Stoxkart Brokerage Review: A Comprehensive Guide for Indian Investors
Stoxkart
Stoxkart aims to simplify trading for Indian investors with a unique pricing model that emphasizes zero brokerage on all trades. Their target segment includes both novice and experienced traders looking for a cost-effective way to trade in equities, futures, and options. With no hidden charges and a transparent fee structure, Stoxkart stands out in the competitive brokerage landscape.
Account Opening & Maintenance
One-time and recurring charges for trading and demat accounts
Account fees are separate from per-trade brokerage charges. It is important to consider these costs when assessing overall trading expenses.
Brokerage Charges by Segment
Per-order charges across equity, currency, and commodity trading
Delivery
Long-term
Intraday
Most Popular
Futures
Derivatives
Options
Derivatives
Currency Futures
FX Trading
Currency Options
FX Trading
Commodity Futures
MCX/NCDEX
Commodity Options
MCX/NCDEX
Exchange Transaction Charges
Charges levied by NSE and BSE (paid to exchanges, not the broker)
Exchange charges are mandatory fees set by stock exchanges and collected by brokers on behalf of NSE/BSE.
| Segment | NSE Charges | BSE Charges |
|---|---|---|
| Equity Delivery | 0.00307% | 0.00375% |
| Equity Intraday | 0.00307% | 0.00375% |
| Equity Futures | 0.00307% | 0.00375% |
| Equity Options | 0.00307% | 0.00375% |
Statutory Taxes & Levies
Government-mandated charges including STT, CTT, GST, and SEBI fees
Securities Transaction Tax (STT)
Stamp Duty Charges
State government levy on buy-side transactions
| Segment | Stamp Duty Rate |
|---|---|
| Equity Delivery | 0.015% |
| Equity Intraday | 0.015% |
Stamp duty is charged on the buy side of transactions and varies based on the state regulations.
Demat & DP Charges
Depository participant fees for demat services, pledging, and transfers
| Service | Charge |
|---|---|
| Demat Transaction — Sell | Rs. 15 + GST per scrip |
DP charges become significant for traders who frequently pledge securities, use BTST strategies, or transfer holdings between demat accounts.
Calculate Your Total Trading Cost
Estimate complete charges including brokerage, taxes, and exchange fees
Use the brokerage calculator at [Brokerage_Calculator_URL] to get accurate estimates of all trading costs, including brokerage, exchange charges, STT/CTT, GST, SEBI charges, and stamp duty.
Value-Added Services Impact
How additional features affect your total cost of trading
Services like Margin Trading Facility at 21% interest compounding daily can impact overall trading costs. While they provide flexibility, users should consider the interest costs against potential benefits.
Who Should Choose Stoxkart?
Stoxkart is ideal for cost-conscious traders, particularly those engaged in high-frequency trading or long-term investment strategies. With zero brokerage on various segments and transparent pricing, it caters to both novice investors and seasoned traders looking for competitive rates.
Frequently Asked Questions
Yes, Stoxkart offers free delivery trading. However, statutory charges such as STT, stamp duty, GST, and exchange charges still apply.
Stoxkart charges zero brokerage per order, which particularly benefits high-value trades, as no brokerage fees are incurred.
Options trades incur zero brokerage at Stoxkart. However, STT, GST, and exchange fees still apply on the sell side.
No, DP charges typically do not apply to intraday trades as they are squared off before market close.
Additional charges may include call & trade fees, physical contract notes, and payment gateway charges for fund deposits.
