• Top Stock Brokers in India ‐ Reviews, Comparison and Offers
Overview Overall
  • Brokerage & Other Charges
  • Mobile Trading
  • Research
  • Customer Services

Why Stoxkart?

    •  Free Delivery Trade, Stoxkart does not charge any brokerage on Delivery trade.
    •  Rs.15 per executed order across all the segments
    •  Stoxkart provides mutual funds investment at Zero Commission, No transaction charges,
    •  100% paperless online Demat account opening
    •  Zero Balance Trading Account – Pledge shares & make intraday trades. No need to maintain any cash.
    •  It offers up to 25X leverage on the Intraday trading with CO/BO.
    •  Dedicated toll free number for customer services
    •  No Brokerage on Intraday Loss Trades. Pay Rs 15 brokerage fee only if you make profits.
    •  Stoxkart Referral Program- Refer a friend and earn Rs 500 Amazon voucher.
    •  Advanced charts with 80+ technical indicators on real-time basis and other options like cover order and bracket order are available
    •  Online IPO application.
    •  Brokerage Calculator

Positives

    •  Free Delivery Trade
    •  No Brokerage on loss making Intraday Trades.
    •  Commission Free mutual fund investment
    •  Flat ₹15 per executed order for Intraday,F&O, Currency & Commodity Trades
    •  Instant digital account opening
    •  Up to 25X leverage on the Intraday trading
    •  Advanced Order Type - Place cover orders & bracket orders.
    •  Get quick trigger alerts for price moments, pending orders, executed orders etc.
    •  Pledge shares & make intraday trades. No need to maintain any cash.
    •  Provide an opportunity to invest in International stocks.

Needs Improvement

    •  No Offline Branch Support & relationship managers
    •  Does not provide a 3in1 account facility.
    •  Doesn't provide Free research reports, stock tips or recommendations.
    •  Intraday positions squared off by the broker are charged at an extra Rs 20 per order.
    •  Do not Offer NRI Trading
    •  Call & Trade is available at an additional fee of Rs 20 per executed order.
    •  The account opening fees is slightly on the higher end
    •  No monthly or yearly brokerage plans are available with Stoxkart.

Overview :

Stoxkart Review  
Year of Incorporation 2019
Products Mutual Fund, Broking , NPS , Global Stocks
Demat Services CDSL
Active Exchange Memberships NSE, BSE, and MCX
Website https://www.stoxkart.com/
Contact Details 1800 11 3331
Total Number of Clients 13551
Total Number of Branches 1

Stoxkart is a Delhi-based online discount brokerage firm incorporated in the year 2019 and is part of SMC Global Limited, a full-service stockbroker and a leading financial services company in India. Stoxkart provides trading and investment services in almost all the segments like Equity, Commodity, Currency, Derivatives, IPOs, and mutual funds.

Stoxkart is a SEBI registered stockbroker and has memberships with NSE, BSE, and MCX. Stoxkart offers depository service via CDSL as it is a registered CDSL Depository participant for providing demat accounts to its clients.

Stoxkart charges one of the lowest brokerages in the industry, and It offers brokerage free equity delivery trades

Stoxkart is known in the industry for its low-cost brokerage. Stoxkart has a simple & Transparent pricing structure and offers free Equity Delivery trade and direct mutual fund investments, which means both the services are provided free of cost. It offers Intraday Trade at ₹15. It also offers Derivatives trading at ₹15 per executed order for Futures and Options trades. StoxKart charges flat ₹15 per executed order for all other segments like Intraday, F&O, Currency & Commodity. ₹15 for an order is the maximum brokerage you pay with Stoxkart for any transaction.

Stocxkart also offers a unique feature for Intraday trades of paying brokerage only when you have a profit, This makes them the first firm in India to do so, among all the brokerage firms.

Stoxkart offers investments in Direct mutual funds without any commission or charges, the same happens without any physical paperwork and within minutes.

Stoxkart offers up to 25 times exposure on intraday trade across equity, currency, and commodity segments. This is among the highest margin offered by a discount broker.

Stoxkart offers a paperless and completely online account opening process that hardly takes 15minutes. Currently, they have >1.45 Lacs, Active clients, that they acquired within a short period of time.

