Stoxkart vs Interactive Brokers 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 Interactive Brokers
Interactive Brokers, found in 1978 is currently one of the biggest discount brokers in the world. Naturally, the broker is regulated by different financial authorities according to the country, including UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC), and India’s Securities and Exchange Board of India (SEBI). It has presence over a number of countries worldwide!
A one-stop solution for Indian residents interested in investing both in the Indian as well as the global markets.
Interactive Brokers: An Overview
Interactive Brokers has business on over 135 market destinations worldwide, where they provide service of trading stocks, options, futures, forex, fixed income and funds worldwide, executing about 1,746,000 trades per day.
Interactive Brokers has its headquarters in Greenwich, Connecticut. It functions with over 1400 employees in a number of countries like the USA, Switzerland, Canada, India, Hong Kong, UK, Australia, Hungary, Russia, Japan, China and Estonia.
In India, the
Stoxkart vs Interactive Brokers Account Opening Charges: 2024
| Charge | Stoxkart | Interactive Brokers |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹500 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹300 per year | ₹0 |
Stoxkart vs Interactive Brokers Brokerage Charges and Plans : 2024
| Charge | Stoxkart | Interactive Brokers |
|---|---|---|
| Plan Name | N/A | N/A |
| Equity Delivery | ₹0 | Minimum ₹6 and Upto ₹20 per executed order |
| Equity Intraday | ₹15 (on profit trades only) | Minimum ₹6 and Upto ₹20 per executed order |
| Equity Futures | ₹15 per executed order | Minimum ₹6 and Upto ₹20 per executed order |
| Equity Options | ₹15 per executed order | Minimum ₹6 and Upto ₹20 per executed order |
| Currency Futures | ₹15 per executed order | Minimum ₹6 and Upto ₹20 per executed order |
| Currency Options | ₹15 per executed order | Minimum ₹6 and Upto ₹20 per executed order |
| Commodity Options | ₹15 per executed order | N/A |
| Mutual Fund | N/A | N/A |
Stoxkart vs Interactive Brokers Margin / Exposure: 2024
| Segment | Stoxkart | Interactive Brokers |
|---|---|---|
| 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 |
Stoxkart vs Interactive Brokers Currency Charges and Plans: 2024
Other Comparisons of Stoxkart and Interactive Brokers
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