Stoxkart Review 2020

Rated 4/5 by Top Share Brokers Team
Stoxkart Review

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Incorporated in 2019, Stoxkart is a discount broking arm of SMC Group that is a well-diversified financial service organization serving clients in India and abroad. The group is a one-stop solution to meet all trading & investment requirements of customers and therefore, rewarded with a number of accolades such as Premier Depository Participant Award, Fastest Growing MFI North Award, Corporate Brokerage House of the Year 2018, and many others.

Stoxkart limited is a registered trading member of BSE, NSE, and MCX, through which, the discount brokerage firm facilitates customers to trade & invest in equity, derivatives, commodities, currencies, IPO, mutual funds, government securities, bonds, and corporate FDs. It is a registered CDSL Depository participant to offer Demat account opening services to its clientele base. The broker was established with the key motive to make trading easier and cheaper in terms of cost, technology, and support. To achieve the same, it empowers a community of traders & investors through sharing their market expertise, zero brokerage benefit, new-age technology, and robust trading platforms.

In terms of pricing, Stoxkart, being a discount broker, has Rs. 15 flat brokerage model. As the name itself, under the plan, Stoxkart charges Rs. 15 per executed order for trading across segments i.e. equity intraday, futures & options, commodity, and currency. The brokerage charges are even lower than India’s leading brokers such as Zerodha, Angel Broking, Upstox, etc. who charge flat Rs. 20 per order. Further, to stay highly competitive in the industry, likewise Zerodha, Angel Broking, and others, Stoxkart offers free equity delivery trade means it charges zero brokerage on delivery trading. The key component or USP that differentiates Stoxkart from other brokers is that it runs on “No profit, No brokerage” concept means users have to pay brokerage only if they earn a profit, otherwise, no brokerage charges levied.

The broker further focuses on providing cutting-edge technology and offers all kinds of trading platforms to users including ODIN Diet desktop trading software, browser-based platform - Stoxkart Pro Web, and mobile trading app. It strongly emphasizes on trading & investment on-the-go through Stoxkart mobile applications such as Stoxkart Classic and Stoxkart Pro. All of its trading platforms embedded with many advanced features such as market screeners, data analytics, research calls, detailed scrip overview, hotkey function, portfolio tracker, advanced charting, notifications & alerts, and many more. It further facilitates clients through online mutual fund investment over web platform – StoxMF.

In addition, many value-added services such as award-winning research backed by SMC market experts, Robo advisory, call & trade, refer & earn, margin trading, advanced orders such as aftermarket order, bracket order (BO) and cover order (CO) are available. The Delhi-based broker values customers' needs & expectations and maintains valuable relationships with them through a team of dedicated support agents. It provides customer support over various channels i.e. voice, email, and chat to assist them throughout the journey and resolve their queries.

Walkthrough with the complete Stoxkart review including its brokerage charges, types of accounts, account opening charges, margins, trading platforms, and many more.

Stoxkart Review 2020 - Quick Summary

One of the fastest-growing brokers offering trade at a flat brokerage of just Rs. 15 per order, free delivery trading, and trade-on-the-go through Stoxkart Pro app and Stoxkart classic mobile app.


