FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha Trade@20
The Delhi-based discount broking firm – Stoxkart serves to trade across equities, derivatives, commodities, currencies, IPO, and mutual funds. It is a registered CDSL depository participant to provide a depository facility to customers through Stoxkart Demat Account. Customers including residents as well as NRIs can open a 2-in-1 account - Stoxkart Demat Account and Stoxkart Trading Account. On the one hand, where it offers a Free demat account, on the other side, it offers a Zero-AMC trading account. The trading account with Stoxkart enables users to place buy and sell orders across different investment avenues offered whereas Demat account is a single platform to keep shares, derivative contracts, commodities, currencies, and mutual funds electronically or in dematerialized format with greater safety and security. Although the broker is a new entrant in the online brokerage industry with operations commenced in 2019, still, Stoxkart is one of the topmost choices of Indian traders because of Free Demat Account at zero account opening charges, competitive brokerage charges- Rs. 15 per order, high intraday margin exposure, free delivery trading, and many more. Walkthrough with the complete review of Stoxkart account opening including charges, the process to open an account online and offline, account closure process, and others.
Opening a Stoxkart demat and trading account comes with numerous advantages, several important of them are listed below;
If you are looking to open a trading and demat account, then Stoxkart is definitely an option available to you not just because of free demat account but also due to low pricing, zero brokerage on equity delivery trading, online mutual funds investment, and others. The brokerage firm offers both the online as well as offline procedures to open an account with Stoxkart. The online process is quite easy, quick, and hassle-free that doesn’t require any physical documentation whereas the offline process is a bit cumbersome because you require to print out the form, fill it, and courier it to the broker’s office.
Generally, most of the users prefer to open accounts online because it’s much easier and quicker. Here’s the process to open an account online;
Note: Customers have to send Stoxkart POA (Power of Attorney) in hard copy form only to authorize the broker to debit the securities from demat account.
In case, if someone is either less familiar with the online world and new-age technology or has not yet linked his Aadhaar card with his mobile number then they can open an offline account. Under the process, you can download the Account Opening Form from the Stoxkart website (www.stoxkart.com), take a printout, physically sign it, and courier it to the below provided Delhi office address by attaching necessary documents such as ID proof, address proof, income proof, etc (see below).
SMC Global Securities Ltd
11/6B Shanti Chamber,
Pusa Road
Rajendra Place Delhi 110005
India
If you’ve decided to open an account online, then it will hardly take few minutes to complete the online formalities such as filling basic information, documents upload, and others. However, if you prefer to open the account offline then the process will take time as it may need 7 days to verify and process all the forms and complete Stoxkart account opening procedure. To know the account status, you can tell your query to the customer service executive by calling toll-free number 1800-11-3331 or drop a mail at [email protected].
Once Stoxkart team has verified and processed your account opening request then thereafter it will send you an email containing your unique client code (UCC). The client login ID is important to log in online platforms such as Stoxkart Pro app login, Stoxkart Classic login, and Stoxkart Pro Web login.
Stoxkart discount broker provides demat & trading account opening form (AOF) on its official website in the pdf form. Follow these steps to get the Stoxkart AOF;
Download Stoxkart Account Opening Form
Transaction | Charges |
---|---|
Trading Account Opening Charges | Equity+Commodity+Currency-500, Equity + Currency - Rs. 300, Commodity - Rs. 200 |
Trading AMC | Free |
Demat Account Opening Charges | Free |
Demat AMC | Rs. 300 |
To open Stoxkart account, the broker demands several set of documents for the individual’s detailed verification. The document checklist for trading with Stoxkart needs following documents to be submitted;
It is obvious that many-times, account holders may have to change their account details such as bank account details, address details, e-mail, and contact number. To do this, the broker provides an Account Modification Form online on the website. To change any details in either of your Demat account or trading account or both of these, you need to download the modification request form, take a printout, enter details that you want to add or modify, attach supporting document for a valid proof and courier it to the Stoxkart address.
Note: If you have a joint account, then the account modification form must contain details about all the account holders and signature.
To download the Account Modification Form, follow these steps;
Stoxkart Account Modification Form
One might be interested to close Stoxkart demat and trading in the following circumstances;
In any of the above situations, you can close your Stoxkart demat account. Before initiating the closure process, assure to clear all dues and transfer or sell all your securities from your demat account.
Coming to the closure process, remember that you can’t close Stoxkart account online as it allows offline procedures only. Under this, the account holder has to submit a physical means hard copy of the account closure form to the broker’s head office address. You’ll have an option to close either Stoxkart Demat Account or Stoxkart Trading Account or both of these.
