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mStock Refer and Earn

mStock

Financial

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Participate in the mStock Refer and Earn program and refer your friend to open an mStock DEMAT account. You'll receive a reward of ₹555 for each successful referral.

Q: What is mStock?

A: mStock is a zero brokerage online stock broking and share market trading app in India. It is offered by Mirae Asset Capital Markets (India) Pvt Ltd, a subsidiary of Mirae Asset Global Investments, a leading global financial services company.



Q: How can I open a new trading and DEMAT account with mStock?

A: You can open a trading and DEMAT account online with mStock by filling out an online form and providing your contact details. The process is straightforward and convenient.



Q: What is the mStock Refer and Earn program?

A: The mStock Refer and Earn program is a referral initiative that allows existing mStock customers to refer friends and loved ones to open a Zero Brokerage account with mStock. Referrers can earn rewards when their referrals successfully open an account.


Q: What are the benefits for the referrer in the mStock Refer and Earn program?

A: Referrers can earn ₹555 for every successful referral. This reward is guaranteed and will be credited to the referrer's mStock account within 24 hours of the referee's account opening.


Q: What are the benefits for the referee in the mStock Refer and Earn program?

A: Referees who open a ₹999 Zero Brokerage account through a referral will enjoy zero brokerage for life across various trading products, including Intraday, Delivery, Futures & Options, Currency, MTF (eMargin), and more. They also gain access to a seamless trading app with advanced trading tools.


Q: How can I earn more rewards through the mStock Refer and Earn program?

A: You can earn more rewards by referring more friends. Here's the breakdown:

  • Refer 1 person = Earn ₹555

  • Refer 5 people = Earn ₹2,770

  • Refer 10 people = Earn ₹5,550

  • Refer 20 people = Earn ₹11,100


Q: How does the Refer & Earn program work?

A: The process is simple:

  • Open an mStock account if you aren't already a customer.

  • Refer friends and loved ones to mStock.

  • When your referred friends open a ₹999 Zero Brokerage account, you will receive a referral reward of ₹555, credited to your mStock account within 24 hours.


Q: How can I track my referral rewards in the mStock Refer and Earn program?

A: Your referral rewards can be tracked under the 'ledger' or "Your earnings" section on the mStock web or trading app. You will also receive email and SMS notifications once the referral reward is credited to your account.


Q: Can I withdraw my referral rewards, and are there any restrictions?

A: You can withdraw your referral rewards without any restrictions. mStock offers the flexibility to access and use your earned rewards as you see fit.


Q: Are there any eligibility requirements for the mStock Refer and Earn program?

A: To qualify for Refer & Earn rewards, you must be an mStock customer. You should have either referred friends via the Refer & Earn section on the mStock platform or have them use your referral link. The referee needs to open an mStock Zero Brokerage account.


Q: Is there an upper limit on the referral rewards I can earn with mStock?

A: No, there is no upper limit on the referral rewards you can earn with mStock. You have the opportunity to earn unlimited referral rewards by referring unlimited friends and loved ones to the mStock Zero Brokerage account.


Q: Can I refer family members and close relatives through the mStock Refer and Earn program?

A: Yes, you can refer family members and close relatives through the program. mStock typically allows you to refer friends and loved ones, which may include family members.


Q: How do I access my unique referral link for the mStock Refer and Earn program?

A: You can usually find your unique referral link within the Refer & Earn section on the mStock platform or app. This link is used to track referrals back to your account.


Q: Is there an expiration date for the referral rewards earned through the mStock Refer and Earn program?

A: mStock's referral rewards are typically credited without an expiration date. Once earned, these rewards can be used at your discretion.


Q: Can I refer friends who are new to trading and investing to open an mStock account?

A: Yes, you can refer friends who are new to trading and investing to open an mStock account. The program is open to both experienced and novice investors.


Q: Is the mStock Refer and Earn program available to customers in all regions or countries?

A: It's advisable to check with mStock to confirm if the Refer and Earn program is available in your specific region or country. Availability may vary based on local regulations and market conditions.


Q: How can I get assistance or support for the mStock Refer and Earn program if I have questions or issues?

A: You can typically reach out to mStock's customer support or contact their support team through the platform for assistance with any questions or issues related to the Refer and Earn program.


Q: Are there any hidden fees or costs associated with participating in the mStock Refer and Earn program?

A: mStock usually provides transparency regarding fees and costs. It's essential to review the terms and conditions of the Refer and Earn program to understand any potential fees or costs associated with it.


Q: What are the benefits of having a DEMAT account with mStock?

A: Having a DEMAT account with mStock offers several benefits. It allows for easy transfer of shares, receiving dividends, bonus shares, or rights entitlement (RE) shares, and also facilitates availing loans against your securities. Moreover, it simplifies the process of tracking and managing your investments.


