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,
Upstox, another name to be included in the list of fastest growing discount brokers in India. We wonder, how much longer the list of stock brokers in India will eventually get. Every other day you hear a lot of new entrants, or existing players modifying their strategies to survive and succeed in the stock broking world.
Uptstox, formerly known as RKSV Securites, is one of the biggest discount brokers in India, funded by the likes of Ratan Tata, Kalaari Capital and GVK Davix, making the firm a dependable and safe broker for all of your investment and trading needs. Based out of Mumbai, Upstox is a wide-range broker. This stock broking platform offers a huge range of trading products and services.
Using Upstox has huge advantages, especially for traders, given its plans and cheap brokerage despite volume. Also, Upstox also offers one of the quickest trading terminals, which, any trader could tell
Charge | Stoxkart | Upstox |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹500 | ₹249 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹300 per year | ₹300 per year (paid monthly) |
Charge | Stoxkart | Upstox |
---|---|---|
Plan Name | N/A | Basic |
Equity Delivery | ₹0 | ₹0 (FREE) |
Equity Intraday | ₹15 (on profit trades only) | ₹20 per trade or 0.05% (whichever is lower) |
Equity Futures | ₹15 per executed order | ₹20 per trade or 0.05% (whichever is lower) |
Equity Options | ₹15 per executed order | ₹20 per trade or 0.05% (whichever is lower) |
Currency Futures | ₹15 per executed order | ₹20 per trade or 0.05% (whichever is lower) |
Currency Options | ₹15 per executed order | ₹20 per trade or 0.05% (whichever is lower) |
Commodity Options | ₹15 per executed order | ₹20 per trade or 0.05% (whichever is lower) |
Mutual Fund | N/A | N/A |
Segment | Stoxkart | Upstox |
---|---|---|
Equity Delivery | 1x (No margin) | 1x (no margin) |
Equity Intraday | Up to 15x | BO,CO: Up to 25x | Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x |
Equity Future | Up to 2x | BO,CO: Up to 7x | Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x |
Equity Options | 1x (No margin) | Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x |
Currency Future | Up to 2x | BO,CO: Up to 4x | Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x |
Currency Options | 1x (No margin) | Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x |
Commodity Future | Up to 2x | BO,CO: Up to 6x | Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x |
Commodity Options | 1x (No margin) | N/A |