Stoxkart: Currency Trading: Brokerage, Charges, Reviews: 2024
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 through the NSE, BSE and MCX. The stockbroker has well over 1,00,000+ active customer base and tends to keep growing as the days go by.
Currency trading through Stoxkart
Stoxkart provides a flat brokerage fee of 15 rupees across all segments. This includes currency futures and currency options. The account opening charges are levied on a trading account which is 300 rupees, and demat annual maintenance charge is capped at 300 rupees. The stockbroker margins for currency trading under intraday are 4 (normal) and 5 (premium) for bracket orders and cover orders, its 4 (normal) and 5 (premium).
To trade in the stock market's currency segment, Stoxkart offers premium trading tools such as Stoxkart pro, Stoxkart classic, Stoxkart invest, browser trading application, and desktop application Stoxkart back office and STOXMF.
Advantages of trading in currency segment through Stoxkart
- The stockbroker offers lower brokerage fee when compared to some of the leading brokers in the country.
- Educational can be availed as to how to proceed with trading as Stoxkart does offer guidance initially.
- The trading tools offered are quite powerful and do provide a robust approach to investing.
Disadvantages of trading in currency segment through Stoxkart
- The services offered are bang average.
- The mobile application can be improved as they seem to be outdated to currency standards.
- Customer care needs a lot of improvement.
Stoxkart Review
Stoxkart is an average stockbroker providing useful tools and charging a lesser brokerage fee than other brokers. If it can improve is applications and invest a bit its services, it could have the potential to be one of the best.