Stoxkart vs Angel Broking Comparison: 2024
About Stoxkart
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.
Stoxkart: Overview
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,
About Angel Broking
In this post, you'll know about Angel Broking Trading and Demat Account Opening and Brokerage Charges. You can also have a sneak peak into the Angel Broking apps and important features.
Angel Broking: An Overview
Angel Broking is a leading stock broking and wealth management firm. The company was founded in 1987 and has grown over the years as a leading Financial Investment service provider in India. Angel Broking serves more than 1 million customers with its presence in 900+ cities with 8500+ strong network of sub-brokers.
So, let's begin with the wide range of products and services that Angel Broking offers you.
Angel Broking: Product and Services Offered
- Equity
- Initial Public Offering (IPO)
- Commodity Trading
- Currency Trading
- Derivatives
- Life Insurance
- Mutual Funds
- Portfolio Management Service (PMS)
- Depository Services
- Investment Advisory
- Offline to Online conversion
- Intraday Trading
It provides the iTrade Prime (Flat fee) Trading Plan which has Free Equity Delivery and
Stoxkart vs Angel Broking Account Opening Charges: 2024
| Charge | Stoxkart | Angel Broking |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹500 | ₹600 (One-time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹300 per year | ₹450 (from 2nd year onwards) |
Stoxkart vs Angel Broking Brokerage Charges and Plans : 2024
| Charge | Stoxkart | Angel Broking |
|---|---|---|
| Plan Name | N/A | iTrade Prime |
| Equity Delivery | ₹0 | ₹0 |
| Equity Intraday | ₹15 (on profit trades only) | Flat ₹20 per executed order |
| Equity Futures | ₹15 per executed order | Flat ₹20 per executed order |
| Equity Options | ₹15 per executed order | Flat ₹20 per executed order |
| Currency Futures | ₹15 per executed order | Flat ₹20 per executed order |
| Currency Options | ₹15 per executed order | Flat ₹20 per executed order |
| Commodity Options | ₹15 per executed order | Flat ₹20 per executed order |
| Mutual Fund | N/A | N/A |
Stoxkart vs Angel Broking Margin / Exposure: 2024
| Segment | Stoxkart | Angel Broking |
|---|---|---|
| Equity Delivery | 1x (No margin) | Upto 3x |
| Equity Intraday | Up to 15x | BO,CO: Up to 25x | Upto 10x |
| Equity Future | Up to 2x | BO,CO: Up to 7x | Upto 4x |
| Equity Options | 1x (No margin) | 3x for shorting |
| Currency Future | Up to 2x | BO,CO: Up to 4x | Upto 2x |
| Currency Options | 1x (No margin) | Upto 5x for shorting |
| Commodity Future | Up to 2x | BO,CO: Up to 6x | 3x |
| Commodity Options | 1x (No margin) | N/A |