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Stoxkart, a part of SMC is a one-stop solution to meet all trading & investment desires of people. Its product portfolio is very wide that includes equity trading, commodity derivative, derivative trading, currency trading, IPO, mutual funds, government securities, corporate bonds, and others. It is a revolutionary discount broker through its new-age trading platforms, zero brokerage benefits, flat Rs. 15 discount brokerage model, and many others. All of these said factors attract a lot of traders & investors to come and open an online account with Stoxkart. Trading with Stoxkart requires two key accounts – Stoxkart Demat Account and Stoxkart Trading Account which are interlinked to offer seamless user-experience. It further provides a free mutual fund account and offers a commission or brokerage-free investment in mutual funds. Not just that, its service portfolio is wide as it offers bracket order (BO) and cover order (CO), high intraday margin exposure, and stocks and mutual funds research-based recommendations as well. Here, on this page, get a detailed review of Stoxkart products and services.
The key offerings by Stoxkart are thoroughly reviewed here one by one as follows;
Likewise every other broker such as Zerodha, Upstox, Angel Broking, 5paisa, etc., Stoxkart also offers Demat account opening facility to its clients. Unlike traditional period where people have to deal with the paperwork to have their securities, now, in the digital era, customers can keep their stocks, mutual funds, ETFs, etc. electronically in their Demat account. The said broker is a depository participant with CDSL to provide Stoxkart Demat Account opening service that provides increased safety and security. If you’re looking to open a start trading, then Stoxkart is a great alternative available because it offers Free Demat Account at zero account opening charges but Demat AMC charge, that is a yearly fee of Rs. 300 must be paid by every client.
Many people consider Demat and trading accounts as same however, both the accounts are completely different. In general terms, Stoxkart Trading Account is a platform to facilitate transactions in securities, stocks, mutual funds, ETFs, derivatives, and other segments. One who wants to trade with Stoxkart must open a trading account with Stoxkart to buy or sell various financial instruments as per their choice. Although the discount brokerage firm charges a one-time account opening fee of Rs. 300 on equity trading account however, the trading account is completely AMC free or available at nil yearly charges.
Both the Indians and NRIs can avail of services offered by Stoxkart. Likewise, residents, NRIs can open a 2-in-1 account means Stoxkartdemat and trading account to undertake investment in various investment avenues such as shares, mutual funds, IPO, fixed income instruments i.e. government securities, bonds, corporate FDs, portfolio management scheme, and alternate investment fund but can’t trade in commodity and currency segment. On Stoxkart NRI Account, account opening charges of Rs. 590 and NRI Account AMC worth Rs. 590 are charged.
As the name itself, Commodity Trading Account is a special account that is required to open by commodity traders. Stoxkart has a registered membership of commodity exchanges – MCX and NCDEX with the aim to provide commodity trading facilities to clients. If anyone wants to trade-in commodities with Stoxkart such as gold, silver, Agri commodities, energy, and others, then such an account must be opened. Notably, the discount broking firm levies a commodity trading account opening fee of Rs. 200. Stoxkart charges flat brokerage of Rs. 15 per order on commodities futures & options trading.
One who is looking to invest in mutual funds then Stoxkart may be a good broker to go with. The first key reason behind this is that the broker doesn’t charge any mutual fund account opening fee and AMC charges mean it offers a completely Free Mutual Fund Account. Another reason is that it allows zero-brokerage investment in mutual funds. Further, the online MF investment process is quite easy, super-fast, and safe. Besides this, you can check stocks and mutual funds all together at one single place that is Stoxkart Demat Account. Even if you’re a first-time investor who doesn’t have good knowledge about which funds to be select for investment can get Stoxkart advisory services to find out the best scheme that matches the client’s risk profile and tenure.
Stoxkart has registered trading membership of both the Indian stock exchanges – BSE and NSE, thus, clients can do equity trading with Stoxkart on both of these exchanges. People are allowed to trade-in equity intraday - buy and sell stocks during the same trading session as well as equity delivery – holding stocks for more than a day. The cheapest brokerage is the factor that encourages people to trade-in equities with Stoxkart as it offers 0 brokerage delivery trade while intraday trading is charged at just Rs. 15 per order.
Derivatives trading is also known as F&O trading which stands for futures & options segment that are actually the exchange-traded contracts. With having Stoxkart Trading Account, people can buy and sell derivative contracts from stock exchanges. To trade-in the F&O segment, every client must have required margins upfront.
