Stoxkart Vs IIFL Securities NRI Account Comparison

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

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

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

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Stoxkart Vs IIFL Securities

  Stoxkart IIFL Securities
 
Stoxkart by SMC Global Securities Ltd Logo IIFL 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 IIFL Securities is a full-service broker offering online trading services to NRIs. It offers 2-in-1 accounts, combining demat and trading accounts, to NRIs. The 2-in-1 account enables trading across stocks, equity derivatives and investments in Mutua... Know more about IIFL Securities Ltd
Account Type NRI Account
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 IIFL Securities. Leave your contact info and we will get in touch with you.
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Stoxkart Vs IIFL Securities Charges

  Stoxkart IIFL Securities
NRI Account Opening Fees ₹590 ₹750
NRI Account AMC ₹590 ₹400 + GST
NRI Demat Account Opening Fees Rs 0 Rs 0
NRI Demat Account AMC Rs 300 Rs 250 (Free for 1st year)
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Stoxkart Vs IIFL Securities NRI Account Brokerage Comparison

Brokerage Plan

  Stoxkart IIFL Securities
Account Type NRI Account
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 NA
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 IIFL Securities NRI Account Taxes/Fees

  Stoxkart IIFL Securities
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 IIFL Securities NRI Account Exposure Margin

  Stoxkart IIFL Securities
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 IIFL Securities NRI Account Feature Comparison

  Stoxkart IIFL Securities
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 IIFL Securities NRI Account Review

  Stoxkart IIFL Securities
  3 Customer Reviews    Rate Stoxkart 118 Customer Reviews    Rate IIFL Securities
Fees 3.3 2.8
Brokerage 4.7 2.6
Trading Platform 3.3 3.2
Customer Service 3.0 2.7
Overall Rating Rated 3.3 stars Rated 2.7 stars
Broker Rating Stoxkart is Rated 3.3 / 5 based on 3 customer reviews IIFL Securities is Rated 2.7 / 5 based on 118 customer reviews
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Contact Broker / Request A Call Back

  Stoxkart IIFL Securities
Contact Broker
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Stoxkart Vs IIFL Securities NRI Investment Options

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

  Stoxkart IIFL Securities
Customer Care Number +91 22 4007 1000
Customer Care Email cs@iifl.com
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Stoxkart Vs IIFL Securities Order Type Offered for NRI Account

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

  Stoxkart IIFL Securities
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.
  • Full-service broker with a dedicated relationship manager, research reports and a wide range of products & services.
  • Online account opening process for NRIs.
  • Convenient Mutual Fund investment through a mobile app or website.
  • Part of IIFL Group, a financial services conglomerate.
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.
  • Charges high brokerage as compared to discount brokers such as Zerodha and ProStocks.
  • Doesn't offer an NRI 3-in-1 account. NRIs have to open an NRI bank account and custodian account on their own.
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.

IIFL is a reputed full-service broker. It offers NRI Trading & Demat account facility for NRIs. IIFL also offers an online mutual fund platform to NRIs. IIFL Securities has a dedicated research team that provides insights on the economy and markets to its customers. The company has its offices in multiple locations across the globe that allows NRIs to avail branch services. The brokerage charges are on the higher side which makes it an expensive broker for NRIs.

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Stoxkart Vs IIFL Securities - More Reviews

  Stoxkart IIFL Securities
NRI Trading Review Stoxkart NRI Account Review IIFL Securities NRI Account Review
Enquire Stoxkart Enquire IIFL Securities
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