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.
StoxKart Brokerage Charges
|Equity Intraday Brokerage||Rs 15 per executed order|
|Equity Delivery Brokerage||0|
|Equity Option Brokerage||Rs 15 per executed order|
|Equity Future Brokerage||Rs 15 per executed order|
|Currency Option Brokerage||Rs 15 per executed order|
|Currency Futures Brokerage||Rs 15 executed order|
|Commodity Options Brokerage||Rs 15 per executed order|
|Commodity Futures Brokerage||Rs 15 per executed order|
|DP Transaction Charge||Rs 15.5 per scrip|
|Supported Exchange||BSE, MCX, NSE|
|AMC Charge (Yearly)||Rs 300|
|Tips & Research||Yes|
|Services||Equity, Currency, commodity, mutual funds, ETFs.|
|Offline Order Placing Charge||Rs 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.
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 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 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:
- Using a browser, go to stoxkart account opening page.
- Fill your mobile number and e-mail address details.
- Then fill your name, PAN number, address, bank account details, and more.
- Upload necessary documents.
- Start E-KYC procedure through NSDL
Here is a video demo to Open a Stoxkart Account completely Online.
- Pan card
- Aadhar card
- Bank statement of last 6 months (for F&O activation)
- Scanned signature
- Passport size photograph
StoxKart Advantages and Disadvantages