Benefits

  • One-stop solution: Stoxkart is a single platform for equity trading, derivatives trading, commodity trading, currency trading, IPO, mutual funds, fixed deposits, corporate debt, etc.
  • Free demat account: It offers a free Demat account at zero Demat account opening charges, however, Demat AMC of Rs. 300 is levied.
  • Zero-AMC trading account: Although customers have to pay a one-time account opening fee on the trading account, however, there are no AMC charges.
  • Residents and NRI: The clientele base of the broker includes both the Indian residents as well as NRIs including the US and Canada-based NRIs.
  • Low brokerage charges: It is the USP of Stoxkart because its flat brokerage charges of Rs. 15 per order are even below the leading stockbroker's charges like Zerodha, Angel Broking , Upstox, etc.
  • Free Equity Delivery Trading: Stoxkart offers Zero brokerage equity delivery trading means clients can trade-in the equity delivery segment completely free.
  • No profit, No brokerage: Stoxkart is the only broker who values profit received by customers and charges brokerage only if their trade is profitable otherwise, there is no need to pay any brokerage charges.
  • Cutting-edge trading platforms: It provides desktop trading software, Stoxkart Pro Web online trading platform, and Stoxkart Classic mobile application to trade-on-the go.
  • Free Mutual Fund investment: Likewise Zerodha MF, mutual fund investment with Stoxkart is completely free at zero brokerage, zero account opening fees, and Zero AMC.
  • Research-based recommendations: The parent organization – SMC Global offers world-class research across equity, commodities, currency, derivatives, IPO, and mutual funds as well. With this, Stoxkart offers research-based recommendations to customers to benefit them from market opportunities.
  • Margin Trading: Stoxkart users can avail of the margin trading facility while trading across segments such as commodity trading on MCX, equity intraday trading, derivatives, and currency.
  • Real-time customer support: With an experienced and dedicated team of support agents, it offers the best class customer services over voice, email, and chat platform to resolve their account opening and trade-related queries.
  • Robo-advisory: Customers can also access Robo-advisory on Stoxkart Pro mobile application.
  • Call & trade service: Customers can call the support executive at the customer service desk and place over the phone. The service comes with a nominal charge of Rs. 20 each order.
  • Refer & earn: Likewise all other brokers, Stoxkart has a referral program, under which, if on your referral, any person opens an account with Stoxkart then the referral will get an amazon gift voucher worth Rs. 500.
  • Advanced orders: Stoxkart users are allowed to place advanced orders such as bracket orders, cover orders, and aftermarket orders (AMO).

Considerations

  • Unlike HDFC Secrurities, ICICI Direct, Upstox, and others who offer 3-in-1 account, Stoxkart doesn’t provide a 3-in-1 account opening facility.
  • Unlike Zerodha, it doesn’t offer Good Till Triggered order facility to its clients.
  • Commodity trading and currency trading is not allowed to NRIs.
  • Call & trade service is not free as charged at Rs. 20 per order.
  • Algo trading services are not available.
  • Stoxkart (established in 2019) is relatively a new broker in the discount broking space.

Special Offer

No profit, No brokerage plan facilitates trader to pay a flat brokerage fee of Rs. 15 per order, only if you earn a profit otherwise, no brokerage charges levied.

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Stoxkart Investment Options Compare

Here we are comparing Stoxkart with its 5 close competitors on investment options.

Broker Stoxkart Sharekhan 5paisa Zerodha SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading Yes Yes Yes Yes Yes
Mutual Funds Yes Yes Yes Yes No
MF SIP Yes Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance No Yes Yes No No

Stoxkart Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 4/5

Stoxkart Account Opening Charges

      »»  Trading Account Opening Charges: Equity+Commodity+Currency-500, Equity + Currency - Rs. 300, Commodity - Rs. 200
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Free
      »»  Demat Account AMC: Rs. 300

Stoxkart Brokerage

Being a discount broking firm, Stoxkart offers a flat discount brokerage plan, under which, it charges a flat brokerage of Rs. 15 per executed order across different segments. Check the segment-wise Stoxkart brokerage charges here as under;

1. Discount Brokerage Plan – Flat Fee Model

In the Indian broking industry, many brokers such as Zerodha, Angel broking, paisa, Upstox, etc. offer a flat fee model to clients to trade at the lowest charges. Similarly, Stoxkart also launched a discount brokerage model, but the point that differentiates it from other online brokers is its low brokerage charges. It is because unlike other brokers who charge Rs. 20 each order, Stoxkart allows trading atjust Rs. 15 per order. Further, such a flat fee brokerage is only levied on profitable trading, however, on loss, there is no brokerage.

