Stoxkart Review, Pay only when you are in profit, Zero Brokerage 

Stoxkart Discount Broker in India, Pros & Cons, Classic Mobile APP

With an objective of making trading hassle free through cheaper brokerage, Stockkart is rapidly climbing the ladder of popularity among Indian investors and traders.

Relying on their extensive experience in financial markets along with a strong understanding of growing customer needs, Stoxkart empowers its subscribers by sharing its market expertise, cutting edge technology, zero brokerage advantages and seamless trading platform.

Stoxkart, a growing discount brokerage firm has strong backing of SMC Global, a well-diversified financial services firm that serves its customers both in India and abroad.

Stoxkart was incorporated in the year 1994 and since then have been generating happy customers.

Managed by a team of young talented professionals with strong financial background, it aims to provide the best trading experience to its customers at an absolute zero cost.

And with the support of an awesome team of experienced engineers, tech nerds, market experts & a dedicated support team it looks all promising for this brokerage firm headquartered in New Delhi.

Being a member of BSE, NSE, and MCX; domestic retail investors on Stoxkart platform can invest in stocks, currencies, commodities, futures, options, IPOs & MFs at much lower rates compared to traditional full-service broking firms.

While SMC continues to operate as a full- service broker, Stoxkart is for them who likes to opt for discount broker. The beauty of Stoxkart platform is that you can invest in MFs absolutely free.

Also to attract traders it offers something called “you pay when you earn profit”

It also runs a referral program through which one gets rewarded by Rs 500/- Amazon gift voucher, if a friend or family member opens account with Stoxkart. Rs 200/- brokerage cashback is also offered to invite your friends on to Stoxkart platform.

In order to improve the knowledge and trading skills of its clients, they provide with some comprehensive learning guides online that can be handy to the newbies in stock trading.

They have provided various topics in form of FAQs to enhance knowledge on demat account, trading account, online trading, intraday trading, F&O, MFs, IPOs, and NRI/NRO trading accounts.

Various Charges of Stoxkart

Unlike other brokers in the market, Stoxkart’s fee structure is relatively simple and has no such hidden charges. They are also found to charge the lowest brokerage charges in the market.

 Charges for opening equity account – Rs 500

 Charges for commodity trading account– Zero

 Charges for currency account – Zero

 Annual Maintenance Charges – Rs. 300

Irrespective of trade volume, Rs 15/- flat fee is charged as intraday trade brokerage, only when the trader earns a profit. For call-n-trade Rs 20/- is charged per order placed.

Stoxkart Equity Charges

Stoxkart Currency Charges

Stoxkart Commodity Charges

Apart from the above charges, stamp duty is charged based on the state where the
customer resides. GST is charged at 18% on brokerage and transaction charges.

Various trading platform of Stoxkart Review

Stoxkart’s trading software can be accessed across various platforms depending on the customers’ ease of accessibility and need.

Both of its front end and back end platform is quite robust with advanced technologies.

1. Stoxkart Pro
For those who are comfortable trading through mobile application, Stoxkart Pro serves the purpose. Available both for iOS as well as Android devices, the app is freely available for download and installation.

It is a light weight application with super-fast performance and seamless experience, just on a touch of the keypads.

You can carry out thematic investments as well as transact online MFs through this application. Advanced charting and alert features are quite impressive.

It is easy to navigate and you get research based recommendations from Stoxkart. Other features like goal-based investment, stock market scanner, and guest login helps flawless trading on this platform.

2. Stoxkart Pro Web
This web based trading platform has a user friendly interface with a dynamic dashboard that provides all necessary market information along with your portfolio and trades.

Stoxkart Pro Web is loaded with some useful features like micro, macro scrip analysis, online MF transaction, market watch with consolidated information, side bar with options of research calls and trading ideas.

The scrip quotes are streamed live. One can provide feedback with captured image to the backend. Overall it’s a powerful platform on the web, in case you aren’t comfortable downloading any app on your computer or mobile.

3. Desktop Trading Platform

This trading platform from Stoxkart is fast, and works seamlessly on desktop and laptop.

With impressive UI & UX, this new age trading platform provides real time updates on various stocks, easy to navigate and has advanced charts and graphs for easy understanding of stock performances.

The portfolio tracker along with portfolio health check-up helps to keep a tab on your preferred stocks. Stoxkart also provides comprehensive research and advisory support.

Online MFs and thematic investments are also available on this platform. It has several hotkey functions for easy and quick access.

You can shift / add / remove tabs and customise the look of the dashboard as per your wish.

Pros and Cons of  Stoxkart

Various Advantage and disadvantage of Stoxkart 

Everything comes with its own list of merits and demerits, and Stoxkart isn’t exceptional, some of them are listed below. This all will help you to take an informed decision while dealing with Stoxkart.

Advantage of Stoxkart

 The biggest advantage is that Stoxkart charges brokerage only when you earn profits

 Charges zero brokerage and free delivery

 Provides intraday exposure up to 25X

 Provides Robo-Advisory with its Pro application

 Stoxkart e-KYC helps in instant account opening

 Easy to use interface offering great UX

 Referral program also helps you to earn gift vouchers

 Pricing structure across all platform is reasonable and cheaper

 Dedicated toll free number for customer services

 The Learning Centre provides with modules for knowledge enhancement

 Provides with Guest User login for quick access

 Provides faster trigger alert for price moments, pending orders and executed orders etc.

Disadvantages of Stoxkart

 The account opening fees is slightly on the higher end

 UI application faces few glitches and hence needs an improvement

 Frequent updates to fix bugs should be available

 Tutorial for the trading platform isn’t available

 Modules for Technical & Fundamental analysis is missing from the Learning centre

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