Stoxkart Review – Charges, Trading Platforms, Demat Account, Offers & more

Know everything about Stoxkart Review here. In the fast-paced world of financial brokerage, Stoxkart has emerged as a rapidly growing powerhouse.

Established in 2020 and headquartered in New Delhi, Stoxkart aims to revolutionize trading in India by breaking down barriers and providing a seamless and affordable experience.

With a team of talented professionals boasting extensive financial expertise, supported by tech-savvy engineers and market experts, Stoxkart offers traders and investors access to cutting-edge technology, zero brokerage advantages, and an excellent trading platform.

This Stoxkart review article will explore how Stoxkart is reshaping the trading landscape and empowering individuals with its innovative approach.

We will also learn about Stoxkart charges, services, offers, and other relevant information.

Why trade or invest with Stoxkart?

The Stoxkart account sets itself apart with its enticing offerings regarding trading and investing.

With a brokerage plan that includes free delivery charges and a standard plan, Stoxkart ensures cost-effective trading for its clients.

In just three years, they have amassed an impressive client base of over 30,000 individuals.

With such attractive features and a rapidly growing customer base, Stoxkart is the ideal partner for those seeking a seamless and affordable trading experience.

They offer a zero-brokerage charge for equity delivery, making it an ideal option for long-term investments.

Additionally, for intraday, equity future, equity option, commodity future, commodity option, currency future, and currency option trades, Stoxkart brokerage charges an equal minimal fee of Rs.15 per trade.

These competitive rates ensure that traders can engage in various market segments without worrying about excessive costs.

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How to open a Stoxkart Demat Account?

• To open the Stoxkart Demat Account, fill in your details in the below form.
• Upon completing the required form, expect dedicated Stoxkart representatives to contact you promptly. They will provide comprehensive guidance and support throughout the entire account opening procedure.
• Ensure a smooth verification process by furnishing the necessary documents and identification papers.
• Once the verification is completed, your account will be officially opened, granting you access to login credentials.

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Stoxkart provides a diverse array of trading platforms to cater to the needs of every trader.

Whether you prefer trading on the go with the Android or iOS app, accessing real-time market updates, or using the web trading platform with advanced charting tools, Stoxkart has got you covered.

For experienced traders, there’s a dedicated trading terminal with customizable options, while the algo trading terminal facilitates automated trading.

Additionally, this Stoxkart review article also features information regarding the mutual fund investment platform given by the firm for investors seeking to diversify their portfolios.

Below we have listed the features of the Stoxkart app and trading platforms:

Stoxkart App

Check out various features of Stoxkart App here.

• Easily buy or sell scrips with user-friendly trading options.
• View market exposure and trading activities on a single screen for convenience.
• Access in-depth information on scripts for informed decision-making.
• Analyze volume, delivery details, and 5- and 30-day averages.
• Get a comprehensive overview of your portfolio and market data through the app’s dashboard.
• Monitor and analyze your equity portfolio in real-time.
• Utilize advanced charting tools for technical analysis and market insights.

Stoxkart Web Trading Platform

Know about some amazing features of Staxkart Trading Platform.

• The platform provides a user-friendly interface, making it easy to navigate and execute trades efficiently.
• Trade across multiple market segments, including equity, commodity, and currency, all from a single platform.
• Access real-time market data for informed decision-making, including live quotes, charts, and market depth.
• You gain access to research reports, market insights, and expert recommendations to stay informed and make informed trading decisions.

Stoxkart Trading Terminal

• Access advanced charting tools with various technical indicators and drawing tools for detailed analysis.
• Stay updated with real-time market data, including live quotes, market depth, and streaming updates.
• Personalize your trading terminal with customizable layouts, watchlists, and settings to suit your preferences.

Stoxkart Algo Trading Terminal

Here are some amazing features of Stoxkar Algo Trading Platform.

• Develop and implement customized trading strategies using algorithmic logic and programming tools.
• Test and validate trading strategies using historical data to assess their performance and effectiveness.
• Execute trades automatically based on predefined trading rules and algorithms, eliminating manual intervention.

Stoxkart Mutual Funds Investment Platform

• Set up SIPs to regularly invest in mutual funds and benefit from rupee cost averaging and long-term wealth creation.
• Invest in tax-saving mutual funds, such as Equity Linked Saving Schemes (ELSS), to avail of tax benefits.
• The platform offers a comprehensive wealth solution by providing access to various mutual funds across asset classes and investment objectives.
• Benefit from the SMC Portfolio Health Check-up feature, which assesses your mutual fund holdings and provides guidance for optimizing your portfolio.

Have a look at the below pointers for Stoxkart offerings:

• With flat brokerage rates, traders enjoy cost-effective transactions regardless of trade size.
• Stoxkart offers also include free delivery trading, eliminating brokerage charges for long-term investments.
• As a bonus, Stoxkart rewards clients through referral offers, granting an Rs.500 Amazon voucher per referred client.
• For those in need of margin funding, Stoxkart offers convenient options.
• Stoxkart supports traders by providing zero brokerage on loss-making trades, ensuring a risk-friendly environment.

Stoxkart SWOT Analysis

Here is the detailed SWOT analysis for Stoxkart:

Strengths

• Free delivery charges on equity trades.
• Zero subscription charges or account maintenance fees.
• Operates as a discount broker with competitive brokerage rates.

Weaknesses

• Unlike other brokerage firms, Stoxkart does not offer free account openings.
• Stoxkart doesn’t provide personalized stock recommendations based on an individual’s investment goals or preferences.
• Stoxkart also doesn’t provide users with free trading calls or tips.

