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,
One of the largest full service broker, Sharekhan is based in Mumbai, and has a client base of more than 17 lakh accounts. Sharekhan, is one of the biggest names in Indian equity and derivative trading and was a pioneer in the field of online trading. Sharekhan’s holding company is BNP Paribas, a Euronext Paris Stock Exchange listed entity with a history in banking. It is regulated by Securities and Exchange Board of India (SEBI).
Sharekhan was established in the year 2000 in Mumbai, Maharashtra. Originally, Sharekhan was a subsidiary of SSKI Group and it later got acquired by BNP Paribas Group. Sharekhan’s network is spread over 550 cities. Here, they are spread out in over 1850 offices, with a presence in middle-eastern countries like Oman and UAE.
Sharekhan offers a wide range on investment and advisory services like market news, comprehensive research reports, stock quotes, fundamental and statistical analysis
Charge | Stoxkart | Sharekhan |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹500 | ₹0 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹300 per year | ₹400 (Free for 1st year with trading account) |
Charge | Stoxkart | Sharekhan |
---|---|---|
Plan Name | N/A | Classic Account |
Equity Delivery | ₹0 | 0.50% |
Equity Intraday | ₹15 (on profit trades only) | 0.10% |
Equity Futures | ₹15 per executed order | 0.10% |
Equity Options | ₹15 per executed order | ₹50 per lot |
Currency Futures | ₹15 per executed order | 0.10% |
Currency Options | ₹15 per executed order | ₹30 per lot |
Commodity Options | ₹15 per executed order | 0.03% |
Mutual Fund | N/A | N/A |
Segment | Stoxkart | Sharekhan |
---|---|---|
Equity Delivery | 1x (No margin) | Upto 5x |
Equity Intraday | Up to 15x | BO,CO: Up to 25x | Upto 10x |
Equity Future | Up to 2x | BO,CO: Up to 7x | 2x |
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 | Upto 2x |
Commodity Options | 1x (No margin) | N/A |