FREE Account Opening + Zero AMC Fees* + MutualFund SIP1

Stoxkart Stock Broker Review 2023

Rated 4/5 by InvestorGain Team
Last updated on: 14-Sep-2023
Stoxkart Review
  1. Ranked #1 Broker in India
  2. Get 100% Free Delivery Trading
  3. Free Direct Mutual Funds & SIP

Stoxkart Review 2023 - Quick Summary

Stoxkart is one of the fastest-growing online stockbrokers with the lowest brokerage trading at Rs. 15 per order, lifetime free delivery trading, zero brokerage on losses advantage, and new-age technologically advanced online trading platforms.

Stoxkart Top Highlight for 2023

  • Part of SMC Global, a renowned financial service provider company.
  • Get lifetime zero brokerage delivery trading.
  • Pay Rs. 15 flat brokerage fees on intraday and derivative trades.
  • Pay brokerage only when you earn model.
  • Free trading platforms; mobile app, website, and desktop trading software.
  • It facilitates online trading to residents and NRI clients.
  • Invest in international companies listed on the US stock market.

About Stoxkart

Stoxkart is a Delhi-based discount brokerage arm of a reputed full-service stock broker, SMC Global Limited. Launched in 2019, Stoxkart is a registered member of BSE, NSE, and MCX to offer online trading and investment in equity, equity derivatives, commodities, currencies, IPO, and mutual funds.

It’s unique pay brokerage when you earn pricing model attracts a lot of traders and investors to save brokerage charges. The model charges you the brokerage only if you make some profit, or else there will be zero brokerage on loss-making trades.

It has the cheapest Rs. 15 flat brokerage plan that charges no brokerage on delivery trades and flat Rs. 15 per order on intraday and derivatives trading regardless of the trade value. The brokerage charges are comparatively cheaper than Zerodha, Upstox, and Angel One’s Rs. 20 brokerage. The broker facilitates instant account opening services to open a Stoxkart trading and demat account online to make the account opening process easier and faster.

Stoxkart has a fantastic range of cutting-edge trading platforms such as Stoxkart Classic mobile trading app, Pro Web platform, and desktop trading software. StoxMF is a dedicated platform for mutual fund investment.

Compared to Zerodha, Upstox – StoxKart is a new initiative from SMC Global. StoxKart is giving almost similar services as a discount broker, free delivery trading, and Rs 15 per order brokerage. The broker offers Mutual Fund investment but not direct mutual funds like Zerodha, Upstox. Other investment options like Fixed Deposit, Capital Gain Bonds, NCD issues, and GOI Taxable Bonds are available with StoxKart, whereas Zerodha, Upstox are not providing a complete wealth creation product range.

Being a part of SMC Global, Stoxkart provides trading calls & research recommendations to customers on the research section across all the platforms. Read a completely genuine and unbiased Stoxkart Review 2023 including brokerage charges, account opening process, types of accounts, mobile app & other trading platform features, customer care details, and pros & cons.

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Current promotion offer from Zerodha for InvestorGain Visitors:

  • Free Delivery Trading
  • Max Rs. 20 per order brokerage on intraday,F&O,Commodities and Currency
  • Free Direct Mutual Funds and IPO Investment
  • Kite & Coin - Number one Trading platform and Mobile App

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Stoxkart Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 4/5

Stoxkart is a value-driven low-cost discount stockbroker with a clear and transparent flat brokerage plan. It charges no brokerage on the delivery segment, and Rs. 15 flat brokerages on equity intraday, equity derivatives, commodities, and currencies segments.

What makes Stoxkart different from others,is it not just has the cheapest Rs. 15 flat pricing model but also brokerage is only charged if you earn profit. There is no brokerage on loss-making intraday trades.

Stoxkart Account Opening Charges

Trading Account Opening Charges: Equity+Commodity+Currency-500, Equity + Currency - Rs. 300, Commodity - Rs. 200
Trading Account AMC: Free
Demat Account Opening Charges: Free
Demat Account AMC: Rs. 300

Stoxkart Brokerage Plan with closest competitors

Here we are comparing Stoxkart with its 5 close competitors, who are currently market leader in brokerage industry.

