m.Stock trading app by Mirae Asset breaks into Top 16 broker list in just two years

Mirae Asset Capital Market’s retail stock broking platform, m.Stock, which was launched in 2022, has been creating waves in the broking industry with its unique ‘zero brokerage for life’ proposition. Already attaining profitability in less than two years, the app has achieved significant milestones. Since its inception in 2022, m.Stock has capitalised on the changing business dynamics in the Indian broking industry.

 The increase in compliance and disclosure requirements has led to transparent dealings that encourage customers to experiment, while technological advancements have led to better compliance, operations, and enhanced user experience. m.Stock has leveraged its superior technology to achieve all these KPIs and has managed to be rated as the top 16th stockbroker in just two years. It has garnered abundant support from market participants with over 10 lakh customers, and daily trade volumes of over 21 lakh.

On this milestone moment, Jisang Yoo, CEO of m.Stock by Mirae Asset said, “Celebrating two year anniversary for m.Stock by Mirae Asset, I am confident that our team is dedicated and capable of continuous growth further. m.Stock team will keep focusing on innovation, providing fast, secure and stable platforms and solutions to investors. We are grateful for the trust of our customers and promise to keep delivering excellence in the years ahead."

Arun Chaudhry, Director and CBO of m.Stock by Mirae Asset, added, "Over the past two years, our commitment of providing customers with a fast, stable, and secure platform has stayed true. After the resounding success of our product MTF (eMargin) we're thrilled to introduce the Margin Pledge facility at a competitive rate of 11.99% p.a., with unique feature like unlimited holding period. As we celebrate our second anniversary, we're excited to unveil an upgraded version of m.Stock, equipped with innovative features aimed at simplifying trading and enhancing the overall customer experience. I can confidently say that m.Stock is poised for exponential growth and we aim to emerge as one of the top 10 stockbrokers in the near future”.