Stoxkart vs Upstox vs Groww

Groww is a popular, SEBI registered investment adviser. All personal information entered on the platform is stored using 256-bit encryption. Also, all transactions are done through Asset management companies (AMCs) for mutual funds & Bombay Stock Exchange (BSE) for stocks, which means that at no stage does your money reach the company itself.

The Demat account and trading account opening charges with Groww are free. The annual maintenance charge is also free. Additionally, there is no margin money requirement. 

Groww charges an Rs.20 per order or 0.05% whichever is low for Equity Delivery, Equity Intraday, Equity Futures, Equity Options. Commodity & Currency trading is presently not available with Groww.

Groww is a discount broker which is aimed at providing modern online-based financial solutions to its clients at a minimal cost.

Upstox account is a 2-in-1 account. It is a combination of a trading and a demat account. The trading account gives you access to stock exchanges like NSE, BSE and MCX etc. And the demat account is used to hold securities like stocks, mutual funds etc.

The upstox account allows investors to trade in stocks, equity derivatives, currency and commodities. It also offers online mutual fund investment in a lump sum or SIP way.

You can open the Upstox account in 2 easy ways:

1.      Upstox Online Account Opening

• Click on to open an account

•  Enter your Email Address and Mobile Number.

•  Fill in your personal details and bank details.

• Review, confirm and submit the application.

2.      Upstox Offline Account Opening

•  Visit Upstox website, Go to 'Support'

• Click 'Download Forms'

• Click 'Demat & Trading Account'

• Print the form

• Fill and sign the form.

• Attach all the required documents.

• Courier the filled form to Upstox registered office. 

Upstox offers brokerage free equity delivery trading. For all other segments, it charges flat Rs. 20 or 0.01% per executed order. Also, customers have to pay government taxes, exchange turnover charges, demat debit transaction fees etc. Click the link to know more about Upstox brokerage charges.

Stoxkart is an online discount broker which is part of SMC Global, a reputed and diversified financial services company in India. Stoxkart is a SEBI registered broker, a depository participant of CDSL and is a member of BSE, NSE, and MCX. The transactions of the Stoxkart are regularly monitored by SEBI and stock exchanges. 

It has no major regulatory violations reported till now. Hence, it would be safe to say that Stoxkart is safe and reliable for investing.

Opening a trading/demat account with stoxkart can be done through both online as well as offline. However, the online way is the most preferred as it is quick and hasslefree.

Online Account Opening Process:

1. Visit Stoxkart’s official website and go to the Demat account opening page. 

2. You will be asked to enter your email id and phone number. After entering the details, click on the Open Account option.

3. After this, enter the basic information and click on ‘Signup’.

4. Keep the scanned copies of the essential documents ready.

5. To know more about online account opening process click here.

Offline account opening process:

1. Go to the Stoxkart website and download the Stoxkart demat account opening form. You can also visit any of your nearest Stoxkart branches to get the form. 

2. Fill all the required details in the form and attach the required documents.

3. Next, you will be required to sign an agreement with your broker which would state your responsibilities as a trader. Make sure you keep this document safe in case it is needed later on. 

4. After completing all the above steps, send the account opening form and the relevant documents to the registered office of Stoxkart.

Stoxkart charges zero brokerage for equity delivery trading. For other segments, it charges a flat Rs. 15 on per order executed. On intraday trades, Stoxkart charges a brokerage fee of Rs. 15 per order only when a customer earns profit from the trade. No brokerage is charged on intraday trades where customers lose money. Additionally, Stoxkart also charges other charges like transaction fees, clearing charges, SEBI charges, etc., which depend upon the product segment you are trading in and your transaction value.