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,
A Mumbai based entity, Motilal Oswal is one of the oldest brokerage firms providing various financial services. It has been operating for more than 30 years in this field, established in 1987. Motilal Oswal is a full service broker offering services ranging from trading to portfolio management. It has one of the largest client base in India, harbouring clients from all ends from retail investors to high-net-worth individuals, including but not limited to foreign institutional investors, mutual funds and financial institutions.
A subsidiary of Motilal Oswal Financial Service Limited, Motilal Oswal Securities Limited is a brokerage firm provides a wide range of trading options, including trading in equity, debt, derivatives and currencies across various stock exchanges like BSE, NSE, NCDEX, MCX. The firm also provides research based reports, in fact it invests about 10% of its revenue in such research practices, and it has published more than 30000
Charge | Stoxkart | Motilal Oswal |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹500 | ₹1000 (One-time) |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹300 per year | ₹299 |
Charge | Stoxkart | Motilal Oswal |
---|---|---|
Plan Name | N/A | Default Plan |
Equity Delivery | ₹0 | 0.50% |
Equity Intraday | ₹15 (on profit trades only) | 0.05% (both side) |
Equity Futures | ₹15 per executed order | 0.05% (both side) |
Equity Options | ₹15 per executed order | ₹100 per lot (both side) |
Currency Futures | ₹15 per executed order | ₹20 per lot (both side) |
Currency Options | ₹15 per executed order | ₹20 per lot (both side) |
Commodity Options | ₹15 per executed order | 0.05% (both side) |
Mutual Fund | N/A | N/A |
Segment | Stoxkart | Motilal Oswal |
---|---|---|
Equity Delivery | 1x (No margin) | 4x |
Equity Intraday | Up to 15x | BO,CO: Up to 25x | 20x for Margin+ (Over 140 Stocks), Other stocks: 4x |
Equity Future | Up to 2x | BO,CO: Up to 7x | Upto 3x |
Equity Options | 1x (No margin) | Nil |
Currency Future | Up to 2x | BO,CO: Up to 4x | N/A |
Currency Options | 1x (No margin) | Nil |
Commodity Future | Up to 2x | BO,CO: Up to 6x | Upto 3x |
Commodity Options | 1x (No margin) | N/A |