Stoxkart Review & its Brokerages charges , Pros , Cons, Trading App
Stoxkart, the discount brokerage subsidiary of SMC Group, which has been imparting stock market solutions since 1994, has witnessed exponential growth in its customer base.
This can be accredited to their sole motto of making trading accessible and affordable in the hands of common man and investors with low capital.
Stoxkart Review and its best part
Stoxkart core team has the best of both worlds which has turned tables for them.
Boasting of a team of highly skilled professionals, having strong financial knowledge, coupled with a dedicated support team, helps Stoxkart makes the platform engulfed with features second to none.
Stoxkart is the sole package for consumers which offers an exceptional trading platform, zero brokerage charges, and technical assistance, taking wholesome care of investors.
Stoxkart recently came up with a revolutionary concept for customers which is based on “pay when you earn profit” which means that you pay brokerage only when you make a profit on orders.
Stoxkart Advantages & Disadvantages
• Highly advanced charting and notification alert features
• User-friendly application
• Goal-based investment decision-making facility
• Zero brokerage and free delivery on all orders
• Excellent research services by SMC
• You only pay brokerage when you earn profit
Cons of Stoxkart:
• High Demat Account Opening Fees
• User interface of the app has a scope of improvement
OPEN A FREE DEMAT ACCOUNT
Stoxkart Account Opening and Trading Procedure
Stoxkart account opening process is easy and hassle-free. You just need an Aadhar-linked mobile number for registration and account process. Just enter the credentials, upload the necessary documents and you can begin with full-flinched trading within a day.
Gone are the days when you required huge capital for entering into the stock investment market.
With the advances in technology and change in investment modus-operandi, it is now possible to find stock market solutions online that are best suited for your needs.
After registering with Stoxkart go through the following steps to facilitate easy trading-
Step 1• Invest in a scheme that suits you best-At Stoxkart you can find a list of recommended schemes which are the best in category
Step 2• Verify yourselves with Stoxkart– Complete your KYC to avail hassle-free transactions with zero paperwork.
Step 3• Link your bank account – You can link your bank account with the trading platform for easy debit and credit transactions.
Step 4• Track your progress – Now you also get to control all your investments and track its progress
One of the best things about the Stoxkart account opening process is that it provides you the choice to upload the desired set of documents for registration than asking particular documents. Also, if you are lucky enough then you can get coupons that waive off your account opening fees.
Documents required for Account Opening with Stoxkart
• Pan card
• 3 months bank statement
• Aadhar card
• Passport size photo
• Signature Upload
Stoxkart Trading platforms & Mobile App
Offering trade facilities across all devices, Stoxkart has gained a stronghold in its niche industry.
Brilliantly using technology and inculcating user-friendly widgets that make trading easy for rookies,
Stoxkart is since long providing unprejudiced services across all prominent platforms.
The best part is that Stoxkart doesn’t differentiate amongst it consumers depending on the platforms they are using, providing more or less the same and technically accurate services across all platforms.
Stoxkart’s various trading platforms are
1. Stoxkart Pro Classic Mobile App
Stoxkart Pro Classic mobile trading application, lets you trade seamlessly on the go on Android as well as iOS smartphones! It gives you an impeccable user-experience, which is not only smooth on your fingertips but also occupies less storage space on your mobile device.
Key features of the app-
The price chart plotted is informative and precise.
You can access mutual funds online.
Thematic investments.
Searching for essential options now made more comfortable with single-hand navigation
Research-based recommendation from multiple analysts.
Goal-based investment decisions
An embedded tabular balance sheet & other financial data for each stock makes it easier for users to view.
2. Stoxkart browser trading platform
If you are a serious trader or want to pay optimum attention to even minute highs and lows of the market, then Stoxkart’s browser trading platform would be your best suite.
Experience impeccable trading on this robust platform, which not only functions at an impressive pace but also provides market forecast analysis by big trading guns.
Key features of the browser-based trading platform-
You can access mutual funds online
Offers real-time market updates
Compatible and less resource-extensive desktop tool
Offers advanced charting facility
Offers detailed Micro/Macro Scrip data for analysis.
Offers access to Research calls & trading ideas and lets you set alerts or notifications.
You can access your detailed portfolio and fee reports.
3. Stoxkart Desktop Trading Application
Stoxkart offers state of the art, cutting-edge desktop trading platform that lets you trade in the most effortless manner. Being fast, user-friendly, and easily accessible, this trading application keeps you
abreast of the latest updates that are required for smooth and easy trading including real-time streaming quotes, comprehensive order entry, advance charts, research, and advisory support, and a
lot more.
Key features of the Stoxkart Trading Application is-
You get to use the unique portfolio tracker with a portfolio health check-up
Hotkey function lets you trade faster
Market screeners and analytics help you in decision making
Thematic investments
Navigate to important options with Single hand navigation
It is user-friendly & customisable in function and very similar to the NEST trading platform in design.
You can easily add, remove, or change the size or position of the tabs.
Stoxkart Account Opening Charges
The stockbroker collects charges to open the Stoxkart Demat account. The annual maintenance charge is charged by the stockbroker yearly to maintain and keep the account active during the year.
Following charges are levied-
| Demat Services | Stoxkart Charges |
| Account Opening Charges | Rs. 500 |
| Demat and Trading AMC Charges | Rs. 300 per year |
| Margin Money | Zero |
| Call and trade charges | Rs 20 per order placed |
Stoxkart Brokerage Charges
Stoxkart charges a flat rate brokerage where the brokerage charge will be a fixed amount irrespective of the trading turnover. Also, the company offers a unique feature no brokerage is charged for delivery based trades. Also as mentioned before the brokerage will be charged only if one earns a profit on the order.
| Brokerage Type | Flat Brokerage |
| Equity Intraday Brokerage | ₹15/- FLAT per executed order |
| Equity Delivery Brokerage | Zero Rupee |
| Equity Options Brokerage | ₹15/- FLAT per executed order |
| Equity Future Brokerage | ₹15/- FLAT per executed order |
| Currency Option Brokerage | ₹15/- FLAT per executed order |
| Currency Futures Brokerage | ₹15/- FLAT per executed order |
| Commodity Options Brokerage | ₹15/- FLAT per executed order |
| Commodity Futures Brokerage | ₹15/- FLAT per executed order |
| DP Transaction Charge | ₹ 15.5/- per scrip |
Stoxkart can be considered a one-stop solution for all your investment-related queries. With efficient use of technology that aids your trading, you also have the privilege to get your trading tools customised according to your requirement.
In lesser time Stoxkart has established its single-handed monopoly where technology and discount brokerage go hand in hand.
