Stoxkart VS Motilal Oswal Comparison:
Here in this article we will discuss about the ups and downs, advantages and risks of these two companies.
Stoxkart
Stoxkart, initially based on the Delhi NCR region, is a part of the SMC group, and provides commodity, derivatives and other stock broking services to customers at very low and competitive prices.
It has one of the largest client bases in India, it’s quite popular for its user-friendly interface and communication technology.
It provides two apps by the name of Stoxkart Classic and Stoxkart Pro, and there is also a specialised branch called Stoxmf, which specialises on mutual fund investments.
Motilal Oswal
It is a Mumbai based stock brokerage firm, initially started in 1987. The full name of the company is Motilal Oswal Securities Ltd. (MOSL). It trades in equity, currency, commodities and derivatives.
It has more than 1000000 customers in India and over 69,500 crores as depository assets. Its main advantage is the extensive research it conducts on equity trading and variable nature of the Indian stock market.
It is registered with BSE, NSE and also MCX for depository services.
Let’s now have a detailed look at both of them.
Overview
| Stoxkart | Motilal Oswal | |
| Logo |  |  |
| Website URL | www.stoxkart.com | www.motilaloswal.com |
| About the broker | Stoxkart, initially based on the Delhi NCR region, is a part of the SMC group, and provides commodity, derivatives and other stock broking services to customers at very low and competitive prices. It has one of the largest client bases in India. | It is a Mumbai based stock brokerage firm, initially started in 1987. The full name of the company is Motilal Oswal Securities Ltd. (MOSL). It trades in equity, currency, commodities and derivatives. It has more than 1000000 customers in India and over 69,500 crores as depository assets. |
| Type of Broker | Discount Broker | Discount Broker |
| Supported Exchange | NSE, BSE, MCX | NSE, BSE, MCX, NCDEX |
| Year of Incorporation | 2019 | 1987 |
| Number of Branches | 2 branches & 12 partner offices | 900 |
Stoxkart & Motilal Oswal Charges
| Stoxkart | Motilal Oswal | |
| Trading Account Opening Fees | ₹500 | ₹600 |
| Trading Account AMC | ₹300 | ₹0 |
| Demat Account Opening Fees | ₹354 | ₹0 |
| Demat Account AMC | ₹300 | ₹450 (from 2nd year onwards) |
| Demat Account is Mandatory? | No | No |
Also Read: How to Open Demat Account in Different Broker
Stoxkart Vs Motilal Oswal Brokerage
Brokerage Plans
| Stoxkart | Motilal Oswal | Motilal Oswal | Motilal Oswal | |
| Account Type | Single Plan | Default Plan | Value Pack (VP2KLT) | Value Pack (VP1LACLT) |
| Fixed Charges | ₹2000 (one-time fee) | ₹1,00,000 (one-time fee) | ||
| Equity Delivery Brokerage | ₹0 | 0.50% | 0.40% | 0.10% |
| Equity Intraday Brokerage | ₹15 per executed trade | 0.05% (both side) | 0.04% (both side) | 0.01% (both side) |
| Equity Futures Brokerage | ₹30 per executed trade | 0.05% (both side) | 0.04% (both side) | 0.01% (both side) |
| Equity Options Brokerage | ₹30 per executed trade | ₹100 per lot (both side) | ₹50 per lot (both side) | ₹20 per lot (both side) |
| Currency Options Trading Brokerage | ₹30 per executed trade | ₹100 per lot (both side) | ₹22 per lot (both side) | ₹10 per lot (both side) |
| Commodity Futures Trading Brokerage | ₹30 per executed trade | 0.05% (both side) | 0.04% (both side) | 0.01% (both side) |
| Commodity Options Trading Brokerage | ₹30 per executed trade | |||
