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Stoxkart Vs SAMCO Comparison – Which One is Better?

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Stoxkart VS SAMCO Comparison:

Stoxkart

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.

SAMCO

It is one of the online discount brokerage firms in India, having ultra-low fee structure. It provides extensive discounts in account opening and annual maintenance charges.

It provides stock and commodity services to its customers, and also depository services under CSDL.

It was initially started in the year 2015, and is thus relatively now to the Indian Stock Market scenario, but still it has gained popularity among clients due to its ultra-low fees.

Let’s have a detailed look at both of them.

Overview


StoxkartSAMCO
Logostoxkart brokeragesamco
Website URLwww.stoxkart.comwww.samco.in
About the brokerStoxkart, 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 countryIt is one of the online discount brokerage firms in India, having ultra-low fee structure. It provides extensive discounts in account opening and annual maintenance charges.
Type of BrokerDiscount BrokerDiscount Broker
Supported ExchangeNSE, BSE, MCXNSE, BSE, MCX, NCDEX
Year of Incorporation20191995
Number of Branches2 branches & 12 partner offices1 main office and no branches.
Stoxkart Vs SAMCO Review

Stoxkart & SAMCO Charges

StoxkartSAMCO
Trading Account Opening Fees₹500₹0
Trading Account AMC₹300₹0
Demat Account Opening Fees₹354₹0
Demat Account AMC₹300₹400
Demat Account is Mandatory?NoNo

Stoxkart VS SAMCO Brokerage

Stoxkart BrokerageSAMCO Brokerage
Account TypeSingle PlanStandard
Equity Delivery Brokerage₹0₹20 per executed order
Equity Intraday Brokerage₹15 per executed trade₹20 per executed order
Equity Futures Brokerage₹30 per executed trade₹20 per executed order
Equity Options Brokerage₹30 per executed trade₹20 per executed order
Currency Options Trading Brokerage₹30 per executed trade₹20 per executed order
Commodity Futures Trading Brokerage₹30 per executed trade
Commodity Options Trading Brokerage₹30 per executed trade
Special Offer
Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App.

Other Charges


StoxkartSAMCO
Minimum Brokerage Charges₹0₹0
Other Brokerage Charges₹0
Call & Trade Charges₹20 per executed trade₹20 per executed trade

Taxes & other Government Charges


StoxkartSAMCO
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 & SAMCO Transaction Charges

StoxkartSAMCO
Equity Delivery0.00325%NSE ₹325 per crore |
BSE ₹1 per trade (each side)
Equity Intraday0.00325%NSE ₹325 per crore |
BSE ₹1 per trade (each side)
Equity Futures0.0019%NSE ₹190 per crore |
BSE ₹1 per trade (each side)
Equity Options0.05%NSE ₹190 per crore |
BSE ₹1 per trade (each side)
Currency Futures0.0009%NSE ₹110 per crore (0.0011%)
Currency Options0.04% (on premium)NSE ₹4000 (on premium) per crore (0.040%)
Commodity0.0005%Non-Agri ₹260 (0.0026%) |
Agri ₹175 per Crore

Stoxkart or SAMCO Exposure Margin

StoxkartSAMCO
Equity Delivery1x (no margin)
Equity IntradayUp to 25xNormal Orders: 3x to 15x | CO & BO: Up to 33x
Equity FuturesUp to 2.5xIntraday- 40% (2.5x), Carry forward- 100%(1x) of Total margin (Span+ Exposure)
Equity OptionsUp to 7xIntraday- 40% (2.5x), Carry forward- 100%(1x) of Total margin (Span+ Exposure)
Currency FuturesUp to 2.5xIntraday – 50% (2.5x), Carry forward – 100%(1x) of Total margin (Span+ Exposure)
Currency OptionsUp to 2xIntraday – 50% (2.5x), Carry forward – 100%(1x) of Total margin (Span+ Exposure)
Commodity FuturesUp to 2.5xIntraday – 40% (2.5x), Carry forward – 100%(1x) of Span
Commodity Options

Also Read: SAMCO Margin Calculator Online

Related Post:   Stoxkart Vs SAS Online: A Side By Side Comparison Of These Two Discount Brokerage Services

Stoxkart VS SAMCO Feature Comparison

StoxkartSAMCO
3 in 1 AccountNoNo
ChartingYesYes
SMS AlertsYesNo
Online DemoNoYes
Online PortfolioYesNo
Margin Trading Funding AvailableYes
Trading PlatformStoxkart DesktopOMNESYS NEST,
StockNote
Overall Review3.2 /53.6 / 5 

Stoxkart VS SAMCO Investment Options

StoxkartSAMCO
Stock / EquityYesYes
CommodityYesYes
CurrencyYesYes
Initial Public Offers (IPO)NoNo
Mutual FundsNoNo
Bond / NCDNo
DebtNoNo
Other Investment Options

Stoxkart or SAMCO Research Report

StoxkartSAMCO
Daily Market ReportNo
Free TipsYesNo
Quarterly Result AnalysisNoNo
News AlertsNoNo
open samco demat account

Stoxkart VS SAMCO for Investor Type

StoxkartSAMCO
Casual Investor
Active InvestorYes
TraderYesYes

Stoxkart VS SAMCO Risks & Benefits  

StoxkartSAMCO
BenefitsEarn and then only pay brokerage fees.
Research reports detailed.
Intraday exposure is high.
Technologically advanced.Account opening is instant and paperless.Availability of margin products.
Advanced order types available.
Check app even before becoming a customer.
RisksTrading platforms need improvements.
Too high account opening charges.3 in 1 account not available.
3 in 1 account not available.No branches.IPO and Mutual Funds unavailable.
Stoxkart Account Opening

Final words

Thus, this article helps our customers to verify and compare the policies of Stoxkart and SAMCO, 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 be your choice in Stoxkart Vs SAMCO, Happy money-making to you.

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