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Stoxkart Vs Kotak Securities: A Comparison Between The Leading Stock Broking Services In India

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Stoxkart VS Kotak Securities Comparison:

Stoxkart

Stoxkart, one of the giants in the Indian stock broking scenario, was initially started in the Delhi region and aims to provide services to its clients by the help of branches and sub-brokers across the country. It has a huge client base and its popularity is unparalleled. 

It has provided two apps by the name of Stoxkart Classic and Stoxkart Pro available both in android and iOS devices. It has a platform named Stoxmf, which provides assistance in mutual fund investments.

Kotak Securities

It is the brokerage handle of Kotak Mahindra Bank, initially started in the year 1994. It has more than a thousand branches across India, and more than 10 lakh active clients.

The are registered with the NSE and BSE, and provide currency, commodities, equity and derivative services in the Indian stock market.

It allows its clients a three in one account, with zero opening charges and minimum account maintenance charges annually.

Let’s now have a detailed look at both of them.

Overview

StoxkartKotak Securities
Logostoxkart brokeragekotak
Website URLwww.stoxkart.comwww.kotaksecurities.com
About the brokerStoxkart, one of the giants in the Indian stock broking scenario, was initially started in the Delhi region and aims to provide services to its clients by the help of branches and sub-brokers across the country. It has a huge client base and its popularity is unparalleled. It is the brokerage handle of Kotak Mahindra Bank, initially started in the year 1994. It has more than a thousand branches across India, and more than 10 lakh active clients. The are registered with the NSE and BSE, and provide currency, commodities, equity and derivative services in the Indian stock market.
Type of BrokerDiscount BrokerFull-Service Broker
Supported ExchangeNSE, BSE, MCXNSE, BSE, MCX, NCDEX 
Year of Incorporation20191994
Number of Branches2 branches & 12 partner offices1209
Stoxkart Vs Kotak Securities Review

Stoxkart & Kotak Securities Charges

StoxkartKotak Securities
Trading Account Opening Fees₹500₹750
Trading Account AMC₹300₹0
Demat Account Opening Fees₹354₹0
Demat Account AMC₹300₹600
Demat Account is Mandatory?NoNo

Stoxkart VS Kotak Securities Brokerage

Brokerage Plans

StoxkartKotak SecuritiesKotak Securities
Account TypeSingle PlanFixed Brokerage PlanDynamic Brokerage Plan
Equity Delivery Brokerage₹00.49%0.59% to 0.30%
Equity Intraday Brokerage₹15 per executed trade0.049% (both side)0.06% to 0.05%
Equity Futures Brokerage₹30 per executed trade0.049% (both side)0.07% to 0.05%
Equity Options Brokerage₹30 per executed trade₹300 per lot2.5% to 1.8%
Currency Options Trading Brokerage₹30 per executed trade
₹20 to ₹7.5 per lot
Commodity Futures Trading Brokerage₹30 per executed trade0.070%
Commodity Options Trading Brokerage₹30 per executed trade

Special Offer
Special Offer: Get Kotak 3-in-1 account for seamless trading and investment. The integrated trading + demat + saving bank account is for convenient investment in the stock market and mutual funds.

Also Read: Kotak Securities Brokerage Calculator Online

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Other Charges

StoxkartKotak Securities
Minimum Brokerage Charges₹0₹21 per executed order
Other Brokerage Charges₹0SMS Alerts at ₹50 per month.
Call & Trade Charges₹20 per executed trade₹20 per call after first 20 free calls in a month

Also Read: Stoxkart Brokerage Calculator Online – Lowest Brokerage

Taxes & other Government Charges

StoxkartKotak Securities
Securities Transaction Tax (STT)0.0126% of total turnoverEquity 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 charges18% on brokerage + transaction charges
Stamp DutyAs per the Client’s state of correspondence.As per the Client’s state of correspondence.

Stoxkart & Kotak Securities Transaction Charges

StoxkartKotak Securities
Equity Delivery0.00325%0.1% (Buy and Sell)
Equity Intraday0.00325%0.025% (on Sell trade)
Equity Futures0.0019%0.01% (on Sell trade)
Equity Options0.05%0.05% (on Sell trade premium)
or 0.125% (on options)
Currency Futures0.0009%NA
Currency Options0.04% (on premium)NA
Commodity0.0005%0.01% on sell side

Stoxkart or Kotak Securities Exposure Margin

StoxkartKotak Securities
Equity Delivery1x (no margin)
Equity IntradayUp to 25x50 times
Equity FuturesUp to 2.5x12 to 15 times
Equity OptionsUp to 7xSelling: 200 times | Buying: 10 times
Currency FuturesUp to 2.5xNA
Currency OptionsUp to 2xNA
Commodity FuturesUp to 2.5xNA
Commodity Options

Also Read: Stoxkart Margin Calculator

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Stoxkart VS Kotak Securities Feature Comparison

StoxkartKotak Securities
3 in 1 AccountNoYes
ChartingYesYes
SMS AlertsYesYes
Online DemoNoYes
Online PortfolioYesYes
Margin Trading Funding Available
No
Trading PlatformStoxkart DesktopWebsite, KEAT ProX Trading Terminal,
Kotak Stock Trader (Mobile App), Fastlane, Xtralite
Overall Review3.2 /52.6 / 5 

Stoxkart VS Kotak Securities Investment Options

StoxkartKotak Securities
Stock / EquityYesYes
CommodityYesYes
CurrencyYesYes
Initial Public Offers (IPO)NoYes
Mutual FundsNoYes
Bond / NCDNoYes
DebtNoNo
Other Investment Options

Stoxkart or Kotak Securities Research Report

StoxkartKotak Securities
Daily Market ReportYes
Free TipsYesYes
Quarterly Result AnalysisNoYes
News AlertsNoYes
open Kotak Demat account

Stoxkart VS Kotak Securities for Investor Type

StoxkartKotak Securities
Casual InvestorYes
Active InvestorYesYes
TraderYes

Stoxkart VS Kotak Securities Risks & Benefits  

StoxkartKotak Securities
BenefitsPay brokerage only on earning.
Detailed reports.
Intraday exposure appreciable.
3 in 1 account available.Huge number of branches.
5 Trading platforms available.
RisksTrading platforms need working on.
Too much account opening charges.3 in 1 account not available.
Brokerage is quite high.Commodity trading is done through Kotak Commodity Services Ltd.
Stoxkart Account Opening

Final words

Thus, this article was aimed to help our readers distinguish between the two stock market giants, stoxkart Vs Kotak Securities. We have tried to clear out all the risks, pros and cons, policies and risks if these two companies but still it would be recommended to know more about them before investing.

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We hope that you know the risks of the share market, so always be aware of the danger and except that, make some easy cash.

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