Stoxkart Demat Account Review – Account Opening, Features, Charges, Offers & more
Stoxkart Demat Account is a good option for online trading. You can invest in stocks, commodities, currencies, and more. The broker started in 2019 and is a discount broker in Delhi.
It’s part of a big company called SMC Global Limited. This brand is unique because it charges little money for trading.
This makes it suitable for people who are just starting and those who are good at trading.
Stoxkart account opening is easy and will streamline your trading procedures. Here, we will discuss the Stoxkart Demat Account Review, its cost, and other things.
| Broker Type | Discount Broker |
| Active Demat Accounts | 30,000+ |
| Account Opening Charges | Rs.200 for Equity & Rs.300 for Commodity, Currency |
| AMC | Rs.300 per Year |
| Free Account Opening | No |
| Free AMC | No |
Stoxkart Demat Account Review by Finec.in
Overall Rating
Account Opening Process
Offers
Charges
Products & Service
Experience
Stoxkart Demat Account – Top Features
Let’s talk about the key features of the Stoxkart Demat Account, which is a way to trade stocks and other things online.
- The stock broker is different because it charges little for trading. There’s no charge if you buy and keep stocks for a while. They charge a flat fee of Rs 15 for other types of trades.
- It lets you borrow money to trade, making your trades bigger. They give you up to 25 times the money you have for trades in one day. This helps you earn more profit if things go well.
- Stoxkart Account gives you different tools to trade online. You can use their mobile app called Stoxkart Classic, a web platform named ProWeb, or a desktop app. This lets you trade from anywhere, anytime.
- Discount broker also lets you invest in mutual funds through ‘StoxMF,’ their online portal. This adds more options for people who want to invest in different ways.
- This broker is not just for trading; they have an online Learning Centre to teach people about trading and investing. This helps you understand things better so you can make good decisions.
- It is registered with SEBI, like a watchdog for stock trading. They are also members of big stock exchanges in India, like NSE, BSE, and MCX. This means they follow the rules and make trading safer.
- This brand is transparent about its fees. There are no hidden charges, so you always know how much you pay. This helps you plan and decide better.
Stoxkart Demat Account Opening Charges
Account Opening Charges
Annual Maintenance Charges (AMC)
DP Charges
Account Closure Charges
Reactivation Charges
Dematerialisation Charges
Call & Trade Charges
Stoxkart Demat Account charges are clear and transparent for Demat account services.
To open a Demat Account, users must make a one-time fee of Rs. 500 for administrative processes involved in establishing the account.
Further, the Annual Maintenance Charge (AMC) of the Demat Account is Rs. 300 per annum for maintenance of the Demat account.
The broker levies Dematerialization (DP) charges of Rs. 20 per certificate, which applies if the physical certificates of shares are converted into electronic form, in line with industry standards.
Advantage of the Call & Trade facilities provided is placing orders by phone, but this service charges Rs. 20 per call but at a low cost.
In account reactivation, it does not impose any charges, and for added user convenience, there are no charges for closing a Demat account.
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Stoxkart Demat Account Offers
Free Account Opening
Free AMC
Free Brokerage
Free Research Reports
Free Trading calls
Referral Offers
Stoxkart Demat Account Opening Process – Step-by-Step
Stoxkart Demat account opening is straightforward. Start by going to their official site, which has an easy-to-use layout.
In the top navigation bar, look for the ‘Open an Account’ link and click it. After that, type in your mobile number and confirm your email.
Essential details include submitting your Aadhar and PAN numbers to comply with regulations.
Verify whether your Aadhar is linked to your mobile using a one-time password OTP. Suppose your Aadhar is not connected to your mobile.
In that case, the other process is to download the PDF form, fill it out, sign it, attach the relevant supporting documents, and forward it to the designated address.
How to Open a Stoxkart Demat Account? – Online Process
It is straightforward to create an account here. Let’s look at the essential steps about how to open a Stoxkart Demat Account and see how easy it is to trade online.
- You can click on the tab at the bottom of the webpage, “open a demat account.”
- A form will open in front of you. Fill it up and submit it.
- You will receive a call from the company executive shortly for further guidance.
- They will guide you further in submitting documents and account opening forms.
