Stoxkart Vs IIFL Comparison:
Here we will talk about the ups and downs of two main stock broking services, Stoxkart and IIFL
Stoxkart
Stoxkart is a Delhi based discount brokerage firm, and is a part of the SMC group, providing consultancy and a stable trading site offering services in investment, mutual funds, depository services and banking.
It has one of the largest Indian client bases. User friendly interface and good, experienced communication system makes it cutting edge. Stoxkart Classic and Stoxkart Pro are two apps of this firm to aid in online trading
IIFL
It is a part of the Indian Infoline Group, and was started in the year 1995. It is registered with both the BSE and NSE for security trading.
It trades in stock, currency, commodities and derivatives in the Indian market and is one of the fastest growing companies in India. It has cutting edge technology for market research and also a highly trained group of market analysts who provide advisory services to its corporate clients.
Let’s take a closer look at this companies.
Overview
| Stoxkart | IIFL | |
| Logo |  |  |
| Website URL | www.stoxkart.com | www.iifl.com |
| About the broker | Stoxkart is a Delhi based discount brokerage firm, and is a part of the SMC group, providing consultancy and a stable trading site offering services in investment, mutual funds, depository services and banking. | It is a part of the Indian Infoline Group, and was started in the year 1995. It is registered with both the BSE and NSE for security trading. It trades in stock, currency, commodities and derivatives in the Indian market and is one of the fastest growing companies in India. It has cutting edge technology for market research and also a highly trained group of market analysts who provide advisory services to its corporate clients. |
| Type of Broker | Discount Broker | Full-Service Broker |
| Supported Exchange | NSE, BSE, MCX | NSE, BSE, MCX |
| Year of Incorporation | 2019 | 1996 |
| Number of Branches | 2 branches & 12 partner offices | 900 |
Stoxkart Vs IIFL Charges
| Stoxkart | IIFL | |
| Trading Account Opening Fees | ₹500 | ₹750 |
| Trading Account AMC | ₹300 | ₹0 |
| Demat Account Opening Fees | ₹354 | ₹555 |
| Demat Account AMC | ₹300 | ₹ 400 (One time) |
| Demat Account is Mandatory? | No | No |
Stoxkart VS IIFL Brokerage
| Stoxkart | IIFL | |
| Account Type | Single Plan | Standard Account |
| 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 | 1% of Premium or ₹100 per lot whichever is high |
| Currency Options Trading Brokerage | ₹30 per executed trade | 1% of Premium or ₹100 per lot whichever is high |
| Commodity Futures Trading Brokerage | ₹30 per executed trade | 0.05% |
| Commodity Options Trading Brokerage | ₹30 per executed trade | |
| Special Offer | Open a FREE Demat & Trading Account (Save up to ₹1150). |
Also Read: Stoxkart Brokerage Calculator Online
Other Charges
| Stoxkart | IIFL | |
| Minimum Brokerage Charges | ₹0 | ₹0.05 per share |
| Other Brokerage Charges | ₹0 | Advisory SMS- ₹50 per month |
| Call & Trade Charges | ₹20 per executed trade | ₹50 per call |
Also Read: IIFL Brokerage Calculator Online
Taxes & other Government Charges
| Stoxkart | IIFL | |
| 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. |
Stoxkart Vs IIFL Transaction Charges
| Stoxkart | IIFL | |
| Equity Delivery | 0.00325% | 0.00325% |
| Equity Intraday | 0.00325% | 0.00325% |
| Equity Futures | 0.0019% | 0.0021% |
| Equity Options | 0.05% | 0.051% (on premium) |
| Currency Futures | 0.0009% | 0.0021% |
| Currency Options | 0.04% (on premium) | 0.051% (on premium) |
| Commodity | 0.0005% | 0.0028% |
Stoxkart Vs IIFL Exposure Margin
| Stoxkart | IIFL | |
| Equity Delivery | Up to 3x with 18% interest per year | |
| Equity Intraday | Up to 25x | Up to 20x |
| Equity Futures | Up to 2.5x | Up to 3x |
| Equity Options | Up to 7x | 3X for shorting |
| Currency Futures | Up to 2.5x | Up to 2x |
| Currency Options | Up to 2x | 2x for shorting |
| Commodity Futures | Up to 2.5x | Up to 3x |
| Commodity Options |
Also Read: IIFL Margin Calculator Online
Stoxkart VS IIFL Feature Comparison
| Stoxkart | IIFL | |
| 3 in 1 Account | No | No |
| Charting | Yes | Yes |
| SMS Alerts | Yes | Yes |
| Online Demo | No | Yes |
| Online Portfolio | Yes | Yes |
| Margin Trading Funding Available | Yes | |
| Trading Platform | Stoxkart Desktop | TT Exe, TT Web, IIFL Markets |
| Overall Review | 3.2 /5 | 2.7 / 5 |
Stoxkart VS IIFL Investment Options
| Stoxkart | IIFL | |
| 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 |
Also Read: Stoxkart Vs Master Trust Comparison
Stoxkart Vs IIFL Research Report
| Stoxkart | IIFL | |
| Daily Market Report | Yes | |
| Free Tips | Yes | Yes |
| Quarterly Result Analysis | No | Yes |
| News Alerts | No | Yes |
Stoxkart Vs IIFL for Investor Type
| Stoxkart | IIFL | |
| Casual Investor | Yes | |
| Active Investor | Yes | |
| Trader | Yes |
Stoxkart Vs IIFL Risks & Benefits
| Stoxkart | IIFL | |
| Benefits | Brokerage fees to be paid only if you earn. Research reports in-detail. Great intraday exposure. | Huge number of branches.A wide range of financial products and services available. |
| Risks | Trading platforms need more features. Higher account opening charges.3 in 1 account not available. | 3 in 1 account not available.SMS alerts are high priced. |
Final Words
Every stock broker firm has some benefits and some shortcomings. As the money is yours, don’t be so fast on relying solely on these firms, whether it be Stoxkart or IIFL. Invest in these firms only after you know about the benefits and the risks of these fields. Stoxkart Vs IIFL, whatever be the answer to your investment, choose wisely and get super returns.
