Stoxkart is a part of SMC group and is based in Delhi. It is a financial brokerage firm which is growing at a fast pace in the country. It is basically a discount broking arm of SMC Global.
Angel broking on the other hand is India’s one of the top full-service broker which gives full-support to traders while trading.
Here is a side-by-side comparison of both of them so that the traders can decide which one of the two is the best for them.
Both the brokers are compared on the following aspects:
- Company Overview
- Demat Account
- Brokerage and other charges
- Exposure or Margin
- Trading Platforms
| COMPANY OVERVIEW | |||
| Particulars | Angel Broking | Stoxkart | |
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| About | Angel Broking is one of India’s largest full-service brokers which was incorporated in the year 1987. It offers investment and trading services in stocks, commodities, investment advisory, and margin funding to name a few. | Stoxkart is a part of the SMC Group, a Delhi based financial brokerage firm that is growing at a fast pace in India and offers various trading platforms for trading at competitive prices. | |
| Incorporation Year | 1987 | 2019 by SMC | |
| Broker Type | Full-Service Broker | Discount Broker | |
| Exchanges Supported | BSE, NSE, MCX and NCDEX | NSE, BSE, MCX | |
| Founder | Dinesh Thakkar | Pranay Aggarwal | |
| Company Type | Private | Private | |
| ACCOUNT OPENING CHARGES | |||
| Source Depository | CDSL | CDSL and NSDL | |
| Demat Account opening charges | Zero | Rs.354 | |
| Trading Account Opening Charges | Zero | Rs.300 | |
| Demat Account AMC | Rs.300 p.a. | Rs.300 p.a. | |
| Trading AMC Charges | Free | Rs.300 | |
| BROKERAGE AND OTHER CHARGES | |||
| Equity Delivery Brokerage | Free | Free | |
| Equity Intraday Brokerage | Flat Rs.20 per executed order | Rs.15 per executed order | |
| Equity Futures Brokerage | Flat Rs.20 per executed order | Rs.15 per executed order | |
| Equity Option Brokerage | Flat Rs.20 per executed order | Rs.15 per executed order | |
| Currency Futures Brokerage | Flat Rs.20 per executed order | Rs.15 per executed order | |
| Currency Options Brokerage | Flat Rs.20 per executed order | Rs.15 per executed order | |
| Commodity Futures Brokerage | Flat Rs.20 per executed order | Rs.15 per executed order | |
| Commodity Options Brokerage | Flat Rs.20 per executed order | Rs.15 per executed order | |
| TRANSACTION CHARGES | |||
| Equity Delivery | NSE Rs.325 per Cr (0.00325%) | BSE Rs.300 per Cr (0.003%) (each side) | NSE Rs.325 | BSE Rs.300 per Cr (0.003%) | |
| Equity Intraday | NSE Rs.325 per Cr (0.00325%) | BSE Rs.300 per Cr (0.003%) (each side) | NSE Rs.325 | BSE Rs.300 per Cr (0.003%) | |
| Equity Futures | NSE Rs.190 per Cr (0.0019%) | BSE Rs.300 per Cr (0.003%) (each side) | NSE Rs.190 per Cr (0.0019%) | BSE Rs.50 per Cr of trade value | |
| Equity Options | NSE Rs.5000 per Cr (0.05%) | BSE Rs.300 per Cr (0.003%) (on premium) | NSE Rs.5000 per Cr (0.05%) | BSE Rs.50 per Cr of trade value | |
| Currency Futures | Rs.190 per Cr (0.0019%) | NSE: 0.0009% | BSE Rs.22 per Cr of trade value | |
| Currency Options | NSE Rs.5000 per Cr (0.05%)(on premium) | NSE: 0.04% (on premium) | BSE Rs.100 per Cr of trade value | |
| Commodity | MCX Rs.150 per Cr (0.0015%) | NCDEX Rs.300 per Cr (0.003%) | 0.001% | |
| EXPOSURE OR MARGIN | |||
| Equity |
Intraday: Up to 10 times Delivery: Up to 3 times |
Up to 25 times Intraday | |
| Equity Futures | Intraday: Up to 4 times | Intraday: Up to 2.5 times | |
| Equity Options | Intraday Selling: Up to 3 times No Margin for Buying | Intraday: Up to 7 times | |
| Currency Futures | Intraday: Up to 2 times | Intraday: Up to 2.5 times | |
| Currency Options | Intraday Selling: Up to 2 times No Margin for Buying | Intraday: Up to 2 times | |
| Commodities | Intraday: Up to 3 times | Intraday: Up to 2.5 times | |
| TRADING PLATFORMS | |||
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| Desktop Browser Platform | |
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| Mobile Site | |
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| Android App | |
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| Windows App platform | |
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| Other mobiles OS platform | |
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| Real Time Updates | |
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| Portfolio Details | |
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| Online MF Purchase | |
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| Research Reports | |
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| SMS Alerts | |
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| Email Alerts | |
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| Multi Account Management | |
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SMC’s Stoxkart is a relatively new discount broking arm started only recently by SMC, which is an old firm. While angel broking is into both full-service and discount broking as well, Stoxkart is only a discount broker.
It is better for the investors to conduct a thorough research at their end before choosing the right broker for themselves.
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