(2 customer reviews)

Stoxkart is discount broker & backed by SMC Global which is well-diversified financial service company in India & abroad. Stoxkart charge brokerage Rs.15 per order only when you earn profit.

Stoxkart Review

Stoxkart is a discount brokerage firm. This stockbroker is part of SMC Global Stock Broker (founded in 1994) which is a well-diversified full-service broker India & abroad. They offer multiple products & services in trading & investment space.

SMC is a full-service broker as most people are opting for a discount broker nowadays. As a discount broker charges a low brokerage charge compared to a full-service broker. So, they launched their discount broker.

To beat the competition they come up with new concept pay brokerage only when you earn a profit. This is the first time in India any broker offering such brokerage. They also provide free mutual fund investment.

Trading Platform
Account Opening
Product & Features
Costumer Support
+ Positives:
  • First time in India Pay brokerage only when you earn profit.
  • Award winning research services by SMC.
  • Free Delivery- zero brokerage on delivery trade
  • Rs. 15/- FLAT per Intraday order only when you earn profit
  • Up to 25 times Exposure on Intraday
  • Paperless Account Opening Process
  • Free Mutual Fund Investment
  • Stoxkart Pro application provides Robo-Advisory.
  • Toll-free Number & dedicated support desk.
- Negatives:
  • Didn't have offline Presence
  • Relatively new discount broker

Specification: Stoxkart

Brokarage Type

Trading & Demat A/C Opening Charge


Commodity A/C Opening Charge


Equity Intraday Brokerage

₹15/- FLAT per executed order

Equity Delivery Brokerage

Equity Option Brokerage

₹15/- FLAT per executed order

Equity Future Brokerage

₹15/- FLAT per executed order

Currency Option Brokerage

₹15/- FLAT per executed order

Currency Futures Brokerage

₹15/- FLAT per executed order

Commodity Options Brokerage

₹15/- FLAT per executed order

Commodity Futures Brokerage

₹15/- FLAT per executed order

DP Transaction Charge

₹ 15.5/- per scrip

Segment Supported

, ,

AMC Charge (Yearly)

₹ 300

Tips & Research



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Offline Order Placing Charge

₹ 20

Trading Platform

Mobile App (Stoxkart Pro)

Stoxkart mobile application Stoxkart Pro is available on iOS and Android. In this review, we tested upon the android version mobile app as most of the people use to trade over android. We have tested 1.0 version which has a rating of 4.3 stars on Google Play store

We liked the price chart plotted with the event plotted. Another great feature is they embedded a tabular balance sheet & other financial data for each stock. It also allows us to track mutual fund holdings.

  • Research-based recommendation
  • Stock Market Scanner
  • Guest Login Feature
  • Thematic investments Feature
  • Advanced Charting & Alert Feature
  • Goal-based investment decisions

  • Doesn’t Work Smoothly
  • Login Features need Improvement

Stoxkart Pro app is user-friendly and well-designed. Overall this is a light-weight trading application to help you trade on ease.

Browser-Based (Stoxkart Pro Web)

Stoxkart Pro Web is a browser-based trading platform that provides all the necessary market-related information. In the dashboard, you can overview the market & your trades. You can get detailed Micro/Macro Scrip data for analysis. In the sidebar, you can access Research calls & trading ideas.

You can also set alerts or notifications. In the back-office, there is the section where you can access your detailed portfolio and fee reports.


  • Detailed Scrip overview for analysis
  • Online mutual funds
  • Research calls
  • Market watch with all necessary information at one place
  • Notifications & Alerts


  • User Interface can be improved

Overall if you don’t have installed trading software on a computer or mobile. This browser-based platform can be used as trading with ease.

Desktop Trading Platform

When we tested the Stoxkart desktop-based trading platform we find it very similar to the NEST trading platform in design. This is very user-friendly & extremely customizable in function. You can place a Good variety of order types. On the other side, there is no two-step login feature. You can easily add, remove, change the size or change the position of the tabs. You will get this feature:

  • Market screeners & analytics
  • Real-time market updates
  • Advanced charting facility
  • Multiple short cut keys
  • Portfolio tracker (Stock & Mutual Fund)

This trading platform is very helpful for those who are actively involved in the stock market & do frequent trading.


Those brokers who is charging hefty charges keep their brokerage very complex. Stoxkart has a very clear fee structure. We didn’t find any hidden charges. Even they charge one of the lowest brokerage charges in the stock market industry.


In review, we found Stoxkart new concept of pay brokerage only earns profit brokerage charges. We place an order in which we booked our position in loss. When we checked brokerage charges in Contract Notes in Email we didn’t charge for the sell order in which we booked a loss but we were charged for a buy order.

Which we found very beneficial for trading. In case, if your position goes on the wrong side your brokerage will not become a burden on your loss.

For profitable trade, we were charged for both leg (Buy/Sell ) Brokerage of 15 rupees per order.

Stoxkart levies following charges Charges & brokerage on Equity, F&O, Commodity & Currency:

Equity DeliveryZero
Equity IntradayRs. 15 per order
Equity FuturesRs. 15 per order
Equity OptionsRs. 15 per order
Currency FuturesRs. 15 per order
Currency OptionsRs. 15 per order
CommodityRs. 15 per order

You have to pay ₹15/- FLAT per Intraday order only when you earn profit irrespective of order value & segment you trade. For Delivery trades, you don’t have to pay brokerage charges so delivery brokerage is also Zero. Along with that, we found that mutual fund investment is also free.

Demat Account Charges

Now we will discuss the Stoxkart Demat & Trading Account Related charges & annual maintenance fees and other details related to the Stoxkart account.

Demat & Trading Account Opening: FreeFree
Commodity Account Opening ChargesFree
Account Maintenance Charges (AMC-Yearly)₹300/-
Call & trade charges₹20/- per order placed

It means we need to pay annual maintenance charges of Rs.300 every year for the maintenance account with Stoxkart.


Stoxkart offer maximum 25X times margin over the funds available in their account. So, it’s means if you have ₹10,000 in your Stoxkart account then you can do intraday trading up to ₹2.80 lakhs. Margin offered by Stoxkart varies for different segments and script.

Equity Delivery1x
Equity IntradayUpto 25X
Equity Futures7X
Equity Options5X
Currency FuturesUpto 3X
Currency Options4X
CommodityUp to 6x

The exposure given by Stoxkart is available only for intraday trades.


In the Stoxkart website, there is a section of education under the support tab. But Right now, they have covered around 8-10 related to the stock market which is mainly related to stock market fundamental one-page content. So, the overall content is very thin & not satisfactory.


  • Content Quality is Good


  • Trading platform tutorial Not Available
  • Don’t have Chapter Covering Technical & Fundamental Analysis

Product & Service

Stoxkart offers free mutual fund investmen