Stoxkart
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. For Paisowala Reader, Stoxkart Offering free account opening.
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.
Stoxkart is a diverse team comprising engineers, tech geeks, market experts, finance experts, and a dedicated support team to deliver you a better and enhanced trading experience hitherto undreamt of.
- Stoxkart’s software provides a great selection of trading platforms.
- Stoxkart offers mutual fund investment services for free.
- It offers discount brokerage services to people living in India and abroad, including NRIs.
- It is part of a well-known financial firm with over 30 years of experience, called SMC Global.
- Stoxkart is one of the cheapest stock brokers in India.
- Stoxkart’s new margin rule is good for experienced traders.
- Stoxkart offers a very high intraday margin.
- Stoxkart’s algo trading feature allows for automatic trading.
- Stoxkart does not charge any fees for equity delivery.
- For other services, it charges ₹15 per order as a fee.
- It does not charge fees for intraday trading if the customer does not make a profit.
- It allows intraday trading with a margin of up to 25 times using CO/BO.
Stoxkart Brokerage Calculator
Under the platforms section of the website, you can find a Stoxkart brokerage calculator. It is one of the very useful tools provided by the company. You can easily fill in all the information on the stocks that you are trading and find out the complete breakdown of the brokerage charges.
This feature is important for intraday traders for whom the brokerage firms of the big part which can influence their profit. They have provided separate calculators for every financial instrument namely equity, derivatives, currencies, etc.
Margin
Stoxkart margin varies segment-wise depending on the scrip. The below table provides Margin or Exposure provided by stoxkart for all segments.
| Segment | Margin/Limit/Leverage |
|---|---|
| Equity Delivery | Upto 4X |
| Equity Intraday | Upto 33X |
| Equity Futures | Upto 4X |
| Equity Options | Upto 4X |
| Currency Futures | Upto 4X |
| Currency Options | Upto 4X |
| Commodity Futures | Upto 4X |
| Commodity Options | Upto 0X |
Transaction Charges
| Stoxkart Charges | EQUITY Delivery | EQUITY Intraday |
|---|---|---|
| Brokerage | ₹ 0 | ₹ 15/ Executed Order |
| Securities Transaction Tax (STT) | 0.10% on both Buy and Sell | 0.025% on the Sell Side |
| Transaction / Turnover Charges | NSE 0.00335% | BSE 0.00375% | NSE 0.00335% | BSE 0.00375% |
| Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge + SEBI Charges) | 18% on (Brokerage + Transaction Charge + SEBI Charges) |
| SEBI Charges | 0.00010% | 0.00010% |
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. For Paisowala Reader, Stoxkart Offering free account opening.- 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.
- Didn't have offline Presence
- Relatively new discount broker
Customer Support
You can contact Stoxkart through:
- Email: You can raise your queries regarding your account on co*****@st******.com
- Phone: You can call the support team through a phone call dialing the below number.
- Support related queries: 011-30111000 ext239
- Customer Support: 1800113331/ 011-40820400
- Head Office: Stoxkart,11/6B, Shanti Chambers, Pusa Road ,Rajendra Place, Delhi-110005
Overview
Stoxkart is controlled by SEBI and is part of SMC Global, a full-service broker started in 1994. Stoxkart is seen as safe because it has a long history. If users want free advice, Stoxkart is a good choice. Stoxkart aims to help customers succeed because they don’t charge fees until the customer makes a profit.
They have a great selection of trading tools, like the Stoxkart Classic mobile app, Pro Web platform, and desktop software. They also have a special platform for mutual fund investments called StoxMF.Stoxkart offers a low-cost brokerage plan, charging only Rs. 15 per order for intraday and derivatives trading, and no fees for delivery trades. This is cheaper than the Rs. 20 fees from Zerodha, Upstox, and Angel One. Stoxkart makes it easy to open a trading and demat account online quickly.
Stoxkart is a new service from SMC Global and provides similar features as discount brokers, with free delivery trading and Rs. 15 per order fees. They offer mutual fund investments, but not direct ones like Zerodha and Upstox. Stoxkart also has other investment options such as Fixed Deposits and bonds, which Zerodha and Upstox do not offer.
Specification: Stoxkart
| Segment Wise Broekerage | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
||||||||||||||||
| Account Charges | ||||||||||||||||
|
||||||||||||||||
| Specification | ||||||||||||||||
|
||||||||||||||||
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 version which has a rating of stars on Google Play store
Stoxkart Pro Mobile App Review
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.
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.
Fee
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.
Brokerage
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:
| Segment | Brokerage |
|---|---|
| Equity Delivery | Zero |
| Equity Intraday | Rs. 15 per order |
| Equity Futures | Rs. 15 per order |
| Equity Options | Rs. 15 per order |
| Currency Futures | Rs. 15 per order |
| Currency Options | Rs. 15 per order |
| Commodity | Rs. 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: Free | Free |
| Commodity Account Opening Charges | Free |
| 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.
Margin
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.
| Segment | Margin/Limit |
|---|---|
| Equity Delivery | 1x |
| Equity Intraday | Upto 25X |
| Equity Futures | 7X |
| Equity Options | 5X |
| Currency Futures | Upto 3X |
| Currency Options | 4X |
| Commodity | Up to 6x |
The exposure given by Stoxkart is available only for intraday trades.
Account Opening
You can open an account in Stoxkart either Online or Offline method to start trading in the stock market.
- Online Account Opening (Through Aadhar)
- Offline Account Opening (Aadhar is not mandatory)
Stoxkart account opening Document
In both cases either online or offline Demat and trading account opening process, you need to keep these documents handy to open an account with Stoxkart.
- Pan Card
- Aadhar Card
- Last 3 month Bank Statement (For F&O Section) – Optional
- Scanned Signature
They are nowadays offering free demat & trading account.
Education
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.
Product & Service
Stoxkart offers free mutual fund investment. You can invest in mutual funds through mobile apps or from browser-based platforms. Now they also started E-mandate service which automatically transfers SIP premium from your bank account. Stoxkart also provides mutual recommendations & portfolio health checkups.
Overview
Stoxkart is regulated by the SEBI. Its parent company, SMC Global is founded in 1994 which is also a full-service broker. So it’s is considered safe because it has a long track record.
Even this stockbroker could be a better option for you if you want a free advisory service. They will also try to keep a high success rate because if you will be not in profit they will not earn brokerage fees from you.
In terms of pricing, they charge one of the lowest brokerages. As there are no account opening charges, very low brokerage fees. Their trading platform is also good so feel free to try Stoxkart at once.
6 reviews for Stoxkart
Be the first to review “Stoxkart”
There are no reviews yet.