Stoxkart vs Groww vs Zerodha

Broker Comparison

Stoxkart

(2.9) Open Demat Account

Groww

(3.1) Open Demat Account

Zerodha

(3.8) Open Demat Account
Basic Details
Broker Type
Broker Type Discount Broker Discount Broker Discount Broker
Account Opening
Account Opening Free Free ₹ 300
Account Maintenance
Account Maintenance ₹ 300 Free ₹ 300
Broker Ratings
Usability
Usability (2.5) (3) (4)
Charged
Charged (3.2) (3) (4)
Customer Service
Customer Service (3) (3.5) (3.5)

Frequently Asked Questions

Groww is a popular, SEBI registered investment adviser. All personal information entered on the platform is stored using 256-bit encryption. Also, all transactions are done through Asset management companies (AMCs) for mutual funds & Bombay Stock Exchange (BSE) for stocks, which means that at no stage does your money reach the company itself.

The Demat account and trading account opening charges with Groww are free. The annual maintenance charge is also free. Additionally, there is no margin money requirement. 

Groww charges an Rs.20 per order or 0.05% whichever is low for Equity Delivery, Equity Intraday, Equity Futures, Equity Options. Commodity & Currency trading is presently not available with Groww.

Groww is a discount broker which is aimed at providing modern online-based financial solutions to its clients at a minimal cost.

Zerodha Kite is Zerodha’s online trading platform, which was built in 2015. It is a web-based, lightweight platform which can be used for trading on mobile, tablets as well as desktop browsers. The KITE platform facilitates trading in 11 languages. Kite mobile is currently available in the Android version & iOS on Google Play store. It has advanced technical analysis charting with more than 100 charting indicators and unlimited data for different stocks.

Zerodha provides a range of mobile apps for its customers based on different services. These include:

  • Zerodha Kite: Online trading platform for stock and commodity trading

  • Zerodha Coin: For mutual funds investments

  • Zerodha Varsity: Stock marketing lessons

  • Zerodha Sentinel: Market alerts and monitoring for stocks, futures and options  on the cloud

  • Pulse by Zerodha: For latest market news and updates.

Zerodha is one of the leading and most popular stock brokers in India, with a massive client base created over years. Beginners often prefer trading with the cheapest brokers, and Zerodha, with a flat fee model at Rs 20, fits perfectly in this parameter. Additionally, Zerodha also provides online education apps, support portal, and discussion forums which prove to be of great assistance to beginner level investors. However, Zerodha being a discount broker does not assist with research, advisory or recommendations. This makes it a challenge for new investors who often find it difficult to make these decisions.

Overall, considering the many helpful services it offers, Zerodha can be considered as a good option for beginner level investors.

Stoxkart is an online discount broker which is part of SMC Global, a reputed and diversified financial services company in India. Stoxkart is a SEBI registered broker, a depository participant of CDSL and is a member of BSE, NSE, and MCX. The transactions of the Stoxkart are regularly monitored by SEBI and stock exchanges. 

It has no major regulatory violations reported till now. Hence, it would be safe to say that Stoxkart is safe and reliable for investing.

Opening a trading/demat account with stoxkart can be done through both online as well as offline. However, the online way is the most preferred as it is quick and hasslefree.

Online Account Opening Process:

  1. Visit Stoxkart’s official website and go to the Demat account opening page. 

  2. You will be asked to enter your email id and phone number. After entering the details, click on the Open Account option.

  3. After this, enter the basic information and click on ‘Signup’.

  4. Keep the scanned copies of the essential documents ready.

  5. To know more about online account opening process click here.

Offline account opening process:

  1. Go to the Stoxkart website and download the Stoxkart demat account opening form. You can also visit any of your nearest Stoxkart branches to get the form. 

  2. Fill all the required details in the form and attach the required documents.

  3. Next, you will be required to sign an agreement with your broker which would state your responsibilities as a trader. Make sure you keep this document safe in case it is needed later on. 

  4. After completing all the above steps, send the account opening form and the relevant documents to the registered office of Stoxkart.

Stoxkart charges zero brokerage for equity delivery trading. For other segments, it charges a flat Rs. 15 on per order executed. On intraday trades, Stoxkart charges a brokerage fee of Rs. 15 per order only when a customer earns profit from the trade. No brokerage is charged on intraday trades where customers lose money. Additionally, Stoxkart also charges other charges like transaction fees, clearing charges, SEBI charges, etc., which depend upon the product segment you are trading in and your transaction value.