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,
Groww is a leading mutual fund investment platform now widening its wings into the stock investing world as well. So, here we'll have an exclusive Groww Review covering its features, types of Demat account, brokerage plans and much more.
Brokerage firms offer various plans and services to make life in trading as seamless as possible. But for those who are willing to avail these have to open a Demat and trading account. For the same, choosing the appropriate stock broker is very essential. Groww is one of the many stock brokerage firms that offer stock trading opportunities. Let’s have a brief overview of the company and the trading and Demat account it provides.
Groww initially started as a mutual fund investment platform and was launched in 2016 by Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal. The company offers trading or investment opportunities in mutual funds and
Charge | Stoxkart | Groww |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹500 | ₹200 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹300 per year | ₹300 p.a. (wherein ₹25 charged quarterly) |
Charge | Stoxkart | Groww |
---|---|---|
Plan Name | N/A | Standard Plan |
Equity Delivery | ₹0 | ₹0 |
Equity Intraday | ₹15 (on profit trades only) | ₹20 or 0.01% of executed order value |
Equity Futures | ₹15 per executed order | N/A |
Equity Options | ₹15 per executed order | N/A |
Currency Futures | ₹15 per executed order | N/A |
Currency Options | ₹15 per executed order | N/A |
Commodity Options | ₹15 per executed order | N/A |
Mutual Fund | N/A | N/A |
Segment | Stoxkart | Groww |
---|---|---|
Equity Delivery | 1x (No margin) | N/A |
Equity Intraday | Up to 15x | BO,CO: Up to 25x | N/A |
Equity Future | Up to 2x | BO,CO: Up to 7x | N/A |
Equity Options | 1x (No margin) | N/A |
Currency Future | Up to 2x | BO,CO: Up to 4x | N/A |
Currency Options | 1x (No margin) | N/A |
Commodity Future | Up to 2x | BO,CO: Up to 6x | N/A |
Commodity Options | 1x (No margin) | N/A |