Stoxkart VS Swastika Investmart 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 now a no. of service centers 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.
Swastika Investmart Ltd, also known as Swastika Fin-Lease Ltd was initially started in the year 1992. It has memberships in CSDL and NSDL and also provide services under NSE and BSE.
It operates in the commodity, stock, and equity sections of the market. There are both Trading and Demat account opening charges and also annual maintenance charges of this firm.
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.||Swastika Investmart Ltd, also known as Swastika Fin-Lease Ltd was initially started in the year 1992. It has memberships in CSDL and NSDL and also provide services under NSE and BSE.|
|Type of Broker||Discount Broker||Full-service Broker|
|Supported Exchange||NSE, BSE, MCX||NSE, BSE, MCX-SX, MCX, NCDEX|
|Year of Incorporation||2019||1992|
|Number of Branches||2 branches & 12 partner offices||31|
Stoxkart & Swastika Investmart Charges
|Trading Account Opening Fees||₹500||₹250|
|Trading Account AMC||₹300||₹0|
|Demat Account Opening Fees||₹354||₹250|
|Demat Account AMC||₹300||₹0|
|Demat Account is Mandatory?||No||No|
Stoxkart VS Swastika Investmart Brokerage
|Stoxkart Brokerage||Swastika Investmart Brokerage|
|Account Type||Single Plan|
|Equity Delivery Brokerage||₹0||0.2% -Negotiable|
|Equity Intraday Brokerage||₹15 per executed trade||0.02%-Negotiable|
|Equity Futures Brokerage||₹30 per executed trade||0.02%-Negotiable|
|Equity Options Brokerage||₹30 per executed trade||₹25 per lot|
|Currency Options Trading Brokerage||₹30 per executed trade||₹25 per lot|
|Commodity Futures Trading Brokerage||₹30 per executed trade||0.02% -Negotiable|
|Commodity Options Trading Brokerage||₹30 per executed trade|
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 or Swastika Investmart Margin / Exposure
|Stoxkart Margin||Swastika Investmart|
|Equity Delivery||Up to 2X|
|Equity Intraday||Up to 25x||Up to 6X|
|Equity Futures||Up to 2.5x||Up to 3X|
|Equity Options||Up to 7x||Up to 5X|
|Currency Futures||Up to 2.5x||Up to 2X|
|Currency Options||Up to 2x||Up to 2X|
|Commodity Futures||Up to 2.5x||Up to 2X|
Stoxkart VS Swastika Investmart Feature Comparison
|3 in 1 Account||No||No|
|Margin Trading Funding Available||Yes|
|Trading Platform||Stoxkart Desktop||Justrade Pro, |
|Overall Review||3.2 /5||2.8 / 5|
Stoxkart VS Swastika Investmart Investment Options
|Stock / Equity||Yes||Yes|
|Initial Public Offers (IPO)||No||No|
|Bond / NCD||No||Yes|
|Other Investment Options||Yes||Yes|
Stoxkart or Swastika Investmart Research Report
|Daily Market Report||No||Yes|
Stoxkart VS Swastika Investmart for Investor Type
Stoxkart VS Swastika Investmart Risks & Benefits
|Benefits||Pay only on earning.|
Detailed research reports.
High intraday exposure.
|Quite an old company in stockbroking.|
Research is free.
Online trading is easy.
|Risks||Improvement needed in Trading platforms.|
A quite costly account opening charges.
3 in 1 account not available.
|3 in 1 account not available.|
Chargeable Demat Account.
Technology needs improvements.
Thus, this article helps our customers to verify and compare the policies of Stoxkart and Swastika Investmart, 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. Happy money-making to you.