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,
Finvasia, a financial services company providing a wide array of services in the the financial sector. With Finvasia Securities having its base in Chandigarh, it's an emerging platform to join the race of discount brokers in India.
Finvasia is an international wealth management and broking fintech company rapidly growing in the Indian arena. this technology-driven Firm offers a very diversified business model ranging from capital market advisory to commodity broking and everything in between. With the aim To promote direct investments, It currently operates in 14 countries including Australia, Brazil, Canada, London, and others. The Indian office of the broker is situated in Chandigarh.
Finvasia was founded by Ex-wall street professionals Sarvjeet Singh Virk and Tajinder Singh Virk in 2009 in Canada. The brother duo initially came to India as Foreign institutional investors(FII) but soon realized the need to create financial solutions for the Indian investor. The company provides
Charge | Stoxkart | Finvasia |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 (Free) |
Trading Acc Opening Charges | ₹500 | ₹0 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹300 per year | ₹0 (Free) |
Charge | Stoxkart | Finvasia |
---|---|---|
Plan Name | N/A | Standard |
Equity Delivery | ₹0 | ₹0 |
Equity Intraday | ₹15 (on profit trades only) | ₹0 |
Equity Futures | ₹15 per executed order | ₹0 |
Equity Options | ₹15 per executed order | ₹0 |
Currency Futures | ₹15 per executed order | ₹0 |
Currency Options | ₹15 per executed order | ₹0 |
Commodity Options | ₹15 per executed order | ₹0 |
Mutual Fund | N/A | N/A |
Segment | Stoxkart | Finvasia |
---|---|---|
Equity Delivery | 1x (No margin) | 1x |
Equity Intraday | Up to 15x | BO,CO: Up to 25x | Upto 10x |
Equity Future | Up to 2x | BO,CO: Up to 7x | 2x |
Equity Options | 1x (No margin) | 1x |
Currency Future | Up to 2x | BO,CO: Up to 4x | 1x |
Currency Options | 1x (No margin) | 1x |
Commodity Future | Up to 2x | BO,CO: Up to 6x | 2x |
Commodity Options | 1x (No margin) | 1x |