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Open demat account now!

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A Complete Guide on How to Open Trading Account

You cannot trade in the stock market with a Demat account. Yes, a Demat account merely stores your assets. The actual buying and selling of assets (shares in this case) takes place in a trading account. In essence, Demat, trading, and bank account are all interlinked and crucial for you to execute a successful trade. When you buy shares, money is first transferred from your bank account to your trading account. Once the transaction goes through, the shares are credited to your Demat account. This is why opening a trading account is a must if you want to trade in the stock market.

However, before you open a trading account, you must assess factors such as speed and reliability of trading platforms, brokerage and annual maintenance fees and the broker’s credibility. m.Stock stands tall on all these parameters with a legacy of serving millions of customers in 15+ countries for over 25 years. Our seamless trading platforms are quick and easy to use with best-in-class tools and features alongside bank-grade safety for your investments.

Let’s look at the step-by-step process and documents required to open a trading account with m.Stock

Documents Required to Open Trading Account with m.Stock

Identity Proof

- PAN card is mandatory.

Address Proof

- Aadhaar card, recent Electricity Bill, Passport, Voter’s ID, Driver’s Licence, Bank Passbook, etc.

Income Proof

- Latest Salary slip, Income Tax Return, or last 6 months bank statement

Steps to Open Trading Account with m.Stock

Step 1: Enter your mobile number

- To open an m.Stock trading account, visit www.mstock.com and enter your 10-digit mobile number, followed by the OTP.

Step 2: Complete e-KYC

- To complete the online KYC procedure, you must enter details like your name, address, permanent account number (PAN), Aadhaar card number, and date of birth.

Step 3: Upload KYC documents

- Upload required documents to complete your eKYC process. You can also login to digilocker and upload your documents with ease.

Step 4: Link your bank account

- You must link at least one bank account with your trading account. This helps in quick fund transfers.

Step 5: Make the Payment

- Make online payment and upon successful verification, your trading account will be opened within 24 hours. You will receive login credentials via email, which you can use to start trading in the stock market.

With a 5-minute, 100% paperless, online account opening process and zero brokerage across all products for life, m.Stock is the ideal trading partner for all your needs.

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I understand that my account would be opened as per name appearing in Income Tax records and the same would be activated after all procedure relating to client due diligence in accordance with regulatory guidelines is completed.
I authorize Mirae Asset Capital Markets (India) Private Limited (“MACM”) to contact me including but not restricted to call/sms and sending WhatsApp communication to me even though mymobile no. may be registered under DND/DNC Registry.
I authorize MACM to undertake my KYC online through KRA/Aadhaar/Digi locker based on authentication of opening Trading and Demat account with MACM.
The account opening charges once paid will not be refunded under any circumstances. Client need to complete his/her account opening journey within six months from date of the payment. In case the client resumes his/her account opening journey after six months from date of payment, it will be considered as fresh/new application and he/she will have to again pay the account opening charges prevalent at the time of fresh/new application.
I understand that Investment in securities markets are subject to marketrisks, please read all the related documents carefully before investing. Brokerage will not exceed the SEBI prescribed limits.
I confirm having read/been explained and understood the contents of the document of Policy and Procedures of the Stock broker and the tariff sheet. I further confirm having read and understood the contents of the Rights and Obligations document, Risk Disclosure Document, Guidance Note, Additional Terms & Conditions & Tariff Sheet for Trading and Demat. I do hereby agree to be bound by such provisions as outlined in these documents. I have also been informed that the standard set of documents has been displayed for information on website www.mstock.com.The Rules & Regulations of the Depository and Depository Participant, pertaining to an account which is in force now, have been read by me/us and I/We have understood the same and I agree to abide by and to be bound by the rules as are in force from time to time for such account. You can view/download the same by clicking https://bit.ly/3CPMZ5k

Table of content

Open demat account now!

Table of content

A Complete Guide on How to Open Trading Account

Documents Required to Open Trading Account with m.Stock

Identity Proof

Address Proof

Income Proof

Steps to Open Trading Account with m.Stock

Step 1: Enter your mobile number

Step 2: Complete e-KYC

Step 3: Upload KYC documents

Step 4: Link your bank account

Step 5: Make the Payment

More Related Articles

Mutual Funds vs PPF

Multi-asset Allocation Funds: An Overview

How Do You Withdraw Money From Mutual Funds?

Power your investments with our smart trading platforms

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Table of content

Open demat account now!

Table of content

A Complete Guide on How to Open Trading Account

Documents Required to Open Trading Account with m.Stock

Identity Proof

Address Proof

Income Proof

Steps to Open Trading Account with m.Stock

Step 1: Enter your mobile number

Step 2: Complete e-KYC

Step 3: Upload KYC documents

Step 4: Link your bank account

Step 5: Make the Payment

More Related Articles

Mutual Funds vs PPF

Multi-asset Allocation Funds: An Overview

How Do You Withdraw Money From Mutual Funds?

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