- Once your documents are verified, you will receive a confirmation email with all your necessary details
How to open a Stoxkart Demat Account? – Offline Process
Stoxkart understands that its users have different needs, so it offers an offline option for opening an account, especially for those without Aadhar linked to their mobile.
Here are the key steps to how to open a Stoxkart Demat Account offline.
- Users who don’t have Aadhar linked to their mobile can go to the website and download the account opening form in PDF format.
- After downloading the form, print it out and accurately fill in all the required information. This includes personal details, financial information, and your signature.
- Ensure necessary supporting documents accompany the filled-out form. These may include a copy of the PAN card, proof of identity, proof of address, proof of bank account, income proof for F&O, a passport-sized photo, and your signature on white paper.
- Users can send the package to the address mentioned once the form is completed and all the necessary documents are attached.
- Following these steps, users can quickly complete the offline account opening process.
Eligibility Criteria to Open Stoxkart Account
Nationality
Age
Active Bank Account
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Documents required to Open Stoxkart Account
PAN Card Copy
Identity Proof Copy
Address Proof Copy
Bank Account Proof Copy
Copy of Income Proof for F&O
Passport Size Photo
Signature on White Paper
IPV (In-person Verification)
The discount broker maintains a comprehensive yet straightforward list of mandatory documents for opening a Demat account.
Let’s look at the documents required to extend a demat account at Stoxkart:
- PAN Card Copy
- Identity Proof Copy
- Address Proof Copy
- Bank Account Proof Copy
- Copy of Income Proof for F&O
- Passport Size Photo
- Signature on White Paper
How to Close Stoxkart Demat’s Account?
Closing a Demat Account is a user-friendly process. Here’s a guide on how to close a Stoxkart Demat Account.
- To start the account closing process, users can contact its customer support via phone, email, or any other communication method.
- The support team will provide clear, step-by-step instructions to smooth the closure process.
- Users may need to send specific documents, such as a signed closure form and copies of identification cards, for verification purposes.
- Users should settle any outstanding dues or obligations associated with the account before completing the closure.
- After the closure process is effective, users will receive a formal notification confirming the completion of the closure. This ensures that the entire process is officially finished.
By following these steps, users can efficiently close their Demat Account.
Stoxkart Demat Account Review – Conclusion
To sum up, the Stoxkart Demat Account is a handy choice for trading online.
The broker makes things easy for traders with transparent costs, low brokerage fees, and essential features like substantial margin exposure and educational resources.
The platform is simple to use, whether you’re opening your account online or offline, and the absence of hidden fees reflects Stoxkart’s commitment to providing a transparent and seamless experience for its users.
FAQs on Stoxkart Demat Account Review
Discover the answer to your questions with our detailed FAQs on the Stoxkart Demat Account.
How to create a Demat account in Stoxkart?
To open a Demat account hit “open a Demat account”. Follow the onscreen instructions to open an account online.
How to Delete a Stoxkart Account?
To delete an account, contact their customer support via phone or email. The support team will provide step-by-step instructions and may ask you to submit documents like a signed closure form.
What is AMC in Stoxkart?
The annual maintenance charge for managing the Demat account is Rs AMC—300 annually.
What are the charges for opening an account?
The charges Rs. 500 to open an online account.
How to find the Demat account number in Stoxkart?
The Demat account number is included in the welcome kit received after opening a successful account.
How to get a Stoxkart Demat Holdings Statement?
Users can download a copy of their demat holdings statement via the Stoxkart online portal or by contacting customer support.
What documents will be needed to open a Demat account?
Mandatory documents include a PAN card, identity proof, address proof, bank account, income proof for F&O, passport-size photo, and a signature on white paper.
How much time does it take to open a Demat Account?
The account opening process for the demat account takes only 15.
How to change a bank account in Stoxkart?
If you need help changing the bank account linked to your Stoxkart account, contact customer support. You can get them through email, phone, or any other way they support help.
How to transfer shares from one Demat Account to the Stoxkart Demat Account?
Stoxkart requires clients to submit DIS copies to the branch to transfer shares from a Demat account. After verifying signatures, your account will be promptly moved to the selected depository.