mStock Referral Code: Earn Rewards Up To Rs 151 per Referral

Last Updated on May 26, 2026 by Muskan Sinha

mStock by Mirae Assets is a popular stockbroker in India and offers people the opportunity to invest in various financial instruments at a low brokerage fee. Individuals can invest in stocks, equities, mutual funds, futures and options, commodities, MTF, IPOs, ETFs, and other financial products at Rs 5 per order. mStock offers interest starting at 6.99% p.a. and offers free account opening. Trusted by 24 lakh users, with 1 user onboarding every 50 seconds, mStock has facilitated 105+ crore trades and is referred by 2.6 lakh users, with 3 referrals every minute.

Individuals can also benefit from sharing the mStock referral code and inviting their loved ones to this renowned stockbroking platform. With zero brokerage fee on mutual funds, delivery and IPOs, 20+ trading tools, charts and getting market insights, trends and expert strategies on the mLearn platform, new users can kick start their trading and investment journey with ease using the mStock referral link. 

What is the mStock Referral Code?

The mStock referral code is a way for new users to get onboard on mStock’s platform and access different financial products at low brokerage fees. The referral code can be found on the existing user’s profile in the ‘refer and earn’ section. 

When a new user signs up using the referral code shared by the existing user and opens a trading account with mStock, both get rewarded. The referral reward will be credited to the existing user’s account within 48 hours after card activation and they can redeem it to invest in other stocks. 

mStock Refer and Earn Program 

The mStock refer and earn program is an opportunity for existing users to earn rewards up to Rs 1510 by inviting their loved ones on the app and encouraging them to avail mStocks’ trading and investment facilities. Existing users can share the mStock referral link with their friends using WhatsApp or any other channel. When their friends sign up and open a demat account, they earn Rs 151 on each successful referral. 

New users also enjoy the free account opening process, zero brokerage on mutual funds, IPO and delivery and low brokerage fees of Rs 5 per order. With the mStock referral code, new users can unlock a world of opportunities and wealth by accessing mStock’s various financial products. Existing users can refer up to 10 people in a month to earn rewards and further referrals will not be compensated for. However, there is no restriction on the total number of people you refer. 

Products offered by mStock 

Benefits of the mStock Referral Code 

• Referral Rewards – By sharing the mStock referral code, existing users can earn Rs 151 with every successful account opening made through their link. Since they can refer up to 10 people a month, they can earn Rs 1500 every month. 
• Free Account Opening – New users pay zero account opening fees using the mStock referral link, along with no subscription fee. 
• No Account Maintenance Charges – New users can avail multiple services without paying any account maintenance fees. 
• Zero Brokerage Fees – mStock offers zero brokerage on mutual funds, IPOs and delivery, making it easy for new investors to begin their journey and build wealth. 
• Trusted Stock Broker – mStock is trusted by 24 lakh users and has an experience of 26+ years in the market, making it a reliable platform to begin your investment journey. 
• Diverse Financial Products – New users can invest in a wide range of financial products offered by mStock. They have the option to choose from over 3500 schemes of mutual funds and place big equity delivery orders on over 1100+ stocks.

mStock Affiliate Commission vs Referral Earnings 

How to Sign Up on mStock using the Referral Code

1. Download the mStock mobile app on your device and open the mStock referral link.
2. Register with your phone number and complete the OTP verification step. 
3. Click on ‘Open Account’ and complete the KYC process. During the process, your mStock referral code will be automatically applied. 
4. Upload documents and complete setting up your profile. 
5. Once all documents and details have been uploaded, your account will be activated. 

mStock Referral Code Details 

How To Refer mStock and Earn Rewards as an Existing User

1. Open the mStock app and go to your home profile.
2. Navigate to the ‘refer and earn’ section and copy the mStock referral code from there. 
3. Share the code with your friends and family via WhatsApp and encourage them to open a demat account using the referral link. 
4. When new users successfully open their demat account, existing users receive Rs 151 per account activation as a reward. 
5. The amount gets credited to their account within 48 hours of activation and they can redeem it by leveraging the trading facilities offered by mStock. 

mStock Invite Code 

Every existing user can share the mStock invite code with their friends and family and encourage them to enter the world of trading and investment without any hassle. The mStock invite code directs them to the demat account opening process straightforwardly and makes the process less complicated. 

mStock’s diverse financial products, low brokerage fees and easy onboarding process can motivate new users to sign up on the platform and make the most of the advanced tools available to generate wealth for the future. 

Benefits of the mStock Invite Code 

• Quick Onboarding – Using the mStock invite code, new users can quickly onboard on the mStock app and be directly led to the account opening process without any complicated process. 
• Efficient Trading – mStock offers 20+ trading tools, along with powerful trading platforms that provide the option to trade from live trading charts. The platform provides research and smart advisory portfolios to help users get expert calls and curated portfolios. 
• Cost Advantages – Users pay zero account opening fee, account maintenance charges and zero brokerage fees on delivery, mutual funds and IPOs. Such cost-effective trading encourages users to take the first step towards wealth management strategies and have a secure future.  
• Earning Potential – Existing users can refer as many people as they want, with a maximum of up to 10 people in a month and earn Rs 151 on every account activation. Referrers can earn up to Rs 20,000 or more in a financial year. 

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Muskan Sinha

Muskan Sinha is a creative and passionate content writer, skilled at delivering high quality , engaging and SEO friendly content across diverse niches. With a zeal for storytelling and great critical thinking, she delivers clear, informative and impactful content that boosts audience engagement.