Stoxkart vs Finvasia 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 Finvasia

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: an overview

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

Stoxkart vs Finvasia Account Opening Charges: 2024

ChargeStoxkartFinvasia
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)

Stoxkart vs Finvasia Brokerage Charges and Plans : 2024

ChargeStoxkartFinvasia
Plan NameN/AStandard
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 FundN/AN/A

Stoxkart vs Finvasia Margin / Exposure: 2024

SegmentStoxkartFinvasia
Equity Delivery1x (No margin)1x
Equity IntradayUp to 15x | BO,CO: Up to 25xUpto 10x
Equity FutureUp to 2x | BO,CO: Up to 7x2x
Equity Options1x (No margin)1x
Currency FutureUp to 2x | BO,CO: Up to 4x1x
Currency Options1x (No margin)1x
Commodity FutureUp to 2x | BO,CO: Up to 6x2x
Commodity Options1x (No margin)1x

Stoxkart vs Finvasia Currency Charges and Plans: 2024

Stoxkart charge ₹15 per executed order for Currency Futures and ₹15 per executed order for Currency Options whereas Finvasia Charges ₹0 for Currency futures and ₹0 for Currency options.

Stoxkart vs Finvasia Commodity Charges and Plans: 2024

Stoxkart charge ₹15 per executed order for commodity and Finvasia charge ₹0 for commodity.
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