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Stoxkart Vs Compositedge NRI Account Comparison

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

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

Our Stoxkart by SMC Global Securities Ltd comparison with Composite Investments Pvt Ltd highlights the major differences between two brokers. Find the best between Stoxkart and Compositedge NRI Account.

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Stoxkart Vs Compositedge

  Stoxkart Compositedge
 
  Stoxkart by SMC Global Securities Ltd Logo Composite Investments Pvt Ltd 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 Composite Edge or Composite Investments Ltd is a discount broking firm offering trading and investment services to the resident as well as non-resident Indians. Composite Edge offers a complete range of investment solutions to NRIs and foreign nation... Know more about Composite Investments Pvt Ltd
Account Type
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Stoxkart Vs Compositedge Charges

  Stoxkart Compositedge
NRI Account Opening Fees ₹590 ₹1000
NRI Account AMC ₹590
NRI Demat Account Opening Fees Rs 0 Rs 100
NRI Demat Account AMC Rs 300 Rs 300
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Stoxkart Vs Compositedge NRI Account Brokerage Comparison

Account Type Stoxkart Compositedge
Equity Delivery ₹200 per executed order ₹200/- or 0.1%
Equity Futures ₹200 per executed order ₹200/- or 0.01%
Equity Options ₹200 per executed order
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Other Charges

Contract Note Reporting Charges
Other Brokerage Charges
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 Compositedge NRI Account Taxes/Fees

  Stoxkart Compositedge
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 Compositedge NRI Account Margin

  Stoxkart Margin Compositedge Margin
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 Compositedge NRI Account Features

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

  Stoxkart Review Compositedge Review
  3 Customer Reviews    Rate Stoxkart 17 Customer Reviews    Rate Compositedge
Fees 3.3 4.2
Brokerage 4.7 4.6
Trading Platform 3.3 4.0
Customer Service 3.0 4.2
Overall Rating Rated 3.3 stars Rated 4.2 stars
Broker Rating Stoxkart is Rated 3.3 / 5 based on 3 customer reviews Compositedge is Rated 4.2 / 5 based on 17 customer reviews
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Contact Broker / Request A Call Back

  Stoxkart Enquire Compositedge Enquire
Contact Broker Rs 0 Delivery Brokerage + Rs 0 Intraday Trades in Loss. Open a Demat Account in 15 Minutes. Request a Callback
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Stoxkart Vs Compositedge NRI Investment Options

  Stoxkart Compositedge
Stocks Yes Yes
Initial Public Offers (IPO) No No
Mutual Funds Yes Yes
Other Investment Options

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Stoxkart Vs Compositedge NRI Customer Service

  Stoxkart Compositedge
Customer Care Number
Customer Care Email
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Stoxkart Vs Compositedge Order Type Offered for NRI Account

  Stoxkart Compositedge
Bracket Order No
Cover Order No
After Market Order(AMO)
Good Till Cancelled (GTC)

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Stoxkart Vs Compositedge - NRI Account Advantages and Disadvantages

  Stoxkart Compositedge
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.
  • Offers ESOP trading facility for NRIs.
  • A team of specialists to assist non-resident Indian investors.
  • Assists in PAN card and PIS account opening.
  • NRIs can invest in Equity, bond, MF, and IPO (offline).
  • Provides semi and algo trading options.
  • Can also place offline order through telephone.
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.
  • Have to open custodial and bank accounts separately which increases paperwork and overall charges.
  • The platform is designed for knowledgeable and experienced traders. New traders may not find it easy to use.
  • Doesn't offer a 3-in-1 account that means investors have to open a bank account with third party bank.
  • Doesn't offer in-house trading platforms. NRIs have to depend on 3rd-party to resolve technical issues.
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.

Composite Edge offers a 2-in-1 account for NRIs to trade and invest across equity, mutual fund, IPO, bonds, and PMS. The brokerage charges are higher than other discount brokers. It doesn't have its own trading platforms and so is depended on the platform owners for up-gradation and resolving technical issues. Overall, there's not a single key offering or market differentiator from the stock broker to attract NRIs. There are better choices available in the market.

Promo / Offers

No Profit. No Brokerage

Get free equity delivery trades and pay flat Rs 15 brokerage for Intraday only when you make profit To open an account with Stoxkart leave your contact information.

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