m.Stock clocks 1-mn trades in a day

Hyderabad: Mirae AssetCapital Markets (India) Pvt Ltd, an international financial services group, has reported over one million trades in a single day, on m.Stock, its online retail stock broking platform. The unique and seamless trading platform of m.Stock paired with a ‘Zero Brokerage and no-commission’ model forever across all products, has made it a lucrative proposition for both seasoned traders as well as investors.

Arun Chaudhry, Director & Chief Business Officer, Mirae Asset, said: “We at m.Stock, are absolutely thrilled to report a record-breaking growth by booking one million trades in a single day, within such a short time period. It is indeed a huge milestone and a dream come true for the company to reflect such rapid growth. We believe it’s a testament to the strength of the platform and our unique business model.”

Registered a turnover of Rs78,000 cr on its platform, since inception. m.Stock, has also reported a book size of over Rs155 crore on its Margin Trading Facility (eMargin). Their eMarginfacility which was launched just 7 months back, at one of the lowest interest rates in the industry, starting from 7.99 per cent p.a., enables users to get access to instant funding (up to 80 per cent) and meet their margin requirements in delivery trades.

Launched in April 2022, m.Stock has registered a significant growth within a year of its operations, breaking records amongst online broking platforms in India. The app has garnered over six million downloads in less than 10 months and has an active client ratio of 73 per cent.