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Stoxkart is a discount broker who is rapidly growing popularity with the clients owing to comfortable trading and cheap brokerage charges with ‘pay as per trade’ plan. It is a part of the SMC Global Stock Broker, which was established in 1994.
Stoxkart provides multiple products & services in trading & investment. It charges a very low brokerage compared to any other broker.
Along with a free Mutual Fund investment platform, Stoxkart came up with a new concept of brokerage charge, which is “you pay when you earn a profit.”
This is the first time in India that a broker is giving such a brokerage plan.
Stoxkart Trading and Demat Account Review
Stoxkart is a revolutionary discount stock broker as it provides new-age technology, Zero brokerage advantages, a user-friendly trading platform, and empowers traders and investors by providing its market expertise.
Stoxkart Review – Account Opening Process
Stoxkart Account Opening can be done both online and offline.
The process to Open Stoxkart Demat Account online is fast and easy. If your Aadhaar card is linked with your mobile number, then the Stoxkart Account opening process gets smooth.
Once you complete uploading documents and e-sign process online, your Stoxkart Demat account will open within a day. You can apply stoxkart coupon codes to get a free account.
If your aadhar card is not linked with your mobile number, you can open a stoxkart account by downloading offline forms, attach required documents, and courier the forms to stoxkart head-office address.
Documents Required to Open Stoxkart Demat Account
To open Stoxkart Demat Account, the documents required are
What do we like about the Stoxkart Account Opening process?
Stoxkart Review – Account Opening Charges
The annual maintenance charge is charged by the stockbroker yearly to maintain and keep the account active during the year.
The account opening charges to Open Stoxkart Account are shown in the table below.
|Demat Services||Stoxkart Charges|
|Account Opening Charges||Rs. 500|
|Demat and Trading AMC Charges||Rs. 300 per year|
|Call and trade charges||Rs 20 per order placed|
Stoxkart Review – Brokerage Charges
Stoxkart charges a flat rate brokerage. The brokerage charge will be a fixed amount irrespective of the trading turnover.
No brokerage will be charged for delivery based trades. For all the trades, the brokerage will be charged only if one earns 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|
Other charges in Stoxkart like STT etc are as per below –
|STT||0.025% on sell-side|
|SEBI Turnover Charges||Rs. 15 per crore|
|Stamp Duty||Depends on State (very minimal)|
|GST||18% of Brokerage + Transaction Charges|
Stoxkart Review – Trading Platform
Stoxkart provides the best service for trading and investing through Desktop web, stoxkart pro mobile application, and desktop trading platform.
Here is the detailed information on the trading platforms which are used by clients after opening a stoxkart Demat account.
|Stoxkart mobile application||1. The price chart plotted with the event plotted is good and clear.
2. An embedded tabular balance sheet & other financial data for each stock makes it easier for users to view.
3. It also allows us to track our mutual fund holdings.
|Stoxkart Pro Web||1. Stoxkart Pro Web provides all the necessary market-related information on real time basis
2. You can overview the market & your trades.
3. You can get detailed Micro/Macro Scrip data for analysis.
4. You can access Research calls & trading ideas and also set alerts or notifications.
5. You can access your detailed portfolio and fee reports.
|Stoxkart desktop application||1. It is user-friendly & customizable in function and very similar to the NEST trading platform in design.
2. You can place several varieties of order types.
3. There is no two-step login feature.
4. You can easily add, remove or change the size or position of the tabs.
Stoxkart Review – Other Products
Stoxkart provides free service for clients to invest in mutual fund schemes through SIP or LUMPSUM.
Here is the detailed review information on the stoxkart mutual fund.
|STOXMF||1. Stoxkart also provides an online facility for investing in mutual funds.
2. Paperless transactions for investment in mutual funds can be done from the same trading platform.
3. You can get recommendations from the expert investors on the basis of your financial goals.
4. Stoxkart is offering an interesting one and you are advised to check it out if it goes with your investment needs.
Stoxkart Customer Service
Stoxkart customer care Email ID: email@example.com
Stoxkart support number: 1800113331
Stoxkart Review – Advantages and Areas of Improvement
Here are the advantages of using a stoxkart account. There are a few areas of improvement that we have listed
|Advantages||Areas of Improvement|
|Online mutual funds||The UI Application can be improved|
|Research-based information||Stoxkart can work on reducing the demat account Opening fees|
|Advanced charting and alert features|
|User-friendly application and goal-based investment decision|
Our Stoxkart Experience Review
Stoxkart Review FAQs
Is the Stoxkart Account Opening free?
Stoxkart charges for account opening but you can apply for a Stoxkart coupon code to open a free Stoxkart Demat Account.
What are Brokerage Charges in Stoxkart?
The brokerages charged in stoxkart are free for Delivery trading and flat Rs. 15 per executed trade only if you get profits.
How to Open a Stoxkart Demat Account?
You can open a Stoxkart Demat Account online by using the link provided here.