How To Open A Free Brokerage Account

A Demat account is mandatory to trade in the Indian stock markets. Opened with a depository participant, a Demat account is a virtual locker that facilitates buying and selling of stocks in the stock market. However, prior to dematerialisation, the process of opening a Demat account was quite cumbersome as you had to visit the broker’s office with physical forms and documents. But with the advent of technology, opening a Demat account can be done from the comfort of your home and without any physical paperwork. But wait, instead of opening a Demat account, what if you could open a free brokerage (Demat) account?

A free demat account, like the one provided by m.Stock, allows you to trade in equity delivery, mutual funds and IPOs without any brokerage. This is different to the standard Demat accounts offered by other brokers where you are charged brokerage on every trade. This typically ranges from 0.01% - 0.05% of the total trade value or flat fee of ₹20 per executed order. Over the years, the total brokerage paid can burn a hole in your pocket (returns). Hence, opening a free demat account is the best choice for your financial future. Calculate your brokerage savings with m.Stock.

m.Stock’s free demat account allows you to trade in asset classes- equity delivery, mutual funds and IPOs. This leads to humongous savings in the long-term. 

With such high savings on stake, opening a free brokerage account with m.Stock is the ideal option for investors and traders. And with 5-minute onboarding and 100% paperless account opening process, opening a free brokerage account with m.Stock is seamless and quick.

Documents Required to Open Free Brokerage Account with m.Stock

• ID proof

  PAN card is mandatory

• Address proof

  You can submit any of the following - Passport/Aadhaar/Driving licence/recent bank account statements

• Income proof

  Any of the following - Last 6 months bank statement or 3 months salary slip/ latest Income Tax Returns (ITR), Networth certificate/demat holding statement or report.

• Bank proof

  Passbook/ 6 months bank account statements or cancelled cheque

Steps to Open a Free Brokerage Account with m.Stock

Follow the below steps to open a free brokerage account with m.Stock in less than 5 minutes:

• Visit mstock.com

• Click on the ‘Open an Account’ button

• Enter your mobile number

• Enter your KYC details

• Verify information like with address proof, ID proof, date of birth and PAN number

• Make the account opening payment

• Add your bank account and complete your profile

• You will receive login credentials and you can start trading!

If you are interested in saving big on your trades, then open a free brokerage account with m.Stock in less than 5 minutes!