Stoxkart Vs AxisDirect NRI Account Comparison

The side-by-side comparison of Stoxkart and AxisDirect NRI Account. Compare Stoxkart Vs AxisDirect NRI Account brokerage charges, exposure margin, demat account and AMC. Read AxisDirect and Stoxkart NRI Account reviews.

Find out Stoxkart Vs AxisDirect which is better NRI Trading Account. See Stoxkart Vs AxisDirect which is best NRI Demat Account.

Our Stoxkart by SMC Global Securities Ltd comparison with Axis Securities highlights the major differences between two brokers. Find the best between Stoxkart and AxisDirect NRI Account.

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Stoxkart Vs AxisDirect

  Stoxkart AxisDirect
 
Stoxkart by SMC Global Securities Ltd Logo Axis Securities Logo
About the Broker Stoxkart is an online discount stock broker in India. The Delhi based broker offers trading and investment services to both resident and NRIs. Stoxkart offers 2-in-1 accounts to NRIs which includes trading and a demat account linked to each other. It... Know more about Stoxkart by SMC Global Securities Ltd Axis Bank, the 3rd largest private bank in India, offers a 4-in-1 account to NRI customers. This account is a combination of a PIS & Non-PIS Bank Account, Trading Account, and Demat Account. Axis Bank has 10 international branch offices across the w... Know more about Axis Securities
Account Type NRI Account
Broker Enquiry Open an Online Trading Account with Stoxkart. Leave your contact info and we will get in touch with you. Open an Online Trading Account with AxisDirect. Leave your contact info and we will get in touch with you.
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Stoxkart Vs AxisDirect Charges

  Stoxkart AxisDirect
NRI Account Opening Fees ₹590 ₹2500
NRI Account AMC ₹590 ₹0
NRI Demat Account Opening Fees Rs 0 Rs 0
NRI Demat Account AMC Rs 300 Rs 650
PIS Account AMC
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Stoxkart Vs AxisDirect NRI Account Brokerage Comparison

Brokerage Plan

  Stoxkart AxisDirect
Account Type NRI Account
Equity Delivery ₹200 per executed order 0.75%
Equity Futures ₹200 per executed order 0.05%
Equity Options ₹200 per executed order Intraday: 1p per lot, Carry Forward: ₹10 per lot

Other Charges

Contract Note Reporting Charges
Other Brokerage Charges PIS Acct AMC: ₹1,500, Minimum Brokerage ₹50
TDS Charges on Long Term Gain (Holding > 365 Days) 11.96% 11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days) 17.94% 17.94%
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Stoxkart Vs AxisDirect NRI Account Taxes/Fees

  Stoxkart AxisDirect
Securities Transaction Tax (STT)
  • Equity 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 excersied options)
  • Equity 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 excersied options)
Exchange Transaction Charges Check Exchange Transaction Fee
SEBI Charges 0.00005% (₹5/Crore) 0.00005% (₹5/Crore)
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. 0.01% on delivery based turnover and 0.002% on non-delivery based turnover.
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Stoxkart Vs AxisDirect NRI Account Exposure Margin

  Stoxkart AxisDirect
Equity Delivery 1x 1x
Equity Futures 1x 1x
Equity Options 1x 1x

1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.

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Stoxkart and AxisDirect NRI Account Feature Comparison

  Stoxkart AxisDirect
3-in-1 Account No Yes
Automated Trading No No
Free Research And Tips No Yes
Other Features NRI Account for US and Canada based NRIs
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Stoxkart Vs AxisDirect NRI Account Review

  Stoxkart AxisDirect
  3 Customer Reviews    Rate Stoxkart 71 Customer Reviews    Rate AxisDirect
Fees 3.3 2.0
Brokerage 4.7 1.7
Trading Platform 3.3 2.6
Customer Service 3.0 2.2
Overall Rating Rated 3.3 stars Rated 2.1 stars
Broker Rating Stoxkart is Rated 3.3 / 5 based on 3 customer reviews AxisDirect is Rated 2.1 / 5 based on 71 customer reviews
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Contact Broker / Request A Call Back

  Stoxkart AxisDirect
Contact Broker
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Stoxkart Vs AxisDirect NRI Investment Options

  Stoxkart AxisDirect
Stocks Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds Yes Yes
Other Investment Options
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Stoxkart Vs AxisDirect NRI Customer Service

  Stoxkart AxisDirect
Customer Care Number +91 22 4257 0809
Customer Care Email
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Stoxkart Vs AxisDirect Order Type Offered for NRI Account

  Stoxkart AxisDirect
Bracket Order No Yes
Cover Order No Yes
After Market Order(AMO) Yes
Good Till Cancelled (GTC) Yes
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Stoxkart Vs AxisDirect - NRI Account Advantages and Disadvantages

  Stoxkart AxisDirect
Pros
  1. Good online trading platforms
  2. Charges fixed brokerage of ₹200 per order across segments
  3. Offers POs & Mutual Fund services to NRI customers.
  4. Tie-up with Axis, HDFC, Yes and IndusInd banks for PIS
  5. Services also available for US and Canada based NRIs. Many brokers don't offer services to US and Canada based NRIs due to extra compliance.
  1. Offers 4-in-1 account for fast trading experience.
  2. Offers online Mutual Fund, IPO and NCD services.
  3. One-click Trade through Intelligent Order Entry Panel, a unique integrated order entry panel that informs you on your capital gains before placing the trade.
  4. Access to Trade-Passport, a detachable and secure Order Entry Panel, enables trading while researching on any financial website.
  5. Free trading and investment recommendations.
  6. Assistance from Relationship Managers.
  7. GTC and AMO orders.
  8. A subsidiary of the reputed Axis Bank.
Cons
  1. Doesn't offer 3-in-1 accounts. Only offer trading and demat accounts. So, you have to first transfer funds from your PIS account to the Stoxkart trading account before trading.
  1. The Axis brokerage plans are based on the trading value which makes it expensive over flat-fee brokerage charged by Zerodha, Tradeplus, etc.
  2. Axis does not provide online trading facility to USA based NRI clients.
Conclusion

Stoxkart comes across as a good choice for NRIs looking to invest in stock markets in India. The company offers good proprietary and 3rd party trading platforms and tools. It offers IPO and mutual fund investment services to meet the varied investment needs of NRIs. A simple flat-fee brokerage model of ₹200 per order makes it an attractive proposition for high-volume NRI traders who would have paid a lot more brokerage with a traditional stock broker.

AxisDirect is a good choice as a stock broker for NRIs looking to invest in stocks, derivatives, mutual funds and IPOs in India. The company offers 4-in-1 account and good trading software and investment tools to its customers. Also, the brokerage charges of the company are competitive among full-service brokers. Axis provides many customer-friendly features to NRIs like AMO orders, Call & Trade and Relationship Manager for quick assistance.

Promo / Offers
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Stoxkart Vs AxisDirect - More Reviews

  Stoxkart AxisDirect
NRI Trading Review Stoxkart NRI Account Review AxisDirect NRI Account Review
Enquire Stoxkart Enquire AxisDirect
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