Infinite Broker

Stoxkart Review

Stoxkart Demat, Brokerage, Margins, Trading Review 2024

Share this post

Facebook
Twitter
LinkedIn
WhatsApp

Stoxkart is the fastest growing discount brokerage arm by SMC Global. SMC Global is a well known full-service broker established in 1990. Stoxkart offers all major investment services. i.e equity, derivatives, currency, commodity, IPO, and MFs. Stoxkarts head-office is located in Delhi.

Stoxkart charges the lowest brokerage of Rs 15/-per order for equity intraday trades only when clients make a profit. Equity delivery trades are totally brokerage free in Stoxkart. For derivatives, currency, and commodity, they charge Rs 15 per executed order.

To trade more with a low initial margin, Stoxkart provides up to 25 times intraday exposure in equity as well as in currency and commodity.

Stoxkart offers advanced trading platforms. Company offers Stoxkart desktop trading software, Stoxkart Classic mobile app, and Pro web browser platform.

Stoxkart Brokerage Charges

Stoxkart has kept its brokerage structure very simple and clear. They charge Rs 15 per order for intraday irrespective of trade value or trade quantity. Intraday charges are applicable only when clients earn profits. Zero brokerage charges are applicable for Equity delivery trades.

Stoxkart Account Opening Enquiry

Segment

Stoxkart Brokerage Charges

Equity Intraday

Rs 15/- per order (No Profit No Brokerage)

Equity Deilvery

Free

Equity Futures

Rs 15/- per order

Equity Options

Rs 15/- per order

Currency Futures

Rs 15/- per order

Currency Options

Rs 15/- per order

Commodity Futures

Rs 15/- per order

Commodity Options

Rs 15/- per order

Statutory Charges For Equity And F&O

Stoxkart Charges

EQUITY INTRADAY

EQUITY DELIVERY

EQUITY FUTURES

EQUITY OPTIONS

STT/CTT

0.025% on the sell side

0.1% on buy & sell

0.01% on sell side

0.05% on sell side (on premium)

Transaction Charges

NSE: 0.00325% per trade

NSE: 0.00325% per trade

NSE: 0.0019% per trade

NSE: 0.05% (on premium)

BSE: 0.003% per trade

BSE: 0.003% per trade

BSE: 50 per Crore of trade value

BSE: 50 per Crore of trade value

Clearing Charges

BSE: 2 paisa per trade

BSE: 2 paisa per trade

BSE: 2 paisa per trade

BSE: 2 paisa per trade

GST

18% on (brokerage + transaction charges)

18% on (brokerage + transaction charges)

18% on (brokerage + transaction charges)

18% on (brokerage + transaction charges)

Stamp Duty

0.003% or ₹300 / crore on buy side

0.003% or ₹300 / crore on buy side

0.002% or ₹200 / crore on buy side

0.003% or ₹300 / crore on buy side

SEBI Charges

0.00010% ( 10 /- crore)

0.00010% ( 10 /- crore)

0.00010% ( 10 /- crore)

0.00010% ( 10 /- crore)

Statutory Charges For Currency And Commodity

Stoxkart Charges

Currency Futures

Currency Options

Commodity Futures

Commodity Options

STT/CTT

No STT

No STT

0.01% on sell side

0.05% on sell side

Transaction Charges

NSE: 0.0009%

NSE: 0.04% (on premium)

0.0026%

BSE: 22 per crore

BSE: 100/- per crore

N/A

N/A

Clearing Charges

BSE: 0.0002%

BSE: 0.0002%

0.001%

0.002%

GST

18% on (brokerage + transaction charges)

18% on (brokerage + transaction charges)

18% on (brokerage + transaction charges)

18% on (brokerage + transaction charges)

Stamp Duty

0.0001% or ₹10 / crore on buy side

0.0001% or ₹10 / crore on buy side

0.002% or ₹200 / crore on buy side

0.003% or ₹300 / crore on buy side

SEBI Charges

15 /- crore

15 /- crore

15 /- crore

15 /- crore

Other Charges In Stoxkart

  • Additional charges of Rs 20 per order for orders placed through Stoxkart support/dealing desk. (Call & Trade)
  • Additional charges of Rs 20 per order if intraday positions are squared off before market closing by the Stoxkart RMS team. (Auto Square Off)
  • Delivery transaction charges of Rs 15.5 per script per day are applicable at the time of selling stocks from the demat account and Rs 5.5 per MF per day at the time of debit from the demat on redemption.

