Stoxkart Review: Affordable Discount Broker with Advanced Trading Tools
Stoxkart Review: Affordable Discount Broker with Advanced Trading Tools
Stoxkart, operated by Moneywise Finvest Limited, is a popular discount broker in India known for its competitive brokerage charges, user-friendly platforms, and quick online account opening process. Since its establishment in 2017, it has gained the trust of over 3.5 lakh traders, offering a blend of technology, affordability, and efficient customer support, making it suitable for both beginners and active investors.
Pros & Cons
Pros
- Zero brokerage on equity delivery, making it cost-effective for investors
- Robust trading platform with real-time quotes and advanced charting tools
- Easy online account opening with e-KYC and minimal documentation
- Free research calls and basic market insights to support informed decisions
- High app ratings of 4.9/5 on Google Play reflect user satisfaction
- Support for multiple exchanges (NSE, BSE, MCX) on a single platform
Cons
- Limited information on offline branch presence, primarily online-focused
- Research services are basic; advanced analytics require paid subscriptions
- No mention of multilingual support or regional language options
- Some charges like call & trade are applicable, which may add to trading costs for small traders
Brokerage Charges & Plans
Stoxkart operates as a discount broker with a flat fee or subscription-based pricing model. Equity delivery is free, and intraday trading charges are either ₹0 per order under the SmartTrader Plan or ₹20 per order with the Regular Plan. For derivatives, currency, and commodities, a flat ₹20 per order applies, making it transparent and straightforward for traders of all sizes.
| Segment | Brokerage Charges |
|---|---|
| Equity Delivery | ₹0 per order |
| Equity Intraday | ₹0 (SmartTrader Plan) or Flat ₹20 (Regular Plan) |
| Segment | Brokerage Charges |
|---|---|
| Equity Futures | Flat ₹20 per order |
| Equity Options | Flat ₹20 per order |
| Segment | Brokerage Charges |
|---|---|
| Currency Futures | ₹20 per order |
| Currency Options | ₹20 per order |
| Segment | Brokerage Charges |
|---|---|
| Commodity Futures | ₹20 per order |
| Commodity Options | ₹20 per order |
Additional Charges & Fees
Account Opening Process
Stoxkart offers a quick and seamless online account opening process. Using e-KYC and digital verification, traders can open their trading and Demat accounts in just a few minutes from their mobile or computer. Offline options are not detailed, but most users prefer the online method for speed and convenience, with documents like PAN, ID Proof, Address Proof, and Income Proof required for F&O accounts.
Digital Features
- Yes eKYC Available
- Yes Aadhaar Verification
- No Digilocker Integration
- Yes 3-in-1 Account
Documents Required
PAN, ID Proof, Address Proof, Bank Proof, Income Proof (for F&O), Photo, Signature, IPV
Account Opening Charges
| Online Account Opening | Free |
| Offline Account Opening | Data Not Found |
| NRI Account Opening | Data Not Found |
| Corporate Account Opening | Data Not Found |
| Demat Account Opening | Free |
Account Opening Duration
Minutes (online, as claimed on website)
Trading Platforms
Stoxkart provides a comprehensive trading ecosystem with web, mobile, and desktop platforms. Their web platform, Stoxkart Pro Web, is accessible through browsers, while their mobile app, Stocks & Trading App, is highly rated with over 10 lakh downloads and a 4.9-star rating. The desktop trading application offers advanced features for active traders, and the platform supports multiple devices for flexible trading.
Web Platform
Stoxkart Pro Web
Browser-based trading with real-time data and advanced charting capabilities
Mobile App
Stocks & Trading App
Desktop Client
Desktop Trading Application
Advanced charting, technical analysis, and high-speed order execution
Back Office
N/A
Comprehensive portfolio management and reporting tools
Features & Capabilities
Stoxkart offers a wide range of features to enhance trading experience, including multiple order types like GTT, AMO, Cover, and Bracket Orders. Their platforms support real-time streaming quotes, advanced charting with indicators, customizable dashboards, and integrated research tools. API access via Superr API enables algo trading, while tools like margin calculators and stock screeners help traders make smarter decisions.
Market Watch Lists
Up to 10 watchlists with unlimited scrips
Market Depth
Level 2 market depth available
Order Types
GTT, AMO, Cover, Bracket, and more
Real-time Streaming
Yes
Language Support
No clear info on multilingual options
Technical Indicators
Yes, via TradingView & ChartIQ
Trading Calculators
Yes
Margin Calculator
Yes
Option Chain
Yes
Heat Map
No
Stock Screeners
Yes (Real-time Screening)
Price Alerts
Yes
News Alerts
Yes
Portfolio Tracker
Yes
Custom Dashboard
Yes
Education App
Data Not Found
API Access
Yes – Superr API
Algo Trading
Yes, via Superr API with no-code support
Research & Advisory Services
Stoxkart provides basic research calls, stock recommendations, and access to paid subscriptions for advanced analytics. Their research team offers insights that help traders stay updated on market trends and make informed decisions, catering well to both beginners and experienced traders seeking reliable market analysis.
