Stoxkart Review
Overview
Stoxkart is a Delhi-based online discount stockbroker with low brokerage fees, offering to trade and investing services in equity, commodity, currency, derivatives, and IPOs. Stoxkart works with SMC Global Limited as its parent company to offer the lowest rates of any brokers in India.
For intraday trades on equity only – one order for every trade made by you will be charged a flat fee of ₹15. The other segments are charged at a flat rate of ₹15 per order executed.
Stoxkart is a stock market and investment software company that has products for both desktop and mobile. They offer three different services: Stoxkart Classic, ProWeb, and their new ‘StoxMF’ platform (a mutual fund investing tool). Online Education is provided through the Learning Center to teach you how to trade or invest more effectively.
Their website provides extensive information on stocks as well as trading strategies – some of which are available in-app format too.
Features Of Stoxkart
- The company offers its discount brokerage services to the residents in India as well as outside of India who are Non-Residents Indians.
- It is a part of reputed financial service firm with 30+ years of experience i.e. SMC global.
- It is one of the least cost best stock brokers in India.
- It charges zero brokerage for equity delivery.
- For all other segments, they charge ₹15 per order as brokerage.
- Intraday trading with CO/BO offers up to 25X leverage. It offers a fantastic range of best trading platforms.
- This company provides free mutual fund investment
- This would be more suited to the experienced traders.
Stoxkart Opening Charges
Stoxkart charges Rs 500 for opening an account online. It also charges Rs 300 per year as Demat AMC.
Sr.No | Segment | Charges |
1 | Account opening charges | ₹500 |
2 | Demat account annual maintenance charges | ₹300/year |
Stoxkart Brokerage Charges
Stoxkart follows a flat rate per trade model. In order to execute an intraday or F&O trade, it charges ₹15 for each executed order, but no brokerage fee if there is a loss. On equity delivery orders, the company only charges its brokerage fees on trades that make money for customers; in other words up to ₹15 maximum.
You can study the following table in order to understand the brokerage charges.
Sr.No | Segment | Charges |
1 | Equity Delivery | ₹0 |
2 | Equity Intraday | ₹15/executed order – If Profit ₹0/executed order – If Loss |
3 | Equity Futures | ₹15/executed order |
4 | Equity Options | ₹15/executed order |
5 | Currency Futures | ₹15/executed order |
6 | Currency Options | ₹15/executed order |
7 | Commodity Futures | ₹15/executed order |
8 | Commodity Options | ₹15/executed order |
9 | Mutual Fund | ₹0 |
Stoxkart Margin Exposure
Stoxkart’s margin is 20% of trade value, 5x leverage. It offers 1.3x F&O margin across Equity, Currency, and Commodity trading on BSE/NSE/MCX respectively. There is no additional equity delivery or carry forward margins offered to the traders here.
You can study the following table in order to understand the margin & leverage properly.
Sr.No | Segment | Margin | Leverage |
1 | Equity Delivery | 100% * Trade Value | 1x |
2 | Equity Intraday | 20% * Trade Value | 5x |
3 | Equity Futures | 100% * NRML margin | 1x |
4 | Equity Options | 100% * NRML margin | 1x |
5 | Currency Futures | 100% * NRML margin | 1x |
6 | Currency Options | 100% * NRML margin | 1x |
7 | Commodity Futures | 100% * NRML margin | 1x |
8 | Commodity Options | 100% * NRML margin | 1x |
Stoxkart can help your company make 25 times more profit on every trade. Its margin leverage for intraday, delivery, options, and commodities is competitive with its cash or equity products. It offers a bracket order as the default order type which helps you control risk at all levels of portfolio diversification.
Sr.No | Segment | Margin |
|---|---|---|
1 | Equity Delivery | 1x |
2 | Equity Intraday | Intraday – Upto 15x (Depends on stock) BO/CO – Upto 25x (Depends on stock) |
3 | Equity Futures | Intraday – 2x BO/CO – Upto 7x |
4 | Equity Options | 1x |
5 | Currency Futures | Intraday – 2x BO – Upto 4x |
6 | Currency Options | 1x |
7 | Commodity Futures | Intraday – 2x BO – Upto 6x |
8 | Commodity Options | 1x |
Other Charges
- You can make a call to the Call & Trade facility at an extra cost of Rs 20 per call.
- Stoxkart charges an extra ₹20 for each order that takes place on an intraday basis.
- You have to pay transaction charges, clearing charges, GST, and SEBI charges even for broker-free trades.
How To Open Account With Stoxkart
Stoxkart offers an online account opening in 15 minutes. You can add your phone number instead of needing to provide the Aadhaar card, which makes this paperless method even easier. In addition to that, a PDF form is available for you to download and print out on their website if needed.
To open a Stoxkart account, visit the website. Once there, click the “Open an Account” link in the top navigation bar. Enter your mobile number and email address, confirm them by verifying them with OTP or through AADHAAR, then enter your PAN numbers and lastly verify them as well to complete the registration of data.
After this is completed you will be able to proceed with submitting the opening application form for opening an account on Stoxkart.