Broker Stoxkart 5paisa Zerodha Upstox Paytm Money
Service Type Discount Broker Discount Broker Discount Broker Discount Broker Discount Broker
Brokerage Range Rs. 15 per order Rs 20 Rs 20 Rs 20 Rs 20
Account Type 2 in 1 2 in 1 3 in 1 3 in 1 2 in 1
Equity Delivery Free Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower 2.5% or Rs 20 whichever is lower
Equity Intraday Flat Fee Rs 15 per order Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Futures Flat Fee Rs 15 per order Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 15 per order Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Commodity Flat Fee Rs 15 per order Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Currency Futures Flat Fee Rs 15 per order Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower NA
Currency Options Flat Fee Rs 15 per order Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA

Other Charges

  • Call & Trade Charges: Rs 20 Per Executable Order
  • RMS Auto Square Off Charges: Rs 20 Per Executable Order
  • Hidden Charges: No

For complete brokerage charges and trading plans detail please visit Stoxkart Brokerage Charges.

Please refer unique and accurate Stoxkart Brokerage Calculator

Type of Account offered by Stoxkart

To start trading and investing in different asset classes, you have to open a trading and a demat account with Stoxkart and link it with your personal bank account. You can open an account online or offline by sending manual-filled forms to the broker. Check out the type of accounts provided by Stoxkart to its customers.

Stoxkart Demat & Trading Account

  • Stoxkart is a DP with CDSL to allow residents to open a 2-in-1 account including Stoxkart Demat Account and Stoxkart Trading Account together. Once the Stoxkart account is opened, you can trade on the BSE, NSE, and MCX.
  • It maintains a single integrated account for equity, commodity, and currency trading segment. At the time of account opening, customers can choose the trading segment as per their choices. If you only have an equity account and want to start commodity trading, you can activate it later.

Stoxkart NRI Trading Account

  • Stoxkart facilitates foreign nationals to open an NRI trading cum demat account. They can open an NRE or NRO bank account with any bank in India and link it to their trading account. Stoxkart NRI trading account allows NRI clients to trade in shares, and mutual funds, and apply for IPOs.

Stoxkart Mutual Fund Account

  • Open a free mutual fund account with Stoxkart to invest in mutual funds for free. Clients can start SIP or invest lumpsum in over 1000 regular mutual fund schemes on the StoxMF platform. The mutual fund units purchased will be credited into the Stoxkart Demat account.

How to open Stoxkart Account online?

Open an instant paperless trading and demat account with Stoxkart online. The broker allows a 100% digital eKYC-based account opening process to complete your account opening journey in just 15 minutes.

Steps to open Stoxkart Demat & Trading Account online;

  1. Visit the Stoxkart official.
  2. Click on the “Open an Account” tab.
  3. Enter your mobile number, and email, and verify them with OTP.
  4. Head to the eKYC page, and verify your identity.
  5. Enter all personal details online at zero paperwork.
  6. Upload a scanned copy of the required documents.
  7. Post verification, the account will be activated within 24 working hours.
  1. Free Demat Account
  2. 100% Free Delivery Trade
  3. Online Account Opening

Alternatives to Stoxkart

 Demat Account
 Demat Account
 Demat Account
 Demat Account

Stoxkart Mobile App and Trading Platforms

Trading Platforms Rated 3/5

Stoxkart has many unique and user-friendly in-house designed online trading platforms to suit everyone’s needs. It provides a compact classic mobile trading app, a browser-based web trading platform, and new-age desktop trading software. Know some basic details about the features of each of the Stoxkart trading platforms.

Stoxkart Classic Mobile App

  • Stoxkart has a lightweight, simple, and secure mobile trading app to trade in equities, derivatives, commodities, and currencies at your fingertips. The Android and iOS-enabled Classic mobile app offers many features like real-time streaming quotes, multiple market watchlists, advanced charting, multiple technical indicators, ChartIQ charting library, portfolio tracking, trading calls & recommendations, real-time fund transfer, and more.

Stoxkart Pro Web

  • Pro web is a new-age browser-based web trading platform that can be accessed over a laptop, mobile, or desktop. The user-friendly web platform provides you the complete market-related information, detailed scrip overview, live streaming quotes, analytics, research calls, and alerts & notifications.

