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 proofPAN card is mandatory
- Address proofYou can submit any of the following – Passport/Aadhaar/Driving licence/recent bank account statements
- Income proofAny 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 proofPassbook/ 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!
