Is Stoxkart Safe and Reliable
Stoxkart is one of the safest and reliable discount brokers in India. This broker is the part of SMC Global, which is a reputed diversified financial services company in India. This firm has a very less complaint ratio, no major regulatory violations and follows a simple brokerage model.
The Stoxkart is a SEBI registered broker and it is a depository participant of CDSL. This broker is an active member of BSE, NSE and MCX. The various transactions of the stock broker is monitored by the SEBI and stock exchanges. The broker has reported no major violation that are reported by the company till now.
The Stoxkart offers various trading platforms and investment services across the equity, commodity, currency, derivatives, IPOs and Mutual Funds. The broker focusses on providing its services to the customers via online.
What makes Stoxkart safer than other brokers?
Here are some points that makes Stoxkart safer than other brokers. These points will further help to know the Stoxkart better.
1. Part of Reputed Company: This broker is a part of SMC Global, which is a reputed financial services company. SMC is in the investment banking industry, wealth management, depository services, insurance broking, 3rd party financial products, etc. Being a part of the reputed parent firm, SMC global provides strong financial support and the leadership experience to Stoxkart.
2. Easy Pricing Model: This stock broker provides a discount brokerage plan where it charges a ₹15 per trade across all the segments and national exchanges. These brokerage plans are easy to understand with no hidden costs. The firm only charges brokerage on the Intraday traders where the customers makes profit. Such brokerage facility helps the company in attracting the Intraday traders.
3. No client securities in Pooled account: This broker makes sure to not keep any kind of customer security in the pooled account. There is a compulsion for each customer to open a demat account with the broker and all the securities brought by the customer are immediately credited to their demat accounts.
4. Ratio of lower complaints to Active Clients: The broker determines the ratio of complaints to active clients is lower in comparison to the other stock brokers.
Conclusion
Stoxkart is the safe and reliable discount broker in India. The company further provides excellent trading software. It offers various active brokerage plan. This broker is a part of a reputed financial broker with more than three decades of brokerage industry experience.
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