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!
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FAQ
What is a brokerage account?
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.
What is a free brokerage account?
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.
Can one open a brokerage account online?
Yes, you can open a brokerage account online with m.Stock in less than 5 minutes.