Stoxkart VS SBICAP Securities Comparison:
Here in this article we will discuss about the ups and downs, advantages and risks of these two companies.
Stoxkart
Stoxkart, initially based on the Delhi NCR region, is a part of the SMC group, and provides commodity, derivatives and other stock broking services to customers at very low and competitive prices.
It has one of the largest client bases in India, it’s quite popular for its user-friendly interface and communication technology.
It provides two apps by the name of Stoxkart Classic and Stoxkart Pro, and there is also a specialised branch called Stoxmf, which specialises on mutual fund investments.
SBICAP Securities
It is the stock brokerage facility of the SBI group and deals in currency, commodities, equity, derivatives and mutual funds. It has a quite huge active client base and it provides web portal called SBI Smart which is the online platform of the company. It is also depository members with CSDL and NSDL.
NRIs living in US, UK, Canada and Japan can also avail the services of the firm, and have a 3-in-1 account.
Let’s now have a detailed look at both of them.
Overview
| Stoxkart | SBICAP Securities | |
| Logo |  |  |
| Website URL | www.stoxkart.com | www.sbicaps.com |
| About the broker | Stoxkart, initially based on the Delhi NCR region, is a part of the SMC group, and provides commodity, derivatives and other stock broking services to customers at very low and competitive prices. | It is the stock brokerage facility of the SBI group and deals in currency, commodities, equity, derivatives and mutual funds. It has a quite huge active client base and it provides web portal called SBI Smart which is the online platform of the company. It is also depository members with CSDL and NSDL. |
| Type of Broker | Discount Broker | Full-Service Broker |
| Supported Exchange | NSE, BSE, MCX | NSE, BSE |
| Year of Incorporation | 2019 | 2001 |
| Number of Branches | 2 branches & 12 partner offices | 117 |
Stoxkart & SBICAP Securities Charges
| Stoxkart | SBICAP Securities | |
| Trading Account Opening Fees | ₹500 | ₹850 |
| Trading Account AMC | ₹300 | ₹0 |
| Demat Account Opening Fees | ₹354 | ₹0 |
| Demat Account AMC | ₹300 | ₹350 |
| Demat Account is Mandatory? | No | No |
Stoxkart VS SBICAP Securities Brokerage
| Stoxkart Brokerage | SBICAP Securities Brokerage | |
| Account Type | Single Plan | eZ-trade |
| Equity Delivery Brokerage | ₹0 | 0.50% |
| Equity Intraday Brokerage | ₹15 per executed trade | 0.05% |
| Equity Futures Brokerage | ₹30 per executed trade | 0.05% |
| Equity Options Brokerage | ₹30 per executed trade | ₹100 per lot |
| Currency Options Trading Brokerage | ₹30 per executed trade | ₹30 per lot |
| Commodity Futures Trading Brokerage | ₹30 per executed trade | NA |
| Commodity Options Trading Brokerage | ₹30 per executed trade | NA |
| Special Offer |
Other Charges
| Stoxkart | SBICAP Securities | |
| Minimum Brokerage Charges | ₹0 | ₹0.05 for Cash, ₹0.01 Future |
| Other Brokerage Charges | ₹0 | |
| Call & Trade Charges | ₹20 per executed trade | ₹10 per call (after 30 free calls a month) |
Taxes & other Government Charges
| Stoxkart | SBICAP Securities | |
| 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. |
Also Read: Sbicap Securities VS Hdfc Securities Comparison
Stoxkart & SBICAP Securities Transaction Charges
| Stoxkart | SBICAP Securities | |
| Equity Delivery | 0.00325% | NSE: 0.00386% | BSE: 0.00384% |
| Equity Intraday | 0.00325% | NSE: 0.00386% | BSE: 0.00384% |
| Equity Futures | 0.0019% | NSE: 0.002206% (₹221/Crore) |
| Equity Options | 0.05% | NSE: 0.05515% (₹5515/Crore) |
| Currency Futures | 0.0009% | 0.002206% |
| Currency Options | 0.04% (on premium) | NSE: 0.05515% (₹5515/Crore) |
| Commodity | 0.0005% |
Stoxkart or SBICAP Securities Exposure Margin
| Stoxkart | SBICAP Securities | |
| Equity Delivery | 2x with Interest | |
| Equity Intraday | Up to 25x | Up to 5X |
| Equity Futures | Up to 2.5x | Nil |
| 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 |
| Commodity Options |
Also Read: Stoxkart Margin Calculator
Stoxkart VS SBICAP Securities Feature Comparison
| Stoxkart | SBICAP Securities | |
| 3 in 1 Account | No | Yes |
| Charting | Yes | No |
| SMS Alerts | Yes | Yes |
| Online Demo | No | Yes |
| Online Portfolio | Yes | Yes |
| Margin Trading Funding Available | No | |
| Trading Platform | Stoxkart Desktop | SBI Smart Express, SBI Smart Web, SBI Smart Mobile |
| Overall Review | 3.2 /5 | 2.6 / 5 |
Stoxkart VS SBICAP Securities Investment Options
| Stoxkart | SBICAP Securities | |
| Stock / Equity | Yes | Yes |
| Commodity | Yes | No |
| Currency | Yes | Yes |
| Initial Public Offers (IPO) | No | Yes |
| Mutual Funds | No | Yes |
| Bond / NCD | No | Yes |
| Debt | No | Yes |
| Other Investment Options |
Stoxkart or SBICAP Securities Research Report
| Stoxkart | SBICAP Securities | |
| Daily Market Report | Yes | |
| Free Tips | Yes | Yes |
| Quarterly Result Analysis | No | Yes |
| News Alerts | No | Yes |
Stoxkart VS SBICAP Securities for Investor Type
| Stoxkart | SBICAP Securities | |
| Casual Investor | Yes | |
| Active Investor | Yes | |
| Trader | Yes |
Stoxkart VS SBICAP Securities Risks & Benefits
| Stoxkart | SBICAP Securities | |
| Benefits | Brokerage fees to be paid only if you earn. Research reports are detailed. High intraday exposure. | 3 in 1 account available.Online as well offline services available through branches.Huge range of investment options.Research reports free. |
| Risks | Trading platforms need working on. Quite high account opening charges.3 in 1 account not available. | Brokerage is very high.Trading in Commodities unavailable. |
Final words
Thus, we here have provided a detailed analysis of the policies, services and finances of the two stock broking firms: Stoxkart and SBICAP Securities.
However, an open market is a subject of risk and thus it’s recommended to tread carefully into this.
Only invest your money while you are aware of every risks and benefits to the depth and is willing to take the chance. Whatever be your pick, Stoxkart Vs SBICAP Securities, hope you make some easy money and huge profits.