Stoxkart offers a wide range of online trading software to their clients to make their trading experience better. Stoxkart provides Stoxkart Classic (mobile trading application), ProWeb (Browser trading application), and a desktop trading application. It also offers a dedicated platform especially for mutual fund investment services named StoxMF.

Stoxkart also offers a referral program for their clients that offers a Cashback of ₹200 and Amazon Gift cards for their successful referrers, of Rs 500.

Stoxkart Affiliation Details

  1. CIN: U67100UP2009FLC088874
  2. Trading and clearing member NSE: EQ, FO, CDS, COM, DEBT (90161) | BSE: EQ, FO, CDS, COM, DEBT (6690) | MCX: COM (56325)
  3. SEBI Reg No. Broking - INZ000196835
  4. Mutual Funds Distributor ARN No. 156808.

Customers Service options offered by Paytm Money

Paytm Money offers multiple communication channels to its clients for using customer service.

  1. Phone Number :
    • Customer Support / Call & Trade :
      • 1800 11 3331
  2. Email Support: [email protected]
  3. Corporate Office :
    11/6B Shanti Chamber,
    Pusa Road, New Delhi - 110005,
    Tel. No. 1800 11 3331, 011- 40820400, 71333666

Stoxkart Account Opening & AMC Charges 2021

Stoxkart charges ₹500 accounts opening for Equity+Commodity+Currency, ₹300 for Equity + Currency and ₹200 Commodity trading account. They do not charge anything as Annual maintenance charges for Trading accounts but for Demat account, the charges are ₹300 per annum to maintain your demat account

Type Account Opening (One Time) Annual Maintenance Fees (Yearly)
Trading Account Equity+Commodity+Currency-₹500, Equity + Currency - ₹300, Commodity - ₹200 Free
Demat Account Free Rs.300

Stoxkart Mutual Fund Investment:

Investors at Stoxkart can invest in direct mutual funds through its online MF platform (StoxMF). The broker charges zero commission which results in ~+1% extra returns. Stoxkart also provides a ready-made collection of mutual funds recommended by experts & top mutual funds listed for different categories to its clients.

Key Features of StoxMF

  1. Invest in Mutual Funds & Stock Market directly from a single platform
  2. Paperless & hassle-free transaction
  3. A recommendation for MF as per your need
  4. Create an online mandate for Systematic Investment Plan
  5. Get mutual fund units in your demat account
  6. SMC Portfolio Health Check-up to guide you on mutual fund holdings
  7. Choose from over 1000s of Mutual Funds available

Stoxkart Equity Delivery | Intraday Charges 2021

Please find below Stoxkart Brokerage charges for Delivery Trade and Intraday Trades. Stoxkart provides Delivery trade at Zero Brokerage charges and Intraday trade at ₹15/executed order. it provides a unique feature of No Brokerage on loss-making Intraday Trades

Charges Equity Delivery Equity Intraday
Brokerage Free ₹15/Trade (on Profitable Trade)
STT 0.1% ON BOTH Buy & Sell 0.025% On the Sell-side
Transaction / Turnover charges NSE : 0.00325% | BSE 0.003% NSE : 0.00325% | BSE 0.003%
SEBI Charges 0.00005% (₹5/Crore) 0.00005% (₹5/Crore)
GST 18% on (Brokerage + Transaction Charges) 18% on (Brokerage + Transaction Charges)
Stamp Duty 0.015% 0.03%

Stoxkart F&O Brokerage Charges 2021

Please find below the Stoxkart Brokerage Charges list for Equity Futures & Equity Options. Stoxkart provides Equity future Trading at Flat ₹15/executed order and Options Trading at Flat ₹15 Per Order.

Charges Equity Future Equity Option
Brokerage ₹15/Trade Flat ₹15 per executed order
STT 0.01% On the Sell-side 0.05% On the Sell-side (ON PREMIUM)
Transaction / Turnover charges NSE: 0.0019% | BSE: 0.0007% NSE: 0.05% | BSE: 0.0005% (on premium)
SEBI Charges 0.00005% (₹5/Crore) 0.00005% (₹5/Crore)
GST 18% on (Brokerage + Transaction Charges) 18% on (Brokerage + Transaction Charges)
Stamp Duty 0.002% 0.003%

Stoxkart Currency Brokerage Charges 2021

Please find below the Stoxkart Brokerage Charges list for Currency Futures & Currency Options trade. Stoxkart provides Currency future Trading at Flat ₹15/executed order and Options Trading at Flat ₹15 Per Order.

