Table of content

How to Open Zero Brokerage Demat Account

Table of content

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 brokerage account, like the one provided by m.Stock, allows you to trade in stocks and other asset classes without paying any brokerage, for life. 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 brokerage account is the best choice for your financial future. Calculate your brokerage savings with m.Stock.

m.Stock’s free brokerage account allows you to trade in asset classes like stocks, bonds, mutual funds, commodities, ETFs, and currencies etc. without paying any brokerage for life. This leads to humongous savings in the long-term. For example, if you conduct 10 intraday trades daily, on which your broker charges you ₹20 per order, then you can save as much as ₹48,000 annually with m.Stock. Now imagine the savings that you could make over 10 or 20 years! Humongous!

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 www.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!

Frequently Asked Questions

A brokerage account is a Demat account that stores your assets in electronic form. When you buy stocks, your Demat account is credited and when you sell stocks, your Demat account is debited.

When you open a free brokerage account, you don’t have to pay brokerage on your trades. m.Stock is one of the leading providers of free brokerage accounts in India.

Yes, you can open a brokerage account online with m.Stock in less than 5 minutes.

More Related Articles

Dormant Demat Account Reactivation

09 April,2024

Dormant Demat Account Reactivation

A demat account is an online account that holds your shares and securities in a digital format. It allows you to trade and invest in the stock market without the hassle of physical certificates. However, if you do not use your demat account for a long time, it may become dormant or inactive. This means that you cannot access or operate your account until you reactivate it. This article helps you to know how to activate dormant demat account online and how to reactivate demat account.

E-Verify ITR Through Demat Account Meaning

09 April,2024

How to e-Verify ITR Through a Demat Account?

India has a wide and diverse economy with citizens of various income levels and professions. Naturally, every eligible citizen must fulfil their obligation of contributing to the nation's advancement by meeting their tax responsibilities. The government has set up distinct tax categories to ensure fair and proportional taxation. Understanding and adhering to these tax obligations is not solely a civic duty but also crucial for the progress of the country. Embarking on this civic responsibility entails the accurate and timely...

Demat Account Meaning

02 April,2024

Importance of Demat Account

A Demat Account is a financial tool that allows you to manage your securities. Before the era of Demat, securities were traded and held in physical form that came with a wide range of challenges. The financial world in India underwent a complete transformation with the introduction of Demat accounts in 1996. In this, the Securities and Exchange Board of India (SEBI) played a pivotal role in regulating and standardising the Demat system including its seamless integration into the financial ecosystem.

Open your Lifetime Free Brokerage Account

  • +91
    Have a partner code?
    T&C and privacy policy

Power your investments with our smart trading platforms

mobilefooterimg
  • app_download_icon_img
    5 million+
    App downloads
  • 1_Click_icon_img
    1-Click
    Order Placement
  • higherreturns_icon_img
    2,361 Crore+
    Average Daily Turnover