Stoxkart Account Opening

The Delhi-based discount broking firm – Stoxkart serves to trade across equities, derivatives, commodities, currencies, IPO, and mutual funds. It is a registered CDSL depository participant to provide a depository facility to customers through Stoxkart Demat Account. Customers including residents as well as NRIs can open a 2-in-1 account - Stoxkart Demat Account and Stoxkart Trading Account. On the one hand, where it offers a Free demat account, on the other side, it offers a Zero-AMC trading account. The trading account with Stoxkart enables users to place buy and sell orders across different investment avenues offered whereas Demat account is a single platform to keep shares, derivative contracts, commodities, currencies, and mutual funds electronically or in dematerialized format with greater safety and security. Although the broker is a new entrant in the online brokerage industry with operations commenced in 2019, still, Stoxkart is one of the topmost choices of Indian traders because of Free Demat Account at zero account opening charges, competitive brokerage charges- Rs. 15 per order, high intraday margin exposure, free delivery trading, and many more. Walkthrough with the complete review of Stoxkart account opening including charges, the process to open an account online and offline, account closure process, and others.

Stoxkart Account Opening Benefits

Opening a Stoxkart demat and trading account comes with numerous advantages, several important of them are listed below;

• Stoxkart demat account is one single account to keep shares, mutual funds, ETF, and other securities.
• Zero brokerage on equity delivery trading
• Flat fee of Rs. 15 in other segments i.e. intraday trading, commodities, currencies, and futures & options.
• Zero brokerage if you don’t gain means one needs to pay brokerage only if a trader earns profit otherwise there is no brokerage needs to be paid.
• Hassle-free online account opening process that is completely paperless.
• Best intraday exposure up to 25 times across equity, commodity, and currency.
• Modern and super-fast trading platforms across desktop, mobile app – Stoxkart Classic, and online platform – Stoxkart Pro Web.
• Online investment in mutual funds.
• Real-time market updates and research-based recommendations.
• Robo advisory services on Stoxkart Pro app.

Stoxkart Account Opening Procedure

If you are looking to open a trading and demat account, then Stoxkart is definitely an option available to you not just because of free demat account but also due to low pricing, zero brokerage on equity delivery trading, online mutual funds investment, and others. The brokerage firm offers both the online as well as offline procedures to open an account with Stoxkart. The online process is quite easy, quick, and hassle-free that doesn’t require any physical documentation whereas the offline process is a bit cumbersome because you require to print out the form, fill it, and courier it to the broker’s office.

• Open online demat and trading account with Stoxkart

  Generally, most of the users prefer to open accounts online because it’s much easier and quicker. Here’s the process to open an account online;

  • Go to the official website of Stoxkart.
  • On the top menu bar, click on the “Open an Account” option.
  • Head to Demat account opening page and then sign up or register yourself through entering your mail ID and mobile number and then press the “Open Account” button.
  • Afterward, you will get an OTP on your mobile number on the mobile number you have entered. Enter the OTP and submit it.
  • PAN Verification; Enter PAN number and Date of Birth and press continue. Here, there is also an option to enter referral code (if any) to avail the discount.
  • Stoxkart offers a number of schemes such as only Equity Segment only, all segments, Free Account with Margin, and many more. Select the preferred scheme as per your choice and accordingly, Stoxkart charges will be shown. You also have to select the mode of payment whether net banking, UPI, debit/credit card, or any other and press “Next” button.
  • Enter bank account details including account number, IFSC code, MICR, bank and branch name as well and submit it.
  • Provide your basic details such as occupation, education, annual income, residential status, etc. and click on the “Next”.
  • Keep scanned copies of all the documents such as PAN card, canceled cheque, Aadhaar card, latest bank statement, and address proof handy and upload it.
  • Go through Stoxkat IPV (In-person verification) process to verify your identity.
  • E-sign your application by either “E-sign with Aadhaar” option or “download the PDF form and courier it to the broker”.
  • Once e-sign is done, your Demat & trading account will be opened.

  Note: Customers have to send Stoxkart POA (Power of Attorney) in hard copy form only to authorize the broker to debit the securities from demat account.

  Offline Account Opening procedure

  In case, if someone is either less familiar with the online world and new-age technology or has not yet linked his Aadhaar card with his mobile number then they can open an offline account. Under the process, you can download the Account Opening Form from the Stoxkart website (www.stoxkart.com), take a printout, physically sign it, and courier it to the below provided Delhi office address by attaching necessary documents such as ID proof, address proof, income proof, etc (see below).

