Stoxkart is a discount broker which is a part of SMC Global Stock Broker established in 1994. It is a well-diversified full-service broker India & abroad. They provide multiple products & services in trading & investment.
The Stoxkart Account Opening charges are low compared to any other full-service broker. They launched their discount broker to beat the competition. They come up with new concept pay brokerage charges only when you earn a profit.
This is the first time in India any broker is giving such a brokerage plan. Stoxkart also provides free mutual fund investment.
Here you can know the procedure to open a Stoxkart Demat Account.
Why Open Stoxkart Demat Account?
Stoxkart Demat Account provides great offers, products, and services to the clients at a low brokerage. Below are the Stoxkart Offers for the clients.
- Stoxkart charges zero brokerage fees on delivery trading and a flat brokerage charge of Rs.15 only when you earn a profit.
- Stoxkart provides clients to open a Free Trading Account.
- Stoxkart provides a platform to trade in mutual funds.
- Stoxkart also provides support to the clients for solving any type of queries and issues.
Stoxkart Demat Account Opening charges
Stoxkart Account opening charges are as below
- Stoxkart Account Opening fee is Rs 300 for equity and currency, in which you can buy/sell shares & derivatives on NSE and BSE.
- Rs 200 for commodity trading, in which you can buy and sell commodities on MCX.
After completing your Stoxkart signup process, you can make the payment through net-banking, UPI, Google pay or Debit/Credit card. This should suffice for you to open a Stoxkart account.
Stoxkart Brokerage charges
Stoxkart charges a flat rate brokerage charge of Rs 15 per executed trade. The brokerage charge will be fixed irrespective of the trading volume.
No brokerage will be charged for delivery based trades. For all the trades the Stoxkart Brokerage Charges will be deducted only when you earn a profit.
|Equity Delivery Trading||Zero|
|Equity Intraday Trading||Rs.15 FLAT per executed order|
|Commodity Options Trading||Rs.15 FLAT per executed order|
|Equity Futures Trading||Rs.15 FLAT per executed order|
|Equity Options Trading||Rs.15 FLAT per executed order|
|Currency Futures Trading||Rs.15 FLAT per executed order|
|Currency Options Trading||Rs.15 FLAT per executed order|
Documents Required for Stoxkart Demat Account Opening
To open a Stoxkart Demat Account, we need to upload a few documents online. I suggest you keep clear images or scanned copies of all these documents ready.
The documents required for Stoxkart Account Opening are
- Pan Card
- Aadhar Card
- Signature on White Paper
- 3 Months Bank Statement
- Income Statement
After arranging all the documents, click on the Stoxkart Signup link to register the mobile number and enter OTP received on your mobile number.
- You need to enter your name as per pan and email id.
- If your mobile number and email id are already registered then you have to enter a mobile number and one-time password(OTP) received on your number
- Continue the Stoxkart Account Opening process by uploading documents online.
Step by Step Process to Open Stoxkart Demat Account Online
You can open the Stoxkart Demat Account Online within 10 minutes by following the steps shown below.
Step 1. Stoxkart Demat Account Signup
To open a Stoxkart Demat Account you need to click on this link and fill Basic Details like your Email Id & Mobile Number then click on SEND OTP. You need to submit the OTP received on your registered mobile number to sign up.
Step 2. Enter Pan card details
You need to enter PAN Card Details & Date Of Birth here and click on next to save and move for further step
Step 3. Select the scheme & Make payment
You need to select the scheme according to your preference and enter promo code if any available and make payment to continue for further steps. You don’t need to pay any account opening charges if you have selected a free account option. You can apply promo code to open a free Stoxkart Demat Account.
Step 4. Enter bank details
You need to enter your bank account details and upload personalized cancelled cheque or 6 months bank statements as proof.
Step 5. Provide Basic Details
Now you need to fill required Basic details with Stoxkart such as Your mother’s name, father’s name, address, Gender, Political affiliation, Marital Status, Trading Experience & Etc.
Step 6. Upload required documents
In this step, you need to upload a clear scanned copy of required documents such as photo, pan card, signature, bank proof, aadhar card(any address proof document is valid), etc.
STEP 7. Select E-sign option
Here you get two options to complete your Stoxkart Account Opening process. You can click on “E-sign with aadhar OTP” if your aadhar card is linked with a mobile number and if your aadhar id is not linked with a mobile number, you can go with offline forms.
Step 8. E-sign with Aadhar
If you opt for Online Esign, then the Digio page will pop up for E-Signing. You need to enter the OTP which is received on your mobile number. You have to enter your aadhar card number and enter the OTP received on aadhar registered mobile number and E-Sign your Stoxkart Account Opening form through Aadhar.
Step 9. Courier the Annexure
You need to download annexure forms from the provided link, make signatures on them and courier to the Stoxkart head office address.
Stoxkart Account Opening process – Offline
If your aadhar card is not linked with your mobile number, you need to do an IPV (in-person verification) by holding a PAN card and aadhar and record a video.
You need to take a print out of offline forms, make signatures on them and courier to the Stoxkart head office address. It will take 7 days to process your forms and complete the Stoxkart Account Opening process.
Documents to Open a Stoxkart Demat Account Offline
To open a Stoxkart Demat Account, you need to courier forms along with the documents.
The documents required for Stoxkart Account Opening are
- Pan card
- Aadhar card
- Signature on a white paper with blue/ black ink.
- 3 months of Bank statement. ( bank account number, MICR code or IFSC code should be clearly mentioned)
- Income proof or Latest salary slip or ITR form.
How do I open a Stoxkart Demat Account?
Click on this direct link to Open Stoxkart Demat Account or WhatsApp Us and get our experts to help you in Stoxkart Account Opening.
Is money safe with Stoxkart?
Definitely yes. Stoxkart might be a new discount broker, but it can be considered as a reliable one.
How do I close my Stoxkart demat account?
For the Stoxkart demat account, the account closing form is accessible on their company website. You have to fill the form manually and sign it before sending it to their displayed address. Demat Account closing via manual process is advised to save on paying your account’s AMC.