Stoxkart Vs HDFC Securities Comparison:
Stoxkart
Stoxkart, a discount brokerage firm based in Delhi NCR have made its name in the Indian stock market scenario. It has cutting edge technology in communication and advisory, assistance and services in equity, currency and commodities.
It provides two apps called Stoxkart Classic and Stoxkart Pro, which helps trading online. It has a special branch called Stoxmf which helps in mutual fund investments, and a specialised group of assistants to help on the go.
HDFC Securities
It is the equity trading branch of the HDFC Bank, trading in currency, commodities, equity and derivatives. It is registered with both NSE and BSE, and trades in them and allows cash and carry for their clients.
It has very low account opening charges and their account maintenance charges are also very low.
They allow 3-in-1 accounts for their corporate clients. They are second only to ICICI Securities in the Indian stock market in terms of popularity and client no.
Let’s have a detailed look at both of them.
Overview
| Stoxkart | HDFC Securities | |
| Logo |  |  |
| Website URL | www.stoxkart.com | www.hdfcsec.com |
| About the broker | Stoxkart, a discount brokerage firm based in Delhi NCR have made its name in the Indian stock market scenario. It has cutting edge technology in communication and advisory, assistance and services in equity, currency and commodities. It provides two apps called Stoxkart Classic and Stoxkart Pro, which helps trading online. | It is the equity trading branch of the HDFC Bank, trading in currency, commodities, equity and derivatives. It is registered with both NSE and BSE, and trades in them and allows cash and carry for their clients. |
| Type of Broker | Discount Broker | Full-Service Broker |
| Supported Exchange | NSE, BSE, MCX | NSE, BSE |
| Year of Incorporation | 2019 | 2002 |
| Number of Branches | 2 branches & 12 partner offices | 270 |
Read Also: Stoxkart Vs Wisdom Capital Comparison
Stoxkart Vs HDFC Securities Charges
| Stoxkart | HDFC Securities | |
| Trading Account Opening Fees | ₹500 | ₹999 |
| Trading Account AMC | ₹300 | ₹0 |
| Demat Account Opening Fees | ₹354 | ₹0 |
| Demat Account AMC | ₹300 | ₹750 |
| Demat Account is Mandatory? | No | No |
Stoxkart Vs HDFC Securities Brokerage
| Stoxkart | HDFC Securities | |
| Account Type | Single Plan | Online Trading |
| Equity Delivery Brokerage | ₹0 | 0.50% |
| Equity Intraday Brokerage | ₹15 per executed trade | 0.05% |
| Equity Futures Brokerage | ₹30 per executed trade | 0.05% |
| Equity Options Brokerage | ₹30 per executed trade | ₹100 per lot or 1% of the premium (whichever is higher) |
| Currency Options Trading Brokerage | ₹30 per executed trade | ₹20 per contract |
| Commodity Futures Trading Brokerage | ₹30 per executed trade | 0.02% for Intraday / 0.025% for positional |
| Commodity Options Trading Brokerage | ₹30 per executed trade | 0.02% for Intraday / 0.025% for positional |
| Special Offer | ₹750 Demat account AMC fee waived off for the first year. Get HDFC 3-in-1 account, integrated trading + demat + saving bank account for seamless investing in stock market and mutual funds. |
Other Charges
| Stoxkart | HDFC Securities | |
| Minimum Brokerage Charges | ₹0 | ₹25 plus taxes |
| Other Brokerage Charges | ₹0 | |
| Call & Trade Charges | ₹20 per executed trade | ₹0 |
Read Also: Stoxkart Brokerage Calculator Online
Taxes & Other Government Charges
| Stoxkart | HDFC Securities | |
