Stoxkart Vs SBI Securities NRI Account Comparison

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.

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. The largest bank in India with the highest number of branches.
2. Offer 3 in 1 account for convenient online trading
3. Free expert recommendations on trading & investments
4. Assistance from Relationship Managers
5. SBI securities NRI opening fees are lowest among full-service brokers.
6. Mutual fund services are available to NRIs who don't have a trading account.

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. Only Equity-based mutual funds are available for online investment. For other types of Mutual Funds, NRIs can only apply using a physical form.
2. The brokerage rates are higher when compared with discount brokers like Zerodha and Prostocks.
3. Doesn't offer Good-till canceled (GTC) order.

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.

SBI has one of the largest branch networks among Indian banks in the world. This helps NRIs in availing in-person services on their country or city of residence. The brokerage rates charged by the company are competitive among full-service brokers. The 3-in-1 account, online trading, free research and advisory, Mutual Fund, FD and IPO investment make them attractive to most NRIs.