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
| Stoxkart | SAMCO | |
| Logo |  |  |
| Website URL | www.stoxkart.com | www.samco.in |
| 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 | 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. |
| Type of Broker | Discount Broker | Discount Broker |
| Supported Exchange | NSE, BSE, MCX | NSE, BSE, MCX, NCDEX |
| Year of Incorporation | 2019 | 1995 |
| Number of Branches | 2 branches & 12 partner offices | 1 main office and no branches. |
Stoxkart & SAMCO Charges
| Stoxkart | SAMCO | |
| 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? | No | No |
Stoxkart VS SAMCO Brokerage
| Stoxkart Brokerage | SAMCO Brokerage | |
| Account Type | Single Plan | Standard |
| 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
| Stoxkart | SAMCO | |
| Minimum Brokerage Charges | ₹0 | ₹0 |
| Other Brokerage Charges | ₹0 | |
| Call & Trade Charges | ₹20 per executed trade | ₹20 per executed trade |
Taxes & other Government Charges
| Stoxkart | SAMCO | |
| 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 & SAMCO Transaction Charges
| Stoxkart | SAMCO | |
| Equity Delivery | 0.00325% | NSE ₹325 per crore | BSE ₹1 per trade (each side) |
| Equity Intraday | 0.00325% | NSE ₹325 per crore | BSE ₹1 per trade (each side) |
| Equity Futures | 0.0019% | NSE ₹190 per crore | BSE ₹1 per trade (each side) |
| Equity Options | 0.05% | NSE ₹190 per crore | BSE ₹1 per trade (each side) |
| Currency Futures | 0.0009% | NSE ₹110 per crore (0.0011%) |
| Currency Options | 0.04% (on premium) | NSE ₹4000 (on premium) per crore (0.040%) |
| Commodity | 0.0005% | Non-Agri ₹260 (0.0026%) | Agri ₹175 per Crore |
Stoxkart or SAMCO Exposure Margin
| Stoxkart | SAMCO | |
| Equity Delivery | 1x (no margin) | |
| Equity Intraday | Up to 25x | Normal Orders: 3x to 15x | CO & BO: Up to 33x |
| Equity Futures | Up to 2.5x | Intraday- 40% (2.5x), Carry forward- 100%(1x) of Total margin (Span+ Exposure) |
| Equity Options | Up to 7x | Intraday- 40% (2.5x), Carry forward- 100%(1x) of Total margin (Span+ Exposure) |
| Currency Futures | Up to 2.5x | Intraday – 50% (2.5x), Carry forward – 100%(1x) of Total margin (Span+ Exposure) |
| Currency Options | Up to 2x | Intraday – 50% (2.5x), Carry forward – 100%(1x) of Total margin (Span+ Exposure) |
| Commodity Futures | Up to 2.5x | Intraday – 40% (2.5x), Carry forward – 100%(1x) of Span |
| Commodity Options |
Also Read: SAMCO Margin Calculator Online
Stoxkart VS SAMCO Feature Comparison
| Stoxkart | SAMCO | |
| 3 in 1 Account | No | No |
| Charting | Yes | Yes |
| SMS Alerts | Yes | No |
| Online Demo | No | Yes |
| Online Portfolio | Yes | No |
| Margin Trading Funding Available | Yes | |
| Trading Platform | Stoxkart Desktop | OMNESYS NEST, StockNote |
| Overall Review | 3.2 /5 | 3.6 / 5 |
Stoxkart VS SAMCO Investment Options
| Stoxkart | SAMCO | |
| Stock / Equity | Yes | Yes |
| Commodity | Yes | Yes |
| Currency | Yes | Yes |
| Initial Public Offers (IPO) | No | No |
| Mutual Funds | No | No |
| Bond / NCD | No | |
| Debt | No | No |
| Other Investment Options |
Stoxkart or SAMCO Research Report
| Stoxkart | SAMCO | |
| Daily Market Report | No | |
| Free Tips | Yes | No |
| Quarterly Result Analysis | No | No |
| News Alerts | No | No |
Stoxkart VS SAMCO for Investor Type
| Stoxkart | SAMCO | |
| Casual Investor | ||
| Active Investor | Yes | |
| Trader | Yes | Yes |
Stoxkart VS SAMCO Risks & Benefits
| Stoxkart | SAMCO | |
| Benefits | Earn 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. |
| Risks | Trading 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. |
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.