Step-by-step process to close Stoxkart Demat Account
Note: Account deactivation is different from closure because the former is a process to temporarily shut your trading activities while the latter is a permanent closure or deletion of all your information forever.
You can get the closure form from the Stoxkart website, under the “download” option where it provides all the forms in pdf format.
There are no account closure charges that means one can close his/her demat and trading account with Stoxkart completely free of cost.
Stoxkart account closure procedure may take nearly 3-4 working days, still, if you didn’t receive any closure confirmation then you must contact the customer service team over phone or email or chat and let them know the trouble you are facing with. The support agent will assist you to close your account.
Looking to its flat brokerage fee of Rs. 15/order, Stoxkart can be considered a good broker for those who are looking to get rid of hefty brokerage charges or trade at the lowest possible fee. Further, its Zero cost delivery trade and pay brokerage only if a trader earns profit are the positive aspects that attract many people to open an account with Stoxkart. In addition, the various spectrum of financial products, research-based stock, and mutual funds recommendations, Robo advisory, and modern age trading platforms sought to be a great alternative for traders & investors. Beyond that, as Stoxkart is a part of a large organization - SMC Group, therefore, it can be considered as a reliable broker too.
You can be a part of Stoxkart traders & investors community by opening a demat and trading account either online or offline. Once your account is opened, you can get access to various financial offerings and trade at the brokerage of just Rs. 15 per order.
Despite the Equity account and commodity trading account at applicable charges, there’re a number of account opening schemes that the broker offers. For instance, free account opening with a margin of Rs. 10,000, as per which, you can open a completely free Stoxkart demat and trading account at zero account opening charges (AOC) by keeping a trading margin of Rs. 10,000. It further offers many AOC free brokerage plans with brokerage cashback offers valid for different time duration i.e. 1 month, 2 months, 3 months, and 6 months.
Currently, no promo code available to avail discounts on account opening with Stoxkart.
Likewise many other brokers such as 5paisa, Zerodha, etc. Stoxkart also runs a referral program also called the “Refer & Earn” plan, under which, if on your reference, your friend, relative, or any other person opens Stoxkart account and transact using its trading platforms then both referral and referee will get an Rs. 200 brokerage cashback. Further, when the person opened an account then a referral will also get an Amazon gift voucher worth Rs. 500.
Stoxkart POA (Power of Attorney) is a document that authorizes Stoxkart to debit shares from the client’s Demat account when anyone transfers or sells them in the market. Anyone who wants to open an account with Stoxkart must submit the signed POA to the broker’s registered office. Notably, if you’re only an intraday or derivative trader then POA is not required.
The broker offers POA on its official website, here’re the steps to get Stoxkart POA form;
If you’re not satisfied with Stoxkart services or looking to open an account with other brokers then, you should close your Stoxkart Demat and trading account to avoid any AMC charges. To close your Stoxkart account, a person just has to submit the duly filled Stoxkart account closing form offline to the official address and within 3-4 working days, your account will be closed.
Unsatisfied clients can either chose to close the account with the Stoxkart and open it somewhere else. To do this, the broker provides an account closure form on its official website under the download section.
Steps to get Stoxkart account closure form
The Delhi-based discount broking firm provides an online account opening facility to customers. Once the account is opened, they just need to login and then can start trading online.
Here are the steps to trade with Stoxkart online;
If you have not yet linked your Aadhaar card with your mobile number then you can open Stoxkart account offline. The process requires you to download the account opening form from the website, fill it, sign it, and send it to the registered office address. Once all the documents and AOF go through verification and everything found accurate, then your account will be opened.
Steps to get Stoxkart AOF:
The broker offers an offline account modification facility wherein you need to download Stoxkart account modification form from the website, enter existing and new bank details that you want to add, and provide documents to authenticate your new bank account details. It can be anything like the latest passbook statement, bank statement, and canceled cheque with the preprinted name of the account holder.
Stoxkart Bank detail change form
The online account opening process is super-fast and quick that just requires people to fill online forms and upload documents online. Hence, once your documents are verified, online account will be opened the same day. Later, the broker will send a unique account number, also called unique client code or beneficial owner identification number (BOID) that is required to complete Stoxkart login process. In case, if there is any delay in account opening then it is advised to call the customer care team or drop your query at Stoxkart Help desk who will contact you back.
Last Updated on 2023-09-14