Stoxkart Charges

If you join a stockbroker either a full-service broker or a discount one, you will be required to pay a certain amount to them for availing of their services. If thinking about opening an account with Stoxkart, then here is the complete details of Stoxkart charges. 

Stoxkart is an online discount brokerage firm that provides flat-fee brokerage services to investors and traders. With zero delivery brokerage the broker imposed other charges for account opening, AMC, etc. 

Want to start trading with the broker, here is the detailed review of different charges imposed by the broker.

 

Stoxkart Charges Review

Stoxkart being a discount broker, does not charge much brokerage, but when it comes to account opening, the broker imposed certain charges for demat and trading account registration.

Now since the broker is registered with NSE, BSE and MCX you can easily trade in equity, commodity and currency segments. But to trade efficiently i.e to buy or sell stocks you have to pay fees to the broker.

Apart from this there is transaction charge, hidden charges that is imposed by SEBI and charged by broker on every trader.

Stoxkart Account Opening Charges

Starting with account opening, the broker offers 2-in-1 account, thus you can reap the leverage of both trading and demat account simultaneously. However, you have to pay some amount to register your demat account.

These charges are minimal and need to be paid one time while processing account opening request.

To get into the detail of account opening, let’s dive in to the know the demat and trading account charges.

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Stoxkart Demat Charges 

The Stoxkart demat charges are the fees imposed to open and maintain a Stoxkart Demat Account. Before you open a Demat account it is good to learn about the fees and other charges associated with the same. 

The Demat account holder will pay the commission, fees, and taxes when trading with Stoxkart.

Once you are done with Stoxkart account opening, you will be liable to pay account opening charges along with other mandatory Stoxkart charges.

The fees for opening a Demat and Trading account are listed as below

 

Above is the detailed fees levied for opening a Demat and trading account that are completely free of cost. Opening an account also gives you access trade with Stoxkart Online.

Other than this, you can also opt for the Call & Trade option by paying the brokerage charges imposed to execute the trade.

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Stoxkart Trading Account Charges

On on hand  where the demat account hold shares, the trading account involves the transaction of funds. Everytime you buy or sell shares, certain charges are deducted or added to the account corresponding to the cost of shares you buy or sell.

To open a trading account, you have to pay ₹300 to trade in equity segment, while for commodity or currency trading account the fees of ₹200 is being imposed for opening an account.

Other than this, there is no AMC or other charges associated with the trading account.

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Stoxkart AMC Charges 

Apart from the Stoxkart Demat Account and brokerage charges, an account holder is liable to pay Stoxkart AMC charges, which are also known as Annual Maintenance charges.

These charges are levied by Stoxkart from the account holders to maintain their demat account and to keep their account safe.

If you open a stoxkart account, you need to pay annual maintenance charges (AMC), and these Stoxkart charges are listed as below-

 

This tells us that we need to pay the Stoxkart AMC charges or Annual Maintenance Charges every year of ₹300 when trading with Stoxkart.

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DP Charges in Stoxkart

Besides Transaction and Brokerage charges, an account holder is required to pay Stoxkart DP Charges.

₹15.5 per scrip ( no matter the quantity)  is the stoxkart DP charges on the day and debited from the demat account once the stock is executed. This one is charged by the CDSL and the depository participant i.e., Stoxkart. 

The DP fees are levied by each stockbroker with no special case and hence, they add up in the list of Stoxkart charges.

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Stoxkart Brokerage Charges 

Now the question arises that do you require to pay any other Stoxkart charges after opening an account with them. Well, the answer is yes!

You will be required to pay a certain amount while buying or selling stocks, shares, or other commodities, and this amount is known as Brokerage- which is charged per lot or per trade done by you.

Hence, if you buy or sell a stock, Stoxkart brokerage charges will be instantly deducted from your trading account.

Here the fees for commodity, equity, currency, and derivatives trading are given below :

 

From the above table, we can clearly observe that Stoxkart provides zero brokerage fees on delivery trade (intraday trading).

You have to pay only ₹15 per order when you earn some profit. You will spend zero (0) if there is no profit made by you.

For the rest of the trading and investment segments such as commodity, currency, futures, and options, only ₹15 per lot is being charged.

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Stoxkart Transaction Charges 

Stoxkart transaction charges or turnover charges come with brokerage and other charges.

Exchange turnover charges + clearing charges = transaction charges/ turnover charges. 

• Exchange turnover charges: The famous stock exchange in India charges some of the transaction fees when trading with them.
• Clearing charges: Stock exchange in India provides four different types of memberships – trading member, Trading Cum Self Clearing Member, Trading Cum Clearing Member & Professional Clearing Member. 

Most brokers prefer trading member membership. And the brokers (trading members) pay the clearing charges to professional clearing members to clear the trades. 

• Transaction charges : Applied to all the segments, including – commodity, equity, and currency derivatives segments. 

 

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Stoxkart Hidden Fees

Like another broker, Stoxkart imposed certain fees other than the brokerage and other fees associated with it. The hidden cost associated with Stoxkart trading is taxes, DP charges, STT charges, etc. 

Below is the table in which you can see the stoxkart hidden fees :

 

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Conclusion  

In the end, we can say that the stoxkart is monitored and controlled by SEBI. It’s operating as a part of SMC Global, which was established in 1994. So, it’s a safe company because it has a good and long track record. 

This company has a very good success rate because they won’t ever make a profit out of your brokerage fees. 

To get started you must go into deep to grab maximum knowledge of fees and other taxes being charged for making each transaction. However, it’s a company where there are no account opening charges, low brokerage fees, and a very excellent trading platform. 

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