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,
Edelweiss Broking Ltd. is a full-time broker company operating in the capital market for more than a decade. It is part of the Edelweiss Group, one of the leading companies that provide financial services in India. It's products and services span multi-asset classes and caters to a diversified set of clients including corporations. individuals and organizations. Claiming to be your wealth advisor, Edelweiss has earned several awards in the category of best broking and digital services over the years.
Founded back in 1995, The Edelweiss group commenced the commodity trading business in 2008. It is a Mumbai-based share broking company with a client base of 12 lakh spread across 200 locations in India. One of the biggest milestones of Edelweiss was the acquisition of The Jaypee Morgan Asset Management Company(AMC) in 2016. It is a registered broker with the NSE, BSE, MCX and NCDEX exchanges that
Charge | Stoxkart | Edelweiss |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹500 | ₹0 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹300 per year | ₹500 p.a. (For 1st year: Free) |
Charge | Stoxkart | Edelweiss |
---|---|---|
Plan Name | N/A | Lite Plan |
Equity Delivery | ₹0 | ₹10 per executed order |
Equity Intraday | ₹15 (on profit trades only) | ₹10 per executed order |
Equity Futures | ₹15 per executed order | ₹10 per executed order |
Equity Options | ₹15 per executed order | ₹10 per executed order |
Currency Futures | ₹15 per executed order | ₹10 per executed order |
Currency Options | ₹15 per executed order | ₹10 per executed order |
Commodity Options | ₹15 per executed order | N/A |
Mutual Fund | N/A | N/A |
Segment | Stoxkart | Edelweiss |
---|---|---|
Equity Delivery | 1x (No margin) | Upto 10x |
Equity Intraday | Up to 15x | BO,CO: Up to 25x | Upto 40x |
Equity Future | Up to 2x | BO,CO: Up to 7x | 40x |
Equity Options | 1x (No margin) | Nil |
Currency Future | Up to 2x | BO,CO: Up to 4x | 1.5x |
Currency Options | 1x (No margin) | Nil |
Commodity Future | Up to 2x | BO,CO: Up to 6x | Upto 6x |
Commodity Options | 1x (No margin) | N/A |