Stoxkart Vs IIFL Comparison:

Here we will talk about the ups and downs of two main stock broking services, Stoxkart and IIFL

Stoxkart

Stoxkart is a Delhi based discount brokerage firm, and is a part of the SMC group, providing consultancy and a stable trading site offering services in investment, mutual funds, depository services and banking.

It has one of the largest Indian client bases. User friendly interface and good, experienced communication system makes it cutting edge. Stoxkart Classic and Stoxkart Pro are two apps of this firm to aid in online trading

IIFL

It is a part of the Indian Infoline Group, and was started in the year 1995. It is registered with both the BSE and NSE for security trading.

It trades in stock, currency, commodities and derivatives in the Indian market and is one of the fastest growing companies in India. It has cutting edge technology for market research and also a highly trained group of market analysts who provide advisory services to its corporate clients. 

Let’s take a closer look at this companies.

Stoxkart Vs IIFL

Overview


StoxkartIIFL
Logostoxkart brokerageiifl
Website URLwww.stoxkart.comwww.iifl.com
About the brokerStoxkart is a Delhi based discount brokerage firm, and is a part of the SMC group, providing consultancy and a stable trading site offering services in investment, mutual funds, depository services and banking.It is a part of the Indian Infoline Group, and was started in the year 1995. It is registered with both the BSE and NSE for security trading. It trades in stock, currency, commodities and derivatives in the Indian market and is one of the fastest growing companies in India. It has cutting edge technology for market research and also a highly trained group of market analysts who provide advisory services to its corporate clients. 
Type of BrokerDiscount BrokerFull-Service Broker
Supported ExchangeNSE, BSE, MCXNSE, BSE, MCX 
Year of Incorporation20191996
Number of Branches2 branches & 12 partner offices900

Stoxkart Vs IIFL Charges


StoxkartIIFL
Trading Account Opening Fees₹500₹750
Trading Account AMC₹300₹0
Demat Account Opening Fees₹354₹555
Demat Account AMC₹300₹ 400 (One time)
Demat Account is Mandatory?NoNo

Stoxkart VS IIFL Brokerage


StoxkartIIFL
Account TypeSingle PlanStandard Account
Equity Delivery Brokerage₹00.50%
Equity Intraday Brokerage₹15 per executed trade0.05%
Equity Futures Brokerage₹30 per executed trade0.05%
Equity Options Brokerage₹30 per executed trade1% of Premium or ₹100 per lot whichever is high
Currency Options Trading Brokerage₹30 per executed trade1% of Premium or ₹100 per lot whichever is high
Commodity Futures Trading Brokerage₹30 per executed trade0.05%
Commodity Options Trading Brokerage₹30 per executed trade
Special Offer
Open a FREE Demat & Trading Account (Save up to ₹1150).

Also Read: Stoxkart Brokerage Calculator Online

Other Charges


StoxkartIIFL
Minimum Brokerage Charges₹0₹0.05 per share
Other Brokerage Charges₹0Advisory SMS- ₹50 per month
Call & Trade Charges₹20 per executed trade₹50 per call

Also Read: IIFL Brokerage Calculator Online

Taxes & other Government Charges


StoxkartIIFL
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.

Stoxkart Vs IIFL Transaction Charges


StoxkartIIFL
Equity Delivery0.00325%0.00325%
Equity Intraday0.00325%0.00325%
Equity Futures0.0019%0.0021%
Equity Options0.05%0.051% (on premium)
Currency Futures0.0009%0.0021%
Currency Options0.04% (on premium)0.051% (on premium)
Commodity0.0005%0.0028%

Stoxkart Vs IIFL Exposure Margin


StoxkartIIFL
Equity Delivery
Up to 3x with 18% interest per year
Equity IntradayUp to 25xUp to 20x
Equity FuturesUp to 2.5xUp to 3x
Equity OptionsUp to 7x3X for shorting
Currency FuturesUp to 2.5xUp to 2x
Currency OptionsUp to 2x2x for shorting
Commodity FuturesUp to 2.5xUp to 3x
Commodity Options

Also Read: IIFL Margin Calculator Online

Stoxkart VS IIFL Feature Comparison


StoxkartIIFL
3 in 1 AccountNoNo
ChartingYesYes
SMS AlertsYesYes
Online DemoNoYes
Online PortfolioYesYes
Margin Trading Funding Available
Yes
Trading PlatformStoxkart DesktopTT Exe,
TT Web,
IIFL Markets
Overall Review3.2 /52.7 / 5 

Stoxkart VS IIFL Investment Options


StoxkartIIFL
Stock / EquityYesYes
CommodityYesYes
CurrencyYesYes
Initial Public Offers (IPO)NoYes
Mutual FundsNoYes
Bond / NCDNoYes
DebtNoYes
Other Investment Options

Also Read: Stoxkart Vs Master Trust Comparison

Stoxkart Vs IIFL Research Report


StoxkartIIFL
Daily Market Report
Yes
Free TipsYesYes
Quarterly Result AnalysisNoYes
News AlertsNoYes
open stoxkart demat account

Stoxkart Vs IIFL for Investor Type


StoxkartIIFL
Casual Investor
Yes
Active InvestorYes
TraderYes

Stoxkart Vs IIFL Risks & Benefits  


StoxkartIIFL
BenefitsBrokerage fees to be paid only if you earn.
Research reports in-detail.
Great intraday exposure.
Huge number of branches.A wide range of financial products and services available.
RisksTrading platforms need more features.
Higher account opening charges.3 in 1 account not available.
3 in 1 account not available.SMS alerts are high priced.

Final Words

Every stock broker firm has some benefits and some shortcomings. As the money is yours, don’t be so fast on relying solely on these firms, whether it be Stoxkart or IIFL. Invest in these firms only after you know about the benefits and the risks of these fields. Stoxkart Vs IIFL, whatever be the answer to your investment, choose wisely and get super returns.