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The side-by-side comparison of Stoxkart and Choice Broking NRI Account. Compare Stoxkart Vs Choice Broking NRI Account brokerage charges, exposure margin, demat account and AMC. Read Choice Broking and Stoxkart NRI Account reviews.
Find out Stoxkart Vs Choice Broking which is better NRI Trading Account. See Stoxkart Vs Choice Broking which is best NRI Demat Account.
Our Stoxkart by SMC Global comparison with Choice Equity Broking Private Limited highlights the major differences between two brokers. Find the best between Stoxkart and Choice Broking NRI Account.
Stoxkart | Choice Broking | |
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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... | Choice Broking is a full-service broker offering online trading and advisory services to NRIs (except for those residing in the USA and Canada). It offers 2-in-1 accounts, combining Demat and trading accounts, to NRIs. The 2-in-1 account enables NR... |
Account Type | NRI Trading | |
Special Offer | Zerodha (Flat Rs 20 Per Trade) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
Zerodha (Flat Rs 20 Per Trade) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
Stoxkart | Choice Broking | |
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NRI Account Opening Fees | ₹590 | ₹0 |
NRI Account AMC | ₹590 | ₹0 |
NRI Demat Account Opening Fees | Rs 0 | Rs 0 (Free) |
NRI Demat Account AMC | Rs 300 | Rs 200 or as per plan. (1st year AMC free) |
PIS Account AMC | NA | |
RBI approval for PIS (One time) | ₹500 + GST | ₹500 + GST |
Account Type | Stoxkart | Choice Broking NRI Trading |
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Equity Delivery | ₹200 per executed order | 0.50% |
Equity Futures | ₹200 per executed order | 0.03% |
Equity Options | ₹200 per executed order | ₹100 per lot |
Contract Note Reporting Charges | NA | |
Other Brokerage Charges | Demat Account AMC - ₹200 per year | |
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% |
Stoxkart | Choice Broking | |
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Securities Transaction Tax (STT) |
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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. |
Stoxkart Margin | Choice Broking Margin | |
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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. |
Stoxkart | Choice Broking | |
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3-in-1 Account | ||
Automated Trading | ||
Free Research And Tips | ||
Other Features | NRI Account for US and Canada based NRIs | |
Stoxkart Enquire | Choice Broking Enquire | |
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Contact Broker | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
Stoxkart | Choice Broking | |
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Stocks | ||
Initial Public Offers (IPO) | ||
Mutual Funds | ||
Other Investment Options |
Stoxkart | Choice Broking | |
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Customer Care Number | 022-67079903, 9819545987 | |
Customer Care Email | nri@choiceindia.com | |
Stoxkart | Choice Broking | |
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Bracket Order | ||
Cover Order | ||
After Market Order(AMO) | ||
Good Till Cancelled (GTC) |
Stoxkart | Choice Broking | |
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Pros |
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Cons |
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Conclusion
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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. |
Choice Broking is a SEBI registered full-service broker offering trading and advisory services with a 2-in-1 account facility to the NRIs. The company offers online trading platforms to NRI for stock markets and mutual fund investments. Being a full-service broker, the brokerage charges are slightly on the higher side making it a costly broker for the NRIs. The company has a dedicated research team that provides insights on the economy and the markets along with a wide range of research reports to its clients based on its fundamental and technical analyses. |
Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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