| Securities Transaction Tax (STT) | 0.0126% of total turnover | Equity Intraday 0.025% (on Sell trade) Equity Delivery 0.1% (on Buy and Sell) Equity Futures 0.01% (on Sell trade) Equity Options 0.05% (on Sell trade premium) or 0.125% (on exercised options) Currency Futures Nil Currency Options Nil Commodities 0.01% on sell side (Non-Agri) |
| SEBI Charges | ₹15 per Cr. | ₹15 per Cr. |
| Goods and Services Tax (GST) | 18% on brokerage + transaction charges | 18% on brokerage + transaction charges |
| Stamp Duty | As per the Client’s state of correspondence. | As per the Client’s state of correspondence. |
Read Also: HDFC Securities Brokerage Calculator Online
Stoxkart & HDFC Securities Transaction Charges
| Stoxkart | HDFC Securities | |
| Equity Delivery | 0.00325% | 0.00325% |
| Equity Intraday | 0.00325% | 0.00325% |
| Equity Futures | 0.0019% | 0.00190% |
| Equity Options | 0.05% | 0.050% (on premium) |
| Currency Futures | 0.0009% | 0.00165% |
| Currency Options | 0.04% (on premium) | 0.040% (on premium) |
| Commodity | 0.0005% | NA |
Stoxkart or HDFC Securities Exposure Margin
| Stoxkart | HDFC Securities | |
| Equity Delivery | 2x with Interest | |
| Equity Intraday | Up to 25x | Up to 20X |
| Equity Futures | Up to 2.5x | Nil |
| Equity Options | Up to 7x | Nil |
| Currency Futures | Up to 2.5x | Nil |
| Currency Options | Up to 2x | Nil |
| Commodity Futures | Up to 2.5x | Nil |
| Commodity Options |
Read Also: Hdfc Securities Margin Calculator Online
Stoxkart VS HDFC Securities Feature Comparison
| Stoxkart | HDFC Securities | |
| 3 in 1 Account | No | Yes |
| Charting | Yes | Yes |
| SMS Alerts | Yes | Yes |
| Online Demo | No | Yes |
| Online Portfolio | Yes | Yes |
| Margin Trading Funding Available | No | |
| Trading Platform | Stoxkart Desktop | ProTerminal , Blink , Smallcase , Voice Enabled Investing, Mobile Trading App, Digify |
| Overall Review | 3.2 /5 | 2.2 / 5 |
Stoxkart VS HDFC Securities Investment Options
| Stoxkart | HDFC Securities | |
| Stock / Equity | Yes | Yes |
| Commodity | Yes | Yes |
| Currency | Yes | Yes |
| Initial Public Offers (IPO) | No | Yes |
| Mutual Funds | No | Yes |
| Bond / NCD | No | Yes |
| Debt | No | Yes |
| Other Investment Options | Insurance, FD, NCD, Bond, NPS, Loan, NRI Trading |
Stoxkart Vs HDFC Securities Research Report
| Stoxkart | HDFC Securities | |
| Daily Market Report | Yes | |
| Free Tips | Yes | Yes |
| Quarterly Result Analysis | No | Yes |
| News Alerts | No | Yes |
Stoxkart Vs HDFC Securities For Investor Type
| Stoxkart | HDFC Securities | |
| Casual Investor | Yes | |
| Active Investor | Yes | |
| Trader | Yes |
Stoxkart Vs HDFC Securities Risks & Benefits
| Stoxkart | HDFC Securities | |
| Benefits | Earn and pay brokerage. Impressive intraday exposure. | 3 in 1 account available.Call and trade are free. |
| Risks | Trading platforms need added facilities. High account opening charges.3 in 1 account not available. | You have to open a savings account and a depository account in addition to the trading account.Brokerage fees are quite high.Minimum brokerage is also high. |
Final Words
Thus, this article helps our readers to deal with the ups and downs, pros and cons of the two stock brokers, Stoxkart and HDFC Securities. The variable nature of the market is quite a gamble for anyone, and thus investment should only be done after knowing in depth, the field you are treading into. Stoxkart Vs HDFC Securities, whatever be the solution to your problem, choose wisely and make good money.
