Stoxkart - Safe, Reliable & Trustworthy Broker

Stoxkart is a safe and reliable online discount stock broker in India. The company is part of SMC Global, a reputed a diversified financial services company in India. It has a low client to complaint ratio, no major regulatory violations and follows a simple brokerage model.

Stoxkart is a SEBI registered broker and depository participant of CDSL. It is a member of BSE, NSE, and MCX. The transactions of the company are regularly monitored by SEBI and stock exchanges. There is no major violation reported for the company till now.

Stoxkart offers trading and investment services across equity, commodity, currency, derivatives, IPOs and mutual funds. The company offers its services online.

Key Facts About Stoxkart

The following are key facts you should know about Stoxkart.

  • Part of SMC Global, a financial service provider since 1990.
  • Online discount broker offering flat-fee brokerage plans.
  • Offers good online trading platforms.
  • Charges zero brokerage on delivery trades,
  • Charge Rs 15 per trade for intraday (only when you make a profit).
  • Charge Rs 15 per trade for F&O in Equity, Currency and Commodity.
  • Brokerage free online mutual fund investment platform.
  • Offers services to NRIs.

Why is Stoxkart safer than other brokers?

  1. Reputed Parent Company

    Stoxkart is part of SMC, a reputed financial services company. SMC has been in the business of investment banking, wealth management, distribution of 3rd party financial products, depository services, insurance broking (life & non-life) etc., since 1990. A strong parent company provides strong financial support and leadership experience to stoxkart.

  2. Simple Pricing Model

    Stoxkart offers a discount brokerage plan wherein it charges a flat Rs 15 per trade across all the segments and exchanges. This plan is easy to understand with no scope for hidden costs. It only charges brokerage on those intraday trades where a customer makes a profit. This brokerage facility will help the company attract intraday traders.

  3. No client securities in the pooled account

    Stoxkart doesn't keep customer's securities in its own pooled account. Every company needs to compulsory open a demat account with the company and all the securities bought by a customer are instantly credited in his/her demat account on settlement.

  4. Lower Complaints to Active Clients Ratio

    Stoxkart's ratio of complaints to active clients is lower in comparison to other stock brokers.

Stoxkart Risks

While Stoxkart is a safe broker, there are few areas of concern you should aware of:

  1. Not Much Information Available in Public Domain

    Stoxkart is a private limited company. Its parent company SMC is also a private limited company. There's not much financial information available about Stoxkart and SMC in the public domain.

  2. Not Much Business Experience in Discount Brokerage

    Stoxkart started as an online discount brokerage arm of SMC in 2019. While the parent company has 30+ years of experience as a traditional broker, they are relatively new to online discount trading. The online ultra-low-cost trading is extremely thin in profitability. It works well only when you have a large customer base.

Stoxkart Memberships

Stoxkart is registered with SEBI and is a member of leading stock exchanges like NSE, BSE, and MCX. Stoxkart is also a DP (Depository Participant) with CDSL and a registered mutual fund distributor.

Stoxkart's various membership details are as follows:

  • Stoxkart Broking Ltd: SEBI Registration no: INZ000196835
  • CDSL: IN-DP-CDSL-120191
  • NSE Member Id: 90161
  • BSE Member Id: 6690
  • MCX Member Id: 56325
  • Mutual Funds Distributor ARN No. 156808


Stoxkart is a safe and reliable discount stock broker in India. The company offers good trading software. It offers an attractive brokerage plan. And, is part of a reputed financial group with over 3 decades of industry experience.

Must Read:

Stoxkart Special Offer

No Profit. No Brokerage

Get free equity delivery trades and pay flat Rs 15 brokerage for Intraday only when you make profit To open an account with Stoxkart leave your contact information.

Frequently Asked Questions

  1. 1. Is Stoxkart a genuine stock broker?

    Yes, Stoxkart is a genuine stock broker. It is an online brand of SMC Global Securities Pvt Ltd, a 30 years old stock broker and financial service provider.

    Stoxkart is a SEBI registered broker. Stoxkart is regularly audited by stock exchanges like BSE, NSE, and MCX. There are no major violations done by the company so far.

    The membership details are as follows:

    • Stoxkart Broking Ltd: SEBI Registration no: INZ000196835
    • CDSL: IN-DP-CDSL-120191
    • NSE Member Id: 90161
    • BSE Member Id: 6690
    • MCX Member Id: 56325
    • Mutual Funds Distributor ARN No. 156808


  2. 2. Who owns Stoxkart?

    Stoxkart is owned by SMC Global Securities Limited, a diversified financial services company. SMC was established in 1990 and is a Delhi based company with interests in retail broking, investment banking, financial analytics, and mortgage advisory etc.

    Stoxkart is an online investment business of SMC Global. It is launched in 2019. With Stoxkart, SMC Global plans to compete with new generation online discount stock brokers like Zerodha and Upstox.


Contact Stoxkart / Request Call Back

Rs 0 Delivery Brokerage + Rs 0 Intraday Trades in Loss. Open a Demat Account in 15 Minutes. Request a Callback

Information on this page was last updated on Tuesday, July 14, 2020


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