Stoxkart Vs Choice Broking NRI Account Comparison

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 Securities Ltd comparison with Choice Equity Broking Private Limited highlights the major differences between two brokers. Find the best between Stoxkart and Choice Broking NRI Account.

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Stoxkart Vs Choice Broking

  Stoxkart Choice Broking
 
Stoxkart by SMC Global Securities Ltd Logo Choice Equity Broking Private Limited 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 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... Know more about Choice Equity Broking Private Limited
Account Type NRI Trading
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 Choice Broking. Leave your contact info and we will get in touch with you.
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Stoxkart Vs Choice Broking Charges

  Stoxkart Choice Broking
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
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Stoxkart Vs Choice Broking NRI Account Brokerage Comparison

Brokerage Plan

  Stoxkart Choice Broking
Account Type NRI Trading
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

Other Charges

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%
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Stoxkart Vs Choice Broking NRI Account Taxes/Fees

  Stoxkart Choice Broking
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 Choice Broking NRI Account Exposure Margin

  Stoxkart Choice Broking
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 Choice Broking NRI Account Feature Comparison

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

  Stoxkart Choice Broking
  3 Customer Reviews    Rate Stoxkart 7 Customer Reviews    Rate Choice Broking
Fees 3.3 4.4
Brokerage 4.7 4.1
Trading Platform 3.3 4.4
Customer Service 3.0 4.0
Overall Rating Rated 3.3 stars Rated 4.1 stars
Broker Rating Stoxkart is Rated 3.3 / 5 based on 3 customer reviews Choice Broking is Rated 4.1 / 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

  Stoxkart Choice Broking
Contact Broker
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Stoxkart Vs Choice Broking NRI Investment Options

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

  Stoxkart Choice Broking
Customer Care Number 022-67079903, 9819545987
Customer Care Email nri@choiceindia.com
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Stoxkart Vs Choice Broking Order Type Offered for NRI Account

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

  Stoxkart Choice Broking
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.
  • Free account opening.
  • Advisory services with access to a wide range of research reports.
  • Convenient Mutual Fund investment through a mobile app or website.
  • Dedicated relationship manager.
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.
  • Higher brokerage charges when compared to other discount brokers.
  • Do not offer 3-in-1 account services.
  • Do not provide an online account opening facility.
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.

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
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Stoxkart Vs Choice Broking - More Reviews

  Stoxkart Choice Broking
NRI Trading Review Stoxkart NRI Account Review Choice Broking NRI Account Review
Enquire Stoxkart Enquire Choice Broking
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