Charges Currency Future Currency Option
Brokerage ₹15/Trade Flat ₹15 per executed order
STT NA NA
Transaction / Turnover charges NSE: 0.0009% | BSE: 0.00042% NSE: 0.04% | BSE: 0.0012% (on premium value)
SEBI Charges 0.00005% (₹5/Crore) 0.00005% (₹5/Crore)
GST 18% on (Brokerage + Transaction Charges) 18% on (Brokerage + Transaction Charges)
Stamp Duty 0.0001% 0.0001%

Stoxkart Commodity Brokerage Charges 2021

Please find below the Stoxkart Brokerage Charges list for Commodity Futures & Commodity Options trade. Stoxkart provides Commodity future Trading at Flat ₹15/executed order and Options Trading also at Flat ₹15 Per Order.

Charges Commodity Future Commodity Option
Brokerage ₹15/Trade Flat ₹15 per executed order
STT 0.01% on sell side (Non-Agri) 0.05% on sell-side
Transaction / Turnover charges Futures Group A: 0.0036% Options: 0.002%
SEBI Charges 0.00005% (₹5/Crore) 0.00005% (₹5/Crore)
GST 18% on (Brokerage + Transaction Charges) 18% on (Brokerage + Transaction Charges)
Stamp Duty 0.002% 0.003%

Stoxkart Mutual Fund Fee Structure 2021

At The Time of Buying

For SIPs Nil Nil
For Lumpsum Investment Nil Nil

At The Time of Selling / Switching

For SIPs Nil Nil
For Lumpsum Investment Nil Nil

Stoxkart Premium Plan

Stoxkart has recently launched a new Premium plan for clients interested in higher margins and free research services. Stoxkart Premium plan provides a number of advantages, therefore, comes with a higher cost, The Brokerage charges for all the segment other than Delivery increased to flat ₹30 per order instead of ₹15. However, equity delivery trading is staying free in the premium plan as well.

Key Benefits of Stoxkart Premium Plan

  • Free Equity Delivery Trade
  • Higher Margin exposure
  • Zero AMC for 1st year under the premium plan.
  • Pay brokerage only if you earn a profit, which means if a trader incurred a loss on Intraday trading, then no brokerage charges are to be paid.

Stoxkart Other charges :

  1. Rs 20 per call/order for availing the Call & Trade facility.
  2. Intraday positions squared off by Stoxkart are charged an extra Rs 20 per order.
  3. You have to pay STT, Transaction Charges, Clearing Charges, GST, and SEBI Charges even for brokerage free trades.

Stoxkart Online Account Opening:

Stoxkart offers an online account opening in just 15 minutes. This paperless account opening requires your Aadhar number linked with your current phone number. For others, a PDF form is available to download and print.

Steps to open Stoxkart Account Online

  1. Visit Stoxkart website
  2. Click the 'Open an Account link in the top navigation bar.
  3. Enter your mobile number and email address and verify them.
  4. Enter your Aadhar and PAN numbers.
  5. Verify Aadhar with OTP.
  6. Confirm your detail.
  7. Submit the account opening application form.

Note:

If your current phone number is not linked to Aadhar, you can download the PDF account opening form, print it, fill it, sign it, attach supporting documents and send it to the address mentioned in the form.

Stoxkart Trading Software (Stoxkart Trading Platforms):

Stoxkart is an online broker for trading in stocks, currency, and commodities. It provides 4 online trading applications to meet the varied needs of the customers.

  1. Stoxkart Mobile App (Advanced and Classic)
  2. Stoxkart Pro Web (Browser trading platform)
  3. Stoxkart Desktop trading application.
  4. StoxMF (Mutual Fund)

The Final Thoughts about Stoxkart

 

Stoxkart has all the things to serve their clients well from Brokerage free trading for Delivery trade , attractive brokerage on Intraday trade and F&O Trades, Zero Commission direct mutual fund investment, all kind of trading platforms, MF Investment, Facility to invest Global Stock Market etc but the time will tell about the sucess as it is quite new and does not have huge experience in discount broking field.

 

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