Stoxkart Account Opening Charges

Stokxart is an online discount broker based in Delhi and is an essential part of SMC Group. It was founded in 1990 and provided flawless services to its customers for years. Want to get started with the broker, then here is the information of Stoxkart Account Opening Charges. 

Stoxkart offers the facility to open a 2-in-1 account thus offering you the chance to have a trading and demat account in one go. But how much does the broker charge for account opening is the question of concern?

Well! to open an account with the broker, you have to pay the fees of ₹300 but there are some other charges associated with the opening of a demat account like AMC and DP charges.

So here we are with the full details of the charges, let’s dive in and grab a great trading experience with this discount broker.

Stoxkart Account Opening Charges and AMC

When considering an account, there are multiple charges associated with its opening. The major one includes:

• Account Opening Fees
• Annual Maintenance Fees
• Transaction Fees

Account opening fees include the charges that you have to pay while registering for the demat or trading account. Stoxkart offering you the facility to have a demat and trading account charges a minimal fee to complete the registration process.

Annual Maintenance Fees or AMC is the other charge associated with your demat and trading account. It is charged annually to maintain transactions of your demat account and trading account.

DP Charges or transaction charges are charged every time the shares are debited from your dematerialized account. These charges are generally hidden but before processing the account opening steps, it is good to gain information around these charges to avoid any confusion in the future.

Custodian Fees are charged by the brokerage firm to secure your securities in the demat account. These charges are generally charged yearly on the basis of assets held by the firm. Generally, it is ₹0.5-₹1 per ISIN in a month.

Dematerialized Fees are imposed whenever you convert your physical shares in a dematerialized form to keep them in your demat account.

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Stoxkart Demat Account Opening Charges

Demat accounts are the account where the shares are being kept in a dematerialized form. To open an account, certain charges are being levied by the broker.

Although many brokers open the account for free, Stoxkart charges fees of ₹300 to open a demat account.

This is a one-time fee that you have to pay while opening an account and can make efficient use of the account to secure your shares in an electronic form.

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Stoxkart Trading Account Opening Charges

Stoxkart provides both trading and demat account services. When trading with Stoxkart, their customers have to pay the fees, commissions, and taxes. 

Now, what are the charges one has to pay for opening a demat account with Stoxkart? It differs and depends on the trading segment you opt for!

So, when thinking of trading in the equity segment, you have to pay the sum of ₹300 while for the commodity and currency account opening the charges of ₹200 are being imposed by the broker.

Refer to the table below to grab complete information around dematerialized account opening.

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Stoxkart Annual Maintenance Charges 

Next to the account opening fees, the broker charges another additional charge called annual maintenance charges commonly known as AMC charges. It is the cost that is imposed to maintain a demat account. So here no AMC charges are imposed on your trading and commodity account.

Stoxkart charges a sum of ₹300+18% GST as AMC charges for individuals, HUFs, NRI, and partnership firms. These charges also need to be paid annually.

So, if you are no longer operating your Stoxkart Demat account, then it is good to close the account by following the Stoxkart account closure process to avoid paying this annual fee.

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Stoxkart DP Charges

DP charges are imposed by the depository (CDSL) every time the shares are being debited from your demat account.

Stoxkart DP charges are equal to ₹15.5 per scrip and ₹5.5 for the mutual fund being debited from the account.

These charges are charged irrespective of the number of quantity and thus depends upon the transaction being done in a day.

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Stoxkart Custodian Charges

As already discussed above, these charges are charged annually on the basis of number of assets held in your demat account.

The charges vary from ₹0.5-₹1 per ISIN or securities per month.

It is being charged to assure safety of the securities that are being held by the broker on the behalf of its client. This add on extra security and reduces the chance of stealing or any other fraudulent act.

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Conclusion

In the end, we can say that if you are thinking to trade in equity, commodity, currency, then you should go for Stoxkart without giving any second thought. 

The broker provides an excellent and user-friendly platform, which can help its customers experience fantastic trading.

To summarize the Stoxkart Account Opening Charges, refer the table below:

 

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