Stoxkart VS Reliance Securities Comparison:
Stoxkart, an Indian Stock Broking giant, provides services in stock, commodities, currency, equity and derivatives. It initially started in the Delhi region and has a now a no. of service centres and sub-brokers across the country.
It has two apps by the name of Stoxkart Classic and Stoxkart Pro, which provide online assistance and trading. It also has a branch called Stoxmf, operating only in mutual funds.
Reliance Securities is the financial handle of the Reliance Anil Dhirubhai Ambani group, providing services in commodity, currency, equity and derivatives.
It trades under NSE, BSE, MCX and NMCE. Rsec.co.in is the web portal of these firm, which is the online platform for all types of financial services.
It has an active client, summing to nearly 1lakh in the Indian Market. The account opening charges are free, and annual maintenance charges are low.
Let’s have a detailed look at both of them.
|About the broker||Stoxkart, an Indian Stock Broking giant, provides services in stock, commodities, currency, equity and derivatives. It initially started in the Delhi region and has a now a no. of service centres and sub-brokers across the country.||Reliance Securities is the financial handle of the Reliance Anil Dhirubhai Ambani group, providing services in commodity, currency, equity and derivatives. It has an active client, summing to nearly 1lakh in the Indian Market.|
|Type of Broker||Discount Broker||Full-Service Broker|
|Supported Exchange||NSE, BSE, MCX||NSE, BSE|
|Year of Incorporation||2019||2006|
|Number of Branches||2 branches & 12 partner offices||40|
Stoxkart & Reliance Securities Charges
|Trading Account Opening Fees||₹500||₹950|
|Trading Account AMC||₹300||₹0|
|Demat Account Opening Fees||₹354||₹0|
|Demat Account AMC||₹300||₹400|
|Demat Account is Mandatory?||No||No|
Stoxkart VS Reliance Securities Brokerage
Brokerage Plan 1
|Stoxkart Brokerage||Reliance Securities Brokerage||Reliance Securities|
|Account Type||Single Plan||R Fixed Online||R Fixed|
|Equity Delivery Brokerage||₹0||0.40%||0.50%|
|Equity Intraday Brokerage||₹15 per executed trade||0.04%||0.05%|
|Equity Futures Brokerage||₹30 per executed trade||0.04%||0.05%|
|Equity Options Brokerage||₹30 per executed trade||₹100 per lot||₹100 per lot|
|Currency Options Trading Brokerage||₹30 per executed trade||₹100 per lot|
|Commodity Futures Trading Brokerage||₹30 per executed trade||NA|
|Commodity Options Trading Brokerage||₹30 per executed trade||NA|
|Minimum Brokerage Charges||₹0||5 paise per share|
|Other Brokerage Charges||₹0||Physical contract note: ₹40 | Physical Ledger: ₹40|
|Call & Trade Charges||₹20 per executed trade||₹20 per call (First 20 calls free)|
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 & Reliance Securities Transaction Charges
|Equity Options||0.05%||0.063% (on premium)|
|Currency Options||0.04% (on premium)|
Stoxkart or Reliance Securities Exposure Margin
|Equity Delivery||Up to 3x with 21% interest per year|
|Equity Intraday||Up to 25x||Up to 10x|
|Equity Futures||Up to 2.5x||Up to 3x|
|Equity Options||Up to 7x||Nil|
|Currency Futures||Up to 2.5x||Nil|
|Currency Options||Up to 2x||Nil|
|Commodity Futures||Up to 2.5x||NA|
Also Read: Reliance Securities Margin Calculator Online
Stoxkart VS Reliance Securities Feature Comparison
|3 in 1 Account||No||No|
|Margin Trading Funding Available||Yes|
|Trading Platform||Stoxkart Desktop||InstaXpress, |
R Mobile express
|Overall Review||3.2 /5||3.2 / 5|
Stoxkart VS Reliance Securities Investment Options
|Stock / Equity||Yes||Yes|
|Initial Public Offers (IPO)||No||Yes|
|Bond / NCD||No||Yes|
|Other Investment Options||Option strategies, |
R Model Portfolio
Stoxkart or Reliance Securities Research Report
|Daily Market Report||Yes|
|Quarterly Result Analysis||No||Yes|
Stoxkart VS Reliance Securities for Investor Type
Stoxkart VS Reliance Securities Risks & Benefits
|Benefits||Earn and then only pay brokerage.|
Highly detailed reports by SMC.
High intraday exposure.
|Wide range of options in investment.|
All major cities have branches.
Intraday product is leveraged.
|Risks||Trading platforms need improvements.|
Quite high account opening charges.3 in 1 account not available.
|3 in 1 account not available.Website usability unsatisfactory.|
Thus, this article helps our customers to verify and compare the policies of Stoxkart and Reliance Securities, the two discount stock brokerage services. The open market is always risky, that’s why, before investing money into these firms, always have good knowledge of the risks and policies.
Only then, invest money for super returns. Whatever you choose between Stoxkart Vs Reliance Securities, hope you earn huge profits.