| Special Offer | Get Zero AMC for Lifetime (with ₹25k margin or ₹3k Value Pack) for limited time. |
Also Read: Motilal Oswal Brokerage Calculator Online
Other Charges
| Stoxkart | Motilal Oswal | |
| Minimum Brokerage Charges | ₹0 | ₹25 for Delivery and ₹12 for Intraday |
| Other Brokerage Charges | ₹0 | Minimum balance: ₹1,000 |
| Call & Trade Charges | ₹20 per executed trade | Nil |
Taxes & other Government Charges
| Stoxkart | Motilal Oswal | |
| 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. |
Also Read: Sharekhan Vs Motilal Oswal Comparison
Stoxkart & Motilal Oswal Transaction Charges
| Stoxkart | Motilal Oswal | |
| Equity Delivery | 0.00325% | NSE ₹335 per Cr (0.00335%) | BSE ₹1000 per Cr (0.01%) (each side) |
| Equity Intraday | 0.00325% | NSE ₹325 per Cr (0.00325%) | BSE ₹200 per Cr (0.002%) (each side) |
| Equity Futures | 0.0019% | ₹200 per Cr (0.002%) |
| Equity Options | 0.05% | NSE ₹5110 per Cr (0.0511%) | BSE ₹200 per Cr (0.002%) (on premium) |
| Currency Futures | 0.0009% | ₹125 per Cr (0.00125%) |
| Currency Options | 0.04% (on premium) | ₹4200 per Cr (0.042%) (on premium) |
| Commodity | 0.0005% | MCX: ₹250 per Cr (0.0025%) |
Stoxkart Vs Motilal Oswal Exposure Margin
| Stoxkart | Motilal Oswal | |
| Equity Delivery | 4X | |
| Equity Intraday | Up to 25x | 20X for Margin+ (Over 140 Stocks), 4X for other stocks |
| Equity Futures | Up to 2.5x | Up to 3X for Intraday |
| Equity Options | Up to 7x | No exposure |
| Currency Futures | Up to 2.5x | Intraday Leverage of 2X |
| Currency Options | Up to 2x | No exposure |
| Commodity Futures | Up to 2.5x | Up to 3x for Intraday |
| Commodity Options | No exposure |
Also Read: Motilal Oswal Margin Calculator Online
Stoxkart VS Motilal Oswal Feature Comparison
| Stoxkart | Motilal Oswal | |
| 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 | Orion Lite, MO Trader App |
| Overall Review | 3.2 /5 | 2.6 / 5 |
Stoxkart VS Motilal Oswal Investment Options
| Stoxkart | Motilal Oswal | |
| 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 | PMS, Fixed Deposits, Insurance, Derivatives |
Stoxkart or Motilal Oswal Research Report
| Stoxkart | Motilal Oswal | |
| Daily Market Report | Yes | |
| Free Tips | Yes | Yes |
| Quarterly Result Analysis | No | Yes |
| News Alerts | No | Yes |
Stoxkart VS Motilal Oswal for Investor Type
| Stoxkart | Motilal Oswal | |
| Casual Investor | ||
| Active Investor | Yes | Yes |
| Trader | Yes | Yes |
Stoxkart VS Motilal Oswal Risks & Benefits
| Stoxkart | Motilal Oswal | |
| Benefits | Pay brokerage after earning. Research reports detailed. Great intraday exposure. | One of the biggest stock brokers of India with branches all over the country.Call and trade are free.Variety of plans available. Reports available in detail. |
| Risks | Trading platforms need improvements. Quite costly account opening charges.3 in 1 account not available. | 3 in 1 account not available.Demat account is required for online trading.Requirement of margin deposit. |
Final words
Thus, we here have provided a detailed analysis of the policies, services and finances of the two stock broking firms: Stoxkart and Motilal Oswal. However, an open market is a subject of risk and thus it’s recommended to tread carefully into this. Only invest your money while you are aware of every risks and benefits to the depth and is willing to take the chance. Whatever be your pick, Stoxkart Vs Motilal Oswal, hope you make some easy money and huge profits.