  • Equity Delivery: Zero brokerage on equity delivery
  • Equity Intraday: Flat fee of ₹15/order
  • Equity Futures: Flat fee of ₹15/order
  • Equity Options: Flat fee of ₹15/order
  • Currency Futures:Flat fee of ₹15/order
  • Currency Options: Flat fee of ₹15/order
  • Commodity Futures: Flat fee of ₹15/order
  • Commodity Options: Flat fee of ₹15/order

2. Stoxkart Premium Plan

Recently, the broker has launched a Stoxkart premium plan that comes with many extra benefits such as free 1st year AMC and high intraday margin trading exposure and bracket orders and cover orders exposure that offers extra leverage to customers. As the premium plan provides a number of advantages, therefore, comes with a greater cost, as the plan charges Stoxkart brokerage of ₹30 per order for intraday trading. However, equity delivery trading is free.

Benefits

  • The said brokerage plan charges a flat brokerage fee regardless of the trading volume.
  • Lower brokerage fee of Rs. 15 per executed order.
  • No brokerage on trading in the equity delivery segment means it is free.
  • Pay brokerage only if you earn a profit, means if a trader incurred a loss on trading, then no brokerage charges need to be paid.
  • Zero AMC for 1st year under the premium plan.
  • The Stoxkart premium plan provides high margin exposure trading benefits.

Other charges

  • Call & trade charges: Rs. 20 per order
  • Auto-square off intraday positions are charged at Rs. 20.
  • Stoxkart DP charges of Rs. 15.5 each scrip is charged on the sell of stocks from your demat account.

Considerations:

  • No percentage based brokerage plan.
  • No monthly or yearly brokerage plans are available with Stoxkart.
  • Stoxkart premium plan charges a high brokerage of Rs. 30/order for trading in the intraday segment.

For complete brokerage charges and trading plans detail please visit Stoxkart Brokerage Charges.

Stoxkart with closest competitors

Here we are comparing Stoxkart with its 5 close competitors, who are currently market leader in brokerage industry.

Broker Stoxkart Sharekhan 5paisa Zerodha SAMCO
Service Type Discount Broker Full Service Broker Discount Broker Discount Broker Discount Broker
Brokerage Range Rs. 15 per order 0.1 to 0.5% Rs 20 Rs 20 Rs 20
Account Type 2 in 1 2 in 1 2 in 1 3 in 1 2 in 1
Equity Delivery Free 0.5% or 50 paisa Flat Fee Rs 20 Free 0.2% or Rs 20 whichever is lower
Equity Intraday Flat Fee Rs 15 per order 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Futures Flat Fee Rs 15 per order 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 15 per order 2.5% of Premium or Rs 250 per lot whichever is high Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Commodity Flat Fee Rs 15 per order 0.1% or 10 paisa Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures Flat Fee Rs 15 per order 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Currency Options Flat Fee Rs 15 per order 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Rating

Please refer unique and accurate Stoxkart Brokerage Calculator


Open Trading and Demat Account with Stoxkart

The discount brokerage house –Stoxkart serves residents in India as well as NRI clients (including US and Canada-based) to open a 2-in-1 account including demat and trading account online. Various account offerings by Stoxkart are discussed here as under:

Stoxkart Demat Account

    The broker being a registered DP with CDSL offers Stoxkart Demat Account to customers to facilitate them to keep their securities such as shares, derivatives, mutual funds, etc. electronically with high safety and security. The process to open a demat account with Stoxkart is quite simple and hassle-free wherein users can fill all the information and provide documents online. The key advantage is that it offers free Demat Account at zero account opening charges.

Stoxkart Trading Account

    Stoxkart Trading Account is an account to facilitate buying and selling of various products whether it is equity, futures & options contract, commodity, currency, etc. Thus, any purchase and sell order is placed through the trading account, and based upon the order, security is credited or debited to the Demat account. Stoxkart provides a Zero AMC trading account and there is no minimum balance required to be maintained in the said account.

Stoxkart Commodity Trading Account

    The broker is a registered MCX member who offers commodity trading services. To start commodity trading with Stoxkart, clients have to open a Stoxkart Commodity Trading Account, on which, account opening fee of Rs. 200 is charged. If you’ve already opened an equity trading account and want to activate commodity trading too, then you can do it by providing a duly filled Segment Addition Form to the broker.