  SMC Global Securities Ltd

  11/6B Shanti Chamber,

  Pusa Road

  Rajendra Place Delhi 110005

  India

Stoxkart Account Opening Status

• If you’ve decided to open an account online, then it will hardly take few minutes to complete the online formalities such as filling basic information, documents upload, and others. However, if you prefer to open the account offline then the process will take time as it may need 7 days to verify and process all the forms and complete Stoxkart account opening procedure. To know the account status, you can tell your query to the customer service executive by calling toll-free number 1800-11-3331 or drop a mail at [email protected].

  Once Stoxkart team has verified and processed your account opening request then thereafter it will send you an email containing your unique client code (UCC). The client login ID is important to log in online platforms such as Stoxkart Pro app login, Stoxkart Classic login, and Stoxkart Pro Web login.

Stoxkart Account Opening Form

Stoxkart discount broker provides demat & trading account opening form (AOF) on its official website in the pdf form. Follow these steps to get the Stoxkart AOF;

• Visit the broker’s official website - stoxkart.com.
• On the top menu bar, under the “support” tab, click on the “Download” option.
• Here, now, you can check the “Demat & Trading Account Opening Form” will be available. If you’re still unable to get the form online then click on the below link to download the AOF.

Download Stoxkart Account Opening Form

Stoxkart Account Opening Charges

Stoxkart Account Opening Documents

To open Stoxkart account, the broker demands several set of documents for the individual’s detailed verification. The document checklist for trading with Stoxkart needs following documents to be submitted;

• Applicant’s photograph.
• PAN card.
• Address Proof.
• Canceled cheque.
• Applicant’s signature on a blank paper.
• Income proof such as the latest 3 months bank statement or others.

Stoxkart Account Modification Process

It is obvious that many-times, account holders may have to change their account details such as bank account details, address details, e-mail, and contact number. To do this, the broker provides an Account Modification Form online on the website. To change any details in either of your Demat account or trading account or both of these, you need to download the modification request form, take a printout, enter details that you want to add or modify, attach supporting document for a valid proof and courier it to the Stoxkart address.

• In case of bank details change or update, valid bank proof such as the latest bank passbook, latest bank statement, and cancelled cheque can be provided.
• If you want to change the address then passport, voter ID, telephone bill, ration card, electricity bill, etc. can be attached as an address proof.
• In the case of Email and contact number change, any duplicate details will not be accepted.

Note: If you have a joint account, then the account modification form must contain details about all the account holders and signature.

Stoxkart Account Modification Form

To download the Account Modification Form, follow these steps;

• Head to the www.stoxkart.com website.
• Under the “Support” tab, click on the “Download” button.
• Under the download section, click on the “Application for Modification in Demat Account Details”.
• The form is available in pdf form and applicable for bank details change, address change, and others. Click on the “download” icon to get the form.

Stoxkart Account Modification Form

Stoxkart Account Closure Process

One might be interested to close Stoxkart demat and trading in the following circumstances;

• Not satisfied with the Stoxkart’s services.
• Opened an account with another broker.
• Not more engaged in trading & investment.

In any of the above situations, you can close your Stoxkart demat account. Before initiating the closure process, assure to clear all dues and transfer or sell all your securities from your demat account.

Coming to the closure process, remember that you can’t close Stoxkart account online as it allows offline procedures only. Under this, the account holder has to submit a physical means hard copy of the account closure form to the broker’s head office address. You’ll have an option to close either Stoxkart Demat Account or Stoxkart Trading Account or both of these.

Step-by-step process to close Stoxkart Demat Account

• Visit the official website of the broker.
• Go to “Downloads” under the “Support” menu.
• Here, Click on the “Demat Account Closure”
• Download the form and take the printout
• Fill details such as demat account closure or trading account closure or both, client ID, the reason for closure, name of the account holder/s, and signature. In the case of a joint account, the form must be signed by all.
• Send the duly filled and signed form to the Stoxkart’s Delhi address.

Note: Account deactivation is different from closure because the former is a process to temporarily shut your trading activities while the latter is a permanent closure or deletion of all your information forever.

Stoxkart Account Closure Form

• You can get the closure form from the Stoxkart website, under the “download” option where it provides all the forms in pdf format.

  Download Stoxkart Account Closure Form

Stoxkart Account Closure Charges

• There are no account closure charges that means one can close his/her demat and trading account with Stoxkart completely free of cost.

Stoxkart Account Closure Period

• Stoxkart account closure procedure may take nearly 3-4 working days, still, if you didn’t receive any closure confirmation then you must contact the customer service team over phone or email or chat and let them know the trouble you are facing with. The support agent will assist you to close your account.