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Stoxkart Vs SMC Global: Side By Side Comparison Of The Two Big names In Indian

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Stoxkart Vs SMC Global Comparison:

Stoxkart

Stoxkart, a discount brokerage firm based in Delhi NCR have made its name in the Indian stock market scenario. It has cutting edge technology in communication and advisory, assistance and services in equity, currency and commodities.

It provides two apps called Stoxkart Classic and Stoxkart Pro, which helps trading online. It has a special branch called Stoxmf which helps in mutual fund investments, and a specialised group of assistants to help on the go.

SMC Global 

SMC Global, it is one of the firms having exposure to both the Indian and Foreign market, through offices in Dubai. It was initially started in the year 1994, and now have more than 50 offices across India.

It has a very huge active client base and its online portal is one stop solution for all your market trading. It is members with BSE, NSE and MCX and allows trading in currency, commodities, derivatives and equity.

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

Overview

StoxkartSMC Global
Logostoxkart brokeragesmc
Website URLwww.stoxkart.comwww.smctradeonline.com
About the brokerStoxkart, a discount brokerage firm based in Delhi NCR have made its name in the Indian stock market scenario. It has cutting edge technology in communication and advisory, assistance and services in equity, currency and commodities.SMC Global, it is one of the firms having exposure to both the Indian and Foreign market, through offices in Dubai. It was initially started in the year 1994, and now have more than 50 offices across India.
Type of BrokerDiscount BrokerFull-Service Broker
Supported ExchangeNSE, BSE, MCXNSE, BSE, MCX, NCDEX 
Year of Incorporation20191994
Number of Branches2 branches & 12 partner offices2450
Stoxkart Vs SMC Global Review

Stoxkart & SMC Global Charges

StoxkartSMC Global
Trading Account Opening Fees₹500₹0
Trading Account AMC₹300₹0
Demat Account Opening Fees₹354₹499
Demat Account AMC₹300₹300
Demat Account is Mandatory?NoNo

Stoxkart VS SMC Global Brokerage

Stoxkart BrokerageSMC Global Brokerage
Account TypeSingle Plan
Equity Delivery Brokerage₹00.3%
Equity Intraday Brokerage₹15 per executed trade0.03%
Equity Futures Brokerage₹30 per executed trade0.03%
Equity Options Brokerage₹30 per executed trade₹70 per lot
Currency Options Trading Brokerage₹30 per executed trade₹20 per lot
Commodity Futures Trading Brokerage₹30 per executed trade0.03%
Commodity Options Trading Brokerage₹30 per executed trade
Special Offer

Other Charges

StoxkartSMC Global
Minimum Brokerage Charges₹0₹25 per trade or 2.5% of the trade value whichever is lower.
Other Brokerage Charges₹0
Call & Trade Charges₹20 per executed trade

Taxes & other Government Charges

StoxkartSMC Global
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.

Also Read: 5Paisa vs SMC Global: A Comparison of Two Successful Stock Brokers

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Stoxkart & SMC Global Transaction Charges

StoxkartSMC Global
Equity Delivery0.00325%0.0035%
Equity Intraday0.00325%0.0035%
Equity Futures0.0019%0.0029%
Equity Options0.05%0.065% (on premium)
Currency Futures0.0009%0.0029%
Currency Options0.04% (on premium)0.065% (on premium)
Commodity0.0005%0.0030%

Stoxkart or SMC Global Exposure Margin

StoxkartSMC Global
Equity DeliveryUp to 3X
Equity IntradayUp to 25xUp to 10X
Equity FuturesUp to 2.5xUp to 2X
Equity OptionsUp to 7xNA
Currency FuturesUp to 2.5xNA
Currency OptionsUp to 2xNA
Commodity FuturesUp to 2.5xUp to 2X
Commodity Options

Also Read: SMC Global Margin Calculator Online

Stoxkart VS SMC Global Feature Comparison

StoxkartSMC Global
3 in 1 AccountNoNo
ChartingYesYes
SMS AlertsYesYes
Online DemoNo
Online PortfolioYesYes
Margin Trading Funding Available
Trading PlatformStoxkart DesktopSMC Privilege, Easy Trader, Mobitrader, Tab Trader
Overall Review3.2 /53.9 / 5 

Stoxkart VS SMC Global Investment Options

StoxkartSMC Global
Stock / EquityYesYes
CommodityYesYes
CurrencyYesYes
Initial Public Offers (IPO)NoYes
Mutual FundsNoYes
Bond / NCDNoYes
DebtNoYes
Other Investment OptionsInsurance

Stoxkart or SMC Global Research Report

StoxkartSMC Global
Daily Market ReportYes
Free TipsYesYes
Quarterly Result AnalysisNoYes
News AlertsNoYes

Stoxkart VS SMC Global for Investor Type

StoxkartSMC Global
Casual Investor
Active InvestorYesYes
TraderYesYes
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Stoxkart VS SMC Global Risks & Benefits  

StoxkartSMC Global
BenefitsDon’t earn don’t pay on brokerage fees.
Research reports in-detail.
Impressive intraday exposure.
High number of branches.AMO and BTST orders can be placed.Investment in IPO available.
Trading account is free.
RisksTrading platforms need work.
Account opening charges high.3 in 1 account not available.
3 in 1 account not available.NSE trading unavailable in mobile.Extra fee is charged for featured products.
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Final words

Thus, this article helps our readers to deal with the ups and downs, pros and cons of the two stock brokers, Stoxkart and SMC Global. The variable nature of the market is quite a gamble for anyone, and thus investment should only be done after knowing in depth, the field you are treading into. Stoxkart Vs SMC Global, whatever be the solution to your problem, choose wisely and make good money.

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