Stoxkart Mutual Fund Account

    As its name, Stoxkart Mutual Fund Account is a specific account to meet mutual fund investment requirements of customers. The key advantage to investing in MF with Stoxkart is that it offers free means Zero brokerage fees MF account that is neither subject to any account opening fee nor AMC charges. StoxMF (mf.stoxkart.com) is the online web-based mutual fund investment platform.

If you’re keenly looking to trade at the lowest brokerage charges, then you can open an account online with Stoxkart through following ways;

  • Simply fill your contact details here and the Stoxkart customer service team will reach you.
  • Go to the official website of the broker, sign-up, and open online account.

Contact Stoxkart

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Stoxkart Trading Platform and Tools

Trading Platforms Rated 3/5

    Stoxkart India provides all the trading platforms & tools that are most extensively used by traders and investors including mobile trading applications, browser trading platforms, and desktop trading platforms. Each of the platforms is discussed here one by one as follows;

    Stoxkart Classic

      It is the Stoxkart mobile trading app that provides a seamless user-experience through trade on their fingertips. The light-weight Stoxkart classic app facilitates trading on multiple exchanges such as BSE, NSE, and MCX. Mobile users can download the app on Android smartphones from Play Store and on iOS devices, it can be installed from the App Store. Stoxkart mobile app offers many features including but not restricted to charting, multiple market wah3tchlist, research-based recommendation, online mutual funds investment, thematic investment, trading calls, fund transfer, price alerts, and historical data.

    Stoxkart Pro

      This is another in-house build advanced mobile app by Stoxkart. The Next Gen mobile trading platform –Stoxkart pro app provides cutting edge charting tools, and live market data to analyze the market on a real-time basis. Further, Robo advisory, market analytics, portfolio analysis, live market news, trade from the chart, research call notifications, informative dashboard, guest login, etc. are the other important features of the Stoxkart Pro app. Users just need to install the Stoxkart trading app on their devices whether Android and iOS, login, and then can start trading on BSE, NSE, and MCX.

    Stoxkart Pro Web

      Stockport Pro web is the web-based online trading platform by the broker that provides all the necessary market-related information. The browser-enabled platform comes with numerous features such as a market watch, detailed script analysis, research calls, alerts & notifications, real-time streaming quotes, micro/macro data analytics, back-office reports, online mutual funds, and many more.

    Desktop trading application

      The desktop trading software by Stoxkart is accessible on laptops and computers. The new-age software provides real-time market quotes, advanced charting, research & advisory, comprehensive order entry, hotkey function, market screener, portfolio tracker, thematic investment, and many other features.

    Stoxkart Invest mobile app

      Stoxkart Invest is the mutual fund mobile trading application that allows online or completely paperless investment in mutual funds. The Mutual fund app provides MF investment on your mobile phone anytime anywhere in the world. The mobile application facilitates MF investors to purchase, redeem, or switch their mutual fund investment.

    StoxMF

      The discount broking firm also offers an online mutual fund investment facility over StoxMF web trading platform. StoxMF (mf.stoxkart.com) is not just a platform for MF investment but the broker also assists you to select the best mutual funds in line with the investor’s goal. The purchased MF units will be shown in your Demat account. The brokerage house offers both the SIP and lumpsum investment route. One can open a Free Mutual Fund Account and start SIP with as low as Rs. 100 per month.

    For detail review of mobile app and download please visit Stoxkart Trading Platform Review.

Stoxkart Trading Platform Compare

Here we are comparing Stoxkart with its 5 close competitors on Trading Platform.

