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,
Marwadi Shares and Finance Ltd. is a financial service provider company operating in the financial markets for almost 3 decades. This full-service brokerage company is one of the leading in India that has been ranked amongst the top 10 in the BSE ratings multiple times.
Marwadi Shares is a Gujarat based broking firm facilitating broking as well as Wealth management services. They are spread across 104 branches nationwide and employ more than 1400 authorized sub-brokers assisting a client base of 4 lakh plus. Founded in 1992 by Pranav M. Shah, Marwadi Shares and Finance Ltd. is affiliated and licensed to trade in NSE, BSE, NCDEX, MCX security exchanges. The company is also a Depository Participant of NCDL and CDSL.
It facilitates trading in a wide segment of securities ranging from equity, derivatives, currency to mutual Funds, and insurance. They cater to the needs of retail as well as an
Charge | Stoxkart | Marwadi Shares |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹500 | ₹0 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹300 per year | ₹450 per year or one time fee of ₹2500 |
Charge | Stoxkart | Marwadi Shares |
---|---|---|
Plan Name | N/A | N/A |
Equity Delivery | ₹0 | 0.30% |
Equity Intraday | ₹15 (on profit trades only) | 0.06% |
Equity Futures | ₹15 per executed order | 0.02% |
Equity Options | ₹15 per executed order | ₹100 per lot |
Currency Futures | ₹15 per executed order | 0.02% |
Currency Options | ₹15 per executed order | ₹100 per lot |
Commodity Options | ₹15 per executed order | 0.02% |
Mutual Fund | N/A | N/A |
Segment | Stoxkart | Marwadi Shares |
---|---|---|
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 |