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Stoxkart Vs Geojit NRI Account Comparison

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

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

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

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Stoxkart Vs Geojit

  Stoxkart Geojit
 
  Stoxkart by SMC Global Securities Ltd Logo Geojit BNP Paribas 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 Geojit BNP Paribas is a leading full-time stockbroker with a strong presence in Southern India and the Middle East. The company offers NRI services to non-resident Indian investors residing in Oman, Kuwait, Bahrain, Saudi Arabia, and the U.A.E only. ... Know more about Geojit BNP Paribas
Account Type
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Stoxkart Vs Geojit Charges

  Stoxkart Geojit
NRI Account Opening Fees ₹590
NRI Account AMC ₹590
NRI Demat Account Opening Fees Rs 0 NIL
NRI Demat Account AMC Rs 300 Rs 700
PIS Account AMC
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Stoxkart Vs Geojit NRI Account Brokerage Comparison

Account Type Stoxkart Geojit
Equity Delivery ₹200 per executed order
Equity Futures ₹200 per executed order
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 Geojit NRI Account Taxes/Fees

  Stoxkart Geojit
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 Geojit NRI Account Margin

  Stoxkart Margin Geojit 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 Geojit NRI Account Features

  Stoxkart Geojit
3-in-1 Account No No
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 Geojit NRI Account Review

  Stoxkart Review Geojit Review
  3 Customer Reviews    Rate Stoxkart 102 Customer Reviews    Rate Geojit
Fees 3.3 3.6
Brokerage 4.7 3.3
Trading Platform 3.3 4.0
Customer Service 3.0 3.8
Overall Rating Rated 3.3 stars Rated 3.7 stars
Broker Rating Stoxkart is Rated 3.3 / 5 based on 3 customer reviews Geojit is Rated 3.7 / 5 based on 102 customer reviews
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Contact Broker / Request A Call Back

  Stoxkart Enquire Geojit 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 Geojit NRI Investment Options

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

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Stoxkart Vs Geojit NRI Customer Service

  Stoxkart Geojit
Customer Care Number +91 0484 3911777
Customer Care Email customercare@geojit.com
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Stoxkart Vs Geojit Order Type Offered for NRI Account

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

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Stoxkart Vs Geojit - NRI Account Advantages and Disadvantages

  Stoxkart Geojit
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.
  • 30+ years of experience in the capital market in India.
  • Strong physical presence in Gulf countries through tie-ups with other prominent financial services providers in these countries.
  • Dedicated research team offers investment and research tips to NRIs.
  • Equity Derivatives NRI traders do not require separate Custodial account as Geojit is a clearing member and clear the trade by themselves.
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.
  • NRI Account is available only to residents of UAE, Saudi Arabia, Bahrain, Kuwait or Oman.
  • Doesn't offer services to the US, UK, Australia or Canada based NRIs.
  • Doesn't offer a 3-in-1 account. An NRI has to open a bank account with another company.
  • High brokerage charges when compared with discount brokers like Zerodha, Prostocks, etc.
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.

Geojit is a highly recommended broker for NRIs residing in Middle East countries. It has 480+ offices and a dedicated Call Centre to offer quality services to NRIs. The company also offers strong research services to help NRIs make informed trading decisions. Other investment options including Mutual Funds, PMS and IPO make them preferred broker for many NRIs in the Gulf.

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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