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Stoxkart Vs SBI Securities NRI Account Comparison

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

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

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

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Stoxkart Vs SBI Securities

  Stoxkart SBI Securities
 
  Stoxkart by SMC Global Securities Ltd Logo SBICAP 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 State Bank of India (SBI) offers a range of trading and investment services to NRIs through an NRI 3 in 1 account. The account helps NRIs to trade and invest in Equity, Derivatives, Mutual Funds, Depository services, and a variety of Third Party Dist... Know more about SBICAP Securities Ltd
Account Type NRI Account
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Stoxkart Vs SBI Securities Charges

  Stoxkart SBI Securities
NRI Account Opening Fees ₹590 ₹2500
NRI Account AMC ₹590 ₹0
NRI Demat Account Opening Fees Rs 0 Rs 0
NRI Demat Account AMC Rs 300 Rs 350
PIS Account AMC ₹900
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Stoxkart Vs SBI Securities NRI Account Brokerage Comparison

Account Type Stoxkart SBI Securities NRI Account
Equity Delivery ₹200 per executed order 0.75%
Equity Futures ₹200 per executed order
Equity Options ₹200 per executed order
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Other Charges

Contract Note Reporting Charges ₹0
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 SBI Securities NRI Account Taxes/Fees

  Stoxkart SBI 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 SBI Securities NRI Account Margin

  Stoxkart Margin SBI Securities 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 SBI Securities NRI Account Features

  Stoxkart SBI Securities
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 SBI Securities NRI Account Review

  Stoxkart Review SBI Securities Review
  3 Customer Reviews    Rate Stoxkart 147 Customer Reviews    Rate SBI Securities
Fees 3.3 3.2
Brokerage 4.7 2.7
Trading Platform 3.3 2.6
Customer Service 3.0 2.8
Overall Rating Rated 3.3 stars Rated 2.6 stars
Broker Rating Stoxkart is Rated 3.3 / 5 based on 3 customer reviews SBI Securities is Rated 2.6 / 5 based on 147 customer reviews
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Contact Broker / Request A Call Back

  Stoxkart Enquire SBI Securities Enquire
Contact Broker Rs 0 Delivery Brokerage + Rs 0 Intraday Trades in Loss. Open a Demat Account in 15 Minutes. Request a Callback
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Stoxkart Vs SBI Securities NRI Investment Options

  Stoxkart SBI Securities
Stocks Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds Yes Yes
Other Investment Options Derivatives, FD

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Stoxkart Vs SBI Securities NRI Customer Service

  Stoxkart SBI Securities
Customer Care Number +91 22 6153 6900
Customer Care Email nri@sbicapsec.com
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Stoxkart Vs SBI Securities Order Type Offered for NRI Account

  Stoxkart SBI Securities
Bracket Order No Yes
Cover Order No Yes
After Market Order(AMO) Yes
Good Till Cancelled (GTC) No

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Stoxkart Vs SBI Securities - NRI Account Advantages and Disadvantages

  Stoxkart SBI 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.
  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.
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. 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.
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.

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.

Promo / Offers

No Profit. No Brokerage

Get free equity delivery trades and pay flat Rs 15 brokerage for Intraday only when you make profit To open an account with Stoxkart leave your contact information.

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