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Stoxkart Vs Motilal Oswal NRI Account Comparison

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

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

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

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Stoxkart Vs Motilal Oswal

  Stoxkart Motilal Oswal
 
  Stoxkart by SMC Global Logo Motilal Oswal 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 Motilal Oswal Financial Services Ltd (MOFSL) is a diversified financial service firm offering trading and investment services to NRIs. The company offers online trading services through a 2-in-1 account in Equity and Equity Derivatives to Non-Residen... Know more about Motilal Oswal Securities Ltd
Account Type NRI Investment Account
Special Offer

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.


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Stoxkart Vs Motilal Oswal Charges

  Stoxkart Motilal Oswal
NRI Account Opening Fees ₹590
NRI Account AMC ₹590
NRI Demat Account Opening Fees Rs 0 Rs 0
NRI Demat Account AMC Rs 300 Rs 400 (Free for 1st Year)
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST

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Stoxkart Vs Motilal Oswal NRI Account Brokerage Comparison

Account Type Stoxkart Motilal Oswal NRI Investment 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 Motilal Oswal NRI Account Taxes/Fees

  Stoxkart Motilal Oswal
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 Motilal Oswal NRI Account Margin

  Stoxkart Margin Motilal Oswal 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 Motilal Oswal NRI Account Features

  Stoxkart Motilal Oswal
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 Motilal Oswal NRI Account Review

  Stoxkart Review Motilal Oswal Review
  4 Customer Reviews    Rate Stoxkart 134 Customer Reviews    Rate Motilal Oswal
Fees 3.8 2.7
Brokerage 4.8 2.2
Trading Platform 3.8 2.9
Customer Service 3.3 2.5
Overall Rating Rated 3.8 stars Rated 2.3 stars
Broker Rating Stoxkart is Rated 3.8 / 5 based on 4 customer reviews Motilal Oswal is Rated 2.3 / 5 based on 134 customer reviews

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Contact Broker / Request A Call Back

  Stoxkart Enquire Motilal Oswal Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
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Stoxkart Vs Motilal Oswal NRI Investment Options

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

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Stoxkart Vs Motilal Oswal NRI Customer Service

  Stoxkart Motilal Oswal
Customer Care Number
Customer Care Email

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Stoxkart Vs Motilal Oswal Order Type Offered for NRI Account

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

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Stoxkart Vs Motilal Oswal - NRI Account Advantages and Disadvantages

  Stoxkart Motilal Oswal
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.
  1. Full-service broker with a range of trading & investment services.
  2. A strong research team that provides investment advice and trade recommendations.
  3. Presence across 2,200 locations in over 500 cities in India.
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.
  1. MOSFL doesn't offer 3-in-1 account services. So, NRIs have to first transfer money from PIS account to trading account before placing an order.
  2. It doesn't have offices in any foreign locations.
  3. Brokerage is higher in comparison with discount stock brokers like Zerodha and Prostocks.
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.

Motilal Oswal is a popular name in the financial services industry in India. The company offers a range of online trading and investment services to NRIs. NRIs get free access to the trading platform and dedicated research team that provides market insights through published reports on the economy, market trends, and sectors. Higher brokerage makes it expensive for investors/traders who don't need advisory services.

Promo / Offers

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

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