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Stoxkart Vs Religare NRI Account Comparison

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

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

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

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Stoxkart Vs Religare

  Stoxkart Religare
 
Stoxkart by SMC Global Securities Ltd Logo Religare 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 Religare Broking offers trading and investment services to NRIs. It offers NRI Trading and NRI Demat Accounts. This 2-in-1 account provides NRIs with access to BSE & NSE to trade across Equities, Equity Derivatives, IPOs, and Mutual Funds. Religareo... Know more about Religare
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 Religare. Leave your contact info and we will get in touch with you.
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Stoxkart Vs Religare Charges

  Stoxkart Religare
NRI Account Opening Fees ₹590
NRI Account AMC ₹590
NRI Demat Account Opening Fees Rs 0 Nil
NRI Demat Account AMC Rs 300 Rs 400 from second year onward
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Stoxkart Vs Religare NRI Account Brokerage Comparison

Brokerage Plan

  Stoxkart Religare
Account Type NRI Account
Equity Delivery ₹200 per executed order
Equity Futures ₹200 per executed order
Equity Options ₹200 per executed order

Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges ODIN Diet: ₹999 per year
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 Religare NRI Account Taxes/Fees

  Stoxkart Religare
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 Religare NRI Account Exposure Margin

  Stoxkart Religare
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 Religare NRI Account Feature Comparison

  Stoxkart Religare
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 Religare NRI Account Review

  Stoxkart Religare
  3 Customer Reviews    Rate Stoxkart 77 Customer Reviews    Rate Religare
Fees 3.3 3.2
Brokerage 4.7 3.1
Trading Platform 3.3 3.0
Customer Service 3.0 2.9
Overall Rating Rated 3.3 stars Rated 2.9 stars
Broker Rating Stoxkart is Rated 3.3 / 5 based on 3 customer reviews Religare is Rated 2.9 / 5 based on 77 customer reviews
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Contact Broker / Request A Call Back

  Stoxkart Religare
Contact Broker
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Stoxkart Vs Religare NRI Investment Options

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

  Stoxkart Religare
Customer Care Number 0120 6130300
Customer Care Email wecare@religareonline.com
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Stoxkart Vs Religare Order Type Offered for NRI Account

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

  Stoxkart Religare
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.
  • Dedicated NRI Invest team and relationship managers to all NRIs.
  • Free research, recommendation and trading tips to NRIs.
  • NRIs can hedge the portfolio risk using futures and options trading facility.
  • Offers Mutual Fund services to NRIs
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 higher in comparison to discount brokers like Zerodha, Tradejini , and Prostocks.
  • Religare doesn't offer automated trading to the investors.
  • Doesn't offer 3-in-1 accounts which means more paperwork for NRIs in opening bank accounts & PIS separately. Also, funds need to be transferred to the PIS enabled bank account before trading.
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.

Religare Broking Ltd is a good choice for NRIs who wants trading assistance as well as access to research reports to gain market insights. It has a dedicated research team that publishes incisive research reports to keep you updated on the latest trends in the economy and markets. It also offers good trading platforms with useful features like multiple stock tracking, instant order execution, and real-time streaming of quotes.

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Stoxkart Vs Religare - More Reviews

  Stoxkart Religare
NRI Trading Review Stoxkart NRI Account Review Religare NRI Account Review
Enquire Stoxkart Enquire Religare
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