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What is Zero Brokerage Trading Account?
A zero brokerage account is an account where no charges are levied on traders by the broker while executing trades. On the other hand, a traditional trading account requires some percentage of the total trade value to be paid by the client in terms of brokerage.
The benefits of zero brokerage accounts such as affordability and transparency have made them a popular choice. They allow you to concentrate on your trades without having concerns about expenses. Moreover, they have made it possible for most small investors to take part in trading.
The term “zero-brokerage” may suggest that there are no costs associated with carrying out transactions. But please note that there will be regulatory charges or transaction fees levied by the exchanges.
Advantages of Zero Brokerage Trading
- With zero brokerage trading account, you need not worry about the size and volume of the trade as the brokerage charged is zero, irrespective of your trade size.
- A major benefit of zero brokerage trading is that your take-home profit increases as the brokerage payable becomes zero. An added advantage is that your break-even point is lower.
- m.Stock also has no subscription charges on Pay Later (MTF) facility.
- With a zero brokerage account, like in the case of other brokerage accounts, you can invest in all the major exchanges in India.
- If you opt for such an account, you will not be hounded by relationship managers to increase your trading volume.
- If you wish to open and operate a zero brokerage trading account, the entire process is seamless, fast, and hassle-free. Leading zero brokerage platforms like m.Stock, ensures smooth account opening and virtual onboarding in a matter of just a few minutes.
- The zero brokerage trading account offered by m.Stock, makes any fund transfer, either to or from your account, quick and seamless.
How to Open Zero Brokerage Account with m.Stock?
Opening a zero brokerage account through m.Stock is super easy! Simply follow these quick steps and complete the account opening process in less than 5 minutes.
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Step 1: Go to m.Stock’s official website
First, start by visiting the official webpage of m.Stock. You can access it using any web browser and enter www.mstock.com. -
Step 2: Click Open an Account Button
On the homepage of the website, you will find the “Open an Account” button. Click on it to begin the account opening process. -
Step 3: Enter Your Mobile Number
Provide your phone number when asked for. This will be used for verification and other communications during the course of opening your account. -
Step 4: Fill Your KYC Details Correctly
All financial institutions are mandatorily required to follow the Know Your Customer (KYC) process. You can complete this step online by entering the correct KYC details. -
Step 5: Verify Your Identity
Necessary documents like address proof, ID proof, date of birth proof and PAN card details have to be uploaded to ascertain one's identity. -
Step 6: Pay the Account Opening Fees
Pay the fees required for opening an account after your data has been verified. This is a nominal fee for lifetime access to a zero brokerage account. -
Step 7: Add Your Bank Account
Add and link your bank account with the trading account which facilitates easy transfer of funds between the two. -
Step 8: Receive Login Credentials and Start Trading
Once all the steps are completed, you shall receive login credentials via email. You can enter the details on the m.Stock platform and access your new m.Stock zero brokerage trading account.
That’s how you can simply begin your trading or investing journey and enjoy the benefits of a zero brokerage account with m.Stock in less than 5 minutes. Do not let any complicated process come in the way of your pursuing financial freedom. Open a brokerage account today at m.Stock and tap into the world of investment opportunities.
Read Also: Is there a Firm in India that offers Zero Brokerage across Products?
Read Also: What All is Free in Zero Brokerage
Read Also: What is the Difference Between Discount Broking and ZERO broking?
