Stoxkart
Stoxkart
Discount Broker

About Broker

Supported by the SMC group, Stoxkart provides trading and investment services across multiple segments with a fixed brokerage rate. As of February 2024, Stoxkart boasts an active client base of 22,084.

Product Basket

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

EquityCommodityCurrencyFuturesOptions

Brokerage 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

₹500

Account Maintenance

₹300

Call Trade

₹20

Brokerage

Equity Delivery

Zero

Equity Intraday

₹15 per order

Equity Futures

₹15 per order

Equity Options

₹15 per order

Currency Futures

₹15 per order

Currency Options

₹15 per order

Commodity Futures

₹15 per order

Commodity Options

₹15 per order

Margins

Equity Delivery

4x As per exchange

Equity Intraday

33x As per exchange

Equity Futures

4x As per exchange

Equity Options

4x As per exchange

Currency Futures

4x As per exchange

Currency Options

4x As per exchange

Commodity Futures

4x As per exchange

Commodity Options

0x As per exchange

Platforms Offered

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 ApplicationBrowser-Based TradingDesktop trading application

Other Details

Pros

Advantages and Strengths of this broker.

  • The brokerage fees are quite affordable, and the best part is that they are charged only when a profit is made from intraday trades.
  • Delivers free stock recommendations.
  • Supplies live data for multiple indices.
  • The customer support team is ready to help users with any trade-related questions.

Cons

Disadvantages of this broker that it needs to improve upon.

  • The Call & Trade service is offered but comes with extra charges.
  • The app consumes a significant amount of internet data.
  • Direct mutual funds are not supported; only regular plans are provided.
  • Users are required to pay additional fees for every extra feature, including the margin plan.
  • ODIN software is available, though it incurs an additional cost.
  • Their software and interface are simplistic, with limited advanced features.

Additional Features

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

3-in-1 AccountFree Trading RecommendationsComplimentary ResearchSMS NotificationsMargin Funding FacilityLeverage Against Shares

Additional Features

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

Mutual FundsIPO PlatformBonds DebtExchange Traded FundsInsurance