Opportunities

• Stoxkart can consider strategic partnerships or collaborations with other financial technology companies, research firms, or educational institutions.
• Stoxkart can focus on developing educational resources and materials to help beginner traders and investors improve their financial knowledge and trading skills.
• The Broker can invest in developing and expanding its research and analytics capabilities.

Threats

• Facing competition from established players and emerging fintech startups.
• Vulnerable to fluctuations in the stock market and overall economic stability.
• Need to stay updated with evolving customer needs and preferences.

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Below we have listed about Stoxkart research in the pointers:

• Stoxkart offers chargeable research reports, providing valuable insights into market trends and investment opportunities.
• The Stoxkart trading account provides IPO reports, helping clients make informed decisions regarding initial public offerings.
• Technical reports are free, offering analysis and insights based on technical indicators.
• Stock tips are also chargeable and provide recommendations for trading activities.
• Clients can work with a dedicated Relationship Manager for personalized guidance and support, though this service is chargeable.

Below we are listing the pointers for Stoxkart Margin for the traders:

• Stoxkart allows investors to trade in equity delivery, commodity F&O carry forward, currency F&O and equity F&O carry forward positions with a margin of 1x.
• Traders engaging in intraday equity trading can access leverage of up to 5x, depending on the specific stocks they choose.
• Regarding equity F&O intraday and commodity F&O intraday trading, Stoxkart margin is 1.3x, allowing traders to make the most of their trading capital.

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Discount Plus

• You can contact Stoxkart customer care team at 1800-11-3331 for direct assistance over the phone.
• For inquiries or support via email, contact [email protected], and the dedicated support team will respond to your queries.
• You can connect with them at 7428778282 on WhatsApp for quick assistance.
• You can seek assistance by contacting them via their Twitter and Facebook accounts or through their website.

Stoxkart takes customer complaints and feedback seriously, striving to provide satisfactory resolutions.

Out of 10 lodged complaints, 8 have been successfully resolved, resulting in an impressive 80.00% resolution rate.

With a high percentage of resolved Stoxkart complaints, the firm aims to ensure a positive and smooth experience for all its users.

Stoxkart Charges

• Stoxkart account opening charges are Rs.500.
• An Annual Maintenance Charge (AMC) of Rs.300 per year applies to the account.
• Pledge creation requests incur a charge of Rs.30 per request.
• Pledge invocation requests are subject to a charge of Rs.20 per request.
• Interest on margin trading is calculated at a rate of 0.07% per day.

Stoxkarts hidden charges are as follows:

• • SEBI turnover charges of Rs.10 per crore are applicable for all segments.
  • DP charges of Rs.20 per scrip on sell transactions are levied.
  • A GST of 18% is applied to the sum of brokerage, SEBI, and transaction charges.
  • Dematerialization charges amount to Rs.20 per certificate.
  • Call and trade services are charged at Rs.20 per trade.

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Stoxkart Review – Conclusion

Concluding the Stoxkart review article, we find that the firm, a rapidly growing financial brokerage house in India, offers cost-effective trading with its zero-brokerage advantage and transparent fee structure.

With a range of trading platforms, research and advisory facilities, and dedicated customer support, Stoxkart provides a seamless trading experience.

Despite a few complaints, its high-resolution rate reflects a commitment to customer satisfaction.

With its innovative approach and dedication to transparency, Stoxkart is poised to revolutionize the Indian financial market.

Stoxkart FAQs

Here we are listing the FAQs related to the Stoxkart Review:

Is Stoxkart a Safe Broker?

Yes, Stoxkart is a safe and trusted broker.

Is Stoxkart Good for Beginners?

Yes, Stoxkart is a good platform for beginners.

How many active clients does Stoxkart have?

The firm has over 30,000 clients.

Who is the Founder of Stoxkart?

Pranay Agarwal & Ayush Agarwal are the founders of Stoxkart.

Does Stoxkart provide Free Delivery Trading?

Yes, Stoxkart offers free delivery trading.

What are Intraday Trading Charges in Stoxkart?

The intraday trading charges are Rs. 15 per trade.

What are Stoxkart F&O Charges?

Stoxkart charges Rs. 15 per trade for both futures and options.

Does Stoxkart charge for Commodity Trading?

Yes, they charge for commodity trading. The charges are Rs. 15 per trade for both commodity futures and options.

Does Stoxkart charge for Currency Trading?

Yes, they charge Rs. 15 per trade for both currency futures and options.

Does Stoxkart provide Research?

Yes, the firm offers research and advisory services.

How to contact Stoxkart Customer Care?

You may contact their customer care at 1800-11-3331 or email them at [email protected].

Alternatively, you can also send them a message on their website, Facebook, or Twitter profile.

How much is AMC in Stoxkart?

The account maintenance charges associated with Stoxkart are Rs. 350/year.

What are Account Opening Fees in Stoxkart?

The account opening charges at Stoxkart are Rs. 300 per year.

What are Pledge Creation Charges in Stoxkart?

The Pledge Creation Charges are Rs.30 per request.

How much are Pledge Invocation Fees in Stoxkart?

The Pledge Invocation charges are Rs. 20 per request.

Does Stoxkart levy any Interest on Margin Trade Funding?

Yes, the interest levied on margin trading is 0.07% per day.

What are DP Charges in Stoxkart?

The DP charges are Rs.20 per Scrip on sale.

Does Stoxkart levy any Account Closure Fees?

Stoxkart levies no fees for Account Closure.

What are Account Reactivation fees in Stoxkart?

Stoxkart charges no account reactivation fees.

What are Call & Trade Charges in Stoxkart?

The call & trade charges at Stoxkart are Rs. 20 per trade.