Currency trading account facilitates trading across currencies of different countries. Stoxkart allows currency trading facility in 4 currency pairs includes USD-INR, GBP-INR, JPY-INR, and EUR-INR. If you’ve opened an Equity Trading Account with the broker, then you will directly have access to currency trading as well henceforth, there’s no need to open a separate account. Currency F&O trading with Stoxkart is charged at a discount brokerage fee of Rs. 15 per order.
Stoxkart allows investment in IPO (Initial Public Offering) through the Stoxkart trading account. One can apply in IPO online through two possible channels – one is ASBA (Applications Supported by Blocked Amount) and another is UPI (Unified Payment Interface) based IPO investment that is a less cumbersome, easy, hassle-free, and quick method.
Customers who have opened an account with Stoxkart can place different types of orders as per their requirements. For instance, the broker allows placing NRML (normal), market order, limit order, stop-loss order, and stop loss-market order. In addition, users can further place many advanced orders such as aftermarket order, bracket order (BO), and cover order (CO). However, Good till triggered which is a perfect alternative to Good till canceled order can’t be placed.
Margin trading is also available with Stoxkart wherein in case of shortage of funds, users can borrow money from the broker in terms of margin funding. The service enables people to trade online without even having adequate margins in their accounts. Recently, the broker has launched a Stoxkart premium plan wherein it offers high intraday margin exposure along with free 1 year AMC. The offer is valid till 31st July 2020 only.
Being a part of a large organization, SMC, Stoxkart offers research facility to its clients wherein the broker provides research-backed stocks and mutual funds recommendations to people to help them make wise investment decisions. Research service is extensively helpful for first-time or beginner-level traders who don’t possess good market knowledge.
Stoxkart offers real-time customer support over voice, email, and chat. Its telephonic services are available to resolve any type of customer queries as well as place trade orders. Thus, if you’re a Stoxkart customer and want to place an order but unable to do it due to any reason then still, no need to worry. It is because its customer support agents are ever ready to place buy and sell trade orders through call & trade services. Under this, any Stoxkart user can call at 1800-11-3331 and the service representative will place the requested online trade orders on your behalf. Although the broker charges Rs. 20 per order for call & trade services but it is still below the country’s largest discount broker, Zerodha’s charges of Rs. 50 per order.
Likewise every broker i.e. Zerodha, Angel Broking, Upstox, etc. Stoxkart also has a referral program, a source of passive income for traders & investors. Under the Stoxkart’s refer & earn program, one can refer Stoxkart demat and trading account to others to win an amazing gift voucher of Rs. 500. Even not just that, as the plan also benefits both the parties – referral and referee through offering them Rs. 200 brokerage cashback.
The discount brokerage house also provides the “Partner us” facility through which, whoever is interested can become a Stoxkart partner. It provides lifetime brokerage benefits and referral incentives whenever the referred clients by you trade with Stoxkart. Partners can further generate additional earnings over the Stoxkart research subscription by clients.
Stoxkart calculators are free online tools that are useful for traders to know things such as brokerage amount or margins. The two online calculators available with Stoxkart are provided below;
Everyone wants to know brokerage that will be charged while trading across segments. The particular calculator helps you to calculate the exact amount of brokerage charges for trading in equity, equity F&O, commodities, and currencies. Users just have to enter fields such as buy, sell and quantity and select the exchange where they are trading and the tool will show you the brokerage, STT, transaction charges, GST, SEBI charges, breakeven, and total profit as well.
This is another calculator by Stoxkart that finds out combined margin requirements including initial margin, exposure margin, and total margin as well. Stoxkart provides a margin calculator for every segment such as equity, F&O, commodity, currency, and bracket order and cover order (BO & CO).
This online tool helps to figure out how much a person can earn by referring Stoxkart account to others. You can enter active clients that you will refer every month and can see the monthly and yearly upfront commission.
Stoxkart Portfolio Tracker is a special feature provided by the discount broker to facilitate clients to perform the following functions;
Stoxkart offers refer & earn services to clients wherein any Stoxkart client can invite their friends and family members to open an account with Stoxkart and both referral & referee will get brokerage cashback of Rs. 100. Further, referral person will also get an Amazon gift voucher of Rs. 500.
Steps to refer Stoxkart account;
Stoxkart provides an opportunity for people to become a Stoxkart partner.
Partnering with Stoxkart comes with several advantages that are listed below:
yes, the discount broking firm - Stoxkart enables clients to place advanced orders like bracket orders and cover orders and provides greater margins on BO and CO. Stoxkart customer can place BO and CO on intraday trading, index futures & options trading, stock futures & options trading, MCX futures, and NSE currency segment.
