Stoxkart VS Kotak Securities Comparison:
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.
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.
|About the broker||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 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 Broker||Discount Broker||Full-Service Broker|
|Supported Exchange||NSE, BSE, MCX||NSE, BSE, MCX, NCDEX|
|Year of Incorporation||2019||1994|
|Number of Branches||2 branches & 12 partner offices||1209|
Stoxkart & Kotak Securities Charges
|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?||No||No|
Stoxkart VS Kotak Securities Brokerage
|Stoxkart||Kotak Securities||Kotak Securities|
|Account Type||Single Plan||Fixed Brokerage Plan||Dynamic Brokerage Plan|
|Equity Delivery Brokerage||₹0||0.49%||0.59% to 0.30%|
|Equity Intraday Brokerage||₹15 per executed trade||0.049% (both side)||0.06% to 0.05%|
|Equity Futures Brokerage||₹30 per executed trade||0.049% (both side)||0.07% to 0.05%|
|Equity Options Brokerage||₹30 per executed trade||₹300 per lot||2.5% to 1.8%|
|Currency Options Trading Brokerage||₹30 per executed trade||₹20 to ₹7.5 per lot|
|Commodity Futures Trading Brokerage||₹30 per executed trade||0.070%|
|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
|Minimum Brokerage Charges||₹0||₹21 per executed order|
|Other Brokerage Charges||₹0||SMS Alerts at ₹50 per month.|
|Call & Trade Charges||₹20 per executed trade||₹20 per call after first 20 free calls in a month|
Taxes & other Government Charges
|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 & Kotak Securities Transaction Charges
|Equity Delivery||0.00325%||0.1% (Buy and Sell)|
|Equity Intraday||0.00325%||0.025% (on Sell trade)|
|Equity Futures||0.0019%||0.01% (on Sell trade)|
|Equity Options||0.05%||0.05% (on Sell trade premium) |
or 0.125% (on options)
|Currency Options||0.04% (on premium)||NA|
|Commodity||0.0005%||0.01% on sell side|
Stoxkart or Kotak Securities Exposure Margin
|Equity Delivery||1x (no margin)|
|Equity Intraday||Up to 25x||50 times|
|Equity Futures||Up to 2.5x||12 to 15 times|
|Equity Options||Up to 7x||Selling: 200 times | Buying: 10 times|
|Currency Futures||Up to 2.5x||NA|
|Currency Options||Up to 2x||NA|
|Commodity Futures||Up to 2.5x||NA|
Also Read: Stoxkart Margin Calculator
Stoxkart VS Kotak Securities Feature Comparison
|3 in 1 Account||No||Yes|
|Margin Trading Funding Available||No|
|Trading Platform||Stoxkart Desktop||Website, KEAT ProX Trading Terminal, |
Kotak Stock Trader (Mobile App), Fastlane, Xtralite
|Overall Review||3.2 /5||2.6 / 5|
Stoxkart VS Kotak Securities Investment Options
|Stock / Equity||Yes||Yes|
|Initial Public Offers (IPO)||No||Yes|
|Bond / NCD||No||Yes|
|Other Investment Options|
Stoxkart or Kotak Securities Research Report
|Daily Market Report||Yes|
|Quarterly Result Analysis||No||Yes|
Stoxkart VS Kotak Securities for Investor Type
Stoxkart VS Kotak Securities Risks & Benefits
|Benefits||Pay brokerage only on earning.|
Intraday exposure appreciable.
|3 in 1 account available.Huge number of branches.|
5 Trading platforms available.
|Risks||Trading 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.|
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.
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.