Here are some of the benefits of using m.Stock:

  • Zero brokerage across all products for life

  • Superfast trading platform with advanced tools

  • Access to global market data and analysis

  • Margin trading facility with low interest rates

  • Direct mutual fund plans with up to 1% extra return

  • Easy IPO investment process

  • Backed by Mirae Asset Global Investments, a leading global financial services company


m.Stock also offers a number of other features, such as:

  • Superfast trading platform with 1-click order placement and advanced tools

  • Access to global market data and analysis

  • Margin trading facility with low interest rates

  • Direct mutual fund plans with up to 1% extra return

  • Easy IPO investment process


Q: What types of securities can I hold in my mStock DEMAT account?

A: Your mStock DEMAT account can hold a variety of securities, including listed stocks, shares of unlisted companies, bonds, units of mutual funds, and Exchange Traded Funds (ETFs).


Q: What is the process to open a DEMAT Account with mStock?

A: The process to open a DEMAT Account with mStock is simple. Fill out a KYC form, submit the required documents, and undergo a brief verification process. Upon successful submission of accurate details and documents, you'll receive your login credentials within 12 to 24 hours.


Q: What documents are required to open a DEMAT Account with mStock?

A: To open a DEMAT Account with mStock, you'll need the following documents:

  • Identity Proof: A copy of your PAN Card.

  • Address Proof: Choose one from the following options: Voter's ID, Driver's License, Passport, Aadhaar Card.

  • Income Proof: Provide one of the following: a copy of your passbook, bank account statements for the last 6 months, latest salary slips, or filed income tax returns.


Q: Is a power of attorney required to open a DEMAT account with mStock?

A: Providing a power of attorney to your broker to trade shares on your behalf is optional when opening a DEMAT account with mStock.


Q: Are there any charges for opening a DEMAT account with mStock?

A: Yes, there is a DEMAT Account opening charge of INR 999 when you open an account with mStock. However, once your account is set up, you can enjoy lifetime zero brokerage charges on all your trades, making online trading more cost-effective and accessible.


Q: Can I open a DEMAT account with mStock without visiting a physical branch or office?

A: Yes, you can open a DEMAT account with mStock entirely online, eliminating the need to visit a physical branch or office. The entire process can be completed online from the comfort of your home.


Q: How long does it take to get my DEMAT account approved with mStock?

A: Typically, if all your details and documents are correctly submitted, your mStock DEMAT account will be approved within a relatively short time frame of 12 to 24 hours.


Q: Can I open a DEMAT account with mStock if I am an NRI (Non-Resident Indian)?

A: Yes, mStock offers DEMAT accounts for NRIs. However, there may be additional documentation and compliance requirements for NRIs, so it's advisable to check with mStock for specific details and procedures.


Q: Is there a minimum balance requirement for a DEMAT account with mStock?

A: No, there is typically no minimum balance requirement for a DEMAT account with mStock. You can open an account and start trading without having to maintain a specific balance.



Q: What happens if I lose my DEMAT account login credentials with mStock?

A: If you lose your login credentials, mStock will have a process in place to help you recover or reset your password or account access. You can usually contact their customer support for assistance with account access issues.



Q: Are there any restrictions on the number of accounts I can open with mStock?

A: mStock does not usually impose restrictions on the number of accounts you can open. However, it's essential to maintain compliance with regulatory guidelines and disclose all your accounts as required by the relevant authorities.


Q: Can I link my existing bank account to my mStock DEMAT account for easy fund transfers and settlements?

A: Yes, you can link your existing bank account to your mStock DEMAT account, which allows for seamless fund transfers and settlements when buying and selling securities.


Q: What is the procedure for transferring existing holdings from a physical certificate to my mStock DEMAT account?

A: You can transfer existing holdings from physical certificates to your mStock DEMAT account by following a simple process. You will need to fill out a transfer form, submit the physical certificates, and the depository will facilitate the transfer. mStock can guide you through this process if needed.


Q: Does mStock charge any annual maintenance fees for DEMAT accounts?

A: mStock may charge annual maintenance fees for maintaining your DEMAT account. However, the specific fee structure may vary, so it's essential to check their current fee schedule for accurate information.


Q: Can I open a joint DEMAT account with mStock?

A: Yes, you can open a joint DEMAT account with mStock, allowing multiple account holders to manage and trade from the same account. Joint accounts require specific documentation and agreement between all account holders.


Q: Can I trade on the mStock platform immediately after opening a DEMAT account?

A: Once your mStock DEMAT account is successfully opened, you can start trading on the platform immediately. You will receive login credentials to access the trading interface and begin trading in stocks, bonds, and other securities.

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