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Discount Broker Depository: CDSL
6

Backed by SMC group, Stoxkart offers trading and investing in various segments at a flat rate of brokerage. Stoxkart has an active client base of 20,167 as of March 2024.

Product Basket

The segments in which you can invest (includes Equity, Commodity, Currency, Futures and Options) through this broker

Equity
Commodity
Currency
Futures
Options
Brokerage Plans (Single Plan)

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.

Charges

Account Opening Charges

₹ 500

Account Maintenance Charges

₹ 300

Call & Trade Charges

₹ 20
Brokerage

Equity Delivery Brokerage

Zero

Equity Intraday Brokerage

₹ 15

Equity Futures Brokerage

₹ 15

Equity Options Brokerage

₹ 15

Currency Futures Brokerage

₹ 15

Currency Options Brokerage

₹ 15

Commodity Futures Brokerage

₹ 15

Commodity Options Brokerage

₹ 15
Margins

Equity Delivery Margin

4x

Equity Intraday Margin

33x

Equity Futures Margin

4x

Equity Options Margin

4x

Currency Futures Margin

4x

Currency Options Margin

4x

Commodity Futures Margin

4x

Commodity Options Margin

0x
Trading Platforms Learn More

Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.

Stoxkart Classic Mobile Application Browser-Based Trading Desktop trading application
Pros

Advantages and Strengths of this broker.

  1. The brokerage charges are comparatively less & the most attractive part is that one needs to pay it only when they earn profit in their intraday position.
  2. Provides free stock recommendations.
  3. Real-time data for different indices are available.
  4. The support team is available for customers to help them with trade-related queries.
Cons

Disadvantages of this broker that it needs to improve upon.

  1. Call & trade facility is available at extra costs.
  2. A relatively heavy app in terms of internet usage.
  3. Does not offer direct mutual funds, provides only regular plans.
  4. For every extra feature customers need to pay an amount (even for margin plan).
  5. ODIN software is provided at additional cost.
  6. Their software & interface is quite basic with no extra features.
Additional Features

Extra features provided by the broker at little or no extra cost. Like research reports, SMS alerts etc.

3 in 1 Account
Free Trading Calls
Free Research Reports
SMS Alerts
Margin Funding
Margin Against Share
Other Investment Options

Services provided by the broker for investing in other financial assets such as Mutual funds, Insurance, Bonds etc.

Mutual Funds
IPO Platform
Bonds & Debt
Exchange Traded Funds
Insurance
Finology Ratings & Reviews for Stoxkart

Ratings are provided based on customer service, usability, charges and overall average. Reviews are based on positive and negative aspects of the broker that help you understand this broker better.

Charges

(3.2)

Usability

(2.5)

Customer Service

(3)

Charges Review

  • They offer flat brokerage charges.
  • Equity delivery is free & intraday brokerage is payable only when customers earn profit.
  • They offer different premium plans for margin facilities.
  • For ODIN software, customers need to pay an additional amount.

Customer Service Review

  • Support over call and email is available.
  • As per customer reviews, call support is prompt whereas, the support over email is usually delayed.
  • Stoxkart does not provide chat support and also, ticket raising option is not available.
  • They have quite a limited number of branches.

Ease of Use Review

  • The trading platforms are easy to navigate and have a simple interface.
  • They provide risk profiling (categorizing as Aggressive, Moderate or conservative) to their customers for free.
  • The platforms also feature relevant market and trading updates for the traders.

Account Opening Procedure Review

  • For individual accounts, the online account opening process is easy.
  • Investor, however, needs to mandatorily submit a physical copy of POA form for verification.
  • They provide numerous options of plans at the time of account opening, which makes it a little confusing for the new customers.

Why Choose Stoxkart? Know Everything about Stoxkart here.

Verdict

Stoxkart offers a flat brokerage (across segments) that is lower than most of discount brokers. You will only pay the brokerage on Intraday if you make a profit, which is an additional advantage for traders. Integrated back office and an easy-to-understand user interface make it a preferred choice for traders.

