Stoxkart vs ProStocks 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 ProStocks
Founded in 2016, ProStocks is the Online venture of Sunlight Broking LLP- one of India's top stock broking companies. It is known to offer convenient trading at economical rates. Being an online venture ProStocks prides itself in not indulging with any overhead costs like branch offices, Relationship managers and expensive advertisements in order to offer low-cost transactions and plans. ProStocks is the cheapest broker for unlimited trading plans which intends to start providing mutual fund services soon.
ProStocks: An Overview
It is a Mumbai-based company founded by SP Toshniwal (present CEO) and Saurabh Ranka which allows its clients to trade and invest in the companies listed on the BSE and NSE exchanges. It facilitates trading in segments like Equity cash, Derivative Trading, Currency trading and Intraday Equity. The 2-in-1 Demat and trading account feature makes transactions handy and convenient. They also offer NRI trading services with zero additional account fee and
Stoxkart vs ProStocks Account Opening Charges: 2024
| Charge | Stoxkart | ProStocks |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹500 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹300 per year | ₹0 (with ₹1000 one time refundable deposit) |
Stoxkart vs ProStocks Brokerage Charges and Plans : 2024
| Charge | Stoxkart | ProStocks |
|---|---|---|
| Plan Name | N/A | Unlimited Plan |
| 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 | N/A |
| Mutual Fund | N/A | N/A |
Stoxkart vs ProStocks Margin / Exposure: 2024
| Segment | Stoxkart | ProStocks |
|---|---|---|
| Equity Delivery | 1x (No margin) | 1x (no margin) |
| Equity Intraday | Up to 15x | BO,CO: Up to 25x | 7x (Margin intraday sq off) |
| Equity Future | Up to 2x | BO,CO: Up to 7x | 2x |
| Equity Options | 1x (No margin) | 1x (no margin) |
| Currency Future | Up to 2x | BO,CO: Up to 4x | 1.5x |
| Currency Options | 1x (No margin) | 1x (no margin) |
| Commodity Future | Up to 2x | BO,CO: Up to 6x | N/A |
| Commodity Options | 1x (No margin) | N/A |