Mutual Fund Investments
Stoxkart’s mutual fund platform offers direct plans from numerous AMCs, supporting SIP and lumpsum investments with ease. They provide a simple, digital process for investing in mutual funds, making it accessible for all investors. The platform supports multiple types of SIPs including E-SIP, Smart SIP, and Step-Up SIP, catering to various investment goals.
SIP Options Available
Integrations & Strategic Partnerships
Stoxkart collaborates with various partners to enhance trading and investment options. It offers integration with Smallcase for thematic investments, and supports platforms for options trading, bonds, and insurance services, creating a comprehensive ecosystem that benefits traders and investors seeking diversified financial products.
Smallcase
Integrated for thematic investment portfolios
Options Trading Platform
Partnered for advanced options strategies
Bonds Platform
Supports bond trading through partnerships
Insurance Services
Partnered with SMC Insurance for insurance solutions
Investment & Financial Services
- Investment Themes: Yes
- Goal-Based Investing: Data Not Found
- Tax Harvesting: Data Not Found
- Portfolio Health Score: Data Not Found
- Cross Product Margin: Data Not Found
- Multi-Exchange Trading: Yes
NRI Trading Services
Stoxkart supports NRI clients with NRE and NRO accounts. NRIs can trade across segments like equities, derivatives, currency, and mutual funds, with brokerage charges aligned to Indian residents, making it a convenient choice for Non-Resident Indians seeking reliable trading services.
NRI Account Services
Available
| Account Types | NRE, NRO |
| Supported Banks | Supported Banks Not Specified |
| PIS Permission | Data Not Found |
| Trading Segments | Equities, derivatives, currency, mutual funds |
| Intraday Trading | Yes |
| Currency Trading | Yes |
| Commodity Trading | Data Not Found |
| Mutual Funds | Yes |
NRI Brokerage Charges
Customer Support & Service
Stoxkart offers dedicated customer support via phone, email, and portal ticket system. Their support timings from 9:00 AM to 8:00 PM on weekdays ensure prompt assistance. While physical branches are limited, their online support channels and quick response system help traders resolve issues efficiently and stay updated with market news and alerts.
Support Channels
Phone Support
1800-11-3331, 011-30111000, 011-71333666
9:00 AM – 8:00 PM (Mon-Fri), 9:00 AM – 4:00 PM (Sat)
Email Support
stoxkart@stoxkart.com, contact@stoxkart.com, igc@stoxkart.com
Live Chat
Ticket system available, response times vary
Physical Presence
1
Main Office
Data Not Found
Partner Offices
Data Not Found
Cities
Main Office: 11/6B, Shanti Chamber, Pusa Road, New Delhi – 110005
Branch Locator: Data Not Provided
Our Editor’s Take
Stoxkart stands out for its transparent pricing, strong platform features, and ease of account opening, especially appealing to new and active traders looking for cost-effective solutions. Their focus on technology, combined with competitive brokerage plans, makes them a compelling choice in the Indian discount broking space. The high app ratings and extensive trading tools suggest a user-centric approach, ideal for traders who want both affordability and advanced features. While their research services are basic, their overall value makes them a noteworthy option for those starting their trading journey or seeking reliable, low-cost trading platforms. For traders comparing brokers, Stoxkart offers a balanced mix of technology, cost, and support that is hard to beat in the current market landscape.
The Final Verdict
Based on the comprehensive review, Stoxkart emerges as a strong contender in the discount broking sector. Their low brokerage rates, especially on equity delivery, coupled with a feature-rich trading platform, make them suitable for both beginners and active traders. The seamless online account opening process and excellent mobile app ratings further enhance their appeal. However, their limited offline presence and basic research offerings suggest that more experienced traders seeking in-depth analysis may prefer other brokers with advanced research tools. Overall, Stoxkart provides excellent value for cost-conscious investors who prioritize technology and simplicity. For those new to trading or looking for a reliable low-cost broker, Stoxkart is a highly recommended choice that balances affordability with advanced features. It stands out as a top option for traders in India aiming for efficient and economical trading experiences.
Frequently Asked Questions
Account opening is quick and straightforward, with online e-KYC completing in minutes, making it suitable for beginners and busy traders.
They charge ₹0 per order under the SmartTrader Plan or a flat ₹20 per order with the Regular Plan, offering clear and affordable pricing.
Yes, their web, mobile, and desktop platforms are equipped with real-time quotes, advanced charting, and user-friendly interfaces for all traders.
Yes, they offer direct mutual fund plans from multiple AMCs, including SIP options like E-SIP, Smart SIP, and Step-Up SIP.
They offer phone, email, and ticket-based support with support timings from 9 AM to 8 PM on weekdays for prompt assistance.
