Stoxkart Vs IDBI Capital NRI Account Comparison

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

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

Our Stoxkart by SMC Global Securities Ltd comparison with IDBI Capital Markets and Securities Ltd highlights the major differences between two brokers. Find the best between Stoxkart and IDBI Capital NRI Account.

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Stoxkart Vs IDBI Capital

  Stoxkart IDBI Capital
 
Stoxkart by SMC Global Securities Ltd Logo IDBI Capital Markets and Securities 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 IDBI Bank, a leading private bank in India, offers a wide range of investment options to NRIs through a 3-in-1 account. IDBI Bank offers banking, loans, capital market, PMS, etc. services to NRIs. With the IDBI Bank PIS account, NRIs can buy/sell sha... Know more about IDBI Capital Markets and Securities Ltd
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 IDBI Capital. Leave your contact info and we will get in touch with you.
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Stoxkart Vs IDBI Capital Charges

  Stoxkart IDBI Capital
NRI Account Opening Fees ₹590 ₹1500
NRI Account AMC ₹590 ₹0
NRI Demat Account Opening Fees Rs 0 NIL
NRI Demat Account AMC Rs 300 Rs 450
PIS Account AMC
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Stoxkart Vs IDBI Capital NRI Account Brokerage Comparison

Brokerage Plan

  Stoxkart IDBI Capital
Account Type NRI Trading
Equity Delivery ₹200 per executed order 0.50%
Equity Futures ₹200 per executed order
Equity Options ₹200 per executed order

Other Charges

Contract Note Reporting Charges
Other Brokerage Charges Processing Charge: ₹75 per transaction
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 IDBI Capital NRI Account Taxes/Fees

  Stoxkart IDBI Capital
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 IDBI Capital NRI Account Exposure Margin

  Stoxkart IDBI Capital
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 IDBI Capital NRI Account Feature Comparison

  Stoxkart IDBI Capital
3-in-1 Account No Yes
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 IDBI Capital NRI Account Review

  Stoxkart IDBI Capital
  3 Customer Reviews    Rate Stoxkart 40 Customer Reviews    Rate IDBI Capital
Fees 3.3 3.2
Brokerage 4.7 2.6
Trading Platform 3.3 2.6
Customer Service 3.0 2.8
Overall Rating Rated 3.3 stars Rated 2.7 stars
Broker Rating Stoxkart is Rated 3.3 / 5 based on 3 customer reviews IDBI Capital is Rated 2.7 / 5 based on 40 customer reviews
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Contact Broker / Request A Call Back

  Stoxkart IDBI Capital
Contact Broker
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Stoxkart Vs IDBI Capital NRI Investment Options

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

  Stoxkart IDBI Capital
Customer Care Number 1800-22-3366, 022-3913 5001
Customer Care Email custcare@idbidirect.in
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Stoxkart Vs IDBI Capital Order Type Offered for NRI Account

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

  Stoxkart IDBI Capital
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 3-in-1 accounts which makes the trading experience fast and smooth.
  • Provides research and recommendation tips.
  • Offers instant online account opening facility.
  • Works as a custodial to settle equity derivatives trades for NRIs.
  • Offers in-house mutual funds under different segments.
  • After Market Order (AMO) facility.
  • Equity SIP is available.
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.
  • Brokerage charges are comparatively higher than discount brokers.
  • Online trading is not available to USA and Canada based NRIs.
  • Offers comparatively lower interest rates on NRI savings bank account.
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.

IDBI is a full-service broker offering a range of investment options to NRIs. IDBI NRI 3-in-1 Account makes stock market investment simple and hassle-free. NRIs also get RM assistance and investment advice from experts. It has a network across 40+ countries to offer NRI services. The broker also works as a custodian for trade clearance and settlement which reduces the extra cost for NRIs. IDBI is recommended for NRIs who are a casual investor and prefer convenience over the trading costs.

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Stoxkart Vs IDBI Capital - More Reviews

  Stoxkart IDBI Capital
NRI Trading Review Stoxkart NRI Account Review IDBI Capital NRI Account Review
Enquire Stoxkart Enquire IDBI Capital
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