If you are a Trader, the broker provides you with 

  • Auto Trader - a premium feature for advanced trading research software with an automated tool to save time during decision making.
  • Integrated back office in the web trading platform.
  • Research calls are available free of cost.
  • Portfolio tracker, where customers can know the portfolio’s risk exposure.

 If you are an Investor, the broker provides you with

  • Dashboard to view investments at one place.
  • Advance Portfolio Analysis with real-time calculations.
  • Market & Historical Data for Informed Decision Making.

Trading Tools

Stoxkart Classic Mobile Application 

Stoxkart Classic Application can be downloaded by Android as well as iOS users. The application comes with quite a basic design & user-friendly interface. Some of its more features are:

  • Research-based recommendations by experts.
  •  Provides Goal based investment decisions.
  • Option to invest in Thematic investments.

Browser-Based Trading (Pro Web)

A desktop trading platform for those who are actively involved in the trading activity. It is a light weighted trading platform which can be used with different browsers without installing or downloading any additional software. Some of its features are:

  • Market watch with all necessary information in one place.
  • Detailed Scrip overview for analysis.
  • Analytics with Micro/Macro data.

 Desktop trading application 

This trading application has quick, user-friendly, and easy accessibility on Desktop and Laptop. Customers need to download & install the software on their computer, laptop & desktop. Some of its features are:

  • Hotkey function for faster trading
  • Market screeners & analytics
  • Portfolio tracker with portfolio health check-up
  • Thematic Investments

Charges Details

For Equity

CHARGES

DELIVERY

INTRADAY

FUTURES

OPTIONS

Transaction Charges

0.00345% - NSE
0.00375% - BSE

0.00345% - NSE
0.00375% - BSE

0.00200% - NSE
0.00050% - BSE

0.053% - NSE

GST

18% on Brokerage + Transaction

18% on Brokerage + Transaction

18% on Brokerage + Transaction

18% on Brokerage + Transaction

Clearing Charges

0.003% - BSE

0.003% - BSE

    0.0004% - BSE

0.01% - BSE

STT

0.1% of trading value

0.025% - Sell side

0.01% - Sell side 

₹ 0.05% - Sell side 

SEBI Charges

₹ 10 per crore

₹ 10 per crore

₹ 10 per crore

₹ 10 per crore

For Commodity

CHARGES

FUTURES

OPTIONS

Transaction Charges

Group A - 0.0026%
Group B - 0.00005%

-

GST

18% on Brokerage + Transaction

18% on Brokerage + Transaction

Clearing Charges

0.001% - NSE

0.0002% - NSE

STT

0.01% - Non Agri ,Sell side

0.05% - Sell side

SEBI Charges

0.0001%     0.0001%    

For Currency

CHARGES

FUTURES

OPTIONS

Transaction Charges

0.0009% - NSE
0.00022% - BSE

0.04% - NSE
0.001% - BSE

GST

18% on Brokerage + Transaction

18% on Brokerage + Transaction

Clearing Charges

0.0002% - BSE

0.0002% - BSE

STT

-

-

SEBI Charges

    0.0001%     0.0001%

 

Stoxkart Complaints & Stats

Company name:

Moneywise Finvest Limited

Contact:

1800-11-3331, 011- 40820400

Email:

stoxkart@stoxkart.com

Active Users:

20,167
Stoxkart Customer Reviews

Overall Rating

4

Based on 2 reviews

Rating Summary

5
50%
4
0%
3
50%
2
0%
1
0%

Review Analytics

Platform 0 votes

Charges 1 votes

Transparency 0 votes

Features 1 votes

Customer Support 0 votes

ajay khonde

(5)

Posted on 13 Jul 2021

It's amazing Brocker ?????, better than angel broking, just go for it

arvin von myer

(3)

Posted on 19 Dec 2020

Fake news. This broker charges when create new account