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,
SBI cap securities is the broking arm of the decades old and one of the top financial bodies SBI Capital Market ltd. Having the leverage of such an influential bank as a parent body, SBI Securities Ltd. or SSL is one of the leading stock brokers in India. They deal with a variety of depository participant (DP) services as well as equity, derivatives, broking and E-broking services to cater to both national and NRI clientele. SSL has been assigned the title of 'BQ1' (The Highest grade) by CRISIL for its operational qualities and services.
Founded in 2006 by Arun Mehta, SSL is a Mumbai-based Full service broker which offers trading in Equity delivery, Equity intraday, Commodity options, Equity futures, Equity options, Currency options and Currency futures. The minimum broking charge is Rs.10 per transaction.
It offers a 3-in-1 account feature, like other financial broking firms for direct
Charge | Stoxkart | SBIcap Securities |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹500 | ₹850 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹300 per year | ₹350 |
Charge | Stoxkart | SBIcap Securities |
---|---|---|
Plan Name | N/A | eZ-trade Plan |
Equity Delivery | ₹0 | 0.50% |
Equity Intraday | ₹15 (on profit trades only) | 0.05% |
Equity Futures | ₹15 per executed order | 0.05% |
Equity Options | ₹15 per executed order | ₹100 per lot |
Currency Futures | ₹15 per executed order | 0.03% |
Currency Options | ₹15 per executed order | ₹30 per lot |
Commodity Options | ₹15 per executed order | NA |
Mutual Fund | N/A | N/A |
Segment | Stoxkart | SBIcap Securities |
---|---|---|
Equity Delivery | 1x (No margin) | 2x |
Equity Intraday | Up to 15x | BO,CO: Up to 25x | Upto 5x |
Equity Future | Up to 2x | BO,CO: Up to 7x | Nil |
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 |