Stoxkart Desktop Trading Terminal

  • Stoxkart has an ultra-fast and user-friendly desktop trading platform accessible on desktops and laptops. The trading terminal has all the required features from advanced charting to real-time streaming quotes, market screener & analytics, comprehensive order entry, mutual funds, and an online portfolio tracker. Customers can even use hotkey functions for a faster trading experience.


  • StoxMF is a web-based online mutual fund investment platform to invest in the best mutual funds online. The platform allows paperless & hassle-free mutual fund transaction, provides mutual fund recommendations, and a portfolio health check-up facility. The platform only has regular mutual fund schemes across equity, debt, and hybrid categories.
  • You can start SIP on the StoxMF platform with as low as Rs. 500 every month in over 1000 mutual fund schemes. Investment in mutual funds with Stoxkart is free at zero brokerage fees. The platform offers  bank-grade security to customers.

For detail review of mobile app and download please visit Stoxkart Trading Platform Review.

Stoxkart Trading Pros

  • Zero balance trading account.
  • No profit no brokerage.
  • Zero brokerage on delivery.
  • The cheapest brokerage of Rs. 15 per order.
  • Brokerage-free mutual fund investment.
  • User-friendly trading platforms across web, app, and desktop versions.
  • Apply for IPOs via UPI.
  • Earn a fixed payout of Rs. 400 for every referred friend.
  • Advance orders like bracket order, cover order, and aftermarket order.
  • NRI trading is available.
  • Become a partner with Stoxkart to earn lifetime income.
  • Stoxkart learning center for beginners to improve trading knowledge.

Stoxkart Trading Cons

  • It does not provide direct mutual funds.
  • You cannot place Good Till Triggered (GTT) order on Stoxkart.
  • It does not offer a 3-in-1 account opening facility.

Stoxkart Customer Care info

Stoxkart is an online discount stock broker that provides online customer services through limited communication channels such as email, customer care number, and web form via ticket. However, branch support is not available.

Final thought about Stoxkart

Rated 4/5 by 20 users

Despite being relatively a new-age discount brokerage house, Stoxkart’s Rs. 15 cheapest brokerage model only on profitable trades is a unique offering from other competitors. Not just the lowest flat brokerage but also a fantastic range of online platforms, free mutual fund investment, award-winning SMC's research services, and an abundance of educational material on the learning center, and blog make Stoxkart a feasible broker for newbies or beginners.

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Last updated on: 2023-09-14


Stoxkart, the discount broker focuses on providing the best mobile trading experience. The broker offers different mobile apps to deliver them mobile-friendly trading experience. Stoxkart mobile apps include Stoxkart Invest, Stoxkart Pro app, and Stoxkart classic mobile app. All of these mobile trading platforms are completely free to use at zero charges.

Mobile apps for Stoxkart

  • Stoxkart Pro App: Stoxkart Pro is an advanced mobile trading application that offers online trading across multiple exchanges such as BSE, NSE, MCX. There are many unique features available on the Stoxkart pro mobile app i.e. Robo advisory, advanced charting, technical indicators, historical market data, research calls notification, multiple time-interval charts, price alerts, guest user login, and others.
  • Stoxkart classic mobile App: Stoxkart classic app is an in-built basic mobile app by Stoxkart. Although the mobile app allows trading across multiple segments, detailed scrip analysis, historical market data, thematic investment, real-time trading calls, however, it has several missing features i.e. Robo advisory, market screener, trade from the charts, advance chartings, and others.
  • Stoxkart Invest: This is Stoxkart mutual funds app that allows investment in various mutual fund schemes from different categories. The Stoxkart Invest app facilitates zero cost mutual funds invest at nil brokerage or zero account opening fee.


Yes, Stoxkart allows UPI fund transfer facility to its customers. Here are the steps to transfer funds through Stoxkart;

  • Head to the Stoxkart website.
  • In the end, click on the “UPI Fund Transfer”.
  • Now, enter client code and PAN number and press the “submit” button.


Stoxkart being a part of a large group – SMC, a reputed diversified financial organization can be considered a safe broker. Further, its cheapest brokerage model of flat fee @ Rs. 15/order, trading across multiple segments, strong compliant management ratio, zero cost mutual funds investment, NRI provisioning, modern age trading platforms like Stoxkart Pro app, Stoxkart classic mobile app, Stoxkart desktop trading software, etc. are reasons why Stoxkart can be considered a safe brokerage house.


