-referenced secondary sources, mStock charges a flat ₹5 per executed order on equity intraday, futures, and options — lower than the ₹20 flat fee common among several other discount brokers, though not zero.
Who owns mStock?
mStock is operated by Mirae Asset Capital Markets (India) Pvt Ltd, the Indian arm of Mirae Asset Financial Group, a global financial services group headquartered in South Korea and founded in 1997. The Indian entity was incorporated in 2017; the mStock trading app itself launched in April 2022.
Related reading: Trading Charges Explained: STT, GST, Stamp Duty & Every Fee on Your Trade
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