STOXKART at a Glance
Stoxkart is a Delhi-based online discount brokerage company, offering financial services, and a new entrant, established in 2019. The company offers a range of stock market-related products and services and claims to charge the lowest fees in comparison to other popular brokerage houses while fetching industry-leading services to its customers.
Stoxkart is a financial brokerage company, run by young entrepreneurs but with having vast extensive experience facilitates stock market services with its digital platforms. The company claims to charge zero brokerage on delivery trade and seems to be transparent about prices as the official website mentions that Rs. 15/- flat is levied on Intraday trading regardless of trade size.
Interestingly, if you go to the company’s official website, you find the firm seems to believe in environment conservation as logos and images are made up of foliages. The company enlists on its portal the products and services it provides along with prices that are explicitly mentioned.
Financial products and services the company provides range from Demat account, Trading account, Intraday trading, Mutual funds to IPOs, and many more.
If you look at its official logo carefully, you notice that it mentions the company is powered by SMC group (founded in 1994). The website mentions SMC group as a well-diversified financial services company in the world and a company being a part of SMC Global Limited. Stoxkart claims to charge the lowest brokerage compared to the market. Stoxkart is also a depository participant under Central Depository Participants Limited (CDSL).
Products & Services
Being one of the fastest-growing financial brokerage companies, Stoxkart has the sole motive to make stock trading, not only more accessible but also more affordable. Stoxkart is powered by SMC Global Group, a parent company of if.
It aims in going past the limits that are often faced by many traders and investors in India when it comes to technology, cost, and expertise support. Here, we will go through all Stoxkart plans and offerings in detail.
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Having been Supported by a talented team of market experts, tech geeks, IT experts, and engineers StoxKart brings forth one of the best stock trading experiences especially to new customers at zero cost.
As the company claims to have the lowest Brokerage charges, it would be interesting to look into these.
| Products & Services | Charges |
| Brokerage on Delivery | Rs. 0/- |
| Brokerage on Intraday | Rs. 15/- |
| Brokerage on Derivatives | Rs. 15/- |
| Brokerage on Currency | Rs. 15/- |
| Brokerage on Commodity | Rs. 15/- |
| Account Maintenance Charges | Rs. 300/- |
| Call & trade Charges | Rs. 20/- |
| Account Opening (Equity) | Rs. 500/- |
| Account Opening (Commodity) | Rs. 500/- |
| Account Opening (Currency) | Rs. 500/- |
Besides this official mentions a few other attractive features and offers. A few of these are being such:
- Stoxkart claims that a user pays brokerage only if he/she earns a profit. If you don’t earn, you don’t pay either.
- Stoxkart has a very clear policy about pricing and there are no hidden charges.
- Charges regarding stamp duty are explicitly stated.
Stoxkart primarily focuses on providing financial services through digital means especially the focus is on mobile platforms where anyone can do business in stocks at any time from anywhere. Here are the digital services provided by the company to its users.
Digital Platforms
Stoxkart Classic
Stoxkart is the Mobile Application that is available for Android users as well for IOS users. The application features a classic design and a user-friendly interface experience. Its key features include a research-based recommendation, theme-wise investments, one-way navigation to essential options, real-time analysis, and access to mutual funds, and clearly mention what investment options might be good to achieve what goals.
Pro Web
Stoxkart Pro Web is a Browser-based trading platform that enables you to do trading in stocks using your computer or mobile phone browser application with a user-friendly interface having all the necessary market-related research-based analysis and information that you need along with a dashboard giving an extensive view of the market data for all your trades. The distinct features provided in this application are market monitor with all crucial information at one spot, quick navigation option on the login page with theme selection option, online mutual funds, live streaming of quoted data, detailed script overview for analysis, analytical information of micro and macro data, customization options for traders & investors for general & associated order preferences, back-office access of reports on the trading portal itself, research calls overview, in portal feedback feature with snap image capture, notifications, and alerts.
Desktop trading application
It is a fast, user-friendly, and easily accessible trading application available for Desktop as well as Laptop users. Like as with all software, Clients need to download & install the software on their computer, laptop, or desktop. It provides information on live quotes, advance charts for stock analysis, various order entries, research, advisory, assistance support, and much.
ODIN used for stock trading, the software that you need to install, comes with a subscription fee of Rs. 999/- annually, in order to use it.
It provides useful features such as quick navigable keys function for faster trading, analysis & market screeners & analytics, portfolio tracker with a portfolio health check-up, online mutual fund, single-hand navigation to important investment options, and theme-based investments.
StoxMF – Mutual Funds Online
Stoxkart helps you to frame your investment portfolio extensively by suggesting options that are best to your financial goals so that you are able to invest in the most profitable Mutual Funds options. You can choose to begin your stock trading journey by investing with a small capital and progressively choose to invest with a big amount while safeguarding your future as well as your family.
It facilitates you to invest in mutual funds and the stock market from a single platform. You get online and easy digital transactions, custom tailor recommendations. It also advises choosing a SIP among options and is a one portal for your wealth solution. Whit this you get SMC portfolio performance reporting to judge the performance of your mutual fund holdings, reception of assets in your Demat account, and secure digital transactions and tax savings.
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We looked at Stoxkart overview, its products & services, now we look at what are the practical advantages or disadvantages that potentially may incur when you do business with Stoxkart.
Advantages
Stoxkart claims to charge lowest brokerage. The company mentions all charges explicitly on its website. On top of it, if you fail to make a profit, you need not to pay brokerage fee.
- As per your need, the stock recommendations are provided.
- Account opening process is easy and you are charged a low fee for it.
- Real-time data & analysis for different disciplines are available.
- For queries related to trading, there is a support team to resolve your queries and suggest suitable and customized recommendations.
Disadvantages
- Call & trade service for each executed order is available at Rs 20/-. If you need to make multiple trades offline for some reason, you pay high rates.
- The portal generates OTP every time when you attempt to login. It is sometimes irritating when you need to login frequently.
- Digital applications are somewhat heavy regarding internet usage.
Why Choose It Or Not
The company claims to charge the lowest prices in comparison to other popular brokerage players in the market and mentions on its website to have to charge zero fees on delivery trade and this for a lifetime. Stoxcart for intraday trading (day-to-day trading) charges only Rs. 15/- flat irrespective of trade volume and its transaction amount.
Equity:
- Zero brokerage on equity delivery
- 1% on Buy or sell on STT/CTT (Equity Delivery)
- Sell side STT/CTT: 0.025% (Equity Intraday), 0.01% (Equity Futures), 0.05% Equity (Options)
- Transaction: 0.00325% (NSE), 0.003% (BSE) for both Equity Delivery & Equity Intraday
- Flat Rs. 15/- brokerage, for Equity Intraday, Equity Futures, Equity Options
- Flat charges Rs. 2/- paisa (BSE) for all Equity segments
- Transaction (NSE): 0.0019% per trade for Equity Future, 0.05% for Equity Options
- Transaction (BSE): 50 per crore of trade value (Equity Future/Equity Options)
Currency:
- 15/- flat brokerage on Currency Futures and for Currency Options as well
- No STT for Currency Futures/Currency Options
- Transaction (NSE): 0.0009% (Currency Futures) / 0.04% (Currency Options)
- Transaction (BSE): 22/- per crore for Futures, 100/- per crore for Options
Commodity:
- 15/- flat for Commodity Futures per order
- 15/- flat for Commodity Options per order
- STT/CTT: 0.01% on sell side for Commodity Futures
- STT/CTT: 0.05% on sell side for Commodity Options
Final Thoughts
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