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Stoxkart Vs Profitmart: A Side By Side Comparison Between The Stock Broker

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Stoxkart Vs Profitmart Comparison

Here we will talk about the ups and downs of two main stock broking services, Stoxkart and Profitmart.

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

Profitmart

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.

Overview

StoxkartProfitmart
Logostoxkart brokerageProfit Mart
Website URLwww.stoxkart.comwww.profitmart.in
About the brokerStoxkart 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 BrokerDiscount BrokerFull Service Broker
Supported ExchangeNSE, BSE, MCXNSE, BSE, MCX, NCDEX 
Year of Incorporation20192010
Number of Branches2 branches & 12 partner offices20
Stoxkart Vs Profitmart Review

Stoxkart & Profitmart Charges

StoxkartProfitmart
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?NoNo

Stoxkart VS Profitmart Brokerage

Stoxkart BrokerageProfitmart Brokerage
Account TypeSingle Plan
Equity Delivery Brokerage₹00.30%
Equity Intraday Brokerage₹15 per executed trade0.01%
Equity Futures Brokerage₹30 per executed trade0.01%
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 trade0.01%
Special Offer

Taxes & other Government Charges

StoxkartProfitmart
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 or Profitmart Exposure Margin

StoxkartProfitmart
Equity DeliveryUp to 2x
Equity IntradayUp to 25xUp to 6x
Equity FuturesUp to 2.5xUp to 3x
Equity OptionsUp to 7xUp to 2x
Currency FuturesUp to 2.5xUp to 2x
Currency OptionsUp to 2xUp to 3x
Commodity FuturesUp to 2.5xUp to 2x
Commodity Options

Also Read: Profitmart Margin Calculator Online

Related Post:   Stoxkart Vs SAMCO Comparison - Which One is Better?

Stoxkart VS Profitmart Feature Comparison

StoxkartProfitmart
3 in 1 AccountNoNo
ChartingYesYes
SMS AlertsYesYes
Online DemoNoYes
Online PortfolioYesNo
Trading PlatformStoxkart DesktopNEST,
Profitmart mobile app
Overall Review3.2 /53.4 / 5 

Stoxkart VS Profitmart Investment Options

StoxkartProfitmart
Stock / EquityYesYes
CommodityYesYes
CurrencyYesYes
Initial Public Offers (IPO)NoYes
Mutual FundsNoYes
Bond / NCDNo
DebtNo
Other Investment OptionsReal Estate

Stoxkart or Profitmart Research Report

StoxkartProfitmart
Daily Market ReportYes
Free TipsYesYes
Quarterly Result AnalysisNoYes
News AlertsNoYes
open profit mart demat account

Stoxkart VS Profitmart for Investor Type

StoxkartProfitmart
Casual Investor
Active InvestorYesYes
TraderYesYes

Also Read: Upstox Vs Stoxkart Comparison: Which One is Better?

Stoxkart Vs Profitmart Risks & Benefits  

StoxkartProfitmart
BenefitsEarn and then pay brokerage.
Research reports Directly from SMC.
Great intraday exposure.
Brokerage charges are reasonable.
Free trading account.
Offline Presence is appreciable.
RisksTrading 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.
Stoxkart Account Opening

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. 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.

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