Broker Stoxkart Sharekhan 5paisa Zerodha SAMCO
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
Android Tablet App Yes Yes Yes Yes Yes
Android Mobile App Yes Yes Yes Yes Yes
iPhone App (iOS Mobile App) Yes Yes Yes Yes No
iPad App Yes Yes Yes Yes No
Mobile Site Yes Yes Yes Yes Yes

Final thought about Stoxkart

Rated 4/5 by 20 users

In a very short span of time with existence since 2019, Stoxkart is such a broker who has managed to put a great impression over the community of traders and investors which itself speaks about its positioning and brand value. With low-cost brokerage charges at just Rs. 15 per order, free delivery trading, excellent customer support, free Demat account, and advanced trading platforms, the broker has been moving towards becoming one of the top brokerage houses in the country. Also, intraday traders can avail of the benefits of high margin exposure by subscribing to its premium plan offer. In addition to this, Stoxkart users can also get expert recommendations on stocks and mutual funds investment that will help them to make the right investment decision.

If you like what you have read and want to open an trading and demat account with Stoxkart, leave your contact information with us and we will guide you.

Last updated on 2020-07-23


Stoxkart FAQs

  1. 1. What are the mobile apps for Stoxkart online trading?

    Stoxkart, the discount broker focuses on providing the best mobile trading experience. The broker offers different mobile apps to deliver them mobile-friendly trading experience. Stoxkart mobile apps include Stoxkart Invest, Stoxkart Pro app, and Stoxkart classic mobile app. All of these mobile trading platforms are completely free to use at zero charges.

    Mobile apps for Stoxkart

    • Stoxkart Pro App: Stoxkart Pro is an advanced mobile trading application that offers online trading across multiple exchanges such as BSE, NSE, MCX. There are many unique features available on the Stoxkart pro mobile app i.e. Robo advisory, advanced charting, technical indicators, historical market data, research calls notification, multiple time-interval charts, price alerts, guest user login, and others.
    • Stoxkart classic mobile App: Stoxkart classic app is an in-built basic mobile app by Stoxkart. Although the mobile app allows trading across multiple segments, detailed scrip analysis, historical market data, thematic investment, real-time trading calls, however, it has several missing features i.e. Robo advisory, market screener, trade from the charts, advance chartings, and others.
    • Stoxkart Invest: This is Stoxkart mutual funds app that allows investment in various mutual fund schemes from different categories. The Stoxkart Invest app facilitates zero cost mutual funds invest at nil brokerage or zero account opening fee.

     

  2. 2. Does Stoxkart allow UPI Fund Transfer?

    Yes, Stoxkart allows UPI fund transfer facility to its customers. Here are the steps to transfer funds through Stoxkart;

    • Head to the Stoxkart website.
    • In the end, click on the “UPI Fund Transfer”.
    • Now, enter client code and PAN number and press the “submit” button.

     

  3. 3. Is Stoxkart safe?

    Stoxkart being a part of a large group – SMC, a reputed diversified financial organization can be considered a safe broker. Further, its cheapest brokerage model of flat fee @ Rs. 15/order, trading across multiple segments, strong compliant management ratio, zero cost mutual funds investment, NRI provisioning, modern age trading platforms like Stoxkart Pro app, Stoxkart classic mobile app, Stoxkart desktop trading software, etc. are reasons why Stoxkart can be considered a safe brokerage house.

     

  4. 4. Is Stoxkart Good?

    Despite being a relatively new broker in the stockbroking industry, Stoxkart is a good broker due to the following reasons;

    • Trading across equity, derivatives, commodities, currency, IPO, mutual funds, government securities, bonds, etc.
    • Flat brokerage charges of Rs. 15 per order.
    • No profit, no brokerage means pay brokerage only when you earn profit.
    • Zero brokerage equity delivery trading.
    • Free mutual fund investment.
    • Robo advisory on Stoxkart Pro advanced mobile trading application.
    • Research-based stocks and mutual funds recommendations

     

  5. 5. What is Stoxkart Delivery margin?

    The Delhi-based discount brokerage firm doesn’t charge brokerage on delivery trading however, its delivery margin is 1X means no margins available on delivery trading. Hence, clients have to pay margins upfront to trade in the delivery segment. Customers can also convert intraday trade into delivery trade if the client has enough margins equivalent to the cost of a trade.

     

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