Stoxkart Trading Platforms
Stoxkart provides 4 different best trading platforms. These 4 trading platforms provided by stoxkart are as follows –
- Stoxkart mobile application
- Stoxkart Pro Web
- Stoxcart Desktop Trading Application
- StoxMF
Stoxkart mobile application
The mobile application is available for both Android and iOS. It has a classic design, and it’s user-friendly. The key features of this application include research-based recommendations for investing, thematic investments that link to the theme of your goals in life, and one-way navigation to essential options like mutual funds, you will have real-time access to those mutual funds from anywhere through their website or your phone without having any internet connection at all (this is important if you’re taking out a loan), as well as goal-oriented investment decisions.
Stoxkart Pro Web
Stoxkart web is a browser-oriented trading platform. Its features include a market monitor, a quick landing option on the login page with theme selection, online mutual funds, live streaming quotes, and more. The distinct features provided by this application are many different types of statistical data from micro to macro scales in its analytics section. customizing the interface for traders and investors based on preferences; back-office reports access through a portal that stocks them all together for easy analysis; research calls at specific times each day to help you find your next best moves when considering what you should be doing in order to succeed as an individual or company.
You can also leave feedback about stoxkart and how it’s working out thus far after logging into it via the “in portal feedback” feature that allows users to take images of their screens while they trade so they can provide customers with visual evidence suggesting why or how things could go wrong if not done correctly. Finally, there’s an alerts & notifications system that will notify you when something goes down during your trades without having any interruptions or distractions along the way.
Stoxcart Desktop Trading Application
ODIN is a trading application used for desktop and laptop computers. It provides charts, information on live quotes, order entry support, etc. ODIN offers important features such as shortcuts keys function for faster trading and single-hand navigation to important investment options like portfolio tracking and mutual funds which can be integrated with your PC or Laptop’s browser at the same time.
StoxMF
Stoxkart helps you to invest in Mutual Funds and the stock market comprehensively. You can choose to begin with small amounts, but manage your way up to larger sums of money while safeguarding your family’s future. Stoxkart is a platform that enables users who are not familiar with investing broker or don’t know where they should start from, providing an easy-to-use solution that makes it possible for them to create their own program for systematic investment plans by using Demat A/c and virtual transactions as well as customized recommendations tailored according to on individual needs so that each investor gets appropriate services without any hassle at all.
Weighing The Kart
The best brokerage accounts fee charged by stockkart is low and the attractive feature is that one needs to pay it only when they earn a profit in it.
The company also provides recommendations on stocks, and claims an easy account opening process. Customers can view real-time data for fluctuating indices but trade orders will cost Rs 20/- per order executed;
if someone wants to take multiple trades offline for any reason, his/her costs will be very high because of heavy usage of internet bandwidth.
The application has been relatively heavy with regard to net surfing; customer support team available for individuals who have queries about stoxkart trading related work though there are certain modern day traders –
after the big name traders from across the world who have made history in this trading business – which have accepted challenging work structures which ultimately opened up these opportunities wide open with regards.
These best online brokerages act as ice-breakers to the obstacles for all the range of traders, whether they are big sharks or new hounds. In addition, in a world where trading happens almost instantly and money travels faster than a flash, it is possible to have options with various platforms alongside financial markets.
The thought of having this idea would have been suicidal years ago but now thanks to “Discounted Brokers” we can enjoy this happy sound that has lead slow moving market into headline stock turner. With these emerging techniques glitchy eavesdropping might hamper your financial plan but only you know what’s best because he who pays pipers calls tunes.
Advantages & Disadvantages Of Stoxkart
Advantages Of Stoxkart
- You don’t have to pay any brokerage fee for the equity delivery trades, hence you can buy the stocks without worrying about the charges. Also, you don’t have to pay any amount for the mutual funds.
- You have to pay only ₹15 per executed order for the intraday and also for the future and options. This is really a reasonable price.
- You have to pay the ₹15 per executed order if and only if you make a profit in your trades. This means you don’t have to pay any amount when you are at a loss. The platform really cares for you.
- You can also apply for the IPO – Initial Public Offering from stoxkart. The IPO is the first time the company is going public which means that the shares of the company are available to the public for the first time.
- Stoxkart also provides an online learning platform for the people who are new in the market and the people who are curious to know more about the market.
Disadvantages Of Stoxkart
- The customers do not get the branch service and the relationship manager with stoxkart.
This can be really a problem for some of the customers.
The call & trade is available to you only when you pay the extra amount of ₹20.
Stoxkart Review: Final Thoughts
The brokerage fee charged by Stoxkart is low and the attractive feature of this best stockbroker is that you need to pay it only when they make any money. The stock recommendations are provided in addition to an account opening process that’s easy, just as their promotional material claims. Real-time data for different indices are available – but fees for a call & trade order start at ₹20/- per executed order; if someone needs multiple trades offline for some reason (e.g., higher volatility), then these can be very high amounts on top of the base charges.
There are certain traders who have accepted a challenging work style of trading, and they opened up the floor for all ranges of traders. Are traders creating history even though they were once at the top companies ruled by sharks? Yes! This is because modern-day evolutionary trader houses act as icebreakers to obstacles that might be too hard or immovable to break down on their own.
Moreover, in the era of real-time trading where money travels faster than a flash and we have options to trade on various platforms along with financial markets. The thought that you can sell stocks for less if they are not moving would have been an idea suicidal years ago but this revolutionary “Discounted Brokerage” technique has provided traders with a pleasing sound that changes the slow-moving market into headlines about stock turning prices. With this glitchy eavesdropping technique emerging rapidly, unforeseen losses could hamper your financial planning but it is up to you because he who pays the piper calls the tune.
