StoxKart Review 2020: Trading and Demat Account, Fees, Brokerage

StoxKart Review 2020: Brokerage Charges, Trading Platforms, Account Opening, Brokerage Calculator

Stoxkart is a discount broker, that is backed the SMC global a leading full-service broker across India. The broker is growing rapidly and it is one of the fastest-growing stockbrokers across the country.

The broker is known for its unique pricing strategy, where you have to pay only Rs 15 on every profitable trade and no delivery trade brokerage charges. This means you pay the brokerage, only if you get the profit. That’s nice right!

Other features of this broker include 0 brokerages on holding. The broker also provides trading platforms for mobile and PC, advanced charting features, call and trade facility, brokerage calculator, online account opening facility, and more.

Using StoxKart, you can invest in equity cash, f&o, Currency trading, commodity trading, and various mutual funds. The supported exchanges are NSE, BSE, and MCX.

StoxKart Brokerage Charges

Equity Intraday BrokerageRs 15 per executed order
Equity Delivery Brokerage0
Equity Option BrokerageRs 15 per executed order
Equity Future BrokerageRs 15 per executed order
Currency Option BrokerageRs 15 per executed order
Currency Futures BrokerageRs 15 executed order
Commodity Options BrokerageRs 15 per executed order
Commodity Futures BrokerageRs 15 per executed order
DP Transaction ChargeRs 15.5 per scrip
Supported ExchangeBSE, MCX, NSE
AMC Charge (Yearly)Rs 300
Tips & ResearchYes
ServicesEquity, Currency, commodity, mutual funds, ETFs.
Offline Order Placing ChargeRs 20 per trade

StoxKart Account Charges And AMC

  • Account opening charges: Free
  • Annual maintenance charges (AMC) – Rs. 300

StoxKart Margin Calculator

  • Delivery margin = 2 Times
  • Intraday margin = 25 Times (CO/BO)
  • Future margin = 2.5 Times
  • Option  buy margin = 1 time
  • Option  sell margin  = 2 times

StoxKart Trading Platforms

Stoxkart provides four trading platforms, two for mobile devices named stoxkart classic and stoxkart pro, one web-based platform, and a desktop trading platform.

StoxKart Classic

StoxKart Classic Mobile application

It is a mobile trading platform by Stoxkart for beginners with a simple user interface and quite works at its purpose. You can place every type of order and trade provided by Stoxkart. The application is quite good but lacks advanced features like featured chart facility and more.

You can download the application from google play store and apple application store for iOS devices.

StoxKart Pro Mobile Application

stoxkart pro mobile application

StoxKart Pro mobile application is another application for expert traders with fast order execution, real-time advance chart, real-time market update, and many other facilities. the application is quite fast and it is easier to trade using this application.

StoxKart Web-based Trading Platform

StoxKart Web-based Trading Platform

Stoxkart web-based trading platform is another advanced trading platform, that can be accessed through browsers like Google Chrome, Firefox, and edge. The platform is quite fast once you load it and it is very easy to add scripts and trading.

StoxKart Desktop Trading Platform

It is another trading platform that can be installed in Microsoft windows and it is almost like all other desktop trading applications, nothing special.

StoxKart Account Opening

StoxKart account opening is quite easy and you can open it online using an E-KYC facility using Aadhar.

Steps To Open StoxKart Account

You have to follow these steps to open a Stoxkart Account Online:

  1. Using a browser, go to stoxkart account opening page.
  2. Fill your mobile number and e-mail address details.
  3. Then fill your name, PAN number, address, bank account details, and more.
  4. Upload necessary documents.
  5. Start E-KYC procedure through NSDL
  6. Done

Here is a video demo to Open a Stoxkart Account completely Online.

Required Documents

  • Pan card
  • Aadhar card
  • Bank statement of last 6 months (for F&O activation)
  • Scanned signature
  • Passport size photograph

StoxKart Advantages and Disadvantages

Pros.Cons.
  • Unique Brokerage, you only pay when you make profit
  • Easy mobile trading platform for beginners
  • Advance charting facility
  • Value-added service with lower brokerage
  • Fast and online account opening process
  • Higher margins for day trading
  • No 3 in 1 account
  • Higher call and trade charge of Rs 20 per trade
  • Lacks Advance features on trading platforms

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