Stoxkart Exposure & Margins

Stoxkart provides the highest intraday margin up to 25x. Clients can trade more even with a low initial margin utilizing higher exposure with Stoxkart. The company does not provide margin for equity delivery or overnight positions. 

Segment Wise Exposure Limits

Segment


Intraday

Overnight Positions

MIS

C/O

B/O

NSE Cash

Upto 15x

25x

25x

1x

BSE Cash

Upto 10x

N/A

N/A

1x

Equity/Index Futures

2x

7x

7x

1x

Equity/Index Options Buying

1x

1x

1x

1x

Equity/Index Options Writing (Selling)

2x

7x

7x

1x

Currency Futures

2x

4x

4x

1x

Currency Options Buying

1x

N/A

N/A

1x

Currency Options Writing

2x

4x

4x

1x

MCX Futures

2x

6x

6x

1x

MCX Options

N/A

N/A

N/A

1x

Stoxkart Account Opening Process

You can open an account with Stoxkart online and offline both ways. You can open an account using the online process in less than 30 minutes during working hours. In case, if your Aadhar card does not have a linked mobile number, you can choose an offline process for account opening.

Step By Step Account Opening Process With Stoxkart

  • Visit Stoxkart website here
  • Fill email id and mobile number
  • Fill Pan number and DOB
  • Verify with Central KYC
  • Choose account opening scheme
  • Select segments
  • Make payment
  • Fill bank account details
  • Fill personal details
  • Upload required documents
  • Record and upload In-Person Verification video
  • Wait for the documents verification email
  • Complete account opening process using E-Sign with aadhar OTP

Documents required for account opening with Stoxkart

  • Pan Card
  • Aadhar Card
  • Canceled Cheque
  • Passport Size Photograph
  • Latest 6 months Bank Statement (For F&O segment)

For offline account opening, download the account opening form pdf, print it, and send the duly signed form to the Stoxkart office address.

Stoxkart Trading Platforms

Clients can trade with Stoxkart in different ways. Stoxkart offers trading on mobile through Stoxkart Classic application and pro-web (web-based trading platform).

Stoxkart Classic

  1. Supports multiple exchanges to trade
  2. Live market streaming
  3. Option calculator facility is available
  4. Payment gateway available for pay-in with leading banks
  5. Provide research based recommendations
  6. Available for android and iOS users

Pro Web

  1. Web browser trading platform 
  2. Market watch with all essential information at one place
  3. invest mutual funds online
  4. Get live market streaming
  5. Analytics with Micro/Macro data

Desktop Trading Software

  1. Supports multiple segments
  2. Hotkey utility for faster trading
  3. Build portfolios about an investment idea using Thematic Investing
  4. Portfolio tracker with portfolio health check-up for stock holdings

Stoxkart Pros & Cons

Stoxkart Pros

  • Stoxkart provides free account opening.
  • Stoxkart does not charge brokerage on intraday loss trades.
  • Pay the lowest brokerage of Rs. 15, only when you make a profit.
  • Stoxkart does not charge brokerage for equity delivery trades or mutual fund investment.
  • Highest intraday exposure up to 25x.
  • No software charges.
  • A toll-free number with a dedicated support team is available for customers to help.

Stoxkart Cons

  • An additional charge of Rs 20 per executed order for Call & Trade.
  • An additional charge of Rs 20 per executed order for Auto Square off.
  • Can not participate in IPO through Stoxkart.
  • No direct plans are available in mutual funds, provides only regular plans in mutual funds. 

Share this post

Facebook
Twitter
LinkedIn
WhatsApp

Leave a Comment