Stoxkart Vs Profitmart Comparison
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Here we will talk about the ups and downs of two main stock broking services, Stoxkart and Profitmart.
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
It was initially started in the year 2010, and is registered with NSE, BSE and MCX for commodity trading.
It was initially known by the M3Multiple brokerage services Pvt. Ltd. It is quite new to the business market, but is still growing at super rates and have an active client base. They also provide trading in derivatives under CSDL.
It also has cutting edge technology in communication and provides advisory services through Calling and Whatsapp. It’s account opening charges are Nil and the annual maintenance charges are low.
Let’s take a closer look at these two companies.
|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 was initially started in the year 2010, and is registered with NSE, BSE and MCX for commodity trading. It was initially known by the M3Multiple brokerage services Pvt. Ltd. It is quite new to the business market, but is still growing at super rates and have an active client base.|
|Type of Broker||Discount Broker||Full Service Broker|
|Supported Exchange||NSE, BSE, MCX||NSE, BSE, MCX, NCDEX|
|Year of Incorporation||2019||2010|
|Number of Branches||2 branches & 12 partner offices||20|
Stoxkart & Profitmart Charges
|Trading Account Opening Fees||₹500||₹0|
|Trading Account AMC||₹300||₹0|
|Demat Account Opening Fees||₹354||₹0|
|Demat Account AMC||₹300||₹999 One Time Fee|
|Demat Account is Mandatory?||No||No|
Stoxkart VS Profitmart Brokerage
|Stoxkart Brokerage||Profitmart Brokerage|
|Account Type||Single Plan|
|Equity Delivery Brokerage||₹0||0.30%|
|Equity Intraday Brokerage||₹15 per executed trade||0.01%|
|Equity Futures Brokerage||₹30 per executed trade||0.01%|
|Equity Options Brokerage||₹30 per executed trade||₹25 per lot|
|Currency Options Trading Brokerage||₹30 per executed trade||₹25 per lot|
|Commodity Futures Trading Brokerage||₹30 per executed trade|
|Commodity Options Trading Brokerage||₹30 per executed trade||0.01%|
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 or Profitmart Exposure Margin
|Equity Delivery||Up to 2x|
|Equity Intraday||Up to 25x||Up to 6x|
|Equity Futures||Up to 2.5x||Up to 3x|
|Equity Options||Up to 7x||Up to 2x|
|Currency Futures||Up to 2.5x||Up to 2x|
|Currency Options||Up to 2x||Up to 3x|
|Commodity Futures||Up to 2.5x||Up to 2x|
Also Read: Profitmart Margin Calculator Online
Stoxkart VS Profitmart Feature Comparison
|3 in 1 Account||No||No|
|Trading Platform||Stoxkart Desktop||NEST, |
Profitmart mobile app
|Overall Review||3.2 /5||3.4 / 5|
Stoxkart VS Profitmart Investment Options
|Stock / Equity||Yes||Yes|
|Initial Public Offers (IPO)||No||Yes|
|Bond / NCD||No|
|Other Investment Options||Real Estate|
Stoxkart or Profitmart Research Report
|Daily Market Report||Yes|
|Quarterly Result Analysis||No||Yes|
Stoxkart VS Profitmart for Investor Type
Stoxkart Vs Profitmart Risks & Benefits
|Benefits||Earn and then pay brokerage.|
Research reports Directly from SMC.
Great intraday exposure.
|Brokerage charges are reasonable.|
Free trading account.
Offline Presence is appreciable.
|Risks||Trading platforms need not up to date.|
Too high account opening charges.3 in 1 account not available.
|3 in 1 account not available.Customer service not so good.Trading platforms average.|
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. Invest in these firms only after you know about the benefits and the risks of these fields. Stoxkart Vs Profitmart, whatever be the answer to your investment, choose wisely and get super returns.
Stockquantum was founded by Dharmendra Mukati in 2019. I am a Trader and Investor in the last 9 years.
I am writing here about stock broker review, broker comparison, IPO investment, technical analysis, fundamental analysis, sub brokership, mutual fund, personal finance, and our experiences.