Stoxkart vs Reliance Securities 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 Reliance Securities
Reliance securities also called Reliance Smart Money is a full-service online trading and investment platform and is the broking arm of Reliance Capital. So, let's have a look at Reliance Securities Features, reviews, trading account opening and Brokerage Charges. Reliance Securities started its operation in 2005. It has a strong presence across the country with 1000+ offices serving 8 Lakh customers.
Reliance Securities offers services in:
- Equities
- NCDs/Bonds
- Sovereign Gold Bond
- IPOs
- Mutual Funds
- Derivatives
- Currency
- Corporate FDs
- Insurance Products
- Securities Lending & Borrowing
- Auction Market Participation
Features of Reliance Securities
- Competitive Brokerage: Provides different competitive brokerage plans suited for different categories of investors and traders
- Smart Trading Platforms: Offers a wide range of user-friendly trading platforms from browser-based platform to application based for both computer and mobile devices. It also offers call and trade facility to its customers
- Research: It offers it customers with specialized research report ranging from investment summaries, pre-market reports, futures
Stoxkart vs Reliance Securities Account Opening Charges: 2024
| Charge | Stoxkart | Reliance Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹500 | ₹950 (One-time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹300 per year | ₹400 p.a. |
Stoxkart vs Reliance Securities Brokerage Charges and Plans : 2024
| Charge | Stoxkart | Reliance Securities |
|---|---|---|
| Plan Name | N/A | Fixed Online Plan |
| Equity Delivery | ₹0 | 0.4%\t |
| Equity Intraday | ₹15 (on profit trades only) | 0.04%\t |
| Equity Futures | ₹15 per executed order | 0.04%\t |
| Equity Options | ₹15 per executed order | Rs 100/Lot |
| Currency Futures | ₹15 per executed order | 0.04%\t |
| Currency Options | ₹15 per executed order | Rs 100/Lot |
| Commodity Options | ₹15 per executed order | N/A |
| Mutual Fund | N/A | N/A |
Stoxkart vs Reliance Securities Margin / Exposure: 2024
| Segment | Stoxkart | Reliance Securities |
|---|---|---|
| Equity Delivery | 1x (No margin) | Upto 3x |
| Equity Intraday | Up to 15x | BO,CO: Up to 25x | Upto 10x |
| 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 | Nil |
| Currency Options | 1x (No margin) | Nil |
| Commodity Future | Up to 2x | BO,CO: Up to 6x | N/A |
| Commodity Options | 1x (No margin) | N/A |