Despite being a relatively new broker in the stockbroking industry, Stoxkart is a good broker due to the following reasons;

  • Trading across equity, derivatives, commodities, currency, IPO, mutual funds, government securities, bonds, etc.
  • Flat brokerage charges of Rs. 15 per order.
  • No profit, no brokerage means pay brokerage only when you earn profit.
  • Zero brokerage equity delivery trading.
  • Free mutual fund investment.
  • Robo advisory on Stoxkart Pro advanced mobile trading application.
  • Research-based stocks and mutual funds recommendations


The Delhi-based discount brokerage firm doesn’t charge brokerage on delivery trading however, its delivery margin is 1X means no margins available on delivery trading. Hence, clients have to pay margins upfront to trade in the delivery segment. Customers can also convert intraday trade into delivery trade if the client has enough margins equivalent to the cost of a trade.


Stoxkart has two plans; flat or discount brokerage plan and premium plan with higher exposure or margins. Stoxkart provides up to 3X option margin for index whereas, under the premium plan, 4X margins is available. However, for trading in the stock options segment, the normal plan provides a 2X margin which is 3X under the premium plan.


Anyone who has a Stoxkart demat and trading can trade with Stoxkart online through Stoxkart Pro Web that is the web-based trading platform offered by the broker. People are also allowed to trade through its desktop trading software and mobile trading platforms - Stoxkart Pro app, Stoxkart Classic app, and Stoxkart Invest App.


Stoxkart, a new age tech-savvy broker is owned by SMC Global Securities Limited, that is a Delhi-based financial service company engaged in investment banking, retail banking, financial analytics, and other areas. The online discount broker-Stoxkart provides trading across multiple segments i.e. equities, futures & options, commodities, currencies, IPO, mutual funds, bonds, corporate FDs, and others at competitive brokerage charges.


Online trading with Stoxkart comes with an abundance set of advantages that are provided below;

  • Trade-in multiple segments i.e. equity, F&O, commodity, currency, IPO, MF corporate FD, government bonds, etc.
  • Flat brokerage charges at Rs. 15/per order.
  • Zero brokerage delivery trading
  • Zero mutual fund account opening fee
  • Zero brokerage on mutual funds investment.
  • Online account opening by residents and NRIs.
  • Robo advisory services on Stoxkart Pro mobile app.
  • Cutting edge mobile trading platforms like Stoxkart Pro, Stoxkart classic, Stoxkart Invest.


Yes, to help clients at every point of time, the discount broker provides Stoxkart Support services wherein clients can drop their queries anytime and the customer service team will respond to you as soon as possible.

Steps to access Stoxkart Support services:

  • Go to the broker’s website.
  • On the top, a “Support” tab is visible, under which, click on the “Help Centre”.
  • A new page will be displayed, now enter your details; client ID, email address, mobile number, query, and press the “Submit” button.

Stoxkart Support


The Stoxkart Premium Plan is a recently launched plan wherein the broker provides high exposure or margin to traders. Key features associated with Stoxkart Premium Plan are as follows;

  • High margin trading funding across segments
  • Extra margins on bracket order and cover order.
  • Zero brokerage delivery trade.
  • Intraday trading brokerage at Rs. 30/per order.
  • Free AMC for 1st year


There are some considerable features that made Stoxkart trading a good option for beginner level traders that are as follows;

  • Discount brokerage plan – Trade at Rs. 15 per order.
  • Free delivery trading.
  • Free mutual funds investment at zero brokerage.
  • Research-backed advisory services will assist beginners to make smart investment decisions.
  • No brokerage, when there is no profit is the ultimate advantage for beginners.
  • Flexibility to choose Stoxkart normal plan and Stoxkart premium plan as per your choice.
  • Focus on mobile trading over Stoxkart Pro and Classic app.
  • The help center provides customer support services.
  • Online brokerage calculator to understand brokerage charges levied.
  • Real-time dependable customer support over voice, email, and chat platform.
  • No hidden cost.


Stoxkart User Reviews

2. Bullrider Sep 17 2021 02:11:53 PM Reply
Great services and amazing brokerage plans


Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
1. RAVINDER LALL Feb 02 2021 02:53:12 AM Reply


Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor