Stoxkart is a Delhi-based online discount broker that was incorporated in the year 2019. The firms offer trading and investment services in Equity, Commodity, Currency, Derivatives, IPOs and mutual funds. The broker is a part of SMC Global Limited, a full-service stock broker and is a leading diversified financial service firm in India.
The broker is a SEBI registered stock broker and has memberships with NSE, BSE, and MCX. The broker also focuses on providing education to the customers on various trading and investment related topics through an online learning center.
Stoxkart focus on the charging the lowest brokerage from its customers. Thus, it is considered to be one of the lowest brokerages charging firm in the industry. The firm offers brokerage free equity delivery trades and charges flat ₹15 per executed order on Intraday equity trades only when the customer makes profit out of the trade. In all other segments the firm charges flat ₹15 per executed order.
Stoxkart offers the highest margin among all other discount broker firm. It charges up to 25 times exposure on Intraday trade across the Equity, Currency and Commodity.
It offers a fantastic range of online trading software. The firm provides Stoxkart Classic (mobile trading application), ProWeb (Browser trading application) and a Desktop trading application. The firm offers a dedicated platform specially for mutual fund investment service named as StoxMF.
Stoxkart provides the facility of opening a trading and a demat account to its customers in order to invest and trade in the Indian Stock Market. It offers an instant account opening facility to its customers online and offline.
Features of Stoxkart
1. It provides its discount brokerage services to the residents in India as well as outside India i.e. NRIs.
2. It is a part of reputed financial service firm with 30+ years of experience i.e. SMC global.
3. It is one of the least cost stock brokers in India.
4. It charges zero brokerage for equity delivery.
5. For all the other segments it charges ₹15 per order as brokerage.
6. It charges no brokerage on Intraday if the customer earns no profit out of a trade.
7. It offers up to 25X leverage on the Intraday trading with CO/BO.
8. It offers a fantastic range of trading platforms.
9. It provides mutual fund investment services free of cost.
10. This is more suitable for the experienced traders.
Products and Services Overview
The official website of Stoxkart provides an education section under the support tab for its customers. They focus on covering the maximum topics that are related to the stock market. The content is easy, informative and up to the point. It contains all the necessary information related to the stock market.
The firm offers free mutual fund investment services to customers. The customer can invest in mutual funds through mobile applications or from the web-based platforms. The firm has started its E-mandate services that automatically transfers SIP Premium from the customer’s bank account. The firm also provides mutual recommendations and portfolio health check-ups to its customers.
Stoxkart is regulated by the SEBI. It is a part of SMC Global that was founded in 1994 which is also a full-service broker. The firm is considered to be safe because of its long past track record.
This stockbroker is also a better option if the user wishes to have free advisory services. The firm focuses on providing the high success rate as they don’t ask for brokerage fees until the customer earns profit.
In terms of pricing, the firm charges lowest brokerage. They charge no account opening fees, low brokerage, free mutual fund investment service and much more.
Yes, Stoxkart provides mutual fund services to NRIs. They can invest in mutual funds by using StoxMF website and the Stoxkart Invest Trading app. NRIs are allowed to invest in mutual funds only in Indian Currency.
The Mutual fund investment with Stoxkart is completely free. There is no brokerage, no AMC, no software charge and no hidden charges. The Stoxkart offers online Mutual Fund investment services by using the StoxMF platform.
In order to close the Stoxkart demat account, there is an account closure form present on the website. The customer is required to fill it and sign it before sending it to the registered address. It is closed through a formal process and is recommended to save on paying the annual maintenance charges of your account.
The customer has to submit copies of PAN Card, Aadhar Card, Address Proof, Cancelled Cheque and photographs while opening an account. If you wish to trade in derivatives then you will have to add income proof in the documents as well.
It charges a flat brokerage fee of Rs.15 per order on Intraday Trades. The brokerage will only be charged on trades when you earn a profit. There is no brokerage charged on the Intraday trade when you lose money.
It filters the stock from the live markets on the basis of volumes and indicators “What to buy” and “What to Sell”. It shows the “Bear” and “Bull” stock that helps the trader or investor to initiate or to avoid the stock in the market. It provides direction of the market and determines the strength of the trend.
It is a web-based software that can run on any internet platform. It is a research-based tool designed by SMC research team to guide traders or investors in the live market. It shows the strength of the trend.
Yes, Stoxkart provides an online IPO application services to Indian Customers Resident that use UPI as the payment gateway. The Stoxkart customers can apply for IPO online using the IPO application provided by Stoxkart.
An option is a type of security that can be bought or sold at a particular price within a specified time period, in exchange for a non-refundable upfront deposit. An options contract offers the buyer the right to buy, not the obligation to but at the particular price or date. Options are a type of derivative product.