With the rise of technology, online trading has become an increasingly trendy way to invest in the stock market. One of the essential components of online trading is opening aDemat account. A Demat account is a digital account that holds all your securities like stocks, bonds, and mutual funds in electronic form. If you are looking to open a Demat account, you should consider mStock by Mirae Asset Capital Markets.
Here are seven top reasons why you should open a Demat account with mStock:
User-Friendly Interface
The mStock trading app has a user-friendly interface that is easy to navigate, making it accessible to new traders. The app is designed to be simple and straightforward, making it easy for anyone to use, regardless of their level of experience. The interface is intuitive, making it easy to find the information you need to make informed investment decisions.
Zero Brokerage
mStock introduces a groundbreaking revolution in the trading and investment industry, by providing its services with a Lifetime ₹0 Brokerage. Although there are multiple broking companies who offer low brokerage, you can now experience the unparalleled advantage of zero brokerage for a lifetime, accessible across all products, for a one-time fee of ₹999. While a full-service broker or a discount broker have multiple hidden charges which vary from Rs.10-20 for services such as delivery, intraday, futures, ETF (exchange traded funds), IPO etc., mStock does not charge anything for these services.
Brokerage Calculator
A brokerage calculator is an innovative online tool designed to assist you in swiftly calculating the applicable brokerage for any trade. Brokerage calculator by mStock helps in giving an accurate estimate for the brokerage saved during your transaction. The other benefit is it helps in planning your trades better.
For instance, Discount brokers implement a flat fee brokerage model where a fixed amount is charged for each successful trade, regardless of the trade’s value.
For instance, if you execute 25 monthly orders and your stockbroker applies a fixed fee of ₹20 for each trade, this fee remains consistent for all transactions. in this example, your annual brokerage would be as follows –
Number of orders in a month fixed Fee Brokerage xNo of trading days in a month
Which amounts to an annual brokerage of ₹1,20,000
25x20x (20*12) =₹1,20,000
*Assuming 25 orders @ ₹20 brokerage and 20 trading days in a month
But if you choosemStock you can save ₹1,20,000 per year.
Margin Trading Facility
Introducing eMargin, the exchange-approved Margin Trading Facility designed to address the issue of insufficient funding when executing delivery trades. With eMargin, you can trade in the delivery segment with a minimal margin requirement of just 20%, while your broker covers the remaining funding. With MTF (Margin Trading Facility) you can stop worrying about funding limitations and enjoy the flexibility of eMargin for seamless trading experiences.
mStock offers one of the lowest MTF (eMargin) interest rate in the industry
Interest rates for MTF is 6.99% which is as low as 0.0192% per day. Whereas its competitors are charging around 20%. And Other charges such as – DP charges during sell transactions are at Rs.12 while the industry average is around Rs.16.
Seamless Trading
mStock offers seamless trading, which means you can trade at any time, from anywhere. The app is available on both iOS and Android platforms, making it easy to access the stock market from your mobile device. You can also trade through the website, making it convenient for those who prefer to trade on their desktop.
Secure
Security is a top priority at m.Stock. The app uses the latest encryption technology to protect your data and ensure that your transactions are secure. The app also offers two-factor authentication, which adds an extra layer of security to your account. You can rest assured that your investments are safe and secure with m.Stock.
Conclusion
If you are looking for aplatform to open a Demat account for stock market trading, mStock is an excellent choice. The platform offers a range of features, such as a user-friendly interface, zero brokerage for life across all products, Margintrading facilityseamless trading, security, brokerage calculator and many more. These features makemStock popular choice for traders who want to invest in the stock market. With mStock, you can make informed investment decisions and maximize your returns.