Stoxkart Vs Wisdom Capital: Stoxkart is a part of SMC group, which is a Delhi based discount brokerage firm, which provides consultancy and a stable trading platform for trading at very competitive prices. It is one of the top broking platforms in India in terms of active client base.
It also provides apps by the name of Stoxkart Classic and Stoxkart Pro which is supported on both android and iOS platforms. The features of the appare :-
- Consultancy based on extensive financial
- Investment in mutual funds
- User friendly interface
- Financial services based on one’s goals
Stoxmf is a specialised facility which helps people toinvest into mutual funds, only after informing the customers about the nature and risks of the open market.
Wisdom Capital a discount brokerage firm, formed recently in 2013, and is a part of the Ashler group of companies. Wisdom Capital offers heavilydiscounted trades to its clients without any hidden charges.It has several partners with NSE, BSE and MCX thus providing people services on :-
- Mutual funds
- Depository services
It’s active client base is much smaller when compared to stoxkart and other trending brooking platforms.
It provides three apps by the names of BSE BOLT, NEST TRADER, NSE NOW which are supported in both android and iOS platforms.
Let’s now have a detailed look at both of them.
|About the broker||Stoxkart is a part of SMC group, which is a Delhi based discount brokerage firm, which provides consultancy and a stable trading platform for trading at very competitive prices. It is one of the top broking platforms in India in terms of active client base.||Wisdom Capital a discount brokerage firm, formed recently in 2013, and is a part of the Ashler group of companies. Wisdom Capital offers heavily discounted trades to its clients without any hidden charges.|
|Type of Broker||Discount Broker||Discount Broker|
|Supported Exchange||NSE, BSE, MCX||BSE, NSE, MCX, NCDEX|
|Year of Incorporation||2019||2013|
|Number of Branches||2 branches& 12 partner offices||250|
Stoxkart Vs Wisdom Capital Charges Compare
|Trading Account Opening Fees||₹500||₹0|
|Trading Account AMC||₹300||₹0|
|Demat Account Opening Fees||₹354||₹0 (Free)|
|Demat Account AMC||₹300||₹999 (Lifetime)|
|Demat Account is Mandatory?||No||No|
Stoxkart Vs Wisdom Capital Brokerage Comparison
Brokerage Plan 1
|Stoxkart Brokerage||Wisdom Capital Brokerage|
|Account Type||Single Plan||Pro Plan|
|Equity Delivery Brokerage||₹0||₹9 per executed order|
|Equity Intraday Brokerage||₹15 per executed trade||₹9 per executed order|
|Equity Futures Brokerage||₹30 per executed trade||₹9 per executed order|
|Equity Options Brokerage||₹30 per executed trade||₹9 per executed order|
|Currency Options Trading Brokerage||₹30 per executed trade||₹9 per executed order|
|Commodity Futures Trading Brokerage||₹30 per executed trade||₹9 per executed order|
|Commodity Options Trading Brokerage||₹30 per executed trade||₹9 per executed order|
Brokerage Plan 2
|Account Type||Single Plan||Freedom Plan|
|Equity Delivery Brokerage||₹0||₹0|
|Equity Intraday Brokerage||₹15 per executed trade||₹0|
|Equity Futures Brokerage||₹15 per executed trade||₹0|
|Equity Options Brokerage||₹15 per executed trade||₹0|
|Currency Options Trading Brokerage||₹15 per executed trade||₹0|
|Commodity Futures Trading Brokerage||₹15 per executed trade||₹0|
|Commodity Options Trading Brokerage||₹15 per executed trade||₹0|
|Minimum Brokerage Charges||₹0|
|Other Brokerage Charges||₹0|
|Call & Trade Charges||₹20 per executed trade||₹20 per executed trade|
Taxes & other Government Charges
|Securities Transaction Tax (STT)||0.0126% of total turnover||0.0126% of total turnover|
|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 Vs Wisdom Capital Transaction Charges
|Equity Options||0.05%||0.06% (on premium)|
|Currency Options||0.04% (on premium)|
Stoxkart Vs Wisdom Capital Exposure Margin
|Stoxkart margin||Wisdom Capital margin|
|Equity Delivery||5x to 40x (dependent on brokerage plan)|
|Equity Intraday||Upto 25x||5x to 40x (dependent on brokerage plan)|
|Equity Futures||Upto 2.5x||5x to 40x (dependent on brokerage plan)|
|Equity Options||Upto 7x||5x to 40x (dependent on brokerage plan)|
|Currency Futures||Upto 2.5x||4x to 15x (dependent on brokerage plan)|
|Currency Options||Upto 2x||4x to 15x (dependent on brokerage plan)|
|Commodity Futures||Upto 2.5x||5x to 20x (dependent on brokerage plan)|
Stoxkart Vs Wisdom Capital Feature Comparison
|3 in 1 Account||No||No|
|Margin Trading Funding Available||Yes|
|Trading Platform||Stoxkart Desktop||NEST|
|Overall Review||3.2 /5||3.6 / 5|
Stoxkart Vs Wisdom Capital Investment Options
|Stock / Equity||Yes||No|
|Initial Public Offers (IPO)||No||No|
|Bond / NCD||No||No|
|Other Investment Options|
Stoxkart & Wisdom Capital Research Report
|Daily Market Report||Yes|
|Quarterly Result Analysis||No||No|
Stoxkart Vs Wisdom Capital for Investor Type
|Benefits||Pay brokerage fees only when you earn.|
You get detailed research reports from SMC.
Intraday exposure is huge.
|It allows you to trade all market segments from one place.|
Trading at NSE, BSE and MCX has never been easier will all the monthly plans available.
Free trading software’s like desktop and mobile apps.
Zero minimum brokerage.
Nifty trading (1 Lot) in 3000, crude (1 Lot) in 3000 and Mega Gold with 9000 margin allowed,
Semi-automatic and fully automatic algo trading facility is available
|Cons||Not much updated trading platforms|
Account opening charges are high.
Improvements required in trading platform UI.
|There is no facility for investing in an initial public offering (IPO), mutual fund, Follow on Public Offer (FPO), Fixed Deposit (FD), and Offer for Sale (OFS).|
Algo trading is chargeable at ₹550 per month.
Doesn’t matter which broking platforms we use,which services we opt for, an open market is always full of gambles and risks.Investment without proper consultation andextensive information may lead to adverse financial crisis. Thus, just to help you out a bit, there is this article on Stoxkart vs Wisdom Capital. Choose Wisely!