Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
Zerodha Trade@20
Stoxkart is a registered MCX broker to allow customers to trade-in commodities. Individuals with Stoxkart Commodity Trading Account can start commodity futures & options trading on MCX. Trading on MCX with Stoxkart is available at the flat brokerage fee of just Rs. 15 per order that is comparatively lower than other brokers such as Zerodha, Upstox, 5paisa, and Angel Broking. Thus, the brokerage is a key plus point to open a commodity Trading Account with Stoxkart and start online trading in commodities. Commodity traders can also get an advantage from the margin trading funding on commodity trading with Stoxkart. The discount broker further facilitates clients to place bracket order and cover order on MCX futures trading.
On this page, you can get every bit of information on the Stoxkart commodity trading review including its account opening charges, commodity trading brokerage, Stoxkart commodity margin, commodity trading platforms, and many more.
Before initiating commodity trading, the first question is who can actually trade-in commodities with Stoxkart. Then, the answer is only Indian citizens are allowed to do commodity trading with Stoxkart and the service is not available NRI customers. Residents are allowed to trade-in commodities i.e, gold, silver, and other precious metals, minerals i.e. Zinc, Copper, Aluminium, etc, energy products i.e. crude oil, natural gas, and Agriculture commodities i.e. Wheat, Turmeric, Soya, etc.
Why open a commodity trading account with Stoxkart and not any other broker is the key question that everyone wants to know and its justifications are pointed below:
You can open an instant or paperless commodity trading account online. The process is exactly the same as to open a Stoxkart trading account with an only key consideration is that you must have to select the commodity segment as well along with an equity and currency options. However, if at the time of account opening, you don’t use to trade-in commodities henceforth, opened an equity trading account only, then you just have to fill the Commodity Trading Segment Addition Form, sign it and send it to the broker.
Stoxkart Segment Addition Form is a form to add any trading segment whether it be MCX means commodity trading, equity derivative trading, or currency trading. The form is available on the official website of the discount broker. Here’re the steps to get the form;
If you don’t want to go with the above lengthy process, then just click below to get the form.
Stoxkart Segment Activation Form
Commodity Trading Account is the main pre-requisite that is mandatory to open to trade-in commodities F&O on MCX. The discount broking firm – Stoxkart charges commodity trading account opening fee worth Rs. 200. The account opening fee is subject to the applicable GST charges.
There’re some mandatory documents to be provided before opening a commodity trading account to the Stoxkart.
Note: If you’re adding the commodity trading segment to your existing account then only any of the above-mentioned income proof needs to be provided.
Brokerage charges are the point of attraction that encourages many traders to choose Stoxkart broker for commodity trading. It is because Stoxkart commodity brokerage is just Rs. 15 on each order on MCX. The brokerage benefit is not just restricted to the flat fee model but also it comes with no profit, no brokerage advantages wherein, the said flat brokerage is paid only when the traders have profit otherwise in case of loss, zero brokerage will be applicable.
People who trades in commodities futures & options demand margin trading funding. Stoxkart values such customers’ requirement through offering them a good commodity trading margin, mentioned below;
Stoxkart allows commodity trading on the following platforms, detailed here as under;
Stoxkart call & trade service is available on commodity trading wherein users can make a call over the toll-free number 1800 11 3331 and tell their trade requirements to the customer care executive who will place MCX orders on your behalf. It is to be noted that the service is not at all free as you’re charged with Rs. 20 per order per offers you greater ease and flexibility to place online traders as you don’t need to place an order yourself.
The discount broker has a centralized service desk through its toll-free number and email. Any commodity trader who discovers any sort of problem in commodity trading with Stoxkart can drop his/her query over either email or support desk.
The review made above brings out the fact into account that although high commodity trading account opening fee worth Rs. 200 than Zerodha’s fee of Rs. 100 is a considerable point, however, numerous advantages in terms of cheaper brokerages, zero brokerage benefits on loss, high margins under the premium plan, bracket order, and cover order, and many others suggest that Stoxkart is a good broker for commodity trading on MCX.
Yes, the discount broking firm Stoxkart facilitates online trading in commodities on MCX. One with Stoxkart commodity trading account can start MCX trading in commodities i.e. silver, gold, Agri commodities, energy, and others.
If you have opened the account earlier but excludes the commodity segment that time and now, wants to add a commodity trading segment then it is possible. To add commodity trading, you just need to get the Stoxkart segment addition form, fill it, sign it, and submit it to the broker’s address. You can get the form from the broker’s website.
Stoxkart Commodity Segment Addition Form
To add commodity trading, you have to sign in front of the MCX commodity derivative segment and courier the form along with the required documents to Stoxkart.
Yes, Stoxkart enables users to place advanced order i.e. BO and CO while trading in commodities.
Stoxkart offers commodity trading at a brokerage charge of Rs. 15/per order under the Stoxkart normal plan. However, if you are a frequent commodity trader then you can subscribe Stoxkart premium plan that comes with greater exposure or margin but charge at a brokerage of Rs. 30/order.
Last Updated on 2023-09-14
