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ICICIdirect Vs Stoxkart NRI Account Comparison

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

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

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

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ICICIdirect Vs Stoxkart

  ICICIdirect Stoxkart
 
ICICI Securities Pvt Ltd. Logo Stoxkart by SMC Global Securities Ltd Logo
About the Broker ICICI Bank offers trading and investment opportunities in India stock market to NRIs through ICICI NRI 3-in-1 account. It is a combination of an NRI saving bank account, an NRI Demat, and an NRI trading account. The ICICI 3 in 1 Account for NRI enab... Know more about ICICI Securities Pvt Ltd. 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
Account Type NRI Account
Broker Enquiry Open an Online Trading Account with ICICIdirect. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Stoxkart. Leave your contact info and we will get in touch with you.
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ICICIdirect Vs Stoxkart Charges

  ICICIdirect Stoxkart
NRI Account Opening Fees ₹4000 ₹590
NRI Account AMC ₹0 ₹590
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0
NRI Demat Account AMC Rs 300 (from 2nd year) Rs 300
PIS Account AMC
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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ICICIdirect Vs Stoxkart NRI Account Brokerage Comparison

Brokerage Plan

  ICICIdirect Stoxkart
Account Type NRI Account
Equity Delivery 0.50% - 1.25% ₹200 per executed order
Equity Futures 0.03% - 0.05% ₹200 per executed order
Equity Options ₹70 to ₹95 ₹200 per executed order

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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ICICIdirect Vs Stoxkart NRI Account Taxes/Fees

  ICICIdirect Stoxkart
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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ICICIdirect Vs Stoxkart NRI Account Exposure Margin

  ICICIdirect Stoxkart
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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ICICIdirect and Stoxkart NRI Account Feature Comparison

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

  ICICIdirect Stoxkart
  453 Customer Reviews    Rate ICICIdirect 3 Customer Reviews    Rate Stoxkart
Fees 2.2 3.3
Brokerage 1.7 4.7
Trading Platform 3.3 3.3
Customer Service 2.7 3.0
Overall Rating Rated 2.4 stars Rated 3.3 stars
Broker Rating ICICIdirect is Rated 2.4 / 5 based on 453 customer reviews Stoxkart is Rated 3.3 / 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

  ICICIdirect Stoxkart
Contact Broker
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ICICIdirect Vs Stoxkart NRI Investment Options

  ICICIdirect Stoxkart
Stocks Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Other Investment Options ETF, Corporate Bonds, NCD, FD, Insurance
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ICICIdirect Vs Stoxkart NRI Customer Service

  ICICIdirect Stoxkart
Customer Care Number +91-22-28307780
Customer Care Email nri@icicidirect.com
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ICICIdirect Vs Stoxkart Order Type Offered for NRI Account

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

  ICICIdirect Stoxkart
Pros
  1. India's leading stockbroker. Part of the prestigious ICICI group, a financial services conglomerate.
  2. ICICI 3-in-1 NRI Account offers the easiest online trading experience.
  3. It offers an online trading facility with automatic fund transfer and PIS reporting.
  4. Invest online in Mutual Fund, NCD, FD, IPO, etc.
  5. GTC (or GTD, VTD) and AMO order types are available for placing orders in non-trading hours.
  6. It has a very stable trading platform.
  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.
Cons
  1. While ICICI trading platform gets the job done, it is very old trading software with poor user experience in comparison to the next generation online brokers like Zerodha, upstox, and 5paisa.
  2. The equity delivery brokerage is higher in comparison to discount brokers like Zerodha. With ICICI, a buy order or Rs 1 lakhs will cost Rs 1250 (1.25%) in brokerage. The same order at Zerodha cost Rs 200 in brokerage.
  3. NRIs from the UK (United Kingdom) cannot invest in IPO and Mutual Fund through ICICIDirect.com
  4. ICICI Bank doesn't offer online account opening to NRIs apart from customers from the US. Online account opening is also not available to Minor NRIs from the US.
  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.
Conclusion

ICICI is a highly recommended trading account for NRIs who are looking for investing in the stock market and mutual funds in India. It offers a convenient way to invest with competitive brokerage charges. It offers a range of investment options along with a dedicated RM, NRI support desk, free research, and tips. GTC and AMO order helps NRI customers to place an order in their own convenient timings.

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.

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ICICIdirect Vs Stoxkart - More Reviews

  ICICIdirect Stoxkart
NRI Trading Review ICICIdirect NRI Account Review Stoxkart NRI Account Review
Enquire ICICIdirect Enquire Stoxkart
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