Stoxkart is based out of Delhi, and it is relatively new in the broking market place, incorperated only in 2019. Stoxkart is an online discount broker, which offers services like trading and investment across a variety of segments including equity markets, commodities, currencies, futures and options, IPOs and mutual funds.
A Delhi-based firm, Stoxkart is a part of SMC Global Limited, which itself is a full-service broker and has been a leading diversified financial services company in India for quite a while now.
As mentioned earlier, Stoxkart provides services of trading across a lot of different sectors, but also in that, it provides up to 25 times exposure on intraday trades which can be across equities, currencies and commodities, which happens to be among one of the highest margins offered, especially by a discount broker.
The company can do that because it is backed by SMC, which is a full-service broker, who has expanded into this space because of the current trend of people opting for discount brokers. As a discount broker charges a low brokerage charge compared to a full-service broker.
Among the various value added benefits, one particularly interesting one that Stoxkart has brought is the concept of paying brokerage only when one books a profit. This marks the first firm in India to do so, among all the brokerages. Along with this, there is also their referral program which offers Amazon Gift cards for their referrers, of Rs 200. Like its peers, it also offers free mutual fund investment.
Stoxkart is a team of highly experienced and skilled professionals with proven track records and solid financial backgrounds. This, along with their coming of age approach along with a dedicated support team, enables the brokerage to provide good quality services at surprisingly reasonable price.
Stoxkart, like all of its peers, is available on all personal and mobile devices across all platforms, catering to both novice and advanced traders.
Stoxkart provides a flawless trading experience through its mobile trading application. It has two applications, the second by the name of Stoxkart Pro, which is for advanced traders, fulfilling their needs when trading on the go.
This is a specific mutual fund trading application, for all of the mutual fund needs be it selecting units for investment, looking at historical performance data, etc operated through Stoxkart account.
A fast user-friendly program downloadable for desktop., which has all the features a trader needs from charting tools to real-time alerts, providing a secure, unique and quick experience.
Lastly, of course like all the traders, it also offers a browser based trading platform for beginners and infrequent investors alike, to both trade and check your dematerialized holdings.
The procedure is quite simple. Head to the website. Click on the open an account option, following which you will have to enter your phone number and email and verify them with an OTP. Give you Aadhaar card details along with other documentation in soft copy. Apply, and you should get your account opened instantly after paying the opening charges. Stoxkart is a discount stock broker that offers 2-in-1 accounts where your Demat and trading accounts are integrated. They allow users to trade in all securities where any trade executed are credited directly into your Stoxkart Demat account. To open
|Demat Account Opening Charges||₹0|
|Trading Acc Opening Charges||₹500|
|Trading Account AMC||₹0|
|Demat Account AMC||₹300 per year|
|Equity Intraday||₹15 (on profit trades only)|
|Equity Futures||₹15 per executed order|
|Equity Options||₹15 per executed order|
|Currency Futures||₹15 per executed order|
|Currency Options||₹15 per executed order|
|Commodity Options||₹15 per executed order|
The stockbroker does offer trading in the stock market's currency segment through the NSE, BSE, and MCX. Currency trading through Stoxkart can be availed through a flat brokerage fee of 15 rupees per lot.
Stoxkart is an online discount stock broker that offers trading in almost all the stock market segments
Stoxkart has brought the concept of paying brokerage only when one books a profit. This marks the first firm in India to do so.
Since Stoxkart is a registered MCX broker, there is an option to trade in commodities. Stoxkart customers can trade in commodity futures and options