Offline and Special Account Types
Q1. Are NRIs allowed to open an account on Stoxkart?
Yes, NRIs are allowed to open an account on Stoxkart. To complete the process, NRIs must have:
A valid Portfolio Investment Scheme (PIS) approval from an RBI-authorized bank
An NRE or NRO bank account linked with the trading setup
Required documents: PAN, passport/visa or OCI, overseas and Indian address proofs
Q2. Do you support HUF accounts?
Yes, Stoxkart supports HUF accounts, but the account must be opened through the offline KYC process. You must download and complete the HUF-specific account opening form, which includes a declaration section listing all co-parceners and requires the Karta's signature.
Documents required:
Bank statement for last 6 months (last entry should not be older than 3 months)
Demat account holding statement (with value and duly stamped by DP)
Latest Income Tax Return (ITR)
Latest net worth certificate by CA/CS
Latest annual accounts
Q3. How does the offline KYC process work? Does Stoxkart have one?
Yes, Stoxkart offers an offline KYC process. Here's how it works:
Download the Account Opening Form: Visit Stoxkart's official website to download the offline Demat & Trading Account Opening Form
Fill out the form: Complete the form manually with required documents including PAN card, Aadhaar/address proof, passport-size photo, bank proof (cancelled cheque), and income proof (for F&O or commodity segments, if applicable)
Courier Documents: Send the duly filled and signed form along with documents to:
Stoxkart Limited 11/6B, Shanti Chamber, Pusa Road, New Delhi – 110005Account Activation: Once documents are verified, your trading and Demat accounts will be created. Typically, your account will be activated within 24–48 working hours after documents reach Stoxkart and pass verification.
Order & Product Types
Q1. What are the different order types available on Stoxkart?
Stoxkart offers the following order types:
Market Order: Buy or sell instantly at the current market price
Limit Order: Set a specific price — the trade executes only when that price is available
Stop Loss Order (SL): Helps limit losses by triggering a buy/sell when your set price is reached
Stop Loss Market Order (SL Market): Works like Stop Loss, but executes at market price once triggered
Cover Order (CO): For intraday trades with compulsory stop loss, reduces risk and provides higher margin
Bracket Order (BO): Place a trade with both a profit target and stop loss, ideal for day traders
Q2. What product types can I choose from while placing orders on Stoxkart?
Product types determine how long you want to hold a stock and whether you're using margin:
CNC (Cash and Carry): For long-term investing. You buy shares and hold them in your demat account
MIS (Margin Intraday Square-off): For same-day trading. You get extra margin, but all positions must be closed before market close
MTF (Margin Trading Facility): You buy shares but pay only part of the amount; the rest is funded by Stoxkart
Normal/NRML: Mostly for Futures & Options. You can carry these trades overnight
Q3. What do Intraday, Delivery, CNC, MIS, MTF, Normal, and Margin mean on Stoxkart?
Here's a breakdown:
Trade Types:
Intraday: Buy and sell the same stock on the same day for quick trades
Delivery: Buy and hold for more than one day, good for long-term investment
Product Types:
CNC (Cash & Carry): Delivery trading. You pay the full amount and keep the stock in your demat account
MIS (Margin Intraday Square-off): For intraday trades. You get more buying power by paying only margin, and your position closes automatically by day-end
MTF (Margin Trading Facility): Buy shares and pay later. Stoxkart provides a loan for trading, allowing you to pay in parts
Normal (NRML): Mostly used for Futures & Options. You can keep the trade open for more than one day
Margin: The money you need to keep aside to place a trade, like a minimum balance for trading