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,
It is a wholly owned subsidiary of Yes Bank.With Inherited knowledge from its parent company of over 50 years of experience in banking, wealth management, and advisory, Yes Bank securities aimed to become a wealth manager and advisor for its banking clients all over India. They facilitate an in-house team of multi-asset specialists and advisors to direct the client while trading or investing.
Yes Bank had lengthened its arms to offer a complete range of financial products and services catering to the needs of an individual, corporate, and MSMEs. Being a full-service commercial bank it has a pan-India presence overall 28 states and 9 Union territories.
Yes Securities is a SEBI licensed investment advisor and a member of BSE, NSE, MCX, and NCDEX exchanges. Incorporated in 2013, with the claim of 'making investments as easy as booking a cab', Yes Securities provides interactive graphic stock health scores,
Charge | Stoxkart | Yes Securities |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹500 | ₹999 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹300 per year | ₹500 |
Charge | Stoxkart | Yes Securities |
---|---|---|
Plan Name | N/A | Invest Value Plan |
Equity Delivery | ₹0 | 0.45% |
Equity Intraday | ₹15 (on profit trades only) | 0.05% |
Equity Futures | ₹15 per executed order | 0.05%, Intraday - 0.02% |
Equity Options | ₹15 per executed order | ₹75 per lot, Intraday - ₹25 per lot |
Currency Futures | ₹15 per executed order | 0.05%, Intraday - 0.02% |
Currency Options | ₹15 per executed order | ₹75 per lot, Intraday - ₹25 per lot |
Commodity Options | ₹15 per executed order | N/A |
Mutual Fund | N/A | N/A |
Segment | Stoxkart | Yes Securities |
---|---|---|
Equity Delivery | 1x (No margin) | N/A |
Equity Intraday | Up to 15x | BO,CO: Up to 25x | N/A |
Equity Future | Up to 2x | BO,CO: Up to 7x | N/A |
Equity Options | 1x (No margin) | N/A |
Currency Future | Up to 2x | BO,CO: Up to 4x | N/A |
Currency Options | 1x (No margin) | N/A |
Commodity Future | Up to 2x | BO,CO: Up to 6x | N/A |
Commodity Options | 1x (No margin) | N/A |